SaudiFood Manufacturing Returns with Focus on Food Tech Megatrends and Innovation

Global online marketplace eBay posted better-than-expected profit, sales, and gross merchandise volume for its first quarter.

For its first quarter ended March 31, eBay reported adjusted earnings of $1.66 a share, up 21%, on revenue of $3.1 billion, up 19%. That revenue figure includes $2.29 billion in gross profit.

Wall Street was expecting adjusted earnings of $1.25 a share on sales of $3.04 billion, according to FactSet. The gross merchandise volume for the first quarter beat the $21.7 billion expected.

The e-commerce giant reported 136 million active buyers, defined as those who paid for a transaction within the previous 12 months, above the 135.2 million analysts expected.

CEO Jamie Iannone called first-quarter results “a strong start to the year,” noting accelerated gross merchandise volume growth and better-than-expected performance. eBay’s Focus Categories, consumer-to-consumer business, and secondhand and refurbished “recommerce strategic priorities are driving broad-based momentum, and strengthening our position as the marketplace of choice for enthusiasts.”

Iannone said during Wednesday’s conference call that while consumers remain resilient in the U.S., “it’s a different story in Europe,” where consumers are more economically pressured. He said that more eBay customers are embracing pre-owned and refurbished offerings.

First-quarter highlights included eBay Live’s “The 30/30 Collection,” a Pokémon Day auction that showcased 30 years of iconic cards and memorabilia from top sellers; more than 30 million scans of an AI-powered card-scanning pricing feature; and a partnership with Meta Platforms that let users highlight eBay inventory directly on Facebook.

eBay’s Goldin set an all-time first-quarter gross merchandise value record, including a record $16.5 million sale of a PSA 10 Pikachu Illustrator card.

In the first quarter of 2025, eBay reported adjusted earnings of $1.38 a share on sales of $2.59 billion, including $1.89 billion in gross profit.

On Feb. 19, eBay announced it was buying Depop, a secondhand clothing site popular with Gen Z for its “pre-loved fashion,” from online marketplace Etsy for $1.2 billion in cash. Depop has 7 million active buyers and 3 million active sellers, the majority of whom are under 34. Depop acquisition is expected to close by the end of the third quarter, subject to certain closing conditions and regulatory approvals.

A week after that announcement, eBay said it was cutting about 6.5% of its global workforce, or roughly 800 employees, as part of a strategic restructuring.

“We remain committed to disciplined execution of our strategic priorities while continuing to allocate capital thoughtfully to drive long-term value and significant returns for our shareholders,” Chief Financial Officer Peggy Alford said.

eBay expects second-quarter revenue of $2.97 billion to $3.03 billion, which would be up 8% to 10% from the same time last year. It projects adjusted earnings of $1.46 to $1.51 a share.

The company said it returned $639 million to stockholders in the first quarter: $500 million through share buybacks of about 6 million shares and $139 million in cash dividends.

The company’s audit committee declared a second-quarter cash dividend of 31 cents a share, payable on June 12 to shareholders of record as of May 29.

eBay’s stock is up 19.2% this year through Wednesday’s close, and up 52% over the past 12 months.

Yaqoot, the digital platform from Zain KSA, a leading digital services provider, has formed a strategic partnership with Huawei, a global technology leader. The collaboration aims to upgrade Yaqoot’s Business Support Systems (BSS), enhancing operational efficiency and enabling a more advanced, integrated digital experience.

This partnership aligns with Yaqoot’s approach to redefine its digital infrastructure on more robust foundations by adopting next-generation BSS solutions. It will support a more agile operating model enabling faster response to evolving market demands. 

The collaboration will accelerate the development of digital products and services and reduce time-to-market, introducing greater flexibility and personalized offerings. It will also improve operational efficiency through enhanced automation and streamlined technical frameworks, while supporting advanced analytics for data-driven decision-making and sustained growth.

On the customer experience level, the upgrade will deliver deeper insights into user behavior, unlocking hyper-personalized offerings and enhancing the customer journey across all touchpoints. In parallel, users will gain greater control over their digital services through a seamless, fully integrated experience that supports satisfaction and trust.

Executive Vice President of Strategy and Innovation at Zain KSA, Njoud bint Mohammed AlShehri, said: “This partnership is part of our ongoing commitment to developing an integrated, customer-centric digital experience that is more flexible and easier-to-use. Yaqoot is focused on building a modern digital model that keeps pace with our customers’ evolving expectations through strengthening our innovation capabilities and responsiveness and leveraging the latest technologies. We believe this collaboration will transform how we roll out digital services, accelerating digital transformation in the Kingdom, in line with Saudi Vision 2030.”

Huawei Software Vice President John Zhuang, said: “Huawei boasts profound expertise in the BSS domain, particularly in telecom rating and billing. With services covering over 2.5 billion subscribers worldwide and successful deployment of more than 200 OCS and Billing projects globally. Now, as AI reshapes the industry, intelligent charging and billing positioned as the core pillar for operators’ digital and intelligent transformation. Together with Yaqoot and Zain KSA, we’re pioneering next-gen monetization, jointly create new digital and intelligent industry value.”

Huawei Saudi Zain Account General Manager Marwan Aldaamseh, said: “Our nearly 20-year partnership with Zain KSA reflects a consistent track record of delivering impactful communications technology projects at scale. As we expand into the IT domain, we are focused on execution excellence and measurable outcomes that support Zain and Yaqoot’s digital and intelligent transformation. We are confident that this next phase will further strengthen our strategic partnership and unlock new avenues for growth and innovation.”

Since 2023, Amazon and Anthropic have worked together to accelerate generative AI adoption across industries, making it easier for customers to build, deploy, and scale AI applications that solve real-world problems. Now, over 100,000 customers run Anthropic Claude models on AWS, making Claude one of the most popular model families on Amazon Bedrock. The two companies are also pushing the boundaries of what is possible with large-scale infrastructure, collaborating on Project Rainier—one of the largest AI compute clusters in the world—and together are opening new horizons with what’s possible in AI research and development.

Expanding on this success, today Amazon and Anthropic are deepening their collaboration with a commitment from Anthropic to spend more than $100 billion over the next ten years on AWS technologies. This encompasses current and future generations of Trainium (Amazon’s custom silicon) and tens of millions of Graviton cores (Amazon’s widely-adopted CPU chip) to provide superior price performance. Anthropic will secure up to 5 gigawatts (GW) of capacity to train and power their advanced AI models, including significant Trainium3 capacity expected to come online this year. The collaboration also includes a meaningful expansion of international inference in Asia and Europe to better serve Claude’s growing international customer base.

Overall, the commitment includes Trainium2, Trainium3, Trainium4, and the ability to purchase future generations of Trainium as they become available. Anthropic is already using AWS Trainium and Graviton to deliver scalable performance and cost efficiency across a broad range of generative AI workloads, allowing Anthropic to accelerate its growth with the scale, cost-efficiency, and security of AWS. Both Trainium and Graviton are used by more than 100,000 customers each, and Amazon Bedrock (Amazon’s high-performance inference service with a leading selection of frontier models) runs most of its inference on Trainium today.

Additionally, AWS customers will be able to access the full Anthropic-native Claude console from within AWS. Claude Platform on AWS lets customers access Anthropic’s Claude Platform through their existing AWS account, with no additional credentials, contracts or billing relationships to manage. Customers can use the same AWS access controls and monitoring they already have in place, making it easier to directly access Anthropic’s native Claude experience. Whether customers choose Claude Platform on AWS or Claude on Amazon Bedrock, AWS and Anthropic are partnering to provide customers the path to Claude that best meets their needs.

Separately, Amazon will invest $5 billion in Anthropic today and up to an additional $20 billion in the future tied to certain commercial milestones. This is in addition to the $8 billion Amazon previously invested in Anthropic.

“Our custom AI silicon offers high performance at significantly lower cost for customers, which is why it’s in such hot demand,” said Andy Jassy, CEO of Amazon. “Anthropic’s commitment to run its large language models on AWS Trainium for the next decade reflects the progress we’ve made together on custom silicon, as we continue delivering the technology and infrastructure our customers need to build with generative AI.”

“Our users tell us Claude is increasingly essential to how they work, and we need to build the infrastructure to keep pace with rapidly growing demand,” said Dario Amodei, CEO and co-founder of Anthropic. “Our collaboration with Amazon will allow us to continue advancing AI research while delivering Claude to our customers, including the more than 100,000 building on AWS.”

Amazon and Anthropic continue to deepen their relationship, driven by a shared commitment to rapid innovation, responsible AI development, and delivering results for customers, which already includes:

• Custom silicon collaboration. Anthropic uses AWS Trainium chips to build, train, and deploy its world-class AI models. Anthropic works closely with Annapurna Labs on developing and optimizing future Trainium chips, providing direct feedback from Claude training workloads to shape next-generation chip design for frontier AI models and benefitting other AWS customers. This has led to a strong engineering relationship that is helping Anthropic accelerate the development of their models with both engineering teams communicating on an almost daily basis on everything from low-level optimization work to high-level architectural decisions for next-generation chips.
• Project Rainier. AWS collaborated with Anthropic to launch Project Rainier, one of the world’s largest AI compute clusters with nearly half a million Trainium2 chips. When it launched, Project Rainier was larger than any AI compute cluster in the world and Anthropic is now actively using it to train and deploy Claude models for customers around the world for their AI-powered applications. Project Rainier is also being used to build and deploy future versions of Claude, and the more compute dedicated to training this frontier model, the smarter and more accurate it becomes. Project Rainier is now a template for deploying at scale the kind of raw computational power that will allow AI to tackle the hardest human challenges and enable breakthroughs across everything from medicine to climate science.
• Empowering builders worldwide. AWS is the best place to run Anthropic’s world-class family of Claude models, including Opus, Sonnet, and Haiku, and over 100,000 organizations of all sizes are running them on Amazon Bedrock to do things that weren’t previously possible. For example, Lyft incorporated Claude, via Amazon Bedrock, to power its customer care AI assistant, delivering fast responses to the most common support issues, and directing customers to a human specialist when more hands-on assistance is required, reducing average customer service resolution time by 87% and resolving thousands of customer requests daily. Pfizer is using Amazon Bedrock with Claude to help scientists search through the approximately 20,000 documents generated per drug development project using voice commands and a chatbot, saving scientists 16,000 annual search hours, while reducing infrastructure costs by 55%. Claude also powers experiences across a range of additional AWS technologies, including Amazon Connect, Kiro, and Amazon Quick, making it easy for developers to experiment, customize, and deploy AI on AWS.
• Primary training and cloud provider. Anthropic continues to choose AWS as its primary training and cloud provider for mission-critical workloads. Amazon developers and engineers also have access to build with Claude models to improve customer experiences across Amazon‘s businesses.

Born Creators Group MENA, the integrated marketing and communications agency network, today announces the appointment of Liman Tabsh as Growth Officer for Qatar, a strategic move that reinforces the group’s growth ambitions in one of the GCC’s most dynamic markets.

The appointment comes as Born Creators MENA enters a new phase of expansion in Doha, at a time when Qatar’s Digital Agenda 2030 is accelerating demand for integrated marketing capability across the private sector. The group’s integrated model brings four specialist agencies, Adcreators MENA (performance marketing and creative), Social St. MENA (social media and content), Events Unlimited MENA (experiential activations), and Endspace MENA (web, technology, and AI), serving clients across F&B, real estate, retail, hospitality, and financial services.

Liman is a seasoned marketing and communications executive with deep expertise in integrated campaigns, brand communications, and large-scale experiential activations across the GCC. She has led major regional accounts including American Express MENA across the UAE, Qatar, Bahrain, Kuwait, Oman, and Jordan, driving full-funnel acquisition campaigns, product launches, and engagement initiatives. Her experience spans digital strategy, sponsorships, and high-profile partnerships, alongside strong commercial acumen in budgeting, forecasting, and profitability management. Most recently based in Doha, she brings deep knowledge of the Qatari market and proven capability across fintech, hospitality, automotive, real estate, and FMCG.

Commenting on the appointment, Rony Chiha, CEO of Born Creators Group, said: “Liman brings exactly the kind of leadership we need at this stage of our Qatar growth, strategic, commercially sharp, and deeply connected to this market. Her ability to deliver integrated work at scale, across channels and across categories, makes her the right person to drive our next chapter in Doha.”

Liman Tabsh said: “Born Creators’ integrated model is rare in this region. The ability to deliver strategy, content, technology, and experience under one roof gives clients something most agency setups simply can’t: consistency, speed, and better work. I’m excited to bring that to more brands in Qatar.”

Born Creators MENA intends to set a new standard for what an integrated agency can deliver in this market, and to prove that the best work happens when strategy, content, technology, and experience are built together, not bolted on.

Johnson Controls, a global technology leader energy efficiency, decarbonisation, thermal management and mission-critical performance, has announced the launch of Balanced Cooling, a purpose-built solution for buildings connected to centralised cooling systems in the UAE, designed to resolve low Delta T and improve cooling performance through a more integrated, solution driven approach.

Delta T is the difference between the temperature of chilled water entering and leaving a building cooling system.

When that temperature difference falls below intended levels, the system can’t transfer heat as efficiently as it should. This can happen because of over-pumping, poor hydronic balance or valve misalignment.

As a result, more water must be circulated to deliver the same cooling, which can increase pumping energy, affect system balance and expose building owners to surcharges. Balanced Cooling helps identify and correct this through smart valve retrofits, real-time monitoring, AI diagnostics and intelligent control.

A timely solution for UAE buildings

Balanced Cooling addresses low Delta T at scale. Based on initial customer testing Balanced Cooling delivers outcomes including eliminating related surcharges by up to 100%, reducing pumping energy by up to 40%, and significantly lowering comfort complaints in continuously operating facilities.

“Low Delta T remains one of the most persistent and costly inefficiencies affecting buildings connected to centralized cooling systems in the UAE,” said Tarek Hassan, associate director, Sustainability, MEA, Johnson Controls.

“Balanced Cooling was developed to move beyond isolated fixes by combining system visibility, intelligent diagnostics and targeted corrective action in one integrated solution. The result is a more effective way to reduce pumping energy, manage surcharges and improve cooling performance using existing building infrastructure,” he stated.

Low Delta T can create avoidable cost exposure, system inefficiencies and occupant discomfort for buildings connected to centralized cooling systems in the UAE.

This is particularly relevant as the Dubai Supreme Council of Energy identifies district cooling retrofits as a key part of its Efficient Cooling programme, and DEWA expects district cooling penetration in Dubai to reach 40% by 2030.

According to Johnson Controls, he Balanced Cooling is purpose-built to help building owners and operators address low Delta T more effectively while improving system balance, thermal management and overall operating performance.

Its retrofit-friendly, plug-and-play design supports integration with existing HVAC and BMS systems, making it particularly relevant for occupied residential, hospitality and office buildings where cooling performance must be improved efficiently, precisely and with minimal disruption.

From point fixes to measurable correction

Balanced Cooling helps building owners move beyond reactive adjustments by providing better visibility into system performance and a more targeted path to correction. This supports more stable cooling performance, improved system balance and more efficient operation over time.

Balanced Cooling adds to Johnson Controls’ broader cooling portfolio in the UAE, complementing its advanced chiller solutions, Cooling as a Service (CaaS) offering and digital building controls, said the statement.

Together, these capabilities reinforce Johnson Controls’ leadership in cooling across the region and its ability to help customers improve efficiency, optimize performance and build more resilient, future-ready environments, it added.

Salesforce, the world’s #1 AI CRM, announced the launch of Salesforce Headless 360 in the Middle East, a new set of platform capabilities designed to make every function of Salesforce accessible to AI agents, developers, and enterprise systems without requiring interaction through a user interface.

The launch marks a fundamental shift in how the Salesforce platform is accessed and deployed. Where enterprise software has historically required human navigation through consoles and dashboards, Headless 360 exposes the full depth of Salesforce capabilities as Application Programming Interfaces (APIs), Model Context Protocol (MCP) tools, and Command Line Interface (CLI) commands, enabling AI agents to call on data, workflows, and business logic directly and in real time.

For Middle East organisations at the forefront of AI adoption, Headless 360 delivers three core capabilities. More than 60 new MCP tools and 30 preconfigured coding skills give development teams and their AI coding agents complete, live access to the entire Salesforce platform within the tools they already use, including Claude Code, Cursor, and Codex. The Agentforce Experience Layer introduces a new UI service that separates what an agent does from how it appears, enabling rich interactive components to render natively across Slack, mobile, and any client that supports MCP applications. A new suite of governance and testing tools, including Testing Center, Custom Scoring Evals, Agent Script, and the Agent Fabric control plane, gives enterprises the control and observability needed to run AI agents reliably at scale.

Underpinning all three capabilities is the same trusted data, workflow, and compliance infrastructure already embedded in Salesforce, meaning organisations across the region can deploy agents that inherit existing permissions, business rules, and integrations without rebuilding from scratch.

Mohammed AlKhothani, Area Vice President, Salesforce Middle East, said: “The Middle East is home to some of the most ambitious digital transformation programmes in the world, and organisations here are deploying it at scale. Headless 360 gives those organisations the platform foundation they need to move with confidence. Agents are only as capable as the platform they run on, and Salesforce brings together the data, the workflows, the trust layer, and the engagement layer that no other vendor provides in one integrated system.”

AgentExchange, Salesforce’s unified marketplace, brings together more than 10,000 Salesforce applications, 2,600 Slack applications, and 1,000 Agentforce agents, tools, and MCP servers from partners including Google, DocuSign, and Notion, all of which are discoverable through AI-guided search and can be activated in a single step.

Salesforce Headless 360 capabilities are generally available now, with additional features including the Testing Center and Salesforce Catalog scheduled for release in mid-2026.

No other city has motorsport so deeply rooted in its history than Monte Carlo. MINI has endured tremendous success within the principality, particularly in 1965, when the legendary Mini Cooper S, driven by Timo Mäkinen and co-driver Paul Easter took victory at the 1965 Monte Carlo Rally. At the time, the car was praised for its innovative technology, elegant performance, and agility under extreme weather conditions which MINI has been able to replicate and modernize in the form of the new MINI 1965 Victory Edition. This new edition creates a stylish statement and maintains typical MINI craftmanship, following the foundations laid MINIs illustrious rally history.

The MINI 1965 Victory Edition is offered for MINI John Cooper Works model. The MINI John Cooper Works has an impressive 231 hp and a maximum torque of 380 Nm. It sprints from a standstill to 100 km/h in just 6.1 seconds. 

Exterior: a perfect blend of vintage and modern design.

In homage to the legendary motorsports colors of the 1960s, the 1965 Victory Edition impresses in Chili Red exterior paintwork, which is accentuated by a white trim stripe extending from bonnet to the roof and rear, enhancing the vehicle´s sportiness even further. As an exclusive trademark of the edition, a white “52” graphic adorns both sides of the vehicle – a reference to the number of the original car displayed from 1965.

The roof is offered as a panoramic roof, or in Glaced which provides an athletic and elegant contrast to the Chili Red body. The subtle “1965” sticker on the C-pillar catches the eye and gracefully emphasizes the historic year of victory. The 18-inch alloy wheels in the JCW Lap Spoke 2-tone Design or the JCW Mastery Spoke black for the all-electric MINI John Cooper Works not only give the vehicle a dynamic appearance but also ensure optimum performance and safe handling on a wide variety of road surfaces. Based on rally sport, floating hubs and JCW valve painted in the specific color scheme and set additional sporty accents. 

Interior: sportiness and comfort combined.

On entering the vehicle, the striking door sill showcases white “1965”- writing on a red and black background immediately catch the eye and bestow the cockpit with an exclusive look. In addition, each model of the edition features a dedication on the inside of the door reflecting information about the bygone rally.

The interior is based on the traditional JCW color palette and the familiar JCW-Trim. Finished in aracy anthracite and red, this combination creates an elegant blend while also providing a sportive contrast to the vehicle’s exterior paintwork. The edition-specific details have been carefully selected to create a harmonious overall effect. The 6 O´clock spoke of the sports steering wheel and the storage box in the center of the console feature the “1965”-lettering and thus become a subtle but impactful reference to the rich tradition of MINI motorsports history. The racing number of the victorious Cooper S from 1965 adorns the key cap of the exclusive edition, making it a daily symbol of this historical success.

For five years, Parmigiani Fleurier has asserted a distinctive signature, cultivating a form of watchmaking in which complication recedes behind the essential. It expresses a vision of private luxury, where the object fully reveals itself through the intimate relationship it forms with its wearer.

With the TONDA PF Chronographe Mystérieux, the Maison introduces a new chronograph architecture, a world first that redefines both the reading and the use of one of horology’s most codified complications. It is a chronograph without sub-dials, offering a display across the full dial and a function revealed only on demand. At rest, nothing betrays its presence, and the watch retains the purity of a three-hand TONDA PF.

This development is based on unprecedented structure bringing together five coaxial hands at the centre of the dial. When activated, three hands deploy to measure hours, minutes and seconds, while two others ensure the continuity of civil time. The result is an innovative display configuration in watchmaking, developed over several years.

This timepiece, the third World Premiere in four years, follows a coherent trajectory. It reflects a mechanical approach conceived to accompany the wearer, never to impose itself upon them.

INVENTION THROUGH RESTORATION

For more than thirty years, Parmigiani Fleurier has cultivated a form of watchmaking shaped by a dual ambition: to understand the masterpieces of the past and to extend their underlying principles.

Michel Parmigiani devoted much of his life to restoring the most complex timepieces in horological history. To dismantle, analyse and rebuild is to grasp mechanisms in their depth, their constraints as much as their brilliance.

This culture has never been conservative. It has opened new fields of possibility.

Since 2022, the Maison has expressed a distinctive signature through complications revealed on demand.

TONDA PF GMT Rattrapante.
TONDA PF Minute Rattrapante.
And today, TONDA PF Chronographe Mystérieux.

Its triple clutch construction, comprising one vertical clutch and two horizontal clutches, positions it among the most complex chronographs developed in contemporary production.

Three World Premieres in four years, where mechanics serve the experience and the experience respects the hierarchy of time.

THE HIERARCHY OF TIME

How can a function as complex as a chronograph be integrated without altering the balance of the dial? Traditionally, this complication fragments the reading and imposes its presence. Here, the hierarchy of time is preserved. Lived time remains central, and the function appears only when it is required.

Such an approach could not rely on existing architecture. The caliber PF053 was developed specifically for this timepiece, based on a principle that allows the complete disappearance of chronograph indications at rest.

Designing an integrated chronograph is already an exercise in considerable complexity. Rethinking it through the logic of appearance requires an even deeper level of mastery, encompassing inertia, synchronization, mechanical memory and energy management.

At Parmigiani Fleurier, invention is part of a continuous evolution.

TIME, READ IN FULL

At rest, the watch presents itself as a three-hand TONDA PF. Visual silence. Balance. Clarity. The dial reveals nothing and respects the hierarchy of civil time.

The mono-pusher integrated into the caseband at 7.30 orchestrates the entire sequence. A single command. A single gesture coordinating three perfectly synchronized phases.

First press: deployment

The three rhodium-plated chronograph hands perform an instantaneous flyback. They position at 12 o’clock, start immediately and synchronize perfectly. From indicating civil time, they transform into chronograph measurement hands. At the same time, the rose gold hour and minute hands of civil time appear. The dual display organizes itself seamlessly.Measurement unfolds across the full dial, freed from traditional sub-dials. The chronograph no longer exists at the periphery. It occupies the space entirely.

Second press: stop

The reading of measured time becomes immediately legible. The rhodium-plated hours, minutes and seconds hands indicate the measured time in relation to the rose gold civil time hands, without fragmentation or visual hierarchy.

Third press: withdrawal

The final gesture is not limited to a return to 12 o’clock. The rhodium-plated hands align precisely with the rose gold hands of current time, while the seconds hand resumes its natural motion. The complication disappears and the dial regains its original purity. A single hand performs the dual function of civil seconds and chronograph seconds. The complexity remains invisible. At Parmigiani Fleurier, discretion is not an aesthetic position. It is the result of mastery. This transition between appearance, presence and withdrawal defines the essence of the experience

THE TONDA PF SIGNATURE

The dial follows the aesthetic codes of the TONDA PF collection. It is rendered in a Mineral Blue tone, whose nuances shift between mineral depth and aquatic reflections, revealing a subtle presence as the light evolves.

Its hand-crafted Grain d’Orge guilloché captures and diffuses light with precision, giving the dial a constant, living vibration. The knurled platinum bezel, a signature of the Maison, interacts with the purity of the dial, while the integrated bracelet extends the case architecture in a fluid and natural continuity.

Each element contributes to a shared pursuit of balance, where the richness of the finishes reveals itself in the detail without ever compromising legibility. This mastery of form and function gives the piece a rare presence, that of a chronograph whose elegance asserts itself with quiet clarity, within a register where very few references belong.

CALIBRE PF053: THE ARCHITECTURE OF DISAPPEARANCE

This integrated column-wheel chronograph movement comprises 362 components. It operates at 28,800 vibrations per hour (4 Hz), offering a power reserve of 60 hours and a thickness of 6.8 mm.

Its construction is based on a triple clutch architecture, comprising one vertical clutch and two horizontal clutches, made necessary by the superimposition and transformation of hand functions.

The calibre was developed as an autonomous structure, conceived from the outset around a principle of disappearance. Each interaction requires instantaneous precision and absolute coordination.

It is finished according to the Maison’s standards, with a 22-carat rose gold oscillating weight alternating sandblasted and polished surfaces, and openworked bridges with satin-finishing and bevelled edges.

Structural rigor is in constant dialogue with artisanal execution.

THE KINEMATICS OF COMPLEXITY

Very few manufacturers today can rethink a chronograph at this level. The TONDA PF Chronographe Mystérieux does not present a variation. It introduces a new way of conceiving this complication.

On its thirtieth anniversary, Parmigiani Fleurier affirms a clear position. Horological innovation is measured by the ability to simplify the experience without renouncing complexity.

This timepiece does not reveal itself immediately. It is discovered through gestures, through rhythm and through the attention it receives.

Complexity becomes masterful when it is no longer perceived.

Ento Capital, a DIFC-based investment banking firm regulated by the Dubai Financial Services Authority (DFSA), announced that it is advancing its digital energy infrastructure platform through its Entocore Infrastructure Fund, supported by strategic investors. The platform is designed to develop and scale energy-backed digital infrastructure investments across multiple markets.

The platform is being developed at a time when global energy systems are undergoing significant transformation. A substantial portion of energy produced today remains underutilised, while demand across developing markets continues to grow rapidly. This dynamic is driving increased focus on efficiency and the conversion of energy into productive infrastructure, creating a compelling investment opportunity.

The platform is being developed in parallel with accelerating global demand for artificial intelligence and data infrastructure, placing increasing pressure on energy systems and compute capacity. Data centre investment is projected to reach approximately $1.1 trillion by 2029, reflecting the scale of infrastructure required to support this growth. This dynamic is driving the need for integrated energy and digital infrastructure solutions.

“This is a moment to build, not just participate. As demand for compute and energy infrastructure accelerates globally, scalable and well-structured platforms will define the next phase of growth. Through this platform, we are focused on deploying capital efficiently and supporting the long-term expansion of energy-backed digital infrastructure,” said Hayssam El Masri, Senior Executive Officer of Ento Capital.

The platform is supported by strategic investors, including Masirah Energy Gateway (MEG), an Oman-based energy infrastructure company focused on large-scale infrastructure development, participating through an asset contribution into the Fund and aligning its assets with the platform’s strategy. MEG has also entered into a memorandum of understanding in relation to large-scale renewable energy and infrastructure projects.

“Our participation through an asset contribution reflects our commitment to aligning strategic infrastructure assets with scalable investment platforms. Combined with our engagement under the memorandum of understanding with the relevant authorities to develop large-scale energy infrastructure, this positions us to support the integration of energy capacity into broader energy and digital infrastructure ecosystems across the region.” said Yvo de Zwart, Chief Executive Officer, Masirah Energy Gateway.

“The convergence of energy and digital infrastructure requires both technical expertise and disciplined execution. We are pleased to support this platform by providing energy origination, offtake facilitation and technical advisory across asset development, optimiZation, and long-term operational performance. We are actively developing an offtake pipeline, with strong engagement and positive feedback from compute and energy clients, highlighting growing demand for scalable, energy-backed digital infrastructure,” said Mohamed El-Masri, Founder & CEO of PermianChain.

The platform targets a significant opportunity at the intersection of energy and digital infrastructure, as rising compute demand places increasing pressure on global power systems. Data centers already account for approximately 4% of global electricity consumption, a figure expected to increase materially in the coming years. At the same time, the sector faces a substantial investment gap, with global energy and infrastructure requirements running into trillions of dollars.

The Entocore Infrastructure Fund is structured to deliver attractive risk-adjusted returns through scalable infrastructure investments, combining stable yield characteristics with long-term growth potential. The strategy focuses on expanding energy-backed digital infrastructure, where value is driven by efficient capital deployment and capacity growth. In this context, infrastructure platforms operating at scale have demonstrated the ability to generate up to 5x returns on invested capital over time.

The Entocore Infrastructure Fund operates under a DIFC-based Qualified Investor Fund (QIF) structure, regulated by the Dubai Financial Services Authority (DFSA), providing institutional-grade governance and cross-border investment capabilities. Through this platform, Ento Capital is focused on building a scalable investment strategy at the intersection of energy and digital infrastructure, supporting long-term growth across key global markets.

Yango Ride, the ride-hailing service from global tech company Yango Group, has launched an official app in ChatGPT, enabling users to plan routes and rides directly within the conversation. The rollout is a global update covering more than 25 countries where Yango operates, spanning regions from the Middle East and South Asia to Africa and Latin America.

With the ChatGPT integration, users can view the exact price for a selected route with no hidden fees, compare travel times across alternative routing options, and check both the trip’s estimated time of arrival (ETA) and the vehicle’s arrival time. The integration also helps users identify optimal pickup points to reduce waiting time. Once the user is ready to proceed, the fare estimate opens in the Yango app or in the web version, where the booking can be completed securely.

The launch comes as both demand for ride-hailing and the way users access services continue to evolve in the UAE. According to Dubai’s Roads and Transport Authority (RTA), shared services, including on-demand ride-hailing, have grown from 7.5% to 9% of the city’s total transport usage between 2024 and 2025. At the same time, users are increasingly turning to conversational interfaces to manage everyday tasks.

Against this backdrop, integrating ride-hailing into ChatGPT addresses a clear shift in user expectations: the integration allows frequent travelers, tourists, and business users to plan their day without switching apps. By bringing ride‑hailing directly into an AI conversation, Yango Ride provides a frictionless experience that fits naturally into daily workflows and travel routines.

The Yango Ride integration is available in the ChatGPT web interface and in mobile apps on both Android and iOS. Powered by live traffic data and smart routing technology, it provides accurate, real-time trip planning and dynamically updated estimates as road conditions change.

Yango Group plans to expand its presence in ChatGPT further and extend the integration to include its services beyond ride-hailing, such as delivery, public transport options, and food delivery.

Uber, the world’s largest ride-sharing and on-demand delivery company, is expanding its infrastructure and artificial intelligence (AI) capabilities on Amazon Web Services (AWS). Uber is using AWS Graviton instances to support more of its Trip Serving Zones, the real-time infrastructure behind every ride and delivery, and has started pilot training some AI models on Trainium—enabling faster rider and delivery matching, global demand handling, and smarter, more personalized experiences for millions of daily users.

Every time you open Uber and request a ride or delivery, a series of split-second decisions happens behind the scenes. Which driver is closest? What’s the fastest route? How long will it actually take? Getting those answers right instantly—for millions of people at once—requires the right infrastructure for Uber to deliver these capabilities at scale during rush hour and major events.

How Graviton helps power millions of trips in real time

Uber’s Trip Serving Zones are part of the system that makes sure every ride and delivery runs smoothly, which requires making millions of predictions and processing location data in milliseconds.

Now, Uber is expanding its use of AWS compute, storage, and networking to help power real-time operations for Trip Serving Zones. By running more of these workloads on AWS Graviton, Uber can reduce energy consumption while scaling rapidly during demand spikes, both reducing latency and optimizing costs. Graviton’s high performance enables some of the real-time calculations that help match riders with drivers faster—without compromising reliability, availability, or security.

“Uber operates at a scale where milliseconds matter,” said Kamran Zargahi, vice president of engineering at Uber. “Moving more Trip Serving workloads to AWS gives us the flexibility to match riders and drivers faster and handle delivery demand spikes without disruption.”

Improving Uber rides at scale with AWS Trainium chips

Uber has also begun experimenting with AWS Trainium to train some of the AI models that help power its apps. These models analyze data from billions of rides and deliveries to determine which driver or courier to send, calculate arrival times, and recommend the best delivery options to the customer. Training AI at this scale requires enormous computing power—Trainium provides an efficient, cost-effective way to do it. As the models learn from more trips, Uber delivers faster matches, more accurate arrival time estimates, and more personalized recommendations to customers worldwide so they can get where they are going faster and receive their deliveries sooner.

“By starting to pilot some of our AI models on Trainium, we’re building a technology foundation that will make every Uber experience smarter—so we can keep our focus where it belongs: on the people who use Uber every day,” Zargahi said.

“Uber is one of the most demanding real-time applications in the world, and we’re proud to be an important part of the infrastructure powering their global operations,” said Rich Geraffo, vice president and managing director of North America at AWS. “We’re helping Uber deliver the reliability hundreds of millions of people count on today—and the AI-powered experiences that will define ride-sharing and on-demand delivery tomorrow.”

Netflix enters its first-quarter earnings in a notably different position compared to three months ago, with renewed investor focus on fundamentals following key strategic shifts, according to the latest market commentary from eToro.

Josh Gilbert, Market Analyst at eToro, highlighted that Netflix’s decision to walk away from the Warner Bros. Discovery acquisition in March has removed a major overhang for investors, while the resumption of its share buyback program and recent US price increases have further reshaped sentiment around the stock.

“Netflix is heading into this earnings season with a cleaner narrative,” said Gilbert. “With the Warner deal off the table, investor attention can now return squarely to fundamentals and growth drivers.”

Netflix has guided for Q1 revenue of $12.16 billion, representing approximately 15% year-on-year growth, alongside earnings per share of $0.76. For the full year, the company expects revenue between $50.7 billion and $51.7 billion, with an operating margin of 31.5%, up from 29.5% in 2025.

Gilbert noted that the company’s previous earnings fell short of analyst expectations, particularly around forward guidance, placing added pressure on this quarter’s results.

“With $20 billion earmarked for content spend this year, the market will be looking closely at whether Netflix can sustain growth without eroding profitability,” he added.

A key area of focus for investors this quarter will be Netflix’s advertising business. Following a milestone of more than 325 million subscribers last quarter, the company’s advertising revenue more than doubled in 2025 to approximately $1.5 billion and is expected to double again to $3 billion this year.

“Advertising is quickly becoming a critical second revenue engine for Netflix,” Gilbert explained. “If Q1 results show the ad-supported tier remains on track, it strengthens the case that Netflix can drive higher-margin growth beyond subscriptions.”

With the Warner deal no longer a factor, the buyback program back in motion, and its advertising business scaling rapidly, Gilbert believes Netflix has an opportunity to reinforce its leadership position in the streaming sector.

“This is a pivotal quarter for Netflix to remind the market why it continues to lead the streaming space,” he concluded.

Steve

I took my iPhone and our decrepit vacuum into my workshop after supper, googled “Kenmore Progressive vacuum noisy” and found what I wanted—a YouTube video showing how to replace the motor bearings.

Greece plans to ban social media for children under the age of 15 from next year, joining a growing list of countries that are weighing or enforcing restrictions to shield younger users from what they see as potentially harmful content.