In a significant development U.S.-headquartered digital currency exchange CrossTower has set up a local unit in India and has launched a trading platform to increase its traction in the burgeoning domestic crypto market. The development comes at a time when the fate of cryptocurrency is still unclear in India. CrossTower India has hired 35 people…
On Monday, Oliver Blume, the CEO of luxury sports car maker Porsche AG said, the carmaker is attracting huge demand for its all-electric coupe Taycan model, causing wait times to stretch to up to six months. “Our original production capacity for the Taycan was 20,000 units this year – we’ve sold that many in the…
On Friday, China’s Semiconductor Manufacturing International Corp said, it will invest $8.87 billion to build a chip plant in Shanghai. The development underscores Beijing’s efforts to boost its independence in the chip manufacturing sector. The development comes at a time when global chipmakers are struggling to fulfill orders from the electronics and automotive industries triggering new…
In a statement the CEO of global cryptocurrency exchange Binance said, its U.S. arm could potentially see an initial public offering in the next three years. “Binance.US is just going to do what Coinbase did,” said Zhao. He went on to add, Binance.US is set to close on a large private funding round in the…
On Wednesday, in a statement Royal Dutch Shell announced its plans to significantly expand its network of electric vehicle charging points in Britain. Shell plans on installing 50,000 on-street charging stations by 2025; it plans on implementing its plan through ubitricity, an on-street charging point company that it acquired earlier this year in February. Incidentally,…
The decision by Uber and Lyft to partner with Baidu for robotaxi trials in the United Kingdom marks a pivotal moment in the global race to commercialise autonomous transport. Far from being a narrow technology experiment, the move reflects deeper shifts in regulation, platform strategy and geopolitical competition, with London emerging as a rare convergence…
Larry Ellison’s decision to personally guarantee $40.4 billion in equity financing for Paramount Skydance’s bid for Warner Bros Discovery marks one of the most consequential individual interventions in modern media dealmaking. More than a gesture of confidence, the move fundamentally alters the credibility, risk profile and strategic logic of a transaction that sits at the…
Hedge funds have begun to turn decisively more cautious on U.S. healthcare providers, reflecting growing concern that a shifting policy backdrop is about to collide with already strained industry economics. After months of steady positioning, funds last week became net sellers of healthcare stocks for the first time in more than three months, a reversal…
France’s attempt to temporarily shut down Shein has exposed the legal and political limits of national enforcement against global e-commerce platforms, even as public outrage over harmful products intensifies. A Paris court’s decision to block a three-month suspension of Shein’s marketplace—while ordering stricter safeguards on adult content—has reshaped the confrontation from a question of moral…
For much of the past three years, Google appeared uncomfortably close to losing the position it had held for two decades as the internet’s default gateway. The shock arrival of generative AI tools, led by OpenAI, did not merely introduce a new product category; it challenged the foundations of Google’s search-driven business model. As conversational…
Zara’s decision to use artificial intelligence to generate fashion imagery based on real-life models marks a pivotal moment in how the global fashion industry is rethinking visual production. What appears to be a technical adjustment in content creation is, in reality, a signal of deeper structural change. By blending AI-generated visuals with traditional modelling practices,…
Nike’s latest earnings underscored a central tension shaping the company’s attempted revival: the strategic choices required to stabilise relevance and rebuild demand are colliding head-on with profitability. Despite revenue landing slightly ahead of expectations, the sportswear giant reported a second consecutive quarterly decline in gross margins, reinforcing investor concerns that the turnaround under chief executive…
After more than four years of regulatory pressure, political brinkmanship, and legal uncertainty, ByteDance’s decision to formalise a U.S.-controlled joint venture to operate TikTok’s American app marks a strategic recalibration rather than a simple divestment. The agreement reflects a carefully engineered compromise that allows TikTok to continue operating in its largest overseas market while addressing…
European Union leaders’ decision to fund Ukraine through joint borrowing rather than directly mobilising frozen Russian central bank assets marks a significant shift in the bloc’s financial and political strategy. While the headline outcome is a €90 billion support package for 2026–27, the deeper story lies in how legal risk, internal divisions, and market credibility…
A striking reversal is unfolding in China’s labour market. After decades in which ambition, innovation and rising incomes drew graduates toward private enterprise, record numbers of young people are now competing fiercely for government positions. The surge is not driven by nostalgia for state employment alone, but by a convergence of economic uncertainty, shifting social…
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