
0xmd Partners with SENAI CIMATEC to Launch Operations in Brazil
HONG KONG SAR - Media OutReach Newswire - 12 May 2025 - 0xmd, a global startup specializing in Generative Artificial Intelligence for healthcare, has entered into a strategic partnership with SENAI CIMATEC, one of Brazil's leading technology and innovation institutions. This agreement marks the beginning of 0xmd's operations in Brazil, expanding the company's presence in the Latin American market.
The collaboration will see 0xmd bring its cutting-edge AI technologies to Brazil, including solutions for automated clinical exam analysis, medical image interpretation, and conversational diagnostic support. This partnership positions 0xmd as the first international healthtech to integrate with CIMATEC's innovation ecosystem.
With existing operations in the United States and China, 0xmd aims to contribute to the democratization of healthcare access in Brazil by providing intelligent tools that support medical professionals in diagnosis, treatment planning, and personalized care. A key differentiator of 0xmd's technology is its use of medical and healthcare large language models with natural language interfaces, such as clinical chatbots, that facilitate seamless interaction between healthcare providers and decision-support systems.
'Partnering with SENAI CIMATEC enables 0xmd to localize its solutions for the Brazilian market and scale its impact in the region,' said Allen Au, Chairman & Chief Architect of 0xmd. 'SENAI CIMATEC's strong reputation in innovation and research makes it an ideal partner to help us navigate the Brazilian healthcare landscape and ensure the successful integration of our technology.'
The initial phase of the project will focus on adapting 0xmd's technology to Brazilian regulations and integrating with local healthcare systems. The partnership also aligns with the growing demand for AI solutions in the healthcare industry, particularly in areas such as image-based diagnostics, clinical report automation, and personalized therapies.
The partnership with SENAI CIMATEC reinforces 0xmd's commitment to expanding its global impact and driving innovation in healthcare.
Hashtag: #0xmd
The issuer is solely responsible for the content of this announcement.

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The Star
12 hours ago
- The Star
Is China's promise of a new world order a self-serving power play?
As China has found itself in the midst of a rapidly escalating trade war with the United States after President Donald Trump launched global tariff measures, Beijing launched a sweeping outreach strategy intended to strengthen ties with Russian and Southeast Asian trade partners while also welcoming Latin American and European stakeholders. The multifront diplomatic charm offensive has had at its core one clear message: a shift to a multipolar world is accelerating, and Beijing is ready to work with partners to defend the 'rules-based, UN-centred' international system that has underpinned economic globalisation since World War II. Beijing's message holds that the post-war order, once symbolised by multilateral cooperation, is now being challenged by Washington's retreat under the banner of 'America first'. Observers have watched as China has amplified this theme to court Europe and the Global South, framing itself as a defender of multilateralism and a responsible stakeholder in the post-war system in contrast to what Washington now offers. But the analysts have also cautioned that divergent world views and competing national interests – as well as the strategic calculations of countries seeking to balance or benefit from US-China tensions – could undercut Beijing's vision of a multipolar world. China has used its membership in diplomatic platforms, such as the United Nations and the World Trade Organization, to highlight its World War II sacrifices and contributions to the post-war international order. During a visit to Moscow last month, Chinese President Xi Jinping told his Russian counterpart Vladimir Putin that both sides should work together to defend their second world war legacies, as well as the rights of developing nations to pursue an 'equal and orderly' multipolar world. Victor Gao, vice-president of the Centre for China and Globalisation, said Beijing has been reminding the world of the origins of the post-war international system. 'The international order established in 1945 was not unilateral from the outset – it was built on multilateralism, centred around the United Nations,' he said. 'The US launch of a global tariff war ... deprives other countries' rights to development, which China opposes.' Since Xi came to power, China has advanced its vision of a multipolar world order through initiatives such as the Global Development Initiative (GDI), the Global Security Initiative, and the Global Civilisation Initiative – all aimed at providing an alternative to the Western development model. The Belt and Road Initiative has been central to these initiatives to empower developing economies, alongside the expansion of Global South-focused blocs such as Brics. At the China-Community of Latin American and Caribbean States (Celac) Forumlast month, Xi highlighted a 'shared identity' with the region, calling for 'independent development paths' and joint efforts to promote multipolarity and reform global governance. In a separate meeting with African diplomats, Foreign Minister Wang Yi invoked a 'common destiny' shaped by historical injustice. Similar themes were echoed during Xi's April visit to Southeast Asia, seen as a 'back door' for China's exports to circumvent trade restrictions from Washington, where he has prioritised neighbourhood diplomacy and supply chain resilience in response to US tariffs. Gedaliah Afterman, a Chinese foreign policy specialist at Israel's Reichman University, described Chinese advocacy for a multipolar world order as both 'ideological and strategic.' 'This narrative resonates across the Global South, where China positions itself as a champion of 'pluralism' and 'win-win cooperation',' he said. 'However, China's embrace of multipolarity is selective and self-serving. While it publicly promotes a world of diverse centres of power, in practice it seeks to structure this order in ways that amplify its own influence.' Through its trillion-dollar Belt and Road Initiative, China is expanding its footprint across developing regions, including Latin America, Africa, Southeast Asia and the Middle East. The areas have become key destinations for Beijing to diversify its exports and supply chains, while also offering access to critical minerals amid US export controls. Gustavo de Carvalho, a senior researcher on African governance and diplomacy at the South African Institute of International Affairs, said Latin American and African countries embrace China's multipolar vision where it provides 'tangible benefits', such as technology transfers, industrial upgrades and 'institutional alternatives'. Latin American and African countries including Brazil and South Africa – both Brics members – have often backed China's push to reform global governance in favour of Global South interests. But 'rather than endorsing any particular power's vision of world order', these countries have hedged their ties with the US and Europe alongside China amid the US-China rivalry, de Carvalho said. He cited African nations ramping up lithium and battery production to serve both Chinese and Western markets, and Latin American countries pursuing trade deals with the European Union while deepening their economic ties with Beijing. 'This represents calculated hedging rather than ideological conversion,' de Carvalho said. Similar hedging strategies have also been adopted by Middle Eastern countries, as they position themselves to benefit from a future multipolar structure, Afterman said. 'China has found receptive ground for its multipolar vision in the Middle East, especially among states seeking greater strategic autonomy from Washington,' he said. 'For Gulf monarchies and other regional actors, multipolarity is not about endorsing a new global order but about expanding strategic space. These countries seek to balance between the US, China, Russia and others to advance their national interests.' '[But] divergences become clear when China's vision intersects with contested regional dynamics or entrenched security architectures ... China's growing economic role is evident, but whether it has the will or capacity to assume a meaningful political or security role in the region remains an open question.' Many Middle Eastern nations have long been reliant on US security guarantees, and the region has returned to the forefront of Trump's 'America first' strategy. His recent visit to the region secured billions of dollars in AI-related investments – an arena of intense competition between Washington and Beijing. At last week's China-Asean Gulf Cooperation Council forum in Malaysia, Chinese Premier Li Qiang pledged to deepen regional economic integration, aiming to build a market where investment, technology and talent move freely. While many Southeast Asian nations have been open to China's call for a multipolar world, they have also been assessing whether Beijing was 'fully living up to' the ideals it has been pitching, especially when it comes to its approach on the South China Sea, according to Dylan Loh, a Chinese foreign policy specialist at Nanyang Technological University in Singapore. 'While [China] speaks of an equitable, multipolar and just world, [Southeast Asian] states are also assessing if this is the case. Its actions in the South China Sea, for instance, are seen by some as not fully aligning with some of the principles it espouses,' he said. Long-standing sovereignty disputes over the resource-rich region have strained China's relations with several Asean members. The contested waterway has also increasingly become a flashpoint for military tensions between China and US allies. Shi Yinhong, an international relations professor at Renmin University, said multipolarisation may offer smaller nations greater room to manoeuvre but also more pressure to choose sides. It remained doubtful that Trump's 'isolationism' would provide more room for China to increase its influence in the developing world, he added, noting that issues such as the South China Sea, Iran and Russia's war in Ukraine would continue to strain China's relations with Europe and the Global South. 'Apart from some limited and somewhat empty diplomatic gains, China's financial resources will be further squeezed, especially with that consumptive overseas involvement, if the Belt and Road Initiative has not been implemented effectively.' China has begun pivoting its belt and road spending toward more financially sustainable projects in green energy and hi-tech sectors as it continues to face economic headwinds. Many economists have predicted that sustained US tariffs would further slow its economy. Jo Inge Bekkevold, a Senior China Fellow at the Norwegian Institute for Defence Studies, said China's push for multipolarity has gained a lot of traction in the Global South, but less so in Europe. China has long seen the EU as a key pole in a multipolar world, urging Brussels to maintain 'strategic autonomy' as the bloc has aligned with Washington to counter Beijing's influence. EU-China relations have shown signs of thaw as transatlantic ties have been strained over Trump's tariffs and Ukraine policies. In a recent exchange of notes with European Commission President Ursula von der Leyen and European Council President Antonio Costa to mark 50 years of diplomatic ties, Xi called the EU a 'major force' in building a multipolar world alongside China. Bekkevold said Europe had not fully agreed with 'America's threat assessment of China' due to geographic distance, which has also allowed it more room to hedge and sustain economic ties with Beijing. At a May forum hosted by the EU delegation to China, European experts also pointed out that while Brussels and Beijing shared an interest in preserving UN-based multilateralism, their strategies and interpretations of it differed. When asked about possible EU cooperation with Brics, Justyna Szczudlik, deputy head of research and coordinator of the Asia-Pacific Programme at the Polish Institute of International Affairs, said Brics was 'China-led multilateralism', adding that the bloc had its 'own agenda' with the Global South. The EU has also diversified its global partnerships, recently signing a major trade agreement with the South American trade bloc Mercosur and pursuing a deal with India by year's end. According to Amit Ranjan, a China-India relations expert at the National University of Singapore, India saw multipolarisation as a way to gain influence in global governance. 'India also projects itself as an important player in world politics and world diplomacy. Therefore, India always calls for reformed multilateralism, because in the current multilateral structure, especially like the UN, it does not have a suitable space for New Delhi,' he said. Ranjan pointed to the UN Security Council, where India's bid for permanent membership has been blocked by China, which has been reluctant to share its status as the sole Asian permanent member amid concerns it could dilute Beijing's influence. Ranjan added that, like China, India has also considered itself a leader for the Global South and has been engaging with state players. Since 2023, India has hosted the annual Voice of Global South Summit with more than 100 nations taking part. It has long pushed back against China's dominance in Brics and the Shanghai Cooperation Organisation and has refused to endorse the Belt and Road Initiative. Additional reporting by Dewey Sim - SOUTH CHINA MORNING POST


Malaysian Reserve
a day ago
- Malaysian Reserve
GOL Emerges from United States Chapter 11 Process as a Stronger, More Competitive Airline
SíO PAULO, June 6, 2025 /PRNewswire/ — GOL Linhas Aéreas Inteligentes S.A. (B3: GOLL4) ('Company' or 'GOL'), a leading Brazilian airline, hereby announces that it has successfully completed the financial restructuring of the Company and its subsidiaries in accordance with the Chapter 11 of the U.S. Bankruptcy Code, and has emerged from the process overseen by the United States Bankruptcy Court for the Southern District of New York. 'Over its more than 20 years of history, GOL —Latin America's original low-cost carrier— has transformed the Latin American airline market. With our financial restructuring process now complete, we are ready to continue driving forward on our purpose of 'Being First for All,' said Celso Ferrer, Chief Executive Officer. 'Today, we are significantly stronger. We have rationalized our fleet, optimized our costs, redesigned our network, enhanced our operational focus, and driven management efficiencies which —supported by solid customer preference, robust demand, and a five-year plan that will bring more investments in customer experience as well as new routes— will allow us to continue to drive success. We look forward to capitalizing on the opportunities we see ahead for GOL.' 'Thanks to the hard work of hundreds of people, we have achieved what we set out to accomplish when we first entered this process last year,' Mr. Ferrer continued. 'I thank our employees, customers, lessors and financial stakeholders —especially Abra, our largest shareholder— for their support throughout this process, which has been instrumental in helping us succeed.' As GOL enters its next phase, the Company is well-positioned to continue expanding its position as a leading airline serving Latin America, built on its: Strengthened financial position: Having secured US$ 1.9 billion in exit financing during the court-supervised process and repaying its DIP maturity in full, GOL is now moving forward with a strong liquidity position of approximately US$ 900M, significantly reduced leverage of 5.4x, and projected net leverage below 3x by year-end 2027. With a meaningfully strengthened balance sheet, GOL is well-positioned to invest in continued enhancements to the customer experience and further network expansion. Leading loyalty program: Smiles, GOL's loyalty platform, celebrated 30 years of a solid journey in 2024. The business unit reached 24 million customers and achieved the highest revenue in its history, totaling 5.3 billion reais. Strong market position and best-in-class On-Time Performance: In 2024, GOL was the most on-time airline in Brazil and served 30 million passengers across 65 domestic destinations and 16 international destinations. Growing network supported by strong global partnerships: GOL is well-positioned to deploy its rebuilt capacity both domestically and internationally by leveraging its significant presence in key Brazilian hubs. In particular, its strategic global partnerships allow for adding new service profitably to new or underserved domestic and international routes. Abra support: The renewed commitment of Abra Group, one of the leading airline groups in Latin America -with investments in Avianca, GOL, and Wamos- provides significant know-how, financial support, and operational and financial synergies. Cooperation with other Abra airlines will allow GOL to provide customers with enhanced connectivity, new and innovative product offerings, and increased frequent flyer program opportunities and benefits. Logistics Operation: GOLLOG – GOL's logistics unit and market share leader with a 36% share – surpassed, for the first time in its history, R$ 1 billion in annual revenue, achieving a 32% growth compared to 2023. Overhauled, all-Boeing 737 fleet: In 2024, GOL overhauled over 50 engines and remains on track to have all aircraft in the air by the first quarter of 2026. The Company also continues to grow its capacity, with delivery of five Boeing 737 MAX expected in 2025. Pursuant to the powers delegated to the Company's Board of Directors by the Extraordinary General Meeting of Shareholders held on May 30, 2025 ('General Meeting'), in connection with the Company's capital increase through the capitalization of credits approved by the General Meeting ('Capitalization'), the Board of Directors, at a meeting held on the date hereof, verified the amount of such credits in local currency and determined that the Capitalization amounts to BRL 12,029,337,733.91, comprising the issuance by the Company of 8,193,921,300,487 common shares and 968,821,806,468 preferred shares. In accordance with the Law No. 6,404, of December 15, 1976 ('Brazilian Corporations Law'), the Company's shareholders are entitled to preemptive rights in the subscription of shares under the Capitalization, pursuant to Article 171, paragraph 2, of Brazilian Corporations Law ('Preemptive Rights'). Further information on the Capitalization, including the terms, procedures and conditions for the exercise of Preemptive Rights by the Company's shareholders, is disclosed and available in the notice to shareholders disclosed by the Company on the date hereof, in compliance with applicable laws and regulations. As a result of the Capitalization, Abra Group Limited controls the Company and now holds, directly or indirectly, approximately 80% of GOL's common and preferred stock (subject to variation that may result from the exercise of Preemptive Rights by other shareholders, if applicable). Due to the implementation of the Preemptive Rights, under the terms and conditions of the Capitalization, as of June 12, 2025, the Company's shares will, in addition to being traded 'ex-Preemptive Rights', also be traded on the Brazilian Stock Exchange ('B3') under a new quotation factor (BRL per 1,000 shares), a new standard trading lot (1,000 shares), new tickers, and new ISIN codes, as detailed below: GOLL53 – Common Shares | ISIN: BRGOLLA01OR8 GOLL54 – Preferred Shares | ISIN: BRGOLLA01PR5 The current tickers GOLL3 and GOLL4 will be automatically converted into GOLL53 and GOLL54, respectively, both adopting a quotation factor and standard trading lot of 1,000 shares. The trading with the Preemptive Rights on B3, which will begin on June 12, 2025, will also follow a standard trading lot of 1,000 rights, with the quotation factor being BRL per lot of 1,000 rights. The Company's subscription warrants, which trade under on B3 the ticker GOLL13, will be automatically converted into GOLL80 (ISIN BRGOLLN04PR2) starting June 12, 2025. Such warrants will then be traded in lots of 1,000, with a quotation factor of R$ per lot of 1,000 warrants. The terms and conditions for exercising the subscription warrants remain applicable as established in the Board of Directors' meeting that approved the respective issuance. GOLL53 – Common Shares | ISIN: BRGOLLA01OR8 GOLL54 – Preferred Shares | ISIN: BRGOLLA01PR5 In addition, the Board of Directors approved, on the date hereof, the dissolution of the Company's Special Independent Committee, deeming that its duties have been fully fulfilled. The Company also notes that, on the date hereof, Mr. Ricardo Constantino and Mr. Paul Stewart Aronzon resigned from their position in the Company's Board of Directors, and Mr. Manuel José Irarrázaval Aldunate was appointed as member of the Board of Directors. Due to the resignation of Mr. Ricardo Constantino, Mr. Antonio Kandir was appointed as the new Vice President of the Board of Directors. Advisors In the context of its restructuring efforts, GOL worked with Milbank LLP as legal advisor, Seabury Securities, LLC as investment banker, lead placement agent for the US$ 1.9 billion exit notes, and financial advisor, BNP Paribas Securities Corp. as bookrunner (B&D) and placement agent for the exit notes, and AlixPartners, LLP as financial advisor. In addition, Lefosse Advogados acted as GOL's Brazilian legal advisor. Abra worked with Wachtell, Lipton, Rosen & Katz as legal counsel and Rothschild & Co as financial advisor in connection with the restructuring. In addition, Pinheiro Guimarães served as Abra's Brazilian counsel and Slaughter & May as Abra's English counsel. Special note regarding forward-looking statements This material fact contains certain forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. The words 'will,' 'maintain', 'plans' and 'intends' and similar expressions, as they relate to GOL, are intended to identify forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations. Undue reliance should not be placed on such statements. Forward-looking statements speak only for the date they are made. About GOL Linhas Aéreas Inteligentes S.A. GOL is one of Brazil's leading airlines and is part of the Abra Group. Since it was founded in 2001, the company has had the lowest unit cost in Latin America, democratizing air transport with the aim of 'Being the First for All'. GOL has alliances with American Airlines and Air France-KLM and offers customers more than 60 codeshare and interline agreements, making connections to any place served by these partnerships more convenient and easier. GOL also has the Smiles loyalty program and GOLLOG for cargo transportation, which serves various regions in Brazil and abroad. The company has 14,5 thousand highly qualified professionals focused on safety, GOL's number one value, and operates a standardized fleet of 139 Boeing 737 aircraft. The Company's shares are traded on B3 (GOLL4). For further information, visit About Abra Group Abra, a UK-based company, is one of the most competitive air transport groups in Latin America. It brings together the iconic Gol and Avianca brands under a single leadership and a strategic investment in Wamos Air, anchoring an airline network that has one of the lowest unit costs in its respective markets, leading loyalty programs across the region (LifeMiles and Smiles) and other synergistic businesses. In addition, Abra has a convertible debt representing a minority stake investment in Sky Airline Chile. The Group consolidates a team of around 30,000 highly qualified aviation professionals and a fleet of more than 300 aircraft, with scheduled flights serving 25 countries and more than 150 destinations. Gol is one of Brazil's leading airlines, operating a standardized fleet of 138 Boeing 737 aircraft and employing 13,900 highly qualified professionals. Avianca, the second oldest airline in the world, operates more than 140 A320 and B787 passenger aircraft, as well as 7 cargo aircraft, and has more than 14,000 employees. Finally, Wamos Air is Europe's leader in wide-body ACMI operations, operating 13 A330 passenger aircraft. For more information, visit GOL Media Contacts U.S. Joele Frank, Wilkinson Brimmer Katcher: Leigh Parrish / Jed Repko lparrish@ / jrepko@ South America In Press Porter Novelli gol@ GOL Investor Relations ir@


The Star
2 days ago
- The Star
MercadoLibre expands free shipping in top market Brazil amid rising competition
FILE PHOTO: An employee of e-commerce MercadoLibre works at the company's offices in Buenos Aires, Argentina September 6, 2024. REUTERS/Agustin Marcarian/ File Photo SAO PAULO (Reuters) -Latin American e-commerce giant MercadoLibre is expanding free shipping in its main market Brazil, it said on Friday, a move expected to be costly but which the company hopes will drive sales higher amid fierce competition. MercadoLibre, Latin's America most valuable company by market cap, earns more than 50% of its e-commerce revenues in Brazil, where it competes with Amazon and Sea's Shopee, and more recently with players like Temu. MercadoLibre said sales of 19 reais ($3.40) or more are now exempt from shipping fees in Brazil, from a minimum of 79 reais ($14.15) previously. "Practically the entire site will have free shipping from now on," the head of MercadoLibre's e-commerce operations in Brazil, Fernando Yunes, told journalists. He said the financial impact will be absorbed by the company, although he did not give an estimate on the scale of the costs of the expanded free shipping. MercadoLibre confirmed it has been cutting shipping costs for the companies and people selling on its platform in Brazil by up to 40% since late May, a move that had been noted by analysts. "The increased shipping discount targets a price range of products close to where Shopee seems to be gaining traction," analysts at Itau BBA said in a May 22 report to clients. ($1 = 5.5845 reais) (Reporting by Patricia Vilas Boas; Writing by Andre Romani; Editing by Leslie Adler)