
HUAWEI MatePad Pro 12.2": Uncompromised PC-Level Productivity with Tablet Convenience
The HUAWEI MatePad Pro 12.2' is a whole new way to work, simplifying productivity by offering a tablet that turns into a PC form factor with all the software bells and whistles you would need.
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Al Bawaba
3 hours ago
- Al Bawaba
eToro Reports Second Quarter 2025 Results
eToro Group Ltd. ('eToro', or the 'Company') (NASDAQ: ETOR), the trading and investing platform, today announced financial results for the second quarter ended June 30, 2025.'I am proud of the eToro team for delivering another strong quarter, while meaningfully expanding our product innovation and geographical footprint. In the second quarter, we offered 24/5 trading for U.S. equities, introduced new long-term portfolios in partnership with Franklin Templeton, and launched savings products in France, all while strengthening our footprint in Asia through our new Singapore hub. These advancements reflect our commitment to making investing simpler and more accessible for our global ahead, we are excited to continue developing technologies like tokenization and AI tools that we believe will transform how retail investors interact with the markets and create new opportunities for growth. As we continue to execute on our strategy, we remain confident in our ability to drive sustainable value for our users and shareholders,' commented Yoni Assia, CEO and Co-founder of eToro.'We are very pleased with our 2025 second quarter results, the first as a public company. Net contribution grew 26% year over year and adjusted EBITDA grew 31% year over year reflecting our focus on profitable revenue growth,' said Meron Shani, eToro Quarter 2025 Financial and Product Highlights• Net contribution increased by 26% year over year to $210 million, compared to $167 million in the second quarter of 2024, driven primarily by increased trading activity.• Net income (GAAP) was $30.2 million, compared to $30.6 million in the second quarter of 2024, and included $15 million of IPO and other related costs.• Adjusted Net Income (Non-GAAP) was $54.2 million, compared to $44.2 million in the second quarter of 2024.• Adjusted EBITDA (non-GAAP) increased by 31% year over year to $72 million, compared to $55 million in the second quarter of 2024, largely due to increased revenue and disciplined cost management.• Adjusted Diluted EPS (non-GAAP) was $0.56, compared to $0.51 in the second quarter of 2024.• Funded accounts increased 14% year over year to 3.63 million compared to 3.17 million in the second quarter of 2024. This was driven primarily by ongoing user acquisition and retention efforts, as well as the acquisition of Australian investing app Spaceship in 2024.• Assets under Administration grew by 54% year over year to $17.5 billion, compared to $11.3 billion in the second quarter of 2024.• Cash, cash equivalents and short term investments were $1.2 billion as of June 30, 2025. • Launched key products in AI, tokenization, savings and eToro money across our four pillars of Trading, Investing, Wealth Management and Neo-banking. Business Highlights eToro continued to focus on sustainable, profitable growth in the second quarter, launching products and services to support users at every stage of their investing journey. © 2000 - 2025 Al Bawaba (


Al Bawaba
5 hours ago
- Al Bawaba
LG to Introduce the Next Evolution in Portable TVs with the Upcoming Launch of StanbyME 2 in the Gulf Region
LG Electronics is thrilled to announce the upcoming launch of its highly anticipated portable lifestyle TV, the StanbyME 2, set to redefine how we experience entertainment at home and on the go. Building on the success of its predecessor, the StanbyME, this new iteration promises to deliver even greater versatility, innovation, and convenience for modern StanbyME 2 will officially debut this summer, offering a glimpse into the future of portable entertainment. While details about the product remain under wraps, LG invites you to imagine a device that seamlessly integrates cutting-edge technology with sleek design, making it an essential companion for work, play, and relaxation. With its innovative features and award-winning design, the StanbyME 2 represents LG's commitment to creating products that adapt to users' needs and environments—whether indoors or outdoors. Stay tuned for more updates as we approach the official launch date!To celebrate the arrival of the StanbyME 2, LG is excited to partner with Mumma Dubai Mums Club for an exclusive Try & Buy campaign from August 8 to August 24, 2025. This unique opportunity allows select participants to experience the revolutionary features of the StanbyME 2 firsthand before its official release. Whether you're looking to elevate your home entertainment setup, explore creative ways to express your personal style, or simply enjoy immersive viewing wherever life takes you, the Try & Buy campaign offers a chance to see what makes the StanbyME 2 a game-changer. Excited customers can apply for the campaign here and be sure to follow Mumma Dubai Mums Club and LG's social media channels for updates. Spots are limited, so don't miss out on this exciting opportunity!While we can't reveal all the details just yet, here's a sneak peek at what makes the StanbyME 2 stand out. Designed for ultimate flexibility, the StanbyME 2 adapts to your lifestyle. Whether you want to roll it into different rooms, detach the screen for tabletop use, or carry it outdoors, this device is built to move with you. With improved battery capacity, the StanbyME 2 ensures uninterrupted entertainment for hours, whether you're watching movies, playing games, or hosting gatherings. The StanbyME 2 also boasts an award-winning aesthetic that complements any space, allowing you to showcase your personal taste and creativity. From its intuitive touch screen to its ability to double as a mood-enhancing art display, the StanbyME 2 redefines what a TV can be. These features build on the strong foundation laid by the original StanbyME, which became a favourite among tech enthusiasts and lifestyle aficionados alike. The countdown to the StanbyME 2 launch has begun, and LG is inviting everyone to be part of the journey. Whether you're a fan of cutting-edge technology, a design enthusiast, or someone who values versatility in their devices, the StanbyME 2 is designed with you in mind. Don't forget to mark your calendars for the Try & Buy campaign with Mumma Dubai Mums Club from August 8 to August 24.


Jordan Times
21 hours ago
- Jordan Times
The semiconductors costing Nvidia, AMD dearly
BEIJING — US semiconductor giants Nvidia and Advanced Micro Devices will pay the United States government 15 per cent of their revenue from selling artificial intelligence chips to China, according to media reports. Here is what you need to know about the chips and their role in the US-China tech war: Why are these chips so important? The chips in question, according to the reports, are Nvidia's "H20" chip and the "MI308" from Advanced Micro Devices (AMD). The California-based companies developed these chips -- less powerful than their flagship models -- specifically for the Chinese market. They are significant as they are AI "accelerators", meaning that they are useful in carrying out demanding tasks and computation, said Dylan Loh, an assistant professor at Singapore's Nanyang Technological University. "This is obviously a key tool to expand the AI-hungry demands of countries and companies building out their AI tools," Loh told AFP. Previously, the United States had been restricting the export of such chips on national security grounds. The two chipmakers had warned in April of big financial losses connected to these earlier constraints. Nvidia expected the previous rules to cost it $5.5 billion, while AMD forecast it could sap as much as $800 million from the company's bottom line. Why are sales to China controversial? Nvidia and other US chip companies have lobbied against the tough restrictions in recent years on selling cutting-edge semiconductors to China. That pressure appeared to have paid off last month, when Nvidia said Washington had pledged to let the company sell the H20 chips to China. The policy reversal has "raised eyebrows", Loh said. "These chips and many other chips have a dual use nature which means it can be used to advance their military capabilities in various ways," he told AFP. This includes the possible use of these chips potentially by US forces in the event of a confrontation, Chong Ja Ian, an associate professor at the National University of Singapore, told AFP. Defending the policy change last month, US President Donald Trump's AI point person David Sacks told CNBC the H20 was a "deprecated chip" that is "not anywhere close to the state of the art". He said the reversal on the H20 came because Nvidia's Chinese rival Huawei was making "huge strides" and could potentially threaten Nvidia's market dominance. Sunday's reported deal is "unprecedented" though, Chong said. "They do suggest the cost of market access in an environment of more intense major power competition," he added. There could still be obstacles ahead for the chipmakers. US lawmakers have proposed plans to require Nvidia and other manufacturers of advanced AI chips to include built-in location tracking capabilities. On Thursday, Trump demanded that the new boss of US chip maker Intel resign "immediately", after a Republican senator raised national security concerns over his links to firms in China. What does China say? China has meanwhile sought to increase its self-reliance in the field of semiconductors. Nvidia is facing growing distrust in China, with state media on Sunday labelling the H20 chips as unsafe. "The US government's decision to allow Nvidia to export the H20 to China inevitably raises some troubling concerns," said YuyuanTantian, an outlet affiliated with state broadcaster CCTV. It is not a secure chip for China, not advanced, and not environmentally friendly, it added in an article on social media platform WeChat. Beijing's top internet regulator summoned Nvidia representatives in July to discuss "serious security issues" involving the H20. The Cyberspace Administration of China said it had asked Nvidia to "explain the security risks of vulnerabilities and backdoors in its H20 chips sold to China and submit relevant supporting materials". The statement noted that, according to US experts, location tracking and remote shutdown technologies for Nvidia chips "are already matured".