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WTS and EQT enter long-term strategic partnership following investment from EQT X

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  • EQT, through the EQT X fund, becomes an anchor investor in WTS, providing significant growth capital as part of a long-term and comprehensive strategic partnership
  • EQT and WTS have a shared vision of significantly accelerating the Company’s growth in Germany and abroad, both organically and inorganically
  • With EQT’s support, WTS plans to increase investments in digital services and artificial intelligence (AI) building on the Company’s already strong digital offering

STOCKHOLM, April 2, 2025 /PRNewswire/ —  WTS Group (“WTS” or the “Company”), a full-service provider of tax and complementary financial advisory services, and EQT, a global private equity firm, are pleased to announce that the EQT X Fund (“EQT”) has become an anchor investor in WTS as part of a long-term strategic partnership. EQT and WTS aim to significantly accelerate the Company’s growth and jointly build a champion in the tax advisory industry.

Founded in Munich in 2000, WTS is now one of the leading independent players in the attractive tax advisory industry, with 14 locations in Germany, over 1,500 employees and an annual revenue of around EUR 250 million. WTS specialises in high-end advisory services for complex situations and counts 95 percent of the DAX40 companies, as well as numerous medium-sized global market leaders, among its clients. With a consistent technology-oriented advisory approach and the introduction of one of the leading AI solutions for tax functions (‘plAIground’), WTS is one of the pioneers of the digitalisation of the tax consultancy industry.

The strategic partnership is rooted in a shared vision that aims to create a tax advisory champion in Europe with a global reach, with EQT’s capital and M&A expertise used to fuel inorganic growth. This includes strengthening the international tax practice WTS Global and making further investment in new technologies, as well as expanding the breadth of complementary financial advisory services focussed on Office of the CFO activities.

“EQT is one of the largest private equity firms in the world. The WTS Executive Board is proud to be working with such a strong partner, who fully supports and shares our vision for the further development of the WTS Group. Together, we want to drive forward our 25-year success story and accelerate our ambitious expansion plans. WTS intends to become one of the leading brands for tax advice, tax technology and artificial intelligence for the tax industry in Europe,” explains Fritz Esterer, CEO of the WTS Group.

“WTS has established itself as a highly customer-oriented partner for corporate tax and finance functions with what we believe is a highly attractive business model. It combines industry, finance, consulting and technology expertise, while deliberately refraining from auditing annual financial statements to prevent conflicts with its consulting services. We have been following the development of WTS very closely for years and we are impressed by the Company’s performance and innovation mindset. We are very pleased to be working with Mr Esterer and his team to develop WTS into a leading European tax advisory firm,” comments Matthias Wittkowski, Partner and Global Co-Head Services at EQT.

The closing of the transaction is subject to customary regulatory approvals and is expected to take place in the summer of 2025. With this transaction, EQT X is expected to be 50-55 percent invested (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication), subject to customary regulatory approvals.

WTS was advised by Rothschild & Co (financial) and Noerr (legal). EQT was advised by Hengeler Mueller.

Media contacts

WTS: Florian Kestler, florian.kestler@wts.de

EQT international media enquiries: Finn McLaughlan, EQT, finn.mclaughlan@eqtpartners.com

EQT DACH media enquiries: Isabel Henninger, Kekst CNC, isabel.henninger@kekstcnc.com

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NYSE Content Advisory: Pre-Market update + U.S. and E.U. to negotiate trade

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NEW YORK, April 11, 2025 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins. 

Kristen Scholer delivers the pre-market update on April 11th

  • Stocks rose Friday as JP Morgan Chase (NYSE: JPM) exceeded earnings expectations.
  • China raised tariffs on U.S. imports to 125% after the White House upped its tariffs to 145% on Chinese imports.
  • Traders gave equities a boost after the European Union said its representatives will fly to Washington D.C. to “try and sign deals”

Opening Bell
Project H.O.O.D highlights its efforts to build a Leadership & Economic Opportunity Center on the South Side of Chicago

Closing Bell
YPF S.A. (NYSE: YPF) celebrates and introduces its new management team

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BingX Xpool Opens 50,000 BABY Reward Pool for USDT Stakers

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PANAMA CITY, April 11, 2025 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, is excited to announce the BABY token has been added to its Xpool feature. Starting April 7 at 10:00 (UTC) through April 14 at 10:00 (UTC), BingX users can stake USDT in Xpool to share a total reward pool of 50,000 BABY Points. Participants can redeem BABY Points at a 1:1 ratio for BABY tokens, providing early access to Babylon’s Bitcoin staking protocol without the need to lock actual BTC, ahead of BABY’s official spot listing and perpetual futures trading on April 10.

BABY is the governance and utility token of Babylon, a protocol that allows native Bitcoin staking without bridging or wrapping BTC. The token powers validator delegation, governance functions, and staking incentives. Its addition to X-Pool reflects BingX’s continued focus on providing access to promising early-stage projects through simple and flexible mechanisms.

By staking USDT in Xpool, BingX users gain a passive income opportunity tied to the growth of Bitcoin staking activity on Babylon. This is especially useful for those who want to participate in emerging staking models without the complexity of running nodes or interacting directly with smart contracts. Xpool ensures a streamlined process with no lock-up requirements and real-time reward tracking.

“Our users have been asking for more diverse and meaningful token options in Xpool. With BABY, we are offering them exposure to a unique staking protocol built specifically for Bitcoin holders”, said Vivien Lin, Chief Product Officer of BingX. “You don’t need to be a validator or bridge assets to benefit as you can just stake USDT through Xpool and start earning. It is simple, efficient, and designed with user control in mind.”

Adding BABY to Xpool strengthens BingX’s position as a flexible platform for low-barrier token engagement. The BABY Xpool campaign bridges trending DeFi utilities with a centralized, user-friendly experience to support novel protocols like Babylon while rewarding users who move early.

About BingX 

Founded in 2018, BingX is a leading crypto exchange, serving over 20 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.

For more information please visit: https://bingx.com/

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AIM Congress 2025 Concludes in Abu Dhabi, Cementing UAE’s Position as a Global Investment Hub

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ABU DHABI, UAE, April 11, 2025 /PRNewswire/ — The 14th edition of AIM Congress concluded successfully at the Abu Dhabi National Exhibition Centre (ADNEC), following three days of specialized discussions, strategic ministerial meetings, high-profile global forums, exhibitions, and networking sessions.

Held under the theme “Mapping the Future of Global Investment: The New Wave of a Globalized Investment Landscape – Towards a New Balanced World Structure,” the event served as a powerful platform for uniting global leaders, policymakers, and investors to address pressing economic challenges and explore sustainable, forward-looking solutions.

Supported by UAE Ministry of Economy, Ministry of Industry and Advanced Technology, and the Ministry of Investment, this year’s AIM Congress saw an exceptional turnout from heads of state, ministers, central bank governors, and mayors, alongside representatives from international organizations, financial institutions, and the private sector.

The event attended by 15,831 distinguished participants from 181 countries, including 207 high-level government officials, among them 9 heads of state and 74 ministers.

A total of 1,385 speakers contributed to 431 panel discussions and 11 workshops, alongside the presence of 435 media representatives. The event also featured 588 exhibitors and hosted 12,341 B2B,G2B & G2G meetings, emphasizing its role as a major platform for networking and business opportunities.The program also featured 13 roundtable meetings and 34 side forums. Additionally, 47 memoranda of understanding (MoUs) were signed, reflecting the event’s role as a catalyst for strategic global collaboration and investment partnerships.

His Excellency Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade and President of AIM Congress, praised the Congress’s outcomes, describing it as a milestone in the journey of the platform. He emphasized that the unprecedented participation of global leaders and decision-makers reflects the UAE’s expanding role as a global hub for economic dialogue and investment.

H.E noted that the Congress’s agenda had broadened to include timely themes such as artificial intelligence, clean technology, and sustainable supply chains, which contributed to the richness of discussions and the formation of new cross-border partnerships. Dr. Al Zeyoudi also highlighted that the congress’s success coincides with the UAE’s record-breaking achievements in foreign trade, a testament to the country’s economic resilience and progressive trade policies. “AIM Congress is not only a platform for communication, but an effective tool for steering the course of global economic development toward a more sustainable and prosperous future.”, he stated.

Dawood Al Shezawi, President of AIM Global Foundation emphasized that achieving success in organizing such a globally inclusive edition in Abu Dhabi reinforces the UAE’s reputation as a pivotal meeting point for shaping the future of the global economy. Al Shezawi added that “AIM’s mission extends beyond the event itself—it is about creating a sustainable system of global cooperation and partnerships that support innovation and unlock new opportunities for development”.

The high-level Ministerial Session on International Trade brought together ministers and trade experts from across continents to discuss the role of open trade policies and international trade agreements in shaping the future of open markets, regional cooperation, and sustainable economic integration.

The session opened with H.E. Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, AIM Congress President, who highlighted the UAE’s dynamic role in the global economy. He shared that the UAE achieved non-oil foreign trade of AED 3 trillion in 2024, a record annual increase of 14.6% compared to 2023, reflecting its successful diversification efforts. Furthermore, the UAE has signed 21 Comprehensive Economic Partnership Agreements (CEPAs) to date , underscoring the country’s commitment to building long-term, stable, and inclusive trade partnerships. H.E. Al Zeyoudi emphasized adaptability, neutrality in geopolitical tensions, and global collaboration based on shared interests and economic alignment. 

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Moderated by Soraya Gargash, Principal Researcher at the UAE Ministry of Economy, the panel engaged in a robust dialogue on how open trade policies and international trade agreements can drive prosperity, foster stability, and serve as a tool for innovation and inclusion.

H.E. Nougi Acosta Jaen, Minister of Finance for the Republic of Costa Rica, emphasized collaboration over fragmentation. “Trade must be built on shared standards and regulatory harmonization,” he noted. Warning against the inefficiencies of regional isolation, he emphasized that real development stems from transparency, coordination, and mutual respect among nations.

H.E. Todd McClay, New Zealand’s Minister for Trade and Investment, brought a human-centered perspective to trade policy. “Trade is about people—farmers, workers, small businesses,” he said. He cited New Zealand’s partnership with Mexico as a model of mutually beneficial trade, noting that trade agreements are not merely legal instruments, but bridges that “create value, culture, and connection.” His message was clear: “Find your strength, share it, and trade it.”

H.E. Laura Gonzalez Hernandez, Minister of Economic Development for the State of Mexico, presented Mexico as a prime example of how strategic policy and diversified trade can drive innovation. “Mexico is not only a country of potential—we are a country of action,” she said. By leveraging trade agreements and investing across sectors from agriculture to life sciences, Mexico is building an inclusive, opportunity-driven economy anchored in innovation and geographic connectivity.

H.E. Zaher Al Qatarneh, Secretary General of the Ministry of Investment of Jordan, opened his discussion by emphasizing the transformative potential of investment and trade operations. “Investment is not just a financial mechanism; it’s about job creation, economic diversification, and empowering youth and women,” he stated. Jordan’s improved legislative and digital frameworks are setting the foundation for attracting quality investments, he said, noting that “cooperation—not isolation—is the key to building lasting economic bridges.”

H.E. Wamkele Mene, Secretary General of the African Continental Free Trade Area (AfCFTA), addressed the vulnerabilities in global supply chains and the urgency of diversification. “Predictability is the cornerstone of investor confidence,” he stated. Mene stressed that Africa’s trade future lies in intra-continental collaboration, regulatory harmonization, and industrial development. “AfCFTA is not just a trade pact—it’s a development instrument,” he affirmed, reiterating Africa’s active role in shaping equitable global commerce.

The panelists agreed that the future of global trade depends on a continued  commitment to multilateralism, modernization of trade systems, and a shared vision for inclusive economic growth. Trade agreements, when designed with inclusiveness and transparency at their core, can serve as powerful tools to unlock opportunity and build resilience across regions.

AIM Congress 2025 also proudly unveiled the winners of its Startup Pitch Competition, featuring high-potential ventures from around the world across Seed and Series A categories. Participants competed for investments, sponsorships, and acceleration opportunities in a highly dynamic showcase of innovation and entrepreneurial excellence.

The top startups were recognized for their creativity, impact, and potential to scale.

Winners in the Seed Startup Pitch Competition:

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Winner: Neurabody (South Korea) – William Choi
1st Runner-Up: Viride GmbH (Germany) – Stefan Schmid
2nd Runner-Up: SAVE ME (UAE) – Zaynab Elhaj
3rd Runner-Up (shared): Sorise Tech (UAE) – Mohammad Farhan Kalim
3rd Runner-Up (shared): Startup Chaupal India (India) – Sumit Srivastawa

Winners in the Series A Startup Pitch Competition:

Winner: Coffee Cherry Beverage Co. LLC (Jordan) – Ramzi Marji
1st Runner-Up: Zinit Tech (UAE) – Ilia Shkabara
2nd Runner-Up: Carbelim Middle East Environmental (UAE) – Franklin Francis
3rd Runner-Up: Wedonet (Iraq) – Ranja Ali
3rd Runner-Up (shared): Carbelim Middle East Environmental (UAE) – Franklin Francis

Simultaneously, The AI Champion Awards at AIM Congress 2025 honored top innovators advancing AI-driven solutions across diverse sectors-

1. AI in Finance – Alexander Ionov  – Head of the Department of Artificial Intelligence Development, Bank Tochka (Russia)
2. AI in Project and Process Management – Fedorenko Mikhail – senior partner AI-Lazarus (Russia)
3. AI in Governance – Ilya Dushin – CEO Combox (UAE)
4. AI in Media&Entertainment – Anton Bogatushin – CEO AI BOG (Russia)
5. AI in E-Commerce – Vitaliy Klimov – CPO 24AI at Tochka Bank (Russia)
6. AI in Medicine –  Andrey Povarenkin – CCO “AI Opinion” (UAE)
7. AI in Infrastructure –  Abdulla Baghoum – Head of Technology Operations department, DU company (UAE)
8. ⁠AI in Commodities Trading – Mostafa Belkhayate – Springbox AI (UAE)

AIM Congress 2025 Summit concluded successfully, reaffirming its position as a leading global platform for strengthening economic partnerships, fostering innovation, and enabling sustainable investment worldwide. From the capital, Abu Dhabi, the congress continued to play its pivotal role in shaping the future of the global economy, laying the foundations for a new phase of growth and cross-border collaboration.

Contact: Shereen Al Musallami / 0526998032 / shereen.almusallami@aimcongress.com 

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