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Figma and Motiff Reach Global Settlement in Intellectual Property Protection Lawsuits

Figma and Motiff Reach Global Settlement in Intellectual Property Protection Lawsuits

Business Wire7 hours ago
SAN FRANCISCO--(BUSINESS WIRE)-- Figma and Motiff announced today that the companies have reached an agreement to resolve their intellectual property disputes in the U.S. and Singapore.
Under the settlement agreement, Motiff will cease selling its current Motiff Editor Tool and will not sell any future products derived from it, globally, with the exception of mainland China.
In September 2024, Figma filed a U.S. lawsuit for breach of contract and copyright infringement against Motiff and its affiliates. On the same day that Figma filed its U.S. suit, it also sued Motiff in Singapore for copyright infringement and trademark infringement. Figma and Motiff have mutually agreed to settle both lawsuits.
Under the settlement agreement, Motiff will cease selling its current Motiff Editor Tool and will not sell any future products derived from it, globally, with the exception of mainland China. In mainland China, Motiff may continue to sell its current Motiff Editor Tool for one year, while it reengineers and redesigns the product.
Motiff has also agreed to reimburse Figma's legal expenses.
'Figma is singularly focused on building the best possible product for our users. We welcome fair competition and strongly believe that no one should be allowed to copy our or others' IP to gain an advantage. We are pleased to have reached a global settlement that aligns with Figma's values and allows us to keep building for our customers and community without distraction,' said a Figma spokesperson.
'Motiff is equally pleased to have reached a compromise global settlement with Figma that will allow us to focus our efforts on Motiff's AI 2.0 product. Motiff is committed to bringing AI value to our users,' said a Motiff spokesperson.
The agreement took effect on July 23, 2025.
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NTT DATA Partners with Google Cloud to Accelerate Agentic AI Adoption and Cloud Modernization for Enterprises Globally
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Business Wire

time27 minutes ago

  • Business Wire

NTT DATA Partners with Google Cloud to Accelerate Agentic AI Adoption and Cloud Modernization for Enterprises Globally

TOKYO & LONDON--(BUSINESS WIRE)--NTT DATA, a global leader in digital business and technology services, today announced a global partnership with Google Cloud to accelerate AI-powered cloud innovations and unlock new possibilities with AI for enterprise organizations across industries. This collaboration combines NTT DATA's deep industry expertise in AI, cloud-native modernization and data engineering with Google Cloud's advanced analytics, AI and cloud technologies to deliver tailored, scalable enterprise solutions. With a focus on co-innovation, the partnership will drive industry-specific cloud and AI solutions, leveraging NTT DATA's proven frameworks and best practices along with Google Cloud's capabilities to deliver customized solutions backed by deep implementation expertise. Significant joint go-to-market investments will support seamless adoption across key markets. According to Gartner®, worldwide end-user spending on public cloud services is forecast to reach $723 billion in 2025, up from $595.7 billion in 2024. 1 The use of AI deployments in IT and business operations is accelerating the reliance on modern cloud infrastructure, highlighting the critical importance of this strategic global partnership. 'This collaboration with Google Cloud represents a significant milestone in our mission to drive innovation and digital transformation across industries,' said Marv Mouchawar, Head of Global Innovation, NTT DATA. 'By combining NTT DATA's deep expertise in AI, cloud-native modernization and enterprise solutions with Google Cloud's advanced technologies, we are helping businesses accelerate their AI-powered cloud adoption globally and unlock new opportunities for growth.' 'Our partnership with NTT DATA will help enterprises use agentic AI to enhance business processes and solve complex industry challenges,' said Kevin Ichhpurani, President, Global Partner Ecosystem at Google Cloud. 'By combining Google Cloud's AI with NTT DATA's implementation expertise, we will enable customers to deploy intelligent agents that modernize operations and deliver significant value for their organizations.' Driving AI innovation across industries NTT DATA will leverage Google Cloud technology to develop several industry-specific AI and cloud solutions, accelerating enterprise transformation across sectors including banking, insurance, manufacturing, retail, healthcare, life sciences and the public sector. For example, in financial services, this collaboration will support regulatory compliance and reporting through NTT DATA solutions like Regla, which leverage Google Cloud's scalable AI infrastructure. In hospitality, NTT DATA's Virtual Travel Concierge enhances customer experience and drives sales with 24x7 multilingual support, real-time itinerary planning and intelligent travel recommendations. It uses the capabilities of Google's Gemini models to drive personalization across more than 3 million monthly conversations. Key focus areas include: Industry-specific agentic AI solutions: NTT DATA will build new industry solutions that transform analytics, decision-making and client experiences using Google Agentspace, Google's Gemini models, secure data clean rooms and modernized data platforms. AI-driven cloud modernization: Accelerating enterprise modernization with Google Distributed Cloud for secure, scalable modernization built and managed on NTT DATA's global infrastructure, from data centers to edge to cloud. Next-generation application and security modernization: Strengthening enterprise agility and resilience through mainframe modernization, DevOps, observability, API management, cybersecurity frameworks and SAP on Google Cloud. Sovereign cloud innovation: Delivering secure, compliant solutions through Google Distributed Cloud in both air-gapped and connected deployments. Air-gapped environments operate offline for maximum data isolation. Connected deployments enable secure integration with cloud services. These scenarios meet data sovereignty and regulatory demands in sectors such as finance, government and healthcare without compromising innovation. Google Distributed Cloud sandbox environment: Google Distributed Cloud sandbox environment is a digital playground where developers can build, test and deploy industry-specific and sovereign cloud deployments. 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Their combined expertise has been instrumental in migrating more than 380 workloads to Google Cloud to align with our cloud-first strategy,' said José Luis González Santana, Head of IT Infrastructure, Carrefour. 'By running SAP HANA on Google Cloud, we have consolidated 100 legacy applications to create a powerful, modernized e-commerce platform across 200 hypermarkets. This transformation has given us the agility we need during peak times like Black Friday and enabled us to launch new services faster than ever. Together, NTT DATA and Google Cloud are helping us deliver more connected, seamless experiences for our customers,' About NTT DATA NTT DATA is a $30+ billion trusted global innovator of business and technology services. We serve 75% of the Fortune Global 100 and are committed to helping clients innovate, optimize and transform for long-term success. 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Alipay+ and Kaspi.kz Enhance International Payment Acceptance in Kazakhstan
Alipay+ and Kaspi.kz Enhance International Payment Acceptance in Kazakhstan

Business Wire

time2 hours ago

  • Business Wire

Alipay+ and Kaspi.kz Enhance International Payment Acceptance in Kazakhstan

SINGAPORE--(BUSINESS WIRE)--Alipay+, Ant International's global wallet gateway, and the leading super app in Kazakhstan, have enabled international cross-border QR payment acceptance in Kazakhstan. Users of 12 Alipay+-enabled payment apps can scan-to-pay via Kaspi QR, which has the largest nationwide merchant coverage, from shopping, F&B and attractions, to convenience stores, medical services and even stores in smaller villages and towns. Kazakhstan becomes the first country in Central Asia to accept Alipay+, enabling local merchants to leverage the country's digital payment infrastructure to benefit from tourism growth by accepting more international payment options. In the first half of 2025, Kazakhstan welcomed a record 7.5 million international visitors. Travellers from China, Germany and South Korea are amongst the top five arrivals to Kazakhstan, and they can now use their Alipay+-enabled app to make seamless payment. Edward Yue, General Manager for SEA, South Asia and ANZ, Ant International said, 'We're very excited to be strengthening our partnership with for both inbound and outbound cross-border mobile payments that benefits Kazakhstani travellers and businesses. We have seen great momentum in Kazakhstanis using their app across our global Alipay+ merchants, and now we're building on the rich local ecosystem offered via Kaspi QR to connect our global partners to local businesses. As more people seek culturally rich and unique destinations, we will continue to work closely to promote vibrant and sustainable growth in Kazakhstan and the region.' This builds on the successful partnership between Alipay+ and for outbound cross-border mobile payments, since April 2024. Top destinations for Kazakhstanis include China, Japan, South Korea and Southeast Asia, to Australia, Italy and France. Mikhail Lomtadze, CEO and Co-founder of said, 'Since last year, in partnership with Alipay+, Kazakhstanis began to pay in some of their favourite travel destinations using the super app. Now, we're taking our partnership one step further. Guests visiting Kazakhstan can now pay via Kaspi QR using their Alipay+ enabled e-wallets or bank apps. We thank Alipay+ for the opportunity to work together to make travel to Kazakhstan more convenient, and jointly promote growth.' Alipay+ connects 1.7 billion user accounts from 36 international payment partners to more than 100 million merchants across 70 markets. About Alipay+ Ant International's Alipay+ is a Unified Gateway with cross-border payment and digitisation services that help connect global merchants to consumers. Consumers enjoy seamless payment, a broad choice of deals and the convenience of digital services using their preferred payment app while travelling abroad. Small and medium-sized businesses may use Alipay+ digital tools to enhance efficiency and achieve omni-channel growth. About mission is to improve people's lives by developing innovative mobile products and services. To deliver upon this we operate a unique two-sided Super App model – Super App for consumers and Kaspi Pay Super App for merchants. Through these Super Apps consumers and merchants can access our leading Payments, Marketplace, and Fintech Platforms. All our services are designed to be highly relevant to users' everyday needs and enable consumers and merchants to connect and transact between themselves. The combination of a large, highly engaged consumer and merchant base, best-in-class, highly relevant digital products and a capex lite approach, results in strong top-line growth, a profitable business model and enables us to continue innovating, delighting our users and fulfilling our mission. In January 2025, acquired a 65.41% stake in Hepsiburada, one of the leading e-commerce companies in Türkiye. Harvard Business School has written two case studies on which it continues to teach to its MBA students. has been listed on Nasdaq since January 2024.

GreenFirst Reports Financial Results for the Second Quarter of 2025
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GreenFirst Reports Financial Results for the Second Quarter of 2025

TORONTO, August 13, 2025--(BUSINESS WIRE)--GreenFirst Forest Products Inc. (TSX: GFP) ("GreenFirst" or the "Company") announced results for the second quarter and two quarters ended June 28, 2025. The Company's interim financial statements ("Financial Statements") and related Management's Discussion and Analysis ("MD&A") for the second quarter and two quarters ended June 28, 2025 are available on GreenFirst's website at and on SEDAR+ at Highlights Q2 2025 net loss from continuing operations was $9.6 million or $0.42 loss per share (diluted), compared to net income of $0.9 million or $0.04 earnings per share (diluted) in Q1 2025. Adjusted EBITDA from continuing operations for Q2 2025 was negative $5.2 million compared to positive $5.1 million in Q1 2025. Benchmark lumber prices declined during the quarter, resulting in an average realized lumber price of $712 per thousand board feet (mfbm) in Q2 2025, down from $729/mfbm in Q1 2025. During Q2 2025, the Company continued collaboration with the Chapleau large log line supplier to ensure the project remains on schedule and within budget. This counter-cyclical investment is supported by anticipated government funding expected in the coming months. The new production line is projected to enhance productivity and reduce unit costs, delivering significant EBITDA benefits starting in 2026 and beyond. On August 8, 2025, the US DOC's Final Determination of its Sixth Administrative Review with respect to imports of softwood lumber products from Canada for 2023 assessed a duty rate higher than what the Company was assessed in 2023. Based on this final rate, calculated to be 35.19%, the Company will record a non-cash duty expense of approximately US$19 million ($26 million CAD), plus accrued interest, in the third quarter of 2025 related to the increase in ADD and CVD rates. Cash deposits are paid at the most recent final ADD and CVD duty rates. Amounts paid to date remain held in trust by the US DOC. GreenFirst Reports Q2 Results Amid Market Uncertainty "Despite market uncertainty, we finished Q2 2025 with higher sales volumes compared to Q1 2025 - approximately 110,000 mfbm versus 90,000 mfbm. We recorded a negative EBITDA of $5.2 million in Q2 2025, primarily due to lower selling prices and higher lumber costs associated with inventory produced in Q1 2025," said Joel Fournier, GreenFirst's Chief Executive Officer. "On a positive note, GreenFirst set a new high during the quarter in terms of production records with volume reaching 115,000 mfbm, the highest in Company history for continuing operations. Looking ahead, we will maintain a prudent approach, preserve a solid balance sheet, and remain focused on the factors we can control - improving operational effectiveness and driving long-term performance." Financial Highlights The following selected financial information is from the Company's financial statements and MD&A: (In thousands of CAD, except per share amounts) June 28, March 29, June 29, For the quarter ended 2025 2025 2024(4 ) Net sales from continuing operations(3) $ 84,538 $ 71,830 $ 69,650 Operating earnings (loss) from continuing operations (8,828 ) 1,411 (9,650 ) Net income (loss) (9,593 ) 920 (14,529 ) Net income (loss) from continuing operations (9,593 ) 920 (9,946 ) Basic earnings (loss) per share (0.42 ) 0.04 (0.82 ) Basic earnings (loss) per share from continuing operations (0.42 ) 0.04 (0.56 ) Diluted earnings (loss) per share (0.42 ) 0.04 (0.82 ) Diluted earnings (loss) per share from continuing operations (0.42 ) 0.04 (0.56 ) Adjusted EBITDA from continuing operations(1)(2) $ (5,161 ) $ 5,060 $ (6,075 ) (In thousands of CAD) June 28, December 31, As at 2025 2024 Total assets $ 216,080 $ 220,466 Total liabilities 77,306 74,850 Total shareholders' equity $ 138,774 $ 145,616 1Adjusted EBITDA is a Non‐GAAP measure and does not have standardized meaning under GAAP or IFRS. As a result, it may not be comparable to information presented by other companies. For an explanation and reconciliation of Adjusted EBITDA to related comparable financial information presented in the Financial Statements prepared in accordance with IFRS, refer to the Non-GAAP Measures section in the Company's MD&A. 2Non-GAAP Adjusted EBITDA before one-time duties recoveries for the second quarter and two quarters ended June 28, 2025 was negative $5.2 million and negative $0.1 million respectively, compared to negative $6.1 million and $0.2 million respectively, for the second quarter and two quarters ended June 29, 2024. 3Includes net sales to external parties. 4Certain prior period amounts have been restated as a result of a change in presentation of the Company's Financial Statements for continuing and discontinued operations under IFRS. Please refer to Note 4 - Discontinued Operations, in the Company's Financial Statements for further information. Net sales in Q2 2025 were $84.5 million, representing an approximate 18% increase compared to Q1 2025. This increase was primarily driven by higher shipments during the quarter, partially offset by lower realized prices. Cost of sales were $80.1 million, an increase of approximately 29% compared to Q1 2025. The increase in cost of sales was primarily due to higher shipment volumes during the quarter. Other Expenses Duties expense of $8.3 million in the second quarter of 2025 was higher than the first quarter of 2025 of $5.7 million due to higher shipments. During both quarters the Company was subject to a combined duty rate of 14.4%. SG&A expenses were $4.6 million in the second quarter of 2025 compared to $2.6 million in the first quarter of 2025, which was primarily due to non-cash compensation expenses in addition to higher non-recurring professional and legal services in the current period. Liquidity and Borrowings At June 28, 2025, the Company had $4.4 million in cash on hand and $39.8 million, less $8.1 million for standby letters of credit, of excess availability under its revolving portion of the credit facility. In addition, the Company also had access to $12.7 million remaining under its equipment financing portion of the credit facility. The Company had drawn down $12.5 million under its revolving portion of the credit facility and $12.3 million (net of repayments) under its equipment financing agreement as at June 28, 2025. Outlook The economic outlook for the lumber industry reflects a balance of ongoing challenges and emerging opportunities. Macroeconomic concerns are beginning to stabilize, which may support a recovery in lumber demand and pricing. In North America, the housing market is showing signs of recovery after recent volatility. Mortgage rates are expected to ease while price growth moderates in 2025, which should improve affordability for borrowers. This could provide relief to homeowners and support demand in new construction, remodeling, and renovation activity which are all key factors that are expected to continue driving lumber demand. However, it's hard to say for sure how much mortgage rates will go down and it is also possible they will rise due to the current economic uncertainty. Structural market dynamics are also contributing to longer-term demand fundamentals. A persistent shortage of housing inventory in the U.S., the aging of the existing housing stock, and demographic-driven demand are likely to support the lumber market both in the near and long term. In the short term, reduced lumber demand and conservative inventory management are creating supply-side pressures. Supply constraints persist, particularly in Western Canada due to wildfire impacts, regulatory harvest limits, and mill curtailments. While these factors mainly affect Western provinces, limited timber availability and transportation challenges also influence the broader Canadian lumber supply chain, including Ontario. These constraints contribute to ongoing tightness in lumber supply which could help stabilize or even support lumber prices in the coming months. Labour market constraints remain a key challenge for the industry, contributing to higher costs and occasional production disruptions. Inflationary pressures across North America have further increased the cost of critical inputs, placing additional strain on operational efficiency. Staffing challenges and tight wood supply are ongoing risks that could negatively impact production output and margins across the industry. Despite these pressures, continuous improvements in production and processing techniques are driving gains in efficiency and helping reduce costs. Companies with access to capital to invest in modern, efficient equipment are better positioned to enhance long-term competitiveness. A growing focus on environmental sustainability is also reshaping the industry landscape. Organizations that prioritize sustainable forest management and environmentally responsible operations are increasingly gaining favor among regulators, consumers, and investors. GreenFirst is aligned with this trend, producing high-quality lumber in a safe and responsible manner. We are committed to protecting our employees and the environment while creating long-term value for our stakeholders. Our renewable building materials sequester carbon and represent a natural solution in the global effort to combat climate change. Nonetheless, downside risks remain. Should broader economic conditions or employment levels weaken significantly, or if interest rates remain elevated for an extended period without sufficient adjustments in housing prices, affordability could remain strained. This scenario could suppress new home construction and, in turn, reduce near-term demand for lumber products. Our company, based in Ontario, primarily supplies SPF lumber products to the U.S. market. On a year-to-date basis, SPF lumber prices have rebounded in 2025, with benchmark prices increasing approximately 8-10%. Pricing strength is supported by constrained supply, elevated U.S. rebuilding demand (notably in wildfire-affected areas), and ongoing trade-related duties on Canadian exports. Similar to most Canadian softwood lumber exporters, our company faces combined anti-dumping and countervailing duties of approximately 34–35% imposed by the U.S. Department of Commerce. Our SPF products have largely remained exempt from tariffs due to compliance with the United States-Mexico-Canada Agreement (USMCA), except for a two-day period in the first quarter of 2025. The actual impact of any current or future tariffs remains unknown and cannot be reasonably estimated at this time. Several factors will influence the outcome, including the effective date and duration of any new trade actions, potential changes in the amount, scope, or nature of the tariffs, and the possibility of countermeasures by the Canadian government. Additionally, any mitigating actions available to the Company or the broader industry may affect the overall impact. We continue to monitor developments closely and assess their potential implications for our operations and financial position. Reconciliation of Adjusted EBITDA References to EBITDA in this document are measures of earnings (loss) before interest and finance costs, income taxes, depreciation and amortization, while references to Adjusted EBITDA reflect EBITDA plus other non-operating costs such as impact of valuation changes on the Company's investments, loss on sale of assets and other non-operating losses. Management believes that certain lenders, investors, and analysts use EBITDA and Adjusted EBITDA as a common valuation measurement and to measure the Company's ability to service debt and meet other payment obligations. EBITDA and Adjusted EBITDA are not intended to replace net earnings (loss), or other measures of financial performance and liquidity reported in accordance with GAAP. For more information on non-GAAP measures, please see the Company's MD&A. (In thousands of CAD) June 28, March 29, June 29, For the quarter ended 2025 2025 2024(3 ) Net income (loss) from continuing operations $ (9,593 ) $ 920 $ (9,946 ) Adjustments: Finance costs, net 797 440 1,101 Income taxes (32 ) 51 (321 ) Depreciation and amortization 3,667 3,649 3,575 EBITDA (5,161 ) 5,060 (5,591 ) Gain on sale of assets — — (484 ) Adjusted EBITDA from continuing operations(1)(2) $ (5,161 ) $ 5,060 $ (6,075 ) 1Adjusted EBITDA is a Non‐GAAP measure and does not have standardized meaning under GAAP or IFRS. As a result, it may not be comparable to information presented by other companies. For an explanation and reconciliation of Adjusted EBITDA to related comparable financial information presented in the Financial Statements prepared in accordance with IFRS, refer to the Non-GAAP Measures section in the Company's MD&A. 2Non-GAAP Adjusted EBITDA before one-time duties recoveries for the second quarter and two quarters ended June 28, 2025 was negative $5.2 million and negative $0.1 million respectively, compared to negative $6.1 million and $0.2 million respectively, for the second quarter and two quarters ended June 29, 2024. 3Certain prior period amounts have been restated as a result of a change in presentation of the Company's Financial Statements for continuing and discontinued operations under IFRS. Please refer to Note 4 - Discontinued Operations, in the Company's Financial Statements for further information. Earnings Conference Call GreenFirst will host a conference call to review the Q2 2025 financial results on Wednesday, August 13, 2025 at 9:00am (Eastern). The live webcast of the earnings conference call can be accessed via web: and via phone: (+1) 416 764 8658 or (+1) 888 886 7786. A replay of the webcast and presentation slides will be available on GreenFirst's website following the conference call. About GreenFirst GreenFirst Forest Products is a forest-first business, focused on sustainable forest management and lumber production. The Company owns four sawmills located in rich wood baskets proudly operating over six million hectares of FSC® certified public Ontario forest lands (FSC®-C167905). The Company believes that responsible forest practices, coupled with the long-term green advantage of lumber, provide GreenFirst with significant cyclical and secular advantages in building products. Forward Looking Information Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact are forward-looking statements. Forward looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "potential", "believe", "intend", "estimate" or the negative of these terms and similar expressions. Forward-looking statements are based on certain assumptions and, while GreenFirst considers these assumptions to be reasonable, based on information currently available, they may prove to be incorrect. In addition, forward-looking statements necessarily involve known and unknown risks, including those set out in GreenFirst's public disclosure record filed under its profile on Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect our expectations as of the date hereof, and thus are subject to change thereafter. GreenFirst disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. For more information, please visit: or contact Investor Relations (416) 775 2821 View source version on Contacts Investor Relations (416) 775 2821 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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