Record graduate influx lifts China’s youth jobless rate to 17.9% in July

China’s youth jobless rate climbed to 17.9 per cent in July, as a record wave of university graduates enters an already crowded labour market, prompting Beijing to step up employment support. The jobless rate for those aged 16 to 24, excluding students, rose 3 percentage points from 14.9 per cent in June – the last of three straight months of contraction – according to data released by the National Bureau of Statistics on Wednesday. The rate last July was 17.8 per cent and it then climbed to...

OCTA Is Spending Again On Hydrogen Because The Fuel Chain Failed

The Orange County Transportation Authority is spending another $27.6 million on hydrogen infrastructure as it expands its fuel-cell bus fleet from 10 buses toward 50. Read the announcement quickly and it sounds like ordinary fleet growth: more buses require more fueling capacity. OCTA’s history makes the story much less straightforward. ... [continued] The post OCTA Is Spending Again On Hydrogen Because The Fuel Chain Failed appeared first on CleanTechnica.

Chinese robotaxi firms see eased regulatory bottleneck in Europe as deployment picks up

The business environment for Chinese robotaxi operators in Europe has become more open over the past year, which would help Chinese firms to commercialise their self-driving technology worldwide, according to Pony AI founder and CEO James Peng. “Compared to last year, there is a clear increase in the openness towards autonomous driving and the willingness to gradually open up some areas for pilot projects in Europe to bolster commercial application,” he told reporters in an online media briefing

EBID secures major credit rating upgrade from Moody's, affirming steady climb to investment grade and growing relevance in West Africa

Singapore Targets Fund Managers With Tax Exemption, Talent Measures

Singapore plans to offer fund managers a new tax break as competition for global investment firms heats up. The Monetary Authority of Singapore (MAS) and the Ministry of Finance plan to exempt certain profit-related returns earned from managing qualifying funds. The exemption would apply when companies, partnerships or individuals receive a contractual share of a [...] The post Singapore Targets Fund Managers With Tax Exemption, Talent Measures appeared first on Fintech Singapore.

Microsoft Links 30+ Rotating Domains to MacSync Stealer Infrastructure

Microsoft Defender Experts have linked more than 30 web domains to MacSync Stealer, a macOS-focused information stealer, after correlating recurring endpoint and network behaviors across changing infrastructure, tracing the malware from payload retrieval through data collection, staging, and exfiltration. The tech giant said it required multiple endpoint and network behaviors to align before

Exits MENA acquires Avanz Capital Egypt in multi-seven-figure deal

Egypt-based investment advisory platform Exits MENA, alongside Avanz Capital Egypt’s local management, has signed a multi-seven-figure deal to fully acquire private equity and asset management firm Avanz Capital Egypt (ACE). Founded in 2022 by Mohamed Abuelnaga Nagaty, Ayman El Tanbouly and Ahella El Saban, Exits MENA provides M&A, fundraising, investment readiness and advisory services to startups and SMEs. The transaction has received initial approval from Egypt’s Financial Regulat

Tax Star closes $1.75 million Seed round to expand across GCC

UAE-based taxtech startup Tax Star has raised $1.75 million in a Seed round, primarily backed by angel investors. Founded in 2023 by Rayhan Aleem and Haris Tasawar, Tax Star provides an AI-powered corporate tax and compliance platform and is a pre-approved Accredited Service Provider (ASP) for the UAE's upcoming e-invoicing system. The funding will be used to expand go-to-market activities, develop the platform and help businesses comply with the UAE's e-invoicing requirements. Press release: Ta

Rozenama raises $150,000 pre-Seed to scale e-commerce platform across Iraq

Iraq-based e-commerce startup Rozenama has raised $150,000 in a pre-seed round from Iraqi entrepreneur and Aljasmi Perfumes CEO Mohammed Haider. Founded in Baghdad by Abbas Muhil and Mohammed Fawzi, Rozenama provides an e-commerce platform for Iraqi merchants, integrating local delivery companies, payment methods and cash-on-delivery infrastructure. Rozenama says it has grown from 250 to more than 900 active merchants over the past 12 months and has more than 13,000 registered users. The funding

How former theatre director Phil Morle became a startup visionary

Phil Morle turned theatre into deep-tech investing, exposing why startup hype is cheap and conviction costs.

Swiggy shareholders greenlight proposal for Indian-owned company status

Swiggy also announced expanded leadership roles for three senior executives at its Instamart and Food Marketplace businesses.