Fintech PR
Countdown to COP29: Accelerating Action Together to Fulfill the UAE Consensus Promise
ABU DHABI, UAE, Sept. 30, 2024 /PRNewswire/ — In less than 50 days, world leaders will convene at COP29 to deliver a reinvigorated vision to accelerate climate action. Over the past week, leaders from the UAE have been in the US for high-level engagements, from the White House in Washington to the United Nations in New York, discussing advancements across climate finance, the UAE Consensus and global commitment to keep 1.5°c with reach, clean energy, green technology, nature and biodiversity, transforming food systems, and water resiliency. This lays the groundwork for the COP29 in Baku, which will present a vital opportunity to enhance collective ambitions, elevate more voices, and enable a new era of climate action, building global resilience for all.
At COP28 in Dubai, the UAE galvanized 198 Parties to deliver the historic UAE Consensus and pledged to keep 1.5°c within reach, accelerating a new era of ambitious climate action. Demonstrating the success of multilateralism and inclusion, the UAE Consensus set the world on a clear path, establishing ambitious targets to enable the world to reach Net Zero by 2050 as well as triple renewables and double energy efficiency by 2030. It also included commitments to end deforestation by the end of this decade, and significant firsts for climate finance, with the fund for loss and damage announced on the first day of COP28. This fund will help some of the most climate exposed nations respond to the impacts of climate change, recognizing the role of credit rating agencies for the first time, and scaling-up adaptation finance to meet evolving demands faced by climate-vulnerable communities.
COP28 set about the delivery of a new era in climate action, encouraging voices from across industries, sectors, youth and communities to engage in open conversation to seek new solutions to co-create climate resilience. To ensure continuity, action, and sustained multilateral cooperation, the COP Presidencies Troika also emerged out of COP28, mandating the UAE in conjunction with Azerbaijan and Brazil, as the presidents of COP29 and COP30, to lock in continuity and drive climate action. This ‘Roadmap to Mission 1.5°c’ will transform the UAE Consensus from agreement into tangible, sustained action and bring accountability to the next round of Nationally Determined Contributions (NDCs), due by February 2025.
His Excellency Abdulla Al Balalaa, Assistant Minister for Energy and Sustainable Affairs at the UAE Ministry of Foreign Affairs, said: “The COP28 ambition looked to revitalize a global approach on climate change priorities. From the UAE Consensus to the Action Agenda, we wanted to bring diverse voices globally to the table and spearhead a new, more inclusive model for how we convene on climate. Together, this defines the challenge as an opportunity to reimagine how we can unite to build global resilience, future-proof our communities, and safeguard our planet for future generations. COP29 is an exciting milestone to continue accelerating action together and co-creating climate resilience, bridging global priorities and capabilities and ensuring that our multilateral partnerships translate into impactful, equitable outcomes.”
Through the COP28 Presidency’s Action Agenda, climate action has been catalyzed across the pillars of: fast tracking a just and orderly energy transition; fixing climate finance to make it more available, affordable, and accessible; focusing on people, nature, lives and livelihoods; and fostering full inclusivity in climate action. COP28 also saw the swift adoption of the fund for loss and damage hosted by the World Bank with 19 countries, committing approximately $800 million pledged to date, including $100 million from the UAE, as well as the UAE’s creation of ALTÉRRA, a $30-billion private investment vehicle to catalyze climate finance in developing economies. All these efforts led to the mobilization of an unparalleled $85.1 billion for climate action and the launch of 11 pledges and declarations, elevating multilateral climate change mitigation and adaptation commitments to new heights.
Meeting with H.H. President Mohamed bin Zayed al Nahyan of the United Arab Emirates at the White House in Washington last week, US President Biden described the UAE as ‘a nation of trailblazers, always looking to the future,’ President Biden referred to the nations’ joint efforts: ‘growing cooperation in AI, in clean energy, in space, and investing in infrastructure to connect regions…shoulder to shoulder in the same most difficult places.’
The UAE plans to invest more than US$163 billion in clean and renewable energy over the next several years to achieve net-zero emissions by 2050, pledging to triple the production capacity of renewable energy by 2030. The National Food Security Strategy 2051 aims to develop a comprehensive national system to enable sustainable food production through modern technology. In partnership with the US, the UAE has also launched the global initiative Agriculture Innovation Mission for Climate (AIM for Climate/AIM4C) and committed to investing $16 billion in climate-smart agriculture and food systems to improve agriculture and food security. The initiative has garnered the support of more than 600 state and non-state actors and partners, bringing in more than $17 billion in investments.
His Excellency Abdulla Al Balalaa concluded: “As the international community turns to COP29, taking stock of the progress we have achieved against these targets – and the gaps that still need to be addressed – will be essential for the discussions this year. The UAE Consensus must continue to act as our guiding North Star, serving as an overarching framework to deliver on our collective ambition for transformative climate action, and building a more just and equitable future for all.”
For more information, please contact: [email protected]
Accelerating Action Together
- The UAE invites all to the collective ambition of a new era of climate action.
- Building upon our ambitious Net Zero 2050 commitments, global collaborations at COP28, and the UAE Consensus, we accelerate action together to keep 1.5°c within reach to build global resilience and safeguard a more optimistic future for lives, livelihoods, and planet.
- Guided by the wisdom and values of those who came before, the UAE is a nation working together to build a climate-resilient economy and safeguard a more just and equitable future for our grandchildren’s children.
- Learn more at www.uaeclimate.com @UAEClimate (FB, IG, LinkedIn) and @UAE_Climate (X) #AcceleratingActionTogether.
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Fintech PR
DayOne Launches as an Independent Global Data Center Pioneer Following Series B Funding Closure
SINGAPORE, Dec. 31, 2024 /PRNewswire/ — DayOne, a leading global data center pioneer, officially launched as an independent group on January 1, 2025, ushering in a transformative new era following the successful completion of its series B funding, led by renowned global investment institutions. Formerly operating as GDS International (GDSI), DayOne, founded in 2022 and headquartered in Singapore, has built a proven track record of creating and scaling markets across Asia-Pacific and beyond, driving digital transformation and enhancing regional connectivity.
The brand name “DayOne” encapsulates the company’s entrepreneurial spirit and relentless focus on customers, innovation, and growth. It signifies a mindset of respecting each day as an opportunity to embrace new possibilities, create impactful solutions, and deliver value across the markets we operate in. Inspired by its legacy of pioneering digital infrastructure and unlocking markets, “DayOne” represents a forward-looking commitment to empowering industry leaders with next-generation infrastructure solutions. Guided by humility and a deep reverence for our work and the industries we serve, “DayOne” is dedicated to creating value for all—spanning customers, business partners, investors, employees, and the communities we support.
Over the past year, DayOne secured approximately USD $1.9 billion through its Series A and Series B equity rounds, backed by world-class investors such as SoftBank Vision Fund, Kenneth Griffin, CEO of Citadel, Coatue Management, and Baupost Group.
These investments have not only underscored confidence in DayOne’s ability to deliver reliable, scalable, and sustainable digital infrastructure solutions but have also paved the way for its transformation into an autonomous entity. DayOne’s autonomy spans corporate governance, operations, finance, and technology functions. Its governance is further strengthened by a globally experienced and diverse board, with over half comprising independent investor directors.
Adding to its strategic depth, DayOne recently welcomed three esteemed board leaders: Lim Ah Doo, Co-Chairman of the Board and Chairman of Olam Group Limited; and board advisors Ken Miyauchi, former President & CEO of SoftBank Corp., and Bob McCooey, Vice Chairman of Nasdaq. This robust governance framework ensures balanced decision-making aligned with international best practices, laying a solid foundation for sustainable growth and long-term value creation.
“The trust from our investors speaks volumes about the strength of DayOne’s vision and our ability to deliver transformative results in a rapidly evolving industry,” said William Huang, Chairman of DayOne. “This transformation goes beyond operational independence— it solidifies our role as a leader in setting new industry benchmarks, advancing regional digital growth, and championing sustainable innovation.”
Jamie Khoo, CEO of DayOne, said: “DayOne represents more than a new name—it’s a commitment to leading with purpose, agility, and innovation. Our focus is on delivering cutting-edge digital infrastructure that propels industries and communities forward. This new chapter empowers us to create lasting impacts on economies and build a future-ready digital ecosystem.”
Gary Wojtaszek, Vice-Chairman of the Board and former President and CEO of CyrusOne, stated: “The formation of DayOne marks a pivotal moment for the industry. Backed by a forward-thinking board and an exceptional leadership team, DayOne is set to redefine digital infrastructure and establish new benchmarks in the sector.”
Operating across key markets such as Singapore, Johor (Malaysia), Batam (Indonesia), Greater Bangkok, Hong Kong SAR, and Tokyo, DayOne combines deep local expertise with a global vision to meet the growing demands of hyperscalers and enterprises. Its innovative strategies, such as the SIJORI market creation, integrate the strengths of Singapore, Johor, and Batam to deliver interconnected, scalable, low-latency, and sustainable digital infrastructure solutions.
DayOne’s competitive edge lies in its ability to anticipate market demands and deliver customer-centric solutions. With a focus on innovation, the company consistently sets industry benchmarks in speed, scalability, and execution. Its sustainability efforts include cutting-edge cooling technologies, renewable energy adoption, and green building designs aimed at reducing environmental impact and enhancing operational resilience.
Looking ahead, DayOne envisions a future where digital infrastructure fuels economic transformation and accelerates global connectivity. By integrating sustainability with advanced technology, DayOne is poised to drive innovation and empower industries worldwide.
About DayOne
DayOne is a data center pioneer that develops and operates next-gen digital infrastructure for industry leaders who demand reliable, cost-effective and quickly scalable solutions.
Our cutting-edge facilities empower hyperscalers and large enterprises to achieve rapid deployment and enhance connectivity, driving transformative engagement and innovation as we shape the future of industries. DayOne’s data centers are located across key markets, including Singapore, Johor (Malaysia), Batam (Indonesia), Greater Bangkok, Hong Kong SAR, Tokyo, and beyond.
Headquartered in Singapore, DayOne’s leadership team draws on over two decades of industry experience and a track record of building Asia’s largest data center business. With DayOne, they have created the SIJORI (Singapore, Johor, and Riau Islands) market as a global data center hub.
As demand for strategically located and customized data centers rises, DayOne’s entrepreneurial spirit, customer-first strategy, deep local partnerships, and agile executional capabilities uniquely position us to power the growth ambitions of leading hyperscalers and large enterprises around the world.
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Fintech PR
GES Completes Sale to Truelink Capital
Partnership Strengthens Commitment to Growth and Innovation
LAS VEGAS, Dec. 31, 2024 /PRNewswire/ — GES, a global leader in the exhibition and event industry, announced the completion of its sale by Viad Corp to Truelink Capital, a Los Angeles based private equity firm. This transformational transaction positions GES to accelerate growth as a privately-owned, stand-alone company within Truelink’s portfolio.
“We are thrilled to open a new chapter of our business in 2025 alongside Truelink,” shared Derek Linde, GES Chief Executive Officer. “Our talented team delivered extraordinary event experiences for our clients across the globe during 2024, as we continued to see strong momentum in our business. We are energized by this opportunity to partner with the Truelink team to accelerate innovation and expand our industry-leading capability to deliver premier experiential events to clients worldwide.”
With over 2,600 talented team members and strong, lasting relationships with business partners across the globe, GES and its companies have a decades-long history supporting the world’s leading brands and events in robust business verticals including healthcare, aerospace & defense, financial services, manufacturing, technology, and retail, in a variety of exhibitions, event and experiential marketing capacities.
“Truelink is excited to collaborate with Derek and his leadership team to enhance GES’ position as an industry leader and strengthen the company’s heritage of success,” said Luke Myers, Co-Founder and Managing Partner of Truelink. “We are excited to drive strategic investments to bolster GES and Spiro’s strengths in creative design, logistics and event production, accelerate its tech-enabled offerings, and expand GES’ international reach on Day 1. We thank Viad for its exceptional stewardship and support during the transition period, and look forward to collaborating with the GES leadership team to help the business reach its maximum potential”
About GES:
GES is a leading global provider of exhibition and experiential marketing services to event organizers and brand marketers. We empower clients to engage their audiences and elevate the customer experience by delivering comprehensive exhibition, experiential, strategic, creative, event management and accommodation, meeting planning and logistical solutions, as well as registration and engagement solutions. GES includes a dynamic collective of industry-leading companies and their distinctive specialties — GES Exhibitions, Spiro, onPeak, SHOWTECH and Visit. Whether partnering together or working independently, our companies strategically partner with brands and event organizers to transform business objectives into extraordinary experiences that drive meaningful customer connections and bottom-line impact.
www.ges.com
www.thisisspiro.com
www.onpeak.com
www.showtech.ca
www.visitcloud.com
About Truelink Capital
Truelink Capital is a middle-market private equity firm based in Los Angeles. Truelink pairs deep industry experience in the industrials and technology-enabled services sectors with a commitment to building partnerships that drive long-term value through an operationally focused strategy. Truelink partners with management, corporate sellers, and founders to accelerate growth through the execution of strategic initiatives and transformative add-on acquisitions.
Contacts:
Marianne Szczech
[email protected]
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Fintech PR
Innocan Pharma Announces Closing of Private Placement for Gross Proceeds of C$635,444.60
NOT FOR DISSEMINATION IN OR INTO THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
HERZLIYA, Israel and CALGARY, AB, Dec. 31, 2024 /PRNewswire/ — Innocan Pharma Corporation (the “Company“) (CSE: INNO) (FSE: IP4) (OTCQB: INNPF) is pleased to announce that it has closed its previously announced non-brokered private placement offering (the “Offering“) of units of the Company (the “Units“), pursuant to which the Company issued 3,177,223 Units at a price of C$0.20 per Unit (the “Offering Price“) for aggregate gross proceeds of $635,444.60.
Each Unit is comprised of one common share of the Company (a “Common Share“) and one common share purchase warrant of the Company (a “Warrant“). Each Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of C$0.28 for a period of four (4) years from the date of issuance.
The Company paid an arm’s length finder a cash fee of C$13,500 and issued to the finder 67,500 warrants attributable to investors introduced to the Company by the finder within 3 months following such introduction (“Finder Warrants“). Each Finder Warrant entitles the Finder to purchase one Common Share at an exercise price of C$0.28 for a period of four (4) years from the date of issuance.
Iris Bincovich Innocan Pharma’s CEO stated: “I am thrilled with this successful closing of this private placement round, which reflects strong investor confidence in Innocan’s long-term vision, strategic direction as well as our proprietary CBD-loaded liposome platform technology (LPT) and our strongly growing consumer wellness operations. These new funds raised will allow us to further advance our innovative LPT through its regulatory milestones, and furthers our long-term goal of enhancing health and wellness worldwide.”
The Company intends to use the proceeds from the Offering for working capital and general corporate purposes.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act“) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws or pursuant to an exemption from such registration requirements.
About Innocan
Innocan is an innovator in the pharmaceuticals and wellness sectors. In the pharmaceuticals sector, Innocan developed a CBD-loaded liposome drug delivery platform with exact dosing, prolonged and controlled release of synthetic CBD for non-opioid pain management. In the wellness sector, Innocan develops and markets a wide portfolio of high-performance self-care and beauty products to promote a healthier lifestyle. Under this segment Innocan carries on business through its 60% owned subsidiary, BI Sky Global Ltd. which focuses on advanced, targeted online sales.
For further information, please contact:
Iris Bincovich, CEO
+1-516-210-4025
+972-54-3012842
+44 203 769 9377
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Disclaimer for Forward-Looking Information
This news release includes certain statements and information that constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts are forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements that relate to the use of proceeds of the Offering; and statements regarding the FDA approval process for the Company’s LPT for its human pharmaceutical applications.
Statements contained in this release that are not historical facts are forward-looking statements that involve various risks and uncertainty affecting the business of the Company. Such statements can generally, but not always, be identified by words such as “expects”, “plans”, “anticipates”, “intends”, “estimates”, “forecasts”, “schedules”, “prepares”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. All statements that describe the Company’s plans relating to operations and potential strategic opportunities are forward-looking statements under applicable securities laws. These statements address future events and conditions and are reliant on assumptions made by the Company’s management, and so involve inherent risks and uncertainties, as disclosed in the Company’s periodic filings with Canadian securities regulators. As a result of these risks and uncertainties, and the assumptions underlying the forward-looking information, actual results could materially differ from those currently projected, and there is no representation by the Company that the actual results realized in the future will be the same in whole or in part as those presented herein. The Company disclaims any intent or obligation to update forward-looking statements or information except as required by law. Readers are referred to the additional information regarding the Company’s business contained in the Company’s reports filed with the securities regulatory authorities in Canada. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking statements, there may be other factors that could cause actions, events or results not to be as anticipated, estimated or intended. For more information on the Company and the risks and challenges of its business, investors should review the Company’s filings that are available at www.sedarplus.ca.
The Company provides no assurance that forward-looking statements and information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company does not undertake to update any forward-looking statements, other than as required by law.
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