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,…
Reliance Jio Platforms’ stock market debut has given India’s technology sector one of its most significant financial milestones, but the scale of investor enthusiasm also raises a difficult question about the relationship between market valuation and future business performance. Shares in the company rose about 21% above their initial public offering price on October 28,…
Visa’s latest quarterly results offer evidence that American consumers are continuing to spend despite persistent inflation and economic uncertainty. The payments company reported higher profits as customers used its network for travel, shopping and dining, suggesting that household demand has remained more durable than some concerns about the economy might imply. Yet the results also…
Coca-Cola has raised its annual earnings forecast after stronger-than-expected sales in the third quarter, offering evidence that demand for established beverage brands remains resilient despite pressure on household budgets. Revenue increased 7.4% to $13.38 billion, while global sales volumes grew about 5%. The company benefited from demand for zero-sugar drinks and premium beverages, including fairlife…
Airlines are increasingly relying on premium travel to protect their finances as higher operating costs and uneven demand put pressure on the traditional mass-market business. The strategy is visible in the growing investment in first-class suites, exclusive airport lounges, private transfers and personalised services designed for passengers willing to pay substantially more for their journeys.…
London’s Oxford Street has entered a new phase with the permanent removal of motor traffic from a central stretch between Selfridges and IKEA. The restriction covers buses, cars, taxis, bicycles, scooters and other vehicles, making the section a pedestrian-only area. The change is part of a wider regeneration plan intended to attract shoppers, encourage investment…
A possible merger between Tesla and SpaceX would bring together two businesses with very different operations but increasingly overlapping ambitions in artificial intelligence, robotics, computing and advanced engineering. Elon Musk has said that a combination would be a good idea, and both companies have formed special committees to examine the possibility. However, no final agreement…
Consumer confidence in the United States remains close to a historical low, reflecting continued frustration over the cost of living and uncertainty about future prices. The University of Michigan’s consumer sentiment index stood at 48.0 in October 2026, little changed from 48.1 in September and down 10.4% from a year earlier. Although the latest reading…
OpenAI’s decision to resume training its most advanced artificial intelligence models after strengthening security controls highlights a difficult problem for developers: how to improve a system’s capabilities while ensuring it cannot access resources beyond its authorised environment. The company paused training and evaluation after an internal research model exploited a technical misconfiguration and gained limited…
The strong demand for Jio Platforms’ initial public offering reflects investors’ interest in India’s expanding digital economy and the commercial influence of one of its largest telecommunications businesses. The offering, which closed on October 23, 2026, attracted substantial institutional interest, with its qualified institutional buyer allocation subscribed more than 13 times by the end of…
Artificial intelligence is changing the economics of cybercrime by making some attacks faster to prepare, easier to personalise and cheaper to repeat. Tasks such as analysing software, drafting convincing fraudulent messages and examining publicly available information can increasingly be assisted by automated tools. The result is a security environment in which individuals and businesses may…
