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Yahoo
13 minutes ago
- Business
- Yahoo
Alpha 1 SPV Limited Announces Option Agreement to Sell its Interest in Elemental Altus Royalties Corp.
ABU DHABI, UAE, June 10, 2025 /CNW/ - AlphaStream Limited today announces that it and its affiliate, Alpha 1 SPV Limited (together with AlphaStream Limited, "Alpha 1"), have entered into an Option Agreement (the "Option Agreement") with Tether Investments, S.A. DE C.V. ("Optionee"), pursuant to which, among other things, Alpha 1 granted to Optionee the option to acquire (but not the obligation to acquire), and subject to certain terms and conditions, all 34,444,580 of the common shares it holds (the "Alpha 1 Shares", and the option to acquire such shares referred to as the "Alpha 1 Share Option") in Elemental Altus Royalties Corp. ("Elemental"), a gold-focused royalty company listed in Canada. Terms of the Option Agreement The Alpha 1 Share Option will not become exercisable prior to October 29, 2025 without the consent of Elemental. Pursuant to the Option Agreement, Optionee paid an option fee to Alpha 1 in an aggregate amount of CAD$3,444,458, representing a price per Alpha 1 Share of CAD$0.10. If Optionee exercises the Alpha 1 Share Option, depending on when the Alpha 1 Share Option is exercised, the Optionee will pay a variable exercise price (the "Exercise Price") with a minimum aggregate Exercise Price of CAD$51,839,092.90 and a maximum aggregate Exercise Price of CAD$53,389,099 (representing a minimum price per Alpha 1 Share of CAD$1.505 and a maximum price per Alpha 1 Share of CAD$1.550). The Option Agreement includes certain restrictions on the ability of Alpha 1 to sell the Alpha 1 Shares, and in certain circumstances requires Alpha 1 to vote, or refrain from voting, and to tender, or refrain from tendering, the Alpha 1 Shares in accordance with instructions from the Optionee. Additional Disclosure Pursuant to Canadian "Early Warning" Requirements This announcement is made pursuant to the "early warning" requirements of Canadian securities legislation. A copy of Alpha 1's related early warning report will be filed with the applicable securities commissions and will be made available on SEDAR+ at Further information and a copy of the early warning report of Alpha 1 maybe obtained by contacting: The head office of Elemental is Suite 1020 – 800 West Pender Vancouver, British Columbia V6C 2V6, Canada. SOURCE AlphaStream Limited View original content:
Newsweek
13 minutes ago
- Health
- Newsweek
China Makes Childbirth Change Amid Falling Birth Rate
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. China is moving to expand access to pain relief during childbirth as part of efforts to encourage mothers to have more children. Newsweek reached out to the Chinese Foreign Ministry via email for comment outside of office hours. Why It Matters China has one of the world's lowest fertility rates, with an estimated 1.2 children per woman as of 2024. This marked a slight rise over 2023, but remains far below the replacement rate of 2.1. The government has rolled out an array of pro-natal policies, from child subsidies to extending insurance coverage to in vitro fertilization, but with little effect, raising concerns that the shrinking pool of young workers, coupled with the rising share of retirees, will drag on growth in the world's second-largest economy. A nurse takes care of a newborn baby at a hospital on May 11, 2025 in Lianyungang, Jiangsu Province of China. International Nurses Day falls on May 12 every year. A nurse takes care of a newborn baby at a hospital on May 11, 2025 in Lianyungang, Jiangsu Province of China. International Nurses Day falls on May 12 every year. Wang Chun/VCG via Associated Press What To Know By the end of this year, all tertiary hospitals—those with more than 500 beds—across China will be able to administer epidural anesthesia to pregnant women throughout the childbirth process, according to the country's health authorities, as reported by the state media outlet China Daily. All secondary hospitals, or those with more than 100 beds, will be capable of providing this service by 2027. These institutions will be expected to strengthen related infrastructure and protocols, including dedicated procedure rooms that meet a high standard of sterilization. Efforts were also updated to include pain relief procedures throughout labor, encompassing early and post-labor assessments, as well as the diagnosis and treatment of possible complications. Hospitals must continuously track hospital-acquired infections and improve information sharing between anesthesia and obstetrics departments to monitor patients' conditions better, the notice said. Anesthesia is administered to just 30 percent of mothers during labor in China, compared to around 67 percent in the United States, the health officials said. This hesitance is due to a shortage of anesthesiologists in some areas, unregulated costs of the procedure, and lingering misconceptions about possible side effects, according to experts cited by China Daily. What People Are Saying Yun Zhou, assistant professor of sociology at the University of Michigan, told Reuters: "Much of China's population decline is rooted in entrenched structural reasons. "Without fundamental structural transformations—from enhancing the social safety net to eliminating gender discrimination – the trend of population decline cannot be reversed." What Happens Next New measures continue to be introduced at both the central and local government levels. For example, Hohhot, the capital of the Inner Mongolia Autonomous Region, announced in January a subsidy of 10,000 yuan ($1,393) to couples who have their first child. However, experts are skeptical that these and other government-driven efforts are enough to reverse a demographic decline. Commonly cited obstacles to parenthood in China include long working hours, the rising cost of urban living, and a lack of support for women in the workplace.
Yahoo
13 minutes ago
- Business
- Yahoo
Huawei Isn't Waiting on U.S. Chips--It's Hacking the Gameboard
Huawei founder Ren Zhengfei is pushing back against U.S. export restrictionsand doing it from the front page of People's Daily. As Washington and Beijing enter another tense round of negotiations over technology and rare earths, Ren made it clear that Huawei isn't standing still. While he admitted the company is still behind the U.S. in single-chip output, Ren pointed to packaging, stacking, and cluster-based computing as viable ways to get comparable AI performance. Huawei is not that good yet, he said, but he's betting that an open-source future and hardware workarounds could keep China in the AI racedespite ongoing U.S. pressure. Warning! GuruFocus has detected 4 Warning Signs with NVDA. That pressure may not be holding as firmly as hoped. Nvidia (NASDAQ:NVDA) CEO Jensen Huang recently acknowledged that Chinese AI firms are becoming formidable and filling the void left by U.S. tech exits. Huawei, once sidelined by U.S. sanctions, is now making powerful AI chips at SMIC using advanced packaging methodsbundling chips to act like a single, high-performance unit. This isn't just theoretical. Huawei's making real gains in AI and EV software, and its comeback in smartphones has already rattled expectations. Huang's warning suggests that U.S. firms could be watching their lead erode faster than anticipated. Huawei's story isn't just about bouncing backit's about adapting fast under pressure. Since landing on the Entity List, the company has retooled its strategy, leaning on engineering innovation to replace what it lost in supply chains. Now, it's signaling that it could keep competingeven if it never gets U.S. chips again. With Commerce Secretary Howard Lutnick attending this week's talks, export controls are back in the spotlight. Ren's commentstimed with precisionsend a message: China's not waiting for the door to reopen. It's building a side entrance. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13 minutes ago
- Business
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Hotels Are Draining Up to 75% of their IT Budget on Legacy Tech. New Report Reveals What Operators Can Do
Outdated systems are driving up costs, exposing security gaps, and hurting guest satisfaction for multi-location hotel operators. HOLLAND, Ohio, June 10, 2025 /PRNewswire/ -- An industry analysis from Hotel Technology News reports that outdated systems are draining three quarters of IT budgets across hotel portfolios, and multi-location operators are increasingly under pressure to modernize without disruption. According to new findings from managed technology provider Velocity, legacy phone lines, fragmented vendor contracts, and aging infrastructure are quietly eroding margins and damaging guest satisfaction. "This isn't just a tech problem, it's a revenue problem," said Anthony Nguyen, Chief Information Officer at Velocity. "Outdated systems don't just increase costs, they impact the overall guest experience, create brand frustration, and ultimately reduce repeat bookings." The new industry resource released ahead of HITEC 2025 outlines how hospitality management IT and operations leaders can audit their systems, uncover hidden losses, and modernize critical infrastructure without a full-scale overhaul. Highlights from the guide include: Up to $240,000 per month in savings for hotel groups managing 1,000 POTS lines by switching to VoIP An average 16% reduction in telecom spend using expense management tools to identify billing errors and unused services A direct link between tech performance and retention, with 92% of travelers ranking reliable Wi-Fi as their top in-room expectation Many hotel operators are juggling disconnected systems across locations, leading to limited visibility, inconsistent guest experiences, and increased cybersecurity exposure. The guide offers practical steps to evaluate vendors, consolidate technology infrastructure, and eliminate operational blind spots. "Most operators know they're behind on upgrades," Nguyen said. "What they often miss is how deeply those delays are impacting revenue, guest reviews, and staff efficiency." The guide includes: A cost-saving audit framework built for hotel groups with 10 or more properties A vendor evaluation checklist covering SLAs, system integration, customer support, and scalability Strategic guidance on balancing guest satisfaction, cybersecurity, and long-term cost savings The Hospitality Buyer's Guide will be available for free at booth #1819 during HITEC 2025 and online. ABOUT VELOCITY MSCFounded in 2005, Velocity is a technology-managed solutions provider for voice, data, Wi-Fi, POTS IN A BOX®, Free-to-Guest TV, and the Global Expense Management (GEM) platform, among others, supported by a proprietary network backbone across 21 fully redundant fiber data centers for multi-location enterprises across multiple industries. With its nationwide network of 5,500 certified field technicians, project managers and software developers, over 500 employees, and 450+ carrier agreements, Velocity is a single-source partner dedicated to providing comprehensive support with its 24/7/365 U.S. based technical support complemented by supply chain and logistics services inventory & warehousing, repair depot, as well as digital signage and DOOH media solutions. Velocity delivers an unparalleled scope of services to its clients. As a CLEC licensed to operate in all 50 states, Velocity monitors telecom and technology environments continuously, enabling faster responsiveness and reducing downtime. For more information, please visit View original content to download multimedia: SOURCE Velocity, A Managed Solutions Company
Yahoo
13 minutes ago
- Business
- Yahoo
Meta to pay nearly $15B for Scale AI stake: The Information
(Reuters) -Meta Platforms (META) has agreed to take a 49% stake in artificial intelligence startup Scale AI for $14.8 billion, The Information reported on Tuesday, citing two people familiar with the matter. Founded in 2016, Scale AI ( provides vast amounts of labeled data or curated training data, which is crucial for developing sophisticated tools such as OpenAI's ChatGPT. The deal, which has not been finalized yet, appears to be beneficial for Scale AI's investors, including Accel, Index Ventures, Founders Fund and Greenoaks Capital, as well as its current and former employees, the report said. Meta, Scale AI and the startup's investors did not immediately respond to Reuters' requests for comment. As part of the deal, Scale AI CEO Alexandr Wang will take a top position inside Meta, leading a new "superintelligence" lab, according to the report. Meta CEO Mark Zuckerberg has been actively recruiting top AI researchers to boost the company's AI efforts, the report said. The company is fighting the perception that it may have fallen behind in the AI race after its initial set of Llama 4 large language models released in April fell short of performance expectations. Meta delayed the release of its flagship "Behemoth" AI model due to concerns about its capabilities, the Wall Street Journal reported last month. The company is also facing antitrust concerns related to its acquisitions of Instagram and WhatsApp. According to The Information report, the structure for the potential deal with Scale AI could be designed to avoid more regulatory scrutiny. Scale AI was valued at $13.8 billion in a funding round last spring. It generated about $870 million in revenue in 2024 and expects more than $2 billion this year, the report said. The company counts AI firms OpenAI and Cohere as well as tech giants Microsoft, Meta and Cisco Systems among its customers, according to its website. Connectez-vous pour accéder à votre portefeuille
