Latest news with #GEM
Yahoo
13 hours ago
- Entertainment
- Yahoo
GEM dismisses old label's legal threats over rerecorded songs
20 Jun - GEM has recently dismissed her former label's statement that she has no right to release a rerecorded versions of her old songs for her album, "I AM GLORIA". On 18 June, Hummingbird Music issued a statement saying that the company has the recording producer's rights and the copyright of the lyrics and music, meaning that GEM has violated their rights and should remove the song within 48 hours or face legal consequences. In response to the legal threats, GEM posted an official statement from her own company, which stated that the singer had entrusted the dissemination rights to CASH (Composers and Authors Society of Hong Kong Ltd) even before she was signed with Hummingbird. Further clarifying the issue in the caption section of her Instagram, she wrote, "After talking to my team of lawyers, we all laughed helplessly. Actually, I don't know what else I have to respond to because the legal basis for my re-recording is very sufficient." "This re-recording is strictly in accordance with the legal permission of our country, and I also paid the necessary remuneration according to the law. What's more, the broadcast rights to all of my works have been managed by the CASH Association since I was 14 years old (before I met Hummingbird), so these re-recorded versions are legally available worldwide. Therefore, I won't be taking down the songs." She then reminded Hummingbird that they have yet to settle all legitimate royalties owed to her from October 2018 to present day. "Also, can you settle the lawful service fees for the approximately six months before my contract termination in 2019, which also have not been paid to this day? Much appreciated, thank you," she added. (Photo Source: GEM IG)
Watani
a day ago
- Business
- Watani
Official opening of Grand Egyptian Museum postponed
The official opening of the Grand Egyptian Museum (GEM), the world's largest museum for Egyptian antiquities, has been postponed to the last quarter of the year 2025, Egypt's Ministry of Tourism and Antiquities announced in a press release posted on on its website and Facebook page. The grand opening had been scheduled for 3 July 2025. The decision to postpone the official opening was taken In light of the current regional developments, the press release explained. It said that a new date for the official opening would be set and announced in due course, following coordination with all relevant authorities. The objective is to ensure the organisation of an event that reflects Egypt's prominent cultural and tourism status on the international stage. 'This decision,' the press release read, 'also stems from Egypt's national responsibility and its commitment to present a truly exceptional global event in a climate worthy of the grandeur of Egypt's civilisation and unique heritage, and in a way that ensures broad international participation aligned with the significance of the occasion. 'The Grand Egyptian Museum will continue to welcome visitors as part of its soft opening phase until the newly scheduled date for the official inauguration later this year.' Watani International 16 June 2025 Comments comments Tags: Grand Egyptian Museum opening postponedSanaa' Farouk
Forbes
a day ago
- Business
- Forbes
Forbes' Richest Self-Made Women In The World 2025
It's never been a better time for women entrepreneurs – at least by the numbers. There are now an estimated 658 million female founders and company owners worldwide, compared to 772 million men, per the Global Entrepreneurship Monitor. Nearly two-thirds are early stage entrepreneurs, compared to less than half of their male counterparts. 'Women's entrepreneurship is the number one policy solution to things like health deficits and education deficits,' says Amanda Elam, who authored GEM's latest Women's Entrepreneurship Report. 'The types of businesses women start are [also in locations that are] fun to live in. And it turns out companies like to build their operations in places like that. So in international development, there's been this awakening.' As a nod to the triumphs and challenges for this cohort, for the first time ever, Forbes has compiled a standalone global ranking of the world's 50 richest self-made women. These ceiling breakers—who have made their fortunes in everything from collagen to coal—hail from 13 nations and four continents (there are currently none from Africa or South America). Altogether they are worth $276 billion, or $5.5 billion on average. That's $10 billion less than what the top 50 were worth at their peak in 2021, but $158 million higher than in 2017 – the first year Forbes tracked that many self-made women. The richest self-made woman in the world is Swiss shipping magnate Rafaela Aponte-Diamant, with a net worth of $38.8 billion. She and her husband Gianluigi Aponte started and co-own the Mediterranean Shipping Company, now the world's largest shipping line, with over 136,000 employees, 900 vessels and 675 offices. Rafaela started the Mediterranean Shipping Company with a $200,000 loan, which the couple used to finance their first ship and eventually expanded to a fleet of 17 in nine years. At 80, she's still in charge of designing the interiors and decorations of ships and sits on the board of the MSC foundation, the company's philanthropic arm. At a distant number two is America's Diane Hendricks, (estimated net worth: $22.3 billion) cofounder of ABC Supply, one of the biggest distributors of roofing, siding and more. She is one of 18 Americans in the top 50, including such high profile women as Oprah Winfrey and Sheryl Sandberg. Admission to this elite, 50-member club is $2.1 billion, meaning high profile executives and entrepreneurs like SpaceX's Gwynn Shotwell, Spanx's Sara Blakely, Kim Kardashian and Taylor Swift simply aren't rich enough—for now. China, including Hong Kong, also has 18 citizens on the list, the richest of whom is Zhong Huijuan. Based in China's Jiangsu province and reportedly a former chemistry teacher, Zhong started Hansoh Pharmaceuticals in 1995 and got her big break four years later with Gainuo, a first-line drug for advanced lung cancer. Traded in Hong Kong, and boasting $1.7 billion in annual revenue, Hansoh specializes in treatments for oncology, anti-infections and autoimmune diseases. China has long been a leader in terms of women entrepreneurs. 'In the Chinese tradition, women are accustomed to wielding significant power and influence,' Ming-Jer Chen, a professor at the University of Virginia and an expert on East-West businesses, wrote in a 2020 article, which also noted that Chinese word for 'wife' is pronounced the same as the word for equal, 'qi.' Nearly half the list – 24 women – hail from Asia-Pacific, followed by North America with 20 and Europe with six. Aussie Melanie Perkins, who cofounded design software firm Canva in 2013, is the youngest of the bunch, at age 38. Next youngest is Russia's Tatyana Kim (49), a former English teacher who went on to found her nation's largest online retailer, Wildberries. These women operate in 14 industries but their most common route to wealth has been technology, with 14 deriving their fortunes from that sector. The richest among this group is Zhou Qunfei (estimated net worth: $10 billion), who chairs Hunan-based Lens Technology, a maker of touch screens whose customers include Apple, Samsung and Tesla. A former migrant factory worker, she founded the precursor to the company in 1993 and has grown the business to more than 136,000 employees and $9.5 billion in annual sales. The next most common industry, with just five, is retail, and includes two cofounders of China's fast fashion juggernaut Shein. While more women are moving into entrepreneurship than ever before, there is still a vast gap between men and women in terms of their level of success, at least as measured by their personal net worths. The world's 50 richest self-made men are worth $3.8 trillion, 14 times as much as the 50 wealthiest females. Altogether there are 1,920 men across the globe who have built billion-dollar fortunes, more than 18 times as many as women. The planet's self-made billionaires are worth a collective $11.2 trillion. Men—led by the likes of Elon Musk, Larry Ellison and Mark Zuckerberg—hold $10.8 trillion of that wealth, or 96%, leaving the most successful women around the globe with just 4% of the pie. Still there is plenty of reason for optimism, starting with the fact that self-made women now make up 3.5% of the entire billionaire set, a small percentage but about 50% higher than their share back in 2017. To compile net worths, Forbes valued individual assets including stakes in public companies using stock prices from June 13, 2025. We valued private companies by consulting with outside experts and conservatively comparing them with public companies. To be eligible for the list, women have to have substantially made their own fortunes. While none inherited their wealth, some climbed farther and overcame more obstacles to get into the ranks.
South China Morning Post
a day ago
- Entertainment
- South China Morning Post
‘China's Taylor Swift' G.E.M. announces 3 shows at Hong Kong's Kai Tak Stadium
Hong Kong singer Gloria Tang Tsz-kei, also known as G.E.M. and dubbed 'China's Taylor Swift', will perform three shows at Kai Tak Stadium in August as part of the second edition of her 'I AM GLORIA' world tour. Advertisement According to Tang's announcement on Instagram, the concerts are scheduled for between August 15 and 17, with tickets priced between HK$680 (US$86) to HK$1,780. It will be the first time that Tang, who is popular in mainland China and Hong Kong, has held a concert in the city since 2017. 'Hong Kong, I have come back,' Tang said in the post. 'August 15 to 17, it is my birthday week, see you at Kai Tak.' Online travel company Klook has been designated a priority ticket sale outlet for the shows. Fans will be able to purchase tickets and packages via its mobile application from midday on June 25. Advertisement Born in 1991, Tang earned the nickname 'China's Taylor Swift' due to similarities with the American pop star, with both known for writing their own songs, often about love and romance.
Euronews
2 days ago
- Business
- Euronews
Report reveals huge solar power potential of abandoned coal mines
Converting abandoned or soon-to-close coal mines into solar farms could provide enough power to meet the demands of a country the size of Germany, according to a first-of-its-kind analysis. Researchers from Global Energy Monitor (GEM) have identified 312 surface coal mines that have been shut since 2020, sprawling over 2,089 square kilometres (km²). Its Global Coal Mine Tracker (GCMT) finds that a further 3,731 km² of mine land is set to be abandoned by operators before the end of 2030 as reserves are run down. In total, that means an estimated 446 coal mines and 5,820 km² of abandoned land that could be repurposed for solar projects and generate nearly 300 GW of renewable energy. That's a huge amount - equivalent to around 15 per cent of globally installed solar capacity today. 'The legacy of coal is written into the land, but that legacy does not have to define the future,' says Cheng Cheng Wu, project manager for the Energy Transition Tracker at GEM. 'The coal mine to solar transition is underway, and this potential is ready to be unlocked in major coal producers like Australia, the US, Indonesia and India,' Wu adds. China is currently leading the pack on coal-to-solar projects. It has 90 such conversions up and running, with a capacity of 14 GW, and 46 more projects in the pipeline. The next four major coal producers above hold nearly three-quarters of the global potential for coal-to-solar transitions, the analysts found. In Europe, the report singles out Greece - which is 'exceptionally well-suited' for turning old coal mines into solar plants. An average solar potential of 4.45 kilowatts per square meter (kW/m²), a fast-approaching coal phaseout goal of 2026, and a supportive financing environment as an EU member state all make Greece ripe for this transition. In Western Macedonia in northern Greece, companies have already set to work creating solar parks in the boundaries of the former Amynteo opencast lignite mine. And the country's EU-funded national recovery plan Greece 2.0 has set aside €175 million to support more solar projects in Central Macedonia. Given the global goal of tripling renewables capacity by 2030, derelict coal mines present a sizable opportunity for the clean energy transition. But the benefits don't stop there. 'Acquiring land for global renewable energy targets has been rife with conflicts among stakeholders and decision-makers,' acknowledges Hailey Deres, researcher at GEM. Developers are busy exploring overlooked sites for panels - from roadsides to reservoirs and railway tracks - and old coal mines are a particularly fitting location. 'So repurposing degraded lands could provide salient new benefits to former coal communities across the planet,' she continues. 'Repurposing mines for solar development offers a rare chance to bring together land restoration, local job creation, and clean energy deployment in a single strategy,' adds Wu. 'With the right choices, the same ground that powered the industrial era can help power the climate solutions we now urgently need.' In total, the analysts estimate that 259,700 permanent jobs could be created at coal-to-solar transition sites, and another 317,500 temporary and construction jobs. That's more than the number of workers the coal industry is expected to shed globally by 2035. Old coal mines are often just left as a scar on the landscape, but this approach also provides an economic incentive for reclamation and cleaning up the mess left after mining. 'We've seen what happens in coal communities when companies go bankrupt, axe the workers, and leave a mess behind,' says Ryan Driskell Tate, associate director at GEM. 'But mined-out coalfields harbour huge potential for powering a clean energy future. It's already happening. We just need the right mix of incentives to put people to work building the next generation of solar in coal country.'
