{
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Apple Inc. focuses on designing, manufacturing, and marketing computer hardware and music support, with net sales primarily from telephone products (51.4%), followed by peripheral devices (9.5%), computers (7.7%), music support (6.8%), and other services (24.6%). Geographically, sales are distributed as follows: Americas (42.7%), China/Hong Kong/Taiwan (17.1%), Japan (6.4%), Asia/Pacific (7.9%), and Europe/India/Middle East/Africa (25.9%).
South African agri-tech startup Nile has secured ZAR200 million (US$11.3 million) in funding to enhance its digital solutions for farmers across Southern Africa. Founded in 2021, Nile addresses key challenges in food trading, such as price transparency and payment speed, and aims to expand its marketplace and financing options. The investment, led by the Cathay AfricInvest Innovation Fund, will help build a comprehensive digital ecosystem to empower farmers and reduce their risks.
Vastpoint, a South African land management startup, has secured strategic funding from Vital Capital to enhance its efforts in transforming land use and management in vulnerable regions. The Johannesburg-based company has awarded over 800,000 land titles, impacting over three million people, and aims to address issues of unclear land tenure that hinder economic development and social inclusion. This partnership will support initiatives related to food security, poverty reduction, and sustainable urbanization.
China's exports to the U.S. fell by 34.5% in May, marking the largest decline since February 2020, while imports from the U.S. dropped over 18%, leading to a 41.55% reduction in China's trade surplus with the U.S. to $18 billion. In contrast, exports to Southeast Asia rose nearly 15%, with the EU and Africa seeing increases of 12% and over 33%, respectively. Overall, China's exports grew by 4.8% in May, despite missing expectations, while its total trade surplus increased by 25% year-on-year to $103.2 billion.
European markets are seeing a boost, with the STOXX Europe 600 Index up 0.90% due to easing inflation and supportive ECB policies, prompting investors to seek dividend stocks for stable income. Notable picks include Manitou BF, offering a 5.6% yield, despite a volatile dividend history, and INDUS Holding, a private equity firm with diverse revenue streams.
The global Islamic finance industry grew by 14.9% in 2024, reaching US$3.88 trillion in total assets, with significant contributions from Islamic banking, sukuk, and takaful. The sector is expanding into non-traditional markets, driven by fintech innovations and a positive outlook for growth, particularly in emerging economies. Projections indicate the Islamic fintech sector will exceed US$300 billion by 2027, with strong growth anticipated in sukuk and Islamic banking.
Amazon Web Services (AWS) has launched its first cloud region in Taiwan, the Asia-Pacific (Taipei) Region (ap-east-2), featuring three availability zones. This expansion enhances AWS's global network to 117 availability zones across 37 regions, supporting sectors like education, healthcare, and finance while addressing local data residency needs.The $5 billion investment reflects Taiwan's strategic position in global tech, particularly in semiconductor production, and is expected to drive digital transformation across various industries. As the cloud services market rapidly grows, AWS aims to maintain its 31% global market share against competitors like Microsoft Azure and Google Cloud.
[Source]
Transamerica Life Bermuda has received regulatory approval from the Dubai Financial Services Authority to operate in the Dubai International Financial Centre, enhancing its presence in the Middle East. This move allows the insurer, which specializes in life insurance for high-net-worth individuals, to tap into a growing financial ecosystem that includes over 125 insurance entities. Adnan Ladki has been appointed as Head of DIFC operations to spearhead regional engagement and expansion efforts.
Kaspersky has identified GriffithRAT, a sophisticated malware targeting the global fintech sector, with confirmed victims in the UAE, Egypt, Türkiye, and South Africa. Distributed via Skype and Telegram as deceptive financial documents, it enables attackers to extract sensitive information, including login credentials and keystrokes.This malware is linked to cyber mercenary activities, highlighting the increasing professionalism and commercialization of cyber threats. Kaspersky advises users to exercise caution when downloading files and to enhance their cybersecurity awareness through training and strong authentication measures.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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