
China's JD launches first international self-operated express delivery service
BEIJING, June 18 (Reuters) - JD Logistics (2618.HK), opens new tab announced on Wednesday the launch of JoyExpress in Saudi Arabia, marking the first time the logistics arm of Chinese e-commerce giant JD.com (9618.HK), opens new tab will operate its own consumer-focused express delivery service abroad.
Known for its self-built warehousing and delivery network in China, JD Logistics operates over 3,600 warehouses in its home country. JoyExpress extends this self-operated model overseas, and will offer delivery services as fast as same-day in Saudi Arabia, according to JD Logistics.
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Reuters
an hour ago
- Reuters
Russia's Novak discusses global oil market situation with OPEC secretary general, government says
MOSCOW, June 18 (Reuters) - Russian Deputy Prime Minister Alexander Novak has discussed the situation on the global oil market with OPEC Secretary General Haitham Al Ghais, the Russian government said in a statement on Wednesday. "The parties discussed the situation on the global oil market, in particular in connection with the escalation of the conflict in the Middle East, and cooperation between Russia and OPEC both bilaterally and within the framework of the OPEC+ agreement," the government said. Russia highly appreciates the effectiveness of cooperation within OPEC+, Novak said.


The Guardian
2 hours ago
- The Guardian
Israel-linked group hacks Iranian cryptocurrency exchange in $90m heist
An Israel-linked hacking group has claimed responsibility for a $90m (£67m) heist on an Iranian cryptocurrency exchange. The group known as Gonjeshke Darande in Farsi, or Predatory Sparrow, said on Wednesday it had hacked the Nobitex exchange a day after claiming it had destroyed data at Iran's state-owned Bank Sepah. Elliptic, a consultancy specialising in crypto-related crime, said it had so far identified more than $90m in cryptocurrency sent from Nobitex crypto wallets to hacker addresses. The hackers appear to have effectively 'burned' those funds, rendering them inaccessible by storing them in 'vanity addresses' for which they do not have the cryptographic keys, Elliptic said. Tom Robinson, Elliptic's co-founder, told the Guardian it would take current computer technology 'billions of years' to create the cryptographic key pairs that match the vanity addresses. The funds are being held in addresses containing some variation of the term 'F*ckIRGCterrorists'. In a post on X, Predatory Sparrow said it had targeted Nobitex and would release its source code and 'internal information'. Predatory Sparrow is regularly described in Israeli media as being Israel-linked, although there has been no official confirmation of the hackers' identity or their nationality. 'Although there is no confirmation yet that the funds were moved by Predatory Sparrow, the hack appears to be motivated by the recent escalation of tensions between Israel and Iran,' said Elliptic. Rafe Pilling, director of threat intelligence at cybersecurity firm Sophos, said there was no firm evidence linking Predatory Sparrow to a particular state – but it had the characteristics of a government-backed group. 'It bears all the hallmarks of a false-persona used by a government-sponsored threat group to conduct disruptive operations against targets linked to illicit Iranian revenue generation, logistical entities, transport infrastructure and other strategic sectors,' he said. Nobitex said on X it had experienced a 'security incident' and was 'actively working on implementing a secure and efficient recovery plan'. Predatory Sparrow claimed in a post on X that it had 'destroyed the data' of Bank Sepah and accused the bank of financing the Iranian military. Bank Sepah's international branch in London has been approached for comment. Meanwhile, companies tracking global internet activity have reported a near-total internet blackout in Iran, Cloudflare told the Guardian that traffic volumes are currently 98% below where they were at the same time last week. However, hackers do not appear to have been the cause of the shutoff. An Iranian government spokesperson, Fatemeh Mohajerani, said this week the internet had been slowed down to 'maintain the network's stability' and to ward of cybertattacks.

Finextra
2 hours ago
- Finextra
Airwallex receives asset management licence in Hong Kong
Airwallex, a leading global financial platform for modern businesses, today announced the highly anticipated full launch of Airwallex Yield in Hong Kong. 0 As the first global payments group to receive a licence from the Securities and Futures Commission of Hong Kong (SFC) to provide asset management services, Airwallex is empowering businesses to earn competitive returns up to 3.97%1 on their multi-currency balances - with no minimum lock-up period required. 'We're excited to announce the full launch of Airwallex Yield to businesses in Hong Kong,' said Arnold Chan, General Manager, Asia-Pacific, Airwallex. 'We've seen growing demand from businesses looking for more effective ways to maximise the value of their capital. In today's dynamic market environment, businesses are actively seeking ways to make their capital work harder. Airwallex Yield gives them a seamless and flexible way to earn returns on their balances, all from within the Airwallex platform. We're not just looking to help businesses make the most of their surplus balances - we also want to encourage them to bring new funds to Airwallex because of the value Yield provides.' By integrating Yield into the Airwallex platform, businesses can now streamline their financial operations by managing their working capital and surplus funds in one place. This strengthens Airwallex's end-to-end business account value proposition - from payments and treasury to investment - enabling companies to operate more efficiently while earning returns on idle funds. Airwallex Yield, a low risk-rated discretionary portfolio management service, aims to generate returns from exposure to highly-rated money market instruments provided by some of the world's leading investment firms. In Hong Kong, Airwallex has initially partnered with J.P. Morgan Asset Management, leveraging their expertise in managing investments in money market instruments. 'We have been supporting Airwallex in Australia since 2023 and we are delighted to expand that to Hong Kong. This will extend our multi-currency liquidity management capability to Airwallex's innovative platform, enhancing their financial capabilities,' said Kheng Leong Cheah, Head of Global Liquidity Sales, Asia Pacific, J.P. Morgan Asset Management. Key benefits of Airwallex Yield include: Opportunity to generate returns from leading money market instruments: Yield's strategy is to focus on high quality, short-duration investments. Earn on multiple currencies: Grow your multi-currency balances without the need to open multiple bank accounts. No lock-up periods: Businesses can move funds between their cash balance and Yield account anytime to meet their needs. This flexibility means businesses can consolidate more of their working capital within Airwallex and benefit from the ease of accessing high-liquidity returns directly from their business account. Airwallex Yield has been in beta for the past few months, offered to select Hong Kong businesses to optimise the experience ahead of this broader rollout. It currently has over US$85 million2 in funds under management. With today's full launch, all eligible Hong Kong businesses can now sign up for an Airwallex Yield account. Airwallex Yield is offered through Airwallex Capital Hong Kong Limited, which is licensed by the SFC (CE Number: BUL570) to carry out regulated activities including asset management. The launch builds on Airwallex's commitment to expanding its financial services offerings across the region. Businesses interested in signing up can visit to learn more. 1 3.97% is for USD as on 16 June 2025 2 As of 17 June 2025