Lambda, a leading provider of AI cloud infrastructure, has secured £380 million in its latest Series D funding round, pushing its total equity to £684 million. The investment marks a significant milestone in Lambda’s mission to expand its cloud platform and enhance AI capabilities across industries. The company’s CEO, Stephen Balaban, emphasized the transformative potential […]
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For two decades, the President’s Emergency Plan for AIDS Relief (PEPFAR) has been a cornerstone of U.S. foreign aid, delivering life-saving HIV treatment and prevention to millions in low-income countries. Its bipartisan success story stands as one of the most impactful U.S. foreign assistance programs in history. However, as funding and operations face uncertainty, a […]
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Health Net Federal Services (HNFS), a contractor responsible for administering the Department of Defense’s TRICARE health insurance program, has agreed to pay an $11 million settlement over allegations of cybersecurity violations and false claims of compliance. The settlement, which includes $5.6 million in restitution, resolves a series of claims brought by the U.S. government accusing […]
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Fourteen years of conflict have unravelled nearly four decades of economic, social and development progress. Today, nine out of 10 Syrians are living in poverty, and one in four is jobless. The report warns that at current growth rates, the economy will not regain its pre-conflict GDP level before 2080, or 55 years from now. […]
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The US Cybersecurity and Infrastructure Security Agency (CISA) and the FBI have raised alarms over an ongoing global ransomware campaign attributed to Chinese cybercriminals, operating under the name “Ghost” (also known as Cring). This sophisticated operation has already compromised organizations in over 70 countries. The Ghost ransomware group, active since 2021, has targeted sectors critical […]
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Australia has launched a bold initiative to position itself as a leader in the green iron and low-carbon steel sectors, with the unveiling of a A$1 billion ($636 million) Green Iron Investment Fund. This investment is part of the country’s broader effort to decarbonize the steel industry, stimulate economic growth, and protect local jobs, especially […]
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OpenAI’s rapid expansion has sparked significant speculation about a potential public offering as investor interest soars. The company’s CFO Sarah Friar revealed to CNBC that OpenAI is currently experiencing “incredible interest” from investors, driven by the impressive trajectory of its valuation. Growth and IPO Prospects Friar pointed to the US$11 billion revenue milestone as a […]
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Climate Fund Managers (CFM) has launched a new initiative, the Climate Investor Three (CI3) fund, aimed at accelerating the energy transition and green hydrogen projects in emerging markets. With an initial €150 million in commitments, CI3 seeks to harness both public and private sector investments to drive large-scale climate solutions, particularly in Namibia and South […]
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Since its launch in 2015, Cisco’s Country Digital Acceleration (CDA) program has become a powerful force for change across the globe. With initiatives in over 50 countries, the program has helped shape solutions that address critical societal challenges through the power of technology. By fostering collaboration between governments, businesses, and academic institutions, Cisco has successfully […]
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Pakhshan Azizi, a dedicated humanitarian worker from Iran’s Kurdish minority, is at imminent risk of execution after being sentenced to death for her peaceful advocacy on behalf of displaced women and children in northeast Syria. Azizi’s conviction of “armed rebellion” stems from her human rights work, despite no evidence of violence or illegal activity. Following […]
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