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,…
An all-electric compact car in China will be launched next year by Japan’s an all-electric compact car in China, said a report from news agency Reuters, quoting information from sources with knowledge of the matter. The vehicle is reported to have been made with the help of Toyota’s local Chinese partner BYD which supplied the…
American Express Global Business Travel (GBT) is set to get publicly listed at the stock market through a merger with a blank-check startup funded by Apollo Global Management Inc in a deal worth an estimated $5.3 billion, the company said on Friday. The company expects to achieve gross proceeds of up to $1.2 billion, including…
BioNTech should be able to change its coronavirus vaccine swiftly in reaction to the Omicron variant, and the next few weeks will demonstrate how urgently an upgrade is required, according to BioNTech CEO Ugur Sahin, who spoke at the Reuters Next conference on Friday. People should continue to seek out the established injection, which was…
GlaxoSmithKline (GSK) said on Thursday that laboratory testing of the antibody-based Covid-19 treatment that it is developing in partnership with the United States based from Vir has shown that the medicine is effective against the Omicron variant of the novel coroanvirus. According to a statement made public by GSK, lab testing and a hamster research…
According to the director of South Africa’s communicable disease institution, the omicron variant of the coronavirus discovered in southern Africa might be the most probable contender to replace the highly infectious Delta vartiant. The discovery of omicron has sparked widespread concern, with governments restricting travel from southern Africa out of worry that the virus may…
The global shortage of semiconductors that started earlier is slated to continue to well into the next year, warned Volvo Cars. The global auto industry is one of the sectors that has been significantly impacted by the global shortage of chips. The warning was issued by the company as it reported a drop in its…
According to Moderna’s chief medical officer, Omicron, a novel coronavirus strain, may evade the current generation of Covid-19 vaccinations. In the next weeks, scientists should know more about vaccinations’ capacity to give protection, according to Paul Burton. “These mutations – at least 30 of them in the spike protein alone, nine of them known to…
A section of former employees of Google has filed a lawsuit against their former employer’s Alphabet Inc unit on Monday. The plaintiffs claimed that the company violated the terms of their employment agreements as it had not followed its infamous mantra “don’t be evil.” In the suit filed at California State Court in Santa Clara…
Twitter Inc Chief Executive Officer Jack Dorsey will step down from his position and a replacement is being drafted an individual who was aware of the matter said to Reuters. The board of directors at the company has been working on Dorsey’s departure from the company since last year, a source told. The announcement comes…
The efforts to create green jobs should be intensified to the extent that there is a chance for the UK administration is going to meet its goal of 2 million jobs in 2030, as per the report. Jobs that are tied in the Green Economy made up for 1.2 percent of all jobs advertised in…
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