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 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…
Target’s growing focus on babies, young children and family-oriented shopping is becoming central to a broader effort to rebuild long-term customer loyalty at a time when the American retail industry is facing mounting pressure from inflation, discount competition and changing consumer behaviour. What may appear on the surface as a simple expansion of baby products…
SpaceX’s massive public market valuation reflects far more than confidence in rockets or satellite internet. Investors backing the company’s nearly $2 trillion market debut are effectively wagering that Elon Musk can transform a capital-intensive space enterprise into a dominant artificial intelligence and infrastructure powerhouse capable of reshaping multiple industries simultaneously. The company’s extraordinary valuation places…
Nvidia is intensifying its push into next-generation data center infrastructure as the company attempts to sustain explosive growth in the global artificial intelligence market through new chip platforms, broader customer expansion and deeper integration into AI computing systems. The company’s latest financial outlook, which exceeded market expectations, reinforced Nvidia’s central position in the rapidly expanding…
British luxury fashion house Burberry is showing early signs of operational recovery after years of uneven performance, but growing geopolitical instability and softer consumer spending across key international markets are complicating the pace of its turnaround. The company’s latest results highlighted improving momentum in the United States and China while also revealing how conflict-linked disruptions…
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