Latest news with #USD16
India Today
15-05-2025
- Entertainment
- India Today
Chris Brown arrested over 2023 bottle attack in London nightclub
American singer Chris Brown was arrested early Thursday morning in Manchester in connection with a violent incident that allegedly took place at a London nightclub in 36-year-old singer was taken into custody by Metropolitan Police officers at the five-star Lowry Hotel on suspicion of causing grievous bodily harm. Detectives from the Central West Area Basic Command Unit of the Met Police led the arrest, which is part of an ongoing investigation into a reported assault in February a statement, the Met said, ''A 36-year-old man was arrested at a hotel in Manchester shortly after 02:00hrs on Thursday, 15 May on suspicion of grievous bodily harm. He has been taken into custody where he remains. The arrest relates to an incident at a venue in Hanover Square on 19 February 2023. The investigation is being led by detectives from the Central West Area Basic Command Unit."The alleged victim, music producer Abe Diaw, claims Brown attacked him with a tequila bottle during an altercation at the exclusive Tape nightclub in London. According to Diaw, the incident occurred around 3 a.m. while Brown and his entourage were in attendance.'He hit me over the head two or three times. My knee collapsed as well,' Diaw told The Sun on Sunday, adding that he required hospital treatment and was on crutches following the incident reportedly took place while Brown was on tour in the UK. Despite the ongoing legal issues, the singer had been scheduled to return for 10 more tour dates across Britain next month as part of his 'Breezy Bowl XX Tour', a global celebration of his 20-year music career. However, the arrest may cast uncertainty over those addition to the criminal investigation, Diaw has filed a civil lawsuit against Brown, seeking USD16 million (12 million) in damages for injuries and financial losses he says were caused by the a two-time Grammy Award winner, has faced multiple legal controversies throughout his career. Representatives for the singer have not yet commented on the investigation remains Watch
Entrepreneur
07-05-2025
- Business
- Entrepreneur
Meet the Network Marketer Who is Making a Difference
Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Jonathan Sifuentes' story is one of perseverance, growth, and leadership. From the moment he discovered the world of network marketing to becoming one of the top earners in his industry, he has honed his entrepreneurial values to change lives. Through direct sales, health and wellness, and community building, Jonathan is on a mission to achieve lasting success. An Early Drive Born in Monterrey, Mexico, Jonathan's parents were the ones who first introduced him to network marketing, teaching him the value of time, integrity, and money. At just seven years old, his father made him read Robert Kiyosaki's Rich Kid, Smart Kid. Coupled with his parents' example, this book became the foundation of his entrepreneurial journey. When Jonathan was 12, his family moved from Mexico to Houston, Texas. Though he didn't know English, didn't have any friends, and struggled to adapt to the culture, he faced the challenge with characteristic determination. By the age of 14, he started in a local taco shop; by 15, he realized that traditional education wasn't the path forward for him and dropped out of high school. Direct Sales and Entrepreneurship After dropping out, Jonathan started selling cars. He quickly became the top salesman at Auto Union in Houston, earning USD 3,000 a month. At 16 years old, he started his network marketing journey with a coffee company. Working difficult 16-hour days, he made USD16,000 in his first year. Believing in his approach, he attended numerous personal development events and listened to his mentors, his father, John C Maxwell and Anthony Robbins. By 19 years old, Jonathan started his own door-to-door sales business selling home services. Doing this work, he was earning USD 20,000 a month in commissions. He started developing a sales team to help him, and soon enough he had a hundred salesmen working for him across two offices. At 20 years old, he made his first million as a network marketer. Facing Tragedy For all his success at such a young age, one of his most difficult challenges was yet to come. "At 22 years old my father passed away," Jonathan shared. "He was my first mentor. He was my best friend. I used to walk in the shadow of my father. I learned so many lessons from my dad's passing away. The biggest lesson I learned was that my dad's biggest reason for success was not making money—it was about family and good times." Returning Home With a renewed sense of purpose, Jonathan returned to Mexico to support his family. He launched a new company from the ground up, quickly growing to serve 300,000 customers across 100 countries. At 25 years old, he was at the pinnacle of his life. "I decided to pause and really find out what my purpose would be. I travelled, I searched, I seeked. I was never money driven or someone who chased the money. I wrote my first book [N.7296 Prisoner of My Mind] and became a published author." A New Venture Ahead At 26, Jonathan's mother was diagnosed with an autoimmune disease. That same year, Jonathan was introduced to a health and wellness company his friend was launching. Knowing that the first person he wanted the business to help was his mother, he accepted the calling to take the company global. Today, at 28 years old, Jonathan's goal is to build a customer base in the millions to improve the lives of his family and all those around him.
Times of Oman
17-04-2025
- Business
- Times of Oman
US halts Nvidia H20 chip exports over fears of China's misuse in AI
Taipei: The United States has enacted restrictions on the export of Nvidia's H20 chips to China, tightening its control over the trade of advanced AI technology with Beijing as part of Washington's strategy to exert pressure on China amid an ongoing tariff dispute, the Radio Free Asia (RFA) reported. Nvidia, a prominent player in AI chip development worldwide, said on Tuesday that the US government informed them on April 9 that exporting its H20 chips to China would now necessitate government permission. The company also stated that this restriction would be in effect indefinitely. Although the H20 chip has relatively limited computing capabilities, it possesses characteristics that make it suitable for constructing high-performance computing systems. The RFA report pointed out that the US government allegedly based its decision on fears that the H20 chips could be utilised in or modified for Chinese supercomputers. The H20 was the most sophisticated artificial intelligence chip allowed for legal export to China, which was already under US national security-related restrictions on high-end semiconductor sales. While its performance does not match Nvidia's latest Blackwell chip, it is equipped with high-bandwidth memory akin to that used in Blackwell, offering a performance enhancement for certain applications, RFA reported. The H20 chip attracted attention after it was used by DeepSeek, a Chinese AI startup that debuted a cost-effective and competitive AI model trained with the chip in January. Earlier this year, the tech media outlet, The Information reported that leading Chinese tech firms, including Alibaba, Tencent, and ByteDance, collectively ordered over USD16 billion worth of H20 chips in the first quarter, marking a rise of more than 40% from the prior quarter, as noted by the RFA report. The US first imposed export controls on AI chips targeting China in October 2022 and has since expanded the restrictions to encompass additional technologies and nations. The enforcement of the export limitation on H20 chips coincides with a rise in trade tensions between the US and China, according to the RFA.
Mid East Info
21-03-2025
- Business
- Mid East Info
Klaim Secures USD26 Million in Funding to Boost Regional Growth of Healthcare Payment Solutions - Middle East Business News and Information
Klaim, a pioneer of healthcare payment acceleration solutions, has successfully secured USD 10 million in Series A equity funding and additional USD 16 million financing fund to drive its regional expansion and transform how medical providers access cash flow. This investment will help propel Klaim's mission to reshape the healthcare financial landscape by speeding up medical insurance claim payments and improving cash flow for healthcare providers in the MENA region. Since its founding in 2019, Klaim has positioned itself as an innovative and out-of-the-box force in fintech, providing a cutting-edge payment platform specializing in healthcare. Leveraging artificial intelligence and a vast data repository, Klaim predicts insurance payment behaviors through advanced data analytics and AI models. This enables faster and more efficient healthcare claims processing. With the new funds, Klaim aims to expand its footprint in the UAE, deploy capital in Saudi Arabia, Oman, and other regions, and continuously refine its technology to better serve healthcare providers. Last year, Klaim announced a strategic milestone in its expansion into Saudi Arabia through a collaboration with Tharawat Tuwaiq Financial Company, an asset manager and financial advisor licensed by the Saudi Capital Market Authority (CMA). As part of this collaboration, Tharawat Tuwaiq has successfully obtained approval and launched a healthcare private closed-ended financing fund. The fund, valued at SAR60 million (approximately USD16 million), aims to enhance access to working capital solutions tailored to the healthcare sector's unique needs. The first transaction under this initiative is set to take place in March 2025, further strengthening Klaim's commitment to empowering healthcare providers with innovative solutions. Additional funds within this program are expected to be introduced in the second half of 2025, reinforcing long-term support for Saudi Arabia's healthcare ecosystem.
Zawya
09-03-2025
- Business
- Zawya
Klaim secures $26mln in funding to boost regional growth of healthcare payment solutions
Abu Dhabi, UAE – Klaim, a pioneer of healthcare payment acceleration solutions, has successfully secured USD 10 million in Series A equity funding and additional USD 16 million financing fund to drive its regional expansion and transform how medical providers access cash flow. This investment will help propel Klaim's mission to reshape the healthcare financial landscape by speeding up medical insurance claim payments and improving cash flow for healthcare providers in the MENA region. Since its founding in 2019, Klaim has positioned itself as an innovative and out-of-the-box force in fintech, providing a cutting-edge payment platform specializing in healthcare. Leveraging artificial intelligence and a vast data repository, Klaim predicts insurance payment behaviors through advanced data analytics and AI models. This enables faster and more efficient healthcare claims processing. With the new funds, Klaim aims to expand its footprint in the UAE, deploy capital in Saudi Arabia, Oman, and other regions, and continuously refine its technology to better serve healthcare providers. Last year, Klaim announced a strategic milestone in its expansion into Saudi Arabia through a collaboration with Tharawat Tuwaiq Financial Company, an asset manager and financial advisor licensed by the Saudi Capital Market Authority (CMA). As part of this collaboration, Tharawat Tuwaiq has successfully obtained approval and launched a healthcare private closed-ended financing fund. The fund, valued at SAR60 million (approximately USD16 million), aims to enhance access to working capital solutions tailored to the healthcare sector's unique needs. The first transaction under this initiative is set to take place in March 2025, further strengthening Klaim's commitment to empowering healthcare providers with innovative solutions. Additional funds within this program are expected to be introduced in the second half of 2025, reinforcing long-term support for Saudi Arabia's healthcare ecosystem. 'We're excited to achieve this milestone in our journey. Securing Series A funding is not only a major validation of our vision and business model but also the critical inflection point that enables us to scale rapidly,' said Karim Dakki, Co-Founder and CEO of Klaim. 'The healthcare industry often struggles with prolonged payment cycles, creating significant financial strain for providers. With this fresh funding, we are well-positioned to accelerate our efforts in delivering seamless, efficient payment solutions that allow healthcare providers to focus on patient care without financial uncertainty.' ' Klaim is now expanding its focus to enterprise healthcare systems, enabling larger providers and hospital networks to access payments within 24 hours,' commented Ghafoor Ahmad, Co-Founder & Global Chief Revenue Officer at Klaim. 'As we scale, our solutions will empower not only small and mid-sized providers but also large healthcare groups that need seamless, reliable financial solutions to support operational growth. This marks a key milestone in our evolution toward serving the entire healthcare ecosystem at scale. 'Klaim's Series A round was led by Mad'a and with a notable participation of CDG Invest (the investment arm to the Moroccan Deposit and Management Fund - CDG ). This funding marks a significant turning point for Klaim as it pushes closer to its vision of becoming the regional leader in healthcare payments. Through its 212 Founders program (by CDG Invest), Managing Director Nawfal Fassi Fihri is stating " Karim Dakki and Ahmad Ghafoor are visionary founders who demonstrated a forward-thinking approach, combining their industry expertise with technological innovation to build an innovative Solution for Healthcare, thus addressing a critical gap by solving cash flow problems for medical practitioners. We believe that Klaim's solution will scale across different healthcare systems, both locally and regionally, including Morocco. ' 'We recognize the transformative impact of Klaim's technology in revolutionizing the healthcare and fintech sectors,' said Abdullah Al Othaim, CEO of Mad'a Investment. 'By optimizing healthcare payment processes and providing expedited access to cash flow, Klaim is addressing a critical industry challenge that has long impeded operational efficiency. We are proud to support Klaim's expansion across the GCC, including its strategic entry into Saudi Arabia, reinforcing its role as a key driver of digital transformation.' With this investment, Klaim aims to scale up its operations, boost its technological capabilities, and continue forming partnerships with leading financial institutions, insurers, and healthcare providers to push for digital transformation within the industry. To learn more about Klaim's services, visit This announcement is for information purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any securities or investment products. The fund is exclusively available to eligible professional and institutional investors in Saudi Arabia in accordance with CMA regulations. Klaim is not licensed or regulated by any financial authority and does not engage in any investment promotion or fund distribution activities. About Klaim Klaim is an award-winning fintech company headquartered in Abu Dhabi Global Market (ADGM), with offices across the UAE, Saudi Arabia, and Oman. Since 2019, it has been at the forefront of transforming the healthcare industry by enabling healthcare providers with their working capital requirements, allowing them to grow and thrive. For further information about Klaim, please visit our website About Tharawat Tuwaiq Tharawat Tuwaiq Financial Company, a financial institution organized and existing under the laws of the Kingdom of Saudi Arabia and by the Capital Market Authority as a 'Capital Market Institution' under license 23253-02 About 212 Founders (by CDG INVEST) As the investment arm of Caisse de Dépôt et de Gestion (CDG), CDG Invest finances and supports businesses with strong ties to Morocco at every stage of their development. Launched in September 2019 by CDG Invest, 212Founders is its pioneering investment and support program designed to elevate Morocco's global venture capital ambitions. By providing funding, strategic mentorship, and operational support, 212Founders fosters the growth of high-potential startups, positioning Morocco as a key player in the international innovation and entrepreneurship landscape. About Mad'a Mad'a Investment is a growth-driven private equity and venture capital firm investing in high-potential businesses across Saudi Arabia and the Middle East. We partner with ambitious founders and companies poised for scale, providing capital, strategic support, and operational expertise. Beyond funding, we help businesses establish a strong local presence and accelerate their growth within Saudi Arabia's dynamic market.
