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 European Union’s latest measures targeting low-value imported parcels represent a significant attempt to change the economics of cross-border online shopping. The proposed charges could generate approximately €6 billion annually for the bloc’s budget between 2028 and 2034, according to a European Commission estimate. But the significance of the measures extends beyond additional revenue. They…
The largest American technology companies are generating record amounts of operating cash, but their ability to return that money to shareholders is being squeezed by the enormous cost of expanding artificial intelligence infrastructure. The change represents a significant departure from a financial strategy that helped support technology valuations for more than a decade, when regular…
Nike’s decision to introduce its first running shoe designed specifically for India reflects a broader change in how the sportswear company is approaching international growth. Rather than relying entirely on products developed for its largest established markets, the company is increasingly looking at local consumer behaviour, sporting preferences and price expectations to identify new opportunities.…
Starbucks is beginning to demonstrate that its efforts to rebuild customer demand and improve store performance are producing measurable results. The company’s fourth-quarter fiscal 2026 results showed stronger comparable coffeehouse sales, improved operating margins and higher earnings, providing evidence that its turnaround strategy is gaining traction. However, the improvement is not equally strong across all…
The latest retreat in global stock markets reflects a growing disagreement between technology companies and their investors over the financial returns from artificial intelligence. For several years, the expansion of AI infrastructure has been treated as a major growth opportunity, encouraging companies to spend enormous amounts on data centres, processors and computing capacity. Investors were…
Apple’s decision to introduce touchscreen MacBook Pro laptops marks a significant change in its approach to personal computing. The company has long relied on a clear distinction between its touchscreen iPhones and iPads and its laptops, which have traditionally been operated through a keyboard and trackpad. By bringing touch interaction to the MacBook Pro, Apple…
Samsung Electronics’ record third-quarter profit highlights an unusual feature of the artificial intelligence boom: the companies supplying essential technology are benefiting from a shortage that is also creating problems for their customers. The South Korean manufacturer reported operating profit of 107.4 trillion won for the July-to-September quarter, almost nine times its result a year earlier.…
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…
