LG Channels Grows News Viewership Through Enhanced User Experience
In India, LG Channels offers a wide selection of FAST news channels to meet local demand for timely, diverse information. As of June 2025, news accounts for over 40 percent of all viewing time, with news channels dominating the platform's top 10. LG Channels features over 40 news channels in eight regional languages. Among these, Aaj Tak is the most-watched nationwide, with other major Hindi-language channels including India TV, Republic Bharat, TV9 Bharatvarsh and NDTV India.
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Saraha News
7 hours ago
- Saraha News
Bank ABC announces results for the period ended 30 June 2025: Net profit attributable to shareholders reaches US$ 152 million
saraha news-Bank ABC (Arab Banking Corporation B.S.C.) – Bahrain Bourse Trading Code 'ABC' – today announces its financial results for H1 2025. Bank ABC continued its resilient performance, against a backdrop of continuing global economic uncertainty, with an H1 net profit of US$152 million, a 1% headline growth over the corresponding period last year. Adjusted for foreign exchange translation differences, underlying* net profit grew by a robust 9% year-on-year (YOY), reflecting strong and diversified core business performance, underpinned by well-controlled credit costs. The Group's total assets reached a historic US$48 billion, propelled by a combination of core business momentum, FX movements as well as portfolio management activity. The Group continued to maintain healthy capital and liquidity buffers. During the period, Bank ABC received several prestigious industry awards, including 'MENA Cash Management Bank of the Year' by MEED's MENA Banking Excellence Awards and 'Best Bank for Sustainable Finance' and 'Bahrain's Best Digital Bank' by Euromoney Awards for Excellence. In addition, ila Bank was named 'MENA Retail Bank of the Year' by MEED and 'Bahrain's Best Consumer Digital Bank' by Euromoney. Bank ABC Islamic was also recognized as 'Best Sukuk House in Bahrain' by Euromoney's Islamic Finance Awards. Bank ABC's Group Chairman, H.E. Naji Belgasem remarked, 'The Group delivered strong results in the first half of 2025, particularly given the turbulent geopolitical environment that prevailed during this period. This stands testament to Bank ABC's diversified business model and focused execution of the strategy, which allows it to leverage market opportunities across the Group's international franchise while maintaining focus on balance sheet health. Business pipelines are strong, supporting confidence in revenue momentum and delivery of sustained value for all our shareholders over the remainder of the year.' Detailed summary of the Financial Results is explained below: Q2 2025 Performance Highlights Consolidated net profit attributable to the shareholders of the parent, for Q2 2025 was US$76 million, +1% higher compared to US$75 million reported for the same period last year, on a headline basis. Underlying* growth in net profit, adjusted for FX impact was+5%. Earnings per share for the period was US$0.024, in line with the same period last year. Total comprehensive income attributable to the shareholders of the parent was a positive US$99 million as compared to a negative US$28 million reported during the same period of last year. Q2 2025 benefitted from the strengthening of currencies (in particular BRL) against the US$, as compared to Q2 2024, which was impacted by the devaluation of the BRL against the US$. Total operating income for Q2 2025 was US$340 million, 3% higher compared to US$331 million reported for the same period last year. Underlying* Total Operating Income for Q2 2025 was US$353 million, compared to US$ 331 million for the same period last year, a YoY growth of +7% after adjusting for FX impact. H1 2025 Performance Highlights Consolidated net profit attributable to the shareholders of the parent, for H1 2025 was US$152 million, a growth of 1% compared to US$150 million reported last year. Underlying* growth in net profit, adjusted for FX impact was +9%, driven by a combination of higher average asset volumes and steady cost of credit. Earnings per share for the period was US$0.046, compared to US$0.046 in the same period last year. Total comprehensive income attributable to the shareholders of the parent was a positive US$253 million as compared to a negative US$56 million during the same period last year. H1 2024 was impacted by the devaluation of Egyptian pound and Brazilian Real against the US$. Total operating income for H1 2025 was US$672 million, as compared to US$674 million reported last year. Underlying* Total Operating Income was US$713 million, reflecting a growth of +6% after adjusting for FX impact reflecting broad based growth across almost all the core markets. Balance Sheet Equity attributable to the shareholders of the parent and perpetual instrument holders at the end of the period was US$4,363 million, compared to US$4,207 million reported at the 2024 year-end, after absorbing the impact of dividend payments. Total assets stood at US$48.0 billion at the end of the period, as compared to US$46.3 billion reported at the 2024 year-end, an increase of 4% driven by core business growth in the loan portfolio, FX movements and balance sheet optimization and portfolio management actions. Healthy Capital and Liquidity ratios: Tier 1 Capital ratio at 14.8%, of which CET1 at 13.0%. LCR and NSFR at 177% and 121% Bank ABC is a leading player in the region's banking industry, with a presence in 15 countries across five continents. It provides innovative global wholesale banking solutions in both conventional and Islamic Finance, across Transaction Banking, Project and Structured Finance, Capital Markets, Financial Markets, Real Estate Finance to corporates and financial institutions. It also provides consumer banking services through its network of branches in Jordan, Egypt, Tunisia, Algeria, and through ila Bank, its digital mobile-only bank, in Bahrain and ila banking app in Jordan.The full financial statements and press release are available on the Bahrain Bourse and Bank ABC's website. Bank ABC will host a virtual Investors call to discuss the H1 2025 earnings on 18 August 2025. Further details and the investor presentation are available at
Jordan Times
9 hours ago
- Jordan Times
Military aid to Ukraine — Europe gives more, widening gap with US
PARIS — Europe again increased its military aid to Ukraine in May and June, unlike the United States, and is depending increasingly on its defence industry rather than existing weapons stockpiles, the Kiel Institute for the World Economy said Tuesday. Europe, the United Kingdom included, sent or earmarked a total of 80.5 billion euros in military aid between the start of the war in February 2022 and the end of June 2025 against 64.6 billion euros allocated by the United States. The Germany-based Institute's data shows that the overall European military aid had outstripped the United States in the spring for the first time since June 2022. "A significant proportion of the weapons provided no longer comes from stockpiles but is procured directly through the defence industry," the institute said. "This means that Europe now also leads the US in terms of total volume of military aid provided through industry since the start of the war." Taro Nishikawa, a project lead at the research body's Ukraine Support Tracker, said it was "a clear indication of the expanding role of defence manufacturing in military assistance." In May and June, Europe earmarked 10.5 billion euros of military aid to Ukraine: Germany put up a package of five billion euros, followed by Norway with 1.5 billion euros and Belgium with 1.2 billion euros. The Netherlands, the United Kingdom and Denmark each earmarked between 500 and 600 million euros. At least 4.6 billion euros of the European military aid, or 44 percent of the overall amount in May and June, is set to be channelled through procurement contracts, mainly with Europe-based defence firms, notably based in Ukraine, the Kiel Institute said. Over the same period, Washington approved major exports of arms to Ukraine in May but not in the form of military aid under the Kiel Institute's definition because they have to be paid for by Ukraine itself. The United States was the main provider of aid to Ukraine before Donald Trump's return to the White House on January 20, 2025 when he broke with his Democrat predecessor Joe Biden's Ukraine support strategy. US Vice President JD Vance told the conservative news channel Fox News, in an interview broadcast on Sunday, that he believed Washington had now ended its financial support for Ukraine. "But if the Europeans want to step up and actually buy the weapons from American producers, we are okay with that," he said. Trump and his Russian counterpart Vladimir Putin are scheduled to meet in Alaska on Friday to reach, according to the US president, a possible agreement on exchanging territory to bring an end to the war in Ukraine sparked by the Russian invasion more than three years ago.
Jordan Times
a day 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".
