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 expansion of artificial intelligence infrastructure in the United States is encountering a problem that cannot be solved simply by investing more money or building larger data centres. Technology companies are discovering that communities hosting these facilities increasingly want a greater say in how they are developed, how much electricity they consume and who ultimately…
The future ownership of the Armani fashion house is emerging as one of the most significant succession questions in the global luxury industry. Following the death of founder Giorgio Armani, the family controlling the business is considering a stock market listing rather than selling the company outright to a major luxury group. The preference reflects…
The rapid development of artificial intelligence shopping agents could change one of the most profitable aspects of online retail: the ability of major retailers to influence what consumers discover and purchase. For companies such as Amazon and Walmart, digital advertising is no longer simply an additional source of revenue. It has become an important part…
Elon Musk’s growing business empire in Texas could face a more complicated regulatory and political environment following the Democratic Party’s gains in the November midterm elections. The defeat of Republican Governor Greg Abbott by Democrat Gina Hinojosa, alongside the Democrats’ capture of both chambers of Congress, has created fresh uncertainty for companies whose expansion plans…
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…
