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 has launched an ambitious new effort to strengthen its technological independence, but industry leaders, policymakers, and analysts increasingly agree that achieving meaningful sovereignty in critical digital sectors will require years of investment, infrastructure development, and industrial expansion. According to reported developments surrounding the European Union’s latest technology sovereignty package, the bloc is attempting to…
India’s booming initial public offering market has become one of the most attractive destinations for global corporations seeking to unlock value from long-held investments, creating a trend in which foreign parent companies are increasingly using local stock market listings to transfer profits back to their home markets rather than raise fresh capital for expansion. According…
The economic consequences of geopolitical conflicts are often measured through oil prices, inflation rates, and market volatility. Yet the longer-term effects can be far more complex, particularly when external shocks interact with structural trends already reshaping an economy. Recent market developments linked to tensions involving Iran have renewed debate among economists and policymakers about a…
France’s ambition to become one of Europe’s leading artificial intelligence hubs is receiving a major boost from a planned multibillion-euro investment by SoftBank, highlighting how competition for AI leadership is increasingly shifting from software development to the physical infrastructure that powers advanced computing. The Japanese technology investment group has outlined plans for a large-scale expansion…
Guyana’s emergence as one of the world’s newest oil powers is increasingly becoming a case study in how resource wealth can reshape a national economy. As geopolitical tensions in major producing regions influence global energy markets and push oil prices higher, the South American nation finds itself in a position few countries have experienced: rapidly…
Health authorities are accelerating efforts to identify effective medical countermeasures against the Bundibugyo strain of Ebola as outbreaks in the Democratic Republic of the Congo and Uganda highlight a longstanding challenge in infectious disease preparedness: how to respond quickly when a dangerous virus emerges but proven treatments and vaccines remain limited. The World Health Organization…
The rapid integration of digital assets into the traditional financial system is creating a new challenge for regulators, banks, and policymakers: how to manage financial shocks when cryptocurrency markets and banking institutions become increasingly interconnected. Comments from a senior executive at Italy’s UniCredit have renewed debate over whether Europe possesses the same crisis-management tools that…
Blue Origin’s ambitions to emerge as a serious competitor in the commercial launch industry have suffered a significant setback following an explosion that heavily damaged infrastructure associated with its New Glenn rocket program. While investigations into the exact cause continue, industry experts and company observers believe the incident could trigger months of delays, disrupting satellite…
Nvidia’s recent wave of investments into photonics companies highlights a growing belief within the technology industry that the next major challenge in artificial intelligence is no longer simply creating more powerful chips. Instead, the focus is increasingly shifting toward how data moves between those chips, servers, and data centers. As AI models become larger and…
Global merger and acquisition activity is gathering momentum once again, with corporate boardrooms increasingly driving a wave of dealmaking that investment bankers believe could push transaction volumes close to the record levels achieved during the post-pandemic boom. Goldman Sachs, one of the world’s most influential advisers on mergers and acquisitions, has indicated that industry-wide activity…
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