Baccarat Hotel & Residences Maldives Unveils New Campaign featuring Adriana Lima

Baccarat Hotel & Residences Maldives Unveils New Campaign featuring Adriana Lima

A new visual campaign captures the vision of unique island living, through light, water and Baccarat’s world of crystal – shot by world-renowned photographer Russell James

DUBAI, UAE, Oct. 23, 2026 /PRNewswire/ — Baccarat Hotel & Residences Maldives unveils a new brand campaign starring internationally renowned model Adriana Lima, offering a cinematic interpretation of residential ownership and the distinctive way of life imagined for Baccarat’s first island in the Maldives.

Shot against the natural landscape of the Indian Ocean, by iconic photographer Russell James, the campaign explores the interplay between light, water and nature and Baccarat’s world of crystal, craftsmanship and French artistry. Across a series of intimate visual moments, Lima brings to life the rituals of residential living in the Maldives – from quiet mornings and time spent with family to swimming, exploring and gathering together by the water – from the luxury of your own home.

At its heart, the campaign presents how owning a residence in the Maldives can be a way of life, rather than simply a place to stay. The residences are conceived around the rhythms of the Maldivian landscape, with the natural environment providing the backdrop to everyday life. All 62 turnkey residences, ranging from two to five bedrooms, embody the maison’s timeless sophistication with light-filled interiors that bring the outside in. Expansive layouts with 20-metre private infinity pools, dual outdoor showers, fire pits for starlit gatherings, personal yoga pavilions, and fully equipped bars for seamless al fresco indulgence create the idyllic island lifestyle.

For the first time, the campaign reveals the Maldives’ only golf residences. A collection of five homes situated around the island’s private nine-hole golf course, curated entirely for those who embrace daily active living to the backdrop of the Maldives’ most desirable settings.

Russell James is a globally recognized fine art and fashion photographer known for expertly capturing human experience and the true essence of places and people. Russell James comments: “The extraordinary beauty of Adriana immersed in the perfect nature of the Maldives is one of the most authentic and logical photographic series I have had the pleasure to create.” 

Baccarat Hotel & Residences Maldives comprises a collection of five islands across 125 acres in the South Malé Atoll, with 62 private residences and 50 villas enveloped by the Indian Ocean. As the first Baccarat-branded residences in the Indian Ocean, the project carries over 250 years of the Maison’s heritage and artistry. Designed by world-renowned partners including 1508 London, HKS, L’Observatoire International, and Marcel Wanders, the destination embodies timeless sophistication and contemporary craftsmanship.

The new campaign featuring Adriana Lima is now live on baccaratmaldivesresidences.com | @baccaratmaldivesresidences.

Baccarat Hotel & Residences Maldives is managed by Starwood Hotels, the property offers a curated lifestyle of culinary excellence and holistic wellbeing, with seven specialty restaurants led by Michelin-starred chefs, a state-of-the-art spa and wellness center, and an array of sports and leisure facilities. Every detail reflects Baccarat’s enduring commitment to the art of living beautifully. 

Adriana Lima shot by Russell James for Baccarat Residences Maldives.

Adriana Lima shot by Russell James for Baccarat Residences Maldives.

Baccarat Residences Maldives.

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Baccarat Hotel & Residences Maldives Unveils New Campaign featuring Adriana Lima

Odisha Woos Global Investors at India Chem 2026, Eyes Chemical-Led Industrial Growth

Mumbai/Bhubaneswar, Oct 23: Odisha Chief Minister Mohan Charan Majhi has invited domestic and international investors to explore opportunities in the state’s chemicals and petrochemicals sector, pitching Odisha as a promising destination for downstream manufacturing, specialty chemicals and emerging industrial value chains.

Odisha Woos Global Investors at India Chem 2026, Eyes Chemical-Led Industrial Growth

 Pic Credit: x.com/IPR_Odisha

Addressing the CEO Roundtable at India Chem 2026 in Mumbai on Thursday, Majhi outlined the state government’s vision of transforming Odisha from a predominantly mineral-driven economy into a chemical-led industrial hub. The roundtable was chaired by Union Chemicals and Fertilizers Minister Jagat Prakash Nadda.

The Chief Minister highlighted Odisha’s port infrastructure, refinery capacity, industrial feedstock availability, established manufacturing base and connectivity to domestic and international markets as key advantages for prospective investors.

He also assured industry representatives that the state would work closely with companies throughout the investment process, from site selection and infrastructure development to regulatory approvals, project execution and commercial operations.

Paradip, Dhamra and Gopalpur in Focus

Odisha’s investment strategy centres on leveraging its coastal infrastructure and industrial clusters to attract new chemical and petrochemical projects.

Majhi identified Paradip, Dhamra and Gopalpur as potential destinations for port-based industries, while Angul and Dhenkanal offer opportunities for projects seeking proximity to metals, coal, power and established industrial consumers.

The state’s existing industrial ecosystem, including steel, aluminium, fertiliser and mining units, provides a substantial potential market for industrial gases, process chemicals, specialised coatings, refractories and water-treatment products.

Odisha is seeking to build on these demand centres by encouraging downstream manufacturing and developing supplier networks that can support both existing industries and new investments.

The state’s 15-million-tonne-per-annum refinery at Paradip, the Paradip Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR), Indian Oil Corporation’s refinery and petrochemical complex, and the Plastic Park at Paradip form important elements of this strategy.

These facilities are expected to support investment opportunities in polymers, packaging, technical textiles and other petrochemical-based products.

Odisha Woos Global Investors at India Chem 2026, Eyes Chemical-Led Industrial Growth

Infrastructure and Faster Approvals on the Agenda

Emphasising the need for a supportive industrial ecosystem, Majhi said the state was working towards facilitating shared infrastructure, including common effluent treatment plants, logistics and storage facilities, utility corridors, pipeline connectivity and deep-sea discharge systems, depending on project requirements.

The government also intends to coordinate statutory approvals through a collaborative approach involving the Industries Department, Industrial Promotion and Investment Corporation of Odisha (IPICOL), Odisha Industrial Infrastructure Development Corporation (IDCO), the State Pollution Control Board and other relevant agencies.

The aim is to improve coordination and provide investors with greater clarity on project timelines and regulatory requirements. Locations with pre-approved environmental clearances, including at Gopalpur, could also help expedite project development, subject to applicable statutory conditions.

Push for Specialty and Green Chemicals

The Chief Minister encouraged companies to consider investments across a range of emerging and established segments, including coal-to-chemicals, coal-gasification derivatives, specialty chemicals, fluorochemicals, battery materials, advanced polymers, refrigerants and green-chemical value chains.

He reiterated the state government’s willingness to welcome industries, including red-category industrial units, while maintaining environmental safeguards, safety standards and regulatory compliance.

The approach, he indicated, would focus on combining investment facilitation with responsible industrial development.

Odisha Seeks to Expand Beyond Minerals

The investment pitch at India Chem 2026 reflects Odisha’s broader ambition to diversify its industrial base by increasing value addition to its existing resource and infrastructure advantages.

By attracting downstream chemical industries, the state aims to strengthen manufacturing linkages, expand industrial supplier networks and create opportunities across multiple sectors.

The success of the initiative will depend on translating investment interest into projects supported by reliable infrastructure, feedstock availability, efficient clearances and environmental safeguards.

With its ports, refinery infrastructure and established industrial clusters, Odisha is positioning itself to play a larger role in India’s chemicals and petrochemicals industry.

Five Rescued Orangutans May Return to Indonesia Soon; Smuggling Network Remains Untraced

Bhubaneswar, Oct 23: The process to repatriate five orangutan infants rescued from Bichitrapur forest in Odisha’s Balasore district has gathered momentum, with Indonesia preparing to send a team of wildlife experts to India next month. However, the investigation into the suspected international wildlife trafficking network behind their arrival in Odisha remains inconclusive.

Five Rescued Orangutans May Return to Indonesia Soon; Smuggling Network Remains Untraced

A five-member team of Indonesian wildlife experts is expected to visit India in November to coordinate the repatriation process. The animals, rescued on September 8, are currently being housed at Nandankanan Zoological Park in Bhubaneswar, where they are reportedly healthy and receiving veterinary care.

The proposed transfer will depend on the completion of the necessary legal formalities and regulatory procedures, along with coordination between the authorities of the two countries.

Investigation Yet to Identify Suspected Traffickers

While preparations are underway to send the orangutans back to their country of origin, the Crime Branch’s Special Task Force (STF) is continuing its investigation into how the animals were brought to Odisha and who was responsible for their alleged trafficking.

Investigators have reportedly examined CCTV footage to trace the movement of the orangutans from Kolkata through Digha before they reached Bichitrapur in Balasore district. Despite these efforts, the suspected smugglers and the wider network allegedly involved in the operation remain unidentified.

The case has raised concerns about the possible movement of protected wildlife across international borders and the challenges involved in tracing those responsible for such activities.

DNA Testing Remains a Key Step

The Forest Department has maintained that DNA testing is necessary to establish the species and origin of the rescued animals. However, the tests have not yet been conducted, leaving an important aspect of the investigation pending.

Scientific confirmation, along with the completion of the required documentation and clearances, is expected to play a significant role in determining the next steps for the animals’ repatriation.

Previous Repatriation Offers a Precedent

In a similar case, a Sumatran orangutan rescued in India in November 2024 was recently returned to Indonesia through coordinated efforts involving wildlife authorities in both countries and officials associated with the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES).

That case highlights the importance of international cooperation in addressing wildlife trafficking and ensuring the safe return of animals to their country of origin.

For the five orangutan infants at Nandankanan, the immediate priority remains their continued care and safe repatriation once all necessary procedures are completed.

As Indonesian experts prepare for their expected November visit, attention remains divided between the efforts to bring the animals home and the unanswered questions surrounding how they entered Odisha and who facilitated their alleged illegal transportation.

SBI Life’s new film shines a light on the ‘Anokhe Heere’, honouring the undying spirit of the Indian para-athletes

The new film brings alive the power of determination and the promises that drive individuals to pursue their aspirations, reinforcing SBI Life’s commitment to protecting what matters most.

MUMBAI, India, Oct. 23, 2026 /PRNewswire/ — SBI Life Insurance, one of India’s most trusted private life insurers, has unveiled a new film spotlighting the ‘Anokhe Heere‘ — Indian para-athletes whose indomitable spirit and determination enable them to overcome challenges, pursue their aspirations and honour their promises. The film highlights how true brilliance goes beyond what meets the eye, shining through the strength of one’s intentions and the resolve to turn them into action.

Narrated through the innocent curiosity of a young boy, Aksh, searching for extraordinary diamonds, the film unfolds as a heartwarming journey of this discovery. Looking for brilliance in everyday objects, the boy gradually discovers a different kind of sparkle at a para-athlete training centre. He witnesses the determination, discipline and perseverance of para-athletes, realising that these are the true ‘Anokhe Heere’ — individuals whose resolve enables them to pursue their aspirations and honour the promises they make to their loved ones. The film brings alive the thought, “Yehi toh hai Anokhe Heere, jo apne iraadon ki chamak se vaadon ko nibhate hain,” highlighting how the strength of one’s resolve can turn aspirations into action.

Click here to view SBI Life’s new film: https://youtu.be/TRgnKEw4ndc 

Commenting on the launch of the new film, Mr. Ravindra Sharma, EVP & Chief of Brand, Corporate Communication & CSR, SBI Life Insurance said, “Every aspiration carries a promise — to oneself and, often, to the people who matter most. The journeys of our para-athletes demonstrate how determination and an unwavering belief in oneself can help individuals move beyond limitations and pursue what they truly aspire to achieve. They are our ‘Anokhe Heere‘, whose resolve shines through their actions and gives meaning to the promises they make. At SBI Life, our association with para-sport stems from a shared belief in the power of human potential and the importance of enabling individuals to pursue what matters to them. Through this film, we hope to bring this belief to life and connect with people through a simple yet meaningful thought — that every aspiration deserves to be pursued, and every promise to our loved ones holds significance. This is the spirit behind the brand’s core philosophy – Apne Liye, Apno Ke Liye.”

The new film draws a connection between the determination of para-athletes and the promises that inspire individuals to keep moving forward. It brings alive the thought that pursuing one’s aspirations often goes hand in hand with fulfilling commitments to loved ones, with SBI Life’s association reinforcing the importance of protecting what matters most along the journey. The new film captures this role through the thought, “Aur inhi sabhi anokhe iraadon ki suraksha karta hai SBI Life,” positioning the brand as a thoughtful partner in helping individuals protect their commitments that matter to them.

As the Principal Partner of the Indian Contingent at the Para Commonwealth and Asian Games 2026, SBI Life continues to strengthen its association with para-sport and the values of aspiration, resilience and determination. Through this FILM, the brand brings the focus to the human stories behind sporting achievements — the personal resolve, unwavering commitment and promises that inspire individuals to keep moving forward.

The film closes on a simple yet powerful thought: true brilliance lies in the conviction to keep moving towards one’s dreams. Through ‘Anokhe Heere’, SBI Life pays tribute to India’s para-athletes whose journeys reflect resilience, purpose, and the courage to keep going.

About SBI Life Insurance

SBI Life Insurance (‘SBI Life’ / ‘The Company’), one of the most trusted life insurance companies in India, was incorporated in October 2000 and is registered with the Insurance Regulatory and Development Authority of India (IRDAI) in March 2001.

Serving millions of families across India, SBI Life’s diverse range of products caters to individuals as well as group customers through Protection, Pension, Savings and Health solutions.

Driven by ‘Customer-First’ approach, SBI Life places great emphasis on maintaining world class operating efficiency and providing hassle-free claim settlement experience to its customers by following high ethical standards of service. Additionally, SBI Life is committed to enhance digital experiences for its customers, distributors and employees alike.

SBI Life strives to make insurance accessible to all, with its extensive presence across the country through its 1,241 offices, 29,055 employees, a large and productive network of about 2,93,443 agents, 81 corporate agents and 9 bancassurance partners with more than 40,000 partner branches, 161 brokers and other insurance marketing firms.

In addition to doing what’s right for the customers, the company is also committed to provide a healthy and flexible work environment for its employees to excel personally and professionally.

SBI Life strongly encourages a culture of giving back to the society and has made substantial contribution in the areas of child education, healthcare, disaster relief and environmental upgrade. In 2025-26, the Company touched over 20,500 direct beneficiaries through various CSR interventions.

Listed on the Bombay Stock Exchange (‘BSE’) and the National Stock Exchange (‘NSE’), the company has an authorized capital of ₹ 20.0 billion and a paid up capital of ₹ 10.0 billion. The AuM is ₹ 5,248.5 billion.

For more information, please visit our website: www.sbilife.co.in and connect with us on Facebook, Twitter, YouTube, Instagram, and LinkedIn.

(Numbers & data mentioned above are for the period ended June 30, 2026)

 

Ravindra Sharma, EVP and Chief of Brand CSR and Corporate Communications, SBI Life

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SBI Life's new film shines a light on the 'Anokhe Heere', honouring the undying spirit of the Indian para-athletes

Seatrium and Karpowership Sign Contract for a Series of Whale Class Powership Conversion and Integration Projects

SINGAPORE, Oct. 23, 2026 /PRNewswire/ — Seatrium Limited and its strategic partner, floating power leader Karpowership, have strengthened their longstanding collaboration with the award of a contract for the development, major conversion and integration of Karpowership’s third-generation hydrogen-ready Whale Class Powerships, reinforcing both companies’ commitment to delivering reliable, flexible and sustainable energy solutions to meet growing global electricity demand.

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Under the contract, Seatrium will undertake the major conversion work and integration of five Whale Class Powerships. Seatrium’s scope of work encompasses equipment integration, mechanical completion and pre-commissioning works. Engineering activities are currently underway – both parties are working closely to advance the project’s execution phase progressively, with the first vessel in the series targeted for arrival in Seatrium Tuas Boulevard Yard in December 2027.

Powerships are floating power plants equipped with hydrogen-ready multi-fuel generation systems and integrated onboard substations that connect directly to national electricity grids. Leveraging Karpowership’s plug-and-play design, they can begin generating electricity in as little as 30 days. The next-generation Whale Class offers Karpowership’s highest capacity, engineered to deploy up to 600 MW of immediate, grid-ready power using an ultra-efficient footprint optimised for seamless, continuous fuel supply.

By combining advanced power generation technologies with maritime engineering excellence, these vessels will enhance energy security while providing the flexibility to support diverse market requirements.

Mr Alvin Gan, Executive Vice President, Repairs and Upgrades, Seatrium, said, “This significant milestone marks Seatrium’s first major conversion work and integration of Karpowership’s Whale Class Powerships. We are proud to support Karpowership’s drive to pioneer innovative floating power solutions and the next phase of its fleet development, bringing our capabilities in complex vessel integration and offshore engineering to the project. We thank Karpowership for the continued trust and look forward to advancing cutting-edge floating solutions that bolster energy resilience worldwide.”

Building on a strategic relationship established in 2018, Seatrium and Karpowership share an ambition to deepen their partnership and shape the next generation of energy infrastructure, strengthening energy resilience in Singapore and worldwide.

Mr Gokhan Kocak, Chief Technical Operations Officer, Karpowership, said, “Karpowership has transformed global power generation with its innovative Powership model, delivering fast-track and dependable electricity solutions to millions worldwide. The next-generation Whale Class Powerships demonstrate our continued commitment to innovation, operational excellence and energy security. We are pleased to build on our strong partnership with Seatrium, whose proven expertise in complex vessel integration make them an ideal partner.”

The contract marks the next step following an earlier Letter of Intent (LOI) signed in August 2025, solidifying the long-term partnership between the two companies. The LOI had provided for three FSRU conversions and the potential integration of up to six new-generation Powerships. Since 2018, Seatrium has successfully delivered seven FSRU conversion projects to Karpowership, with the eighth and ninth FSRU conversion projects secured this year.

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Seatrium and Karpowership Sign Contract for a Series of Whale Class Powership Conversion and Integration Projects

Designed for Global Expectations: The First LEPAS Global Concept Car, AURA, Makes Its World Premiere

WUHU, China, Oct. 22, 2026 /PRNewswire/ — On October 22, the World Premiere of the LEPAS Concept Car took place at Global Elegance Night in Luolan Town, Wuhu, during the inaugural LEPAS Global Elegant Lifestyle Week. Unveiled as the brand’s first global concept car, AURA brings Next-Generation Evolution and Leopard Aesthetics to life through Future-Inspired Design. Drawing on LEPAS’s “Natural Energy” philosophy, the LEPAS All-New Concept Car combines leopard-inspired proportions, flowing surfaces and expressive lighting with a new family design identity and opportunities for personalization, previewing LEPAS’s vision for the Future of Elegant Mobility.

“For LEPAS, elegance is a way of life, and a promise we keep through our products,” said Zhai Xiaobing, CEO of LEPAS. “We bring elegance into everyday life through design, technology and experience.” AURA expresses this vision through a new design language.

Ivan Dulanović, Global Chief Designer of LEPAS, explained AURA builds on the brand’s core “Natural Energy” design philosophy. Inspired by the leopard, AURA embodies elegance, confidence and mystery. Balanced proportions and flowing surfaces convey composure, while taut shoulder lines and Leopard headlamps, inspired by the eyes of the leopard, evoke the leopard’s strength. With a long wheelbase, short overhangs and a wide stance, AURA establishes a distinctive family identity through its new front fascia, signature Leopard headlamps and porcelain finish. Side air vents balance form and aerodynamics, while front and rear light screens enable personalized lighting and animation.

Three new exterior colors were also unveiled: Dawn Pearl, Bacalar Blue and Provence Twilight. Inspired by dawn in Tahiti, midday at Bacalar Lagoon and sunset in Provence, the colors capture three moments of natural light, expressing elegance that is warm, fresh and mysterious.

For the unveiling, LEPAS collaborated with Global Elegant Lifestyle Partners Vassilis Zoulias, a Greek fashion designer, and Pericles Kondylatos, a jewelry designer. Fashion, jewelry and AURA shared the stage, reflecting its elegant character.

“The concept is not the end — it is the inspiration for the future of LEPAS design,” said Ivan Dulanović. AURA’s front fascia, lighting, porcelain finish and color explorations will continue to inspire future LEPAS designs. Through evolving design and product experiences, LEPAS will respond to user expectations and bring “Drive Your Elegance” into everyday life.

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Designed for Global Expectations: The First LEPAS Global Concept Car, AURA, Makes Its World Premiere

Quantinuum to Report Third Quarter Financial Results on November 5, 2026

BROOMFIELD, Colo., Oct. 22, 2026 /PRNewswire/ — Quantinuum Inc. (NASDAQ: QNT) (“Quantinuum”) today announced it will release its financial results for the third quarter ended September 30, 2026, on November 5, 2026, after market close.

Quantinuum Logo

Quantinuum will host a conference call at 5:00 PM Eastern time that same day to discuss its financial results. The call will be available through a live webcast available here.

An archive replay of the webcast will be made available on the Quantinuum Investor Relations website following the call and will remain available for one year.

About Quantinuum

Quantinuum is a leading quantum computing company offering a full-stack platform designed to make quantum computing deployable in real-world environments. The company has commercially deployed multiple generations of quantum systems built on the well-established QCCD architecture, which it has implemented with novel designs and capabilities to achieve the industry’s highest accuracy levels based on average two-qubit gate fidelity as of December 31, 2025. Quantinuum has active engagements with market leaders across pharmaceuticals, material science, financial services, and government and industrial markets. Quantinuum’s headquarters is in Broomfield, Colorado, with additional facilities across the United States, United Kingdom, Germany, Japan, Qatar and Singapore.

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Quantinuum to Report Third Quarter Financial Results on November 5, 2026

Ford Foundation Charts New Course to Support Preconditions for Thriving Democracies

New strategy will refocus the foundation’s mission to protect and strengthen democratic values, fundamental freedoms, and inclusive economies worldwide

NEW YORK, Oct. 22, 2026 /PRNewswire/ — The Ford Foundation today unveiled its new strategic direction to support the preconditions necessary for democracies to thrive. The foundation will refocus its institutional mission to protect and strengthen democratic values, fundamental freedoms, and inclusive economies worldwide, so people are empowered to shape their futures.

Ford Foundation Logo

Developed in response to the unprecedented geopolitical, economic, and societal factors of this moment, this new strategy is anchored in protecting and strengthening the core principles that sustain democracy and the rule of law. It comes one year after Heather Gerken was appointed the foundation’s 11th president. The strategy features seven interconnected funding areas: Protecting Democratic Governance and the Rule of Law; Building Just and Inclusive Economies; Defending Information as a Public Good; Securing Safety, Justice, and Fairness; Accelerating Gender Equality; Fostering Global Cooperation; and Advancing Racial Justice.

The foundation’s deep, decades-long commitment and ongoing support for social justice and marginalized communities will be embedded across all seven new funding areas—bringing this work to scale across all of our grantmaking.

The strategies for each area will be launched and implemented on a rolling basis over the course of 2027. This will be the first strategic refresh of the foundation’s areas of work in over a decade.

The public report, “How We Meet This Moment,“ outlines the strategy and its development and reflects on Ford’s history in critical moments alongside its current work. Senior leaders at the foundation conducted the review, in partnership with staff and experts across the sector, to set the course for the foundation’s next chapter.

The strategy reflects a renewed commitment to the foundation’s roots, exemplified by the Gaither Report, commissioned by the foundation’s Board of Trustees in 1950, another turbulent period in world history. At that time, the Ford Foundation’s trustees charged the foundation with “the advancement of the ideals and principles of democracy.”

“The Ford Foundation’s new vision is an evolution, not a revolution, of our work, and a reflection of this era’s rapidly changing global landscape,” said Heather Gerken, president of the Ford Foundation and a nationally recognized expert in democracy and constitutional law. “Conditions have changed since our last strategy review, and we are marshaling all of our resources to respond to these new challenges while staying true to our legacy as a social justice foundation.”

“We believe this new strategy reflects the fundamental convictions that have guided Ford for generations,” said Ursula Burns, chair of the Board of Trustees of the Ford Foundation. “This strategy reflects the ambition, dedication, and experience of the leadership team and is exactly what this moment requires.”

Operationally, the foundation will respond by delivering larger, multiyear general operating support; executing well-integrated and adaptive strategies for impact; and driving continuous innovation and investment across the philanthropic sector through its newly created Office of Innovation.

The Ford Foundation’s Seven Funding Areas

The seven new funding areas address what the foundation describes as the necessary preconditions for democracy in a period marked by growing autocracy, intensifying inequality, and the overall erosion of public trust.

Protecting Democratic Governance and the Rule of Law: The Ford Foundation will work to ensure democracy lives up to its promise and that people and communities are able to shape the policies that affect their lives. This depends on the rule of law, vibrant democratic representation, civil rights and civil liberties, and effective governance to bring people back into the political process, restore trust in government, and rebuild governing institutions that have been dismantled or degraded.

Building Just and Inclusive Economies: Severe economic inequality is both a product of democratic decline and a force that accelerates it. The Ford Foundation will prioritize approaches that create fairer economic rules, advance opportunities for people with disabilities, and help workers and marginalized communities adapt to fast-changing realities, while addressing the concentration of economic power that leaves too many behind.

Defending Information as a Public Good: A healthy democracy requires an informed citizenry, and the erosion of shared, trustworthy information has undermined public faith in government itself. The Ford Foundation will defend an information and media environment to strengthen rather than undermine democracy. The strategy will work to change how digital technologies are designed, deployed, and governed so they serve the public good.

Securing Safety, Justice, and Fairness: There is strong public support for a pragmatic approach to safety and justice that moves beyond the false binary of tough-on-crime versus soft. The Ford Foundation will advance solutions that keep communities safe, reduce criminalization and incarceration, and ensure people receive the support and justice they need and deserve.

Accelerating Gender Equality: Democratic backsliding has gone hand in hand with attacks on gender equality worldwide, depriving many of the basic dignity and essential freedom to build stable, meaningful lives. The Ford Foundation will protect the rights and autonomy of women and LGBTQ+ people, including expanding to support the full spectrum of reproductive health care while shifting social norms and closing gaps in the law that allow gender-based violence to persist globally.

Fostering Global Cooperation: The multilateral institutions built for the previous world order have lost power and legitimacy at a time when cross-border challenges like climate change, artificial intelligence, and sovereign debt demand global cooperation. The Ford Foundation will work to rebuild effective multilateralism and support regional coalitions and plurilateral partnerships that ensure the Global South has a seat at the table.

Advancing Racial Justice: Building on the Ford Foundation’s legacy in the fights for civil rights and against apartheid, the foundation will continue that tradition by establishing a racial justice fund. Ford will deploy dedicated staff to support the field and integrate this work across the foundation’s entire portfolio. To counter a growing crisis of historic erasure and retreat from honest reckoning, this institution-wide commitment will operate across all of the Ford Foundation’s grantmaking.

“Our commitment to social justice and to communities that have been pushed to the margins, denied equal justice or economic opportunity, will remain a throughline across all of our areas of work,” said Gerken. “Those commitments are essential to building healthy, vibrant democracies and societies.”

Changing How Ford Funds: Advancing Grantmaking Excellence

Alongside the shift to the foundation’s areas of work, the Ford Foundation is evolving its approach to grantmaking to meet its renewed mission while helping philanthropy respond more effectively to an evolving nonprofit sector.

“The Ford Foundation is committed to driving impact across the philanthropic sector,” said Nicholas Turner, executive vice president, programs of the Ford Foundation. “Today, that requires continuing to trust our grantees and adapting how we work so we can move quickly and better support the grantees and communities we serve.”

The Ford Foundation is also transforming how it works. Under its new strategy, Ford will commit to flexible funding and more closely integrated, flexible teams to ensure its grantmakers can pivot quickly and respond to real-time changes. The foundation will expand its general operating support, increase multiyear funding, make larger grants, and continue to strengthen the institutional capacity of its grantees and the sector at large. This approach builds on decades of research and learning showing that grantees with flexible, long-term funding were far better equipped to respond to unexpected challenges.

“Throughout the strategy review process, it became abundantly clear that this unpredictable and volatile period requires much from philanthropy,” said Turner. “We will work strategically, ambitiously, and nimbly, so we can make a meaningful difference for people of color, people with disabilities, and for those who have been sidelined from our democratic and economic systems.”

In addition, Ford will invest directly in strengthening the nonprofit sector itself, funding and building in areas ripe for collective action, including shared infrastructure, strategic consolidation and partnership, workforce support, and ethical technology tools.

The foundation will continue to adopt innovative mechanisms to drive financial resources to the sector, including impact investing, engagement with private markets, and unlocking new capital-allocation mechanisms for its grantmakers.

Starting January 2027, program staff across the foundation will shift to three functional units focused on strategy design, transitional grantmaking, and responsible sunsetting of areas of work.

This restructure aims to support Ford’s mission and grantees at this crucial moment. It will allow program staff to develop full strategies quickly while ensuring ongoing grantmaking continues.

Details of the Ford Foundation’s new strategic vision are fully outlined in the public report, “How We Meet This Moment,” available to read at fordfoundation.org.

About the Ford Foundation

The Ford Foundation is an independent global organization that protects and strengthens the democratic values, fundamental freedoms, and inclusive economies that empower people to shape their own futures. For 90 years, it has promoted human dignity, human rights, and human achievement by supporting leaders, ideas, and organizations on the frontlines of social change. Today, with an endowment of $18 billion, the foundation has headquarters in New York and 10 regional offices across Africa, Asia, Latin America, and the Middle East. Learn more at http://www.fordfoundation.org.

 

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Ford Foundation Charts New Course to Support Preconditions for Thriving Democracies

Frost & Sullivan: Total Airport Management Market to More than Double to $10.36 Billion by 2034 as Airports Integrate Operations Data

With passenger traffic heading toward twice today’s levels and little room for new runways, airports are connecting people, processes and technology into a single operating picture.

CUPERTINO, Calif., Oct. 22, 2026 /PRNewswire/ — Airports face a capacity challenge that new construction alone cannot solve, with global passenger traffic expected to nearly double by 2045 while opportunities to add runways and terminals remain limited. Total airport management (TAM), the practice of linking airside, landside, passenger and resource data into one coordinated operation, is moving from a conceptual framework to an operational priority for airports of every size and maturity.

Frost & Sullivan’s latest study, Total Airport Management (TAM) Market, Global, 2025–2034, values the global market at $4.80 billion in 2025. The market is expected to reach $10.36 billion by 2034, a compound annual growth rate (CAGR) of 8.9%. Software accounts for the largest share of spending, ahead of hardware and services, as airports invest in the data and decision layers that allow systems from different vendors and stakeholders to work together.

Digital Twins Lead a Shift from Monitoring to Orchestration

Airport simulation and digital twin platforms form the fastest-growing component of the market, expanding at a CAGR of 13.9%. Operators use these virtual replicas to test scenarios, train staff and validate safety, capacity and sustainability initiatives before committing capital. Artificial intelligence (AI) is pushing the wider TAM stack in the same direction, beyond the dashboards of the last decade toward agents that anticipate disruptions and coordinate responses across airlines, ground handlers and air navigation service providers. Capacity management and planning also grows ahead of the overall market, since tools that model what-if scenarios can release effective capacity without the cost of physical expansion.

Born-digital Hubs and Legacy Upgrades Move at Different Speeds

Implementation follows two distinct paths that depend on the age and maturity of each airport. New airports in Asia-Pacific and the Middle East are adopting full-suite TAM as part of their original design, which is why these regions record the fastest growth and attract most new high-value contract awards. Mature airports tend to modernize piece by piece, integrating new components with existing systems to avoid disruptive replacement programs. The Americas illustrate this pragmatic approach, generating more than a third of global revenue through modular, FAA-aligned upgrades such as surface collaborative decision-making, while Europe remains the benchmark for standardized, regulation-driven deployment.

Cybersecurity and Governance Set the Pace of Adoption

The study finds that the main restraints affect the timing and sequencing of investment while leaving its overall direction intact. Every new sensor and data exchange widens the attack surface, the absence of a globally agreed TAM architecture raises integration costs, and airlines remain cautious about sharing proprietary turnaround data without a clear commercial benefit. Airports that resolve governance, privacy and cybersecurity questions early are best placed to capture the gains in on-time performance, passenger experience and operating cost that successful implementations deliver.

“A complete understanding of the entire airport enterprise, whether legacy upgrade or born digital, is crucial to the successful implementation of total airport management,” said Jason Buster, Industry Principal, Aerospace and Defense at Frost & Sullivan.

“Airports should look beyond the Internet of Things toward the integration of things, meaning people, process and technology working together,” adds Buster. “Those that prepare that foundation now, and decide why they need each capability before choosing what to buy, will be the ones that remain competitive in 2035.”

For more insights into the total airport management market and Frost & Sullivan’s analysis, click here.

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Editor’s Note

To arrange an interview or for any questions, please contact:

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Marketing & Communications

Americas, Frost & Sullivan

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Frost & Sullivan: Total Airport Management Market to More than Double to $10.36 Billion by 2034 as Airports Integrate Operations Data

Designed for Global Expectations: The First LEPAS Global Concept Car, AURA, Makes Its World Premiere

WUHU, China, Oct. 22, 2026 /PRNewswire/ — On October 22, the World Premiere of the LEPAS Concept Car took place at Global Elegance Night in Luolan Town, Wuhu, during the inaugural LEPAS Global Elegant Lifestyle Week. Unveiled as the brand’s first global concept car, AURA brings Next-Generation Evolution and Leopard Aesthetics to life through Future-Inspired Design. Drawing on LEPAS’s “Natural Energy” philosophy, the LEPAS All-New Concept Car combines leopard-inspired proportions, flowing surfaces and expressive lighting with a new family design identity and opportunities for personalization, previewing LEPAS’s vision for the Future of Elegant Mobility.

“For LEPAS, elegance is a way of life, and a promise we keep through our products,” said Zhai Xiaobing, CEO of LEPAS. “We bring elegance into everyday life through design, technology and experience.” AURA expresses this vision through a new design language.

Ivan Dulanović, Global Chief Designer of LEPAS, explained AURA builds on the brand’s core “Natural Energy” design philosophy. Inspired by the leopard, AURA embodies elegance, confidence and mystery. Balanced proportions and flowing surfaces convey composure, while taut shoulder lines and Leopard headlamps, inspired by the eyes of the leopard, evoke the leopard’s strength. With a long wheelbase, short overhangs and a wide stance, AURA establishes a distinctive family identity through its new front fascia, signature Leopard headlamps and porcelain finish. Side air vents balance form and aerodynamics, while front and rear light screens enable personalized lighting and animation.

Three new exterior colors were also unveiled: Dawn Pearl, Bacalar Blue and Provence Twilight. Inspired by dawn in Tahiti, midday at Bacalar Lagoon and sunset in Provence, the colors capture three moments of natural light, expressing elegance that is warm, fresh and mysterious.

For the unveiling, LEPAS collaborated with Global Elegant Lifestyle Partners Vassilis Zoulias, a Greek fashion designer, and Pericles Kondylatos, a jewelry designer. Fashion, jewelry and AURA shared the stage, reflecting its elegant character.

“The concept is not the end — it is the inspiration for the future of LEPAS design,” said Ivan Dulanović. AURA’s front fascia, lighting, porcelain finish and color explorations will continue to inspire future LEPAS designs. Through evolving design and product experiences, LEPAS will respond to user expectations and bring “Drive Your Elegance” into everyday life.

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Designed for Global Expectations: The First LEPAS Global Concept Car, AURA, Makes Its World Premiere