Asia
Automobili Lamborghini, Animoca Brands, and Motorverse team up to launch Fast ForWorld
Automobili Lamborghini, Animoca Brands, and Motorverse have teamed up to launch Fast ForWorld, an upcoming immersive platform that will revolutionize brand engagement through loyalty and gaming interoperability.
OneDegree achieves first operating profit in third quarter
OneDegree Group, a cyber security and insurance group, announced Wednesday that it has reached its first operating profit in the third quarter of 2024, marking a significant milestone for both the group and its insurance arm.
IFC, HSBC Asset Management expand partnership to support sustainability in emerging markets
The International Finance Corporation (IFC), a member of the World Bank Group, and HSBC Asset Management (HSBC AM) have on Wednesday announced an agreement to establish a specialized fund vehicle targeting corporate bond issuers in emerging markets (EM), aiming to increase access to finance and support sustainable growth.
US investment firm BlackRock sees growth in Asian infrastructure on AI boom – report
The surge in electricity demand is outrunning the available power supply in many parts of the world, leading to growing concerns of outages and price increases for the most data center dense regions, Bloomberg reported.
IFC-led consortium to provide up to $400M to PTCL to boost digital connectivity in Pakistan
International Finance Corporation (IFC), alongside other investors, is providing up to $400 million to Pakistan Telecommunication Company (PTCL) to finance its acquisition of Telenor Pakistan Private Limited and Orion Towers Private Limited.
$8 trillion opportunity in sustainable cooling solutions for developing economies, says IFC and UNEP report
The cooling market in developing economies is expected to grow from around $300 billion to at least $600 billion, per year by 2050, according to a report released on Wednesday by the UN Environment Program (UNEP)-led Cool Coalition and International Finance Corporation (IFC).
WeRide partners Uber to launch robotaxis in UAE
China-based autonomous driving technology company WeRide has partnered United States-based mobility and delivery technology platform Uber Technologies, Inc. to bring WeRide’s autonomous vehicles onto the Uber platform, beginning in the United Arab Emirates (UAE).
Himalayan Bank collaborates with Ant International to expand Alipay+ acceptance in Nepal
Alipay+ will be accepted at more than 25,000 local merchants, allowing travellers from 10 countries and regions to enjoy a convenient and cashless experience as they travel across Nepal simply by scanning the MOCO Unified QR Code.
Singapore’s audax Financial Technology and Synpulse establish strategic partnership
This joint solution provides a dual-mode approach to banking infrastructure modernisation, designed to seamlessly coexist alongside the existing infrastructure of incumbent financial institutions.
Pakistan’s BNPL firm Qist Bazaar raises $3.2M Series A from Indus Valley Capital, Gobi Partners
The round was led by Indus Valley Capital, with participation from Gobi Partners.
