Latest news with #digitaltechnologies
South China Morning Post
4 days ago
- Business
- South China Morning Post
Global sovereign wealth funds increasing allocations to Chinese assets: Invesco
Global sovereign wealth funds are increasing their allocations to Chinese assets, betting on the country's prowess in digital technologies, renewable energy and advanced manufacturing to drive returns and hedge geopolitical risks, according to an Invesco study. Nearly 60 per cent of sovereign wealth funds said they planned to increase their investments in China over the next five years, higher than in 2024, the study revealed on Monday. The Invesco Global Sovereign Asset Management study was conducted between January and March, just before the US rolled out tariffs on its trading partners , including China. The study also coincided with global excitement over China's home-grown, cost-effective chatbot from DeepSeek Interest in Chinese assets was particularly pronounced among sovereign funds in Asia-Pacific and Africa, with 88 per cent and 80 per cent, respectively, expressing intentions to increase their investments. Around 73 per cent of North American funds, which are focused on long-term structural opportunities, showed a willingness to increase their exposure to China. The global funds cited several factors when justifying their increased China investments. Some 71 per cent identified strong returns made in China, 63 per cent said they wanted to diversify and 45 per cent cited increased market access for foreign investors. The most attractive sectors for investment in China were digital technology and software, advanced manufacturing and automation, and clean energy and green technology, the report said.
Yahoo
7 days ago
- Business
- Yahoo
Match Group Earnings Preview: What to Expect
Dallas, Texas-based Match Group, Inc. (MTCH) provides digital technologies designed to help people make meaningful connections. Valued at a market cap of $8.2 billion, the company operates a portfolio of more than 45 brands, including Tinder, PlentyOfFish, Meetic and OkCupid. It is expected to announce its fiscal Q2 earnings for 2025 on Tuesday, July 29. Ahead of the event, analysts project this online dating service company to report a profit of $0.58 per share, up 20.8% from $0.48 per share in the year-ago quarter. The company has met or exceeded Wall Street's bottom-line estimates in three of the last four quarters, while missing on another occasion. This Underdog AI Stock Just Got a New Street-High Price Target 'The Most Patriotic Thing You Can Do Is Not Pay the IRS' Says Grant Cardone as OBBBA Signed into Law — Here's How Much You'll Save Texas Just Passed Quantum Computing Legislation. How Should You Play IONQ Stock Here? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. For the full year, analysts expect MTCH to report EPS of $2.51, up 12.6% from $2.23 in fiscal 2024. Its EPS is expected to further grow 17.1% year over year to $2.94 in fiscal 2026. MTCH has soared 6.2% over the past 52 weeks, falling behind both the S&P 500 Index's ($SPX) 12.3% rise and the Communication Services Select Sector SPDR Fund's (XLC) 22.7% uptick over the same time frame. On May 8, Match Group reported Q1 2025, and its stock dropped 9.6% as concerns over core business performance took center stage. Revenue declined 3% year over year, and the number of paying users fell by 5% to 14.2 million, highlighting ongoing engagement challenges. Adjusted operating income edged down to $275 million. Despite introducing new AI-driven features and projecting Q2 revenue between $850 million and $860 million, the guidance suggests stagnant or weakening growth, particularly among Gen Z users, fueling continued investor caution. Wall Street analysts are moderately optimistic about Match Group's stock, with a "Moderate Buy" rating overall. Among 22 analysts covering the stock, seven recommend "Strong Buy," one suggests a 'Moderate Buy,' and 14 advise 'Hold.' The mean price target for MTCH is $34.05, which indicates a potential upside of 3.6% from the current levels. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Zawya
02-07-2025
- Politics
- Zawya
Communications Committee Invites Comments on Candidates Shortlisted for Interviews to Fill Media Development and Diversity Agency (MDDA) Board Vacancies
The Portfolio Committee on Communications and Digital Technologies is inviting members of the public to comment on the nine candidates shortlisted for interviews to fill two vacancies on the Board of the Media Development and Diversity Agency (MDDA). The shortlisted candidates are Dr Lario Malungana-Mantsha, Ms Melanie Roy, Dr Natalie Skeepers, Ms Chantel Manuel, Dr Rofhiwa Mukhudwana, Ms Sithembile Nkosi, Ms Moipone Malefane, Ms Onkgopotse Phala, and Ms Sandika Daya. Their abridged profiles are published on the Parliament website using this link: The process of filling the two vacancies on the Board of the MDDA is done in terms of section 4(1)(b) of the MDDA Act. Members of the public who wish to comment on the candidates have until the end of business on Tuesday, 8 July 2025. Distributed by APO Group on behalf of Republic of South Africa: The Parliament.
Zawya
23-06-2025
- Business
- Zawya
Oman to enhance AI contributions to national economy
Muscat: Oman is actively working to enhance the contribution of artificial intelligence (AI) to the national economy by increasing the number of specialised startups and expanding research and scientific investment in this vital field. In September 2024, the Council of Ministers approved the National Programme for Artificial Intelligence and Advanced Digital Technologies as part of a comprehensive strategic plan built on three main pillars: 1. Promoting the adoption of AI across economic and developmental sectors 2. Localising AI technologies by supporting homegrown solutions and developing national capabilities so that Oman becomes a producer and developer of digital technologies 3. Governing AI applications with a human-centric vision, creating a flexible regulatory environment that ensures the ethical and effective use of emerging technologies. Hassan bin Fada Hussein Al Lawati, Head of the National Programme for AI and Advanced Digital Technologies at the Ministry of Transport, Communications and Information Technology, highlighted that the programme benefits key economic, development, and service sectors that directly impact citizens' quality of life. In a statement to the Oman News Agency, Al Lawati noted that Oman advanced five spots in the Oxford Insights Government AI Readiness Index, ranking 45th globally out of 193 countries in 2024, up from 50th in 2023. Regionally, Oman ranks 5th in MENA and 4th among GCC states, with ambitions to join the global top 30. The programme targets a 20% annual increase in the number of AI-focused tech startups, which have already grown from fewer than 10 at the programme's inception to over 25 today. Cumulative investments in AI projects have reached approximately OMR60 million over the past four years, with plans to increase investment by 20% annually. The Ministry has also launched the 'AI Innovators' initiative in collaboration with the University of Technology and Applied Sciences to promote AI knowledge production and honor top researchers, scientific papers, and projects. Additionally, Al-Lawati mentioned the 'Engineer IT with AI' competition, designed to localise and encourage generative AI innovation, empower national talent, and increase economic returns through startup creation and performance benchmarks. A specialised initiative titled 'Humanising AI' has also been introduced to ensure a balanced approach that integrates technological empowerment with human-centred service delivery and inclusive access for all segments of society. © Muscat Media Group Provided by SyndiGate Media Inc. (
Times of Oman
21-06-2025
- Business
- Times of Oman
Oman to enhance AI contributions to national economy
Times News Service Muscat: Oman is actively working to enhance the contribution of artificial intelligence (AI) to the national economy by increasing the number of specialised startups and expanding research and scientific investment in this vital field. In September 2024, the Council of Ministers approved the National Programme for Artificial Intelligence and Advanced Digital Technologies as part of a comprehensive strategic plan built on three main pillars: 1. Promoting the adoption of AI across economic and developmental sectors 2. Localising AI technologies by supporting homegrown solutions and developing national capabilities so that Oman becomes a producer and developer of digital technologies 3. Governing AI applications with a human-centric vision, creating a flexible regulatory environment that ensures the ethical and effective use of emerging technologies. Hassan bin Fada Hussein Al Lawati, Head of the National Programme for AI and Advanced Digital Technologies at the Ministry of Transport, Communications and Information Technology, highlighted that the programme benefits key economic, development, and service sectors that directly impact citizens' quality of life. In a statement to the Oman News Agency, Al Lawati noted that Oman advanced five spots in the Oxford Insights Government AI Readiness Index, ranking 45th globally out of 193 countries in 2024, up from 50th in 2023. Regionally, Oman ranks 5th in MENA and 4th among GCC states, with ambitions to join the global top 30. The programme targets a 20% annual increase in the number of AI-focused tech startups, which have already grown from fewer than 10 at the programme's inception to over 25 today. Cumulative investments in AI projects have reached approximately OMR60 million over the past four years, with plans to increase investment by 20% annually. The Ministry has also launched the 'AI Innovators' initiative in collaboration with the University of Technology and Applied Sciences to promote AI knowledge production and honor top researchers, scientific papers, and projects. Additionally, Al-Lawati mentioned the 'Engineer IT with AI' competition, designed to localise and encourage generative AI innovation, empower national talent, and increase economic returns through startup creation and performance benchmarks. A specialised initiative titled 'Humanising AI' has also been introduced to ensure a balanced approach that integrates technological empowerment with human-centred service delivery and inclusive access for all segments of society.
