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Closing of the Second Edition of the Global Labor Market Conference: Milestone Achievements and International Agreements to Shape the Future of Work

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RIYADH, Saudi Arabia, Jan. 31, 2025 /PRNewswire/ — The Global Labor Market Conference (GLMC) 2025 successfully concluded its Second Edition at the King Abdulaziz International Conference Center in Riyadh, following two days of insightful discussions and agreements to develop the future of work. The event brought together a distinguished international audience, with over 10,000 participants, 40 labor ministers, and more than 200 global experts and speakers representing over 100 countries, reinforcing GLMC’s role as a dynamic global platform shaping the future of work.

 

 

After the opening ceremony, H.E. Eng. Ahmed bin Sulaiman Al-Rajhi, Minister of Human Resources and Social Development, delivered the keynote speech, where he unveiled the Global Labor Charter. This groundbreaking initiative was announced following a high-level Ministerial Roundtable, involving 40 labor ministers from around the world, and introduces eight key pillars, including youth workforce integration, readiness for digital transformation, investment in human capital, and enhanced collaboration between governments and industries to foster innovative, and employment-driven solutions.

Further solidifying the conference’s impact, H.E. Al-Rajhi announced the launch of the Labor Market Academy, a GLMC collaborative initiative with the World Bank and Takamol Holding, aimed at equipping future labor market leaders with advanced policymaking expertise. The academy’s inaugural cohort will include 30 participants, with plans to scale up to 600 participants within three years, fostering global knowledge exchange and policy innovation for adaptive labor markets.

Additionally, the conference introduced two GLMC Policy Labs, developed in partnership with the World Bank which served as dedicated platforms for critical discussions on labor market transformation. The Active Labor Market Programs (ALMPs) Lab focused on integrating youth into the workforce through tailored employment initiatives, while the Sectoral Skills Councils (SSCs) Lab is designed to enhance private sector involvement in skills development and workforce planning.

As a key driver of global labor market transformation, GLMC facilitated the signing of 70 memorandums of understanding (MOUs) and strategic agreements between government entities and private sector leaders, directly impacting over 300,000 individuals. These agreements focus on enhancing workforce skills, expanding employment opportunities, fostering innovation in labor policies, and strengthening global partnerships—all in alignment with Saudi Vision 2030 and GLMC’s mission to create resilient and adaptive labor markets.

In this context, several significant MOUs were signed between the public and private sectors, marking strategic partnerships aimed at strengthening the labor market, improving training and employment opportunities, developing skills, and empowering national talent across key sectors. Notable collaborations included the Ministry of Tourism, Takamol Holding, INSEAD, UiPath, Proven Arabia, BVIS, and the Saudi Digital Academy—each contributing to the advancement of education, workforce efficiency, and skill development.

In line with its commitment to research and analysis, GLMC unveiled an international report titled “Making Labor Markets Work for the Youth”, developed in collaboration with the World Bank. The report offers a comprehensive examination of economically inactive youth aged 15-24, exploring the economic and social implications of their disengagement from the labor market, and presents a strategic framework to tackle this issue, highlighting successful case studies and actionable solutions.

Over two days, 40-panel discussions were held, featuring 200 global speakers who explored key topics such as the impact of artificial intelligence and emerging technologies on employment, demographic shifts in labor markets, bridging the skills gap, and strategies to empower youth and promote green jobs. Sessions brought together distinguished figures from the public and private sectors, international organizations, and leading academics, fostering innovative solutions to enhance labor market sustainability.

Recognized as one of the most influential global platforms in global labor development, GLMC continues to cement its position as a premier international hub, bringing together governments, private sector leaders, global institutions, and thought leaders to facilitate knowledge exchange, analyze labor market trends, and design forward-thinking policies to keep pace with the rapid transformations in the world of work.

The success of the Global Labor Market Conference 2025 underscores Saudi Arabia’s dedication to shaping the future of work, driving innovation, and fostering global labor market progress. By strengthening partnerships and focusing on policy advancement, the conference sets the stage for a resilient, inclusive global workforce. GLMC’s transition into a year-round knowledge hub ensures ongoing collaboration and impactful action, reinforcing the Kingdom’s commitment to sustainable labor markets and advancing Saudi Vision 2030 through human capital development.

 

 

 

SOURCE Global Labor Market Conference

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LYKSTAGE Launches Patented Video Platform That Pays Creators and Viewers — Now Live Across Five Countries

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MUMBAI, India, April 20, 2026 /PRNewswire/ — LYKSTAGE, a video-sharing platform owned by LYK Inc., a Delaware-based entity, and founded by New York-based entrepreneur Adris Chakraborty, is redefining how the creator economy works — with a patented monetization model no other platform can legally replicate.

Built by a technology team in India under Manhattan Tech Ventures, LYKSTAGE runs on a patented Watch-Time Monetization Model that fundamentally changes who earns from video content. Creators earn whenever their content’s watch time gets monetized — no subscriber minimums, no waiting periods, and no thresholds to cross before earning begins.

What makes the model unprecedented is that viewers earn too. Logged-in viewers are rewarded whenever their watch time gets monetized — when they watch content uninterrupted and the ad served during viewing is fully consumed. When that happens, the creator earns, the viewer is rewarded, and the platform earns. Every reward is funded by actual ad revenue — not venture capital subsidies. The model is entirely self-sustaining.

The platform serves both skippable and non-skippable ads, determined by an ad server algorithm that optimizes based on viewing patterns and content traction. For advertisers, impressions are served intelligently — matching the right ad format to the right moment, delivering higher completion rates and genuine attention.

LYKSTAGE is now live across five markets — India, the United States, the United Kingdom, Canada, and the UAE — and available on Samsung TV, LG TV, Roku, Apple TV, Android TV, Amazon Fire TV, desktop, mobile web, and native apps on both the App Store and Google Play Store.

Adris Chakraborty, a Kolkata-born Columbia Business School alumnus based in the US since 2003, co-founded Mediamorphosis Advertising & Technology Inc. in New York in 2006 with his spouse and business partner Poulami Mukherjee. The company expanded to the UK in 2012, followed by Manhattan Communications in India — building a multicultural advertising group spanning five countries with over 100 clients, providing LYKSTAGE with built-in advertiser relationships and market intelligence.

The platform has crossed over one million users across all markets, with more than 20,000 creators on board and growing across all five countries — achieved with minimal paid marketing.

LYKSTAGE is a transparent, patented system where the people who create the value are the ones who earn from it.

Sign up at:
Android – https://play.google.com/store/apps/details?id=com.lykstage.app
Apple – https://apps.apple.com/in/app/lykstage-video-streaming/id6754064834

Logo: https://mma.prnewswire.com/media/2960187/LYKSTAGE_Logo.jpg

 

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Towngas and Tencent forge strategic partnership to drive “Energy + Tech” smart digital transformation

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HONG KONG, April 20, 2026 /PRNewswire/ — The Hong Kong and China Gas Company Limited (Towngas) and Tencent have signed a strategic partnership agreement in Hong Kong. The two companies will collaborate extensively on unified cloud resource management, digital platform development, large artificial intelligence (AI) models and applications, customer engagement enhancement, and R&D tool synergy. Together, they aim to drive the smart digital transformation of the energy sector.

The partnership dates back to 2020, when Towngas Lifestyle, the extended business division of Towngas, first teamed up with Tencent Cloud. In 2021, Towngas Energy, the Group’s renewable energy arm, worked with Tencent Cloud to build a smart energy ecosystem, which currently supports over a hundred integrated energy projects for the business segment. In 2023, Towngas Lifestyle and Tencent Cloud entered into a comprehensive strategic partnership spanning cloud platforms, big data, AI, and customer engagement, delivering one-stop lifestyle solutions to 46 million household customers across Hong Kong and the Chinese mainland. This latest agreement marks a comprehensive, group-level strategic partnership between Towngas and Tencent. It is designed to pool their resources, achieve cross-divisional synergy, drive quality and efficiency gains, and accelerate AI innovation.

Over the past six years, this collaboration has yielded remarkable results. Powered by Tencent Cloud, Towngas Lifestyle has upgraded the digital foundation and driven application innovation for its Towngas Lifestyle Cloud (TLC) platform. Furthermore, leveraging Tencent Cloud’s TBDS (Tencent Big Data Suite), it built the Towngas Analytics Platform (TAP), which currently supports big data applications for over 70 affiliated city-gas companies as well as its Hong Kong operations.

In terms of AI applications, Towngas Lifestyle has capitalised on Tencent’s AI computing power and large model technology to launch innovative tools such as smart safety inspections and AI service agents, significantly boosting the efficiency of frontline staff at gas companies. To better serve its customers, the company has deeply integrated Tencent’s WeCom to improve customer outreach. On the R&D front, Towngas Lifestyle has widely adopted Tencent’s AI development tools to streamline workflows. Moreover, the partners have successfully replicated their mainland successes in Hong Kong, completing the cross-border deployment of the TAP platform and advancing the upgrade of the city’s business systems.

Mr Peter Wong Wai-yee, Managing Director of Towngas, said: “Tencent’s leading position in AI and digital technology is obvious to all. Since 2020, the two parties have established a strong partnership, expanding from Towngas Lifestyle’s extended business to cooperation on the smart energy platform for the renewable energy segment, and gradually extending from the mainland to Hong Kong. As an enterprise with a 164-year history, Towngas has grown to possess a customer base of over 120 million since entering the mainland gas utility business in 1994. Facing such a massive number of customers, data security is of paramount importance. How to build a secure and efficient system for management and service has become a critical issue for business development. We are confident in joining hands with Tencent to co-build a secure and efficient digital system, comprehensively elevate the customer service experience and operational efficiency, and jointly pioneer more possibilities for ‘Energy + Tech’.”

Mr Dowson Tong, Senior Executive Vice President of Tencent and CEO of Tencent Cloud and Smart Industries Group, stated that as a household brand in Hong Kong, Towngas’s “customer-centric” service philosophy aligns closely with Tencent’s corporate mission of “Value for Users, Tech for Good”. Over the past six years, Tencent has engaged in deep collaboration with multiple segments under Towngas, empowering businesses with technology to achieve precise operations. Tencent looks forward to taking this exchange as a new starting point, further consolidating the “Cloud + AI” technological foundation based on existing cooperation, and deeply integrating Tencent’s digital capabilities with Towngas’s rich application scenarios. Through technological innovation, the goal is to achieve better customer service delivery and enhance operational efficiency, exploring a new path to sustainable development for the smart upgrade of the energy industry while ensuring data security and user privacy.

Looking ahead, the two companies will continue to deepen their collaboration in migrating core businesses to the cloud, co-building digital platforms, deploying large models and AI applications, and enhancing customer engagement. This will not only deliver a superior experience for gas customers but also set a benchmark for the high-quality transformational development of the energy industry.

 

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SOURCE Tencent Cloud

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DMEGC Solar Achieves EcoVadis Gold Medal, Underscoring Its Commitment to ESG Excellence

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JINHUA, China, April 20, 2026 /PRNewswire/ — On April 15, DMEGC Solar, a global leader in magnetic materials and renewable energy solutions, achieved a milestone breakthrough in sustainable development. With outstanding performance in environmental protection, social responsibility, and other key areas, the company earned a Gold Medal from the internationally recognized rating agency EcoVadis, scoring 82 points. This places DMEGC Solar in the top 3% of all rated companies worldwide, surpassing 97% of participants.

EcoVadis is a globally leading sustainability assessment platform, having rated over 150,000 companies across more than 250 industries and 185 countries. Its evaluation framework covers 21 indicators across four core themes: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement. The platform aims to assess the sustainability performance and social responsibility of companies within global supply chains.

DMEGC Solar participated in the assessment at the group level rather than as a single factory, demonstrating outstanding strength across all four dimensions. In the Labor & Human Rights dimension, the company has established a comprehensive employee rights protection system, strictly implemented occupational health and safety standards, and promoted employee development and career growth, ranking in the top 1% of its industry.

In the Sustainable Procurement dimension, the company has built a full-chain green supply chain management mechanism, collaborating with core suppliers to create a “cooperative carbon reduction” ecosystem. Initiatives such as packaging material recycling, green electricity usage, and localized collaborative production have enabled a low-carbon, traceable supply chain, also ranking in the top 1% of the industry.

Coupled with strong performances in environmental governance and business ethics, the company achieved an impressive score of 82, surpassing 97% of evaluated companies and earning the Gold Medal. This distinction places DMEGC Solar at the top in the global solar module manufacturers to receive such recognition.

This Gold Medal rating will for sure strengthen the company’s competitiveness in overseas markets. On one hand, its industry-leading ESG performance helps meet policy requirements related to sustainable supply chains, enhancing both the premium pricing of its products in international markets and its ability to secure orders. On the other hand, this recognition will boost customer and partner trust in the company’s brand, supporting the expansion of market share for its core products—such as photovoltaic modules, residential energy storage systems, and magnetic materials—while consolidating its market leadership.

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