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,…
As diplomatic efforts intensify around a possible new understanding between Washington and Tehran, attention has returned to the 2015 nuclear agreement that once served as the foundation of international efforts to limit Iran’s nuclear activities. Any future arrangement will inevitably be measured against that accord, not only because of its historical significance but also because…
SpaceX’s public market debut delivered one of the most dramatic valuation milestones in modern financial history, propelling the company beyond the $2 trillion mark and placing it among the most valuable corporations in the United States. Yet the significance of the listing extends beyond its sheer size. The enthusiasm surrounding the company has highlighted a…
Air New Zealand’s decision to prepare for elevated jet fuel prices well into its 2027 financial year is emerging as a case study for a broader challenge confronting airlines worldwide. What initially appeared to be a temporary energy shock has increasingly become a strategic planning assumption across the aviation industry, forcing carriers to rethink pricing,…
The planned public listing of Elon Musk’s SpaceX is generating excitement far beyond Wall Street, with market participants, investment platforms, and financial industry executives pointing to the offering as a potential turning point for retail investing across Europe. While the proposed listing has attracted attention because of its record-breaking size and valuation, another aspect of…
Hollywood’s latest blockbuster transaction is not merely another corporate merger. The proposed acquisition of Warner Bros. by Paramount represents the culmination of a decades-long transformation that has steadily reduced the number of major players controlling the global entertainment industry. According to reported plans, the deal would combine two of the most recognizable names in film…
The sharp selloff that erased roughly $1.3 trillion in market value from publicly traded semiconductor companies has become one of the clearest reminders that even the strongest market trends are vulnerable to changing investor expectations. While artificial intelligence remains one of the most powerful forces driving global technology investment, recent market turbulence has highlighted the…
India’s economy expanded at a faster-than-anticipated pace during the January-March quarter, reinforcing its position among the world’s fastest-growing major economies even as policymakers confront a more challenging global environment. The stronger-than-expected growth performance reflects the resilience of domestic demand, government-led infrastructure spending, expanding services activity, and a gradual improvement in external trade conditions during part…
SpaceX’s planned public market debut is drawing attention not only because of its record-breaking fundraising ambitions but also because of the extraordinary financial projections being attached to its future growth. Reports citing people familiar with discussions surrounding the company’s initial public offering indicate that major investment banks expect SpaceX to evolve far beyond its origins…
Europe has launched an ambitious new effort to strengthen its technological independence, but industry leaders, policymakers, and analysts increasingly agree that achieving meaningful sovereignty in critical digital sectors will require years of investment, infrastructure development, and industrial expansion. According to reported developments surrounding the European Union’s latest technology sovereignty package, the bloc is attempting to…
India’s booming initial public offering market has become one of the most attractive destinations for global corporations seeking to unlock value from long-held investments, creating a trend in which foreign parent companies are increasingly using local stock market listings to transfer profits back to their home markets rather than raise fresh capital for expansion. According…
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