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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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VNET Announces Changes to Leadership Team

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BEIJING, April 20, 2026 /PRNewswire/ — VNET Group, Inc. (Nasdaq: VNET) (“VNET” or the “Company”), today announced that Mr. Qiyu Wang has resigned from his position as VNET’s Chief Financial Officer for personal reasons, effective April 30, 2026. Mr. Wang’s resignation is not due to any disagreement with the Company, nor does it relate to the Company’s operations, policies, practices, accounting matters, or procedures.

Mr. Josh Sheng Chen, Founder, Executive Chairperson and Interim Chief Executive Officer of VNET, commented, “On behalf of the Company, I would like to thank Qiyu for his contributions during his tenure. His financial discipline and strategic insight have been instrumental to the Company’s growth. We wish him every success in his future endeavors.”

In February 2026, the Company announced the appointment of Mr. Peter Zhihua Zhang as Senior Vice President, Operational Finance of VNET, to oversee the Company’s financial operations and to serve as the Company’s “principal accounting officer” in accordance with applicable U.S. federal securities laws, SEC rules, and Nasdaq requirements. Since joining VNET in 2019, Mr. Zhang has demonstrated extensive expertise in multiple key roles within the Company’s finance operations.

About VNET

VNET Group, Inc. is a leading carrier- and cloud-neutral internet data center services provider in China. VNET provides hosting and related services, including IDC services, cloud services, and business VPN services to improve the reliability, security, and speed of its customers’ internet infrastructure. Customers may locate their servers and equipment in VNET’s data centers and connect to China’s internet backbone. VNET operates in more than 30 cities throughout China, servicing a diversified and loyal base of over 7,000 hosting and related enterprise customers that span numerous industries ranging from internet companies to government entities and blue-chip enterprises to small- to mid-sized enterprises.

Safe Harbor Statement

This announcement contains forward-looking statements. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “target,” “believes,” “estimates” and similar statements. Among other things, quotations from management in this announcement as well as VNET’s strategic and operational plans contain forward-looking statements. VNET may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about VNET’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: VNET’s goals and strategies; VNET’s liquidity conditions; VNET’s expansion plans; the expected growth of the data center services market; expectations regarding demand for, and market acceptance of, VNET’s services; VNET’s expectations regarding keeping and strengthening its relationships with customers; VNET’s plans to invest in research and development to enhance its solution and service offerings; and general economic and business conditions in the regions where VNET provides solutions and services. Further information regarding these and other risks is included in VNET’s reports filed with, or furnished to, the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and VNET undertakes no duty to update such information, except as required under applicable law.

Investor Relations Contact:

Xinyuan Liu
Tel: +86 10 8456 2121
Email: ir@vnet.com

View original content:https://www.prnewswire.com/news-releases/vnet-announces-changes-to-leadership-team-302747154.html

SOURCE VNET Group, Inc.

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Steven Rivera Appointed Chief Revenue Officer of NRI North America

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NEW YORK, April 20, 2026 /PRNewswire/ — Nomura Research Institute (NRI), a leading global provider of consulting and technology services, today announced that Steven Rivera has been appointed Chief Revenue Officer (CRO) for North America.

In this role, Rivera will oversee revenue-related functions across the region, including sales, marketing, demand generation, strategic partnerships, and client engagement.

Rivera brings more than 26 years of experience to the role, having held sales and marketing leadership positions within the cybersecurity, managed services, and consulting sectors. Over the course of his career, he has led the development of integrated go-to-market strategies and supported organizations in strengthening client relationships and operational alignment.

Prior to joining NRI, Rivera served as Chief Revenue Officer at Logically, where he was responsible for coordinating revenue functions across sales, marketing, client support, and pricing. His work focused on improving organizational alignment and supporting consistent business performance.

“Steven’s experience across revenue leadership and his background in cybersecurity and consulting are well-aligned with our priorities in North America,” said Toshi Oiwa, Chief Executive Officer of NRI North America. “We believe his perspective will contribute to the steady advancement of our regional capabilities and support our efforts to further deepen relationships with our clients over the long term.”

Rivera’s areas of expertise include enterprise sales leadership, revenue operations, cloud and cybersecurity solutions, and financial planning. He also brings experience in security consulting, risk analysis, program management, and governance, risk & compliance (GRC).

About NRI

In North America, NRI is a business and technology solutions consultancy. Guiding our clients from insight to execution, we design and deliver solutions that fuel growth, grow profitability, and result in lasting innovation. NRI has more than 16,000 employees in 16 countries and regions including New York, London, Tokyo, Hong Kong, Singapore, and Australia. NRI reports annual sales above US $4.8 billion and is rated “A” by S&P Global Ratings Japan. Learn more at www.nri-na.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/steven-rivera-appointed-chief-revenue-officer-of-nri-north-america-302746068.html

SOURCE NRI

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Ionic Digital Announces March 2026 Mining and Operations Update

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AUSTIN, Texas, April 20, 2026 /PRNewswire/ — Ionic Digital Inc. (“Ionic Digital” or the “Company”), a digital infrastructure company supporting the expanding needs of AI and high-performance computing, today issued its unaudited Mining and Operations Update for March 2026.

In March, Ionic Digital mined 28.05 Bitcoin (“BTC”), a decrease of 14.9% compared to the prior month. The Company’s site production varied in line with strategic adjustments, following fleet consolidation.

The decline in production was driven by a 19.4% decrease in average hashrate and a 6.8% reduction in network block production, partially offset by a 3.3% decline in the global hashrate. Ionic’s share of the global hashrate declined 16.6% month-over-month to 0.21%, reflecting a sharper reduction in company output relative to the total network.

At our four Midland sites, production was 24.26 BTC, a 4.7% month-over-month increase, as the most efficient miners from the Oklahoma GXD facility came online at Midland. At GXD, production was 3.79 BTC, a planned decrease of 61.2% month-over-month due to continued de-racking and reduced operational contribution.

The daily average hashrate was 2.04 EH/s, down 19.4% compared to the prior month, due to the discontinuation of the GXD hosting contract and removal of miners (-62.5%), while Midland remained relatively stable (-1.2%).

Ionic Digital continues to maintain its zero-debt position and liquidated no BTC in March. As of March 31, 2026, the Company held 2,815.6 BTC, an increase of approximately 28.2 BTC over the prior month.

Key Mining and Operating Metrics Summary

Metric

March 2026

Capacity (MW)1

112.0

Efficiency (J/THs)2

29.1

Daily Average Hashrate (EH/s)3

2.04

BTC Mined4

28.05

Average BTC Mined/Day5

0.90

BTC Sold

0.0

BTC Holdings6

2,815.6

Total current energy available at the four Midland sites, representing a change in previous reporting.
Previous reporting only measured total current capacity for mining activities available at hosted and directly
owned sites.Represents the capabilities of active miners during the reporting period.The reported hashrate is derived from internal performance data. Hashrate values reflect miner downtime
and curtailment.Gross BTC mined of 28.05 BTC. No hosting fees were paid in BTC for March 2026.Average BTC/Day in the prior month was 1.18.BTC Holdings excludes 0.9 BTC earned but in transit as of month-end, a change of -0.2 BTC from prior
month. The BTC balance at the end of the prior month was 2,787.4 BTC.

About Ionic Digital 
Ionic Digital Inc. is a digital infrastructure company that develops strategic powered land assets for data centers, high-performance computing (HPC) and cryptocurrency mining. Learn more at www.ionicdigital.com or follow us on X and LinkedIn.

View original content to download multimedia:https://www.prnewswire.com/news-releases/ionic-digital-announces-march-2026-mining-and-operations-update-302746771.html

SOURCE Ionic Digital Inc.

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