{
}
Huawei has emerged as the leader in the Russian foldable smartphone market, capturing 42% of unit sales and 51% of revenue in the first four months of the year. Samsung follows with 30% in unit sales and 29% in revenue, while Tecno holds 12% and 7%, respectively.
Oil prices rose as US-China trade talks continued, with Brent crude reaching $67.26 a barrel and West Texas Intermediate at $65.47. The discussions aim to ease trade tensions, potentially boosting fuel demand, while OPEC's output increase and Iran's nuclear negotiations pose risks to global supply.
Abu Dhabi's luxury real estate market is thriving in 2025, with property sales exceeding Dh6.3 billion in the first four months, driven by a surge in branded residences and a 158% increase in super-luxury resales. Key hotspots like Saadiyat Island and Yas Island are attracting a diverse range of buyers, including end-users and international investors, as the city unveils 25 new branded projects, enhancing its appeal as a premier destination for upscale living.
Iurii Gugnin, a 38-year-old Russian national, has been charged with a $500 million money laundering scheme involving cryptocurrency firms he founded. Allegedly processing over $530 million in payments, he used stablecoin tether to obscure fund origins and falsified compliance documents, with clients linked to sanctioned Russian entities. Arrested on June 9, 2025, Gugnin faces a 22-count indictment, including wire fraud and money laundering, while being held without bail.
The U.S. Department of Justice has filed a civil forfeiture complaint to seize over $7.7 million in cryptocurrency and digital assets linked to a North Korean laundering operation involving IT workers using false identities to infiltrate tech firms globally. The scheme, directed by North Korea's Foreign Trade Bank and Ministry of Defense, utilized advanced techniques like chain hopping and privacy-enhancing technologies to obscure the origins of funds, which were ultimately funneled to sanctioned entities. Key figures in the operation have been designated by the Office of Foreign Assets Control for their roles in financing prohibited activities.
A multi-billion-dollar AI data center hub in the UAE, backed by Emirati firm G42 and major tech companies, faces security challenges amid US concerns over ties with China. Despite removing Chinese hardware, issues like AI chip smuggling persist, complicating the UAE's strategic balancing act between American and Chinese technology. The project aims to significantly contribute to the UAE's non-oil GDP by 2031, reflecting a shift from oil dependency to digital infrastructure leadership.
AML Company has uncovered $15 million in reserves belonging to Garantex. This significant find highlights ongoing efforts to enhance transparency and compliance within the financial sector. The discovery may have implications for regulatory scrutiny and the future operations of Garantex.
Russian billionaire Alexey Mordashov has stated that creating a domestic alternative to SAP software is both costly and time-consuming, yet crucial for survival. SAP, which has become Europe's largest company by market capitalization, has been integral to major Russian firms like Aeroflot and Russian Railways.
Japanese startup Ispace is set to attempt a lunar landing with its Resilience lander on June 6, 2025, targeting Mare Frigoris. This mission follows a previous failure in April 2023 and carries multiple payloads, including the Tenacious microrover developed with the European Space Agency. If successful, it will mark the first European-built rover to land on the moon, highlighting the shift towards private lunar exploration and the emerging cislunar economy.
OPEC+ will increase oil production by 411,000 barrels per day in July 2025, following a virtual meeting of eight member countries. This decision is part of a gradual rollback of voluntary supply cuts initiated in 2023, driven by stable economic growth and low inventories. The group will continue to monitor market conditions and adjust production levels as necessary, with the next meeting set for July 6, 2025.
RUS
Country
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Huawei Dominates Russian Foldable Smartphone Market in Early 2023
10:58 10.06.2025
oil prices rise amid us china trade talks and opec supply concerns
10:50 10.06.2025
Abu Dhabi emerges as top luxury real estate destination in 2025
09:11 10.06.2025
crypto founder charged in massive money laundering scheme using stablecoins
05:53 10.06.2025
us seizes 7.7 million in cryptocurrency linked to north korean cyber scam
16:33 09.06.2025
UAE AI hub faces security hurdles amid US-China technology tensions
05:00 08.06.2025
aml company discovers 15 million dollars in garantex reserves
21:08 05.06.2025
Russian billionaire highlights challenges of replacing SAP software for survival
20:20 03.06.2025
Japanese startup Ispace aims for historic lunar landing with Resilience lander
08:40 03.06.2025
OPEC Plus to increase oil output by 411000 barrels per day in July
07:38 02.06.2025
Trending
Subcategory
Corporate News
Industry Trends
AI Innovations
Startups & Entrepreneurship
Emerging Startups
Funding Rounds & Investments
Fintech Startups
Venture Capital Investments
Private Equity Deals
Economic Indicators
Retail and Consumer Goods
Cryptocurrency Trends
Product Launches
Cybersecurity Innovations & Tech
Global Trade Developments
Market Analysis and Predictions
Industry Mergers & Acquisitions
AI Applications
Crypto Adoption and Integration
Energy Sector Developments
Countries:
Companies:
Huawei Technologies CO. Ltd.
NVIDIA Corporation
Nvidia Corporation
Apple Inc.
Google Inc.
Microsoft Corporation
XPeng Inc.
SWIGGY LIMITED
Vecmocon Technologies Ltd.
Emaar Properties PJSC
Deyaar Development PJSC
Maverick Ventures (Israel) 1.5 GP Ltd.
SuperSeed B.V.
Microsoft Corporation Corp.
Toyota Motor Corporation
Berner Kantonalbank AG
Amazon.com Inc.
Medius Holdings Co., Ltd.
SITC International Holdings Company Limited
Firefly AB (publ)
Currencies:
United States Dollar
Indian Rupee
Euro
Chinese Yuan
Swiss Franc
British Pound Sterling
South African Rand
Filipino Peso
Japanese Yen
Norwegian Krone
Offshore Chinese Yuan
People: