Quote of the Day: The Global A.I. Divide
BRAD SMITH, Microsoft's president, speaking about a yawning gap that has opened among nations in the race to build artificial intelligence. Africa faces a particular challenge as many places do not have reliable electricity.
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40 minutes ago
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Quantum eMotion and Kold Kings Group Join Forces to Launch Quantum Cybersecurity Solutions in the Philippines
Montreal, Quebec and Manila, Philippines--(Newsfile Corp. - July 27, 2025) - Quantum eMotion Corp. (TSXV: QNC) (OTCQB: QNCCF) (FSE: 34Q0) ("QeM" or the "Company"), a Canadian leader in quantum-safe cybersecurity technologies, is proud to announce the signing of a strategic partnership with Kold Kings Group Inc. (KKG), a premier risk management and security technology provider headquartered in Metro Manila, Philippines. This collaboration aims to promote, integrate, and commercialize QeM's cutting-edge Sentry-Q™ quantum cybersecurity platform across critical infrastructure and security-conscious sectors throughout the Philippines. The agreement outlines a comprehensive collaboration between the two companies, including the initiation of a Pilot Project, the development of a Value-Added Reseller (VAR) and Licensing Agreement, and joint efforts to achieve regulatory approvals and market adoption. The partnership will also explore the integration of entropy-as-a-service (EaaS) into national defense frameworks and public sector systems, enabling the Philippines to take a leading role in quantum-resilient cybersecurity. KKG, the Kold Kings Group, is widely recognized across Asia for delivering innovative, integrated, and adaptive security solutions that span physical, digital, and social dimensions. With a unique ability to tailor services to each client's vision and culture, KKG combines international experience with deep local expertise to deliver high-quality, technologically advanced security solutions. "We see this partnership as a transformational opportunity to elevate cybersecurity resilience across the region," said Mr. Kirk Munro, CEO of Kold Kings Group. "By integrating QeM's quantum cybersecurity technology into our offerings, we are enabling a new level of trust, data protection, and digital sovereignty for government and enterprise clients alike. This aligns perfectly with our mission to deliver security services that are not only effective but deeply personalized to our clients' objectives." As the lead system integrator, KKG will oversee customer engagements, deployment strategies, and regulatory submissions in the Philippines, while Quantum eMotion will provide the Sentry-Q™ platform, ensure compliance with global standards (including ISO and FIPS certifications), and support roadmap and pricing strategy development. "We are excited to collaborate with a forward-thinking company like KKG," said Dr. Francis Bellido, CEO of Quantum eMotion. "Their extensive reach and reputation in Asia, combined with their deep understanding of risk management and client needs, make them an ideal partner for deploying Sentry-Q™. Together, we are introducing a robust solution that brings true quantum randomness and post-quantum protection to critical systems and networks." The partnership will be guided by a joint Steering Committee, comprised of senior representatives from both organizations, to oversee progress, review opportunities, and ensure alignment on technical and commercial goals. This MOU marks a major step in Quantum eMotion's international expansion and reinforces both companies' commitment to defending digital assets with the most advanced tools available in the quantum era. About Kold Kings Group Inc. Kold Kings Group (KKG) is a leading innovator in risk management and security technology solutions in Asia. Based in Metro Manila, KKG delivers high-quality, adaptive, and integrated security services across the region. Its unique value lies in tailoring each engagement to the client's culture and objectives-blending tactical expertise with advanced systems to meet modern security demands. Website at or contact: +639065263352 About Quantum eMotion Corp. The Company aims to address the growing demand for affordable hardware and software security for connected devices. QeM has become a pioneering force in classical and quantum cybersecurity solutions thanks to its patented Quantum Random Number Generator, a security solution that exploits the built-in unpredictability of quantum mechanics and promises to provide enhanced protection for high-value assets and critical systems. The Company intends to target highly valued Financial Services, Healthcare, Blockchain Applications, Cloud-Based IT Security Infrastructure, Classified Government Networks and Communication Systems, Secure Device Keying (IOT, Automotive, Consumer Electronics) and Quantum Cryptography. For further information, please visit our website at or contact: Francis Bellido, Chief Executive Officer Tel: 514.956.2525Email: info@ Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in the Corporation's periodic reports including the annual report or in the filings made by Quantum from time to time with securities regulatory authorities. To view the source version of this press release, please visit Sign in to access your portfolio
Yahoo
an hour ago
- Yahoo
This could be the most consequential week for the economy in years
The state of President Donald Trump's economy is about to come into full view. A slew of crucial economic data is set for release this week, including the jobs report, inflation, consumer confidence and corporate earnings. We'll get the first glimpse at America's second-quarter gross domestic product, the broadest measure of the economy. And, most crucially, the Federal Reserve will decide whether to cut rates or hold steady one more time. As if that weren't enough, Trump's trade polices also come due: Friday is the administration's self-imposed deadline for settling tariff rates for all 200+ US trading partners. Trump's top economic advisers will be negotiating a trade framework with China in Sweden. And an appeals court will hear arguments this week about whether the bulk of Trump's tariffs are even legal, to begin with. Altogether, the data could paint a picture of an economy that is resilient — but slowing under the weight of Trump's dizzying tariff changes, reductions in government workers and spending, and an aggressive deportation of foreign-born workers. Here's a look at what to expect this week and why the data matters: Corporate earnings Some of the biggest names in tech are set to release earnings this week, including Microsoft, Meta, Amazon and Apple. That will set the tone for market sentiment. Tech stocks have fueled record market growth in recent months as investors focus on gearing up for AI expansion. So far, around 80% of S&P 500 companies reporting earnings this season have beaten estimates, according to FactSet. Overall, stocks have marched higher into record territory recently, supported by cautious optimism in trade deals and better-than-expected economic data. That has emboldened Trump to push harder on his trade deals, telling NBC News earlier this month that markets hit new highs because 'tariffs have been very well received.' Why it matters: Strong earnings could continue to boost the stock market, which is starting to look a bit expensive for some investors. That could also convince Trump that the market — which turned on him in April — has acquiesced to his plan for higher tariffs. Consumer confidence and sentiment Two separate reads on the way Americans are feeling about the economy are set to be released this week. Consumer confidence, as measured by Conference Board, sank to the lowest level since the pandemic when Trump slapped massive tariffs on major trading partners. Shoppers expressed concern about the negative impact on the economy and prices. But consumers are generally more optimistic now that trade deals are beginning to emerge. The consumer sentiment survey from the University of Michigan continues to show that shoppers are wary of inflation levels rising again, after the economy batted down historic price increases following the pandemic. Although sentiment has rallied back from near-record lows earlier this year, it remains depressed because of Trump's trade policy. Why it matters: Economists pay close attention to consumers' optimism, since their spending powers two-thirds of the economy — and when shoppers think prices are about to rise, they tend to pull back. The latest retail sales data shows that consumers are spending cautiously. Second-quarter GDP GDP is a key indicator of economic success and, arguably, a validation of Trump's policies. But this quarterly assessment has slumped in recent months, even shrinking in the first quarter of the year for the first time since 2022. Economists expect an improvement for the April-June quarter as imports rebalance after companies raced to front-load their purchases ahead of Trump's tariffs. They warn that, just as an inventory spike may have artificially hurt GDP in the first quarter, companies working through their warehoused goods in the second quarter may make the economy look better than it actually is. Why it matters: The US economy is large and resilient, and it has continued to support hundreds of thousands new jobs each month for years. But if Americans are getting cold feet, things could take a turn for the worse. Fed decision Trump has repeatedly — and publicly — berated Fed Chair Jerome Powell for not lowering the bank's interest rate (their recent détente notwithstanding), but the central bank is overwhelmingly expected to hold rates steady Wednesday at the conclusion of its two-day monetary policy meeting. In an unusual kink, two governors are expected to vote against the consensus of the board, which hasn't happened in three decades. With the job market still relatively strong, most Fed officials have said the economy can withstand higher rates for the time being. Meanwhile, they want to wait to see how Trump's policies of high tariffs and deportation of foreign workers impact inflation and the labor market. Why it matters: The bank is widely expected to start cutting its key overnight lending rate in September — a good sign for Americans hoping to borrow money, and especially for first-time homebuyers, who have been effectively locked out of the market with mortgage rates close to 7%. Inflation The Fed's favorite inflation gauge, the Personal Consumption Expenditures index, has been creeping higher — moving further away from its 2% goal in recent months. That's just one factor behind the central bank's position on rate cuts. Why it matters: Shoppers have been pulling forward purchases, including back-to-school items, to mitigate expected higher prices, but the July data will likely still bear the fingerprints of Trump's tumultuous trade policy: Items like furniture and toys are starting to reflect elevated costs as pre-tariff inventory is depleted. Trade deadline Trump's pause on the hefty and unpopular tariffs he rolled out in April expires on August 1. In the intervening period, the White House has scrambled to make deals with a slew of partners, announcing preliminary arrangements with the UK, China, Vietnam, Indonesia, the Philippines and Japan. And on Sunday, Trump announced a framework for an EU deal. As the final deadline approaches, Trump said Friday he would be sending out letters to roughly 200 countries this week unilaterally setting a range of tariff rates. 'It's basically going to say, you're going to pay 10%, you're going to pay 15%, you're going to pay maybe less, I don't know,' Trump told reporters before he left for a trip to Scotland. US markets are 'very, very fixated' on the levels that are set, and an effective tariff rate beyond 20% on major trading partners could trigger a downturn on Wall Street, one analyst told CNN. Why it matters: Trump's tariffs that are currently in effect have raised the effective US tariff rate — the average tax that US importers pay on foreign goods — from around 2% to 18%, the highest since 1934, economists at Yale's Budget Lab said in a recent report. That works out to $2,400 a year in added costs for the average American household. The US economy and markets have been able to withstand that so far. A considerably higher tariff rate could put that to the test. Trade negotiations Talks with China are ongoing, however. Treasury Secretary Scott Bessent is set to meet Monday and Tuesday with Chinese officials to iron out the details of the framework the two countries agreed upon at their London and Geneva meetings. Trump in April slapped a 145% tariff on imports from China, prompting Beijing to respond with a 125% tariff on imports from the United States. That effectively created a total embargo between the world's two largest economies before they agreed on a pause until August 12. Meanwhile, on Thursday, the US Court of Appeals will hear oral arguments about whether Trump can use his emergency powers to levy tariffs after a lower court ruled he had exceeded his authority in doing so. Why it matters: One of the Trump administration's goals is to shift China towards a more consumer-driven domestic economy, thereby reducing global oversupply of its manufactured goods. While it's unlikely that the United States will dramatically reshape Chinese President Xi Jinping's economic policy, small changes could open some of China's market to US manufacturers, while helping to increase American factory jobs. Jobs report Trump has promised a 'Made in America' revival, but the July jobs report is expected to show that average monthly employment gains have dropped to a level not seen since 2010 (excluding the pandemic-era losses). The labor force has shrunk in recent months, a potential indication of how anti-immigrant rhetoric and mass deportations are weighing on employment. In addition, the most recent report showed that the manufacturing sector lost jobs for the second-straight month — a murky development for one of Trump's benchmark economic priorities. Why it matters: America's labor market has been its strong suit for years, routinely defying expectations since the pandemic. But it's showing cracks. Americans who lose their job are now staying unemployed for longer as businesses stall on making decisions, including hiring, as the trade war continues to raise costs.
Yahoo
an hour ago
- Yahoo
Oracle, Bloom Energy Have Deal to Power Data Centers
California-based power solutions provider Bloom Energy said it will deploy its fuel cell technology at select Oracle Cloud Infrastructure (OCI) data centers in the U.S. The company on July 24 said it will deliver on-site power for an entire data center within 90 days. 'We continue to see strong global demand for OCI services across our entire data center portfolio including our large gigawatt AI [artificial intelligence] data centers,' said Mahesh Thiagarajan, executive vice president for Oracle Cloud Infrastructure. 'Customers expect to run their AI workloads and new AI applications at peak performance. Bloom's fuel cell technology will join OCI's extensive energy portfolio, further supporting our cutting-edge AI infrastructure with reliable, clean power that can be quickly deployed and easily scaled.' POWER is at the forefront of coverage for data centers, particularly related to how technology companies will source the power needed to operate their artificial intelligence ventures. Read our POWER Primer, "," and register today to attend our inaugural event, scheduled Oct. 28 in Denver, Colorado 'Oracle Cloud Infrastructure requires power solutions engineered to meet the performance and reliability demands of today's most advanced AI and compute workloads,' said Aman Joshi, chief commercial officer of Bloom Energy. 'This significant collaboration provides Oracle with ultra-reliable, clean, and cost-efficient power that supports its growth strategy with the speed and certainty it needs.' Bloom's systems also deliver clean power with virtually no air pollution and no water use, contributing to Oracle's use of sustainable energy sources to power Oracle Cloud. Bloom Energy's energy solutions power the world's most critical digital infrastructure, following agreements with Equinix, American Electric Power (AEP), and Quanta Computing. To date, Bloom Energy has deployed more than 400 MW to power data centers worldwide. —POWER edited this content, which was contributed by . Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
