Asianet Pakistan, Author at Daily Balochistan Times

March 18, 2025

Bitget Hosts First-Ever Ramadan Iftar Night in Dubai for MENA Community, Raising Funds for 100,000 Meals

Ramadan Iftar Night

Bitget Hosts First-Ever Ramadan Iftar Night in Dubai for MENA Community, Raising Funds for 100,000 Meals

VICTORIA, Seychelles, March 18, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, hosted a Ramadan Iftar night, gathering blockchain pioneers, crypto investors, and industry experts for an evening of networking, collaboration, and reflection. The event highlighted the spirit of Ramadan while aligning with Bitget’s broader initiative to donate 100,000 meals to vulnerable communities. The event is co-hosted with Cypher Capital and IO.net.

The Iftar night provided a platform for meaningful dialogue among attendees, who broke their fast together in a warm, inclusive atmosphere. Discussions centered on blockchain innovation, market trends, and opportunities for collective growth, showing the blockchain industry’s potential to drive social impact.

Bitget initially pledged 10,000 meals, and extended donation matches to all donations, a dollar for a dollar to double the efforts of the community. With the generous support, the gathering reflected the essence of Ramadan, emphasizing compassion, reflection, and collective growth. Guests enjoyed a traditional Iftar meal while exploring collaborative opportunities and discussing the future of blockchain technology. By fostering connections among blockchain enthusiasts, Bitget aimed to highlight the importance of community-driven initiatives in advancing innovation and inclusivity within the crypto ecosystem.

The Iftar night event aligns with Bitget’s 100,000-meal donation initiative. Attendees contributed through donations, with Bitget matching each dollar raised.

Ramadan Iftar Night

Bitget Hosts First-Ever Ramadan Iftar Night in Dubai for MENA Community, Raising Funds for 100,000 Meals

“Ramadan is a time for reflection, gratitude, and giving back. By bringing together leaders, investors and experts from the blockchain space and supporting those in need through our meal donation program, we aim to embody the values of compassion and unity,” said Vugar Usi Zade, COO of Bitget. “We’re committed to doing our part, and we’ll keep pushing to help as many people as we can—not just during Ramadan, but every chance we get.”

The 100,000-meal initiative targets vulnerable communities in regions facing significant challenges, aiming to alleviate hunger during the holy month. To achieve the fundraising target, Bitget has introduced initiatives encouraging participation from users, VIP clients, and influencer partners. Exclusive auctions featuring memorabilia from partnerships with La Liga also go towards the fundraiser.

Bitget’s Ramadan Iftar Night celebrated cultural traditions and promoted popularization of technology and humanitarian efforts. In a total so far, Bitget has raised 42604 meals aiming to surpass 100,000 anticipating auction results and events upcoming in Jakarta and Malaysia. The blockchain industry continues to evolve, Bitget remains steadfast in its pledge to empower communities, drive innovation, and create lasting positive impact.

Ramadan Iftar Night

Bitget Hosts First-Ever Ramadan Iftar Night in Dubai for MENA Community, Raising Funds for 100,000 Meals

Ramadan Iftar Night

Bitget Hosts First-Ever Ramadan Iftar Night in Dubai for MENA Community, Raising Funds for 100,000 Meals

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

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.

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/f05ecca2-3fbe-45f9-8477-2fc955aa7d3d

https://www.globenewswire.com/NewsRoom/AttachmentNg/05b3adea-092e-4ffa-92ca-0ebf42710bef

https://www.globenewswire.com/NewsRoom/AttachmentNg/7c2ba72c-9d67-43ed-ab12-6ee7aa378aaf

https://www.globenewswire.com/NewsRoom/AttachmentNg/63374c99-9629-4953-b319-86f8ef988469

GlobeNewswire Distribution ID 1001054593

March 18, 2025

LyondellBasell and Covestro announce permanent closure of PO11 unit at Maasvlakte

The Maasvlakte site, a joint venture between LYB and Covestro.

Photo credit: Alex Lokker.

MAASSVLAKTE, Netherlands, March 18, 2025 (GLOBE NEWSWIRE) — LyondellBasell (LYB) and Covestro have jointly decided to permanently close the Propylene Oxide Styrene and Monomer (POSM) production unit (PO11) at the Maasvlakte site in the Netherlands. This decision comes after thorough and careful consideration and is driven by the continued pressure on Maasvlakte’s profitability due to global overcapacities, a strong increase of imports from Asia and high costs of European production. Unfortunately, this situation is expected to continue, so longer-term profitable production is not anticipated.

“While the decision to shut down the PO11 unit is difficult, we must ensure all assets within our portfolio are a long-term strategic fit,” said Aaron Ledet, executive vice-president, I&D and Supply Chain. “We are prioritizing our core assets which play a key role in our technology differentiation and circularity or provide attractive returns over the cost of capital. We take our obligations toward our employees, European employee reps, councils and unions seriously. We have engaged with them in line with these obligations and will continue to do so. We would like to thank them for the constructive dialogue. We are also in communication with customers, suppliers and other parties across the value chain and will continue to do business as usual. There is no change to our working relationship, and we continue to focus on providing an exceptional customer and supplier experience.”

“As part of our Sustainable Future Strategy, we’re continuously working to optimally position Covestro to be a reliable partner for our customers and to operate competitively in a challenging market environment,” said Hermann-Josef Dörholt, head of the Performance Materials Business Entity at Covestro. “Due to global overcapacities, persistently weak demand, and high costs in Europe, we have jointly decided with LYB to close the PO11 plant. We will support LYB in implementing this change as socially responsibly as possible. At the same time, we remain committed to the European market and will continue to supply customers with our renowned polyether polyols portfolio.”

The Maasvlakte site, a joint venture between LYB and Covestro, has been operational in the Rotterdam region since 2003. Between now and the end of 2026, LYB will carry out a process to safely shut down and prepare for the demolition of the asset.

In 2024, LYB announced a strategic review of European assets of its Olefins & Polyolefins (O&P) and Intermediates & Derivatives (I&D) business units. LYB has taken the next step in evaluating the option to seek alternative ownership for the O&P sites in the strategic assessment. At this time no decisions have been made and various outcomes remain possible.

About LyondellBasell
We are LyondellBasell (NYSE: LYB) ― a leader in the global chemical industry creating solutions for everyday sustainable living. Through advanced technology and focused investments, we are enabling a circular and low carbon economy. Across all we do, we aim to unlock value for our customers, investors, and society. As one of the world’s largest producers of polymers and a leader in polyolefin technologies, we develop, manufacture and market high-quality and innovative products for applications ranging from sustainable transportation and food safety to clean water and quality healthcare. For more information, please visit www.lyondellbasell.com or follow @LyondellBasell on LinkedIn.

About Covestro
Covestro is one of the world’s leading manufacturers of high-quality polymer materials and their components. With its innovative products, processes and methods, the company helps enhance sustainability and the quality of life in many areas. Covestro supplies customers around the world in key industries such as mobility, building and living, as well as the electrical and electronics sector. In addition, polymers from Covestro are also used in sectors such as sports and leisure, telecommunications and health, as well as in the chemical industry itself.

The company is geared completely to the circular economy. In addition, Covestro aims to achieve climate neutrality for its Scope 1 and Scope 2 emissions by 2035, and the Group’s Scope 3 emissions are also set to be climate neutral by 2050. Covestro generated sales of EUR 14.2 billion in fiscal year 2024. At the end of 2024, the company had 46 production sites worldwide and employed approximately 17,500 people (calculated as full-time equivalents).

Media Inquiries LYB Global
LyondellBasell Media Relations
Phone: +1-713-309-7575
Email: [email protected]

Or:

Media Inquiries LYB Europe
Robert Kleissen, External Affairs Europe
Phone: +31-6-273-573-98
Email: [email protected]

Media Inquiries Covestro
Markus Kleine-Beck, Corporate Trade Media Relations
Phone: +49-173-2320-686
Email: [email protected]

Svenja Paul, Corporate Media Relations
Phone: +49-214-6009-2814
Email: [email protected]

Forward-Looking Statements LYB
The statements in this release relating to matters that are not historical facts are forward-looking statements. Actual results could differ materially based on factors including, but not limited to, our ability to align our asset base with our strategic goals; and our ability to safely shut the asset described down and conduct demolition. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in the “Risk Factors” section of our Form 10-K for the year ended December 31, 2024, which can be found at www.LyondellBasell.com on the Investor Relations page and on the Securities and Exchange Commission’s website at www.sec.gov. There is no assurance that any of the actions, events or results of the forward-looking statements will occur, or if any of them do, what impact they will have on our results of operations or financial condition. Forward-looking statements speak only as of the date they were made and are based on the estimates and opinions of management of LyondellBasell at the time the statements are made. LyondellBasell does not assume any obligation to update forward-looking statements should circumstances or management’s estimates or opinions change, except as required by law.

Forward-Looking Statements Covestro
This news release may contain forward-looking statements based on current assumptions and forecasts made by Covestro AG. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Covestro’s public reports, which are available at www.covestro.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ab7935cb-361b-4c8f-82f7-81f1b6bcd387

GlobeNewswire Distribution ID 9394819

March 18, 2025

Swiss-Belhotel International Wins Leading Industry Awards

HONG KONG SAR – Media OutReach Newswire – 18 March 2025 – Swiss-Belhotel International, a global hospitality management group with a diverse portfolio of over 150+ hotels in 20 countries, has been recognised with multiple prestigious industry awards in 2024 and the first quarter of 2025. These accolades highlight the group’s unwavering commitment to Passion and Professionalism, ensuring that every aspect of its operations – from guest experiences to hotel management – reflects Swiss efficiency combined with Asian hospitality and warmth.

Gavin M. Faull and Christopher Luxon, Prime Minister of New Zealand.

Gavin M. Faull, Chairman and President of Swiss-Belhotel International, expressed his gratitude for the recognitions, stating: “Receiving these distinguished awards is nothing short of extraordinary. We are incredibly proud of these achievements, which are a testament to the dedication, passion, and perseverance of our entire team. At Swiss-Belhotel International, we are deeply committed to delivering value to our owners while continuously investing in our most precious asset – our people. Our success is built on a foundation of operational excellence and exceptional guest experiences. These accolades reaffirm our strategy of sustainable growth and our ability to adapt to evolving market demands while maintaining the highest standards of hospitality. As we look ahead to 2025, we will continue to set new milestones – seizing new opportunities, enhancing our offerings, streamlining our operations, and further empowering our exceptional team.”

Among the awards received by the group are the Legacy Family Business Award Asia Pacific at the Family Business Association Excellence Awards 2024 (May 2024) and the EY Entrepreneur of The Year 2024 New Zealand Family Business Award (November 2024), both recognising the contributions of Gavin M. Faull and the Faull Family in shaping a legacy of excellence in hospitality. Additionally, Swiss-Belhotel International was awarded Hotel & Resort Management of the Year at the Travel Trade Excellence Awards 2025 by Travel Daily Media (February 2025), further reinforcing its strong market position. The group’s dedication to long-term partnerships and sustainability was acknowledged with The Most Excellence in Sustained Partnership Award at the GarudaMiles Loyalty Summit 2025 (February 2025) and the Excellence Award in the Sustainable Hospitality category from ESG Business Awards 2024 in Hong Kong (September 2024).

With 18 brands and a strong presence across 20 countries, Swiss-Belhotel International is recognised for its world-class management models, multi-brand strategy, and owner-centric approach, ensuring each property thrives in its respective market.

https://www.swiss-belhotel.com/
https://www.linkedin.com/company/swiss-belhotel-international/
https://www.instagram.com/swissbelhotel/

Hashtag: #swissbelhotel #swissbelhotelinternational #awardswinninghotel #awardswinning #hotelawards #hotelrecognition #gavinfaull #familybusinessawards #esgbusinessawards

The issuer is solely responsible for the content of this announcement.

March 18, 2025

Motion Ventures launches largest-ever maritime tech fund at $100M to meet the industry’s new pace of adoption

The venture firm’s landmark second fund also grows its strategic backing to more than 17 industry corporations, making it the only consortium of this size for the maritime value chain

Singapore, March 18, 2025 (GLOBE NEWSWIRE) — Motion Ventures has unveiled its US$100 million second fund (Motion Ventures Fund II or “Fund II”) the largest maritime-focused tech fund to date.

“We launched Motion Ventures with the belief that maritime is entering a new era—one where technology, capital, and industry collaboration converge to redefine the sector’s trajectory. In recent years, we’ve seen digitalisation and decarbonisation shift from ideas to industry imperatives. Fund II goes beyond writing bigger checks; it’s about uniting the right founders, corporate leaders, and strategic allies to accelerate an industry-wide shift, ensuring that solutions can be tested, adopted, and scaled faster than ever before,” said Shaun Hon, Founder and General Partner of Motion Ventures.

Over the next 18–24 months, Fund II aims to deploy cheques of US$250,000 to US$10,000,000 into at least 25 companies, targeting solutions that digitise and decarbonise the global maritime supply chain.

The Motion Ventures team, investors and advisors.

By design, the new fund can now back startups developing more asset-intensive hardware solutions, recognising that maritime innovation demands solutions beyond software alone—an evolution spurred by growing corporate demand for deeper, faster progress in sustainability, vessel operations, and port modernisation.

To date, Motion Ventures has raised more than half of Fund II’s target with investments already deployed in OceanScore and Fernride. These developments cement Motion Ventures position as maritime’s most active investor, having done more than 30 investments across Fund I and Fund II, while expanding its industry consortium to 17 major maritime and supply chain stakeholders across both funds—the broadest partnership of its kind.

Fund II builds on the proven track record of Motion Ventures’ inaugural fund. Launched in 2021, Motion Ventures Fund I has already generated two profitable exits, placing the firm in the top 10% of 2021 vintage VC funds globally. The firm’s broader deal pipeline is underscored by a rigorous investment process, which has seen them evaluate more than 8,000 startups since its inception in 2021.

Nakul Malhotra, Vice President – Emerging Opportunities Portfolio at Wilhelmsen Group said: Being part of Motion Ventures’ journey from a concept into one of the most active maritime investors has been remarkable. We value industry collaboration and are impressed to see the dedication and focus they bring to the early-stage venture capital space for an industry that is hungry for innovative solutions with robust value propositions. With Fund II, they’re scaling that impact even further, and we’re proud to remain a cornerstone partner on this journey.”

Albrecht Grell, Managing Director of OceanScore said: “Maritime is the backbone of commerce, but it’s time to move faster and bolder, especially when building digital solutions in the compliance space. Shaun and the Motion Ventures team get that. Having them on our cap table has fast-tracked our expansion into new markets and helped to unlock access to a strategic network within the shipping community. With their support and deep sector expertise, we’re on track to building our global leadership in maritime compliance solutions.

⁠Jan Holm, Advisor to Motion Ventures said: “The maritime industry is no stranger to complexity, but the challenges we face now—from lowering emissions to digitizing operations—require a new level of collaboration. By pairing ambitious founders with strategic backers, Fund II represents a crucial step forward: bringing together fresh solutions, both digital and hardware-based, and fast-tracking their path to scale. It’s a boost this industry has been waiting for.”

This consortium-driven approach is the cornerstone of Motion Ventures’ value creation. The Motion Ventures Alliance, a network of over 80 seasoned maritime executives, provides portfolio companies with expert mentorship, enterprise access, and swift pilot opportunities.

Looking ahead, Motion Ventures aims to be the catalyst that transforms global maritime supply chains, now backed by the largest dedicated fund in the sector’s history. The maritime digitisation market alone is projected to reach $423.4 billion by 2031, and mounting pressure from regulators and customers alike demands faster progress. Fund II will harness that momentum, uniting startups and industry leaders to deliver cleaner, more efficient operations and, ultimately, shape the future of maritime commerce.

ENDS

Media images can be found here.

About Motion Ventures
Motion Ventures is a venture capital fund catalysing digital and energy transitions across global supply chains. Backed by a unique network of corporate leaders, industry executives, and government partners, we empower founders to navigate complexities and achieve unparalleled success. Our collaborative approach, engaging stakeholders across and beyond the maritime sector, drives transformative changes that reshape global supply chains. For more information please visit: https://www.motion.vc/

For further information please contact the Motion Ventures press office: 
Bilal Mahmood ([email protected] and +44 (0) 771 400 7257); or Rachael De Foe ([email protected])

GlobeNewswire Distribution ID 1001054365

March 18, 2025

Zoom Named to Fast Company’s Annual List of the World’s Most Innovative Companies of 2025

The AI-first open work platform joins the ranks of Waymo, Nvidia, Duolingo, and more

SAN JOSE, Calif., March 18, 2025 (GLOBE NEWSWIRE) — Zoom Communications, Inc. (NASDAQ: ZM), has been named to Fast Company’s prestigious list of the World’s Most Innovative Companies of 2025 for the second year in a row. This year’s list shines a spotlight on businesses that are shaping industry and culture through their innovations to set new standards and achieve remarkable milestones in all sectors of the economy. Alongside the World’s 50 Most Innovative Companies, Fast Company recognizes 609 organizations across 58 sectors and regions.

“Inclusion on the 2025 Fast Company List of the Most Innovative Companies for the second year in a row is a recognition of the vision, leadership, and dedication of our teams to continually advance Zoom’s AI-first open work platform to enable human connection, ” said Smita Hashim, chief product officer at Zoom. “At Zoom, we are reshaping the way people collaborate with AI at the core. This recognition is a testament to the speed and scale of our innovation as we meet our customers where they are, helping them work smarter, collaborate better, and achieve more.”

Zoom has evolved from a video meetings company into an open AI-first work platform built for human connection, helping customers accelerate their productivity, reimagine teamwork, and create seamless customer experiences with Zoom Workplace and Zoom Business Services.

Just yesterday at Enterprise Connect, Zoom announced the expansion of AI Companion across its entire platform with agentic skills, agents, and models to deliver high-quality results and help users improve productivity, get more work done, and strengthen relationships.

Additionally, Zoom continues to enhance its Zoom Business Services suite for marketing, customer care, and sales, which includes AI-first solutions that are tightly integrated with Zoom Workplace and designed to help customer-facing employees strengthen customer relationships and improve customer experiences.

The World’s Most Innovative Companies stands as Fast Company’s hallmark franchise and one of its most anticipated editorial efforts of the year. To determine honorees, Fast Company’s editors and writers review companies driving progress around the world and across industries, evaluating thousands of submissions through a competitive application process. The result is a globe-spanning guide to innovation today, from early-stage startups to some of the most valuable companies in the world.

“Our list of the Most Innovative Companies offers both a comprehensive look at innovation today and a playbook for the future,” said Fast Company editor-in-chief Brendan Vaughan. “This year, we recognize companies that are harnessing AI in deep and meaningful ways, brands that are turning customers into superfans by overdelivering for them, and challengers that are introducing bold ideas and vital competition to their industries. At a time when the world is rapidly shifting, these companies are charting the way forward.”

The full list of Fast Company’s Most Innovative Companies honorees can now be found at fastcompany.com. It will also be available on newsstands beginning March 25.

Fast Company will host the Most Innovative Companies Summit and Gala for honorees on June 5. The summit features a day of inspiring content, followed by a creative black-tie gala including networking, a seated dinner, and an honoree presentation.

About Zoom
Zoom’s mission is to provide one platform that delivers limitless human connection. Reimagine teamwork with Zoom Workplace — Zoom’s open collaboration platform with AI Companion that empowers teams to be more productive. Together with Zoom Workplace, Zoom’s Business Services for sales, marketing, and customer care teams, including Zoom Contact Center, strengthen customer relationships throughout the customer lifecycle. Founded in 2011, Zoom is publicly traded (NASDAQ: ZM) and headquartered in San Jose, California. Get more information at zoom.com.

ABOUT FAST COMPANY
Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with fellow business publication Inc. For more information, please visit fastcompany.com.

Zoom Public Relations
Bridget Moriarty
[email protected]

GlobeNewswire Distribution ID 9395758

March 18, 2025

EAACI Congress 2025 – Breaking Boundaries in Allergy, Asthma, and Clinical Immunology: Integrating Planetary Health for a Sustainable Future

EAACI Congress 2025 banner

ZURICH, March 18, 2025 (GLOBE NEWSWIRE) — The European Academy of Allergy and Clinical Immunology (EAACI) proudly presents the EAACI Congress 2025, set to take place June 13-16 in Glasgow, United Kingdom. This year’s theme, “Breaking Boundaries in Allergy, Asthma, and Clinical Immunology: Integrating Planetary Health for a Sustainable Future,” highlights the critical link between environmental changes and allergic diseases.

Scientific Excellence & Global Collaboration

Bringing together leading experts from across the world, EAACI Congress 2025 is the premier event for networking and collaboration in allergy and immunology. Delegates can expect cutting-edge research presentations, interactive sessions, and invaluable opportunities to connect with peers shaping the future of the field. Visit the scientific programme to learn more.

Premier Venue & Registration Details

The congress will be hosted at the Scottish Event Campus (SEC), the UK’s largest integrated conference and exhibition centre. Located in the heart of Glasgow, SEC offers state-of-the-art facilities and an engaging atmosphere for scientific exchange.

Glasgow, a vibrant city on the banks of the River Clyde, is known for its striking architecture, contemporary art scene, and renowned music venues, providing the perfect setting for this landmark event.

Standard registration fees are available until April 18th, with tailored rates for EAACI members, non-members, seniors, juniors, students, nurses, and lab technicians—ensuring accessibility for all professionals in the field.

Industry Activities & Exhibition

The EAACI Congress 2025 offers an exclusive platform for industry leaders to showcase innovations in allergy and immunology. The exhibition area will feature cutting-edge products and therapies, fostering interaction between delegates and industry partners through dynamic presentations and engaging activities.

Special Highlight: Allergy Run 2025

An exciting feature of the congress is the Allergy Run 2025, a community event promoting awareness of allergy, asthma, and immunology while encouraging a healthy lifestyle. Stay tuned for details on how to participate!

Registration & More Information

Visit the EAACI Congress 2025 website to explore the full program and secure your spot. Follow EAACI on social media for the latest updates.

About EAACI

The European Academy of Allergy and Clinical Immunology (EAACI) is the leading professional organization dedicated to excellence in allergy and immunology. Learn more at https://eaaci.org.

Contact: [email protected]

+41 44 205 55 33

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/26f65a77-9d14-450a-ae0f-52c3f689ffb4

GlobeNewswire Distribution ID 1001054330