Category Archives: Business

Bengaluru to Host One of India’s Largest Climate-Data Gatherings as Bangalore Climate Data Week 2026 Brings 30+ Events Together

Bengaluru, October 07, 2026: The first edition of Bangalore Climate Data Week (BLR-CDW) 2026 will be a city-wide platform focused on accelerating the implementation of data and AI to help solve real-world climate challenges. The week-long convening will be held from the 12th to the 16th of October 2026 with 30+ partner-led events hosted across Bengaluru. This is an initiative by the Climate Collective Foundation (CCF), convened in association with Google as Anchor Partner and Karnataka Digital Economy Mission (KDEM), Karnataka Innovation and Technology Society (KITS), and Startup Karnataka as State Innovation Partners.

BLR-CDW is expected to bring together over 2,000 attendees, including researchers, climate tech founders, investors, policymakers, corporates, technologists, and practitioners. The programme is organised as a city-wide series of events, with ecosystem organisations hosting their own summits, workshops, working sessions, networking sessions, startup pitches, and climate career fairs. This is an opportunity for organisations working at the intersection of climate, data, and AI to form collaborations.

“India has very strong communities in climate technology and data but they often operate in silos,” says Nalin Agarwal, Co-Founder, CCF. He adds, “BLR-CDW as an initiative intends to encourage collaborations between stakeholders across climate and data. Our intent is to create more intersections – from applying AI for industrial decarbonisation and anticipating climate risks efficiently to deploying more solutions at scale and building a strong climate workforce. We want to bring together people from different backgrounds, and we expect the conversations to continue well beyond the Week.”

Google’s involvement during the Week will reinforce the AI, data, and climate technology convergence. Google is also the Anchor Partner for the AI for Climate Tech Summit 2026, the flagship event of BLR-CDW, in addition to co-hosting the AI for Resilience Tech Summit 2026 along with CCF.

Jaya Dhindaw, Executive Program Director – Sustainable Cities – WRI India said: “We are at a critical inflection point when it comes to data. On one hand, we have unprecedented volumes of information, on the other, we are navigating a sea of misinformation and fragmented datasets that often obscure rather than guide decision-making. The value of such data is even greater in the contentious space of climate action where credible, transparent evidence can serve as an anchor for building consensus, driving accountability, and guiding investment. At WRI India, we help cut through the noise by turning complex data into actionable analysis and tools. Our hope is to share this knowledge with others, so we can work together to achieve positive ecosystem shifts.”

BLR-CDW 2026 is joined by Climate Change AI, the Coalition for Disaster Resilient Infrastructure (CDRI), and the U.S.-India Business Council (USIBC) as Strategic Partners. Additionally, the Centre for Study of Science, Technology and Policy (CSTEP), Data.org, Net-zero Energy Transition Association (NETRA), UC Davis Global South Center for Clean Transportation Institute of Transportation, Vasudha Foundation, and WRI India are the Knowledge Partners. MathWorks and Salesforce are also supporting this edition of BLR-CDW as Technology Partners. With different stakeholders coming together, the convening will cover themes across climate risk modelling and decision-support tools, clean technologies in buildings and data centres, circular economy; resilience; and clean mobility.

Speaking about BLR-CDW 2026, Dr Indu K Murthy, Sector Head, Climate, Environment and Sustainability, CSTEP, said, “India’s climate risks are hyperlocal—a drought in one district, a flood in another, and a heat wave that hits differently depending on who you are and where you live. Generic global models cannot capture this granularity, which is why building India-specific, decision-ready climate data and intelligence is not optional but foundational to resilience. Robust climate data and intelligence are integral to credible, actionable policy, and the Bangalore Climate Data Week is a timely platform to strengthen that foundation together.” 

Programme highlights

●      AI for Climate Tech Summit 2026: The Week’s flagship event, convening founders, investors, policymakers, scientists, corporates and ecosystem leaders to discuss how AI can help develop climate solutions.

●      AI for Resilience Tech Summit: An event, co-hosted by Google and CCF, exploring how AI can support better risk assessment, preparedness, and decision-making across high-risk sectors.

●      Industry Net Zero Innovation Summit – AI Edition: A convening on AI and climate innovation for industrial decarbonisation.

●      She Wins Climate – South Asia: Startup Showcase 2026: A pitch platform for women-led climate startups, alongside a networking session for women working in data and climate.

●      The Climate Table: A conversation among CXOs, investors, philanthropists, and ecosystem leaders on how finance can scale climate solutions.

●      Climate Jobs Fair: A curated career fair for students and professionals to connect with climate tech startups for internships, jobs, and career opportunities.

Bangalore Climate Data Week 2026 will take place across Bengaluru from 12 to 16 October 2026. 

RBI Raises Repo Rate by 25 Bps to 5.50% Amid Rising Inflation and Global Uncertainty

New Delhi, Oct 7: The Reserve Bank of India (RBI) on Wednesday raised the benchmark repo rate by 25 basis points to 5.50 per cent, marking a significant shift in its monetary policy stance amid rising inflation, elevated crude oil prices and growing global economic uncertainties.

The decision was taken by the six-member Monetary Policy Committee (MPC) headed by RBI Governor Sanjay Malhotra after a three-day review of the domestic and global economic situation.

Following the hike, the Standing Deposit Facility (SDF) rate has been adjusted to 5.25 per cent, while the Marginal Standing Facility (MSF) rate and Bank Rate have been raised to 5.75 per cent.

Inflation, Crude Prices Drive Rate Decision

The RBI’s decision comes against the backdrop of intensifying inflationary pressures and a sharp rise in international crude oil prices, with benchmark prices moving above $100 a barrel amid the ongoing West Asia crisis.

The central bank had maintained the repo rate at 5.25 per cent for an extended period. The latest increase marks the first hike since February 2023, according to the policy assessment.

The MPC’s decision also reflects concerns over the global inflation outlook, with major central banks facing renewed pressure to tighten monetary policy.

Inflationary Risks Mount

India’s retail inflation has been moving higher, with Consumer Price Index (CPI) inflation rising to 4.82 per cent in August from 4.45 per cent in July.

Economists have warned that inflationary pressures could strengthen further due to higher energy costs and weather-related risks. Strong El Niño conditions and below-normal rainfall during October could also affect Rabi crop production, potentially adding to food-price pressures.

Rising global bond yields and tighter financial conditions have further complicated the RBI’s policy choices.

SBI Research Backs Pre-Emptive Action

SBI Research had projected a 25-basis-point rate increase, citing broadening inflationary pressures, worsening global macroeconomic conditions, changing liquidity dynamics and renewed repricing of risks in international markets.

“It would be prudent for us to act pre-emptively rather than be behind the curve,” SBI Research economists said.

With inflation approaching the 5 per cent mark and global uncertainties persisting, economists expect monetary policy to remain closely focused on price stability in the coming months.

The latest rate increase underscores the RBI’s effort to contain emerging inflation risks while navigating a volatile global economic environment.

KFON Connectivity Strengthens in Kozhikode; Connections Cross 17,000

Kozhikode, Oct  07, 2026: The number of KFON connections in Kozhikode has crossed 17,000, reflecting the growing acceptance of KFON services among households, offices, commercial establishments and government institutions.

The district currently has a total of 17,233 KFON connections, of which 13,744 are household (FTTH) connections. KFON has also provided 964 connections to economically disadvantaged families in the district.

The expansion of KFON connectivity also covers key IT and business destinations in Kozhikode, including Govt Cyberpark Kozhikode, UL Cyber Park and HiLITE Business Park, supporting seamless and reliable internet access for businesses and institutions. 

Offering high-speed and reliable internet services at affordable rates, KFON has been playing a key role in strengthening digital connectivity across Kozhikode. By extending broadband services to households and institutions, KFON has helped expand access to digital connectivity across the district.

KFON also provides free or affordable internet services to economically disadvantaged families and government institutions, helping expand access to digital services. The optical fibre network spread across various parts of the district, along with the support of Local Network Providers, has further contributed to the expansion of services.

New household connections can be registered through the ‘Ente KFON’ mobile app or the KFON website. Registrations can also be made by calling the toll-free number 1800 570 4466. For more information on KFON plans and offers, visit KFON website or send a WhatsApp message with “KFON Plans” to 90616 04466.

Chakli, meet Schezwan: Chheda’s and Ching’s bring the OG snack pack a first ever combo

Mumbai, 07th October, 2026: Some food combinations are planned in research laboratories, others simply happen and become rituals.  Chheda Specialities Foods Private Limited brings to you one such combination of two familiar favourites –  Chheda’s Chakli and Ching’s Secret Schezwan Chutney  as the ‘OG Snack Pack’.

The idea comes from a simple consumer truth: pairing the crunch of traditional chakli with the spicy, garlicky kick of Schezwan chutney. It is a combination that has found its way into homes, offices and snack breaks over the years, particularly in western India. The collaboration now takes that familiar pairing to consumers across the country in one convenient pack, the Chheda’s Chakli + Ching’s Schezwan Chutney pack will be available across all leading quick-commerce platforms such as Blinkit, Swiggy Instamart, Zepto, and modern trade, general trade outlets across India.

Commenting on the launch, Dharmik Chheda, Director, Strategy & Operations, Chheda Specialities Foods Private Limited, said, “Some of the best food combinations don’t come out of a boardroom; consumers create them . Chakli with Schezwan chutney is one of those pairings we have seen people enjoy for years. So, instead of trying to invent something new, we thought, why not give an existing favourite its moment? Chheda’s and Ching’s are both familiar names in Indian households, and bringing the two together felt like a very natural progression. It’s simple, fun and, most importantly, genuinely delicious.”

With the launch, the brands are putting the spotlight on something Indian consumers have long been good at – finding their own unexpected food combinations and making them stick.

IMF-World Bank Annual Meetings: Debt, energy and climate crises loom large in Bangkok

IMF–World Bank Annual Meetings in Bangkok to Test Global Finance Response to Energy, Debt and Climate Pressures

BANGKOK, October 7, 2026: Just weeks after devastating floods hit Bangkok, the Thai capital is set to become the centre of global economic policymaking as finance ministers, central bankers and development leaders gather for the IMF–World Bank Annual Meetings from October 12 to 18.

The meetings come at a critical moment for the global economy, with countries facing a combination of fossil-fuel supply disruptions, rising debt burdens, higher financing costs and increasingly severe climate impacts. For many emerging and developing economies, particularly in Asia, limited fiscal space is making it harder to respond to immediate shocks while continuing to invest in long-term development.

Coming after Bangkok Climate Action Week, the Annual Meetings are expected to put international financial institutions (IFIs) and their shareholders under pressure to demonstrate how finance can be mobilised for economic investment, climate resilience and energy security.

The discussions will also carry significance ahead of COP31 in Antalya and the next replenishment of the World Bank’s International Development Association (IDA), the institution’s concessional financing arm for the world’s poorest countries.

Asia’s energy security takes centre stage

Bangkok’s hosting of the meetings will place Asia’s economic transformation firmly in the spotlight. Nearly three decades after the Asian Financial Crisis, Southeast Asia has emerged as an important engine of global growth, investment and job creation.

However, geopolitical volatility and energy-market disruptions are creating new vulnerabilities. Asia accounts for more than half of global emissions and has a large share of the world’s operating and planned coal capacity, while simultaneously driving a significant portion of the global clean-energy transition.

China has emerged as a major force in clean-energy manufacturing and deployment, while countries across the region are rapidly expanding renewable power, electrification and energy infrastructure.

The region’s dependence on imported oil and gas, particularly supplies from the Middle East, has also exposed economies to price shocks and supply disruptions. For governments dealing with high import bills, inflation and debt pressures, accelerating clean electrification is increasingly being viewed not only as a climate strategy but also as an energy-security and economic-resilience priority.

The Bangkok meetings could therefore see greater attention on country-led investment plans that connect energy security, economic resilience and climate objectives with commercially viable investment pipelines.

Climate finance under scrutiny

Climate finance is expected to be another major issue. Developing economies face rapidly increasing adaptation and resilience requirements, while many of the countries most vulnerable to climate impacts have limited access to affordable finance.

The meetings will provide an important test of how the IMF, World Bank and other multilateral development banks respond to countries simultaneously confronting debt distress and climate risks.

Key discussions are expected to centre on affordable finance, debt sustainability, resilience, concessional funding and the ability of multilateral development banks to mobilise additional private capital.

A major question will be how scarce concessional finance is allocated. Least developed countries and small island developing states often face particularly difficult financing conditions, with commercial borrowing either prohibitively expensive or potentially adding to already unsustainable debt burdens.

Mobilising private capital remains a challenge

While international financial institutions have increasingly highlighted private capital mobilisation, the focus in Bangkok is expected to shift from headline figures to the practical mechanisms required to unlock investment.

These include guarantees, risk-sharing instruments, project preparation facilities, policy support and local-currency financing.

Multilateral development banks will face pressure to demonstrate that these instruments actually attract additional private capital and improve financing conditions for developing economies.

The challenge is even greater in lower-income and fragile and conflict-affected countries, where political, currency and credit risks can discourage private investors.

IMF faces growing energy-transition questions

The International Monetary Fund is also expected to face questions about how it incorporates climate and energy risks into its macroeconomic assessments.

Climate-related disasters and physical risks are increasingly recognised as threats to fiscal stability and economic growth. However, the macroeconomic implications of the transition away from fossil fuels remain more contested.

For vulnerable economies, the ability to withstand shocks without sacrificing long-term investment will be crucial. Timely liquidity support, effective debt restructuring and pre-arranged crisis financing could help countries avoid allowing temporary energy or climate shocks to turn into prolonged development crises.

Pressure for measurable results

Another major theme will be accountability. As climate finance commitments grow, governments and institutions are likely to face increasing demands to demonstrate not simply how much money has been committed, but what that money has achieved.

This includes measuring improvements in clean-energy access, protection of infrastructure and livelihoods, and the distribution of benefits among women, poorer households and vulnerable communities.

The World Bank’s climate strategy will receive particular attention. In June 2026, the Bank extended its Climate Change Action Plan following difficult shareholder negotiations, while retiring its headline 45% climate-finance target.

The focus will now shift toward how the Bank demonstrates climate ambition through actual investments and measurable outcomes.

A broader financial agenda

The Bangkok meetings could also influence the global financial agenda beyond 2026. The final G20 Finance Ministers and Central Bank Governors Meeting of the year is scheduled to take place in Bangkok alongside the Annual Meetings.

Although climate has received less prominence in the formal G20 agenda in 2026, debt, energy security and economic resilience remain closely connected to the global financial outlook.

With the United Kingdom scheduled to assume the G20 presidency in 2027, discussions in Bangkok could help shape priorities for the next phase of international economic cooperation and build momentum toward future climate negotiations.

Experts call for stronger action

Jurei Yada, Associate Director, Finance and Resilience at E3G, said the meetings would be closely watched for signs that the international financial system can help countries strengthen energy security and resilience amid growing volatility.

“Amid a backdrop of multilateral fragmentation, eyes will be on the IMF and World Bank to see how countries can drive the conditions and finance to achieve energy security and resilience in the face of significant volatility,” Yada said.

Salvatore Serravalle, Programme Lead, Global Macro and Finance Resilience at E3G, warned that energy shocks could worsen existing debt and development challenges.

“The energy shock must not become a debt and development crisis,” Serravalle said, arguing for stronger liquidity support, debt restructuring and pre-arranged crisis finance.

Seleha Lockwood, Programme Lead, Public Banks and Development at E3G, stressed the need for public finance to leverage greater private investment while ensuring concessional resources reach the most vulnerable communities.

Danny Scull, Senior Policy Advisor, Public Banks and Development at E3G, said the World Bank would now need to demonstrate its climate ambition through tangible outcomes following the retirement of its headline climate-finance target.

The IMF–World Bank Annual Meetings in Bangkok therefore arrive at a pivotal moment. Beyond discussions about interest rates, debt and growth, the meetings will test whether the global financial architecture can adapt to an era in which energy security, climate resilience, development finance and economic stability are increasingly inseparable.

Johan Sverdrup Crude Hits Record US$24/bbl Premium to Brent as Saudi Pipeline Suspension Tightens European Medium-Sour Supply

LONDON/HOUSTON/SINGAPORE, 7 October 2026 – As Saudi Arabia’s suspension of its East-West pipeline drives medium-sour crude prices above US$140/bbl and European refiners scramble for alternatives, a new Wood Mackenzie analysis finds Johan Sverdrup crude has hit a record US$24/bbl premium to Brent, putting field partners on course for a cashflow windfall of up to US$7.1 billion in 2026 against a US$500 million forecast made at the start of the year.

European refiners, including Poland’s Orlen, expect October Saudi cargoes to be disrupted. Johan Sverdrup, with 0.8% sulphur content, is a natural substitute for those barrels. Buyers bid aggressively for the North Sea grade, driving its price from a typical 3% discount to Brent to a record US$24/bbl premium. As Western Europe’s largest producing oil field and the source of around one third of Norway’s oil output, Sverdrup had the volume and crude quality to fill part of the gap.

Wood Mackenzie’s cashflow analysis is based on published price deck assumptions and field-level production data. At the start of 2026, combined company cashflow from Johan Sverdrup was forecast at US$500 million, based on a 2026 Brent price of US$62.90/bbl and a 3% discount on Sverdrup crude. These are gross pre-distribution cashflow figures at the field level. On the Q3 price of US$85/bbl, that figure rises to US$3.6 billion. If current prices hold through year-end, producing a full-year average of US$111.50/bbl, cashflow reaches US$7.1 billion. Each dollar per barrel adds approximately US$130 million. These projections are Wood Mackenzie estimates and have not been independently verified by the field’s operator or partners.

Norway’s public finances stand to gain significantly as tax receipts from the field are set to rise by US$3 billion to US$4 billion above Wood Mackenzie’s Q1 2026 forecast of US$12 billion. With around 50% of taxes paid the following year, 2027 state revenues are also in line for a boost. Those figures exclude the benefit flowing to the state through Petoro’s 16.94% direct interest in the field and its 67% shareholding in Equinor.

“The numbers here are clear, but so is the conditionality,” said Ross McGavin, Senior Research Analyst, Europe Upstream, Wood Mackenzie. “If current prices hold through year-end, Johan Sverdrup partners are looking at US$7.1 billion in cashflow against a US$500 million forecast made less than nine months ago. Even on our more conservative Q3 price deck of US$85/bbl, the figure is US$3.6 billion. The H2 question is whether the crude premium holds as refiners and Saudi Arabia respond. What is not in doubt is the structural point: Sverdrup’s production resilience and its deep integration into European refining supply chains have made it the default alternative for the continent when North African or Middle Eastern supply is disrupted. That role is unlikely to diminish.”

H1 2026 production averaged 690 kboe/d, 12% above Wood Mackenzie’s base-case forecast of 616 kboe/d, despite the field being expected to decline between 10% and 20% over the year. Full-year output could finish 4% above current estimates depending on how production performs in H2, implying a 12% year-on-year decline rather than 15%. That outperformance adds a further US$500 million to US$1 billion to company cashflows. Both projections remain conditional on H2 price and production outcomes.

For Aker BP, which owns a 31.72% stake, the financial turnaround is the sharpest among the listed partners and is potentially material to its investor guidance. Heavy capital commitments to its Yggdrasil development had been expected to push 2026 cashflow slightly negative. At current prices, Wood Mackenzie estimates the company is on track for a US$1.5 billion net cash inflow, a shift that investors and analysts will be watching against the company’s published outlook. Equinor (42.63%), Petoro (16.94%) and TotalEnergies (8.72%) share the remaining uplift.

Key details:

• 2026 combined cashflow (Wood Mackenzie estimate): US$500 million (start-of-year forecast, Brent at US$62.90/bbl) rising to US$7.1 billion (current-price scenario, full-year average US$111.50/bbl). Gross, pre-distribution, field-level figures
• Norwegian state tax uplift (Wood Mackenzie estimate): US$3–4 billion above the Q1 2026 forecast of US$12 billion; approximately 50% of taxes paid in the following year; excludes benefit via Petoro equity and Equinor shareholding
• Aker BP 2026 cashflow (Wood Mackenzie estimate): Shift from slightly negative to US$1.5 billion net cash inflow; investors should cross-reference against Aker BP’s published guidance
• Full-year production: Could be 4% above current estimate depending on H2 decline trajectory; implies 12% year-on-year decline vs. forecast 15%

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BIScience Partners with Maiden Century to Bring Global Web Traffic Data to IDEA

The partnership integrates BIScience global web traffic intelligence into Maiden Century’s IDEA platform, expanding KPI modeling and forecasting across hundreds of public companies and global markets.

NEW YORK, NY, Oct 07. BIScience, a global leader in digital and behavioral data intelligence, today announced a strategic data partnership with Maiden Century, a technology and analytics infrastructure provider for institutional investors and alternative-data providers. Through the partnership, BIScience global web traffic data is now available on Maiden Century’s IDEA platform, giving investors a new source of digital demand intelligence for company and KPI forecasting.

The new BSC TRFC dataset measures sessions and unique visitors across digital properties behind hundreds of publicly traded companies. Built on BIScience’s global human panel of 35 million opt-in users, the data is delivered weekly at the aggregate sub-domain level on a four-day lag. Maiden Century maps each property to the public companies that own or monetize it and models the associated business KPIs.

The initial integration covers 776 merchant properties mapped to 399 public-company tickers across 25 exchanges, including 116 companies listed outside the United States. It supports 887 distinct KPIs across 3,307 mappings, with 44 percent tied to segment, regional, or brand-level business lines.

“A decade ago web traffic told you something about a company’s marketing. Today, for a large share of the companies we cover, it is the transaction – the booking, the sign-up, the checkout, the renewal,” said Jack Killea, Head of Data Strategy & Partnerships at Maiden Century. “As more revenue moves onto digital properties, measuring those properties accurately stops being a supplementary signal and starts being a primary one. That shift is why we keep investing in this category, and why we’re thrilled to formally partner with BIScience and have their web traffic data on the IDEA platform.”

Initial backtesting in IDEA shows the dataset’s potential as a forecasting signal. Across 1,548 comparable ticker-and-KPI pairs, BSC TRFC ranked first on 178 and within the top two on 385, against a median comparison set of six datasets. On non-US listings, it ranked first on 19 percent of contested pairs, compared with 10 percent for US listings. Across the trailing reporting period, it also came closer to the reported company figure than sell-side consensus on 60 reporting events spanning 50 companies.

“Digital behavior increasingly reflects business performance directly,” said Assaf Toval, Co-Founder and General Manager at BIScience. “By combining BIScience’s large-scale, real-world behavioral data with Maiden Century’s company mapping and KPI forecasting capabilities, this partnership gives investors a powerful way to translate digital activity into actionable financial intelligence.”

BIScience’s web traffic methodology is grounded in real human behavior collected through its global opt-in panel and normalized to produce comparable estimates across markets, devices, and digital properties.

RBI Raises Repo Rate To 5.50 percent, Signals Calibrated Tightening Amid Inflation Risks

 By Umesh Sharma, CIO – Debt, The Wealth Company Mutual Fund

“ The RBI raised the repo rate by 25 bps to 5.50% and changed its stance to calibrated tightening, with the Governor saying rate cuts are off the table for now. This was the first hike since February 2023. The RBI raised its FY27 growth forecast to 7.1% and inflation forecast to 5.2%, while core inflation is now seen at 4.4%. The move came as oil prices rose above $100, the monsoon was weak and global central banks tightened. The rate hike was expected, but the stance change was a mild surprise. The 10-year G-Sec yield rose 3-4 bps, and shorter-term yields rose 5-10 bps. We expect 2-3 more hikes in this cycle, as inflation is above target and global yields keep rising. Each policy meeting remains live. We continue to expect accrual strategies to perform well under these conditions, however investors with longer time horizon could look to add duration to their portfolio in a staggered manner “

Noatum Logistics Launches a New Global Fairs & Events Logistics Business Line

Photo caption: From left to right, Derek Cassidy, Vice President, Global Fairs & Events Product Management; Lars Pohlmann, Senior Vice President, Global Head of Fairs & Events; Luke Wrigley, Head of Global Operational Process and Head of UK; and Ozkan Aksoy, Head of Global Business Solutions and Head of Benelux.

Barcelona/ Hamburg/ Abu Dhabi, UAE – 07 October 2026: Noatum Logistics, an AD Ports Group company (ADX: ADPORTS) and global provider of integrated logistics services, has launched Fairs & Events Logistics as a dedicated business, bringing together industry experience and established capabilities to better serve customers across international exhibition markets. The business will operate with its own leadership team, product organisation and growth strategy. 

The company’s vision is to build a leading global Fairs & Events Logistics business line. By working closely with customers, organisers and venues, Noatum Logistics aims to integrate logistics more strategically into the planning and delivery of exhibitions, supported by precise planning, consistent local execution and experienced teams with deep operational expertise. The approach goes beyond traditional freight forwarding to deliver integrated, tailored services and a consistent customer experience worldwide. 

Thorsten Meincke, Executive Vice President, Air & Ocean Freight, Noatum Logistics, said: “The demands on logistics for fairs and events are becoming more complex. As organisers and exhibitors expect seamless execution across multiple markets, demand is growing for a truly international provider. We see a clear opportunity to combine specialised exhibition expertise with the scale and reach of our global network, helping customers deliver increasingly sophisticated events consistently across borders.”  

The new organisation will be led by an international management team comprising Lars Pohlmann, Senior Vice President, Global Head of Fairs & Events; Derek Cassidy, Vice President, Global Fairs & Events Product Management; Luke Wrigley, Head of Global Operational Process and Head of UK; Christine Pan, Head of Greater China; and Ozkan Aksoy, Head of Global Business Solutions and Head of Benelux. Together, the team brings a wealth of exhibition logistics experience and long-established industry relationships rarely assembled within a single organisation.  

Lars Pohlmann, Senior Vice President and Global Head of Fairs & Events, Noatum Logistics, said: “Exhibition logistics depends on precise planning, reliable local execution and experienced teams on site. Customers need partners who understand the operational realities of events and can deliver consistently across markets. Our goal is to build one coordinated global organisation for customers across the world’s major exhibition markets. We are investing in the people, structure and capabilities needed to support that growth.” 

In addition to its new leadership team, the company brings extensive experience to the sector through its established UAE-based Fairs & Events Logistics business, which has served as the preferred logistics partner for major global events, including the International Defence Exhibition and Conference (IDEX) and the Naval Defence & Maritime Security Exhibition (NAVDEX). The experience and track record gained through these events underpin the company’s ability to extend a proven service model to customers worldwide. 

At launch, teams will be based in Germany, the United Kingdom, Greater China, Benelux, the United Arab Emirates and Iberia, supported by Noatum Logistics’ wider operational network. 

The business will focus on strengthening its capabilities, expanding customer relationships, and delivering exceptional value to exhibitors, organisers and venues worldwide.

Nayax Enters US Fuel Retail Through Distribution Partnership with Allied Electronics, Inc.

HERZLIYA, Israel, Oct 07 – Nayax Ltd. (Nasdaq: NYAX; TASE: NYAX), a global commerce enablement, payments, and loyalty platform, today announced a distribution partnership with Allied Electronics, Inc. to bring Nayax Fuel’s VPOS Media 5 outdoor payment solution to fuel retailers across the United States.

The US fuel market operates at exceptional scale, with convenience stores generating over $450 billion in fuel sales in 2025 and selling an estimated 80% of the fuel Americans buy, according to the National Association of Convenience Stores (NACS). Drivers increasingly pay for that fuel by card, which now represents 81% of transactions at the pump, up from 64% a decade ago. That shift has made modern payment infrastructure at the pump a necessity for US fuel retailers, central to how they serve customers.

This partnership meets that need by bringing Nayax payment infrastructure to US fuel retailers alongside Allied, a partner retailers know and trust. Allied has served the retail petroleum industry since 1978, and its systems, including the NeXGen PRIME forecourt controller, operate at tens of thousands of locations nationwide. Nayax Fuel, a dedicated vertical within the Nayax group, extends that foundation with a comprehensive portfolio spanning payment at the dispenser, forecourt control, and station management, building on the successful integration of OTI PetroSmart and Roseman.

“Allied and Nayax share an important focus on making the forecourt work better for retailers,” said Eli Bar, General Manager, Nayax Fuel. “Allied is one of the most respected names in US fuel retail, and our payment technology and solution give its customers a fuel-specific option built to meet the same high standard.”

 

 “The US fuel industry is moving through a modernization cycle, and operators need both reliable forecourt systems and modern payment solutions at the pump,” said Bob Danford, Director of Engineering & Development at Allied Electronics, Inc. “Nayax complements our solutions with a purpose-built payment terminal backed by global payments infrastructure, allowing us to deliver the complete package to retailers together.”

Nayax Fuel will present its fuel retail solutions at the NACS Show, October 7-9, 2026, at the Las Vegas Convention Center. Visitors can find Nayax at booth C6385.