BusinessMagazine – Global Business Magazine https://thegbm.com Business news, opinion, reviews, interviews Sat, 12 Sep 2026 00:30:00 +0000 en-US hourly 1 https://wordpress.org/?v=7.1 https://thegbm.com/wp-content/uploads/2021/07/Bizmag-logo.png BusinessMagazine – Global Business Magazine https://thegbm.com 32 32 195744517 KBW Announces Index Rebalancing for Third-Quarter 2026 https://thegbm.com/kbw-announces-index-rebalancing-for-third-quarter-2026/ https://thegbm.com/kbw-announces-index-rebalancing-for-third-quarter-2026/#respond Sat, 12 Sep 2026 00:30:00 +0000 https://thegbm.com/kbw-announces-index-rebalancing-for-third-quarter-2026 NEW YORK, Sept. 11, 2026 (GLOBE NEWSWIRE) — Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), announces the upcoming index rebalancing for the third quarter of 2026.

This quarter, there are constituent changes within one of our indexes: KBW Nasdaq Regional Banking Index (Index Ticker: KRX)

These changes will be effective prior to the opening of business on Monday, September 21, 2026.

As part of this rebalancing, below are the component-level changes across impacted indices:

KBW Nasdaq Regional Banking Index (Index Ticker: KRX)

Add (1): Central Bancompany, Inc. (Nasdaq: CBC)

Several of the KBW Nasdaq indexes have tradable exchange‐traded funds licensed: KBW Nasdaq Bank Index (Index Ticker: BKXSM, ETF Ticker: KBWBSM); KBW Nasdaq Capital Markets Index (Index Ticker: KSXSM); KBW Nasdaq Insurance Index (Index Ticker: KIXSM); KBW Nasdaq Regional Banking Index (Index Ticker: KRXSM); KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDXSM, ETF Ticker: KBWDSM); KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYXSM, ETF Ticker: KBWYSM); KBW Nasdaq Property and Casualty Insurance Index (Index Ticker: KPXSM, ETF Ticker: KBWPSM); KBW Nasdaq Global Bank Index (Index Ticker: GBKXSM); KBW Nasdaq Financial Technology Index (Index Ticker: KFTXSM, ETF Ticker: FTEK.LNSM).

Not all of the listed securities may be suitable for retail investors; in addition, not all of the listed securities may be available to U.S. investors. European investors interested in FTEK LN can contact Invesco at https://etf.invesco.com/gb/private/en/product/invesco-kbw-nasdaq-fintech-ucits-etf-acc/trading-information. U.S. investors cannot buy or hold FTEK LN. An investor cannot invest directly in an index.

About KBW
KBW (Keefe, Bruyette & Woods, Inc., operating in the U.S., and Stifel Nicolaus Europe Limited, also trading as Keefe, Bruyette & Woods Europe, operating in Europe) is a Stifel company. Over the years, KBW has established itself as a leading independent authority in the banking, insurance, brokerage, asset management, mortgage banking and specialty finance sectors. Founded in 1962, the firm maintains industry‐leading positions in the areas of research, corporate finance, mergers and acquisitions as well as sales and trading in equities securities of financial services companies.

Media Contact
Neil Shapiro, (212) 271-3447
shapiron@stifel.com

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LiveVoice Introduces Hardware-Free Multilingual Events Platform With AI Live Translation in 70+ Languages https://thegbm.com/livevoice-introduces-hardware-free-multilingual-events-platform-with-ai-live-translation-in-70-languages/ https://thegbm.com/livevoice-introduces-hardware-free-multilingual-events-platform-with-ai-live-translation-in-70-languages/#respond Sat, 12 Sep 2026 00:01:00 +0000 https://thegbm.com/livevoice-introduces-hardware-free-multilingual-events-platform-with-ai-live-translation-in-70-languages Cloud-Based Platform Delivers AI Live Translation in 70+ Languages Through Attendee Smartphones, Removing Equipment Rental From Event Budgets

Salzburg, Austria, Sept. 11, 2026 (GLOBE NEWSWIRE) — LiveVoice, a cloud-based audio streaming platform headquartered in Salzburg, Austria, introduces a hardware-free multilingual events platform that delivers AI live translation across more than 70 languages through attendees’ own smartphones, tablets, or laptops. The platform replaces traditional rented receivers, transmitters, and booth hardware with cloud-based audio streaming, helping organizers reduce typical event translation costs by up to 80 percent. LiveVoice serves customers in more than 100 countries and is used at international conferences, corporate annual general meetings, nonprofit gatherings, multilingual press conferences, guided tours, and worship services. Organizers can create an event in a dashboard, define a channel for each language, and share a QR code or smart link so attendees can select their language and listen through their own earbuds.

LiveVoice Introduces Hardware-Free Multilingual Events Platform With AI Live Translation in 70+ Languages

Modern silent conferencing: Attendees listen to live presentations and translated sessions directly through their own smartphones and earphones.

The platform supports live translation across more than 70 languages and serves customers in more than 100 countries. It is used at international conferences, corporate annual general meetings, nonprofit gatherings, multilingual press conferences, guided tours, and worship services.

Where the Cost of Multilingual Events Comes From

Traditional simultaneous interpretation carries costs beyond interpreter fees. Organizers rent a receiver for every attendee who needs one, install transmitters, and often rent or build interpreter booths. Equipment has to be shipped to the venue, staffed during the event, distributed and collected each day, and reconciled afterward for losses.

For a multilingual conference, that equipment line can run into the tens of thousands of euros. For nonprofits and smaller conferences, it has frequently been the reason language access was cut from the plan entirely.

How LiveVoice Removes Equipment From the Event Budget

The LiveVoice platform replaces receivers, transmitters, and booth hardware with cloud-based audio streaming. Organizers create the event in a dashboard, define a channel for each language, and share a QR code or smart link with attendees. Attendees select their language and listen through their own earbuds.

Interpreters access a browser-based console and can work from the venue or remotely, which also removes interpreter travel and accommodation from the budget. Event setup is done in a few minutes.

Why LiveVoice Is Becoming a Top Choice for Hardware-Free Multilingual Events

  • Costs scale with attendance, not inventory. Pricing is tied to audience size and language count rather than the number of physical devices on site.
  • No equipment logistics. Nothing is shipped, insured, distributed, collected, cleaned, or replaced, which removes both cost and staffing from the event plan.
  • Human and AI translation on one platform. A single event can carry human interpreters on some channels and AI voice translation on others, letting organizers spend interpreter budget where accuracy matters most.
  • Accessibility included. AI-generated live captions and audio description channels run on the same account, without separate vendors or additional equipment.

Platform Capabilities

The LiveVoice hardware-free multilingual events platform includes the following capabilities:

  • Live translation across more than 70 languages
  • Remote, on-site, and hybrid interpreter workflows within a single event
  • AI voice translation and AI-generated live captions
  • Audio description channels for visually impaired attendees
  • Audio ingestion through venue mixers or direct microphone input
  • Support for an unlimited number of  language channels running in parallel,
  • Channel scaling to thousands of concurrent listeners on WiFi or mobile data

A Word from LiveVoice Founder Johannes Wigand

“When a nonprofit plans an international gathering, language access is often the first line cut, because the equipment quote arrives before anything else is booked,” said Johannes Wigand, founder of LiveVoice. “Taking the hardware out of the equation changes what is possible. The budget goes to interpreters and to the event itself rather than to receivers that sit in a case for eleven months of the year.”

About LiveVoice

LiveVoice is a cloud-based audio streaming platform headquartered in Salzburg, Austria. The company provides AI live translation, simultaneous interpretation, guided tour audio, silent conferencing, and audio description services for events of every size. LiveVoice supports 70+ languages and serves customers across more than 100 countries.

LiveVoice Introduces Hardware-Free Multilingual Events Platform With AI Live Translation in 70+ Languages

Budget-friendly accessibility: Nonprofits and conferences can provide high-quality audio feeds directly to attendees without paying for expensive hardware rentals.

Press Inquiries

Johannes Wigand
hello [at] livevoice.io
https://livevoice.io/en

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Iran, Russia condemn Western economic sanctions and urge BRICS bloc to deepen economic ties https://thegbm.com/iran-russia-condemn-western-economic-sanctions-and-urge-brics-bloc-to-deepen-economic-ties/ Fri, 11 Sep 2026 15:10:45 +0000 https://thegbm.com/iran-russia-condemn-western-economic-sanctions-and-urge-brics-bloc-to-deepen-economic-ties

In this article

In this pool photograph distributed by the Russian state agency Sputnik, (L-R front row) India’s Foreign Minister Subrahmanyam Jaishankar, Iran’s President Masoud Pezeshkian, Russia’s President Vladimir Putin, India’s Prime Minister Narendra Modi and South Africa’s President Cyril Ramaphosa pose for a photo with the leaders of the BRICS Business Council and the BRICS Women’s Business Alliance during the BRICS Business Forum 2026 in New Delhi on September 11, 2026.
Dmitry Azarov | Afp | Getty Images

Iranian President Masoud Pezeshkian and Russian President Vladimir Putin on Friday criticized Western sanctions on their economies and urged countries of the Global South to deepen trade relations as they addressed the BRICS Business Forum.

“BRICS must create an environment in which no country can disrupt the legitimate trade of another country through monopolizing a financial instrument or technology,” Pezeshkian said in New Delhi. He urged the bloc, which has sought to amplify the influence of the Global South, to expand the use of national currencies to trade among member countries.

Pressure on Iran has entered a “dangerous phase,” shifting from sanctions to military aggression by the U.S. and Israel, Pezeshkian said, adding that the impact of the war against Tehran was being felt beyond its borders, affecting regional and global stability.

The conflicts have also disrupted global energy markets and pushed fuel prices sharply higher.

U.S. diesel prices hit $6 per gallon on Friday for the first time, as fuel supply disruptions triggered by the Ukraine and Iran wars raised transportation costs across the entire economy.

Since the start of the Iran war, global energy prices have spiked as the conflict has severely disrupted shipping through the Strait of Hormuz, an important waterway for transport of crude and gas from the Middle East.

On Thursday, U.S. crude oil futures topped $100 per barrel for the first time since May in response to a sharp escalation in fighting between the U.S. and Iran this month. 

“Food and energy security are two fundamental pillars of economic security,” the Iranian leader said Friday, adding that his country, with its vast energy reserves, was ready to be a strategic partner.

Russia, another major energy producer, also faces extensive Western sanctions over its war against Ukraine. Moscow resumed air attacks on major Ukrainian cities after a brief pause for the visit of U.S. peace negotiators over the weekend.

But despite U.S. President Donald Trump‘s assurance on Wednesday that a swift resolution to the Ukraine war could pave the way for the countries to fully restore trade and economic ties, Putin lambasted the West for its pressure tactics against Moscow.

“More than 30,000 sanctions have been slapped on Russia, which is twice as many as the number of sanctions against all the other countries of the world combined,” Putin said at the BRICS Business Forum.

The Russian president said that countries “facing industrial decline and budget deficit” were trying to protect their “competitive edge” by imposing sanctions against Russia and Iran.

Putin also claimed that over the last five years more than 40% of the world’s incremental GDP has been produced by the BRICS countries, while the G7 countries only accounted for 29%.

BRICS provided a “resilient and viable platform for global growth,” Putin said, adding that Moscow is keen to pursue “promising initiatives” in tourism, trade and private sector investment from the Global South.

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HUAWEI Mate XT 2 | ULTIMATE DESIGN Debuts as the First Smartphone to Feature LogicFolding Tau (τ) Chip and Reach Mass Commercialization https://thegbm.com/huawei-mate-xt-2-ultimate-design-debuts-as-the-first-smartphone-to-feature-logicfolding-tau-%cf%84-chip-and-reach-mass-commercialization/ https://thegbm.com/huawei-mate-xt-2-ultimate-design-debuts-as-the-first-smartphone-to-feature-logicfolding-tau-%cf%84-chip-and-reach-mass-commercialization/#respond Fri, 11 Sep 2026 13:44:00 +0000 https://thegbm.com/huawei-mate-xt-2-ultimate-design-debuts-as-the-first-smartphone-to-feature-logicfolding-tau-%cf%84-chip-and-reach-mass-commercialization Guangzhou, China, Sept. 11, 2026 (GLOBE NEWSWIRE) — On September 7, Huawei officially unveiled the latest addition to its tri-fold lineup, the HUAWEI Mate XT 2 | ULTIMATE DESIGN. As the first smartphone to feature the LogicFolding Tau (τ) Chip, HUAWEI Mate XT 2 | ULTIMATE DESIGN marks the chip’s official entry into mass commercialization. 

The phone debuts with a wing-like tri-fold design, continuously pushing the boundaries of ultimate aesthetics, craftsmanship, and innovation. It is the first device powered by the Kirin 9050 Pro chip and introduces several industry-first features and experiences, including the Xuanwu Ultra-Durable Tri-Fold Architecture, Smart Shield Privacy Screen, True-to-Color Camera 3.0, and the HarmonyOS 7 large-screen experience. As the pioneer of tri-fold phones, this new generation once again redefines the extraordinary. 

Ultimate Design: A Wing-Like Form for Intuitive Control 

The new HUAWEI Mate XT 2 | ULTIMATE DESIGN features a wing-like tri-fold design that opens from both sides, offering a more intuitive unfolding experience. The design philosophy draws on Chinese aesthetics, with a cloud pattern on the back panel created using Brocade Cloud craftsmanship. It is available in three colors: Purple, White, and Black. The camera ring inherits the iconic Star Diamond Glow design, crafted from Yttrium Crystal and fired at 1,800°C. Combining gemstone design and cutting techniques, it undergoes eight steps of fine polishing to form 33 star diamond facets, delivering a dazzling gemstone-like luster1. 

The device features the Xuanwu Ultra-Durable Tri-Fold Architecture, which reengineers the hinge and screen technology for layered protection from the inside out.

1Data comes from Huawei lab tests. 

It is the first tri-fold phone to support IP58/59 dust and water resistance2. The cover screen, made of Xuanwu Kunlun Glass3, resists daily scratches and impacts with ease. It also features anti-glare technology, ensuring clear visibility even under direct sunlight. The main screen uses a multi-layer composite ultra-tough structure, including a large UTG glass layer, aerospace-grade ultra-thin high-strength steel, and a carbon fiber support layer, providing robust impact resistance. The Advanced Precision Hinge System 2.0 employs a 5 curved arm structure and a synchronized linkage mechanism for even force distribution and reliable pressure resistance. 

Ultimate Performance: Kirin Chipset, a Leap in Power 

The HUAWEI Mate XT 2 | ULTIMATE DESIGN is the first to feature the Kirin 9050 Pro chip, delivering a dual leap in performance and energy efficiency. Through deep collaboration between hardware, software, chips, and cloud, overall device performance is improved by 42% compared to the previous generation4. The LinxiCore CPU, combined with the Ultra-smooth HUAWEI Ark Engine, enables faster loading of large files and superior performance when running multiple apps or multitasking. The Maleoon GPU features doubled computing units and cache, significantly enhancing rendering performance. In gaming scenarios, it supports 50 MRPS hardware-level real-time ray tracing, delivering a more immersive and realistic experience. The HUAWEI Da Vinci Architecture NPU brings a leap in on-device AI computing power, supporting large models of various sizes. For the first time in the industry, it natively supports the Pangu 30B-A2B MoE LLM, enabling smart experiences such as ondevice AI album management with Celia

2This product was tested under controlled laboratory conditions and attained a rating of IP58 and IP59 for splash, water, and dust resistance under the GB/T4208 – 2017 (China) standard. Splash, water, and dust resistance are not permanent conditions and resistance may decrease over time with normal use. Note that high-precision electronics are still at risk of damage in extreme environments. Avoid drops, impacts, or friction with hard objects. 3Data comes from Huawei labs, and compares Xuanwu Kunlun Glass with common glass. Note that high-precision electronics are still at risk of damage in extreme environments. Avoid drops, impacts, or friction with hard objects. 4Data comes from Huawei labs and compares HUAWEI Mate XT 2 | ULTIMATE DESIGN running HarmonyOS 7.0 (factory version) with HUAWEI Mate XTs | ULTIMATE DESIGN running HarmonyOS 5.1 (factory version). The test app version is from August 2026. Data is for reference only. Actual performance may vary. 

The innovative heat dissipation architecture distributes heat sources across three frames, working with ultra-large vapor chambers and highly thermally conductive graphene materials to efficiently conduct heat across axes. Intelligent collaboration of multiple communication systems and 32 distributed antennas ensures faster 5A connectivity. It supports Tiantong satellite communication and Beidou satellite messaging, ensuring connectivity anywhere in the world. The Mobile Security Processor, combined with an independent security chip, enables post-quantum cryptography algorithm detection and has passed EAL5+ CCRC security certification, providing dual protection for personal data and assets. 

Ultimate Technology: A Masterpiece of Innovation for Peace of Mind 

The industry’s first foldable Smart Shield Privacy Screen is now available, marking the first time hardware-level privacy protection is achieved on a foldable device5. It features an independent dual-pixel design, ensuring consistent screen resolution before and after activating Privacy mode, maintaining a clear front-facing view. With intelligent sensing capabilities, it provides smart reminders when entering airports or train stations. It also supports elegant activation of Privacy mode through methods such as double-tapping the cover screen or the Smart controls button. 

The HUAWEI Mate XT 2 | ULTIMATE DESIGN is equipped with ECG analysis software and has obtained the NMPA Class II Medical Device Registration Certificate6. Users can initiate an ECG measurement by holding the unfolded large screen with both hands. Celia intelligently interprets and analyzes the report, providing thoughtful care. 

Ultimate Photography: True-to-Color Camera 3.0, Capturing Every Moment 

5Statistics are as of September 7, 2026. Only certain configurations of the HUAWEI Mate XT 2 | ULTIMATE DESIGN feature the Smart Shield Privacy Screen. Please refer to the actual sales version. 6The phone is not a medical device. ECG analysis is implemented through the ECG analysis software. Medical device product name: ECG analysis software; medical device registration certificate number: No. 20212211827 (Guangdong). Read the Quick Start Guide carefully before using the device, or purchase and use the device under the guidance of medical personnel. For details about contraindications and precautions, see the Quick Start Guide. Among all commercially released smartphones as of September 7, 2026. The interface and overall experience for this feature may vary depending on the specific product. 

The HUAWEI Mate XT 2 | ULTIMATE DESIGN undergoes a comprehensive upgrade from optical hardware to computing power. It is the first to feature the Trueto-Color Camera 3.0, which effectively filters out infrared light interference, improving color reproduction by 95% compared to the previous generation. It also features an ultra-HDR main camera, ultra-wide aperture periscope telephoto camera, and Ultrawide angle camera, delivering true-to-life colors, realistic portraits, and clear night shots, with excellent performance at both close and long distances. Video recording supports an ultra-high dynamic range of 18 EV, ensuring outstanding image quality in every frame. 

XMAGE SmartCapture has been upgraded to intelligently recognize people, scenery, and food scenes, and supports AIGC real-time previews for clear composition and lighting recommendations. Its unique tri-fold form enables Desk-calendar mode shooting, making it easy to capture warm moments, whether for selfies or group photos. 

Ultimate Experience: A Superior Large-Screen Experience 

HUAWEI Mate XT 2 | ULTIMATE DESIGN is powered by the new HarmonyOS 7, redefining the large-screen interaction experience. The Live-Multitask capability supports three windows displayed in parallel, with adjustable window sizes and independent volume control. This large-screen experience covers core scenarios such as financial management, social entertainment, smart office, shopping comparison, and travel guides. Furthermore, it has been deeply adapted to leading industry apps, continuously driving innovation in the tri-fold large-screen ecosystem.

HUAWEI Mate XT 2 | ULTIMATE DESIGN starts at RMB 19,999 and will be available for purchase along with a stylus set, with official sales beginning at 10:08 on September 12th. 

Press contact : corporate.comms@huawei.com 

Publication Partner 

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Dance Fitness Tempe Announces Expansion of Accessible Digital Movement Programs https://thegbm.com/dance-fitness-tempe-announces-expansion-of-accessible-digital-movement-programs/ https://thegbm.com/dance-fitness-tempe-announces-expansion-of-accessible-digital-movement-programs/#respond Fri, 11 Sep 2026 13:31:00 +0000 https://thegbm.com/dance-fitness-tempe-announces-expansion-of-accessible-digital-movement-programs

Dance Fitness Tempe

Dance Fitness Tempe
Dance Fitness Tempe

TEMPE, Arizona, Sept. 11, 2026 (GLOBE NEWSWIRE) — Dance Fitness Tempe today announced the launch of expanded digital dance content and free online workout programs aimed at making movement accessible to its growing global community.

Led by co-founder Rick Coffey (known online as @bigkidrick), the fitness and social media movement combines dance, performance, humor, and exercise across Facebook, Instagram, TikTok, and YouTube. The digital expansion aims to allow individuals to participate in structured dance fitness routines from home without requiring studio memberships or physical access to the Tempe location.

The initiative focuses on providing movement options centered on body acceptance, confidence, and participation rather than physical appearance or skill level.

The company’s approach reflects Coffey’s own transition from professional theatre to dance fitness. After earning a BFA in musical theatre from Kent State University and performing on national tours and with regional theatre companies, Coffey eventually found a different way to use his performance background.

“Performing on stage taught me how to connect with an audience, but dance fitness taught me something even more important,” said Coffey. “Instead of being the person everyone is watching, I get to help everyone in the room feel like they are the performer.”

Coffey’s journey into dance fitness was also shaped by years of struggling with weight and body image. Rather than viewing exercise as a way to punish or fix his body, he began approaching movement as something that could be enjoyable. Dance gave him an opportunity to sweat, laugh, perform, and connect with others while changing the way he thought about fitness and self-acceptance.

That philosophy became central to the community he would later build.

After moving to Phoenix in 2016, Coffey began bringing together his theatre experience and passion for dance fitness. His classes increasingly focused not only on choreography and exercise but also on helping participants feel comfortable, confident, and connected.

The concept eventually expanded beyond the studio through Coffey’s online presence as @bigkidrick. His content combines dance workouts, humor, encouragement, and conversations around body image, allowing people outside Arizona to participate in the movement.

Coffey also makes full dance fitness workouts available through YouTube, giving people an opportunity to participate from home without requiring a gym membership or access to a physical studio.

Dance Fitness Tempe was co-founded by Coffey and his wife, AK Coffey. The couple met in 2021 while volunteering at a dance studio in Old Town Scottsdale, where Rick was teaching and helping with studio operations. Their shared connection to dance eventually developed into a business partnership and the creation of their own studio.

At Dance Fitness Tempe, Rick brings his background in theatre, choreography, performance, and digital content, while AK contributes experience in business consulting and law. Together, they have developed a studio environment designed to welcome participants regardless of their previous dance or fitness experience.

The studio’s philosophy centers on the idea that people should not have to reach a particular appearance, fitness level, or skill level before they feel welcome. Participants are encouraged to start where they are, enjoy movement, and build confidence along the way.

For Coffey, that philosophy is closely connected to his message of “evolve unapologetically.” The concept encourages people to pursue growth without treating their previous selves as failures. Accepting who someone is today, he believes, does not prevent that person from continuing to grow tomorrow.

As Coffey’s online audience has expanded, that message has reached millions of people beyond the Phoenix and Tempe communities. His social platforms have become an extension of the studio, providing accessible dance fitness content and a broader community centered on movement and self-confidence.

Looking back on his transition from professional theatre to fitness entrepreneurship, Coffey sees the two careers as connected rather than separate. Theatre gave him the tools to perform and engage an audience, while his own experiences with body image helped shape the empathy behind his approach to fitness.

Today, Dance Fitness Tempe continues to use that combination of performance and fitness to create an environment where participants can focus less on how they look and more on how movement makes them feel.

Coffey says his greatest measure of success is not the number of followers he has accumulated or the professional stages he has performed on, but the reaction of people who enter a class believing they cannot dance and leave feeling confident.

Whether through a class at Dance Fitness Tempe, social media content from @bigkidrick, or a free online workout, Coffey’s message remains consistent: people do not need to wait until they change their bodies to begin enjoying them.

About Rick Coffey and Dance Fitness Tempe

Dance Fitness Tempe is a Tempe, Arizona-based dance fitness studio co-founded by Rick Coffey and AK Coffey. The studio combines dance, fitness, performance, and community to create an accessible and welcoming environment for people of different fitness and dance experience levels. Rick Coffey, known online as @bigkidrick, is a performer, dance fitness instructor, entrepreneur, and content creator. Through its studio programs and digital content, Dance Fitness Tempe promotes joyful movement, confidence, and an approach to fitness centered on participation rather than appearance.

Learn more: Dance Fitness Tempe

Personal site: Big Kid Rick

YouTube: @bigkidrick on YouTube

Instagram: @bigkidrick on Instagram

Facebook: @bigkidrick on Facebook

Attachment

CONTACT: Rick Coffey support@dancefitnesstempe.org 

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IEA warns global oil refining system ‘stretched to the limit’ as Iran, Ukraine wars tighten market https://thegbm.com/iea-warns-global-oil-refining-system-stretched-to-the-limit-as-iran-ukraine-wars-tighten-market/ Fri, 11 Sep 2026 10:56:45 +0000 https://thegbm.com/iea-warns-global-oil-refining-system-stretched-to-the-limit-as-iran-ukraine-wars-tighten-market

In this article

An employee looks out over oil transport pipelines on the Arabian Sea in Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Ras Tanura, Saudi Arabia.
Simon Dawson | Bloomberg | Getty Images

The Iran and Ukraine wars are adding pressure to an oil refining system “stretched to the limit,” the International Energy Agency warned Friday, as it once again cut its global supply and demand forecasts amid the ongoing energy shock.

In its closely monitored monthly oil report, the IEA further cut its global oil supply and demand projections for the remainder of the year, warning that a full recovery in flows from Middle East producers has been deferred until next year as the Iran war drags on.

The energy watchdog said it expects world oil supply to decline by 5.7 million barrels per day (bpd) in 2026, about 6% lower than 2025. The IEA previously forecast an annual drop of 4% in its last update in August.

Global oil demand, meanwhile, is seen falling more than expected as an impasse in diplomatic talks between the U.S. and Iran delays the prospect of a truce, amid renewed attacks in both the Strait of Hormuz and the Red Sea’s Bab el-Mandeb choke point.

IEA significantly cuts its global oil demand forecast

The IEA said demand is expected to drop by 2.5 million bpd this year, significantly more than its August forecast of a 1.6 million bpd decline.

“Inventories have so far played a crucial role in balancing the market,” the IEA said in its report.

“With buffers shrinking and the global refining system stretched to the limit, the need for progress in resolving the conflict in the Middle East – and the Russia-Ukraine war, which is now in its fifth year – is greater than ever to avoid further market tightening and demand destruction,” the agency added.

The report comes at a time when oil prices have surged as the U.S. and Iran have exchanged attacks on tankers near the strategically vital Strait of Hormuz — and amid an escalation in fighting between Saudi Arabia and the Iran-backed Houthis in Yemen.

Oil prices traded lower on Friday morning, but both major benchmarks could still end the week above $100 per barrel for the first time since mid-May.

International benchmark Brent crude futures with November expiry traded 3% lower at $104.44 per barrel, while U.S. West Texas Intermediate futures with October expiry were last seen 2.6% lower at $99.86.

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Fintechs conquered payments in India. Now they’re eyeing credit https://thegbm.com/fintechs-conquered-payments-in-india-now-theyre-eyeing-credit/ Fri, 11 Sep 2026 07:04:56 +0000 https://thegbm.com/fintechs-conquered-payments-in-india-now-theyre-eyeing-credit

In this article

Participants during the Global Fintech Fest in Mumbai, India, on Wednesday, Sept. 9, 2026. Policymakers, bankers, technology companies and fintech founders have gathered at the annual Global Fintech Fest to debate what comes after the Unified Payments Interface, which unleashed a digital-payments revolution.
Bloomberg | Bloomberg | Getty Images

Fintech companies, the driving force behind the adoption of digital payments in India, are turning their attention to the underserved credit market of the world’s fastest-growing major economy.

Because of the low cost and last-mile connectivity fintechs offer, credit is seen as an appealing area for them to pursue, Industry leaders at the Global Fintech Festival in Mumbai told CNBC. A credit-product rollout through the Unified Payments Interface will be the next big wave of digital transformation, they added.

The credit market offers opportunities that are more than “double” the size of the payment market in the country, Sameer Nigam, founder and chief executive of Walmart-owned PhonePe, told CNBC.

In the financial year that ended in March, UPI transactions touched 314 trillion rupees ($3.2 trillion), with PhonePe and Google Pay accounting for more than 70% of the transactions, according to the National Payments Corporation of India. Paytm is the third-largest UPI transaction platform, while Meta’s WhatsApp Pay was in the eighth spot and Amazon Pay was 12th, July data showed.

Credit through UPI

On Thursday, at the Global Fintech Festival, Tiger Global-backed BharatPe unveiled a product called BharatPe Flex that gives users a pre–approved credit line of up to 60,000 rupees for UPI payments across online and offline merchant transactions.

“We see a significant opportunity to make formal credit more accessible to consumers,” Nalin Negi, chief executive of the company, said at the launch.

Only 15% of adults in the country have access to formal credit, against a global average of 24%, Deloitte said in a report in June, adding that over 85% of micro, small and medium enterprises relied on “informal, usurious financing.”

But data generated from digital transactions and services is improving access to credit, with fintechs leading the charge, especially when it comes to unsecured, small-sized loans.

The demand for small-sized, unsecured loans is rising in India, and fintech companies with their high customer reach and convenience have “cracked the model,” Vipin V., managing director and partner at BCG, told CNBC.

As the footprint of digital payments and services has increased, more data is now available on customers that can be used to weigh the risk of lending to previously underserved customers, he said.

Transaction data from UPI, purchase history from e-commerce websites, and geolocation data that assess the economic profile of the locality of the customer are helping fintechs conduct online due diligence for these digital loans, he said.

Small business loans

On Tuesday, during his speech at the Global Fintech Fest, Indian Prime Minister Narendra Modi urged fintech companies to increase the “share of non‑payment transactions,” with the same speed and scale they had shown with payments.

He underscored that providing access to capital and credit to micro and small enterprises would increase the country’s economic activity.

Amazon Pay, which has access to millions of sellers and consumers via its e-commerce platform, sees digital lending as a big opportunity in India. It currently has over 10 million customers in India who are using its “pay later” services.

“Digital credit presents a massive fintech opportunity,” Vikas Bansal, chief executive officer of Amazon Pay, told CNBC, adding that the company plans to expand “friction-free consumer credit” across its ecosystem.

Smaller cities in India such as Coimbatore, Surat, Nagpur, Indore, Prayagraj, Ranchi, Ghaziabad and Ludhiana were the “strongest centers of digital credit adoption,” as per a study released by Amazon Pay on Thursday.

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.

By CNBC

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Snoqualmie Casino & Hotel Earns Monterey Bay Aquarium Seafood Watch Best Choice Recognition https://thegbm.com/snoqualmie-casino-hotel-earns-monterey-bay-aquarium-seafood-watch-best-choice-recognition/ https://thegbm.com/snoqualmie-casino-hotel-earns-monterey-bay-aquarium-seafood-watch-best-choice-recognition/#respond Thu, 10 Sep 2026 22:05:00 +0000 https://thegbm.com/snoqualmie-casino-hotel-earns-monterey-bay-aquarium-seafood-watch-best-choice-recognition

Ora King Salmon

Ora King Salmon at Vista Prime Steaks & Seafood
Ora King Salmon at Vista Prime Steaks & Seafood

SNOQUALMIE, Wash., Sept. 10, 2026 (GLOBE NEWSWIRE) — Snoqualmie Casino & Hotel announced today that it has earned recognition through the Monterey Bay Aquarium Seafood Watch Best Choice restaurant program, becoming the first casino property nationwide to participate in the program and only the second company in Washington state authorized to display the Seafood Watch seal.

The recognition reflects Snoqualmie Casino & Hotel’s commitment to responsible sourcing and elevated dining experiences, with Vista Prime Steaks & Seafood serving as a primary showcase for seafood selections that meet Seafood Watch standards.

Qualifying selections at Vista Prime Steaks & Seafood include Chef Creek Oysters from Stellar Bay, British Columbia, raised using bottom-culture methods; Littleneck Clams from Chesapeake Bay, U.S.A., cultivated using off-bottom methods; and Ōra King Salmon from New Zealand, raised in marine net pens.

For more than 20 years, Monterey Bay Aquarium Seafood Watch has served as a leading resource for sustainable seafood guidance, helping restaurants and consumers make informed decisions about seafood that is responsibly sourced, farmed and harvested.

The recognition builds on Snoqualmie Casino & Hotel’s continued focus on premium dining and thoughtful sourcing. Vista Prime Steaks & Seafood offers a refined steak and seafood experience featuring high-quality ingredients in an elevated setting.

Snoqualmie Casino & Hotel is Seattle’s closest casino and was recently awarded the prestigious AAA Four Diamond designation.

About Snoqualmie Casino & Hotel: Located just 30 minutes from Downtown Seattle, Snoqualmie Casino & Hotel is a AAA Four Diamond entertainment destination surrounded by sweeping Snoqualmie Valley views. The property, a newly appointed AAA Four Diamond resort, features 210 luxury hotel rooms and suites, MoonRise Spa, Washington’s first sportsbook, over 1,700 slot machines, 58 table games, six distinct dining experiences, a cigar lounge, Hawks Peak Sports Bar & Grill, and a 2,000-seat entertainment and convention venue. Blending elevated hospitality, dynamic gaming, national entertainment, and approachable luxury, Snoqualmie Casino & Hotel offers a complete casino resort experience. For more information, visit snocasino.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cea02f70-ceaa-4ebb-ac60-fd7effc00deb

CONTACT: Contact: Amanda Beltran PR & Advertising Strategist abeltran@snocasino.com

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Fox ESS launches AirGate in Australia, simplifying whole-home backup https://thegbm.com/fox-ess-launches-airgate-in-australia-simplifying-whole-home-backup/ https://thegbm.com/fox-ess-launches-airgate-in-australia-simplifying-whole-home-backup/#respond Thu, 10 Sep 2026 22:00:00 +0000 https://thegbm.com/fox-ess-launches-airgate-in-australia-simplifying-whole-home-backup

Fox ESS Launches AirGate

Fox ESS AirGate is available now
Fox ESS AirGate is available now

SYDNEY, Sept. 10, 2026 (GLOBE NEWSWIRE) — Recently, Fox ESS, a global leader in renewable energy solutions, has launched AirGate in Australia, a compact 5-in-1 whole-home backup solution designed to simplify installation, reduce wiring and commissioning complexity, and help cut costs for Australian households.

AirGate has been developed by Fox ESS engineers drawing on proven experience from international markets, where reliable backup is essential, alongside insights gained from Australian installers supporting increasingly complex home energy systems.

With Australia surpassing 500,000 home battery installations since the Cheaper Home Battery Program began, demand for reliable, value-driven backup is growing, yet installation can still be complex for installers:

  • More wiring and components than necessary, increasing labour time and cost
  • Time-consuming configuration during commissioning
  • Switchboard space constraints, especially in compact environments
  • Difficulty achieving straightforward, whole-home backup without added complexity

AirGate is designed specifically to reduce those friction points, delivering a cleaner installation path and better overall value for homeowners.

Stronger whole-home backup

AirGate provides whole-home backup of up to 63A, supporting up to 14.5 kW (single-phase) or 43.5 kW (three-phase). Its compact DIN-rail design uses four poles for single-phase and six poles for three-phase installations, helping streamline switchboard planning.

Less wiring, easier installation

AirGate integrates five essential functions into a single compact unit: MCB, changeover switch, metering, bypass switch and CT. By reducing the number of components and simplifying the system layout, AirGate can support at least 50% less wiring, which help reduce installation costs.

Based on feedback shared by Australian installers, reducing wiring for whole-home backup can save customers up to AUD $3,000 in installation costs, depending on the distance between the inverter and the switchboard.

Smarter commissioning and operations

AirGate includes integrated 6-CT self-adaptive metering with AI Phase Self-Adaptation, designed to help identify electrical connection status and reduce manual configuration during installation and commissioning.

In addition, an optional wireless gateway will be available soon, helping make system commissioning simpler and reducing the need for communication wiring.

“AirGate is the result of listening to the market and addressing the challenges installers and homeowners experience every day,” said Leo Ye, Product & Services Director, Fox ESS Australia. “We wanted to move beyond simply adding more technology and instead deliver a solution that makes energy systems genuinely simpler.”

Learn more: https://au.fox-ess.com/products/accessories/77

Yolanda Chen 
chenfanglin@fox-ess.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9c291418-635a-41df-8927-bd39b4241715

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Taste of Fall: Four Iconic Bites You Can Only Fall in Love with in Hanoi https://thegbm.com/taste-of-fall-four-iconic-bites-you-can-only-fall-in-love-with-in-hanoi/ Thu, 10 Sep 2026 16:03:28 +0000 https://thegbm.com/taste-of-fall-four-iconic-bites-you-can-only-fall-in-love-with-in-hanoi Early autumn sunlight still lingers over Hanoi, but local palates already welcome the new season with refreshing rolled pho, sweet-and-sour beef jerky salad, golden ripe dracontomelon, and delicate green rice flakes paired with ripe bananas.

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No culinary guide to autumn in Hanoi is complete without ripe dracontomelon (sấu chín). Street vendors carry bamboo trays laden with this golden fruit through the Old Quarter from late summer into early fall. While sour green dracontomelon stars in duck stews and sour soups, the ripe variety turns mellow and sweet, transforming into an addictive street-side snack.

Vendors peel the firm, golden fruit and carve it into a spiral pattern. Eaten fresh with chili salt, each bite delivers a mild sweetness layered with a tart punch and a prickle of heat. This balance makes ripe dracontomelon one of the capital’s most craved seasonal treats.

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Starting in September, as summer heat fades, locals begin harvesting and processing young sticky rice into cốm (green rice flakes). Street vendors carrying baskets of fragrant green rice reappear along tree-lined boulevards. Sellers carefully wrap each portion in fresh lotus leaves to seal in the earthy, delicate aroma.

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Rolled pho (phở cuốn) offers a light, refreshing bite tailored for Hanoi’s crisp transitional weather.

The dish charms diners by borrowing the refined aesthetic of classic steamed rice rolls (bánh cuốn). Yet rolled pho stands out with its thicker, chewier sheets of uncut rice noodles, rolled tightly around stir-fried savory beef and fresh herbs—a hearty profile traditional rice rolls simply lack.

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Dried beef salad (nộm bò khô) is another autumn staple deeply tied to Hanoi’s Old Quarter. The combination of shredded green papaya, chewy sweet-and-savory beef jerky, toasted peanuts, and fresh herbs tossed in a balanced fish-sauce dressing creates an appetizing dish that tempts travelers at first glance.


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Source: Vietnam Insider

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