Lenovo and Motorola announce partnership with FIFA Club World Cup 2025™
Motorola, a Lenovo brand, has been named Official FIFA Club World Cup 2025™ Smartphone Partner and will use the milestone in club football to promote the brand on a global scale, engaging with fans worldwide.The FIFA Club World Cup 2025™ takes place in the United States, starting June 14, marking the start of a bold new era of global club football.32 of the planet's most iconic teams, from across all six confederations, will play 63 matches across four weeks looking to be crowned club world champions.As an Official FIFA Club World Cup 2025™ Partner, Lenovo and Motorola will provide essential hardware, services, and smart solutions to FIFA and all 32 qualified teams participating in the reimagined tournament. This includes advanced AI PCs, tablets and workstations, plus Motorola smartphones. These tools will help support tournament operations, content capture and collaboration, and on-the-ground support throughout the competition.On-site marketing initiatives include Lenovo and Motorola-branded content running on field-level LED screens and stadium video board(s) before, during, and after each match. Exclusive content will also be captured pitch-side during some matches using Motorola's most innovative smartphones to date, the Motorola razr family 2025.'Motorola is proud to support this new global club football landmark with smarter technology,' said Sergio Buniac, President of Motorola. 'The FIFA Club World Cup 2025 represents an incredible opportunity to showcase not only the world's best football clubs, but also the transformative potential of innovation. Through our infrastructure, devices – from smartphones to Lenovo PCS & servers, and services, we'll help FIFA deliver a globally inclusive tournament for fans around the world.'FIFA Secretary General Mattias Grafström said: 'The inaugural FIFA Club World Cup will mark a new era in global club football – one that is inclusive, innovative and more connected than ever before. We're delighted to have Motorola and Lenovo joining us for this groundbreaking tournament. Their world-class technology and global perspective will help elevate the experience for fans, teams and other stakeholders.'
This partnership builds on Lenovo's heritage in powering the technology that has and continues to underpin many flagship global sporting properties and aligns with a mission to provide smarter technology for all, on and off the pitch.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Bawaba
3 hours ago
- Al Bawaba
Musk slams Trump's ‘big, beautiful bill' as ‘disgusting abomination'
ALBAWABA- Billionaire tech mogul Elon Musk has reignited tensions with former U.S. President Donald Trump by launching a scathing critique of the newly proposed tax and spending legislation, dubbing it a 'disgusting abomination' and a threat to America's fiscal health. In a series of posts on X (formerly Twitter), Musk tore into the Fiscal Year 2025 Congressional spending bill, hailed by Trump as 'one big, beautiful bill', warning it would balloon the U.S. budget deficit to $2.5 trillion and deepen unsustainable national debt. 'Congress is making America bankrupt,' Musk wrote, adding, 'I just can't stand it anymore.' I'm sorry, but I just can't stand it anymore. This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination. Shame on those who voted for it: you know you did wrong. You know it. — Elon Musk (@elonmusk) June 3, 2025 Musk's attack comes as Republican lawmakers continue to negotiate the $1.6 trillion bill, which extends Trump's 2017 tax cuts and includes fresh spending on defense and border security. Critics like Musk argue the bill is loaded with unnecessary 'pork-barrel' spending, funds directed toward specific regions or industries such as agriculture and pharmaceuticals, while slashing vital programs including Medicaid, food stamps, and clean energy tax credits. Despite internal GOP dissent, Trump has remained firm in backing the legislation. On his platform, Truth Social, he dismissed critics as 'grandstanders' and defended the bill's merits. 'So many false statements are being made about 'THE ONE, BIG, BEAUTIFUL BILL,'' Trump wrote. White House Press Secretary Karoline Leavitt acknowledged Musk's opposition but stated the administration's stance remains unchanged: 'The president already knows where Elon Musk stood on this bill. It doesn't change his opinion.' Meanwhile, Musk also used the moment to spotlight SpaceX's financial strength, announcing the company expects to generate $15.5 billion in revenue this year, surpassing NASA's projected budget for commercial space ventures. 'SpaceX will out-earn NASA's commercial division next year,' Musk declared, underlining his company's dominance in the private space industry.
Al Bawaba
11 hours ago
- Al Bawaba
How to manage FX exposure around the world?
Companies that operate in several countries often have to convert into different currencies, which exposes them to currency risks, which if not addressed properly can become a significant problem. Foreign exchange markets are dynamic and they are sensitive to global developments such as geopolitics, wars, trade wars, and many more which makes it difficult to predict which currency will gain the upper hand. This is why companies need to have specific knowledge of these risks and strategies to mitigate Forex exposure risks effectively. Let's briefly review the main methods to manage FX exposure and analyze the best-known cases when companies effectively manage those risks. FX exposure types Forex is a popular market where trillions of dollars are traded daily, making it important to understand its dynamics. Both investors and traders should know how to protect against FX risks to reduce the chances of losses. There are several types of Forex exposure such as transaction, translation, and economics. Transaction risks happen when companies enter into foreign currency payables or receivables and become exposed to exchange rate risk and losses. Corporations hedge these risks using forward contracts, futures, and swaps which allow them to lock in rates or invoices in their home currency to transfer risk. Translation exposure also known as accounting exposure is when financial statements of foreign subsidiaries are converted into the parent company's reporting currency. This can potentially cause reported asset and liability values to change because of exchange rate fluctuations. While it does not create a cash flow risk, it still presents challenges for companies. The economic exposure also referred to as operating exposure simply reflects the impact of these rate changes on the firm's future cash flows and ultimately competitive position. This type of exposure is more difficult to calculate as it has a long-term effect on market value. To mitigate operating risks, companies should employ hedging strategies, including hedges and options. How to manage FX risks - best practices Managing FX risks is an important aspect of operating multinational businesses. Companies usually have a board-approved FX policy which includes a list of authorized instruments, hedge ratios, and reporting standards. This makes risk management very structured and effective. Corporate hedging often includes senior management oversight and periodic policy reviews, to ensure both strategic objectives and regulatory requirements are met. Corporations typically have dedicated risk management teams that execute hedges, and set counterparty limits. Business units provide transactional forecasts and operational insights. How to identify and measure the exposure To execute hedge and other FX risk management strategies, companies first need to identify and measure the exact exposure type and forecast impact. Real-time data, scenario modeling, and value-at-risk metrics help companies identify and quantify exact exposures across currencies. Effective measurement is concluded using unified dashboards that offer the ability to get all needed information and run what-if scenarios, analyzing currency movement's impact on projected cash flows. Hedging strategies After defining the types of risk and possible amounts and currencies involved it is time to mitigate those risks using various well-tested strategies. There are several methods available to ensure currency risks are minimized on the company's cash flow and financial statements. Natural hedges Natural hedging tries to marry foreign revenue with local costs. Basically, it sources inputs in the same currency as sales which reduces the need for financial instruments. This can be a very effective technique to mitigate some of the FX exposure risks. Forward and futures contracts Forward and futures contracts are powerful instruments to hedge against foreign exchange rate risks. These contracts allow participants to lock in future rates of exchange between involved currencies. This can be super important when dealing with an uncertain future where the forecast is difficult. Using these instruments, companies can ensure that their cash flow is stable even in adverse market movements. Having access to locked rates for predetermined data provides certainty on transaction costs. Swaps Forex swaps exchange principal and interest payments in different currencies. This is super useful to manage short-term and long-term funding and exposure which is crucial for international companies. Options and structured products Options are also contracts that grant the right but not the obligation to transact at predetermined rates. They are similar to futures contracts but without obligations. By locking the rates, options offer effective downside protection with upside participation. In other words, it limits losses if the asset falls but still profits if it rises. Best operational practices Some companies have a centralized treasury which allows them to reduce transaction costs, and improve hedging consistency by netting positions internally. The decentralized model, on the other hand, offers local autonomy and quicker decision-making. Many companies employ a hybrid structure to get the benefits from both models. Managing large capital is not easy and many transnational companies have integrated treasury management systems (TMS) to automate deal capture, confirmation, accounting, and generate real-time analysis. These systems can reduce operational risks and provide efficiency, but companies still need to check and monitor their automated systems to eliminate bugs and other errors. Another practical method is to diversify banking and non-bank counterparties to limit concentration risks. By establishing credit lines and netting agreements, companies ensure counterparty exposure remains within the threshold that was approved by management. Case studies - Success stories to learn from There are many cases where companies that operate in many different countries employed FX exposure risk management effectively and avoided losses. Apple's treasury hedges most of its projected foreign-currency cash flows. It uses a blend of forward contracts and options to stabilize earnings and reduce financial risks of FX exposure. Airbus typically manages long-term hedge portfolios with a maturity of several yours, which helps it cover net USD sales. It also employs natural hedges to smooth profitability from large commercial aircraft contracts. In 2022, Coca-Cola HBC responded to the strong US dollar by calibrating its derivative positions. It shifted hedge notions and maturity profiles to mitigate currency risks and preserve a stable cash flow. Starbucks Corp. Starbucks has 'price-to-be-fixed' contracts and Forex forwards to mitigate currency volatility costs in coffee bean purchases. This enables it to have stable expenses despite commodity price surges. Starbucks is an interesting case, as it directly employs these contracts to lock in future price rates and ensure profitability even if the prices surge for beans.
Al Bawaba
17 hours ago
- Al Bawaba
Lenovo and Bellevue University Team Up to Offer Supply Chain and Logistics Education to Deliver 'Smarter Technology for All'
Lenovo, the global technology powerhouse, recognized in the top 10 in the Gartner Supply Chain Top 25, and Bellevue University, one of the nation's top online universities, are teaming up to develop the next generation of supply chain professionals.'We believe that bringing real-world Global Supply Chain experience and learning directly into an education curriculum is precisely the optimal way to upskill the workforce of the future,' said Ben Massie, Vice President, Global Supply Chain, Lenovo. 'Teaming up with Bellevue allows us to attract the right talent using the right technology and deliver on our mission to make 'smarter technology for all' a reality.'As a preferred higher education institution tapped to team up with Lenovo to offer supply chain short-term learning, Bellevue will leverage the breadth and depth of Lenovo's supply chain expertise across its diverse learner and corporate partner continued, 'With a network of over 30 manufacturing sites across nine markets, Lenovo's supply chain is one of our core strengths. By bringing our real-life case studies and insights into the curriculum, we aim to equip students with the skills to succeed in the complex and dynamic working environment. Partnering with Bellevue University, which has a strong track record of working with organizations, allows us to share our knowledge and together build the supply chain experts of the future."According to a 2024 McKinsey & Company report, a shortage of talent, particularly digital talent, continues to hinder companies' supply chain transformation efforts. Ninety percent of companies surveyed in the report said they lack sufficient talent to meet digitization individuals who enroll in the Supply Chain Operations & Project Management Certificate of Completion can gain sought-after skills through two three-credit hour courses – Management of Supply Chain Operations and Advanced Lean Six Sigma Green Belt. The master's-level courses can be taken concurrently, allowing learners to complete the certificate of completion in under eight months.'With a deep focus on employee growth planning, we're uniquely qualified to help adult learners and the employers we partner with upskill or reskill their supply chain workforce,' said Dr. Rich Lombardo, Executive Director of Bellevue University's Workforce Skills Academy. 'Working together, we can ensure that the next generation has the skills and knowledge needed to deal with the complexities that are ever-present in global supply chains.'Lenovo's global supply chain leadership provides a singular resource for students and professionals to understand how diversifying manufacturing operations and supply chain resources helps companies thrive during unpredictable periods—a proven, real-world arena for students to apply their education. Lenovo also deploys original AI solutions across its own operations, prioritizes sustainability, and pioneers essential, end-to-end cybersecurity offerings. Dr. Lombardo added that those who complete the Bellevue-Lenovo program will receive two digital badges, a certificate of completion, and six graduate-level credit hours transferable to a master's degree.
