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 artificial intelligence systems expand across industries and geographies, scrutiny over their environmental footprint has intensified. OpenAI Chief Executive Sam Altman has entered that debate forcefully, rejecting claims that AI systems such as ChatGPT consume excessive water per query and arguing that energy comparisons between machines and humans are often framed misleadingly. His remarks reflect…
Renault is moving to assume full ownership of Flexis, the electric van joint venture it launched with Volvo Group and later joined by shipping major CMA CGM, in a decisive step that underscores the carmaker’s effort to centralize control over its next-generation commercial vehicle strategy. The agreement, expected to be completed by the first half…
Shares of IDFC First Bank plunged sharply after the lender disclosed suspected fraudulent transactions amounting to about ₹5.9 billion, triggering a swift reassessment of risk among investors and exposing the fragile psychology that often surrounds mid-sized financial institutions. The stock dropped as much as 20% intraday before trimming losses, marking one of its steepest single-session…
A year ago, videos of China’s humanoid robots wobbling through public demonstrations invited skepticism and online mockery. Machines stumbled during marathon trials, faltered in balance tests, and appeared more theatrical than practical during televised performances. Twelve months later, the same category of robots is executing aerial flips, coordinated kung fu routines, and tightly synchronized choreography…
The euro zone’s sharper-than-anticipated drop in inflation has prompted renewed debate inside the European Central Bank about the forces reshaping price dynamics. While energy base effects and softer domestic demand played their part, a less conspicuous but increasingly influential driver has been the surge in competitively priced imports from China. The influx has exerted downward…
When Rick Woldenberg assumed leadership of his family’s educational toy company nearly three decades ago, his priorities revolved around product design, distribution logistics and classroom innovation. Litigation against the federal government was not part of the business plan. Yet a sweeping tariff regime transformed the Illinois-based company into an unlikely protagonist in one of the…
Oil markets are bracing for the possibility of U.S. military strikes against Iran, with traders increasingly factoring geopolitical risk into crude prices as tensions mount in the Middle East. President Donald Trump has signaled that a decision on potential action could come within days, amplifying uncertainty across energy markets already sensitive to supply disruptions and…
President Donald Trump has directed federal agencies to begin preparing the release of government files related to unidentified flying objects and alleged extraterrestrial encounters, reviving a decades-long public fascination with what officials now more commonly describe as “unidentified anomalous phenomena.” The order, aimed at the Pentagon and other national security agencies, marks a politically charged…
A broad majority of Americans believe that the release of records connected to Jeffrey Epstein confirms a long-standing suspicion: that wealth and political influence often insulate elites from meaningful consequences. The findings of a national Reuters/Ipsos poll reflect not only reactions to the latest disclosures but also a deeper crisis of confidence in institutions that…
Africa’s largest economies are emerging as pivotal engines of growth in the global stablecoin market, reflecting a deeper transformation in how individuals and businesses across the continent move and store value. New survey data indicate that Nigeria and South Africa are leading demand for dollar-pegged digital tokens, driven by currency volatility, high remittance costs and…
business-gurus.com 