KUALA LUMPUR, June 30 (Bernama) -- Circeus, an artificial intelligence (AI)-native holding company, has launched with an equity investment from the European Bank for Reconstruction and Development (EBRD), alongside participation from other investors.
According to a statement, the launch introduces Circeus as the group's holding company brand, reflecting the broader business-to-business (B2B) software portfolio with AI embedded across its operations.
The investment will help expand its central AI engineering capability and support future acquisitions. The group has completed 18 acquisitions over the past four years and serves more than 200,000 businesses worldwide.
“As AI evolves software from passive tools into systems that act and execute, the addressable market for technology is expanding several-fold. We are building the platform to capture this shift.
“We were not running a fundraising process, as we are profitable and well capitalised, but we chose to make space for EBRD given their institutional standing and to lean further into a market that presents several attractive opportunities,” said Circeus Founder and Chief Executive Officer, Luca Cartechini.
Meanwhile, EBRD investor Bruno Lusic said the bank is backing Circeus as it brings AI to mission-critical software, adding that the company's long-term growth model aligns with the EBRD's investment mandate.
Circeus grows through a repeatable acquisition model, acquiring software businesses and integrating them into a central AI capability that embeds AI into products, automates operations, and reuses infrastructure, data, and insights across its portfolio.
The company said founders who sell their businesses to Circeus retain their brands, teams, and customer relationships while gaining access to the group's AI engineering, growth expertise, and centralised back-office support.
Looking ahead, Circeus aims to accelerate AI adoption by embedding advanced AI capabilities into the mission-critical software used by businesses across multiple industries.
-- BERNAMA
Tuesday, 30 June 2026
Monday, 29 June 2026
MAVENIR WINS DEUTSCHE TELEKOM'S PARTNER AWARD FOR NETWORK INNOVATION
KUALA LUMPUR, June 29 (Bernama) -- Mavenir, the software company building cloud-native, artificial intelligence (AI)-by-design mobile networks, has won the Deutsche Telekom Partner of the Year Award for Best Network Innovation.
The recognition underscores Mavenir’s pivotal role in the Most Energy Efficient Core (MeeC) initiative, a flagship collaboration with Deutsche Telekom built on its Horizontal TelCo Cloud, the company’s own cloud architecture and a blueprint for the telecommunications industry.
According to Mavenir in a statement, MeeC has redefined energy efficiency in 5G Core networks, delivering up to a 65 per cent reduction in energy consumption during low-traffic periods while maintaining uncompromised performance and service quality.
“Winning Deutsche Telekom's Partner Award is a tremendous honour for the entire Mavenir team. MeeC is a compelling demonstration of what becomes possible when cloud-native architecture, AI-driven automation, and genuine partnership combine.
“Sustainable networks are not a future ambition - they are an operational reality, and we are proud to have helped Deutsche Telekom prove that at scale,” said Mavenir Chief Executive Officer, Pardeep Kohli.
Launched in 2025, MeeC applies advanced AI-driven traffic analysis and predictive workload optimisation to identify and eliminate energy waste across 5G Core functions without compromising network performance or service quality.
The project demonstrated that significant energy reductions are achievable at a commercial scale in live network environments. Its key achievements include AI-powered traffic prediction and real-time scaling, dynamic workload consolidation across cloud-native functions, and proven deployment in a live Tier-1 production network.
Presented by Deutsche Telekom's senior leadership at the Telekom Campus Fair 2026, the Telekom Partner Awards recognise outstanding contributions by the company's partners in network technology, operations and sustainability.
-- BERNAMA
The recognition underscores Mavenir’s pivotal role in the Most Energy Efficient Core (MeeC) initiative, a flagship collaboration with Deutsche Telekom built on its Horizontal TelCo Cloud, the company’s own cloud architecture and a blueprint for the telecommunications industry.
According to Mavenir in a statement, MeeC has redefined energy efficiency in 5G Core networks, delivering up to a 65 per cent reduction in energy consumption during low-traffic periods while maintaining uncompromised performance and service quality.
“Winning Deutsche Telekom's Partner Award is a tremendous honour for the entire Mavenir team. MeeC is a compelling demonstration of what becomes possible when cloud-native architecture, AI-driven automation, and genuine partnership combine.
“Sustainable networks are not a future ambition - they are an operational reality, and we are proud to have helped Deutsche Telekom prove that at scale,” said Mavenir Chief Executive Officer, Pardeep Kohli.
Launched in 2025, MeeC applies advanced AI-driven traffic analysis and predictive workload optimisation to identify and eliminate energy waste across 5G Core functions without compromising network performance or service quality.
The project demonstrated that significant energy reductions are achievable at a commercial scale in live network environments. Its key achievements include AI-powered traffic prediction and real-time scaling, dynamic workload consolidation across cloud-native functions, and proven deployment in a live Tier-1 production network.
Presented by Deutsche Telekom's senior leadership at the Telekom Campus Fair 2026, the Telekom Partner Awards recognise outstanding contributions by the company's partners in network technology, operations and sustainability.
-- BERNAMA
Saturday, 27 June 2026
Shell unveils its Triple 10 Challenge Concept Car
Co-engineered vehicle uses innovative thermal management fluid to enable faster charging, greater efficiency and lower lifecycle emissions
LONDON, June 24 (Bernama-GLOBE NEWSWIRE) -- Shell has today unveiled its Triple 10 Challenge concept car, a ground-breaking proof-of-concept vehicle designed to inspire a new design philosophy for the next generation of battery electric vehicles (EVs).
This compact, mass-market EV demonstrates next-generation electric vehicle capability, and offers the industry an alternative to the current reliance on ever-larger batteries by re-imagining the fundamentals of thermal management.
A New Benchmark for Efficiency
The vehicle meets three ambitious goals that Shell believes can help drive the future of mass-market electric mobility:
- Charge Faster - a sub 10-minute charge time
- Go Further - 10-km/kWh economy,
- Drive Cleaner - a life cycle 10-tonne CO2e footprint
The Triple 10 Challenge is the first road-worthy vehicle to have successfully demonstrated the potential of a simplified, single-circuit cooling architecture to efficiently manage the thermal load of the car’s entire powertrain, even under the most extreme fast-charging scenario in real-world conditions.
Cara Tredget, VP Mobility & Lubricants Technology for Shell, said:
“With the Triple 10 Challenge concept car, we have unlocked the potential for faster charging, lighter systems and improved lifecycle efficiency by using our advanced thermal fluids. Together with our co-engineering partners, we are proud to develop alternative options for sustainable EV development leveraging technologies that are available today and are scalable to support customers into the future”.
The Shell Triple 10 Challenge Concept car has been designed to achieve 10 km/kWh in driving economy with a smaller, more efficient battery system, adding over 30% improvement in overall energy efficiency compared to many current-generation EVs, enabled by Shell’s advanced thermal fluids that provide optimal thermal management.
The Triple 10 Challenge vehicle is able to charge the battery from 10% to 80% charge in 9 minutes 54 seconds, without compromise to thermal stability or lifespan. While some EVs in market today can charge in under 10 minutes, this requires using an ultra-fast charger in excess of 300kW, which is uncommon on the public charging network. However, the Triple 10 Challenge vehicle is able to attain this on the existing charging network infrastructure using a standard 175kW charger, adding 24km/minute range, compared to typical BEVs at an average 13km/minute range on the same charger – equivalent to almost 90% more range added per minute of charge.
The Triple 10 Challenge concept car is estimated to have a lifecycle carbon footprint of approximately 10 tonnes CO2e1. Enabled by its lightweight design, optimized battery capacity, low-carbon and recyclable materials, together with 100% renewable electricity for vehicle charging, this is estimated to represent around a 50% reduction in lifecycle emissions compared to typical battery electric vehicles in the European market2.
The Technology: Immersive Thermal Management
The key to the Triple 10 Challenge car’s performance is Shell Recharge thermal fluid. Unlike traditional cooling systems that use water-glycol, Shell’s dielectric fluid allows for direct immersion cooling of the battery and powertrain components including the motor and power electronics. By redefining heat management across the battery and powertrain, the team has unlocked the potential for faster charging, lighter systems and improved lifecycle efficiency – using technologies that exist and can scale today, as we look to leading in this space in our business tomorrow.
Unveiled at HORIBA MIRA’s proving ground, the concept car is the culmination of Shell’s Triple 10 Challenge. By incorporating a more compact and efficient battery pack design with fewer modules and using Shell’s advanced thermal fluid, enabling a simplified housing architecture, these improvements contribute to about a 25% reduction in overall battery pack cost compared to a conventional EV.
Furthermore, Shell today announced the integration of Shell’s full EV capabilities together under Shell Recharge – from charging, to fluids, to battery solutions, to create a stronger, single end-to-end offer for both B2B and B2C EV customers. As part of this, the Shell EV-Plus brand will be retired.
Notes to editors
About the Triple 10 Challenge partners
The Shell Triple 10 Challenge Concept Car is a demonstration of the potential of immersive fluid technology and a showcase of British co-engineering excellence. Shell worked alongside leading automotive pioneers to integrate the Shell Recharge thermal fluid and maximise the performance of the car. Partners included:
Cara Tredget, VP Mobility & Lubricants Technology for Shell, said:
“With the Triple 10 Challenge concept car, we have unlocked the potential for faster charging, lighter systems and improved lifecycle efficiency by using our advanced thermal fluids. Together with our co-engineering partners, we are proud to develop alternative options for sustainable EV development leveraging technologies that are available today and are scalable to support customers into the future”.
The Shell Triple 10 Challenge Concept car has been designed to achieve 10 km/kWh in driving economy with a smaller, more efficient battery system, adding over 30% improvement in overall energy efficiency compared to many current-generation EVs, enabled by Shell’s advanced thermal fluids that provide optimal thermal management.
The Triple 10 Challenge vehicle is able to charge the battery from 10% to 80% charge in 9 minutes 54 seconds, without compromise to thermal stability or lifespan. While some EVs in market today can charge in under 10 minutes, this requires using an ultra-fast charger in excess of 300kW, which is uncommon on the public charging network. However, the Triple 10 Challenge vehicle is able to attain this on the existing charging network infrastructure using a standard 175kW charger, adding 24km/minute range, compared to typical BEVs at an average 13km/minute range on the same charger – equivalent to almost 90% more range added per minute of charge.
The Triple 10 Challenge concept car is estimated to have a lifecycle carbon footprint of approximately 10 tonnes CO2e1. Enabled by its lightweight design, optimized battery capacity, low-carbon and recyclable materials, together with 100% renewable electricity for vehicle charging, this is estimated to represent around a 50% reduction in lifecycle emissions compared to typical battery electric vehicles in the European market2.
The Technology: Immersive Thermal Management
The key to the Triple 10 Challenge car’s performance is Shell Recharge thermal fluid. Unlike traditional cooling systems that use water-glycol, Shell’s dielectric fluid allows for direct immersion cooling of the battery and powertrain components including the motor and power electronics. By redefining heat management across the battery and powertrain, the team has unlocked the potential for faster charging, lighter systems and improved lifecycle efficiency – using technologies that exist and can scale today, as we look to leading in this space in our business tomorrow.
Unveiled at HORIBA MIRA’s proving ground, the concept car is the culmination of Shell’s Triple 10 Challenge. By incorporating a more compact and efficient battery pack design with fewer modules and using Shell’s advanced thermal fluid, enabling a simplified housing architecture, these improvements contribute to about a 25% reduction in overall battery pack cost compared to a conventional EV.
Furthermore, Shell today announced the integration of Shell’s full EV capabilities together under Shell Recharge – from charging, to fluids, to battery solutions, to create a stronger, single end-to-end offer for both B2B and B2C EV customers. As part of this, the Shell EV-Plus brand will be retired.
Notes to editors
About the Triple 10 Challenge partners
The Shell Triple 10 Challenge Concept Car is a demonstration of the potential of immersive fluid technology and a showcase of British co-engineering excellence. Shell worked alongside leading automotive pioneers to integrate the Shell Recharge thermal fluid and maximise the performance of the car. Partners included:
- RML: Spearheaded the battery pack architecture and high-performance integration. RML’s engineering utilised Shell’s dielectric fluid to strip out the heavy, complex piping required by traditional water-glycol systems, successfully shrinking the pack and reducing overall vehicle mass.
- Empel Systems: Developed the advanced electric motor and drive units. By leveraging the highly efficient single-circuit immersive cooling, Empel was able to significantly downsize the motors while maintaining exceptional power density and contributing to the 10-km/kWh efficiency target.
- HORIBA MIRA: Conducted world-class vehicle integration, testing and validation. Utilising their state-of-the-art VTEOS (Vehicle Thermal and Electrical Optimisation System) rig, HORIBA MIRA validated the single-fluid architecture's efficacy, subjecting the system to simulated extreme global weather conditions – proving its backwards compatibility with standard radiators.
Shell’s Heritage in Ultra-Efficient Vehicle Innovation
The Shell Triple 10 Challenge Concept Car is the latest in Shell’s rich heritage of developing and advancing ultra-efficient vehicle concepts. Shell’s track record includes Project M, developed in 2016 as an ultra-efficient city car concept focused on addressing the challenges of mass mobility. In commercial transport, Shell’s Starship programme has continued to push the boundaries of freight efficiency since 2018 through successive generations of highly fuel-efficient Class 8 trucks. Most recently, Shell partnered with China’s largest truck manufacturer, FAW, to equip the latest Starship vehicle with an advanced hybrid battery incorporating Shell’s immersive thermal cooling fluid. Shell’s pioneering legacy of efficient mobility innovation extends back to the Shell Eco-marathon, which for more than four decades has provided a global platform for students to design, build and test some of the world’s most energy-efficient vehicles.
Cautionary Note
The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this [report] “Shell”, “Shell Group” and “Group” are sometimes used for convenience to reference Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this [report] refer to entities over which Shell plc either directly or indirectly has control. The terms “joint venture”, “joint operations”, “joint arrangements”, and “associates” may also be used to refer to a commercial arrangement in which Shell has a direct or indirect ownership interest with one or more parties. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.
Forward-Looking statements
This [report] contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as “aim”; “ambition”; ‘‘anticipate’’; “aspire”, “aspiration”, ‘‘believe’’; “commit”; “commitment”; ‘‘could’’; “desire”; ‘‘estimate’’; ‘‘expect’’; ‘‘goals’’; ‘‘intend’’; ‘‘may’’; “milestones”; ‘‘objectives’’; ‘‘outlook’’; ‘‘plan’’; ‘‘probably’’; ‘‘project’’; ‘‘risks’’; “schedule”; ‘‘seek’’; ‘‘should’’; ‘‘target’’; “vision”; ‘‘will’’; “would” and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this [report], including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks, including climate change; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including tariffs and regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, regional conflicts, such as the Russia-Ukraine war and the conflict in the Middle East, and a significant cyber security, data privacy or IT incident; (n) the pace of the energy transition; and (o) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this [report] are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc’s Form 20-F for the year ended December 31, 2025 (available at www.shell.com/investors/news-and-filings/sec-filings.html and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this [report] and should be considered by the reader. Each forward-looking statement speaks only as of the date of this [report], [insert date]. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this [report].
Shell’s net carbon intensity
Also, in this [report] we may refer to Shell’s “net carbon intensity” (NCI), which includes Shell’s carbon emissions from the production of our energy products, our suppliers’ carbon emissions in supplying energy for that production and our customers’ carbon emissions associated with their use of the energy products we sell. Shell’s NCI also includes the emissions associated with the production and use of energy products produced by others which Shell purchases for resale. Shell only controls its own emissions. The use of the terms Shell’s “net carbon intensity” or NCI is for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries.
Shell’s net-zero emissions target
Shell’s operating plan and outlook are forecasted for a three-year period and ten-year period, respectively, and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next three and ten years. Accordingly, the outlook reflects our combined Scope 1 and 2 target, NCI target and our oil products ambition over the next ten years. However, Shell’s operating plan and outlook cannot reflect our 2050 net-zero emissions target, as this target is outside our planning period. Such future operating plans and outlooks could include changes to our portfolio, efficiency improvements and the use of carbon capture and storage and carbon credits. In the future, as society moves towards net-zero emissions, we expect Shell’s operating plans and outlooks to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target.
Forward-Looking non-GAAP measures
This [report] may contain certain forward-looking non-GAAP measures such as [free cash flow] and [underlying operating expenses]. We are unable to provide a reconciliation of these forward-looking non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc’s consolidated financial statements.
The contents of websites referred to in this [report] do not form part of this [report].
We may have used certain terms, such as resources, in this [report] that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.
____________________________
1 The Triple 10 Challenge concept vehicle has been developed to demonstrate what is technically achievable under optimized conditions. These conditions include the use of 100% renewable electricity vehicle charging over the 200,000 km lifetime of the vehicle via the Shell Recharge network in the UK, powered by certified renewable electricity. The results are derived from a Shell internal life cycle assessment in line with ISO 14040 &14044 standards drawing on emission factor data from component suppliers and manufacturers, recognized LCA databases and literature publications. Actual results may vary under real-world conditions.
2 The indicated reduction in lifecycle greenhouse gas emissions relative to typical battery electric vehicles is based on a comparison with a published life cycle assessment study conducted by Ricardo in 2023 for the European Commission and assuming the same vehicle lifetime of 200,000 km. Differences in underlying methodological assumptions and vehicle specifications (including vehicle size and battery capacity), as well as use-phase conditions mean that the emissions reduction should be regarded as indicative only. Actual outcomes may vary in real-world applications.
Contact details:
Ben Hibbert, VCCP Roar, E: ben.hibbert@vccproar.com; MN: +447794413044
James Ralph, VCCP Roar, E: James.Ralph@vccproar.com; MN: +447889002305
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/3e3bf8d9-236c-4645-9a71-40d8feb17d7c
https://www.globenewswire.com/NewsRoom/AttachmentNg/4de55b2c-15ba-4626-9d74-f95f4c34eb25
Videos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/151be6fb-5b16-465d-9846-24d6acff344d
https://www.globenewswire.com/NewsRoom/AttachmentNg/20f400a5-e590-4ff6-aa64-4f80cfb92e76
https://www.globenewswire.com/NewsRoom/AttachmentNg/46de8f88-f321-4ff7-8503-dcd8e0652616
https://www.globenewswire.com/NewsRoom/AttachmentNg/cd437471-6389-480a-8726-52cd398420c1
SOURCE: Shell Lubricants
--BERNAMA
The Shell Triple 10 Challenge Concept Car is the latest in Shell’s rich heritage of developing and advancing ultra-efficient vehicle concepts. Shell’s track record includes Project M, developed in 2016 as an ultra-efficient city car concept focused on addressing the challenges of mass mobility. In commercial transport, Shell’s Starship programme has continued to push the boundaries of freight efficiency since 2018 through successive generations of highly fuel-efficient Class 8 trucks. Most recently, Shell partnered with China’s largest truck manufacturer, FAW, to equip the latest Starship vehicle with an advanced hybrid battery incorporating Shell’s immersive thermal cooling fluid. Shell’s pioneering legacy of efficient mobility innovation extends back to the Shell Eco-marathon, which for more than four decades has provided a global platform for students to design, build and test some of the world’s most energy-efficient vehicles.
Cautionary Note
The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this [report] “Shell”, “Shell Group” and “Group” are sometimes used for convenience to reference Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this [report] refer to entities over which Shell plc either directly or indirectly has control. The terms “joint venture”, “joint operations”, “joint arrangements”, and “associates” may also be used to refer to a commercial arrangement in which Shell has a direct or indirect ownership interest with one or more parties. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.
Forward-Looking statements
This [report] contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as “aim”; “ambition”; ‘‘anticipate’’; “aspire”, “aspiration”, ‘‘believe’’; “commit”; “commitment”; ‘‘could’’; “desire”; ‘‘estimate’’; ‘‘expect’’; ‘‘goals’’; ‘‘intend’’; ‘‘may’’; “milestones”; ‘‘objectives’’; ‘‘outlook’’; ‘‘plan’’; ‘‘probably’’; ‘‘project’’; ‘‘risks’’; “schedule”; ‘‘seek’’; ‘‘should’’; ‘‘target’’; “vision”; ‘‘will’’; “would” and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this [report], including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks, including climate change; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including tariffs and regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, regional conflicts, such as the Russia-Ukraine war and the conflict in the Middle East, and a significant cyber security, data privacy or IT incident; (n) the pace of the energy transition; and (o) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this [report] are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc’s Form 20-F for the year ended December 31, 2025 (available at www.shell.com/investors/news-and-filings/sec-filings.html and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this [report] and should be considered by the reader. Each forward-looking statement speaks only as of the date of this [report], [insert date]. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this [report].
Shell’s net carbon intensity
Also, in this [report] we may refer to Shell’s “net carbon intensity” (NCI), which includes Shell’s carbon emissions from the production of our energy products, our suppliers’ carbon emissions in supplying energy for that production and our customers’ carbon emissions associated with their use of the energy products we sell. Shell’s NCI also includes the emissions associated with the production and use of energy products produced by others which Shell purchases for resale. Shell only controls its own emissions. The use of the terms Shell’s “net carbon intensity” or NCI is for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries.
Shell’s net-zero emissions target
Shell’s operating plan and outlook are forecasted for a three-year period and ten-year period, respectively, and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next three and ten years. Accordingly, the outlook reflects our combined Scope 1 and 2 target, NCI target and our oil products ambition over the next ten years. However, Shell’s operating plan and outlook cannot reflect our 2050 net-zero emissions target, as this target is outside our planning period. Such future operating plans and outlooks could include changes to our portfolio, efficiency improvements and the use of carbon capture and storage and carbon credits. In the future, as society moves towards net-zero emissions, we expect Shell’s operating plans and outlooks to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target.
Forward-Looking non-GAAP measures
This [report] may contain certain forward-looking non-GAAP measures such as [free cash flow] and [underlying operating expenses]. We are unable to provide a reconciliation of these forward-looking non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc’s consolidated financial statements.
The contents of websites referred to in this [report] do not form part of this [report].
We may have used certain terms, such as resources, in this [report] that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.
____________________________
1 The Triple 10 Challenge concept vehicle has been developed to demonstrate what is technically achievable under optimized conditions. These conditions include the use of 100% renewable electricity vehicle charging over the 200,000 km lifetime of the vehicle via the Shell Recharge network in the UK, powered by certified renewable electricity. The results are derived from a Shell internal life cycle assessment in line with ISO 14040 &14044 standards drawing on emission factor data from component suppliers and manufacturers, recognized LCA databases and literature publications. Actual results may vary under real-world conditions.
2 The indicated reduction in lifecycle greenhouse gas emissions relative to typical battery electric vehicles is based on a comparison with a published life cycle assessment study conducted by Ricardo in 2023 for the European Commission and assuming the same vehicle lifetime of 200,000 km. Differences in underlying methodological assumptions and vehicle specifications (including vehicle size and battery capacity), as well as use-phase conditions mean that the emissions reduction should be regarded as indicative only. Actual outcomes may vary in real-world applications.
Contact details:
Ben Hibbert, VCCP Roar, E: ben.hibbert@vccproar.com; MN: +447794413044
James Ralph, VCCP Roar, E: James.Ralph@vccproar.com; MN: +447889002305
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/3e3bf8d9-236c-4645-9a71-40d8feb17d7c
https://www.globenewswire.com/NewsRoom/AttachmentNg/4de55b2c-15ba-4626-9d74-f95f4c34eb25
Videos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/151be6fb-5b16-465d-9846-24d6acff344d
https://www.globenewswire.com/NewsRoom/AttachmentNg/20f400a5-e590-4ff6-aa64-4f80cfb92e76
https://www.globenewswire.com/NewsRoom/AttachmentNg/46de8f88-f321-4ff7-8503-dcd8e0652616
https://www.globenewswire.com/NewsRoom/AttachmentNg/cd437471-6389-480a-8726-52cd398420c1
SOURCE: Shell Lubricants
--BERNAMA
Thursday, 25 June 2026
Bitget Upgrades CFD Copy Trading With Personalized Risk Controls
VICTORIA, Seychelles, June 25 (Bernama-GLOBE NEWSWIRE) -- Bitget, the world’s largest Universal Exchange (UEX), has introduced major upgrades to its CFD Copy Trading system, giving followers greater control over risk management through new position sizing models, independent take-profit and stop-loss settings, and advanced exposure controls.
Copy trading has become one of the most popular ways for users to participate in financial markets, allowing traders to replicate the strategies of experienced market participants. However, as adoption has grown, many users have encountered challenges associated with traditional copy trading models, particularly when differences in risk tolerance and trading style create unintended exposure.
To address these concerns, Bitget’s latest upgrade introduces two new position sizing models. Under Fixed Ratio mode, position sizes are automatically adjusted according to the relative account equity of the follower and the trader being copied, reducing the risks associated with capital mismatches. Fixed Lot mode allows followers to define a predetermined position size for every copied trade, giving users more direct control over their exposure regardless of the trader’s order size.
The update also introduces independent take-profit and stop-loss settings for followers, allowing users to establish personal risk thresholds separate from those of the trader they follow. Once a predefined profit or loss level is reached, positions can be automatically closed based on the follower’s individual settings. Additional controls, including maximum copy lot limits and custom lot multipliers, provide further flexibility for both new and experienced users.
“Copy trading does mean giving up control of your account,” said Gracy Chen, CEO of Bitget. “As users become more sophisticated, they want the ability to benefit from experienced traders while managing risk according to their own objectives. This upgrade shifts copy trading from simple strategy replication toward a more personalized and controlled trading experience.”
The enhancements were developed in response to user feedback and reflect a broader industry shift toward more flexible risk management tools. As traders increasingly participate across crypto and traditional financial markets, demand continues to grow for products that balance accessibility with greater control over capital allocation and risk exposure.
The launch follows Bitget’s continued expansion of its CFD offering within the Universal Exchange ecosystem, which brings together crypto, stocks, commodities, foreign exchange products, and derivatives through a unified trading environment. Earlier this month, Bitget was recognized as the “Best Global Multi-Asset Trading Platform” at the Online Trading Expo, marking the company’s first award in the CFD sector and reflecting growing industry recognition of its multi-asset trading strategy. By strengthening risk management capabilities within copy trading, Bitget continues enhancing the tools and infrastructure available to traders participating across global markets.
For more information, visit here.
About Bitget
Bitget is the world’s largest Universal Exchange (UEX), serving over 125 million users and offering access to over 2M crypto tokens, 100+ tokenized stocks, ETFs, commodities, FX, and precious metals such as gold. The ecosystem is committed to helping users trade smarter with its AI agent, which co-pilots trade execution. Bitget is driving crypto adoption through strategic partnerships with LALIGA and MotoGP™. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. Bitget currently leads in the tokenized TradFi market, providing the industry’s lowest fees and highest liquidity across 150 regions worldwide.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord
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.
A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/358c49ac-5ffa-43e6-9ee7-357f2d796ba1
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
Copy trading has become one of the most popular ways for users to participate in financial markets, allowing traders to replicate the strategies of experienced market participants. However, as adoption has grown, many users have encountered challenges associated with traditional copy trading models, particularly when differences in risk tolerance and trading style create unintended exposure.
To address these concerns, Bitget’s latest upgrade introduces two new position sizing models. Under Fixed Ratio mode, position sizes are automatically adjusted according to the relative account equity of the follower and the trader being copied, reducing the risks associated with capital mismatches. Fixed Lot mode allows followers to define a predetermined position size for every copied trade, giving users more direct control over their exposure regardless of the trader’s order size.
The update also introduces independent take-profit and stop-loss settings for followers, allowing users to establish personal risk thresholds separate from those of the trader they follow. Once a predefined profit or loss level is reached, positions can be automatically closed based on the follower’s individual settings. Additional controls, including maximum copy lot limits and custom lot multipliers, provide further flexibility for both new and experienced users.
“Copy trading does mean giving up control of your account,” said Gracy Chen, CEO of Bitget. “As users become more sophisticated, they want the ability to benefit from experienced traders while managing risk according to their own objectives. This upgrade shifts copy trading from simple strategy replication toward a more personalized and controlled trading experience.”
The enhancements were developed in response to user feedback and reflect a broader industry shift toward more flexible risk management tools. As traders increasingly participate across crypto and traditional financial markets, demand continues to grow for products that balance accessibility with greater control over capital allocation and risk exposure.
The launch follows Bitget’s continued expansion of its CFD offering within the Universal Exchange ecosystem, which brings together crypto, stocks, commodities, foreign exchange products, and derivatives through a unified trading environment. Earlier this month, Bitget was recognized as the “Best Global Multi-Asset Trading Platform” at the Online Trading Expo, marking the company’s first award in the CFD sector and reflecting growing industry recognition of its multi-asset trading strategy. By strengthening risk management capabilities within copy trading, Bitget continues enhancing the tools and infrastructure available to traders participating across global markets.
For more information, visit here.
About Bitget
Bitget is the world’s largest Universal Exchange (UEX), serving over 125 million users and offering access to over 2M crypto tokens, 100+ tokenized stocks, ETFs, commodities, FX, and precious metals such as gold. The ecosystem is committed to helping users trade smarter with its AI agent, which co-pilots trade execution. Bitget is driving crypto adoption through strategic partnerships with LALIGA and MotoGP™. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. Bitget currently leads in the tokenized TradFi market, providing the industry’s lowest fees and highest liquidity across 150 regions worldwide.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord
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.
A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/358c49ac-5ffa-43e6-9ee7-357f2d796ba1
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
USERCENTRICS: OVER HALF CONSUMERS WILL PAY PREMIUM FOR AI TRANSPARENCY
 |
| Over Half of Consumers Will Pay More for Brands That Are Transparent About AI Data Use, New Usercentrics Research Finds |
KUALA LUMPUR, June 25 (Bernama) -- Over half (52 per cent) of consumers globally are willing to pay more for brands that are transparent about how they use artificial intelligence (AI) with their data, accepting an average premium of seven per cent, according to the second annual State of Digital Trust 2026 Report commissioned by Usercentrics.
Germany recorded the highest level of willingness to pay for AI transparency, with 73 per cent of consumers prepared to pay a nine per cent premium. In contrast, Italy recorded the lowest average premium at five per cent, although 42 per cent of consumers said they would pay more for AI transparency.
“Consumers are making purchasing decisions based on how brands handle their data, and over half are willing to pay more to the ones that get it right.
“The brands that move first will not just earn the premium. They will earn a category position that is almost impossible to compete against once it is established,” said Usercentrics Strategy & Market Intelligence representative, Tilman Harmeling in a statement.
The report also found that 47 per cent of consumers surveyed had taken at least one action with direct revenue implications in the past six months due to concerns about how their data was being used in AI, including cancelling a subscription, switching to a competitor or reducing their spending.
Consumers have increasingly shifted from passive acceptance to active decision-making, driven by a steady accumulation of data breaches, AI training controversies and cookie banner enforcement actions.
The findings further revealed that 71 per cent of consumers consider AI-driven personalisation intrusive, while 48 per cent click “accept all” on cookie banners less frequently than they did three years ago, up from 46 per cent in 2025. Privacy-aware consumers were also found to be nearly three times more comfortable with personalised online experiences than those who were less aware of privacy issues.
Conducted by Sapio Research, the survey polled 11,000 consumers across seven markets, namely the United Kingdom, the United States, Germany, Spain, Italy, the Netherlands, and Sweden, with fieldwork conducted in March 2026.
-- BERNAMA
Tuesday, 23 June 2026
JAPAN’S NON-LIFE INSURANCE SEGMENT OUTLOOK REMAINS STABLE - AM BEST
KUALA LUMPUR, June 23 (Bernama) -- Global credit rating agency, AM Best has maintained its stable outlook on Japan’s non-life insurance segment, citing factors including rising interest rates and the introduction of the Japan Insurance Capital Standard (J-ICS).
According to Best’s Market Segment Report, heightened regulatory oversight, successive rate revisions and tighter underwriting terms continue to improve fire insurance profitability, supporting the stable outlook.
The report stated that interest rate hikes are widely anticipated for the remainder of 2026, although the pace and magnitude remain uncertain amid a slowing economy and a depreciating Japanese yen.
AM Best senior financial analyst, Charles Chiang said a higher interest rate environment provides Japanese non-life insurers with improved reinvestment yields.
“However, the sustained depreciation of the Japanese yen has cut both ways for the non-life market, generating translation gains on overseas earnings while simultaneously driving up claims costs in the voluntary and fire lines,” he said in a statement.
The J-ICS, which became effective from the fiscal year ended March 31, 2026, is expected to enhance the transparency and global comparability of Japanese non-life insurers, strengthening their credibility in cross-border transactions and supporting capacity for international expansion over time.
The report also noted that major non-life insurers are likely to remain focused on reallocating capital towards overseas expansion to offset long-term structural headwinds from large natural catastrophe exposures and the limited growth prospects of the domestic market.
As investment performance has remained a vital contributor to the non-life segment’s overall profitability over the past 12 months, AM Best expects it to remain an important earnings tailwind.
The report added that lower-than-expected natural catastrophe insured losses over the past year have supported underwriting results across the segment.
-- BERNAMA
According to Best’s Market Segment Report, heightened regulatory oversight, successive rate revisions and tighter underwriting terms continue to improve fire insurance profitability, supporting the stable outlook.
The report stated that interest rate hikes are widely anticipated for the remainder of 2026, although the pace and magnitude remain uncertain amid a slowing economy and a depreciating Japanese yen.
AM Best senior financial analyst, Charles Chiang said a higher interest rate environment provides Japanese non-life insurers with improved reinvestment yields.
“However, the sustained depreciation of the Japanese yen has cut both ways for the non-life market, generating translation gains on overseas earnings while simultaneously driving up claims costs in the voluntary and fire lines,” he said in a statement.
The J-ICS, which became effective from the fiscal year ended March 31, 2026, is expected to enhance the transparency and global comparability of Japanese non-life insurers, strengthening their credibility in cross-border transactions and supporting capacity for international expansion over time.
The report also noted that major non-life insurers are likely to remain focused on reallocating capital towards overseas expansion to offset long-term structural headwinds from large natural catastrophe exposures and the limited growth prospects of the domestic market.
As investment performance has remained a vital contributor to the non-life segment’s overall profitability over the past 12 months, AM Best expects it to remain an important earnings tailwind.
The report added that lower-than-expected natural catastrophe insured losses over the past year have supported underwriting results across the segment.
-- BERNAMA
Saturday, 20 June 2026
BitGo Appoints Angela Ang as Managing Director of APAC and President of BitGo Singapore
Former Monetary Authority of Singapore and TRM Labs executive to lead BitGo’s Singapore-based APAC growth and regulated infrastructure
SINGAPORE & NEW YORK, June 19 (Bernama-BUSINESS WIRE) -- BitGo Holdings, Inc. (NYSE: BTGO) (“BitGo”), the digital asset infrastructure company, today announced the appointment of Angela Ang as Managing Director of APAC and President of BitGo Singapore Pte. Ltd., having successfully cleared all regulatory and fit-and-proper requirements. In this role, Ang will lead BitGo’s business growth, market development, and operating infrastructure across Asia-Pacific, with a focus on expanding institutional access to secure, regulated digital asset infrastructure.
Ang brings extensive experience across financial regulation, digital assets, public policy, and institutional market development. She joins BitGo from blockchain intelligence firm TRM Labs, where she served as Head of APAC Public Policy and Strategic Partnerships and helped drive the firm’s regional expansion as part of its founding APAC team. Prior to TRM, Ang spent more than a decade at the Monetary Authority of Singapore, where she led the team that built and operationalized Singapore’s payments and crypto licensing regime.
“We believe that Angela’s appointment strengthens BitGo’s leadership in one of the world’s most important regions for institutional digital asset adoption,” said Jody Mettler, Chief Operating Officer of BitGo and President of BitGo Bank & Trust, National Association. “Her experience at the intersection of regulation, market infrastructure, and commercial growth is highly relevant as institutions look for trusted partners that can meet the standards of a regulated financial system. Angela brings the judgment, credibility, and regional expertise to lead BitGo’s next phase of growth across APAC.”
Singapore serves as a strategic hub for BitGo’s APAC business and a leading global center for regulated digital asset activity. BitGo Singapore Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Major Payment Institution. Ang’s appointment underscores BitGo’s continued investment in Singapore and the broader APAC region, and reflects the importance of local regulatory expertise as institutions increasingly seek secure, compliant infrastructure to participate in digital asset markets.
“BitGo has built its reputation by focusing on the requirements that matter most to institutions: security, compliance, resilience, and trust,” said Angela Ang. “Singapore has established one of the world’s most respected regulatory frameworks for digital assets, and APAC is entering an important phase of institutional market development. I am excited to join BitGo and work with our teams, clients, and partners to expand access to safe, scalable, and regulated digital asset solutions across the region.”
Ang’s appointment follows BitGo’s continued expansion of its global regulated platform. As a public company and federally regulated digital asset infrastructure company, BitGo serves institutions seeking secure access to custody, wallets, trading, financing, settlement, staking, and stablecoin infrastructure.
About BitGo
BitGo (NYSE: BTGO) is the digital asset infrastructure company delivering custody, wallets, staking, trading, financing, stablecoins, and settlement services from regulated cold storage. Since 2013, BitGo has focused on accelerating the transition of the financial system to a digital asset economy. BitGo maintains a global presence and multiple regulated entities, including BitGo Bank & Trust, National Association, the first federally chartered digital asset trust bank owned by a publicly traded company. Today, BitGo serves thousands of institutions, including many of the industry's top brands, financial institutions, exchanges, and platforms, and millions of investors worldwide. For more information, visit www.bitgo.com.
Forward-Looking Statement
Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. These forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict, that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the highly volatile nature of digital assets, technical issues in connection with the integration of supported digital assets and changes and upgrades to their underlying network, heightened scrutiny of our industry and operations, the theft, loss, or destruction of private keys required to access any digital assets held in custody for our own account or for our clients, errors in executing client transactions or managing our own trading activities, and the other factors discussed in the Company's Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (the "SEC") on March 27, 2026, and its subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. Such forward-looking statements are based on facts and conditions as they exist at the time such statements are made and predictions as to future facts and conditions. While the Company believes these forward-looking statements are reasonable, readers of this press release are cautioned not to place undue reliance on any forward-looking statements. The information in this release is provided only as of the date of this release, and the Company does not undertake any obligation to update any forward-looking statement relating to matters discussed in this press release, except as may be required by applicable securities laws.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20260617420676/en/
Contact
Media Contact
press@bitgo.com
Source: BitGo Holdings, Inc.
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
Friday, 19 June 2026
SISTIC Secures Formula 1 Singapore GP Ticketing Role
KUALA LUMPUR, June 18 (Bernama) -- SISTIC, Singapore’s leading ticketing service provider and a company of AXS Tickets, has secured a multi-year partnership to deliver official ticketing services for the Formula 1 Singapore Grand Prix (GP), beginning with the 2027 race.
Under the agreement, SISTIC will manage end-to-end ticketing operations for the night race held at Marina Bay, which attracts more than 300,000 fans over its three-day run, covering primary sales, hospitality suite allocations, on-site box office services and broader operational support.
The company said the appointment reflects its role as AXS Tickets’ Singapore operating arm, combining local market expertise with the global platform’s technology capabilities.
SISTIC Chief Executive Officer, Joe Ow said the Formula 1 Singapore Grand Prix is one of the most complex and high-profile sporting events in the region.
“As SISTIC continues to scale within the global AXS ticketing network, we are bringing together our already deep, local market expertise with world-class technology to deliver a seamless ticketing experience for fans,” he said in a statement.
Meanwhile, Singapore GP Pte Ltd Ticketing & Accreditation Director, Clarence Lai said SISTIC’s combination of technical capability and local knowledge made it a strong fit for the event’s requirements.
Lai added that its prior experience with the Grand Prix and other large-scale events demonstrated a clear understanding of operational complexity.
AXS Tickets, which acquired a majority stake in SISTIC in October 2025, said the partnership strengthens its global Formula 1 footprint. The company currently supports several Formula 1 events globally, including accreditation services for the Las Vegas and Australian Grands Prix.
The collaboration will enhance ticketing security, reduce fraud and improve fan experience through a more integrated global platform, while reinforcing SISTIC’s role in delivering local execution for major international sporting events.
-- BERNAMA
Defiance Launches SPCU, Delivering 2X Long Exposure to SpaceX in Its First Full Week of Trading
MIAMI, June 18 (Bernama-GLOBE NEWSWIRE) -- Defiance ETFs today announced the launch of the Defiance Daily Target 2X Long SpaceX ETF (Cboe: SPCU). SPCU begins trading today at 4am ET and seeks daily investment results, before fees and expenses, equal to 200% of the daily performance of SpaceX Class A common stock (NASDAQ: SPCX).
SpaceX priced its initial public offering at $135 per share and began trading on the Nasdaq on Friday, June 12, under the ticker SPCX. At that price, the company was valued at approximately $1.77 trillion, which according to reports ranks as the largest U.S. IPO in history by debut market value.
SPCU is purpose-built for active traders seeking magnified, short-term exposure to SpaceX. The Fund obtains its exposure primarily through swap agreements and/or listed options contracts rather than by holding SpaceX shares directly, allowing traders to express a high-conviction, tactical view on SpaceX in a single exchange-listed ticker, without a margin account and without managing options positions.
SPCU joins the Defiance Daily 2X Space ETF (Cboe: SPCL), which established 2X daily leveraged exposure to SpaceX on SpaceX's IPO date. On that date, SPCL's leveraged exposure was tied exclusively to SpaceX, although the Fund will hold other investments in accordance with its investment strategy and prospectus disclosures. SPCU further expands Defiance's lineup of leveraged products linked to SpaceX.
For full fund details, the prospectus, holdings, and performance current to the most recent month-end, visit defianceetfs.com/spcu or call 833.333.9383.
The Fund is not suitable for all investors. The Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily leveraged (2X) investment results, understand the risks associated with the use of leverage, and are willing to monitor their portfolios frequently. The Fund is not intended to be used by, and is not appropriate for, investors who do not intend to actively monitor and manage their portfolios. The Fund pursues daily leveraged investment objectives, which means it is riskier than alternatives that do not use leverage. The Fund magnifies the performance of Space Exploration Technologies Corp. (the “Underlying Security”) and is designed strictly for short-term use. For periods longer than a single day, the Fund’s performance will be the result of compounded daily returns, which is very likely to differ from 200% of the return of SpaceX over the same period. It is possible that investors could lose their entire principal within a single trading day.
An investment in the Fund is not a direct investment in SpaceX.
About Defiance ETFs
Founded in 2018, Defiance is a leading ETF issuer specializing in thematic, income, and leveraged ETFs. Our first-mover leveraged single-stock ETFs empower investors to take amplified positions in high-growth companies, providing precise leverage exposure without the need to open a margin account.
Media Contact: Sylvia Jablonski | info@defianceetfs.com | 833.333.9383
IMPORTANT DISCLOSURES
Defiance ETFs LLC is the ETF sponsor. The Fund’s investment adviser is Tidal Investments, LLC (“Tidal” or the “Adviser”).
The Fund’s investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus and summary prospectus contain this and other important information about the investment company. Please read the prospectus and/or summary prospectus carefully before investing. Hard copies can be requested by calling 833.333.9383.
Investing involves risk. Principal loss is possible. As an ETF, the Fund may trade at a premium or discount to its net asset value (“NAV”). Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions and bid-ask spreads will reduce returns. A portfolio concentrated in a single theme or industry may be subject to a higher degree of risk. There is no guarantee the Fund’s strategy will be successful, and an investor may lose some or all of their investment.
Leveraged Investment Risk. The Fund seeks daily investment results that correspond to two times (2X) the performance of its underlying portfolio. The use of leverage magnifies both gains and losses. As a result, the Fund may experience significant losses over short periods of time, including the potential loss of the entire investment within a single trading day. If the Target Portfolio’s market value decreases by more than 50% on a given trading day, the Fund’s investors could lose all of their money. The Fund may also be subject to the following risks:
Daily Reset and Compounding Risk. The Fund is designed to achieve its stated investment objective on a daily basis. Due to the effects of compounding, the Fund’s returns over periods longer than one trading day will likely differ, and may differ significantly, from 200% of the performance of its underlying portfolio for the same period. This effect is more pronounced in volatile markets.
Short-Term Trading Risk. The Fund is intended for short-term trading and is not designed for long-term investment. Investors who hold shares for periods longer than a single trading day may experience returns that are substantially different from the Fund’s stated objective. The Fund requires active monitoring and management.
Compounding and Market Volatility Risk. The Fund has a daily leveraged investment objective, and the Fund’s performance for periods greater than a trading day will be the result of each day’s returns compounded over the period, which is very likely to differ from two times (200%) the Target Portfolio’s performance, before fees and expenses. The Fund will lose money if the Target Portfolio’s performance is flat over time, and it is possible that the Fund will lose money even if the Target Portfolio’s market value increases over a period longer than a single day. Due to daily rebalancing and the effects of compounding, the volatility of the Target Portfolio may affect the Fund’s return as much as, or more than, the Target Portfolio’s actual return. The impact of compounding will affect each shareholder differently depending on the period of time an investment in the Fund is held and the volatility of the Target Portfolio during that holding period.
Derivatives Risk. The Fund utilizes derivatives, including swap agreements and options contracts, to achieve its investment objective. Derivatives involve risks different from, and potentially greater than, those associated with direct investments in securities. These risks include increased volatility, imperfect correlation, liquidity constraints, valuation complexity, and the potential for losses exceeding the amount initially invested.
Counterparty Risk. The Fund is subject to counterparty risk through its use of derivatives. If a counterparty to a swap or other derivative instrument fails to meet its contractual obligations, the Fund may experience losses, delays in recovery, or reduced exposure.
Space Investing Risks. The Fund concentrates its exposure in companies involved in the space economy, including satellite communications, launch services, and space-enabled technologies. Companies involved in the design, manufacture, or launch of spacecraft, launch vehicles, or related systems face significant risks associated with launch failures, deployment malfunctions, mission delays, and cost overruns; space launches are inherently complex and costly, and failures may result in total loss of spacecraft or payloads, substantial financial losses, reputational harm, and increased regulatory scrutiny. Space-related businesses often rely on advanced, emerging, or unproven technologies and may be adversely affected by rapid technological change, engineering challenges, or competitors’ development of superior or lower-cost technologies. The space industry is subject to extensive domestic and international regulation, including licensing requirements, export controls, national security restrictions, environmental regulation, and orbital debris mitigation standards; changes in laws or regulatory interpretations may increase compliance costs, delay operations, or limit deployment of space-based systems. Many space-focused companies depend on governmental or quasi-governmental customers and contracts, and reductions in government budgets, policy changes, or contract terminations could materially affect revenues. Space-based operations are exposed to risks from orbital debris, collisions, congestion in Earth’s orbits, and space weather, any of which may damage satellites or spacecraft and result in service disruptions or complete mission failure. Many space-focused companies may have limited operating histories, depend on a narrow set of products or services, or rely on a small number of customers or missions. The Fund may have exposure to foreign issuers, including through ADRs, which can involve political instability, geopolitical tensions, trade restrictions, sanctions, and currency fluctuations that may disrupt supply chains or impair cross-border collaboration. When the Adviser determines there are insufficient Space Companies to meet the Fund’s investment criteria, the Fund may obtain exposure to secondary space technology companies that support or enable space-related activities, which may be less directly exposed to the growth of the space economy and may be more sensitive to broader industry or market risks. The space industry is emerging and may experience higher volatility and uncertainty than more established industries.
Industry Concentration Risk. Because the Fund focuses on a specific theme and industry group, it may be more susceptible to adverse developments affecting that sector than a broadly diversified fund. The Fund will concentrate (i.e., invest 25% or more of its total assets) its investment exposure to companies in the space industry and in industries that develop, deploy, or operate space-related technologies and services.
IPO, SPAC, and De-SPAC Risk. The Fund may invest, including indirectly via derivative instruments, in securities of companies that have recently completed initial public offerings (“IPOs”), special purpose acquisition companies (“SPACs”), or companies that have become publicly traded through business combinations involving SPACs (“de-SPAC transactions”). These securities may be less seasoned, lack a meaningful trading history, have limited public information and research coverage, and involve risks similar to those of venture capital or other private equity investments. Their prices may be volatile, subject to speculative trading, and susceptible to rapid and substantial declines in value. SPACs are shell or blank check companies that raise capital in an IPO for the purpose of completing a business combination with a private operating company; there is no guarantee that a SPAC will complete a business combination or that any completed transaction will be successful. Conflicts of interest may arise among a SPAC’s sponsors, affiliates, officers, directors, or promoters and unaffiliated security holders.
Swap Agreements. The use of swap transactions is a highly specialized activity, which involves investment techniques and risks different from those associated with ordinary portfolio securities transactions. Whether the Fund will be successful in using swap agreements to achieve its investment goal depends on the ability of the Adviser to structure such swap agreements in accordance with the Fund’s investment objective and to identify counterparties for those swap agreements.
Non-Diversification Risk. The Fund is classified as non-diversified, which means it may invest a larger percentage of its assets in a smaller number of issuers. As a result, the Fund’s performance may be more volatile and more sensitive to the performance of individual holdings.
Equity Securities Risk. Investments in equity securities are subject to market risk, including the potential for significant price fluctuations due to company-specific events, broader market conditions, economic developments, and changes in investor sentiment.
Foreign and ADR Risk. To the extent the Fund has exposure to foreign issuers or American Depositary Receipts (ADRs), it may be subject to additional risks, including currency fluctuations, political and economic instability, differing regulatory standards, and reduced liquidity.
Small- and Mid-Capitalization Risk. The Fund may invest in small- and mid-cap companies, which may be more volatile, less liquid, and more sensitive to economic changes than larger companies.
Liquidity Risk. In certain market conditions, the Fund’s investments or derivative instruments may become less liquid, making it difficult to adjust exposure or achieve the desired investment objective. Reduced liquidity may also lead to wider bid-ask spreads for Fund shares.
Rebalancing Risk. The Fund seeks to rebalance its exposure daily to maintain its target leverage. If the Fund is unable to rebalance effectively due to market disruptions, liquidity constraints, or operational issues, its exposure may deviate from its intended objective.
Tracking and Correlation Risk. There is no guarantee that the Fund will achieve a high degree of correlation to 200% of the daily performance of its underlying portfolio. Market volatility, fees, transaction costs, and derivative pricing may cause performance to deviate from expectations.
High Portfolio Turnover Risk. The Fund’s strategy involves frequent trading and daily rebalancing, which may result in high portfolio turnover, increased transaction costs, and potentially higher taxable distributions.
Tax Risk. The Fund intends to qualify for favorable tax treatment as a regulated investment company (RIC), but there is no guarantee it will do so. Distributions may be taxable as ordinary income, capital gains, or a combination of both.
New Fund Risk. The Fund is recently organized and has limited operating history. As a result, there is limited performance history for investors to evaluate.
Market and Economic Risk. The value of the Fund’s investments may decline due to general market conditions, economic trends, geopolitical events, interest rate changes, inflation, or other external factors beyond the control of the Fund.
Brokerage commissions may be charged on trades.
Distributed by Foreside Fund Services, LLC.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/623c9438-6e10-4373-bc05-a6ae8c312daf
SOURCE: Defiance ETFs
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
SpaceX priced its initial public offering at $135 per share and began trading on the Nasdaq on Friday, June 12, under the ticker SPCX. At that price, the company was valued at approximately $1.77 trillion, which according to reports ranks as the largest U.S. IPO in history by debut market value.
SPCU is purpose-built for active traders seeking magnified, short-term exposure to SpaceX. The Fund obtains its exposure primarily through swap agreements and/or listed options contracts rather than by holding SpaceX shares directly, allowing traders to express a high-conviction, tactical view on SpaceX in a single exchange-listed ticker, without a margin account and without managing options positions.
SPCU joins the Defiance Daily 2X Space ETF (Cboe: SPCL), which established 2X daily leveraged exposure to SpaceX on SpaceX's IPO date. On that date, SPCL's leveraged exposure was tied exclusively to SpaceX, although the Fund will hold other investments in accordance with its investment strategy and prospectus disclosures. SPCU further expands Defiance's lineup of leveraged products linked to SpaceX.
For full fund details, the prospectus, holdings, and performance current to the most recent month-end, visit defianceetfs.com/spcu or call 833.333.9383.
The Fund is not suitable for all investors. The Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily leveraged (2X) investment results, understand the risks associated with the use of leverage, and are willing to monitor their portfolios frequently. The Fund is not intended to be used by, and is not appropriate for, investors who do not intend to actively monitor and manage their portfolios. The Fund pursues daily leveraged investment objectives, which means it is riskier than alternatives that do not use leverage. The Fund magnifies the performance of Space Exploration Technologies Corp. (the “Underlying Security”) and is designed strictly for short-term use. For periods longer than a single day, the Fund’s performance will be the result of compounded daily returns, which is very likely to differ from 200% of the return of SpaceX over the same period. It is possible that investors could lose their entire principal within a single trading day.
An investment in the Fund is not a direct investment in SpaceX.
About Defiance ETFs
Founded in 2018, Defiance is a leading ETF issuer specializing in thematic, income, and leveraged ETFs. Our first-mover leveraged single-stock ETFs empower investors to take amplified positions in high-growth companies, providing precise leverage exposure without the need to open a margin account.
Media Contact: Sylvia Jablonski | info@defianceetfs.com | 833.333.9383
IMPORTANT DISCLOSURES
Defiance ETFs LLC is the ETF sponsor. The Fund’s investment adviser is Tidal Investments, LLC (“Tidal” or the “Adviser”).
The Fund’s investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus and summary prospectus contain this and other important information about the investment company. Please read the prospectus and/or summary prospectus carefully before investing. Hard copies can be requested by calling 833.333.9383.
Investing involves risk. Principal loss is possible. As an ETF, the Fund may trade at a premium or discount to its net asset value (“NAV”). Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions and bid-ask spreads will reduce returns. A portfolio concentrated in a single theme or industry may be subject to a higher degree of risk. There is no guarantee the Fund’s strategy will be successful, and an investor may lose some or all of their investment.
Leveraged Investment Risk. The Fund seeks daily investment results that correspond to two times (2X) the performance of its underlying portfolio. The use of leverage magnifies both gains and losses. As a result, the Fund may experience significant losses over short periods of time, including the potential loss of the entire investment within a single trading day. If the Target Portfolio’s market value decreases by more than 50% on a given trading day, the Fund’s investors could lose all of their money. The Fund may also be subject to the following risks:
Daily Reset and Compounding Risk. The Fund is designed to achieve its stated investment objective on a daily basis. Due to the effects of compounding, the Fund’s returns over periods longer than one trading day will likely differ, and may differ significantly, from 200% of the performance of its underlying portfolio for the same period. This effect is more pronounced in volatile markets.
Short-Term Trading Risk. The Fund is intended for short-term trading and is not designed for long-term investment. Investors who hold shares for periods longer than a single trading day may experience returns that are substantially different from the Fund’s stated objective. The Fund requires active monitoring and management.
Compounding and Market Volatility Risk. The Fund has a daily leveraged investment objective, and the Fund’s performance for periods greater than a trading day will be the result of each day’s returns compounded over the period, which is very likely to differ from two times (200%) the Target Portfolio’s performance, before fees and expenses. The Fund will lose money if the Target Portfolio’s performance is flat over time, and it is possible that the Fund will lose money even if the Target Portfolio’s market value increases over a period longer than a single day. Due to daily rebalancing and the effects of compounding, the volatility of the Target Portfolio may affect the Fund’s return as much as, or more than, the Target Portfolio’s actual return. The impact of compounding will affect each shareholder differently depending on the period of time an investment in the Fund is held and the volatility of the Target Portfolio during that holding period.
Derivatives Risk. The Fund utilizes derivatives, including swap agreements and options contracts, to achieve its investment objective. Derivatives involve risks different from, and potentially greater than, those associated with direct investments in securities. These risks include increased volatility, imperfect correlation, liquidity constraints, valuation complexity, and the potential for losses exceeding the amount initially invested.
Counterparty Risk. The Fund is subject to counterparty risk through its use of derivatives. If a counterparty to a swap or other derivative instrument fails to meet its contractual obligations, the Fund may experience losses, delays in recovery, or reduced exposure.
Space Investing Risks. The Fund concentrates its exposure in companies involved in the space economy, including satellite communications, launch services, and space-enabled technologies. Companies involved in the design, manufacture, or launch of spacecraft, launch vehicles, or related systems face significant risks associated with launch failures, deployment malfunctions, mission delays, and cost overruns; space launches are inherently complex and costly, and failures may result in total loss of spacecraft or payloads, substantial financial losses, reputational harm, and increased regulatory scrutiny. Space-related businesses often rely on advanced, emerging, or unproven technologies and may be adversely affected by rapid technological change, engineering challenges, or competitors’ development of superior or lower-cost technologies. The space industry is subject to extensive domestic and international regulation, including licensing requirements, export controls, national security restrictions, environmental regulation, and orbital debris mitigation standards; changes in laws or regulatory interpretations may increase compliance costs, delay operations, or limit deployment of space-based systems. Many space-focused companies depend on governmental or quasi-governmental customers and contracts, and reductions in government budgets, policy changes, or contract terminations could materially affect revenues. Space-based operations are exposed to risks from orbital debris, collisions, congestion in Earth’s orbits, and space weather, any of which may damage satellites or spacecraft and result in service disruptions or complete mission failure. Many space-focused companies may have limited operating histories, depend on a narrow set of products or services, or rely on a small number of customers or missions. The Fund may have exposure to foreign issuers, including through ADRs, which can involve political instability, geopolitical tensions, trade restrictions, sanctions, and currency fluctuations that may disrupt supply chains or impair cross-border collaboration. When the Adviser determines there are insufficient Space Companies to meet the Fund’s investment criteria, the Fund may obtain exposure to secondary space technology companies that support or enable space-related activities, which may be less directly exposed to the growth of the space economy and may be more sensitive to broader industry or market risks. The space industry is emerging and may experience higher volatility and uncertainty than more established industries.
Industry Concentration Risk. Because the Fund focuses on a specific theme and industry group, it may be more susceptible to adverse developments affecting that sector than a broadly diversified fund. The Fund will concentrate (i.e., invest 25% or more of its total assets) its investment exposure to companies in the space industry and in industries that develop, deploy, or operate space-related technologies and services.
IPO, SPAC, and De-SPAC Risk. The Fund may invest, including indirectly via derivative instruments, in securities of companies that have recently completed initial public offerings (“IPOs”), special purpose acquisition companies (“SPACs”), or companies that have become publicly traded through business combinations involving SPACs (“de-SPAC transactions”). These securities may be less seasoned, lack a meaningful trading history, have limited public information and research coverage, and involve risks similar to those of venture capital or other private equity investments. Their prices may be volatile, subject to speculative trading, and susceptible to rapid and substantial declines in value. SPACs are shell or blank check companies that raise capital in an IPO for the purpose of completing a business combination with a private operating company; there is no guarantee that a SPAC will complete a business combination or that any completed transaction will be successful. Conflicts of interest may arise among a SPAC’s sponsors, affiliates, officers, directors, or promoters and unaffiliated security holders.
Swap Agreements. The use of swap transactions is a highly specialized activity, which involves investment techniques and risks different from those associated with ordinary portfolio securities transactions. Whether the Fund will be successful in using swap agreements to achieve its investment goal depends on the ability of the Adviser to structure such swap agreements in accordance with the Fund’s investment objective and to identify counterparties for those swap agreements.
Non-Diversification Risk. The Fund is classified as non-diversified, which means it may invest a larger percentage of its assets in a smaller number of issuers. As a result, the Fund’s performance may be more volatile and more sensitive to the performance of individual holdings.
Equity Securities Risk. Investments in equity securities are subject to market risk, including the potential for significant price fluctuations due to company-specific events, broader market conditions, economic developments, and changes in investor sentiment.
Foreign and ADR Risk. To the extent the Fund has exposure to foreign issuers or American Depositary Receipts (ADRs), it may be subject to additional risks, including currency fluctuations, political and economic instability, differing regulatory standards, and reduced liquidity.
Small- and Mid-Capitalization Risk. The Fund may invest in small- and mid-cap companies, which may be more volatile, less liquid, and more sensitive to economic changes than larger companies.
Liquidity Risk. In certain market conditions, the Fund’s investments or derivative instruments may become less liquid, making it difficult to adjust exposure or achieve the desired investment objective. Reduced liquidity may also lead to wider bid-ask spreads for Fund shares.
Rebalancing Risk. The Fund seeks to rebalance its exposure daily to maintain its target leverage. If the Fund is unable to rebalance effectively due to market disruptions, liquidity constraints, or operational issues, its exposure may deviate from its intended objective.
Tracking and Correlation Risk. There is no guarantee that the Fund will achieve a high degree of correlation to 200% of the daily performance of its underlying portfolio. Market volatility, fees, transaction costs, and derivative pricing may cause performance to deviate from expectations.
High Portfolio Turnover Risk. The Fund’s strategy involves frequent trading and daily rebalancing, which may result in high portfolio turnover, increased transaction costs, and potentially higher taxable distributions.
Tax Risk. The Fund intends to qualify for favorable tax treatment as a regulated investment company (RIC), but there is no guarantee it will do so. Distributions may be taxable as ordinary income, capital gains, or a combination of both.
New Fund Risk. The Fund is recently organized and has limited operating history. As a result, there is limited performance history for investors to evaluate.
Market and Economic Risk. The value of the Fund’s investments may decline due to general market conditions, economic trends, geopolitical events, interest rate changes, inflation, or other external factors beyond the control of the Fund.
Brokerage commissions may be charged on trades.
Distributed by Foreside Fund Services, LLC.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/623c9438-6e10-4373-bc05-a6ae8c312daf
SOURCE: Defiance ETFs
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
JTB TO ACQUIRE ASIA DMC OPERATOR EXO TRAVEL
 |
| JTB to Acquire Asian DMC Leader EXO Travel for Accelerated Global Growth |
KUALA LUMPUR, June 19 (Bernama) -- JTB Corp has agreed to acquire all shares of Bangkok-based EXO Travel Group through a group company in the Asia-Pacific (APAC) region, strengthening its destination management capabilities and expanding its global travel network.
EXO Travel, operated by All Wise Holdings Pte Ltd, is a destination management company (DMC) focused on the business-to-business travel market across APAC. The company has built a strong presence over more than three decades, particularly among travel partners in Europe, North America and Australia.
In a statement, JTB said the acquisition supports its strategy of transforming from a Japan-centric business model into a globally connected network, enabling further growth under its "Departing Globally, Arriving Globally" initiative.
The company said EXO Travel's customer base in key long-haul markets and its destination management infrastructure across Asia would complement JTB's existing operations and enhance its ability to serve international travellers.
JTB added that the combination of EXO Travel's expertise in intra-Asia travel and the inbound tourism capabilities of JTB Global Marketing & Travel would help improve customer experiences and support growing demand for multi-destination travel across the region.
The acquisition is also expected to strengthen JTB's outbound travel business from Europe, North America and Australia to Asia, including Japan, while creating operational synergies through the integration of sales, marketing and operational functions.
Founded in 1993, EXO Travel is a destination management company operating across Asia and serving travel partners in Europe, North America and Australia.
JTB Corp, founded in 1912, is one of Japan's largest travel and tourism groups, providing leisure, corporate and educational travel services through a global network spanning 37 countries and regions.
-- BERNAMA
Thursday, 18 June 2026
Bitget Launches Community Product Officer Program With Up to 3,000 USDT in Rewards
VICTORIA, Seychelles, June 18 (Bernama-GLOBE NEWSWIRE) -- Bitget, the world’s largest Universal Exchange (UEX), has launched the Bitget Community Product Officer Program, a new initiative designed to bring users closer to the product development process and create a direct channel between the community and Bitget’s product teams. Built around, “You speak, we build,” the program invites users to share feedback, test features, submit ideas, ultimately helping shape future product development across the Bitget ecosystem.
Running from June 15 to June 26, the first phase of the program encourages participants to contribute product suggestions, experience reports, strategy-sharing content, and feature feedback. Contributions will be evaluated based on originality, product value, practical insights, and potential impact on the user experience.
Participants will compete for a range of rewards, including three Star Product Experience Officer awards worth between 1,000 and 3,000 USDT each. Additional prizes include Best Product Ideas awards worth 100 USDT each, Best Product Experience Report awards worth 50 USDT each, and Best Strategy Sharing awards worth 20 USDT each. Community participants will also be eligible for random airdrops, merchandise and contribution rewards throughout the campaign.
“Some of the best product ideas come from the people using the platform every day because they’re the ones experiencing the friction firsthand,” said Gracy Chen, CEO of Bitget. “Crypto has always been built on participation, and some of the strongest products in this industry are shaped through open dialogue with the community. The Community Product Officer Program creates a direct channel for users to share ideas, challenge assumptions and be part of building a better platform together.”
Beyond cash rewards, the initiative creates a long term pathway for community members to contribute directly to Bitget’s product evolution. Through Bitget Fan Club, the company has already seen how engaged users can help strengthen communities, surface valuable feedback and improve the user experience. The Community Product Officer Program builds on that foundation by creating a closer connection between users and product teams, giving contributors greater opportunities to shape the features and tools they want to see on the platform.
The launch reflects Bitget’s continued focus on community-led innovation as the platform expands across crypto, tokenized assets, equities, commodities, AI-powered trading tools, and multi-asset services. By opening more of the product development process to users, Bitget aims to strengthen the connection between product builders and the communities they serve.
The Bitget Community Product Officer Program is now open to eligible participants worldwide.
To become a Community Product Officer, visit here, learn more about the program here.
About Bitget
Bitget is the world’s largest Universal Exchange (UEX), serving over 125 million users and offering access to over 2M crypto tokens, 100+ tokenized stocks, ETFs, commodities, FX, and precious metals such as gold. The ecosystem is committed to helping users trade smarter with its AI agent, which co-pilots trade execution. Bitget is driving crypto adoption through strategic partnerships with LALIGA and MotoGP™. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. Bitget currently leads in the tokenized TradFi market, providing the industry’s lowest fees and highest liquidity across 150 regions worldwide.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord
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.
A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/02d967cb-2f38-4fdb-83f7-5e2d5b5abcc7
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
Running from June 15 to June 26, the first phase of the program encourages participants to contribute product suggestions, experience reports, strategy-sharing content, and feature feedback. Contributions will be evaluated based on originality, product value, practical insights, and potential impact on the user experience.
Participants will compete for a range of rewards, including three Star Product Experience Officer awards worth between 1,000 and 3,000 USDT each. Additional prizes include Best Product Ideas awards worth 100 USDT each, Best Product Experience Report awards worth 50 USDT each, and Best Strategy Sharing awards worth 20 USDT each. Community participants will also be eligible for random airdrops, merchandise and contribution rewards throughout the campaign.
“Some of the best product ideas come from the people using the platform every day because they’re the ones experiencing the friction firsthand,” said Gracy Chen, CEO of Bitget. “Crypto has always been built on participation, and some of the strongest products in this industry are shaped through open dialogue with the community. The Community Product Officer Program creates a direct channel for users to share ideas, challenge assumptions and be part of building a better platform together.”
Beyond cash rewards, the initiative creates a long term pathway for community members to contribute directly to Bitget’s product evolution. Through Bitget Fan Club, the company has already seen how engaged users can help strengthen communities, surface valuable feedback and improve the user experience. The Community Product Officer Program builds on that foundation by creating a closer connection between users and product teams, giving contributors greater opportunities to shape the features and tools they want to see on the platform.
The launch reflects Bitget’s continued focus on community-led innovation as the platform expands across crypto, tokenized assets, equities, commodities, AI-powered trading tools, and multi-asset services. By opening more of the product development process to users, Bitget aims to strengthen the connection between product builders and the communities they serve.
The Bitget Community Product Officer Program is now open to eligible participants worldwide.
To become a Community Product Officer, visit here, learn more about the program here.
About Bitget
Bitget is the world’s largest Universal Exchange (UEX), serving over 125 million users and offering access to over 2M crypto tokens, 100+ tokenized stocks, ETFs, commodities, FX, and precious metals such as gold. The ecosystem is committed to helping users trade smarter with its AI agent, which co-pilots trade execution. Bitget is driving crypto adoption through strategic partnerships with LALIGA and MotoGP™. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. Bitget currently leads in the tokenized TradFi market, providing the industry’s lowest fees and highest liquidity across 150 regions worldwide.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord
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.
A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/02d967cb-2f38-4fdb-83f7-5e2d5b5abcc7
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
RUBICON CARBON OPENS SINGAPORE OFFICE TO SCALE ASIA CARBON MARKETS
KUALA LUMPUR, June 18 (Bernama) -- Rubicon Carbon, a carbon credit investment and management firm, has opened a regional office in Singapore as it expands its presence in Asia and seeks to support the development of high-integrity carbon markets across the region.
In a statement, Rubicon Carbon Chief Executive Officer, Tom Montag said Asia is emerging as a key growth market for carbon trading, driven by increasing corporate demand, policy development and investment activity.
He added that establishing a presence in Singapore would bring the company closer to regional partners and opportunities.
The Singapore office will serve as the company's regional hub for engaging corporate buyers, project developers, governments, investors and other market participants. It will also support efforts to originate and manage carbon projects, structure offtake and financing arrangements, and help translate growing corporate demand into project delivery.
The move strengthens Rubicon Carbon's involvement in the Action for a Resilient Climate (ARC) Coalition, an industry-led, multi-sector initiative launched at the GenZero Climate Summit to aggregate demand for high-integrity carbon credits from corporates and financial institutions.
Rubicon Carbon said it has supported the coalition's development and is working with partners on a blended-finance facility aimed at accelerating investment in scalable climate projects. The initiative supports ARC's goal of procuring at least 10 million tonnes of carbon credits by 2030.
The company has also appointed Flora Ji, former Vice President of Nature-Based Solutions at Shell, as Head of Asia and Head of Asset Management. She will lead Rubicon Carbon's expansion across Asia while overseeing asset management for its global portfolio of carbon projects.
Ji said Asia would play a pivotal role in global climate action in the coming decades and described Singapore as an important hub for carbon markets, finance and regional partnerships.
She said the company aims to work with buyers, investors, project developers and governments to expand financing and delivery solutions for high-quality climate projects.
-- BERNAMA
In a statement, Rubicon Carbon Chief Executive Officer, Tom Montag said Asia is emerging as a key growth market for carbon trading, driven by increasing corporate demand, policy development and investment activity.
He added that establishing a presence in Singapore would bring the company closer to regional partners and opportunities.
The Singapore office will serve as the company's regional hub for engaging corporate buyers, project developers, governments, investors and other market participants. It will also support efforts to originate and manage carbon projects, structure offtake and financing arrangements, and help translate growing corporate demand into project delivery.
The move strengthens Rubicon Carbon's involvement in the Action for a Resilient Climate (ARC) Coalition, an industry-led, multi-sector initiative launched at the GenZero Climate Summit to aggregate demand for high-integrity carbon credits from corporates and financial institutions.
Rubicon Carbon said it has supported the coalition's development and is working with partners on a blended-finance facility aimed at accelerating investment in scalable climate projects. The initiative supports ARC's goal of procuring at least 10 million tonnes of carbon credits by 2030.
The company has also appointed Flora Ji, former Vice President of Nature-Based Solutions at Shell, as Head of Asia and Head of Asset Management. She will lead Rubicon Carbon's expansion across Asia while overseeing asset management for its global portfolio of carbon projects.
Ji said Asia would play a pivotal role in global climate action in the coming decades and described Singapore as an important hub for carbon markets, finance and regional partnerships.
She said the company aims to work with buyers, investors, project developers and governments to expand financing and delivery solutions for high-quality climate projects.
-- BERNAMA
SpaceX Goes Public: SPCX Now Available to Trade Following Historic Nasdaq Debut
LONDON, June 18 (Bernama-GLOBE NEWSWIRE) -- EBC Financial Group (EBC) announced the availability of SpaceX (SPCX) across all EBC platforms. The instrument went live at 16:31 (UTC+3) on Friday, 12 June 2026, is in line with the US market open and the same session SpaceX made its debut on the Nasdaq. The listing followed the largest initial public offering in financial market history: a US$75 billion raise at an issue price of US$135 per share, implying a valuation of about US$1.75 trillion. Shares rose around 19% in their first session to close near US$161, lifting SpaceX’s market value above US$2 trillion. The instrument is available to all EBC clients globally, across both Standard (STD) and Professional (PRO) accounts.
The debut placed SpaceX among the most valuable listed companies in the world from its first session. For traders, it is the first time public-market access has been available to a business that stayed private for more than two decades while building leading positions in launch services, the Starlink satellite network and, since its February 2026 acquisition of xAI.
Same-Day Access to a Landmark Listing
The newly introduced CFD is seamlessly integrated into existing EBC trading infrastructure, eliminating the requirement for distinct onboarding, capital allocations, or minimum subscription thresholds. Both the Standard and Professional accounts carry the instrument, each with its own pricing and execution profile. Traders at different stages, from lower-capital investors to seasoned professionals, can therefore choose the account that suits how they trade.
Trading on Your Own View
EBC supports two-way trading on SpaceX. Bulls can take a long position if they believe Starlink’s recurring revenue, SpaceX’s launch-cost advantage and its NASA and defence contract revenue justify the valuation, while traders may take a short position if they view the pricing as stretched against the capital intensity of the aerospace business and the drawdown risk facing new investors.
Limited-Time Zero Commission on US Stocks
Alongside the listing, EBC is running a limited-time zero-commission offer on US stock and ETF trading, valid from 12 June to 11 September 2026. With commission waived and zero-swap fees on the instrument, the trading costs will reduce significantly, potentially reducing trading costs for clients amid tech IPO boom. This promotion is available only to clients who open an account under EBC Financial Group (SVG) LLC.
A Defining Market Event
SpaceX enters public markets as a vertically integrated group spanning rockets, satellites and, through xAI, artificial intelligence. In its IPO filing, the company set out a stated total addressable market of about US$28.5 trillion, most of it tied to AI and enterprise applications, an ambition some analysts have questioned given how early the company is in those areas. For EBC clients, the practical point is simpler: a company at the centre of that debate is now something they can trade directly, and form their own view on, from within their existing account.
SPCX.OQ is live on EBC platforms. For more information, please visit the EBC Financial Group website at www.ebc.com.
Risk Disclaimer
Trading foreign exchange (FX) and contracts for differences (CFDs) on margin carries a high level of risk and may not be suitable for all investors. Losses can exceed deposits. Past performance does not guarantee future results. Please consider your investment objectives and risk tolerance carefully before trading.
About EBC Financial Group
Founded in London, EBC Financial Group (EBC) is a global brand known for its expertise in financial brokerage and asset management. Through its regulated entities operating across major financial jurisdictions—including the UK, Australia, the Cayman Islands, Mauritius, and others—EBC enables retail, professional, and institutional investors to access global markets and trading opportunities, including currencies, commodities, CFDs and more.
Trusted by investors in over 100 countries and honoured with global awards including multiple year recognition from World Finance, EBC is widely regarded as one of the world’s best brokers with titles including Best Trading Platform and Most Trusted Broker. With its strong regulatory standing and commitment to transparency, EBC has also been consistently ranked among the top brokers—trusted for its ability to deliver secure, innovative, and client-first trading solutions across competitive international markets.
EBC’s subsidiaries are licensed and regulated within their respective jurisdictions. EBC Financial Group (UK) Limited is regulated by the UK’s Financial Conduct Authority (FCA); EBC Financial Group (Cayman) Limited is regulated by the Cayman Islands Monetary Authority (CIMA); EBC Financial Group (Australia) Pty Ltd, and EBC Asset Management Pty Ltd are regulated by Australia’s Securities and Investments Commission (ASIC); EBC Financial (MU) Ltd is authorised and regulated by the Financial Services Commission Mauritius (FSC).
At the core of EBC are a team of industry veterans with over 40 years of experience in major financial institutions. Having navigated key economic cycles from the Plaza Accord and 2015 Swiss franc crisis to the market upheavals of the COVID-19 pandemic. We foster a culture where integrity, respect, and client asset security are paramount, ensuring that every investor relationship is handled with the utmost seriousness it deserves.
EBC is a proud official foreign exchange partner of FC Barcelona and continues to drive impactful partnerships to empower communities – namely through the UN Foundation’s United to Beat Malaria initiative, Oxford University’s Department of Economics, and a diverse range of partners to champion initiatives in global health, economics, education, and sustainability.
https://www.ebc.com/
A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/c9e268f0-38cc-4cf0-bd92-06a5ae03e622
Media Contact:
Aldric Tinker Toyad
Global PR Lead
aldric.tinker@ebc.com
Saiful Shamsudin
Public Relations Executive
saiful.shamsudin@ebc.com
SOURCE: EBC Tech 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
The debut placed SpaceX among the most valuable listed companies in the world from its first session. For traders, it is the first time public-market access has been available to a business that stayed private for more than two decades while building leading positions in launch services, the Starlink satellite network and, since its February 2026 acquisition of xAI.
Same-Day Access to a Landmark Listing
The newly introduced CFD is seamlessly integrated into existing EBC trading infrastructure, eliminating the requirement for distinct onboarding, capital allocations, or minimum subscription thresholds. Both the Standard and Professional accounts carry the instrument, each with its own pricing and execution profile. Traders at different stages, from lower-capital investors to seasoned professionals, can therefore choose the account that suits how they trade.
Trading on Your Own View
EBC supports two-way trading on SpaceX. Bulls can take a long position if they believe Starlink’s recurring revenue, SpaceX’s launch-cost advantage and its NASA and defence contract revenue justify the valuation, while traders may take a short position if they view the pricing as stretched against the capital intensity of the aerospace business and the drawdown risk facing new investors.
Limited-Time Zero Commission on US Stocks
Alongside the listing, EBC is running a limited-time zero-commission offer on US stock and ETF trading, valid from 12 June to 11 September 2026. With commission waived and zero-swap fees on the instrument, the trading costs will reduce significantly, potentially reducing trading costs for clients amid tech IPO boom. This promotion is available only to clients who open an account under EBC Financial Group (SVG) LLC.
A Defining Market Event
SpaceX enters public markets as a vertically integrated group spanning rockets, satellites and, through xAI, artificial intelligence. In its IPO filing, the company set out a stated total addressable market of about US$28.5 trillion, most of it tied to AI and enterprise applications, an ambition some analysts have questioned given how early the company is in those areas. For EBC clients, the practical point is simpler: a company at the centre of that debate is now something they can trade directly, and form their own view on, from within their existing account.
SPCX.OQ is live on EBC platforms. For more information, please visit the EBC Financial Group website at www.ebc.com.
Risk Disclaimer
Trading foreign exchange (FX) and contracts for differences (CFDs) on margin carries a high level of risk and may not be suitable for all investors. Losses can exceed deposits. Past performance does not guarantee future results. Please consider your investment objectives and risk tolerance carefully before trading.
About EBC Financial Group
Founded in London, EBC Financial Group (EBC) is a global brand known for its expertise in financial brokerage and asset management. Through its regulated entities operating across major financial jurisdictions—including the UK, Australia, the Cayman Islands, Mauritius, and others—EBC enables retail, professional, and institutional investors to access global markets and trading opportunities, including currencies, commodities, CFDs and more.
Trusted by investors in over 100 countries and honoured with global awards including multiple year recognition from World Finance, EBC is widely regarded as one of the world’s best brokers with titles including Best Trading Platform and Most Trusted Broker. With its strong regulatory standing and commitment to transparency, EBC has also been consistently ranked among the top brokers—trusted for its ability to deliver secure, innovative, and client-first trading solutions across competitive international markets.
EBC’s subsidiaries are licensed and regulated within their respective jurisdictions. EBC Financial Group (UK) Limited is regulated by the UK’s Financial Conduct Authority (FCA); EBC Financial Group (Cayman) Limited is regulated by the Cayman Islands Monetary Authority (CIMA); EBC Financial Group (Australia) Pty Ltd, and EBC Asset Management Pty Ltd are regulated by Australia’s Securities and Investments Commission (ASIC); EBC Financial (MU) Ltd is authorised and regulated by the Financial Services Commission Mauritius (FSC).
At the core of EBC are a team of industry veterans with over 40 years of experience in major financial institutions. Having navigated key economic cycles from the Plaza Accord and 2015 Swiss franc crisis to the market upheavals of the COVID-19 pandemic. We foster a culture where integrity, respect, and client asset security are paramount, ensuring that every investor relationship is handled with the utmost seriousness it deserves.
EBC is a proud official foreign exchange partner of FC Barcelona and continues to drive impactful partnerships to empower communities – namely through the UN Foundation’s United to Beat Malaria initiative, Oxford University’s Department of Economics, and a diverse range of partners to champion initiatives in global health, economics, education, and sustainability.
https://www.ebc.com/
A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/c9e268f0-38cc-4cf0-bd92-06a5ae03e622
Media Contact:
Aldric Tinker Toyad
Global PR Lead
aldric.tinker@ebc.com
Saiful Shamsudin
Public Relations Executive
saiful.shamsudin@ebc.com
SOURCE: EBC Tech 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
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