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,…
Shein’s attempt to turn Brazil into a regional production hub was meant to solve several strategic problems at once. It would localize manufacturing closer to a fast-growing consumer base, blunt rising trade barriers against Chinese imports, and showcase a more politically palatable version of its business model built around local jobs rather than cross-border shipments.…
Novo Nordisk’s warning of “unprecedented” pricing pressure marks a turning point not just for the company, but for the broader obesity drug market that until recently appeared insulated from the usual forces of pharmaceutical competition. After years of near-exponential growth driven by soaring demand for Wegovy and related therapies, the Danish drugmaker is confronting a…
The rapid rise of tokenized gold has been closely tied to a powerful macro backdrop: surging precious metal prices, heightened geopolitical risk, and a growing appetite for alternatives to both fiat currencies and volatile cryptocurrencies. Gold-backed digital tokens promise a simple proposition—direct exposure to physical bullion combined with the speed and accessibility of blockchain markets.…
PepsiCo’s latest quarterly performance highlights a familiar but often underestimated truth in the global consumer economy: carbonated soft drinks remain remarkably resilient, even as tastes fragment, health narratives intensify, and inflation reshapes household spending. The company exceeded revenue expectations not because of a dramatic strategic pivot, but because demand for its core soda portfolio held…
The violent sell-off in silver and gold marked a decisive break from one of the most powerful commodity rallies in decades. What unfolded was not simply a reaction to a single political headline, but the rapid collapse of a crowded macro trade that had been built on fears of currency debasement, central bank politicization, and…
The conviction of a former Google engineer for stealing artificial intelligence trade secrets marks a turning point in how governments and corporations confront the security risks surrounding advanced technologies. The case is not merely about individual wrongdoing. It reflects a deeper structural tension within the global tech industry, where rapid innovation, open research cultures, and…
The release of millions of documents linked to **Jeffrey Epstein** represents one of the most expansive transparency exercises ever undertaken by the U.S. justice system. In sheer scale—millions of pages, images, and videos—the disclosure is unprecedented. Yet the true significance of the release lies less in its volume than in what it reveals about the…
The latest surge in sales at Apple marks more than a strong quarter; it signals a decisive shift in how the company’s growth engine is being perceived after years of skepticism about smartphone saturation. A 16% jump in overall revenue, driven overwhelmingly by a powerful rebound in iPhone demand, has forced markets to reassess assumptions…
The prospect of SpaceX entering merger talks with other companies controlled by Elon Musk marks a pivotal moment in the evolution of his business empire. What appears, on the surface, to be a complex reshuffling of corporate structures ahead of a potential public offering is better understood as a strategic attempt to consolidate technologies, data,…
For more than a decade, Europe’s largest crisis-response instrument has sat largely unused, a reminder of a past emergency rather than a tool for present challenges. Now, amid heightened geopolitical strain and mounting defence demands, senior policymakers are openly reconsidering its purpose. The suggestion that the **European Stability Mechanism** (ESM) could be mobilised to support…
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