Vertiv Expands Liquid Cooling Portfolio In EMEA To Accelerate AI-Ready Data Centre Deployments

0

Vertiv™ CoolChip CDU 2300 and Vertiv™ CoolChip Fluid Network Row Manifolds to be showcased at Datacloud Global Congress

Johannesburg, South Africa [May, 2026] – Vertiv (NYSE: VRT), a
global leader in critical digital infrastructure, infrastructure, today
announced the expansion of its end-to-end thermal chain with the
availability of the Vertiv™ CoolChip CDU 2300 [1] and Vertiv™
CoolChip Fluid Network Row Manifolds [2] in Europe, Middle East and
Africa (EMEA). These liquid cooling technologies support the growing
demands of AI and high-density, next-generation compute to help
customers deploy high-density infrastructure faster and operate more
efficiently.

The Vertiv CoolChip family is a core building block of the Vertiv
thermal chain, an end-to-end portfolio including direct-to-chip cooling,
immersion cooling, rear-door heat exchangers, coolant distribution, heat
rejection, intelligent controls, and lifecycle services into a single,
cohesive thermal management system.

The newly announced solutions will be on display at Datacloud Global
Congress in Cannes [3] (June 1–4), where Vertiv will participate as a
Patron Sponsor and showcase its latest technologies at booth n. 123.

“The rapid growth of AI workloads is driving a fundamental shift in
how data centres are designed, cooled, powered and operated,” said
Paul Ryan, president for EMEA at Vertiv. “At Datacloud Global
Congress, we’re showing how Vertiv is expanding its end‑to‑end
portfolio, combining high-density power solutions, liquid cooling, heat
rejection, intelligent controls, and lifecycle services, to help
customers deploy AI-ready infrastructure faster and operate more
efficiently over time.”

As a critical link in the Vertiv™ thermal chain, the Vertiv CoolChip
CDU 2300 is a liquid-to-liquid coolant distribution unit delivering 2.3
MW of cooling capacity in a compact footprint, offering one of the
highest capacity-to-footprint ratios available in the market.Its smaller
cabinet supports flexible placement, including in‑row or in adjacent
mechanical areas, helping operators reduce floor space requirements and
the number of CDUs needed in large‑scale, high‑density deployments.

Also read: https://brandspurng.com/2026/05/28/rite-foods-celebrates-childrens-day-inspires-nigerian-children-to-dream-big-and-shine-bright/

Vertiv™ CoolChip CDU systems span from 100 kW to 2.3 MW and support
direct‑to‑chip liquid cooling as well as rear‑door heat
exchangers. The integrated Vertiv™ CoolChip CDU controller allows
temperature and flow to adapt to workload demands, while features such
as redundancy, unit‑to‑unit communication, and remote monitoring
help enhance system availability and simplify operations. This
controller-level intelligence enables the CDU to operate in coordination
with other elements of the thermal chain, enabling consistent thermal
performance across the entire infrastructure.

Complementing the CDU within the thermal chain architecture, the new
Vertiv™ CoolChip Fluid Network Row Manifolds provide the physical
connectivity layer between coolant distribution units, server-level
cooling hardware, and heat rejection systems. Each manifold assembly is
flushed, passivated, pressure-tested, and sealed to deliver superior
cleanliness, corrosion resistance, and leak-free performance. The
configurable design provides full system compatibility across
direct-to-chip cooling, immersion cooling, and rear-door heat exchangers
while simplifying coolant routing. It also enables fast deployment for
new builds or retrofits, helping operators scale liquid-cooling
infrastructure in weeks rather than months.

Vertiv complements its portfolio with Vertiv™ Liquid Cooling Services
[4], covering design support, installation, and ongoing maintenance.
This lifecycle approach is designed to help customers maximise
efficiency, maintain system availability, and support consistent
performance as liquid cooling becomes an integral part of modern data
centre operations.

Vertiv experts will be available throughout Datacloud Global Congress at
booth #123 to discuss Vertiv’s end‑to‑end portfolio of power,
cooling, and converged infrastructure solutions designed to support
high‑density, AI‑ready data centres. Explore insights and resources
at Vertiv.com/AI [5].

To schedule a meeting with Vertiv experts at Datacloud Global Congress,
click here [6].

About Vertiv

Vertiv (NYSE: VRT) brings together hardware, software, analytics and
ongoing services to enable its customers’ vital applications to run
continuously, perform optimally and grow with their business needs.
Vertiv solves the most important challenges facing today’s data centers,
communication networks and commercial and industrial facilities with a
portfolio of power, cooling and IT infrastructure solutions and services
that extends from the cloud to the edge of the network. Headquartered in
Westerville, Ohio, USA, Vertiv does business in more than 130 countries.
For more information, and for the latest news and content from Vertiv,
visit Vertiv.com [7].

Forward-Looking Statements

This release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995, Section 27 of the
Securities Act, and Section 21E of the Securities Exchange Act. These
statements are only a prediction. Actual events or results may differ
materially from those in the forward-looking statements set forth
herein. Readers are referred to Vertiv’s filings with the Securities and
Exchange Commission, including its most recent Annual Report on Form
10-K and any subsequent Quarterly Reports on Form 10-Q for a discussion
of these and other important risk factors concerning Vertiv and its
operations. Vertiv is under no obligation to, and expressly disclaims
any obligation to, update or alter its forward-looking statements,
whether as a result of new information, future events or otherwise.

Vertiv Expands Liquid Cooling Portfolio In EMEA To Accelerate AI-Ready Data Centre DeploymentVertiv Expands Liquid Cooling Portfolio In EMEA To Accelerate AI-Ready Data Centre Deployment

Rite Foods Celebrates Children’s Day, Inspires Nigerian Children To Dream Big And Shine Bright

There is magic in every child’s dream and greatness in every child’s
future. As Nigeria celebrates Children’s Day 2026, Rite Foods Limited,
Nigeria’s leading food and beverage company, is celebrating the
brilliance, creativity, and limitless potential of Nigerian children
while advocating inclusive education, stronger family support, and
brighter opportunities for every child.

This year’s Children’s Day theme, “Inclusive for every Child’’
highlights the importance of raising children in loving environments
where learning, kindness, confidence, and strong values can flourish.

According to Rite Foods, every child deserves the opportunity to dream
boldly and become the very best version of themselves, regardless of
background or circumstance.

Speaking on the significance of the celebration, the MD/CEO of Rite
Foods Limited, Seleem Adegunwa, said children remain the heartbeat of
the nation’s future and must be nurtured with care, encouragement, and
the right support systems.

“Every child carries greatness inside them. When children are given
access to education, guidance, love, and opportunities, they become
confident leaders, innovators, and changemakers for tomorrow. We must
continue to create environments that empower children to dream without
limits,” he said.

He further noted that Rite Foods remains committed to supporting
Nigerian families through quality products that bring refreshment,
happiness, and value to everyday moments.

Also read: https://brandspurng.com/2026/05/28/africa-jobs-fund-launches-aiming-to-mobilise-100m-philanthropic-investment-to-boost-workers-incomes-by-over-50-billion/

With an exciting portfolio that includes the 13 variants of Bigi
Carbonated Soft Drinks, Bigi Premium Table Water, Sosa Fruit Drinks with
five flavors, Fearless Energy Drink available in Classic and Red Berry
variants, as well as Rite Spicy Sausage, Bigi Sausage, and Bigi Flex
Sausage Rolls, the company continues to create memorable experiences for
millions of consumers across Nigeria through innovation, quality, and
consumer satisfaction.

The Head of Corporate Affairs and Sustainability, Ekuma Eze, stated that
investing in children is one of the greatest commitments any society can
make.

“Children are the future leaders, creators, and builders of our
nation. When we invest in their education and values today, we are
building a stronger and brighter tomorrow for Nigeria. Every child
deserves the chance to shine,” he said.

Over the years, Rite Foods has continued to connect with young Nigerians
through impactful initiatives designed to encourage talent, creativity,
confidence, and self-expression.

Its leadership in the fast-moving consumer goods (FMCG) industry has
also earned international recognition, including the prestigious “Best
Foods and Beverage Brand Award” at the Global Brand Awards,
reinforcing the company’s commitment to excellence and consumer
satisfaction.

As children across Nigeria celebrate their special day, Rite Foods
encourages every child to keep dreaming big, believing in themselves,
and embracing the endless possibilities ahead.

Africa Jobs Fund Launches, Aiming To Mobilise $100M Philanthropic Investment To Boost Workers’ Incomes By Over $50 Billion

New fund led by Wasoko founder Daniel Yu will back high-impact companies
in export manufacturing and international labour mobility.
Nairobi, 27 May 2026 – Africa Jobs Fund [1] (AJF), the philanthropic
investment fund, launched today to mobilise $100M to create
high-productivity jobs that sustainably raise incomes and transform
quality of life for workers across Sub-Saharan Africa. The fund will be
led by Daniel Yu, and housed at Renaissance Philanthropy.

By 2040, around 600 million of the world’s extreme poor will live in
Africa, and with only 3 million [4] formal jobs in Africa created per
year, the gap between the workforce and stable employment is widening.
Export manufacturing and labour mobility are the two most reliable and
proven routes out of poverty.

To accelerate these pathways, AJF will back world-class founders to
build commercially-viable pioneer firms that will create jobs at scale,
aiming to mobilise $100 million in philanthropic capital across export
manufacturing and international labour mobility. Based on the fund’s
analysis, the investment across both pillars will seek to create income
gains of more than $50 billion for African workers and more than double
the lifetime income of at least 250,000 low-income people.

Export manufacturing. Industrialisation has been the proven pathway out
of subsistence poverty for the past two centuries for countries as
diverse as China, Poland and Mauritius. African economies show the same
potential today: wage levels are now competitive with Asia, they have
preferential tariff access into the US, EU, GCC, and China is in place,
and global buyers are actively diversifying their sourcing.

Value-added manufacturing creates jobs and spreads skills across the
local economy, builds supply chains and brings in foreign currency by
connecting African manufacturers to global markets. For individual
workers, the shift from subsistence farming to export manufacturing can
increase productivity fivefold.

The challenge is that the first companies to enter a new export market
face high setup costs: training workers, building supply chains, and
finding buyers. The fund will help pioneer businesses overcome these
barriers, enabling commercial capital to follow.

International labour mobility. More than fifteen million people migrate
to high-income countries each year, and that figure is set to rise
sharply as their ageing populations drive demand for tens of millions of
additional workers in care, logistics, and skilled trades.

The economic benefits are undeniable; an informal worker earning around
$2,000 a year in Africa can earn $40,000 or more in a high-income
country. The challenge for low-income workers from African countries is
that accessing this market means navigating opaque recruiters, predatory
upfront fees, and inadequate training. Meanwhile, employers in
high-income countries struggle with crippling worker shortages and
can’t find reliable, trustworthy recruiters to provide them with
properly trained employees. The highest-return migration corridors
remain closed to the workers who would benefit most. AJF will back the
companies building and formalising those corridors, unlocking the
substantial economic returns of international labour mobility for
African workers.

AJF is led by Daniel Yu, founder of Wasoko [5], one of Africa’s largest
B2B e-commerce platforms, with a track record of having raised $145
million and serving more than 150,000 informal retailers. Daniel also
serves as Board Chair of Malengo [6], a pioneering education migration
non-profit that is deploying $20M in financing to help low-income East
African youth pursue career pathways in Germany.

Yu is joined by Ben Hyman as Operating Partner, who started a leading
African recruitment firm, Talent Safari [7]. Senior advisors to AJF
include Iyinoluwa Aboyeji, co-founder of unicorn African tech firms
Andela and Flutterwave, and Samantha Power, former Head of USAID and
former US Ambassador to the United Nations.

Also read: https://brandspurng.com/2026/05/28/ncsp-felicitates-muslim-faithful-on-eid-al-kabir-reaffirms-commitment-to-shared-growth-amid-deepening-bilateral-ties/

AJF launches as a fund of Renaissance Philanthropy, the nonprofit
founded by former White House science advisors Tom Kalil and Kumar Garg
to design and run time-bound, thesis-driven philanthropic funds led by
field experts. Renaissance Philanthropy has catalysed  more than $533
million for science, technology and innovation in its first two years,
and has launched  22 programmes and funds spanning AI, climate, health,
education and scientific infrastructure.

Daniel Yu, Founding Partner of the Africa Jobs Fund, said, “Persistent
poverty is at its core a jobs problem. Africa has hundreds of millions
of working-age people reliant on subsistence agriculture or informal
work that pays a few dollars a day. Those same people, in the right job
at home or abroad, could earn significant multiples of their income. AJF
exists to back the companies that create those jobs and opportunities.
Nothing else in development comes close to the impact of getting this
right, and that is why I am building AJF.”

Samantha Power, former Head of the United States Agency for
International Development and AJF Senior Advisor, said, “In my time
leading USAID, it became clear that helping people access better jobs,
through international labor mobility and export manufacturing, is one of
the most powerful tools we have to lift families out of poverty. The
Africa Jobs Fund is pursuing this with tremendous rigor and ambition,
and it is in our collective interest to do all we can to support and
scale their investments.”

Iyinoluwa Aboyeji, Founding Partner of Future Africa, and AJF Advisor,
said, “African founders have shown they can build category-defining
companies. The next decade is about building the ones that put millions
of people to work. AJF deserves the attention of every founder and
funder serious about jobs and growth on the continent.”

Kumar Garg, President of Renaissance Philanthropy, said, “The Africa
Jobs Fund is exactly the kind of thesis-driven, operator-led
philanthropic fund that Renaissance Philanthropy was built to support.
Daniel and his team have done the analytical work to identify the
highest-return interventions in poverty alleviation in developing
economies, and they have the venture-building experience to bet early
and activate the founders who can act on that thesis.”

Exploring New Paradigms for AI-Empowered Finance, “Phoenix Financial Forum for the Greater Bay Area Financial Summit” Held in Shenzhen

SHENZHEN, CHINA – Media OutReach Newswire – 28 May 2026 – The 20th Shenzhen International Financial Expo, themed “AI ERA: SYNERGISTIC DEVELOPMENT OF MANUFACTURING AND SERVICE INDUSTRIES,” is being held from May 27 to 29, 2026, at the Futian Convention and Exhibition Center in Shenzhen. During the expo, the Phoenix Financial Forum for the Greater Bay Area Financial Summit was successfully convened on May 27.

Hosted by Phoenix TV and co-organized by Phoenix New Media and Phoenix Show, the summit was rooted in Shenzhen’s role as a core hub of the Guangdong-Hong Kong-Macao Greater Bay Area and a center of financial innovation. Government officials, business leaders, and financial experts gathered to assess evolving global dynamics and explore new opportunities for development.

Group Photo of Distinguished Guests

At the opening ceremony, keynote speeches and panel discussions focused on hot topics including the deep integration of finance with technology, industry, and cross-border collaboration.

Luo Huanghao, Member of the Party Leadership Group and Vice Mayor of the Shenzhen Municipal Government, stated in his opening remarks that Shenzhen’s financial sector should capitalize on its strengths in technological innovation, industrial development, and Shenzhen-Hong Kong connectivity, while adhering to the development logic of deep integration between industry and finance. He emphasized that finance must fundamentally serve the real economy by strengthening industrial foundations, enhancing financial capacity, expanding opening-up, safeguarding financial security, and promoting the mutual advancement of finance and the real economy, thereby accelerating the development of Shenzhen into a globally influential industrial finance center.

Xu Wei, Chairman and CEO of Phoenix TV, noted in his speech that holding the forum alongside the Financial Expo represented not only platform innovation but also a resonance of values, demonstrating Phoenix TV’s comprehensive upgrade in serving the Greater Bay Area’s international communication capabilities. “The collaboration between the forum and the Financial Expo vividly reflects the Greater Bay Area’s momentum toward integrated cooperation,” Xu said. “It also shows that the vitality of the Greater Bay Area lies not only in geographic proximity and industrial connectivity, but also in the mutual empowerment and coordinated integration of technology, talent, information, and rules.”

Christopher Hui, Secretary for Financial Services and the Treasury of the HKSAR Government, pointed out in his speech that the deep integration of Hong Kong’s international financial capabilities with Shenzhen’s technological innovation has already enabled 160 Shenzhen enterprises, including Tencent and BYD, to list in Hong Kong. “This deep integration of ‘finance + technology’ has not only promoted the high-quality development of the financial industries in Hong Kong and Shenzhen, but also helped the Guangdong-Hong Kong-Macao Greater Bay Area become one of the world’s most dynamic fintech hubs,” he said.

Zhang Weizhong, Chairman of Shanghai Pudong Development Bank, remarked that technology is redefining the value logic of capital, while capital is reshaping the growth path of technology. He stressed that financial innovation is playing an increasingly important role and that China must absorb the core principles of global “innovation collaboration” while building a development system suited to local industries and national conditions.

During the keynote speech session, Wang Suwang, Chairman of SDIC Securities Co., Ltd.; Zheng Jun, CTO of Financial Account Dept, Huawei Technologies Co., Ltd.; Jia Jiaya, Chair Professor and Director of Von Neumann Institute, The Hong Kong University of Science and Technology, Founder and Chairman, SmartMore Corporation Limited; and Ginger Cheng, Chief Executive Officer, DBS Bank (China) Limited, shared forward-looking insights and practical experiences on topics such as digital finance development, industrial digital transformation, intelligent technology deployment, and innovation in foreign-funded financial services.

Wang Suwang stated that securities firms should serve as important discoverers of value growth by evaluating technology enterprises from a full life-cycle perspective and recognizing their long-term value through asset securitization.

Using Huawei’s proprietary computing ecosystem as an example, Zheng Jun introduced the large-scale application prospects of AI agents in the financial sector. He noted that AI has moved beyond experimental innovation and entered a stage of “returning to business fundamentals,” where scalable deployment and real value creation are becoming possible.

Jia Jiaya outlined a vision in which the integration of artificial intelligence and robotics will drive the transformation and upgrading of manufacturing industries. He predicted that industrial intelligent agents would bring dramatic changes to the industrial sector over the next five to ten years.

Ginger Cheng emphasized that cross-border finance has become an unavoidable challenge for enterprises pursuing globalization, adding that foreign banks possess unique network advantages in supporting Chinese companies’ overseas expansion.

The afternoon roundtable discussions centered on three core themes in finance, bringing together leading experts for in-depth dialogue and exchanges of ideas.

As artificial intelligence continues to reshape the boundaries of financial services and value creation, the roundtable titled “AI Empowering Technology Finance — New Scenarios, New Paradigms” featured a keynote speech by Liu Xiaochun, Vice President, Shanghai Advanced Institute for Financial Research. He analyzed the compliance boundaries and transformation pathways for AI implementation in finance, stressing that financial innovation must always preserve the essential nature of finance rather than focusing solely on technology.

During the “Industrial Chain Finance: Breaking Boundaries Through Innovation and Capital Empowerment” roundtable, Sean Randolph, Senior Director of the Bay Area Council Economic Institute in San Francisco, shared mature experiences from internationally advanced bay areas via video speech. He observed that AI is rapidly being adopted across global financial institutions and predicted that AI literacy and capabilities will become fundamental factors influencing recruitment, employment, and corporate competitiveness in the future.

As a pioneer in cross-border financial innovation, the Guangdong-Hong Kong-Macao Greater Bay Area continues to achieve breakthroughs in areas such as cross-border payments, wealth management, investment and financing connectivity, and offshore finance.

At the “Cross-Border Finance: From the Greater Bay Area to the World” roundtable, Larry Li, Founder and Managing Partner of Amino Capital, shared his views on investment logic and entrepreneurial opportunities in the AI era. He argued that entrepreneurs can seize opportunities in traditional industries that have yet to adopt digital technologies and transform them into platform-based businesses.

Renowned economist Hong Hao called for a rational perspective on market bubbles. He remarked that financial markets have always relied on bubbles to create life-changing opportunities, and that social progress itself is often driven by humanity’s aspirations and imagination.

At the conclusion of the summit, Victor Gao, Deputy Director of the Center for China and Globalization (CCG)‌, and noted economist Fu Peng delivered a closing dialogue, offering in-depth analysis of new global economic trends and key issues in capital markets.

Hashtag: #PhoenixTV

The issuer is solely responsible for the content of this announcement.

Exploring New Paradigms for AI-Empowered Finance, “Phoenix Financial Forum for the Greater Bay Area Financial Summit” Held in Shenzhen

SHENZHEN, CHINA – Media OutReach Newswire – 28 May 2026 – The 20th Shenzhen International Financial Expo, themed “AI ERA: SYNERGISTIC DEVELOPMENT OF MANUFACTURING AND SERVICE INDUSTRIES,” is being held from May 27 to 29, 2026, at the Futian Convention and Exhibition Center in Shenzhen. During the expo, the Phoenix Financial Forum for the Greater Bay Area Financial Summit was successfully convened on May 27.

Hosted by Phoenix TV and co-organized by Phoenix New Media and Phoenix Show, the summit was rooted in Shenzhen’s role as a core hub of the Guangdong-Hong Kong-Macao Greater Bay Area and a center of financial innovation. Government officials, business leaders, and financial experts gathered to assess evolving global dynamics and explore new opportunities for development.

Group Photo of Distinguished Guests

At the opening ceremony, keynote speeches and panel discussions focused on hot topics including the deep integration of finance with technology, industry, and cross-border collaboration.

Luo Huanghao, Member of the Party Leadership Group and Vice Mayor of the Shenzhen Municipal Government, stated in his opening remarks that Shenzhen’s financial sector should capitalize on its strengths in technological innovation, industrial development, and Shenzhen-Hong Kong connectivity, while adhering to the development logic of deep integration between industry and finance. He emphasized that finance must fundamentally serve the real economy by strengthening industrial foundations, enhancing financial capacity, expanding opening-up, safeguarding financial security, and promoting the mutual advancement of finance and the real economy, thereby accelerating the development of Shenzhen into a globally influential industrial finance center.

Xu Wei, Chairman and CEO of Phoenix TV, noted in his speech that holding the forum alongside the Financial Expo represented not only platform innovation but also a resonance of values, demonstrating Phoenix TV’s comprehensive upgrade in serving the Greater Bay Area’s international communication capabilities. “The collaboration between the forum and the Financial Expo vividly reflects the Greater Bay Area’s momentum toward integrated cooperation,” Xu said. “It also shows that the vitality of the Greater Bay Area lies not only in geographic proximity and industrial connectivity, but also in the mutual empowerment and coordinated integration of technology, talent, information, and rules.”

Christopher Hui, Secretary for Financial Services and the Treasury of the HKSAR Government, pointed out in his speech that the deep integration of Hong Kong’s international financial capabilities with Shenzhen’s technological innovation has already enabled 160 Shenzhen enterprises, including Tencent and BYD, to list in Hong Kong. “This deep integration of ‘finance + technology’ has not only promoted the high-quality development of the financial industries in Hong Kong and Shenzhen, but also helped the Guangdong-Hong Kong-Macao Greater Bay Area become one of the world’s most dynamic fintech hubs,” he said.

Zhang Weizhong, Chairman of Shanghai Pudong Development Bank, remarked that technology is redefining the value logic of capital, while capital is reshaping the growth path of technology. He stressed that financial innovation is playing an increasingly important role and that China must absorb the core principles of global “innovation collaboration” while building a development system suited to local industries and national conditions.

During the keynote speech session, Wang Suwang, Chairman of SDIC Securities Co., Ltd.; Zheng Jun, CTO of Financial Account Dept, Huawei Technologies Co., Ltd.; Jia Jiaya, Chair Professor and Director of Von Neumann Institute, The Hong Kong University of Science and Technology, Founder and Chairman, SmartMore Corporation Limited; and Ginger Cheng, Chief Executive Officer, DBS Bank (China) Limited, shared forward-looking insights and practical experiences on topics such as digital finance development, industrial digital transformation, intelligent technology deployment, and innovation in foreign-funded financial services.

Wang Suwang stated that securities firms should serve as important discoverers of value growth by evaluating technology enterprises from a full life-cycle perspective and recognizing their long-term value through asset securitization.

Using Huawei’s proprietary computing ecosystem as an example, Zheng Jun introduced the large-scale application prospects of AI agents in the financial sector. He noted that AI has moved beyond experimental innovation and entered a stage of “returning to business fundamentals,” where scalable deployment and real value creation are becoming possible.

Jia Jiaya outlined a vision in which the integration of artificial intelligence and robotics will drive the transformation and upgrading of manufacturing industries. He predicted that industrial intelligent agents would bring dramatic changes to the industrial sector over the next five to ten years.

Ginger Cheng emphasized that cross-border finance has become an unavoidable challenge for enterprises pursuing globalization, adding that foreign banks possess unique network advantages in supporting Chinese companies’ overseas expansion.

The afternoon roundtable discussions centered on three core themes in finance, bringing together leading experts for in-depth dialogue and exchanges of ideas.

As artificial intelligence continues to reshape the boundaries of financial services and value creation, the roundtable titled “AI Empowering Technology Finance — New Scenarios, New Paradigms” featured a keynote speech by Liu Xiaochun, Vice President, Shanghai Advanced Institute for Financial Research. He analyzed the compliance boundaries and transformation pathways for AI implementation in finance, stressing that financial innovation must always preserve the essential nature of finance rather than focusing solely on technology.

During the “Industrial Chain Finance: Breaking Boundaries Through Innovation and Capital Empowerment” roundtable, Sean Randolph, Senior Director of the Bay Area Council Economic Institute in San Francisco, shared mature experiences from internationally advanced bay areas via video speech. He observed that AI is rapidly being adopted across global financial institutions and predicted that AI literacy and capabilities will become fundamental factors influencing recruitment, employment, and corporate competitiveness in the future.

As a pioneer in cross-border financial innovation, the Guangdong-Hong Kong-Macao Greater Bay Area continues to achieve breakthroughs in areas such as cross-border payments, wealth management, investment and financing connectivity, and offshore finance.

At the “Cross-Border Finance: From the Greater Bay Area to the World” roundtable, Larry Li, Founder and Managing Partner of Amino Capital, shared his views on investment logic and entrepreneurial opportunities in the AI era. He argued that entrepreneurs can seize opportunities in traditional industries that have yet to adopt digital technologies and transform them into platform-based businesses.

Renowned economist Hong Hao called for a rational perspective on market bubbles. He remarked that financial markets have always relied on bubbles to create life-changing opportunities, and that social progress itself is often driven by humanity’s aspirations and imagination.

At the conclusion of the summit, Victor Gao, Deputy Director of the Center for China and Globalization (CCG)‌, and noted economist Fu Peng delivered a closing dialogue, offering in-depth analysis of new global economic trends and key issues in capital markets.

Hashtag: #PhoenixTV

The issuer is solely responsible for the content of this announcement.

NCSP Felicitates Muslim Faithful On Eid al-Kabir, Reaffirms Commitment To Shared Growth Amid Deepening Bilateral Ties

As Muslims across Nigeria and around the world mark the celebration of
Eid al-Kabir, the Nigeria-China Strategic Partnership (NCSP) has called
for renewed commitment to unity, sacrifice, and collective progress,
describing the occasion as a timely reminder of the values essential to
building stronger communities and enduring international partnerships.

The NCSP noted that the significance of Eid al-Kabir extends beyond
celebration, underscoring that the spirit of sacrifice, faith,
compassion, and devotion embodied in the legacy of Prophet Ibrahim
remains profoundly relevant in contemporary times, urging Nigerians to
embrace these values as the nation continues to pursue economic growth,
social stability, and stronger global cooperation, particularly as the
Partnership advances its mandate of deepening bilateral relations with
China.

Also read: https://brandspurng.com/2026/05/28/jmg-hosts-wellspring-college-students-on-educational-tour-inspires-future-engineers/

“Eid teaches us that real progress is built on sacrifice, trust, and
shared purpose,” the NCSP stated. “These are the same principles
guiding our efforts to deepen cooperation with China for sustainable
growth across critical sectors, including infrastructure, agriculture,
technology, education, energy, manufacturing, and youth development”,
the NCSP statement read. It further noted that strategic collaboration
between both nations is not only strengthening economic ties but also
creating practical pathways for innovation, investment, skills transfer,
and long-term national development.

The Partnership Office reaffirmed its commitment to initiatives that
empower young Nigerians through educational exchange programmes,
technical training, and innovation-driven opportunities designed to
position them competitively within the global economy.

The NCSP also called on Nigerians to use the Eid season as a moment of
reflection, compassion, and peaceful coexistence, emphasising that
sustainable national progress can only be achieved in an environment of
unity and mutual respect. Finally, NCSP extends warm felicitations to
Muslim faithful across Nigeria, expressing hope that the season brings
renewed hope, prosperity, and blessings to every household.

JMG Hosts Wellspring College Students On Educational Tour, Inspires Future Engineers

As part of activities marking the 2026 Children’s Day celebration, JMG
Limited, [1] hosted students of Wellspring College on an educational and
industrial tour of its production facility, reaffirming its commitment
to youth development and practical learning.

The visit brought together  forty-one (41) SS1 Science students and
their teachers for firsthand experience of engineering and manufacturing
operations, designed to bridge the gap between classroom learning and
real-world industrial practice.

During the tour, JMG’s Production Team guided the students through the
assembly and production process, exposing them to engineering systems,
manufacturing workflows, equipment handling, and operational procedures.
The students also participated in interactive learning sessions and
guided facility inspections focused on industrial excellence and
workplace culture.

Also read: https://brandspurng.com/2026/05/28/qrent-says-delaying-information-technology-it-refresh-cycles-may-be-increasing-operational-risk-for-businesses-in-africa/

To ensure a safe and structured experience, the company’s Health,
Safety and Environment (HSE) Team conducted safety briefings and
supervised activities throughout the visit, educating the students on
workplace safety standards and operational protocols.

Speaking during the tour, Plant Manager, Fouad El Chami encouraged the
students to remain focused on their studies and embrace opportunities
within the engineering and technology sectors. He noted that early
exposure to practical environments can shape ambitions and inspire
future career paths.

He further highlighted the vast opportunities available within the
manufacturing and engineering industries, urging the students to pursue
excellence, continuous learning, and discipline in their academic and
professional journeys.

JMG Limited stated that investing in young minds remains a key part of
its corporate social responsibility and community engagement efforts.
According to the company, providing students with practical industrial
exposure helps nurture innovation, stimulate curiosity, and inspire the
next generation of engineers and technology professionals.

The Children’s Day initiative reflects JMG Limited’s continued
commitment to education, youth empowerment, community development, and
the promotion of practical learning experiences that prepare young
Nigerians for the future of work.

JMG delivers innovative solutions across power generation [2],
electrical infrastructure [3], vertical transportation [4], cooling
systems [5], and air compressors [6]. It also provides clean energy
solutions [7], offering sola [7]r and cost-effective hybrid options [2],
while remaining committed to sustainable development and human capital
advancement across Nigeria.

JMG Hosts Wellspring College Students On Educational Tour, Inspires Future Engineers JMG Hosts Wellspring College Students On Educational Tour, Inspires Future Engineers JMG Hosts Wellspring College Students On Educational Tour, Inspires Future Engineers

Vietnam: The New Destination for Billion-Dollar Events

The convergence of progressive policies and large-scale infrastructure developed by Vingroup is positioning Vietnam as a rising hub for the global events and experience economy.

HANOI, VIETNAM – Media OutReach Newswire – 28 May 2026 – Across the Asia-Pacific region, the experience economy is undergoing a major shift. In many established destinations, rising venue and accommodation costs are forcing 73% of event organizers to tighten budgets, according to Mordor Intelligence. At the same time, political uncertainties in several markets are prompting international investors to take a more cautious approach toward long-term commitments.

Vietnam Exposition Center (VEC) will be the destination for international exhibitions and world-class outdoor events in Vietnam.

Against this backdrop, Vietnam is increasingly drawing attention as a new destination for global exhibitions, live entertainment, and large-scale experiential events. Political stability, sustained economic growth, a young population with rising spending power, and coordinated efforts from both the government and the private sector are contributing to the country’s growing appeal.

This is “a golden opportunity” for Vietnam’s cultural industries, said Dr. Cấn Văn Lực, Chief Economist at BIDV, during the 2026 Exhibition, Event and Advertising Summit held at the Vietnam Exposition Center (VEC) on May 8.

According to Dr. Lực, Vietnam has maintained an average annual growth rate of 6.4% over four decades of the Doi Moi economic reform without experiencing a major economic crisis. Per capita income has now surpassed USD 5,000 and is projected to reach USD 8,500 by 2030, fueling demand for entertainment, sports, and live events.

Vietnam’s growing profile is also reflected in its position among the world’s Top 20 trading economies, Top 15 destinations for foreign direct investment, and its 29-place rise in the Index of Economic Freedom. These macroeconomic advantages are increasingly translating into tangible momentum for the country’s event industry.

Vietnam’s MICE sector is currently valued at approximately USD 6 billion, while the advertising market has reached USD 3.5 billion. The live entertainment industry alone has generated more than USD 50 million in revenue, supported by over 700 large-scale events annually and more than USD 1 billion in economic spillover from international visitors, according to data presented at the summit.

Much of this momentum is being driven by parallel advances in policy reform and infrastructure development.

Policy Reforms Open New Opportunities

As Vietnam enters a new phase of development, culture is increasingly being positioned as a strategic growth driver.

“Culture is not only the spiritual foundation of society, but is increasingly becoming an intrinsic resource, a development driver, and a source of national soft power,” Minister of Culture, Sports and Tourism Lâm Thị Phương Thanh said at the summit.

Earlier this year, the Politburo issued Resolution No. 80 on the development of Vietnamese culture, setting targets for cultural industries to contribute 7% of GDP by 2030 and 9% by 2045. The National Assembly also passed Resolution No. 28/2026/QH16, widely viewed as a significant step toward easing restrictions in the cultural, exhibition, and performance sectors by reducing barriers related to taxation, land access, and administrative procedures.

Key measures include a commitment to allocate at least 2% of the annual state budget to culture, establish a cultural venture investment fund, reduce VAT to 5%, and introduce tax incentives for exhibitions, performances, and sports-related activities. Policies encouraging the development of creative complexes with dedicated land and infrastructure incentives are also expected to accelerate industry growth.

If policy reforms are laying the groundwork, infrastructure is becoming the decisive factor in Vietnam’s ability to compete for international mega-events.

“You cannot attract ministers, government representatives, or the world’s 5,000 largest corporations by chance. They come because of deliberate planning and infrastructure development,” said Geoff Dickinson, CEO of dmg events, one of the world’s leading energy event organizers.

Infrastructure Scales Up

The rapid development of Vietnam’s event industry is increasingly being shaped by major private-sector investments.

Among the most prominent projects is the Vietnam Exposition Center (VEC) in Hanoi, developed by Vingroup. Covering 900,000 square meters, VEC has been positioned as one of Southeast Asia’s largest all-in-one exposition and event complexes.

Vingroup’s world-class organization and operational excellence have already been proven through legendary mega-events, most notably bringing G-Dragon’s “Übermensch” World Tour to Vietnam under the 8Wonder brand. Leveraging this proven expertise, VEC is designed to seamlessly execute the next generation of large-scale activations. Looking ahead, this operational blueprint will further expand across the Vingroup ecosystem, notably with the upcoming VEC Can Gio project in Ho Chi Minh City, the Blue Wave Theater—a 60,000-capacity venue set to become the largest in Southeast Asia.

Perspective view of the Blue Wave Theater—Southeast Asia's largest theater, located within the Vietnam Exposition Center in Can Gio, Ho Chi Minh City (VEC Can Gio).
Perspective view of the Blue Wave Theater—Southeast Asia’s largest theater, located within the Vietnam Exposition Center in Can Gio, Ho Chi Minh City (VEC Can Gio).

Jason Yan, Partner at M Square Capital, the investment fund behind the Ultra Worldwide EDM festival franchise, said VEC’s physical infrastructure and operational model meet the requirements for hosting global-scale productions.

“We are no longer only looking at festival organization. Success in this industry also depends on artist management and venue operations. Vingroup has clearly invested in building those capabilities,” he said.

Further ahead, the group is investing in mega-projects designed to elevate Vietnam’s position in the global event infrastructure landscape. These include the planned Hùng Vương Stadium, expected to open in 2028 with a capacity of 135,000 seats and designed to meet FIFA and international entertainment standards.

Another project, the 60,000-seat PVF Stadium, will feature a PTFE retractable roof capable of opening and closing within 12 to 20 minutes, addressing weather-related challenges for outdoor concerts and sporting events.

Beyond venue development, Vingroup has also assembled a broader ecosystem supporting the event industry.

Green SM operates more than 186,000 electric taxis and motorbikes across 34 provinces and four countries, helping support transportation and logistics for large-scale events and international delegations.

Vinpearl provides more than 16,100 hotel rooms and villas across major tourism and economic centers, alongside golf courses and VinWonders entertainment complexes, contributing integrated hospitality capacity for large events.

The ecosystem is further complemented by V-Spirit, an international event organizer; V-Culture Talent, a talent development organization; and VinPalace, a network of convention and culinary centers.

Together, policy reforms, private capital, and large-scale infrastructure investments are creating conditions that could significantly reshape Vietnam’s role in the global events industry.

“We believe this is Vietnam’s moment,” Dickinson said. “The combination of national ambition and world-class infrastructure has the potential to transform the country into a major destination for global events.”

Hashtag: #VEC

The issuer is solely responsible for the content of this announcement.

About the Vietnam Exposition Center (VEC)

The Vietnam Exposition Center (VEC) is Southeast Asia’s largest exhibition complex, covering more than 90 hectares. As a destination for major national and international events, VEC pursues the mission of “Bring Vietnam to the world and bring the world to Vietnam,” serving as a gateway where global excellence converges and Vietnamese identity reaches audiences worldwide, while contributing to the growth of key economic sectors and strengthening Vietnam’s position on the global stage.

Website:

Email: inquiry@vec.global

Vietnam: The New Destination for Billion-Dollar Events

The convergence of progressive policies and large-scale infrastructure developed by Vingroup is positioning Vietnam as a rising hub for the global events and experience economy.

HANOI, VIETNAM – Media OutReach Newswire – 28 May 2026 – Across the Asia-Pacific region, the experience economy is undergoing a major shift. In many established destinations, rising venue and accommodation costs are forcing 73% of event organizers to tighten budgets, according to Mordor Intelligence. At the same time, political uncertainties in several markets are prompting international investors to take a more cautious approach toward long-term commitments.

Vietnam Exposition Center (VEC) will be the destination for international exhibitions and world-class outdoor events in Vietnam.

Against this backdrop, Vietnam is increasingly drawing attention as a new destination for global exhibitions, live entertainment, and large-scale experiential events. Political stability, sustained economic growth, a young population with rising spending power, and coordinated efforts from both the government and the private sector are contributing to the country’s growing appeal.

This is “a golden opportunity” for Vietnam’s cultural industries, said Dr. Cấn Văn Lực, Chief Economist at BIDV, during the 2026 Exhibition, Event and Advertising Summit held at the Vietnam Exposition Center (VEC) on May 8.

According to Dr. Lực, Vietnam has maintained an average annual growth rate of 6.4% over four decades of the Doi Moi economic reform without experiencing a major economic crisis. Per capita income has now surpassed USD 5,000 and is projected to reach USD 8,500 by 2030, fueling demand for entertainment, sports, and live events.

Vietnam’s growing profile is also reflected in its position among the world’s Top 20 trading economies, Top 15 destinations for foreign direct investment, and its 29-place rise in the Index of Economic Freedom. These macroeconomic advantages are increasingly translating into tangible momentum for the country’s event industry.

Vietnam’s MICE sector is currently valued at approximately USD 6 billion, while the advertising market has reached USD 3.5 billion. The live entertainment industry alone has generated more than USD 50 million in revenue, supported by over 700 large-scale events annually and more than USD 1 billion in economic spillover from international visitors, according to data presented at the summit.

Much of this momentum is being driven by parallel advances in policy reform and infrastructure development.

Policy Reforms Open New Opportunities

As Vietnam enters a new phase of development, culture is increasingly being positioned as a strategic growth driver.

“Culture is not only the spiritual foundation of society, but is increasingly becoming an intrinsic resource, a development driver, and a source of national soft power,” Minister of Culture, Sports and Tourism Lâm Thị Phương Thanh said at the summit.

Earlier this year, the Politburo issued Resolution No. 80 on the development of Vietnamese culture, setting targets for cultural industries to contribute 7% of GDP by 2030 and 9% by 2045. The National Assembly also passed Resolution No. 28/2026/QH16, widely viewed as a significant step toward easing restrictions in the cultural, exhibition, and performance sectors by reducing barriers related to taxation, land access, and administrative procedures.

Key measures include a commitment to allocate at least 2% of the annual state budget to culture, establish a cultural venture investment fund, reduce VAT to 5%, and introduce tax incentives for exhibitions, performances, and sports-related activities. Policies encouraging the development of creative complexes with dedicated land and infrastructure incentives are also expected to accelerate industry growth.

If policy reforms are laying the groundwork, infrastructure is becoming the decisive factor in Vietnam’s ability to compete for international mega-events.

“You cannot attract ministers, government representatives, or the world’s 5,000 largest corporations by chance. They come because of deliberate planning and infrastructure development,” said Geoff Dickinson, CEO of dmg events, one of the world’s leading energy event organizers.

Infrastructure Scales Up

The rapid development of Vietnam’s event industry is increasingly being shaped by major private-sector investments.

Among the most prominent projects is the Vietnam Exposition Center (VEC) in Hanoi, developed by Vingroup. Covering 900,000 square meters, VEC has been positioned as one of Southeast Asia’s largest all-in-one exposition and event complexes.

Vingroup’s world-class organization and operational excellence have already been proven through legendary mega-events, most notably bringing G-Dragon’s “Übermensch” World Tour to Vietnam under the 8Wonder brand. Leveraging this proven expertise, VEC is designed to seamlessly execute the next generation of large-scale activations. Looking ahead, this operational blueprint will further expand across the Vingroup ecosystem, notably with the upcoming VEC Can Gio project in Ho Chi Minh City, the Blue Wave Theater—a 60,000-capacity venue set to become the largest in Southeast Asia.

Perspective view of the Blue Wave Theater—Southeast Asia's largest theater, located within the Vietnam Exposition Center in Can Gio, Ho Chi Minh City (VEC Can Gio).
Perspective view of the Blue Wave Theater—Southeast Asia’s largest theater, located within the Vietnam Exposition Center in Can Gio, Ho Chi Minh City (VEC Can Gio).

Jason Yan, Partner at M Square Capital, the investment fund behind the Ultra Worldwide EDM festival franchise, said VEC’s physical infrastructure and operational model meet the requirements for hosting global-scale productions.

“We are no longer only looking at festival organization. Success in this industry also depends on artist management and venue operations. Vingroup has clearly invested in building those capabilities,” he said.

Further ahead, the group is investing in mega-projects designed to elevate Vietnam’s position in the global event infrastructure landscape. These include the planned Hùng Vương Stadium, expected to open in 2028 with a capacity of 135,000 seats and designed to meet FIFA and international entertainment standards.

Another project, the 60,000-seat PVF Stadium, will feature a PTFE retractable roof capable of opening and closing within 12 to 20 minutes, addressing weather-related challenges for outdoor concerts and sporting events.

Beyond venue development, Vingroup has also assembled a broader ecosystem supporting the event industry.

Green SM operates more than 186,000 electric taxis and motorbikes across 34 provinces and four countries, helping support transportation and logistics for large-scale events and international delegations.

Vinpearl provides more than 16,100 hotel rooms and villas across major tourism and economic centers, alongside golf courses and VinWonders entertainment complexes, contributing integrated hospitality capacity for large events.

The ecosystem is further complemented by V-Spirit, an international event organizer; V-Culture Talent, a talent development organization; and VinPalace, a network of convention and culinary centers.

Together, policy reforms, private capital, and large-scale infrastructure investments are creating conditions that could significantly reshape Vietnam’s role in the global events industry.

“We believe this is Vietnam’s moment,” Dickinson said. “The combination of national ambition and world-class infrastructure has the potential to transform the country into a major destination for global events.”

Hashtag: #VEC

The issuer is solely responsible for the content of this announcement.

About the Vietnam Exposition Center (VEC)

The Vietnam Exposition Center (VEC) is Southeast Asia’s largest exhibition complex, covering more than 90 hectares. As a destination for major national and international events, VEC pursues the mission of “Bring Vietnam to the world and bring the world to Vietnam,” serving as a gateway where global excellence converges and Vietnamese identity reaches audiences worldwide, while contributing to the growth of key economic sectors and strengthening Vietnam’s position on the global stage.

Website:

Email: inquiry@vec.global

Qrent Says Delaying Information Technology (IT) Refresh Cycles May Be Increasing Operational Risk For Businesses In Africa

As rising hardware costs and supply chain instability continue to pressure IT budgets, organisations are increasingly turning to refurbished technology to maintain continuity and financial flexibility

JOHANNESBURG, South Africa, May 27, 2026/ — Qrent (www.Qrent.co.za
[6]), a provider of  IT asset management and sustainable refurbished
technology solutions, says organisations that continue delaying
technology refresh cycles in an effort to protect budgets may be
exposing themselves to greater operational and continuity risk.

The warning comes as global hardware costs continue to rise amid ongoing
supply chain disruption and increased demand for AI infrastructure..

According to Gartner, memory pricing is expected to increase
significantly, with DRAM forecast to rise by 125% and NAND by 234%,
contributing to widespread increases in IT hardware costs globally.

Kwirirai Rukowo, Managing Executive (MEA) at Qrent, says many
organisations are being forced into difficult procurement decisions as
financial pressure intensifies across the market.

“Businesses are facing a growing imbalance between operational demand
and available budget. Projects are being delayed, refresh cycles are
being extended and procurement decisions are increasingly being driven
by cost pressure rather than operational requirements. The role of IT is
not to wait for perfect market conditions, it is to keep the
organisation running regardless of them.” says Rukowo.

“While these decisions may appear financially responsible in the short
term, they often create greater long-term risk by reducing agility,
delaying deployment and placing strain on ageing infrastructure.”

Qrent says refurbished technology is increasingly being adopted as a
practical solution that allows organisations to maintain continuity
while managing rising procurement costs and hardware shortages.

Unlike new hardware procurement, refurbished technology is less exposed
to manufacturing delays, semiconductor allocation challenges and
international shipping constraints, allowing businesses to deploy
infrastructure more quickly and predictably.

Also read: https://brandspurng.com/2026/05/28/afrima-au-celebrate-emerging-african-talents-at-diamond-party/

The company says refurbished enterprise-grade devices also offer
organisations greater financial flexibility by lowering upfront costs
while maintaining the performance required for most business
environments and workloads.

“Most organisations do not require the latest hardware specifications
to maintain productivity. What matters most is having reliable
technology available when the business needs it,” says Rukowo.

In addition to long-term procurement strategies, refurbished devices are
increasingly being used as short-term rental and bridging solutions
where new hardware lead times become impractical.

Qrent says this approach enables organisations to continue operating and
scaling without placing additional pressure on already constrained
capital budgets.

The company believes the broader market shift toward lifecycle
extension, refurbishment and circular technology models will continue
accelerating as organisations prioritise cost optimisation,
sustainability and operational resilience.

“Waiting for pricing or supply chains to stabilise is no longer a
strategy. Businesses that adopt more flexible sourcing and lifecycle
management approaches will be significantly better positioned to
maintain continuity and respond to changing market conditions,” says
Rukowo.

“Refurbished technology is no longer simply an alternative option. In
the current market, it has become an important mechanism for enabling
business continuity and smarter technology investment.”