Latest news with #SHIFT
Korea Herald
04-07-2025
- Business
- Korea Herald
Seoul mayor promotes public housing scheme to global counterparts
Seoul Mayor Oh Se-hoon on Thursday promoted the South Korean capital's flagship long-term rental and public housing schemes focused on catering to newlyweds, to more than 60 city leaders at the World Cities Summit Mayors Forum, the Seoul Metropolitan Government said Friday. Oh argued that innovative public housing can temper runaway housing costs and help sustain a rebound in the country's declining birth rate, at the biennial forum, hosted by Singapore's urban redevelopment authority, held at Vienna City Hall from July 2-4. Vienna earned hosting rights as the 2020 Lee Kuan Yew World Cities Prize laureate. Opening the session on housing supply, Oh spotlighted 'SHIFT,' Seoul's long-term public lease system that lets residents lease apartments for up to 20 years at roughly 80 percent of market rates. The model, which won a UN-Habitat Special Scroll of Honor in 2010, has 'resulted in more children per household than conventional public rentals,' the mayor told delegates. He then shed light on 'Mirinae Home,' an upgraded scheme for newlyweds that links lease terms and purchase discounts directly to family size. Couples who have one child can maintain lease contract for two decades, while those with two children may buy the unit at a 10 percent discount and families with three children at 20 percent below market value. Seoul plans to boost Mirinae supply to at least 4,000 units a year beginning in 2026. "High-density Seoul with small land cannot meet demand by simply building new stock,' Oh said at the forum. "The city also acquires aging private homes for remodeling and leases private units on bulk contracts." Roughly 70 percent of its 433,000 public rentals have been secured through these channels, Oh said, pushing Seoul's public-rental share from 5.3 percent in 2010 to 11.2 percent last year.
Al-Ahram Weekly
02-07-2025
- Business
- Al-Ahram Weekly
From risk to resilience: Commvault convenes Egypt's cybersecurity leaders at SHIFT Cairo - Sponsored
Commvault, the global leader in cyber resilience and data protection for the hybrid cloud, successfully concluded its SHIFT Cairo forum, marking a pivotal moment in Egypt's ongoing digital transformation journey. Held on July 1st, the event welcomed more than 300 technology leaders, IT decision-makers, and cybersecurity experts from both the public and private sectors, uniting under a shared mission to advance enterprise resilience in the face of escalating cyber threats. As part of Commvault's global SHIFT roadshow, the Cairo edition was designed to equip organizations with the knowledge, frameworks, and technologies needed to reduce risk and strengthen operational continuity. The agenda featured forward-looking discussions, thought leadership sessions, and fireside chats led by a cross-section of global and regional experts, including voices from Commvault's leadership, strategic technology and e-Finance partners, and leading enterprises in Egypt. Topics centered around real-world approaches to ransomware defense, multi-cloud data protection, AI-driven threat detection, and strategies for aligning cyber readiness with business growth. With ransomware and data exfiltration attacks continuing to disrupt global operations, SHIFT Cairo addressed the urgency for faster recovery, smarter automation, and better alignment between IT, security, and compliance functions. Commvault showcased its latest innovations across intelligent backup, threat response, and cyber recovery, enabling attendees to explore unified solutions that not only protect critical assets, but also help organizations modernize their resilience strategies in an AI-powered world. Commvault's SHIFT has toured major cities including London, Riyadh, Singapore, and Johannesburg, engaging thousands of professionals across key global markets. As Cairo joins this global series, the forum underscores Commvault's commitment to advancing cyber resilience through shared expertise, cross-market collaboration, and practical innovation. By bringing together global insights, local perspectives, and cutting-edge technologies, SHIFT Cairo further solidified Commvault's position as a trusted partner for organizations navigating the evolving digital risk landscape in Egypt and beyond. *Commvault is a worldwide leader in delivering data readiness, enabling customers to intelligently manage data with solutions that store, protect, optimize and use data. Commvault software automates mind-numbing IT tasks and makes data work harder for customers— so they can gain invaluable insights for their businesses. Commvault solutions work across cloud and on-premises environments, leveraging the digital tools and procedures already in use. Commvault software, solutions, and services are available from the company and through a global ecosystem of trusted partners. Commvault employs more than 2,300 highly-skilled individuals across markets worldwide, is publicly traded on NASDAQ (CVLT), and is headquartered in Tinton Falls, New Jersey in the United States. Visit or follow us at @Commvault. Follow us on: Facebook Instagram Whatsapp Short link:
Yahoo
02-06-2025
- Business
- Yahoo
Nexans further enhances its portfolio in Electrification with the acquisition of Cables RCT in Spain
Nexans further enhances its portfolio in Electrification with the acquisition of Cables RCT in Spain Cables RCT is a high-quality, Spanish low-voltage cable producer, with state-of-the-art footprint in Southern Europe and outstanding expertise This acquisition represents an additional milestone in Nexans' strategy to reinforce its footprint in key geographies Paris, June 2nd, 2025 — Nexans, a leader in the global energy transition, has completed today the acquisition of 100% of the share capital of Cables RCT. Based in Spain, Cables RCT offers an extensive copper low-voltage portfolio with a recognized outstanding expertise in flexible fire safety solutions for buildings. The company operates across 30 countries with a strong presence in Iberia. This strategic acquisition reinforces Nexans' commitment to expanding its capabilities in key geographies, by accelerating growth in core market verticals. Founded in 1965, Cables RCT generated 133 million euros of revenues in 2024, employs approximately 175 people and operates one state-of-the-art cable production unit in Zaragoza, as well as logistic facilities in Barcelona, Madrid, Sevilla and Valencia. Furthermore, Cables RCT expects to fully commission within the next few weeks a significant CAPEX program that has been fully funded before the transaction date ; it aims at increasing its production capacity by 25%+ with a focus on fire safety offers to meet growing demand for safer and more sustainable solutions. This acquisition further enhances Nexans' footprint in Southern Europe with highly complementary assets as well as state-of-the-art production capabilities and a strong focus in innovative fire safety products. The move will accelerate Nexans' profitable growth by enhancing efficiency, expanding its portfolio, and driving innovation in the region. Cables RCT's experienced management team will continue to drive future growth and to support Nexans in delivering the substantial deal synergies . Nexans expects meaningful shareholder value creation through an appealing synergies case, fully leveraging Cables RCT's recently upgraded industrial footprint while implementing Nexans' proven proprietary programs, SHIFT. Christopher Guérin, Nexans' CEO said: 'The acquisition of Cables RCT marks another decisive step in executing our strategic ambition to become a Pure Player in Electrification. It will strengthen Nexans' presence in key geographies and accelerate our momentum in selected markets in line with the Group's strategy. We are delighted to welcome Cables RCT team to develop the business and further create value together.' Gonzalo Mateos Tobajas, Cables RCT CEO, emphasized: 'We are proud to join a group that shares our core values and our vision for the future. This ensures continuity – for our people, our customers, and our know-how – while giving Cables RCT the means to respond even more effectively to growing regulatory and technological demands in the field of electrification.' About Nexans For over a century, Nexans has played a crucial role in the electrification of the planet and is committed to electrifying the future. With approximately 28,500 people in 41 countries, the Group is paving the way to a new world of safe, sustainable and decarbonized electricity that is accessible to everyone. In 2024, Nexans generated €7.1 billion in standard sales. The Group is a leader in the design and manufacturing of cable systems and services across four main business areas: PWR-Transmission, PWR-Grid, PWR-Connect and Industry & Solutions. Nexans was the first company in its industry to create a Foundation supporting sustainable initiatives, bringing access to energy to disadvantaged communities worldwide. The Group is recognized as a global leader on climate action and has committed to Net-Zero emissions by 2050 aligned with the Science Based Targets initiative (SBTi). Nexans. Electrify the Future. Nexans is listed on Euronext Paris, compartment more information, please visit Contacts Investor relations Audrey BourgeoisTel.: +33 (0)1 78 15 00 Communication Mael Evin (Havas Paris) Tel. : +33 (0)6 44 12 14 91nexans_h@ Olivier Attachment 20250602 Nexans further enhances its portfolio in electrification with the acquisition of Cables RCT in SpainError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
05-05-2025
- Automotive
- Zawya
SHIFT concludes Arabian Travel Market participation with ZEEKR
Dubai, UAE – SHIFT Car Rental wrapped up its participation at Arabian Travel Market 2025 with a clear message: the future of mobility lies in sustainable, scalable, and technology-driven leasing. SHIFT used its platform at the region's prime travel and tourism event to spotlight solutions that meet evolving driver needs. A highlight of the SHIFT stand was the official unveiling of its partnership with ZEEKR, the premium EV brand recently added to the AWR Group portfolio. This marked their first joint appearance at a public event, offering a platform to outline the shared value of the collaboration. Visitors at Arabian Travel Market had the opportunity to experience ZEEKR's groundbreaking electric vehicles firsthand, with the ZEEKR 001 on display. The partnership not only signals the future of eco-conscious mobility in the travel and tourism sectors but also reinforces SHIFT's commitment to cleaner, smarter transportation. Through this venture, SHIFT is expanding its fleet with advanced electric models while introducing tailored leasing packages that make premium EVs more accessible to corporate fleets, hospitality operators, and the wider mobility ecosystem. Sanaa Ouahmane, CEO of AWR Mobility Services and AWR Trading, expressed her pride in the brand's ongoing evolution: 'SHIFT's year-on-year growth is something we are all very proud of. New offerings, relevant collaborations, including our strategic partnership with ZEEKR, and market expansions reflect how the company continues to prioritize the customer experience.' She added: 'By introducing premium electric vehicles and expanding access to eco-friendly mobility solutions, SHIFT is delivering flexible, future-ready options that meet real-world needs while actively supporting the UAE's national sustainability agenda.' ZEEKR's debut at ATM further highlights the brand's growing footprint in the UAE's premium EV market, showcasing its commitment to innovation and sustainable luxury. As a key partner, Shift Leasing continues to drive forward with its green mobility solutions, delivering smarter options for businesses and customers alike. 'ZEEKR's presence at ATM marks a significant milestone for our premium electric brand in the UAE,' said Roberto Colucci, Director of Electric Vehicles at AW Rostamani Group. 'It signals our intent to integrate high-performance EVs into sectors where innovation and sustainability are no longer optional — they're expected. Through partners like SHIFT, we're enabling businesses to transition toward smarter, cleaner fleets without compromising on luxury or experience.' The stand also highlighted SHIFT Car Rental's broader innovation efforts, including custom online dashboards that allow corporate clients to monitor and manage their fleets in real time. These tailored digital platforms provide access to usage data, electronic billing, service scheduling, and dedicated technical support, enabling over 2,000 clients to oversee more than 13,000 vehicles with precision and efficiency. With award-winning standards, ISO certification, and a specific commercial division for van and truck rental, SHIFT continues to deliver cost-effective, future-ready mobility services across the emirates. Its ATM presence reflected both market leadership and a firm commitment to helping the public meet their vehicular goals. About SHIFT Car Rental SHIFT Car Rental, part of the AW Rostamani Group's AWR Mobility Services, is a leading provider of premium car rental and fleet management solutions in the UAE. SHIFT provides all-around commercial packages for both short-term and long-term vehicle leasing. SHIFT Car Rental understands the unique concerns of its clients, providing customized top-of-the-line solutions that suit both individuals and businesses. With a keen focus on innovative technology, SHIFT ensures seamless communication and collaboration through a dedicated web portal connected to high-speed, state-of-the-art servers. ISO-certified and recognized with the Sheikh Khalifa Excellence Award (SKEA) and the Dubai Quality Appreciation Programme (DQAP) Award, SHIFT is the only car rental company to have won both awards. Serving over 700 corporate clients and managing a robust fleet of more than 13,000 vehicles, SHIFT supplies efficient and cost-effective vehicle management options, delivering reliable, flexible, and top-notch service that exceeds expectations. With a commitment to quality, SHIFT offers innovative features such as auto service reminders, personalized toll-free support, spot rentals, and e-billing through an online dashboard. Additionally, SHIFT provides 24/7 roadside and accident assistance, along with hassle-free maintenance scheduling. About Zeekr Zeekr Group, headquartered in Zhejiang, China, is the world's leading premium new energy vehicle group from Geely Holding Group. With two brands, Lynk & Co and Zeekr, Zeekr Group aims to create a fully integrated user ecosystem with innovation as a standard. Utilizing its state-of-the-art facilities and world-class expertise, Zeekr Group is developing its own software systems, e-powertrain and electric vehicle supply chain. Zeekr Group's values are equality, diversity, and sustainability. Its ambition is to become a true global new energy mobility solution provider. Zeekr (NYSE: ZK) is the global premium electric mobility technology brand from Geely Holding Group. Zeekr aims to create a fully integrated user ecosystem with innovation as a standard. The brand utilizes Sustainable Experience Architecture (SEA) and develops its own battery technologies, battery management systems, electric motor technologies, and electric vehicle supply chain. Zeekr's value is equality, diversity, and sustainability. Its ambition is to become a true mobility solution provider. Zeekr operates its R&D centers and design studios in Gothenburg, Ningbo, Hangzhou, and Shanghai and boasts state-of-the-art facilities and world-class expertise. Since Zeekr began delivering vehicles in October 2021, the brand has delivered more than 440,000 vehicles to date including the Zeekr 001, Zeekr 001 FR, Zeekr 009 MPV, Zeekr X urban SUV, Zeekr 007, Zeekr 7X and Zeekr MIX. Zeekr has announced plans to sell vehicles in global markets, and has an ambitious roll-out plan over the next 5 years to satisfy the rapidly expanding global EV demand About AW Rostamani (AWR) Group AW Rostamani Group is a multi-sector, multi-market group and one of the most progressive companies in the Middle East. With a legacy spanning over seven decades, AWR Group employs 3,000 individuals, serving a diverse customer base of over 155,000 individuals and 24,000 businesses. Its core verticals include mobility, real estate, logistics, lifestyle, lighting solutions, travel, agritech, and sustainable packaging. More than just serving the present, AWR Group embraces generation next. It builds purposeful businesses to enrich the lives of every generation, striving to make a meaningful and enduring impact on business, people, and the world. Built on a bedrock of strong founding values, AWR Group continues to evolve with the times and ahead of them, at work for a planet that prospers.
Yahoo
24-03-2025
- Science
- Yahoo
NASA takes to the skies for ‘first-of-a-kind' study of California wildflower blooms
There's more to the California wildflower blooms than meets the human eye, experts say. NASA's Caltech Jet Propulsion Laboratory released findings on Monday surrounding a 'first-of-a-kind' study of flower cycles in the Golden State that could serve as a potential new tool for farmers and natural resource managers. The study employed a JPL-built imaging spectrometer that mapped thousands of acres of nature preserve in hundreds of wavelengths of light, capturing flowers as they blossomed and aged over the course of months. Super bloom substitute: Where to see California wildflowers even in drier years According to JPL research scientist David Schimel, the experiment was the first time the instrument had been deployed to track vegetation steadily through the growing season, making it a 'first-of-a-kind study.' The imaging spectrometer allows for large scale analysis, as opposed to the boots-on-the-ground observations and time-lapse photography methods that are typically used but aren't as good as capturing broader changes. 'One challenge is that compared to leaves or other parts of a plant, flowers can be pretty ephemeral,' said the study's lead author, Yoseline Angel, who is a scientist at the University of Maryland-College Park and NASA's Goddard Space Flight Center. 'They may last only a few weeks.' California officials release new fire hazard map: Check your neighborhood Thus, scientists took to the skies to analyze the flower blooms' most spectacular qualities: their vibrant colors. For example, during a six-month long 2022 aerial vegetation survey of two reserves in Santa Barbara County, scientists observed two native shrub species and were able to identify different flowering stages and spectral differences among flowers, leaves and background cover that crowded the image. Experts stated that this study paves the way for more air- and space-based studies of flowering plants, which represent around 90% of all plant species on land, according to NASA. The data and technology could also support farmers and natural resource managers who depend on these flowering plants – along with insects and other pollinators – to produce commodities such as fruit, nuts, cotton and medicines. The wildflower study was part of the Surface Biology and Geology High-Frequency Time Series (SHIFT) campaign jointly led by the Nature Conservancy, UCSB and the Jet Propulsion Laboratory, which is located at Caltech in Pasadena. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
