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,…
Europe is preparing for a significant shift in the future of satellite communications as policymakers consider opening part of the region’s mobile satellite spectrum market to foreign low-earth-orbit operators while still reserving a majority share for European companies. The proposal reflects the increasingly delicate balancing act facing the European Union as it attempts to strengthen…
The growing convergence between artificial intelligence and biotechnology is rapidly reshaping how scientists approach drug discovery, with major research institutions and technology-backed initiatives increasingly turning to advanced AI systems capable of modelling the hidden rules governing human biology. The latest development comes from Chan Zuckerberg Biohub, the biomedical research initiative backed by Mark Zuckerberg and…
The global mining industry is entering a period where scale, financial strength, and operational reach are becoming increasingly critical, prompting major investors to support the idea of larger mergers and acquisitions among the world’s biggest resource companies. Asset managers and institutional investors are signalling that consolidation may be necessary if miners are to secure the…
Britain’s largest retailers are escalating demands for urgent customs reform as concerns grow that low-value import rules are creating an uneven competitive environment that increasingly favours overseas e-commerce platforms shipping directly from China. Major retail groups argue that the rapid rise of ultra-low-cost online marketplaces has exposed structural weaknesses in the United Kingdom’s import framework,…
The growing dispute between the Pentagon and SpaceX over wartime pricing for Starlink satellite communications has exposed a larger and increasingly uncomfortable reality inside U.S. national security circles: the American military has become deeply dependent on a private technology company for some of its most critical battlefield communications infrastructure. The tensions, which intensified during military…
Ferrari’s unveiling of the fully electric Luce represents the culmination of a decade-long technological and strategic transformation that has gradually pushed the iconic Italian carmaker toward one of the most difficult transitions in the history of the luxury automotive industry. The launch arrives at a moment when many high-performance brands are slowing their electric ambitions…
BP’s abrupt decision to remove Chairman Albert Manifold over what the company described as “serious” concerns related to governance oversight and conduct has intensified scrutiny over leadership stability at one of Europe’s largest energy companies at a time of major strategic transition across the global oil and gas industry. The unexpected dismissal triggered a sharp…
Eli Lilly’s decision to spend nearly $4 billion acquiring three vaccine-focused biotechnology companies marks a significant strategic expansion for the pharmaceutical giant as it seeks to reduce long-term dependence on the booming obesity drug market and strengthen its position in future areas of infectious disease prevention. The acquisitions signal how major drugmakers are increasingly using…
Italy’s dismantling of a sophisticated €300 million streaming piracy operation is increasingly being viewed as more than another enforcement action against illegal entertainment distribution. Investigators say the network exposed a broader transformation taking place across the global piracy economy, where increasingly advanced digital systems are allowing criminal operators to bypass conventional streaming protections, exploit legitimate…
The sharp decline in global cocoa prices is beginning to reverse one of the most significant shifts the chocolate industry experienced during the recent commodity shock: the gradual move away from real cocoa toward cheaper chocolate alternatives and reformulated products. After more than a year in which manufacturers reduced cocoa content, shrank product sizes and…
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