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Bloomberg Daybreak: Europe 06/16/2025

Bloomberg Daybreak: Europe 06/16/2025

Bloomberg16-06-2025
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. Today's guests: Cameron Khansarinia, National Union For Democracy In Iran, Vice President; Pilar Gomez-Bravo, MFX Investment Management, Co-CIO of Fixed Income; Vishal Marria, Quantexa, CEO and Founder (Source: Bloomberg)
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MarcoPolo700 names Dr Arash Torabi as Fundraising Co-Chair & Mr Kam Fai Tai as School Recruitment & Mentoring Co-Chair
MarcoPolo700 names Dr Arash Torabi as Fundraising Co-Chair & Mr Kam Fai Tai as School Recruitment & Mentoring Co-Chair

Associated Press

time16 minutes ago

  • Associated Press

MarcoPolo700 names Dr Arash Torabi as Fundraising Co-Chair & Mr Kam Fai Tai as School Recruitment & Mentoring Co-Chair

The MarcoPolo700 Foundation today announced two appointments to accelerate delivery of its AI Digital Art Youth Competition 2026 LONDON, UNITED KINGDOM, August 18, 2025 / / -- The MarcoPolo700 Foundation today announced two appointments to accelerate delivery of its AI Digital Art Youth Competition 2026: Dr Arash Torabi has been named Co-Chair of the Fundraising Committee, and Mr Kam Fai Tai will lead global schools recruitment as the Co-Chair of School Recruitment & Mentoring. The international programme connects secondary-school pupils aged 14–18 across multiple Silk Road countries, blending culture and technology in a dedicated metaverse studio. Built for inclusivity and ease of participation, the initiative provides participating schools with access to a unified AI platform (via that connects leading East- and West-based AI tools, plus monthly tutoring and a Young Ambassadors scheme to support teachers and pupils. 'I chose to volunteer with MarcoPolo700 because I've seen, as a doctor, how opportunity can change a young person's life,' said Dr Arash Torabi, Co-Chair of the Fundraising Committee. 'Sponsor support directly translates into more schools onboarded, equitable access to AI tools and mentoring, and a global stage where students from East and West create and learn together. If your organisation believes in youth skills, cultural exchange and practical impact, we'd love to partner with you.' Born in historic Shiraz, Dr Arash Torabi graduated cum laude from Semmelweis University, practised medicine in Sweden, and later founded a London-based multinational property-management firm. He now leverages that entrepreneurial network to engage Middle Eastern, UK and Turkish sponsors, with in-person meetings this autumn and Asia visits planned, advancing the foundation's East–West educational and artistic mission. Mr Kam Fai Tai, born in Macau - a historic gateway where figures such as Matteo Ricci and Gregorio Gonzales paused before travelling on to Guangzhou and then Beijing during the Ming and Qing dynasties - 'I'm proud to join and support MarcoPolo700's mission to promote East–West cultural exchange and diversity. I'm joining MarcoPolo700 to make participation simple and inspiring for every school we reach,' said Mr Kam Fai Tai, Co-Chair of School Recruitment & Mentoring. 'We're recruiting a balanced mix of schools and providing teacher toolkits, monthly support, and a single, secure platform so pupils can create confidently with AI.' Mr Tai is a graduate of Tsinghua University, he holds a Master of Architecture from the University of Sheffield and a master's in Major Programme Management from Saïd Business School, University of Oxford. He has led sustainable, award-winning projects across the UK, Europe and Asia, including Heathrow Terminal 3 Extension, Shanghai Regional Art Gallery in China, and the Majaswadi development in Mumbai. His work has earned London Design Awards and Asia Pacific Property Awards recognition and has been shown at the Venice Architecture Biennale. John Orchard, Lead Trustee and Chair of Digital Monetary Institute of OMFIF, London UK, said: 'We're delighted to welcome Dr Arash Torabi as Co-Chair of Fundraising and Mr Kam Fai Tai as Co-Chair of School Recruitment & Mentoring. Both have already made impressive progress building their committees. Their leadership will help us bring more schools across the Silk Road into the 2026 AI Digital Art Youth Competition, advancing Marco Polo's legacy of open exchange, free trade and respect for cultural diversity.' The Foundation's mission, to bridge East and West through art, education and innovation, has been highlighted at the UNESCO World Conference on Culture and Arts Education and is anchored by its status as a UK-registered charity. Schools and sponsors interested in participating or supporting the 2026 competition are encouraged to get in touch. About MarcoPolo700 Foundation MarcoPolo700 Foundation is a UK charity dedicated to cultural exchange between East and West through education, art and innovation. Its annual AI-powered digital art programme enables secondary-school students to collaborate and exhibit work inside a metaverse studio, supported by global technology and cultural partners. For more information about the MarcoPolo700 Foundation, please visit or contact: [email protected] Karen Wu MaroPolo700 Foundation Limited email us here Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

Goldman Sachs keeps buy on USL with Rs 1,575 target, says long-term tailwinds intact
Goldman Sachs keeps buy on USL with Rs 1,575 target, says long-term tailwinds intact

Business Upturn

time4 hours ago

  • Business Upturn

Goldman Sachs keeps buy on USL with Rs 1,575 target, says long-term tailwinds intact

By Markets Desk Published on August 18, 2025, 08:22 IST Goldman Sachs has maintained its buy call on United Spirits Limited (USL) with a target price of ₹1,575 after the company delivered a first-quarter performance ahead of topline estimates. The brokerage noted that volume growth was muted when adjusted for the impact of Andhra Pradesh, but said the overall showing was encouraging given the operating environment. Goldman Sachs expects structural benefits from the UK-India free trade agreement to begin accruing from the first quarter of FY27, potentially providing tailwinds for both growth and margins. It has, however, trimmed FY26–28 earnings per share estimates by 2–4% to reflect near-term pressures. Despite the cut, the brokerage remains constructive on USL's medium-term outlook, citing strong premiumisation trends and the company's ability to expand margins through disciplined cost control. Disclaimer: The views and recommendations made in this article are those of Goldman Sachs. This article does not constitute investment advice. Investors should consult their financial advisors before making any investment decisions. Ahmedabad Plane Crash Markets Desk at

British Bank Standard Chartered's (STAN) Stock Falls 9% on Reports of U.S. Probe
British Bank Standard Chartered's (STAN) Stock Falls 9% on Reports of U.S. Probe

Business Insider

time9 hours ago

  • Business Insider

British Bank Standard Chartered's (STAN) Stock Falls 9% on Reports of U.S. Probe

Shares of British bank Standard Chartered (STAN) are down 9% after a U.S. Republican lawmaker wrote to Attorney General Pam Bondi asking for action to be taken against the bank for alleged 'sanctions evasion.' Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Elise Stefanik, a New York Republican, wrote in a letter posted to social media that a special attorney should be appointed to look into Standard Chartered's alleged failings. The London-based bank has been investigated over sanctions in the past. Standard Chartered was fined $1.1 billion in 2019 by U.S. and U.K. authorities for evading sanctions and lacking proper money-laundering controls. The lender is currently facing a $1.9 billion lawsuit in the United Kingdom by investors over Iran sanctions violations. Bank's Response Standard Chartered was quick to respond to the allegations made by Representative Stefanik. In a statement, the bank said that 'the underlying allegations — including the claim that there are $9.6 billion in unlawful transactions — are entirely false and have been rejected by the U.S. courts multiple times.' Standard Chartered added that it will 'fully cooperate' with any relevant authority. Stefanik also alleged that the New York Attorney General's Office, which helps oversee most foreign banks operating in the U.S., did not take action on allegations against Standard Chartered in the past. Stefanik is requesting that the acting U.S. Attorney for New Jersey be in charge of a new probe into the British bank. Is STAN Stock a Buy? The stock of Standard Chartered has a consensus Moderate Buy rating among nine Wall Street analysts. That rating is based on three Buy and six Hold recommendations issued in the last three months. The average STAN price target of 1,356.22p implies 3.89% upside from current levels.

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