Category: 3. Business

  • Morocco orders ten Airbus H225M helicopters

    Morocco orders ten Airbus H225M helicopters

    Dubai, United Arab Emirates, 18 November 2025 – The Kingdom of Morocco has signed a contract with Airbus Helicopters for ten H225M helicopters. The H225Ms will be equipped for combat search and rescue operations and will be operated by the Royal Moroccan Air Force (Forces royales air). They will replace the current Pumas which have been in service for more than 40 years.

    “We are honoured that Morocco has chosen to replace its legacy Puma fleet with the H225M,” said Bruno Even, CEO of Airbus Helicopters. “This is another step in the partnership we have been building over the decades with the Kingdom of Morocco. The H225M is enjoying a strong momentum on the market. This aircraft is a reference for complex missions in tough environments. This order solidifies the H225M’s reputation as the helicopter of choice for combat search and rescue and special operations across the world.” 

    The Royal Moroccan Air Force H225Ms will be equipped with a double hoist installation, a searchlight and a Safran Euroflir 410 electro-optical system. They will be able to carry machine guns and an electronic warfare system for self-protection. 

    The contract with Airbus Helicopters also includes a support and service package with connected services. 

    There are more than 360 H225s and H225Ms in service around the world, totaling close to 980,000 flight hours. Military customers include France, the Netherlands, Hungary, Brazil, Mexico, Singapore,Thailand, Malaysia, Indonesia, Iraq and Kuwait.

    Airbus has had a presence in Morocco since 1951 through Airbus Atlantic, a wholly-owned Airbus subsidiary specialising in composite manufacturing, the assembly of complex metallic sub-assemblies, and the maintenance and support of avionics equipment.

    In 2024, Airbus Helicopters announced the creation of a customer centre in the Kingdom, providing support for the 60 Airbus helicopters in service with the Royal Moroccan Air Force, the Royal Navy, and the Royal Moroccan Gendarmerie. It will develop into a service centre for maintenance, repair, and overhaul (MRO) with new dedicated facilities and will become the regional centre for Airbus helicopters in West Africa.

    @AirbusHeli #H225M #DAS25

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  • StubHub and Viagogo among eight firms investigated over pricing practices | Competition and Markets Authority

    StubHub and Viagogo among eight firms investigated over pricing practices | Competition and Markets Authority

    Britain’s competition watchdog has begun investigations into eight companies about their online pricing practices, expressing concern over additional fees and sales tactics such as “drip pricing” and “pressure selling”.

    The Competition and Markets Authority (CMA) said it was looking into the ticket sellers StubHub and Viagogo; AA Driving School and BSM Driving School; the US gym chain Gold’s Gym; and the retailers Wayfair, Appliances Direct and Marks Electrical.

    The investigations are the first launched by the CMA using its new consumer protection powers. The watchdog said it had concerns over practices including drip pricing – when consumers are shown an initial price and then face additional fees in the checkout process – and the use of misleading countdown timers, which are banned under the new regime.

    The investigations follow a cross-economy review by the CMA since April of more than 400 businesses in 19 sectors to assess their compliance with price transparency rules.

    The watchdog has also written advisory letters to 100 businesses across 14 sectors outlining concerns about their use of additional fees and sales tactics. It is publishing new guidance for businesses to help them comply with the law.

    The regulator’s new powers enable it to decide whether consumer laws have been broken, rather than having to go through the courts. If the CMA finds there has been an infringement of the law, it can order businesses to pay compensation to affected customers, and can fine companies up to 10% of global turnover.

    “It’s crucial that people are able to shop online with confidence, knowing that the price they see is the price they’ll pay, and any sales are genuine,” said the CMA chief executive, Sarah Cardell.

    “Whether you’re spending your hard-earned cash on concert tickets or driving lessons, joining a gym or buying furniture and appliances for your home, you deserve a fair deal. It’s our job to protect consumers from misleading prices and illegal pressure selling and today marks an important milestone.”

    The secondary ticketing sites StubHub and Viagogo are under review over the mandatory additional charges applied when consumers buy tickets, and whether or not these fees are included upfront.

    The AA Driving School and BSM Driving School are being investigated over whether their mandatory fees are included in the total price the consumer sees at the beginning of the purchase process.

    Gold’s Gym is under investigation over not including its one-off joining fee for its annual membership in advertised membership costs.

    The homeware retailers Wayfair, Appliances Direct and Marks Electrical are being investigated to determine whether their time-limited sales ended when they said they would, or whether customers were being automatically opted in to purchase additional services.

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    Rocio Concha, the director of policy and advocacy at the consumer group Which?, which has exposed “dodgy business practices”, said: “It’s encouraging that the regulator is taking this action. It shouldn’t hesitate to use its new consumer enforcement powers to fine any firms that have broken the rules.

    “This action underlines the value of effective regulation in ensuring unscrupulous firms don’t get unfair advantages over companies that comply with the law.”

    The investigation piles further pressure on Viagogo and StubHub. The latter company’s shares fell nearly 14% on Monday after the Guardian revealed that reselling tickets for profit is to be outlawed, as the government goes ahead with a long-awaited crackdown on touts and resale platforms.

    AA Driving School said: “We are comfortable that the £3 booking fee for lessons is already transparent and in line with the CMA’s rules.”

    Viagogo said: “We have continually engaged constructively with the CMA and will be fully cooperating with their investigation.”

    The other companies were contacted for comment.

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  • Sustainable Debt Plays Key Role in Scaling Climate Finance for Emerging Markets

    Sustainable Debt Plays Key Role in Scaling Climate Finance for Emerging Markets

    Issuer innovation and regulatory support can help grow sustainable debt in emerging markets, a critical tool to address the multi-trillion-dollar climate financing gap, according to a new BloombergNEF (BNEF) report, Scaling Sustainable Debt in Emerging Markets.

    The report, commissioned by the Dubai Financial Services Authority (DFSA) and the Hong Kong Monetary Authority (HKMA), finds that nearly half of all financing for low-carbon energy companies in the Middle East and North Africa (MENA) and emerging Asia Pacific (APAC) comes from labeled sustainable debt. These instruments are an important channel of capital to the energy transition and have a strong foundation for growth.

    Sustainable debt issuance stagnates in key emerging markets

    Labeled sustainable debt issuance across MENA and emerging APAC slowed in 2025, after a record 2024. Issuance globally is down amid shifting perceptions around the benefits of labeling debt instruments – including on price and reporting costs.

    Reduced pricing benefits may be holding issuers back. Among the bonds sampled by BNEF, the discounts issuers were receiving for labeling debt in 2020 have faded, with some issuers paying a premium for green issuance.

    Despite global headwinds, the sustainable finance market is still dynamic, with issuers experimenting with new structures and regulators exploring policy support. Labeled debt only accounts for 2.6% of the debt market in emerging economies today, highlighting clear growth opportunities.

    Regulators can help lower barriers for issuers

    As a key tool to drive climate finance in emerging markets, regulators and governments have a variety of solutions available to them to grow the labeled sustainable debt market and to help address climate and sustainability challenges.

    Government support to offset labeling costs and provide a clear regulatory environment for labeled issuance can ease challenges when issuers go to market. The Hong Kong government provides a good example, with a scheme providing subsidies for green and social issuers. As of mid-October 2025, subsidies were granted to over 620 sustainable debt instruments worth over $170 billion issued in Hong Kong.

    Regulators also can drive the market by providing guidance for issuing labeled debt, ideally encouraging issuers to label. Policy frameworks like the Association of Southeast Asian Nations’ sustainable finance taxonomy assists issuers in identifying green and transitional activities, which may help drive issuance.

    Issuers can innovate beyond conventional labels, tenors and structures

    Other avenues for growth include expanding past the green label and typical structures. Social debt represents a deal type with strong growth potential. Social instruments only account for 8% of total issuance since 2020 in these emerging markets. Regional neighbors like South Korea and Japan are among the largest social bond markets globally and could offer experience for success in the wider APAC region.

    Similarly, a blue bond from DP World, a UAE-based logistics and marine port operator, highlights the benefits of specificity when applying labels to help attract capital for underserved areas of sustainability, such as marine ecosystem conservation and restoration, and sustainable marine transportation.

    A sustainability-linked loan bond (SLLB) from Emirates NBD Bank also shows the added credibility that novel labeling structures can bring. Through robust selection criteria, the structure can help channel financing to the most impactful and robust sustainability-linked loans. The key to its success is transparency around the specific instruments financed by the SLLB.

    A green bond and green loan from Hong Kong’s MTR Corporation, a public transportation operator, demonstrated that there is strong investor demand for ultra-long tenors. As the company’s first green ultra-long tenor issuance, the novel 30-year green bond was well received by investors, as the instrument was 5.8 times oversubscribed.

    This report is part of the strategic partnership between Dubai Financial Services Authority (DFSA) and the Hong Kong Monetary Authority (HKMA) on sustainable finance.

    Mark Steward, Chief Executive of the DFSA, said: “This research provides valuable insight into how sustainable debt is evolving across the MENA and emerging APAC regions. The US$94 billion issuance record in 2024 reflects growing investor confidence and the resilience of our markets. Our focus remains on supporting all forms of sustainable and transition finance to ensure that the market within the DIFC, United Arab Emirates, and across the region remains robust and credible for the long term.”

    Eddie Yue, Chief Executive of the HKMA, said: “Sustainable debt is a promising tool for bridging the multi-trillion-dollar climate financing gap in emerging markets. Through this joint research, we aim to explore solutions to remove the barriers faced by issuers and identify opportunities for growth. As Asia’s leading sustainable finance hub that arranges 45% of the region’s international green bond issuances in 2024, Hong Kong is committed to leveraging our infrastructure and know-how to support emerging markets in reaching their sustainable development goals.”

    Jon Moore, Chief Executive of BloombergNEF, said: “Sustainable debt helps build trust and transparency in the financial market. The effort by HKMA and DFSA to drive the development of sustainable debt markets provides valuable support to scale up finance and investment for the energy transition. We hope this report and our industry-leading insights can help regulators and market participants navigate this transition and capture opportunities that advance global sustainability objectives.”

    The report is available at this link.

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  • ComBox app: Evaluating measurement data at the touch button

    ComBox app: Evaluating measurement data at the touch button

    Drivers of development vehicles already have their hands full identifying, documenting and reporting technical abnormalities of new vehicle functions to the respective development departments during their test drives. “We welcome any simplification of our work, especially with regard to ADAS and drive issues, the validation of which is particularly time-consuming,” reports Jan Wörner, Project Manager in Data Driven Testing & Vehicle Functions at Porsche Engineering. “That’s exactly why we developed the ComBox app: It’s the engineer’s companion and serves as a kind of digital assistant during the testing. It also performs many calculations directly in the vehicle and identifies important scenarios in the measurement data without the driver having to intervene. This edge computing means we have to send significantly less data to the cloud for evaluation.”

    Six modes to choose from

    A commercially available high-end smartphone serves as the platform for the ComBox app. Most of the computing resources of this smartphone are available to the assistance software developed by Porsche Engineering. After launching the app, the user can select from six different modes: “Standard / Single” can be used to trigger measurement of vehicle control unit data at any time in order to record this measurement data and upload it to the cloud. “Scene Recognition” mode can record general traffic scenarios that are relevant for ADAS functions, for example.

    ADAS validation with the smartphone

     

    Porsche Engineering makes ADAS validation scalable.

    “Acoustic Detection” mode uses AI help to find distracting noises, while “Infotainment Recording” offers support with correcting display problems. “These four modes have one thing in common: After a manual or automatic trigger, they record patterns or errors and send the corresponding data to the cloud,” says Wörner. “Shift report” mode is used after the test drives and reduces the work involved in creating the log. “All modes reduce the manual workload, which increases efficiency and cuts human errors in the testing and fault elimination process,” explains Wörner.

    Access to the vehicle buses

    The prerequisite for this is that all modes have access to the relevant vehicle buses and data. The ComBox app obtains this data from a data logger in the test vehicle, such as Porsche Engineering’s Car Data Box. “The data logger has full access to all bus systems such as CAN, LIN, FlexRay, and Automotive Ethernet, which it uses to provide information about the current status of all vehicle systems,” explains Wörner. “It forwards this data to the smartphone with the ComBox app – either via cable using an Ethernet-to-USB adapter or via WiFi, if there is a wireless access point in the vehicle that is connected to the data logger.”  

    With the ComBox app’s Standard / Single service, the driver can trigger a measurement manually if any abnormality occurs. “This means that all measurement data from the vehicle is recorded within a defined timeframe around the trigger time and loaded into the cloud. The timeframe could be, for example, from three minutes before the trigger time to three minutes after it,” says Wörner. “The driver can also input a voice explanation into the smartphone, which is then automatically converted into text and sent to the cloud together with the measured data via a 5G network. With this method, detailed additional information can be recorded immediately and thereby be made available without delay for the downstream error analysis. The other modes also offer this option.“

    „Acoustic Detection” mode automatically identifies certain unwanted noises in the vehicle and, under certain framework conditions, provides support with identifying the cause. “The ComBox app uses the smartphone’s high-quality microphone to detect the  background noise. This makes reliable detection possible that is as cost-effective as it is space-saving—and without any additional equipment. However, those who wish to can still connect special microphone technology,” Wörner explains. “Artificial intelligence is used to analyze the audio recording directly in the vehicle: We use a neural network that we have trained with noise interference patterns.”

    Between the measurement technology and the cloud, Infographic, ComBox App, 2025, Porsche AG





    If the ComBox app detects an unwanted pattern, it automatically generates a message to this effect and loads it into the cloud together with the relevant audio 昀؀le. Other measurements such as the current speed of the vehicle, the gear engaged, and the engine speed are also transmitted. This extensive automation significantly reduces the workload required. For example, ”Acoustic Detection“ mode can automatically detect the signature howling noise of turbochargers, as well as certain intrusive wind noises. The list of automatically identifiable noise types will be expanded to include further noise categories in the future. In addition, the neural network has also learned how normal driving sounds as a reference. Using the ComBox app can significantly reduce the effort involved in detecting and analyzing acoustic issues.

    “In the past, there was often no suitable measuring equipment in the vehicle when such anomalies occurred,” reports Wörner. “We therefore first had to equip a vehicle with the measuring technology and then deliberately recreate the fault. This was very time-consuming and associated with high costs.” Abnormalities in the infotainment system can also be logged using the ComBox app. This is where “Infotainment Recording“ mode comes in. This mode records the content of the screens (driver, central, and passenger display) while the vehicle is moving. If the test driver notices a problem, a simple press of a button in the app will suffice to automatically upload a short video to the cloud. The video also contains the screen content from a few seconds before the function was triggered,” says Wörner. “Abnormalities such as misaligned text, an incorrectly placed icon in the navigation system or the wrong element being overlaid usually only appear for a few seconds, which is why we were often unable to record them in time in the past. ‘Infotainment Recording’ mode gives us a lot more room to identify and flag such issues.”

    Automatic scene recognition

    „Scene Recognition“ mode is still under development. It aims to automatically detect typical traffic scenarios that are relevant for testing a new ADAS function, such as being cut off by a vehicle in front—an incident that the ACC function, for example, may need to counter by braking. Such scenarios are described by the signals that occur in the vehicle and the order they occur in. These signals include the current speed, the brake pressure, and the distance to the road user in front. Edge computing directly within the app allows even complex scenarios and test cycles to be detected intelligently and automatically, without the driver having to intervene.

    Identifying corner cases

    Confident, even in borderline cases.

    “We can send a specific scenario pattern – containing the sequence of events and the combination of signals – from the cloud to all vehicles equipped with the ComBox app,” says Wörner. “As soon as the pattern you are looking for appears somewhere, the ComBox app sends the current measurement data to the cloud. This allows developers to see whether the new vehicle function has responded as desired.” The big advantage here is that, in the future, all vehicles in a test fleet that are running the ComBox app can be used to search for the relevant patterns – and not just those vehicles that are, for example, specifically on the road for ADAS testing purposes. “This saves a lot of time,” says Wörner, “because we no longer have to carry out certain dedicated test drives separately. They are done by other vehicles along the way, so to speak.”

    “Shift report” mode greatly facilitates the documentation of test drivers and measurement results. For quality assurance purposes, new vehicles undergo extensive endurance tests that include many repetitions – for example, opening the luggage compartment and sliding the sunroof several times or repeatedly charging the battery. This mode uses vehicle measurement signals to partially fill out the reports automatically—with data such as the number of repetitions performed. The reports need only to be checked after the journey and corrected if necessary. What’s more, the driver can record all errors that occur while driving directly in the ComBox app and add photos if necessary.

    “After each journey, the driver fills out a report and indicates how often they have carried out which action,” explains Wörner. “Completing these reports manually means a great deal of work and, as with any manual activity, errors can creep in. This is where the app effectively remedies the problem and we can increase the quality of the reports.” The six modes of the ComBox app have already proved themselves in practice and are constantly being enhanced. “The ComBox app thus serves as a reliable assistant for testing and, at the same time, functions as a central data interface,” Wörner sums up. “Another advantage is its ability to be used seamlessly and comprehensively for more or less all vehicle derivatives. In the future, Porsche Engineering plans to offer this tool, including the backend in the cloud, to its industrial customers as a self-contained product. The app’s different modes can be added on individually depending on customer requirements.

    Info

    Text first published in Porsche Engineering Magazine, issue 1/2025.

    Text: Christian Buck

    Copyright: All images, videos and audio files published in this article are subject to copyright. Reproduction in whole or in part is not permitted without the written consent of Dr. Ing. h.c. F. Porsche AG. Please contact magazin@porsche-engineering.de for further information.

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  • flydubai signs for 150 A321neo

    flydubai signs for 150 A321neo

    Dubai, United Arab Emirates, 18 November 2025 – flydubai has signed a Memorandum of Understanding (MoU) with Airbus for 150 A321neo aircraft making the airline a new Airbus customer. The agreement underscores the carrier’s confidence in Dubai’s growth plans. 

    His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of flydubai, signed the MoU agreement with Christian Scherer, CEO Commercial Aircraft at Airbus, at the signing ceremony which was attended by Ghaith Al Ghaith, Chief Executive Officer at flydubai, on the second day of the Dubai Airshow 2025.

    We are pleased to announce a landmark agreement for 150 A321neo aircraft, representing another important milestone in flydubai’s journey. This new agreement is not only about adding aircraft. It supports the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai and aligns with the Dubai Economic Agenda D33,” said His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman and CEO of flydubai.

    “This strategic addition diversifies our narrow-body fleet and strengthens our long-term expansion plans. This will enable flydubai to play a key role in the success of Dubai World Central’s expansion plans, an airport we aim to become the largest airport in the world.”

    “The A321neos will support the next phase of our network development and enable us to meet rising demand across our markets. We look forward to establishing a strong and enduring partnership between flydubai and Airbus.” 

    The addition of the latest generation A321neo will support flydubai’s strategy to expand its network, offering customers access to new destinations with greater efficiency and comfort. 

    “We welcome flydubai, one of the Middle East’s most ambitious and fast-growing carriers, as a new Airbus customer,” said Christian Scherer, CEO Commercial Aircraft at Airbus. “The decision to invest in and introduce the A321neo into its fleet is another endorsement of the added value Airbus brings in terms of range, efficiency and passenger comfort. We look forward to supporting flydubai as it enables new growth and possibilities with our aircraft.” 

    The A321neo is part of the A320neo Family, incorporating the latest technologies including new generation engines, Sharklets and cabin efficiency enablers, which together deliver more than 20% fuel savings and CO₂ reduction compared to previous generation single-aisle aircraft. 

    At the end of October 2025, more than 7,200 A321neo aircraft have been ordered by nearly 100 customers across the globe.

    As with all Airbus aircraft, the A320 Family is already able to operate with up to 50% Sustainable Aviation Fuel (SAF), with Airbus targeting 100% SAF capability by 2030. 

    @Airbus @flydubai #A321neo

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  • Radiation-free diagnosis of lumbar spondylolysis: case series evaluating MRI-based synthetic CT efficacy | Egyptian Journal of Radiology and Nuclear Medicine

    Radiation-free diagnosis of lumbar spondylolysis: case series evaluating MRI-based synthetic CT efficacy | Egyptian Journal of Radiology and Nuclear Medicine

    Lumbar spondylolysis—a cortical interruption of the pars interarticularis—is a common cause of low back pain, particularly in adolescents and athletes, and confident diagnosis hinges on clear depiction of the cortical breach [13]. Conventional CT remains the reference for osseous assessment but entails ionizing radiation, whereas routine T1- and T2-weighted MRI avoids radiation yet often fails to delineate subtle cortical discontinuities. Deep learning now enables MRI-based sCT that reproduces CT-like bone contrast from routine MR sequences and may bridge this gap; however, evidence specific to lumbar pars defects remains limited [14]. Therefore, we aimed to determine whether sCT generated from 1.5 T lumbar MRI can reliably depict lumbar spondylolysis underlying spondylolysis, using conventional CT as the reference standard and benchmarking against standard MRI in a retrospective case series [15].

    Our study demonstrated that this deep learning-based sCT, derived from conventional lumbar MRI, provides diagnostic performance equivalent to that of traditional CT for identifying lumbar spondylolysis, significantly surpassing the capabilities of standard MRI sequences. The core value of sCT lies in its precise reproduction of cortical structures as seen on a CT bone window, whereas conventional T1W and T2W sequences are prone to missing non-displaced or occult fractures due to the inherent signal suppression of cortical bone [16]. In our study, the deep learning model was trained with a cycle‑consistent adversarial objective on anatomically aligned MRI–CT volumes; alignment was used to promote structural correspondence, without paired L1 supervision. This approach enhanced the visualization of subtle cortical breaches on sCT; quantitative HU agreement with CT was not evaluated [17]. In contrast to prior research that has primarily focused on large joints or other anatomical regions, we present one of the earliest clinical case series, to our knowledge, applying MRI-derived sCT specifically to lumbar spondylolysis [18,19,20].

    The practical feasibility of sCT for diagnosing lumbar spondylolysis lesions in the lumbar arch was confirmed in a series of cases. Among all three patients with lumbar spondylolysis, the diagnostic performance of sCT and conventional CT assessments showed marked consistency. Nevertheless, conventional MRI sequences faced challenges in clearly delineating the left-sided lumbar spondylolysis in one patient, highlighting the superiority of sCT over conventional MRI. Both sCT and conventional CT accurately identified the cortical disruption of the pars interarticularis. More importantly, the two modalities demonstrated high concordance in depicting the anatomical morphology of the lumbar spondylolysis. Specifically, they provided equivalent imaging information regarding crucial diagnostic details such as the course of the fracture line, the sharpness of cortical margins, and the presence of surrounding osteosclerosis. The use of sCT obviates the need for ionizing radiation and concurrently provides a pathway for identifying spondylolisthesis, osteophytic sclerosis, and related features within a single scan. Our investigation, which identified vertebral osteophytes and sclerosis in the bilateral L5 lumbar spondylolysis of a 60-year-old patient using sCT, hints at its prospective applicability in diagnosing a wide array of musculoskeletal pathologies. This innovative clinical model promises to yield dual benefits for both patients and practitioners by mitigating radiation exposure and streamlining the clinical workflow.

    In comparison with the latest international literature, numerous studies have already confirmed that sCT demonstrates high concordance with conventional CT for morphologic assessment in large joints like the hip and the cervical spine, emphasizing its global applicability in evaluating osseous structures [21,22,23]. For instance, Morbée et al. [21] and Florkow et al. [22] both reported that sCT-based depiction of hip bone structures could completely substitute for conventional CT, offering a radiation-free option suitable for large-scale screening in adolescents and young adults. van der Kolk et al. [23] further established that sCT meets the non-inferiority standard for visualizing cortical bone in the cervical spine. Our study, however, focuses on diagnosing lumbar spondylolysis, which is frequently missed on conventional MRI. We are the first to validate the utility of sCT in the diagnostic dimension of microfractures using real-world clinical data, thereby closing the loop in the application chain from the assessment of large bone structures to the visualization of micro-architectural bone injury. This highlights our study’s innovation and contribution to the field. Notably, Abel et al. [24] pioneered the use of sCT for preoperative geometric measurements of the lumbar spine, confirming its near-perfect agreement with CT for surgical planning parameters and providing a solid foundation for promoting sCT as a “single-scan, comprehensive-assessment” tool. Our work further underscores that the unique value of sCT in diagnosing microfractures has not been thoroughly explored in existing literature, a new frontier expanded by our research.

    Mechanistically, deep learning-empowered sCT effectively overcomes the physical limitations of MRI for cortical bone imaging, achieving CT-like bone contrast for morphological assessment [25]. Our sample data indicate that the discrepancies between sCT and CT in the visualization of cortical fissures and in diagnostic concordance are minimal. This “one-stop-shop,” radiation-free, holistic assessment provides a safe and efficient diagnostic pathway for high-risk cohorts such as adolescents and athletes [26]. On a clinical application level, it can also significantly reduce the healthcare costs and procedural complexities associated with repetitive, multimodal imaging.

    We acknowledge several limitations in this study. First, this proof-of-concept was established using a relatively small and specific cohort of adults with low back pain. The generalizability of our model’s performance to pediatric populations, asymptomatic individuals, or patients with varying degrees of skeletal maturity warrants validation in larger, multicenter, prospective trials. Second, our data were acquired on a 1.5 T MRI scanner. Although our model demonstrated high performance under this constraint, future research should investigate whether the use of higher field-strength magnets (e.g., 3 T) and more advanced MRI sequences could further enhance the resolution and fidelity of sCT images. Finally, this study focused on diagnostic accuracy and did not include longitudinal follow-up. Future research must correlate sCT findings with clinical outcomes, such as fracture healing rates, progression to spondylolisthesis, and response to conservative or surgical management.

    In conclusion, this study provides compelling evidence that MRI-based synthetic CT is a high-precision, radiation-free modality for the diagnosis of lumbar spondylolysis. By overcoming the intrinsic limitations of conventional MRI for cortical bone assessment, this technology offers a robust alternative to conventional CT, thereby enhancing diagnostic confidence and patient safety. The future of musculoskeletal imaging will likely involve greater integration of such AI-driven, multimodal analyses, and our work establishes a validated application that can be readily translated into clinical practice, paving the way for broader investigations into other subtle skeletal pathologies.

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  • Temenos Named a Leader in IDC MarketScape for North America Retail Digital Banking Solutions

    Temenos Named a Leader in IDC MarketScape for North America Retail Digital Banking Solutions

    GRAND-LANCY, Switzerland – NOVEMBER 18, 2025 – Temenos (SIX: TEMN), a global leader in banking technology, today announced it has been named a Leader in the IDC MarketScape: North America Retail Digital Banking Solutions 2025–2026 Vendor Assessment (doc # US52039425, November 2025).

    The IDC MarketScape evaluation analyzed 10 vendors that provide self-service digital banking solutions to the North American market. The study quantitatively and qualitatively assesses multiple characteristics that help explain a vendor’s success and position in the marketplace.

    According to the report, “Temenos Digital is well suited for midsize to large banks, credit unions, direct banks, and neobanks seeking a core-agnostic, modern digital banking platform deployable across multiple environments.”

    “IDC’s 2025/2026 North America Retail Digital Banking Solutions Vendor Assessment includes providers that support North American banks and credit unions and would be on financial institutions’ short lists for digital banking solutions,” said Marc DeCasto, Research Director at IDC. “Temenos was positioned as a Leader in that assessment, supporting retail banking, SME, corporate banking, and wealth banking across mobile, web, and branch channels, based on the organization’s scale, reliability, flexible architecture, and integration with partners that extend and strengthen the Temenos digital platform.”

    Barb Morgan, Chief Product & Technology Officer, Temenos, added:

    “We’re proud to be recognized in this IDC MarketScape as a Leader in North America retail digital banking solutions. We believe this reflects the advanced functionality, flexibility and proven track record of Temenos Digital, as well as our strategic investment in our product and go-to-market capabilities in the US. As North American financial institutions adapt to consumer expectations of more seamless, conversational and personalized banking, Temenos Digital can help them get to market fast with outstanding omnichannel experiences that drive increased efficiency and higher customer engagement.”

    Temenos Digital empowers financial institutions to deliver efficient, consistent, and secure services to customers, driving long-term loyalty. The solution provides a complete digital platform that spans the end-to-end customer lifecycle from onboarding and account opening to servicing accounts.

    According to data from the Temenos Value Benchmark, an industry-leading program with insights from approximately 170 financial institutions globally, banks that run Temenos Digital have a 52% faster customer onboarding time and a 68% higher cross-sell rate.

    Investing around 20% of revenues in R&D annually, Temenos continues to lead the way in banking innovation globally. In 2025, Temenos launched its Innovation Hub in Central Florida to fuel cutting-edge research and development for US-specific banking solutions and bring innovation closer to its North American customers. This modern, collaborative space enables financial institutions to work side-by-side with Temenos product experts to develop real-world banking solutions powered by transformative technologies such as Generative AI.

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  • We could still close the year with a rally despite AI slump

    We could still close the year with a rally despite AI slump

    The Nasdaq Composite dropped 0.84% Monday stateside as technology stocks were under pressure, with Apple, Meta and Oracle retreating more than 1% each.

    Artificial intelligence lynchpin Nvidia performed worse, losing almost 2%. CEO Jensen Huang in October said the chipmaker had "half a trillion dollars" of business on the books for 2025 and 2026. When Nvidia reports its third-quarter earnings Wednesday stateside, investors will be combing through Huang's comments for signs of strong 2026 growth, as suggested by that data point.

    The problem with promises or expectations, especially for a company that is one of the two around which the artificial intelligence universe orbits (OpenAI being the other), is that any disappointment will be disproportionately painful.

    "If they offer any even slightly muted guidance or forecast for demand for their chips, the market would take that poorly," Baird investment strategist Ross Mayfield said.

    Despite the recent sell-off in tech over concerns about high valuations and capital expenditure, some analysts think we could still end the year with a rally.

     "We continue to see a balance of bullish and bearish signals heading into year-end, but our stance remains that a year-end rally is likely," Michael Graham, analyst at Canaccord Genuity, wrote in a Monday note.

    Likewise, HSBC's chief multi-asset strategist Max Kettner on Monday said the bank thinks "the probability of a melt-up into year-end – particularly in equities – is much greater" than a potential AI bubble popping.

    If their predictions prove true, investors will have much to celebrate during the festive season — and we can worry about AI in the new year.

    What you need to know today

    And finally...

    Gold bars at the precious metal dealer Pro Aurum.

    Sven Hoppe | Picture Alliance | Getty Images

    The rich are ‘renting’ out their idle gold bars for income as prices remain at historic highs

    Gold prices have been smashing new records this year, and a growing cadre of wealthy investors and family offices are no longer content to let their gold bars sit idle in vaults. They are leasing their bullion to refiners, jewelers, and fabricators for interest, defying gold's reputation as a non-yielding asset.

    Industry veterans whom CNBC spoke to said the appeal is intuitive: investors who already plan to hold gold can earn yields paid in gold through lease payments, while jewelers and fabricators use those leases to fund the gold they need for day-to-day production. 

    — Lee Ying Shan


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  • Retrospective Study of Platelet-Rich Plasma and Its Uses in Knee Pain in a District General Hospital in the United Kingdom

    Retrospective Study of Platelet-Rich Plasma and Its Uses in Knee Pain in a District General Hospital in the United Kingdom

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  • TotalEnergies’ power play teaches Big Oil how energy transition can work – Reuters

    1. TotalEnergies’ power play teaches Big Oil how energy transition can work  Reuters
    2. TotalEnergies accelerates its gas-to-power integration strategy in Europe by acquiring 50% of a portfolio of flexible power generation assets from EPH  TotalEnergies.com
    3. Royal Mail owner gets £4.5bn stake in French oil giant  The Telegraph
    4. After Climate Push, Energy Companies Return to Fossil Fuels in Europe  The New York Times
    5. Billionaire Kretinsky Sets Sights Beyond Europe With Total Deal  Bloomberg.com

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