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
Subscribe to:
Posts (Atom)