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,…
Military confrontation involving Iran does not remain confined to the battlefield. It reverberates through oil terminals, tanker routes, insurance markets and central bank forecasts. When the United States and Israel launched coordinated strikes on Iranian targets, the immediate military consequences were only one dimension of the crisis. The deeper and more enduring question concerns energy…
Financial markets have grown accustomed to absorbing geopolitical shocks with surprising resilience. Trade disputes, regional flare-ups, sanctions regimes and even leadership upheavals have often produced sharp but short-lived volatility. The U.S. decision to launch major combat operations against Iran, however, presents a fundamentally different order of risk—one that investors widely view as carrying broader and…
Deep beneath the sands east of Saudi Arabia’s giant Ghawar oilfield, a transformation is underway that could reshape the kingdom’s energy model for decades. Saudi Aramco’s development of the Jafurah unconventional gas basin represents more than another upstream project; it is a strategic attempt to replicate elements of the U.S. shale revolution in one of…
Across major European cities, the sale of individual bedrooms rather than entire apartments has emerged as a telling symbol of how far the housing crisis has advanced. What once would have been considered an improvised rental arrangement has evolved into a formalized business model: individuals purchasing a single room in a flat shared with strangers,…
Syngenta Group is preparing to restart its long-anticipated return to public markets, with plans to initiate the process in the second quarter for what could become a Hong Kong initial public offering worth up to $10 billion. If completed at that scale, the listing would rank among the largest globally in recent years and mark…
Dell Technologies is positioning its artificial intelligence-optimized server business as the central growth engine of the company, forecasting that revenue from AI-focused systems will double by fiscal 2027. The projection reflects not only confidence in internal execution but also a structural shift in global technology spending, as enterprises and hyperscale cloud providers race to build…
OpenAI’s decision to establish London as its largest research hub outside the United States reflects a deeper recalibration of how leading artificial intelligence companies position themselves in an increasingly competitive and politically sensitive global landscape. The move is not merely an expansion of office space; it signals the convergence of talent, regulation, capital and geopolitics…
DeepSeek’s decision to withhold early access of its latest artificial intelligence model from major U.S. chipmakers marks a subtle but significant shift in the geopolitics of advanced computing. In an industry where collaboration between software developers and hardware manufacturers has long been standard practice, the move signals a recalibration shaped less by technical necessity and…
ByteDance’s proposed secondary share sale, led by early investor General Atlantic, is poised to value the Chinese technology giant at approximately $550 billion—an inflection point that underscores the company’s transformation from a fast-growing startup into one of the world’s most valuable privately held enterprises. The transaction reflects not merely investor enthusiasm but structural forces shaping…
Samsung Electronics has unveiled its latest flagship lineup, the Galaxy S26 series, pairing new artificial intelligence integrations and hardware refinements with price increases in key markets. The launch arrives at a pivotal moment for the global smartphone industry, as soaring memory chip prices and intensifying AI competition reshape cost structures and competitive dynamics. The decision…
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