Global Business Magazine https://thegbm.com Business news, opinion, reviews, interviews Fri, 23 May 2025 02:13:51 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.1 https://thegbm.com/wp-content/uploads/2021/07/Bizmag-logo.png Global Business Magazine https://thegbm.com 32 32 195744517 Moscow Metro Celebrates 90 Years of Mobility and Modernization https://thegbm.com/moscow-metro-celebrates-90-years-of-mobility-and-modernization-2/ Fri, 23 May 2025 02:13:51 +0000 https://thegbm.com/moscow-metro-celebrates-90-years-of-mobility-and-modernization-2

Established in 1935, the Moscow Metro has grown into one of the world’s largest urban transit networks, spanning over 550 kilometers and serving more than 8 million passengers daily. Its 90th anniversary is marked by historical exhibitions and continued advancements in digital transport technology.

Moscow – The Moscow Metro has reached its 90th year of operation, marking a significant milestone for one of the world’s largest and longest-running urban transit systems. Since its inauguration in 1935, the system has expanded to cover over 550 kilometers of track, with 302 stations, serving an average of 8 million passenger trips per weekday.

Maksim Liksutov, Deputy Mayor of Moscow for Transport and Industry, said, “The opening of the Metro in 1935 was a historic event for our capital and the entire country. Even then, decades ago, the workers and builders set the highest standards for passenger service. Today, in line with the goals set by Moscow Mayor Sergey Sobyanin, we continue to uphold that standard. More than 65,000 people are currently employed by the Moscow Metro. They not only help serve millions of passengers every day, but also work hard to earn the continued trust of Muscovites, so that each journey leaves a positive impression. I want to thank every employee for their dedication and wish them continued success.”

Initially launched with a single line spanning 11.5 kilometers and 13 stations, the Moscow Metro has expanded steadily over the past nine decades. In 2024 alone, the system transported 2.7 billion passengers.

Modernization has been a continuous process. Today, more than 75% of trains are newly developed models equipped with features such as automated speed control, open gangways, and updated safety systems. These advancements enable high-frequency operations, with intervals as short as 90 seconds during peak hours.

The system has also implemented digital ticketing solutions, including smart cards, virtual ticket options, and biometric payments, now used in the majority of daily trips. These technologies aim to streamline passenger flow and improve accessibility.

To mark the anniversary, a series of events and exhibitions were organized in the city, highlighting both the history and evolution of the metro system. Public displays featured restored early-generation trains and archival materials documenting the network’s development.

As one of the world’s most heavily used metro systems, the Moscow Metro continues to play a central role in urban transportation, reflecting broader trends in infrastructure investment, technological integration, and mass transit development over the past century.

Media Contact:

Press Office
State Unitary Enterprise Moscow Metro
Email: PanovAA3@transport.mos.ru

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iHerb Introduces California Gold Nutrition® BEAUTY https://thegbm.com/iherb-introduces-california-gold-nutrition-beauty/ https://thegbm.com/iherb-introduces-california-gold-nutrition-beauty/#respond Thu, 22 May 2025 23:53:00 +0000 https://thegbm.com/iherb-introduces-california-gold-nutrition-beauty New Products Expand iHerb’s Leading House Brand to Offer a Holistic Approach to Beauty and Self-Care

IRVINE, Calif., May 23, 2025 (GLOBE NEWSWIRE) — iHerb, a leading global destination for health and wellness, proudly announces the launch of California Gold Nutrition® BEAUTY, a new holistic self-care line made with premium ingredients that promote wellness from the inside out. The brand makes its debut with a targeted collection of hair multivitamins and clean, performance-driven hair care essentials designed to support strong, healthy hair. 

As iHerb’s largest and most trusted house brand, California Gold Nutrition now extends its legacy into beauty, bath and personal care at a time when the beauty industry is experiencing significant growth and is projected to reach $1 trillion globally in 2025.* This new line reflects a 360-degree “beauty from within” philosophy, combining internal support through expertly formulated supplements with topical care powered by high-quality, clean ingredients.

“The launch of California Gold Nutrition BEAUTY represents a major step in advancing one of iHerb’s strategic priorities to continually enhance our product selection,” said Lindsey Wiefels, SVP of Merchandising at iHerb. “This line offers a luxurious yet affordable way for consumers worldwide to embrace a personal care routine rooted in health—starting with strong, vibrant hair supported from the inside out.”

Over the coming months, the California Gold Nutrition BEAUTY line will expand to include Skin and Body collections—featuring collagen-rich serums, moisturizers, soothing balms, energizing drink powders, and more—further empowering customers to build holistic self-care routines.

Premium Multivitamins to Support Hair Health

The launch includes specialized Hair Multivitamins for Women and Men, developed in collaboration with Dr. Michael T. Murray, iHerb’s Chief Scientific Advisor. Launching at a suggested retail price of approximately $34 for 120 veggie capsules, each comprehensive formula features vitamins, minerals and essential nutrients including high-potency biotin, plus a Hair Dermal Complex with mixed tocotrienols, phytosterols, ceramides, and botanical extracts—carefully selected to nourish hair follicles.**

  • Women’s Hair Multivitamin – Tailored for comprehensive support, this specially-formulated multivitamin empowers women to embrace fuller, longer and healthier hair.
  • Men’s Hair Multivitamin – Offers men a plant-powered alternative made with essential vitamins and minerals to support hair vitality and growth.

“At iHerb, we understand that true beauty begins at the cellular level. With the California Gold Nutrition BEAUTY line, we’ve combined high-potency biotin with nature’s most effective botanicals to support hair health,” said Dr. Murray. “These formulas are designed to deliver positive results without compromising on safety or purity. Our goal is to empower individuals to feel confident in their natural beauty—nourished, resilient, and radiant.”

Dr. Michael Murray, a globally recognized authority on natural medicine, recently contributed an in-depth, evidence-based article to the iHerb Wellness Hub, exploring the science behind essential vitamins and supplements that support natural hair growth solutions.

Botanically-Infused Hair Care Collection

Complementing the Hair Multivitamins is a signature topical hair care collection, infused with an invigorating rosemary and mint scent for a refreshing daily ritual. Each formula is cruelty-free and made without parabens, sulfates, paraffins, mineral oils, or DEA compounds. With each item accessibly priced at $10 suggested retail price, the collection includes:

  • Strengthening Shampoo – Cleanses and revitalizes with biotin and nourishing coconut and babassu oils, offering a rich lather and enhanced shine.
  • Strengthening Hair Masque – A weekly intensive treatment enriched with rosemary, sesame oil, biotin, honey, and coconut oil for deep nourishment and renewal.
  • Strengthening Hair & Scalp Oil – A silky, fast-absorbing formula that soothes the scalp and boosts hair radiance, with refreshing notes of tea tree and mint.

For product images for use in media stories, visit https://brandfolder.com/iherb/pressassets

About iHerb:

iHerb is one of the world’s leading online retailers dedicated to offering an unbeatable selection of vitamins, minerals, supplements and other health and wellness products, including sports nutrition, beauty, bath and personal care, grocery, baby and pet care from over 1,800 reputable brands. Supported by a global workforce of 3,000 team members, iHerb serves nearly 13 million global customers across 180 countries and 22 languages.

CONTACT: Media Relations: press@iherb.com

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Entertainment Without Borders: AI-Media and Lightning International Join Forces to Make FAST Channels Accessible to Everyone https://thegbm.com/entertainment-without-borders-ai-media-and-lightning-international-join-forces-to-make-fast-channels-accessible-to-everyone/ https://thegbm.com/entertainment-without-borders-ai-media-and-lightning-international-join-forces-to-make-fast-channels-accessible-to-everyone/#respond Thu, 22 May 2025 23:45:00 +0000 https://thegbm.com/entertainment-without-borders-ai-media-and-lightning-international-join-forces-to-make-fast-channels-accessible-to-everyone

AI-Media and Lightning International Partnership

AI-Media and Lightning International Join Forces to Make FAST Channels Accessible to Everyone
AI-Media and Lightning International Join Forces to Make FAST Channels Accessible to Everyone

SYDNEY and HONG KONG, May 22, 2025 (GLOBE NEWSWIRE) — AI-Media Technologies Limited (“AI-Media”), a global leader in live captioning and translation solutions, has entered a groundbreaking partnership with Lightning International (“Lightning”), the leading distributor of Free Ad-Supported Television (FAST) channels. This collaboration aims to break down barriers and bring the joy of entertainment to every corner of the globe, and enhance revenue opportunities for FAST platforms and content owners, transforming how premium content is distributed and monetized across diverse markets.

Solving Accessibility and Localization Challenges

Imagine viewers in Germany – or anywhere in the world – accessing the latest news in real time, with no language barriers. This partnership addresses key challenges for FAST platforms: delivering premium, localized content to a global audience and increasing accessibility for all viewers from heart-pounding action movies to the latest chart-topping music, and even adorable pets. Leveraging AI-Media’s LEXI and LEXI Translate solutions, content is localized in real-time with live-translated captions burned directly into the feed, making it accessible in over 50 languages.

For example, a channel previously limited to English-speaking markets, can now reach fans worldwide by offering live-translated captions in French, German, Italian, Japanese, and more. This opens new distribution channels, expands viewership, and enables content monetization in previously inaccessible markets.

Tony Abrahams, CEO of AI-Media, said “This partnership with Lightning International is a game-changer for the FAST industry. By making premium content accessible and localized in real-time, we are helping platforms grow audiences and increase revenue while making global content truly inclusive.”

Transformative Benefits for FAST Platforms and Content Owners

  • Increased Engagement and Viewership: Captions enhance engagement, driving repeat viewership and longer watch times—a key factor for increasing ad opportunities on FAST platforms.
  • Greater Accessibility: AI-Media’s solutions not only benefit the d/Deaf and hard-of-hearing communities but also cater to the growing demand for captions among millennial and Gen Z viewers, 87% of whom find captions useful for watching video content.
  • New Revenue Streams: By breaking down language barriers, this partnership enables content owners to reach new markets, driving higher audience numbers and ad revenue.
  • Cost-Effective Localization: Traditional live translation methods are expensive and resource intensive. AI-Media’s AI-powered solutions deliver scalable, real-time localization at a fraction of the cost, with less latency and greater reliability.

How It Works

AI-Media’s Alta and LEXI Translate solutions provide real-time transcription and translation. Captions are seamlessly integrated into the linear channel feed, which is then delivered to FAST platforms via Lightning International’s content delivery services based in Hong Kong. This approach ensures a streamlined workflow that is cost-effective, scalable, and reliable.

James Ross, CEO of Lightning International, commented “We are excited to collaborate with AI-Media. With this partnership, we are setting a new standard for localisation in the FAST industry, enabling us to unlock new markets, making it possible for every viewer to enjoy our diverse content without any language barriers.”

The future of FAST TV localisation is brighter than ever with the launch of LEXI Voice at NAB. This breakthrough in AI dubbing empowers broadcasters and content owners to deliver real-time alternate-language audio tracks—enhancing accessibility for the visually impaired and offering global audiences a more immersive, native-language experience.

About AI-Media

Founded in Australia in 2003, AI-Media (ASX: AIM) is a global leader in AI-powered live voice translation, captioning, and language accessibility solutions. AI-Media’s latest innovation, LEXI Voice, transforms how global audiences engage with live content – providing real-time, multilingual voice translations built on the industry-leading accuracy of its LEXI captions. Designed for broadcasters, enterprises, and event producers, LEXI Voice opens new revenue streams and audience reach by making live content instantly accessible in multiple languages. Trusted in 25+ countries, AI-Media’s end-to-end ecosystem – including iCap, Alta, Encoder Pro and the LEXI Toolkitdelivers unmatched automation, precision, and scalability. With a proven record of replacing legacy human workflows, AI-Media empowers the world’s top organisations to deliver accessible, inclusive experiences at scale.

About Lightning International
Lightning International is a content solutions company with a focus on creating and distributing TV Channels, programmes, and formats. Based in Hong Kong and the UK since 2011, Lightning further strengthened its capabilities by joining the AsiaSat family in 2023, and distributes a package of 15+ FAST channels which are already carried on numerous platforms around the world. These channels are fully curated by Lightning to broadcast standards and are available in Asia and worldwide. They include channels such as Action Hollywood Movies, Concerto TV, Docsville, NOW 70s, NOW 80s, Now 90s00s, NOW Rock, Pet Club TV, Pulse, RCM, TRACE Urban, TRACE Sport Stars, NewsWorld, Globetrotter, and our latest additions 24/7 SAMURAI-SHINOBI and hi Life! Additionally, the company licenses a full catalogue of programming, both as finished shows and formats. http://www.lightninginternational.net

Media Contact:
Fiona Habben
Head of Global Marketing
Fiona.habben@ai-media.tv

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/201bd6ac-b226-4036-b19d-a4f14b2d8907

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CNBC’s Inside India newsletter: Why Make-in-India isn’t a guaranteed success despite U.S. tariffs on China https://thegbm.com/cnbcs-inside-india-newsletter-why-make-in-india-isnt-a-guaranteed-success-despite-u-s-tariffs-on-china/ Thu, 22 May 2025 16:34:07 +0000 https://thegbm.com/cnbcs-inside-india-newsletter-why-make-in-india-isnt-a-guaranteed-success-despite-u-s-tariffs-on-china

Workers assemble electronic devices in China in 2016.
Bloomberg | Bloomberg | Getty Images

This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here.

Each weekday, CNBC’s “Inside India” news show gives you news and market commentary on the emerging powerhouse businesses, and the people behind its rise. Livestream the show on YouTube and catch highlights here

SHOWTIMES:

U.S.: Sunday-Thursday, 23:00-0000 ET
Asia: Monday-Friday, 11:00-12:00 SIN/HK, 08:30-09:30 India 
Europe: Monday-Friday, 0500-06:00 CET

The big story

U.S. President Donald Trump has never been the one to hold back an opinion.

“I had a little problem with Tim Cook yesterday,” Trump said on a trip to Qatar last week, referring to a conversation he had with Apple’s chief executive about the company’s decision to move iPhone manufacturing from China to India, rather than the United States.

“I don’t want you building in India,” Trump said he told Cook, after news emerged of Apple’s decision to ramp up production in India with the aim of making around 25% of global iPhones in the country in the next few years, and reduce reliance on China, where around 90% of its flagship smartphone is currently assembled.

While India has certainly emerged as a significant, albeit nascent, hub for electronics assembly, the path to it becoming a clear-cut alternative to China isn’t a guaranteed outcome, despite U.S. tariffs on Chinese goods.

Geopolitical upheavals appear to be one of the many such hurdles for India, as well as businesses eyeing the country.

For Apple, moving manufacturing to the United States, instead of India, from China still remains within the realm of possibilities, even if improbable for the company.

If Apple were to move final assembly to the United States, iPhone costs could increase by 25% due to higher U.S. labor costs, according to analysts from Bank of America. However, that assumes subcomponents, like cameras, are still partly assembled outside the U.S.

To put that into context, the base model for iPhone 16 Pro Max costs $1,199 to buy outright, with $125.90 added in local taxes in Louisiana, for instance. Final assembly and testing in the U.S. would simply add $160 to the consumer’s bill.

Meanwhile, the jobs at stake are performed by 1.4 million people employed by Apple’s suppliers overseas.

Could Trump and his backers believe that the additional costs might be worth paying if many thousands of jobs are created in the U.S.?

“If Apple does move final assembly to the U.S., it would need tariff waivers on components/sub-assemblies manufactured globally to make the manufacturing shifts viable,” BofA’s Wamsi Mohan said in a note to clients.

While technically possible, Mohan views moving the entire iPhone supply chain to the U.S. as a “much bigger undertaking” that would “likely take many years, if even possible,” and does not expect near-term manufacturing shifts to the U.S. unless tariff policies become permanent.

The core challenge for India extends beyond just attracting companies.

“Supply chain and manufacturing, these things take a long time to establish,” said Nick McConway, head of Asia ex-Japan equity at Amundi Asset Management. “We saw that with Vietnam, who had to put huge investment into infrastructure. The lights have to stay on, the roads have to be there, the trucks have to get there in time.”

“I think India is only at the very early stage of developing these types of globally facing manufacturing capacities,” McConway added.

The fund manager also highlighted that while labor costs can be low in India, it doesn’t mean savings for companies moving their manufacturing base to India.

“While your labour costs can be low, your unit labour cost is not because the productivity is no good,” McConway said.

Meanwhile, for the U.S., this productivity gap can offset the advantages of cheaper labor, making it difficult for India to compete effectively on a global scale for high-value manufacturing. Apple has also made significant progress in automating several roles in its final assembly line, reducing the number of people required by more than 50% since the process began.

And even if India wins a larger share of Apple’s iPhone assembly business, the benefits for the country are likely to be minimal, according to one analyst.

“Today, India earns just $30 per iPhone, much of which is given back to Apple as subsidy under the [Production Linked Incentive] scheme,” said Ajay Srivastava, founder of think tank Global Trade Research Initiative.

Srivastava, a former trade negotiator for India, took a protectionist approach and suggested that New Delhi’s reduction of tariffs on smartphone components at the behest of Apple could hurt domestic efforts to build a local component ecosystem.

“If Apple’s assembly moves out, India will be forced to stop propping up shallow assembly lines and instead invest in deeper manufacturing—chips, displays, batteries, and beyond.”

In the end, it might not even be Trump’s push to reshore manufacturing back to the U.S. that devoid India of foreign investment. The country might just have work harder to attract investors.

— CNBC’s Michael Bloom and Arjun Kharpal contributed reporting.

Need to know

India’s market is one of the best long-term plays, analysts say. As the “sell U.S.” narrative picks up steam amid U.S. tariff turbulence and concerns over the country’s mounting fiscal deficit, emerging markets have gained traction as an attractive alternative for investors. Among emerging markets, Malcolm Dorson, head of the active investment team at Global X ETFs, believes India offers the best longterm growth play, a sentiment echoed by Mohit Mirpuri, equity fund manager at SGMC Capital, who said that theme is anchored in India’s domestic demand.

India is hoping for a full exemption from the U.S.’ “reciprocal” tariffs. The duties on the South Asian country come in at 26%, and officials are seeking to strike a deal with the U.S. to do away with the tariffs completely, according to CNBC TV18. However, India is reluctant to let goods like agriculture and dairy be imported, which is likely proving to be a roadblock in the negotiations, said former Indian Ambassador to the World Trade Organisation Jayant Dasgupta. That said, India’s large domestic economy and low dependence on imports could shield it from the impact of tariffs, according to a Moody’s Ratings report released May 21.

Britain and the U.S. are working together to preserve the India-Pakistan ceasefire. “Confidence-building measures” and dialogues are on the table, U.K. Foreign Minister David Lammy said on Saturday. India on May 6 said its armed forces had conducted strikes against Pakistan and what it calls Pakistan-occupied Jammu and Kashmir, targeting “terrorist infrastructure.” The operation follows a militant attack last month in Pahalgam, Jammu and Kashmir, in which 26 people were killed.

Yeo Boon Ping

What happened in the markets?

Indian stocks have declined over the past week by more than 1.5% so far. The Nifty 50 index has risen by 3.65% this year.

The benchmark 10-year Indian government bond yield has ticked slightly lower to 6.22%, down by 2 basis points over the past week.

Stock Chart IconStock chart icon

hide content

On CNBC TV this week, Lavina Quadros, managing director of equities research at Jefferies India, said India’s defense sector has “come a long way” in the last ten years, since the government pushed to reduce such imports to 30% from 70%. Investor confidence in Indian defense firms has also been boosted because domestic air defense systems, for instance, have successfully intercepted foreign drones. But execution of orders remains a key concern for investors.

Meanwhile, Sanjeev Sanyal, a member of the Indian Prime Minister’s Economic Advisory Council, noted that the global supply chain will likely look different by 2030 — and India intends to play a key role in it. The country is already “a very important part of the global services supply chain,” a fact neglected by many, and will now focus on efforts in manufacturing, especially in the electronics and metals, Sanyal added. Even if the U.S. wants to reindustrialize itself, the country will still have to rely on others for materials, and that presents an opportunity for India, Sanyal said.

Yeo Boon Ping

What’s happening next week?

Borana Weaves, a fabric producer, lists on the Indian stock market Tuesday, followed by automotives part manufacturer Belrise Industries on Wednesday.

May 27: Borana Weaves IPO

May 28: Belrise Industries IPO, India industrial and manufacturing production for April

May 29: U.S. Federal Open Market Committee minutes for May meeting

Yeo Boon Ping

By CNBC

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Moscow Metro Celebrates 90 Years of Mobility and Modernization https://thegbm.com/moscow-metro-celebrates-90-years-of-mobility-and-modernization/ https://thegbm.com/moscow-metro-celebrates-90-years-of-mobility-and-modernization/#respond Thu, 22 May 2025 12:09:57 +0000 https://thegbm.com/moscow-metro-celebrates-90-years-of-mobility-and-modernization

Established in 1935, the Moscow Metro has grown into one of the world’s largest urban transit networks, spanning over 550 kilometers and serving more than 8 million passengers daily. Its 90th anniversary is marked by historical exhibitions and continued advancements in digital transport technology.

Moscow – The Moscow Metro has reached its 90th year of operation, marking a significant milestone for one of the world’s largest and longest-running urban transit systems. Since its inauguration in 1935, the system has expanded to cover over 550 kilometers of track, with 302 stations, serving an average of 8 million passenger trips per weekday.

Maksim Liksutov, Deputy Mayor of Moscow for Transport and Industry, said, “The opening of the Metro in 1935 was a historic event for our capital and the entire country. Even then, decades ago, the workers and builders set the highest standards for passenger service. Today, in line with the goals set by Moscow Mayor Sergey Sobyanin, we continue to uphold that standard. More than 65,000 people are currently employed by the Moscow Metro. They not only help serve millions of passengers every day, but also work hard to earn the continued trust of Muscovites, so that each journey leaves a positive impression. I want to thank every employee for their dedication and wish them continued success.”

Initially launched with a single line spanning 11.5 kilometers and 13 stations, the Moscow Metro has expanded steadily over the past nine decades. In 2024 alone, the system transported 2.7 billion passengers.

Modernization has been a continuous process. Today, more than 75% of trains are newly developed models equipped with features such as automated speed control, open gangways, and updated safety systems. These advancements enable high-frequency operations, with intervals as short as 90 seconds during peak hours.

The system has also implemented digital ticketing solutions, including smart cards, virtual ticket options, and biometric payments, now used in the majority of daily trips. These technologies aim to streamline passenger flow and improve accessibility.

To mark the anniversary, a series of events and exhibitions were organized in the city, highlighting both the history and evolution of the metro system. Public displays featured restored early-generation trains and archival materials documenting the network’s development.

As one of the world’s most heavily used metro systems, the Moscow Metro continues to play a central role in urban transportation, reflecting broader trends in infrastructure investment, technological integration, and mass transit development over the past century.

Media Contact:

Press Office
State Unitary Enterprise Moscow Metro
Email: PanovAA3@transport.mos.ru

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Hong Kong passes stablecoin bill as more governments recognize the digital asset https://thegbm.com/hong-kong-passes-stablecoin-bill-as-more-governments-recognize-the-digital-asset/ Thu, 22 May 2025 11:14:56 +0000 https://thegbm.com/hong-kong-passes-stablecoin-bill-as-more-governments-recognize-the-digital-asset

The Tether (USDT) stablecoin logo.
Costfoto | Nurphoto | Getty Images

Hong Kong passed a stablecoin bill on Wednesday to expand its cryptocurrency licensing regime as more governments recognize the digital asset.

Unlike volatile digital assets like bitcoin, the value of stablecoins is tied to a real-world asset like fiat currencies or commodities like gold.

The new law — focused on fiat-referenced stablecoins — will require stablecoin issuers to obtain a license from the Hong Kong Monetary Authority and comply with a range of requirements, including proper management of asset reserves and segregation of client assets.

It will “enhance Hong Kong’s existing regulatory framework on virtual-asset (VA) activities, thereby fostering financial stability and encourging financial innovation,” the central banking body said. It added that it would conduct further consultations on the detailed regulatory framework.

The Hong Kong government said in a statement that the stablecoins policy is expected to come into effect this year, with “sufficient time” allowed for the industry to understand the requirements.

In 2023, Hong Kong introduced its virtual asset licensing regime, which requires cryptocurrency firms with an official presence in the city to apply for licenses and meet specific standards and requirements to offer digital assets to retail investors in the city. However, the existing policy did not include stablecoins in its purview. 

“Hong Kong’s new stablecoin policy sets a global benchmark by mandating full reserve backing, strict redemption guarantees, and HKMA oversight,” YeFeng Gong, risk and strategy director of HashKey OTC, told CNBC. HashKey OTC is a trading arm of the HashKey Group, which has a licensed crypto platform in Hong Kong.

The policy “ensures institutional-grade reliability for traders while positioning Hong Kong as a leader in compliant digital finance,” he added. 

Crypto adoption and legitimacy

The move from Hong Kong comes just days after the U.S. Senate advanced the GENIUS Act, which would establish the first regulatory framework for issuers of stablecoins if implemented.

A push to regulate stablecoins has been intensifying globally, with other jurisdictions having also implemented their own regulatory frameworks, including the European Union, Singapore, the United Arab Emirates and Japan, blockchain intelligence firm Chainalysis said in a report on Wednesday.

Chengyi Ong, head of Asia-Pacific policy at Chainalysis, told CNBC that the latest regulations are expected to help with crypto adoption and legitimacy. 

“[Stablecoins] form the backbone of the crypto ecosystem, but their stability also opens the door to their use in overcoming frictions dogging traditional finance, such as slow cross-border payments and settlement,” Ong said.

“This potentially transformative utility is what has driven governments around the world, from Europe to Asia, to take steps toward regulatory regimes that will facilitate the emergence of high-quality stablecoins,” she added.

According to Chainalysis, the total market cap of stablecoins is around $232 billion as of this month.

By CNBC

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America First Healthcare Reviews: What Clients Are Saying About Their Coverage https://thegbm.com/america-first-healthcare-reviews-what-clients-are-saying-about-their-coverage/ https://thegbm.com/america-first-healthcare-reviews-what-clients-are-saying-about-their-coverage/#respond Thu, 22 May 2025 10:16:00 +0000 https://thegbm.com/america-first-healthcare-reviews-what-clients-are-saying-about-their-coverage ORLANDO, Fla., May 22, 2025 (GLOBE NEWSWIRE) — Americans praise transparency, compassion, and real savings in a marketplace plagued by confusion and mistrust.

More than ever, they’re turning to private health insurance solutions that prioritize honesty, affordability, and clarity as the U.S. healthcare landscape changes. One Florida-based company, America First Healthcare, is gaining traction for doing just that, and verified reviews from both the Better Business Bureau (BBB) and Trustpilot suggest that clients are noticing the difference.

Founded by entrepreneur Jordan Sarmiento after a personal medical crisis left him with $95,000 in hospital bills, America First Healthcare was built to give Americans a straightforward, trustworthy path to health coverage. Sarmiento says, “I created this company so no one else would have to go through what I did. I used to feel helpless, overwhelmed, and unprotected.”

And according to dozens of clients, that mission is succeeding.

Customers have shared detailed accounts of exceptional service on the Better Business Bureau, where America First Healthcare is BBB-accredited with an A rating. In one verified five-star review, a customer wrote:

“Daniel was extremely helpful and answered every question I had. He thoroughly explained my coverage options and was very pleasant. Would definitely recommend America First Healthcare.” – BBB Verified Reviewer, December 2024

Based on verified reviews, America First Healthcare holds a TrustScore of over four stars with more than 90% positive reviews on Trustpilot. One recent reviewer enjoyed their experience with the company:

I want to extend my sincere appreciation to Alejandro Ustariz for his outstanding service and support in helping me secure excellent dental insurance coverage. From the very beginning, he was knowledgeable, patient, and attentive to my specific needs. He spent ample amount of time to explain all the available options in a clear and understandable way, ensuring I made an informed decision. – Verified Trustpilot Review, May 1 2025

Another client wrote:

“I want to extend my sincere appreciation to Alejandro Ustariz for his outstanding service and support in helping me secure excellent dental insurance coverage. From the very beginning, he was knowledgeable, patient, and attentive to my specific needs. He spent ample amount of time to explain all the available options in a clear and understandable way, ensuring I made an informed decision.” – Verified Trustpilot Review, February 2024

Sarmiento, who founded the company with a belief in small government and free-market healthcare solutions, has made it clear that America First Healthcare’s goal is not just to sell policies, but to rebuild trust in private insurance.

The founder, Sarmiento, says “Our advisors aren’t taught to close deals, they’re taught to care,” said Sarmiento. “We listen before we recommend. We explain without jargon. And we serve people like they matter. Because they do.”

With a growing footprint nationwide and a client base that includes families, small business owners, and independent contractors, the company is quickly becoming a voice for Americans seeking health insurance without the games.

Jordan Sarmiento and America First Healthcare are changing the tone of health insurance, one honest conversation at a time.

ABOUT AMERICA FIRST HEALTHCARE
America First Healthcare is a private health insurance agency headquartered in Orlando, Florida. It is dedicated to helping Americans find honest, affordable healthcare coverage that works for their needs, not against them. Founded in 2021, the company believes in transparency, values-first service, and putting people over profits.

MEDIA CONTACT
Jordan Sarmiento
Founder & CEO, America First Healthcare
Email: info@americafirsthealthcare.com
Address: 7700 Southland Blvd, Orlando, FL 32809
Website: https://americafirsthealthcare.com

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Form 8.3 – [GLOBALDATA PLC – 21 05 2025] – (CGWL) https://thegbm.com/form-8-3-globaldata-plc-21-05-2025-cgwl/ https://thegbm.com/form-8-3-globaldata-plc-21-05-2025-cgwl/#respond Thu, 22 May 2025 10:13:00 +0000 https://thegbm.com/form-8-3-globaldata-plc-21-05-2025-cgwl FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the Takeover Code (the “Code”)

1.        KEY INFORMATION

(a)   Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)
(b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
        The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
N/A
(c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
        Use a separate form for each offeror/offeree
GLOBALDATA PLC
(d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
(e)   Date position held/dealing undertaken:
        For an opening position disclosure, state the latest practicable date prior to the disclosure
21 MAY 2025
(f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
        If it is a cash offer or possible cash offer, state “N/A”
N/A

2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security: 0.01p ORDINARY
  Interests Short positions
Number % Number %
(1)   Relevant securities owned and/or controlled: 11,058,455 1.3711    
(2)   Cash-settled derivatives:

       
(3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
TOTAL: 11,058,455 1.3711    

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b)      Rights to subscribe for new securities (including directors’ and other employee options)

Class of relevant security in relation to which subscription right exists:  
Details, including nature of the rights concerned and relevant percentages:  

3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a)        Purchases and sales

Class of relevant security Purchase/sale

Number of securities Price per unit
0.01p ORDINARY SALE 3,825 190.52p

(b)        Cash-settled derivative transactions

Class of relevant security Product description
e.g. CFD
Nature of dealing
e.g. opening/closing a long/short position, increasing/reducing a long/short position
Number of reference securities Price per unit
NONE        

(c)        Stock-settled derivative transactions (including options)

(i)        Writing, selling, purchasing or varying

Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
e.g. American, European etc.
Expiry date Option money paid/ received per unit
NONE              

(ii)        Exercise

Class of relevant security Product description
e.g. call option
Exercising/ exercised against Number of securities Exercise price per unit

(d)        Other dealings (including subscribing for new securities)

Class of relevant security Nature of dealing
e.g. subscription, conversion
Details Price per unit (if applicable)
NONE      

4.        OTHER INFORMATION

(a)        Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

NONE

(b)        Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
(i)   the voting rights of any relevant securities under any option; or
(ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
If there are no such agreements, arrangements or understandings, state “none”

NONE

(c)        Attachments

Is a Supplemental Form 8 (Open Positions) attached? NO

Date of disclosure: 22 MAY 2025
Contact name: MARK ELLIOTT
Telephone number: 01253 376539

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

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British Tourist Jailed for Theft at Ho Chi Minh City Airport Amid Rising Concerns Over Foreign Crime in Vietnam https://thegbm.com/british-tourist-jailed-for-theft-at-ho-chi-minh-city-airport-amid-rising-concerns-over-foreign-crime-in-vietnam/ Thu, 22 May 2025 04:00:13 +0000 https://thegbm.com/british-tourist-jailed-for-theft-at-ho-chi-minh-city-airport-amid-rising-concerns-over-foreign-crime-in-vietnam

A 31-year-old British tourist has been sentenced to 14 months in prison by the Ho Chi Minh City People’s Court for stealing a bottle of perfume worth VND 5.1 million (US$196) from a duty-free store at Tan Son Nhat International Airport—an incident that has drawn renewed attention to the issue of foreign visitors committing crimes in Vietnam.

According to the court proceedings last week, Ryan James George arrived in Vietnam on May 6, 2024, as part of a regional Southeast Asia trip. On May 17, he was scheduled to fly to Phuket, Thailand, but instead ended up in police custody after stealing a 100 ml bottle of perfume from a duty-free store at the airport.

Reports from Cong Ly and Thanh Nien newspapers reveal that George took advantage of a moment when the shop staff were assisting another customer. He slipped the item into his bag and walked out of the store unnoticed. However, a vigilant staff member quickly noticed the missing item and followed him to the boarding gate. When confronted, George produced the stolen item and handed it back, but it was too late—he had already been reported to airport security, who then turned him over to Tan Binh District police.

George admitted to the crime during questioning and at trial, leading to a swift conviction for theft under Vietnamese criminal law.

A Rising Trend: Foreigners Caught Breaking the Law in Vietnam

While Vietnam continues to welcome millions of foreign tourists each year, incidents involving criminal behavior by visitors have been on the rise—prompting concern from authorities and citizens alike. Cases have ranged from petty theft and fraud to more serious offenses such as drug trafficking and property crimes.

In recent months:

  • Three Indian nationals were placed under investigation in Hanoi for alleged involvement in a string of thefts at high-end hotels.
  • A group of South Korean and Chinese nationals were arrested in Da Nang for operating an illegal online gambling ring.
  • In Ho Chi Minh City, several tourists from Eastern Europe have been linked to sophisticated credit card fraud targeting ATMs.

Vietnamese law enforcement agencies have stepped up surveillance and security, particularly at airports and major tourist hubs, as part of a broader effort to protect public safety and maintain the country’s image as a safe destination.

Legal Consequences for Foreigners in Vietnam

Foreign nationals convicted of crimes in Vietnam face the same legal procedures and sentencing guidelines as Vietnamese citizens, with penalties ranging from fines and deportation to imprisonment depending on the severity of the offense. In cases involving theft, even low-value items can lead to custodial sentences—particularly when crimes occur in public spaces or transport hubs like airports.

Vietnam’s judicial system is known for moving swiftly in such cases, as illustrated by George’s conviction and sentencing within a year of the offense. Following the completion of his prison term, he is expected to be deported and barred from re-entering the country.

A Reminder for Tourists

As Vietnam continues to grow as a top destination in Southeast Asia, tourists are reminded to respect local laws and customs, and understand that even minor infractions can carry serious consequences.

“Vietnam is an incredibly welcoming country,” said a representative from the Vietnam National Administration of Tourism. “But we have zero tolerance for any actions that jeopardize safety or tarnish the hospitality we are known for.”


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Source: Vietnam Insider

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Xpeng shares soar 10% in Hong Kong as Chinese carmaker forecasts upbeat revenue https://thegbm.com/xpeng-shares-soar-10-in-hong-kong-as-chinese-carmaker-forecasts-upbeat-revenue/ Thu, 22 May 2025 03:50:05 +0000 https://thegbm.com/xpeng-shares-soar-10-in-hong-kong-as-chinese-carmaker-forecasts-upbeat-revenue

In this article

Guangzhou-based Xpeng is one of several Chinese electric car companies that’s started to expand overseas.
Feature China | Future Publishing | Getty Images

Chinese electric-vehicle maker Xpeng saw its shares in Hong Kong surge over 10% Thursday following upbeat earnings and stronger-than-expected revenue forecast for the second quarter.

Its shares soared as much as 10.2% to 85.5 Hong Kong dollars ($10.86), and were last trading 7% higher, taking year-to-date gains to 78%.

The Guangzhou-based carmaker’s first-quarter revenue more than doubled from a year earlier, driven by robust sales.

Xpeng said it delivered 94,008 vehicles in the first three months this year, more than four times the sales volume a year earlier.

That improved top line helped narrow its net loss for the first quarter to 664 million yuan, compared to 1.37 billion yuan a year ago, and lifted its gross margin to 15.6% for the quarter from 12.9% a year earlier.

The company is a key player in China’s hypercompetitive EV market, but has struggled to turn a profit amid rising competition and sluggish domestic demand.

Analysts widely expect Xpeng will likely turn profitable in the fourth quarter this year, thanks to its strong sales momentum and pipeline of new models.

The company has launched several new products, including the mass-market brand MONA last August and a renewed flagship model X9, featuring advanced autonomous driving system.

The automaker said it aims to begin mass production of vehicles equipped with Level 3 autonomous driving features in China by year-end, a significant upgrade from the currently more common Level 2 systems.

For the second quarter, Xpeng said it anticipates a revenue of 17.5 billion yuan to 18.7 billion yuan, compared with consensus forecast of 17.2 billion yuan, according to data compiled by LSEG.

It expects to deliver 102,000 and 108,000 of electric cars in the second quarter — a jump of around 237.7% to 257.5% from a year earlier.

That optimistic earning forecast lifted investor sentiment, sending Xpeng’s U.S.-listed shares 13% higher to close at $22.25, powering a year-to-date rally of over 88%. Still, it is well off its record of more than $72 apiece hit in November 2020, according to LSEG data.

Rival BYD has seen shares in Hong Kong surge over 74% so far this year, Li Auto has risen more than 22%, while NIO has lost over 11%.

— CNBC’s Arjun Kharpal contributed to this story.

By CNBC

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