Friday, 12 December 2025

3DEGREES APPOINTS DAVID DINES TO BOARD OF DIRECTORS

KUALA LUMPUR, Dec 12 (Bernama) -- A renewable energy and climate solutions company, 3Degrees, has appointed veteran global executive David Dines to its Board of Directors, effective Dec 8.

According to a statement, at 3Degrees, Dines will chair the board’s Risk Management Committee and serve as a member of its Human Capital Committee.

“We are thrilled to welcome David to the 3Degrees board. His command of financial stewardship, global risk management, and large-scale operational transformation will be a crucial asset as we accelerate our next decade of growth,” said its Chief Executive Officer, Philippe Vedrenne.

Meanwhile, Dines said: “I am honoured to join the board of 3Degrees at a moment when climate leadership and innovative market solutions are more essential than ever.

“I admire 3Degrees’ role in helping organisations navigate decarbonisation with integrity, creativity, and impact and look forward to working with the board and management team to support the company’s continued leadership and expansion,” he added.

Dines brings more than 40 years of leadership experience spanning energy, commodities, financial services, transportation, and industrial markets. He previously served as Chief Financial Officer and Corporate Senior Vice President of Cargill Inc, overseeing enterprise financial strategy, capital deployment, and performance for the largest privately held company in the United States.

In addition to his corporate leadership roles, Dines serves on several boards, including Willamette Egg Farms and the J.F. Brennan Company, is a board observer at MyLand, and is an advisor to Proterra Investment Partners. He also holds leadership roles in the nonprofit sector, including at the Guthrie Theater and the Center for Creative Leadership.

-- BERNAMA

AM BEST LIFTS NEW INDIA ASSURANCE OUTLOOK TO POSITIVE

KUALA LUMPUR, Dec 12 (Bernama) -- AM Best has revised the outlooks to positive from stable and affirmed the financial strength rating (FSR) of B++ (Good) and the long-term issuer credit rating (Long-Term ICR) of “bbb+” (Good) of The New India Assurance Company Limited (New India).

Concurrently, the global credit rating agency in a statement said it has affirmed the India National Scale Rating (NSR) of aaa.IN (Exceptional) of New India with a stable outlook.

The rating actions reflect New India’s very strong balance sheet strength, adequate operating performance, favourable business profile and marginal enterprise risk management (ERM), with a neutral impact from its majority ownership by the Government of India.

The outlook revision follows an improving trend in New India’s ERM fundamentals. AM Best cited enhancements to the company’s risk management framework, stronger systems and controls, and progress in resolving longstanding audit qualifications.

AM Best expects New India to continue strengthening its ERM in the near to medium term through improved internal controls and account reconciliation to resolve outstanding audit matters.

The company’s balance sheet remains supported by risk-adjusted capitalisation at the strongest level in fiscal year 2025, based on Best’s Capital Adequacy Ratio. Its reinsurance assets are viewed as high quality, while its investment portfolio carries moderate risk.

Despite sizeable holdings in domestic equities that may introduce volatility, New India’s bond investments are largely in well-rated government and corporate bonds.

AM Best assesses New India’s operating performance as adequate, with a five-year average return on equity of 2.5 per cent (fiscal years 2021 to 2025). Fiscal year 2025 earnings declined due to lower investment returns and a one-off provision on old reinsurance balances, though underwriting performance improved.

However, robust investment income, including interest, dividends and realised equity gains, continues to provide a sizable contribution to overall earnings. Operating earnings remained positive in the first half of fiscal year 2026, driven by robust investment returns.

New India retains its position as India’s largest non-life insurer by gross premiums written. Its portfolio is moderately diversified, though concentrated in health insurance, while overseas branches and subsidiaries support its international footprint.

-- BERNAMA

Thursday, 11 December 2025

Abu Dhabi Launches FIDA Cluster to Shape the Next Generation of Financial and Investment Solutions


ABU DHABI, United Arab Emirates, Dec 11 (Bernama-BUSINESS WIRE) -- Abu Dhabi has launched the FinTech, Insurance, Digital and Alternative Assets (FIDA) cluster to accelerate the development of next-generation financial and investment solutions and expand the emirate’s role as a global capital hub.

Spearheaded by the Abu Dhabi Department of Economic Development (ADDED) and the Abu Dhabi Investment Office (ADIO), the cluster is a core pillar of Abu Dhabi’s long-term economic diversification agenda. By 2045, FIDA is projected to contribute an additional USD 15.2 billion to Abu Dhabi’s direct GDP, generate 8,000 skilled jobs and attract at least USD 4.6 billion in investment, cementing the emirate’s position as a destination for innovative and resilient financial systems.

FIDA brings together high-growth areas where technology, regulation and capital intersect, including fintech, digital assets, insurance, reinsurance and alternative investments. It aims to position Abu Dhabi as a preferred jurisdiction for global firms seeking to design, test and scale new financial products within a stable, forward-looking regulatory environment.

H.E. Ahmed Jasim Al Zaabi, Chairman of ADDED, said: “Abu Dhabi’s economic strategy is built on the long-term horizon planning and the principle that capital, talent and innovation must flow through world-class infrastructure. The FIDA cluster is a structural investment for the future. By coordinating efforts across regulators, sovereign capital, financial institutions and innovators, FIDA strengthens the foundations of next generation finance and reinforces Abu Dhabi global positioning as the Capital of Capital.”

H.E. Badr Al-Olama, Director General of ADIO, commented: “FIDA marks a step-change in Abu Dhabi's role in global finance. We have the architecture of a global financial centre where digital innovation, fintech transformation and next-generation technologies meets long-term capital and forward-looking regulation from the outset. By bringing sovereign investors, regulators, global institutions and technology innovators into a single, connected cluster, Abu Dhabi is the preferred home for those building the future of digital assets, AI-powered financial solutions, and breakthrough fintech platforms.”

The cluster’s integrated programme pillars are designed to create a comprehensive, globally competitive financial ecosystem. FIDA will advance institutional-grade digital asset infrastructure and fintech platforms that meet international standards, expand insurance and reinsurance capacity to serve sophisticated risk management needs and establish consumer-protected long-term savings frameworks that strengthen financial resilience. It will also broaden access to diverse funding channels for small and medium-sized enterprises, including alternative lending, venture debt and growth capital solutions.

Sustainable finance is embedded across the cluster, with an emphasis on developing green and transition finance instruments aligned with Abu Dhabi's net-zero commitments. FIDA will also expand the emirate’s alternative assets landscape, creating a supportive environment for private equity, venture capital and real estate vehicles targeting global institutional investors.

The cluster provides tailored financial infrastructure for priority sectors including food and water innovation through the AgriFood Growth and Water Abundance (AGWA) cluster, life sciences through the Health, Endurance, Longevity and Medicine (HELM) cluster and mobility through the Smart and Autonomous Vehicles Industry (SAVI) cluster. This ensures innovative companies across the economy can access appropriate financing, manage risk and scale effectively.

Abu Dhabi’s position as the “Capital of Capital” is underpinned by USD 1.8 trillion in sovereign wealth, world-class regulatory frameworks and an extensive network of double-taxation, investment protection and trade agreements. Firms operating within FIDA benefit from efficient, treaty-backed access to major global markets across Europe, North America and Asia. This combination of capital depth, regulatory clarity and international connectivity positions Abu Dhabi to lead in fintech, reinsurance and alternative assets.

FIDA brings together a coordinated ecosystem of partners spanning regulation, financing, infrastructure, innovation and talent development. Regulatory oversight is led by the Ministry of Finance, Central Bank of the United Arab Emirates, ADGM and the Securities and Commodities Authority, which will collaborate to ensure cohesive and future-ready financial governance.

Financing partners, including sovereign wealth funds, family offices and the Khalifa Fund for Enterprise Development, will provide access to capital at different stages of growth. Infrastructure institutions covering pensions, payments, credit and insurance will support the delivery of global-standard financial products and services.

An innovation and R&D network led by Hub71, UAE University, Khalifa University of Science and Technology, Emirates Institute of Finance and ADGM Academy will focus on translating research into commercially viable financial technologies. The talent development network will advance skills in actuarial science, fintech engineering, quantitative finance and related disciplines, further strengthening Abu Dhabi's role as a pioneering financial solutions hub.

FIDA reinforces Abu Dhabi’s status as a next-generation global financial centre and advances the emirate’s ambition to become the preferred destination for those building the future of finance and investment management.

Source: AETOSWire

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20251210272808/en/

Contact
Neil Luis
00971505422125

Source : Abu Dhabi Investment Office

Tuesday, 9 December 2025

HELICAL FUSION SIGNS JAPAN’S FIRST FUSION-ENERGY POWER PURCHASE AGREEMENT

Takaya Taguchi (left), CEO of Helical Fusion Co., Ltd. , and Masayuki Kono (right) Managing Director and Head of Administration Division of Aoki Super Co., Ltd. at the press conference held on December 8, 2025


KUALA LUMPUR, Dec 9 (Bernama) -- Helical Fusion Co Ltd (Helical Fusion) has signed a Power Purchase Agreement (PPA) for fusion energy with Aoki Super Co Ltd (Aoki Super), a major regional supermarket chain in central Japan.

The deal marks the first fusion-energy PPA in Japan, representing a concrete step toward real-world adoption of fusion power and signalling growing demand-side engagement in the emerging fusion energy value chain.

Under its Helix Program, Helical Fusion defined three non-negotiable requirements for a reliable fusion power source, namely steady-state operation, net electricity, and maintainability, according to a statement.

The company selected the Helical Stellarator design as the only approach capable of meeting all three using existing technology. Grounded in over 60 years of Japanese national fusion research, Helical Fusion has outlined a credible pathway to continuous, net-electricity operation.

The newly signed PPA demonstrates that Aoki Super, which requires large amounts of electricity daily to operate its stores, has evaluated the development plan and committed to purchasing fusion-generated power. Both companies view fusion energy as a foundation for environmentally responsible retail operations.

The agreement is also a key milestone for the Helix Program, which leverages Japan’s industrial value chain—from advanced manufacturing to end-users—to accelerate fusion energy commercialisation.

As part of its sustainability strategy, Aoki Super made a strategic investment in Helical Fusion in July 2025. Helical Fusion has raised approximately US$34 million in equity funding to date, with cumulative fundraising of around US$38 million. (US$1 = RM4.11)

-- BERNAMA

Friday, 5 December 2025

EZVIZ Bags International Innovation Awards For AI Wild Animal Detection

KUALA LUMPUR, Dec 4 (Bernama) -- EZVIZ has reached a major milestone with its first-ever win at the International Innovation Awards, recognised for its breakthrough artificial intelligence (AI)-powered Wild Animal Detection.

Debuting on the brand’s signature outdoor lineup, the EB8 Pro Series ushers in a new era of smart outdoor monitoring. The innovation significantly broadens the applications of outdoor cameras while reinforcing fundamentals such as connectivity, power endurance, imaging performance, and environmental resilience.

The International Innovation Awards, renowned for celebrating the world’s most impactful and forward-looking innovations, sets rigorous standards for solutions that redefine industry benchmarks.

For EZVIZ, earning recognition on this stage for the first time underscores the originality and real-world value of its technology, according to a company statement.

To address the growing unpredictability of wildlife activity around human living spaces, the EB8 Pro Series introduces dedicated AI-powered detection. This allows the cameras to identify animal presence in real time, sending alerts via the EZVIZ app that are timely, relevant, and actionable.

This added intelligence extends protection beyond typical household monitoring to locations closer to nature or areas exposed to incidental wildlife movement. Users—from residents near open landscapes to caretakers of shared outdoor spaces—benefit from earlier cues, clearer context, and confidence in understanding surroundings before potential risks emerge.

EZVIZ’s wild-animal detection is supported by a strengthened outdoor backbone. With Wi-Fi 6 and 4G switching automatically, the cameras stay online and responsive even in areas with unstable networks.

Endurance is enhanced through AOV 2.0 technology and solar-powered flexibility, keeping systems operational for extended periods with minimal maintenance. High-clarity imaging paired with smooth, far-reaching rotation ensures a broader, more detailed view of the surroundings.

-- BERNAMA

Acuity Knowledge Partners rebrands to Acuity Analytics and launches new website

LONDON and NEW YORK, Dec 3 (Bernama-GLOBE NEWSWIRE) -- Acuity Knowledge Partners today announced its rebrand to Acuity Analytics, the new trading name for the firm. This change reflects the firm’s journey into a global leader in insight, analytics, data and AI-enabled solutions. The new brand is supported by a redesigned website that gives clients a clear and up to date view of the firm’s expanded capabilities and the integrated business that Acuity has become.

For 23 years, Acuity’s success has been driven by its people. The firm has been built on deep domain expertise, strong analytical judgement, insightful research and a commitment to delivering high-quality services for financial services clients. From this foundation, Acuity Analytics is growing into new industries, new capabilities and new markets, forging deep and long-standing partnerships with many of the world’s leading financial institutions.

As client needs and technology have evolved, so has the business. Acuity Analytics now brings together over 7,200 specialists across 28 global locations, supporting 800+ clients with research, analytics, data and operational solutions. The firm has also expanded its engineering, cloud and digital capabilities through the integration of PPA Group in 2024 and Ascent in 2025, strengthening its ability to deliver more complete, end-to-end support, aligned to evolving client needs.

Technology, and specifically AI, now play a central role in Acuity Analytics’ work, but people remain at the core. The firm’s strategy is built on the principle that AI is most effective when it is guided by specialists who deeply understand client data, workflows and decision-making. Acuity’s proprietary agentic AI platform, Agent Fleet, enhances delivery by automating routine tasks and improving speed and accuracy, while domain experts ensure every output meets the standards, bespoke requirements and judgement clients expect. This human in the loop approach is now fundamental to how the firm delivers insight, innovation and impact.

The new Acuity Analytics website reflects this evolution. Designed around client needs, it provides a clear structure, showcases the firm’s blend of talent, technology and capability, and makes it easy for clients to understand how Acuity Analytics can support their priorities, whether through dedicated teams, AI-enabled workflows or broader digital transformation.

Robert King, Chief Executive Officer, Acuity Analytics, said:

“Our people have always been the heart of this business. Their expertise and commitment are the reason we’ve grown to partnering with over 800 institutions globally. At the same time, we’ve recognised the opportunity that technology and AI bring to our work. This rebrand captures that journey; a business built on exceptional people, now strengthened by advanced technology. I’m incredibly proud of what Acuity Analytics has become and excited about what this next chapter means for our clients and our staff.”

Emma Crabtree, Chief Revenue Officer, Acuity Analytics, said:

“Clients want partners who understand their industry and can support them with both specialist talent and modern technology. Our evolution to Acuity Analytics reflects that. The new brand and website give clients a clearer view of our full capability and how we combine domain expertise, data, digital and AI to deliver measurable impact. This positions us to support clients even more effectively as their needs continue to evolve and we enable them on that journey.”

About Acuity Analytics

Acuity Analytics is the trading name of Acuity Knowledge Partners, a global leader in delivering bespoke research, data management, analytics and AI-enabled solutions to financial institutions and corporates. With more than 7,200 analysts, data specialists and technologists across 28 locations, the firm combines deep financial-services expertise with strong engineering, digital and AI capability. Acuity supports over 800 organisations in enhancing efficiency, improving insight and unlocking human potential.

Acuity was established as a separate business from Moody’s Corporation in 2019 following its acquisition by Equistone Partners Europe. In January 2023, funds advised by global private equity firm Permira acquired a majority stake, with Equistone remaining invested as a minority shareholder.

For more information, visit www.acuityanalytics.com

Media enquiries:

Stuti Das

Global Head of Communications and PR

Acuity Analytics

stuti.das@acuitykp.com

SOURCE: Acuity Knowledge Partners (UK) Limited

--BERNAMA

Thursday, 4 December 2025

Bitget Supports Grassroots Football at LALIGA Youth Tournament in Manila

VICTORIA, Seychelles, Dec 2 (Bernama-GLOBE NEWSWIRE) -- Bitget, the world's largest Universal Exchange (UEX), took part in LALIGA's Youth Tournament in Manila, supporting one of Asia's most exciting grassroots football events focused on promoting sport, community, and camaraderie. Held from 14–16 November at the New Clark City Athletics Stadium, the tournament brought together more than 7,000 young players, families, and coaches for three days of competition, community spirit, and youth development.

Bitget's presence centered on creating a welcoming space for parents and children through its Blockchain4Youth initiative. The booth featured a simple penalty shoot-out activity where kids could unwind between matches, with successful attempts rewarded with complimentary refreshments and LALIGA x Bitget branded items. For many families, it became an easy meeting point, offering shade, water, and moments of fun amid a packed tournament schedule.

The event was designed purely around community value. Bitget chose to support an event that was centered around discipline, teamwork, and sportsmanship, qualities that are closely related to the company's long-standing youth empowerment initiatives, rather than showcasing products or platforms. Across the weekend, the booth drew long lines of young participants, reinforcing the tournament's festive atmosphere while creating positive touchpoints with parents and local football communities.

"I've always believed that the love for football starts early, often on the streets or fields just like this," said Ignacio Aguirre, Chief Marketing Officer at Bitget"Being part of LALIGA's Youth Tournament means a lot to us because it's about supporting passion at the age where it matters most. These kids play with joy, ambition, and imagination, the same qualities that shape great futures, whether in sports or beyond."

After matchday festivities, viewing parties, and school outreach initiatives throughout the year, the activation was the most recent phase of Bitget's broader partnership with LALIGA across Asia. Given that the Philippines is one of the most active sports communities in Southeast Asia, Bitget had a chance to quietly and positively contribute to the competition, fostering cultural ties without using commercial messaging.

Partnerships like this demonstrate Bitget's conviction that technology and culture flourish when rooted in authentic communities, as it continues to develop into a comprehensive Universal Exchange (UEX). One of the most crucial strategies for fostering trust and developing young people in the area is still to support youth sports.

About Bitget

Established in 2018, Bitget is the world's largest Universal Exchange (UEX), serving over 120 million users with access to millions of crypto tokens, tokenized stocks, ETFs, and other real-world assets, while offering real-time access to Bitcoin priceEthereum priceXRP price, and other cryptocurrency prices, all on a single platform. The ecosystem is committed to helping users trade smarter with its AI-powered trading tools, interoperability across tokens on Bitcoin, Ethereum, Solana, and BNB Chain, and wider access to real-world assets. On the decentralized side, Bitget Wallet is an everyday finance app built to make crypto simple, secure, and part of everyday finance. Serving over 80 million users, it bridges blockchain rails with real-world finance, offering an all-in-one platform for on- and off-ramping, trading, earning, and paying seamlessly.

Bitget is driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world’s most thrilling championships.

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

For media inquiries, please contact: media@bitget.com

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use

SOURCE: Bitget Limited

DISCLAIMER: BERNAMA MREM 
are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.

--BERNAMA​