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,…
Apple has reclaimed the title of the world’s most valuable company, overtaking Nvidia in a shift that reflects more than a simple change in market rankings. The development signals a broader reassessment of how investors expect artificial intelligence to create value over the coming years. For much of the past year, companies supplying the computing…
Burberry’s latest quarterly performance illustrates how geopolitical events are becoming an increasingly important factor shaping the fortunes of global luxury brands. While the British fashion house delivered sales growth in line with market expectations and continued its recovery in key markets such as the United States and China, renewed conflict in the Middle East disrupted…
Shein’s long-awaited initial public offering is emerging as more than a test of investor appetite for one of the world’s largest fast-fashion retailers. It is becoming a measure of how global investors value cross-border e-commerce businesses at a time when governments are steadily dismantling many of the trade advantages that helped fuel their rapid expansion.…
Richemont’s stronger-than-expected quarterly sales have provided an early boost to investor confidence in the global luxury sector, but they have also raised a more important question: whether the Swiss group’s performance represents the beginning of a broader industry recovery or simply reflects strengths unique to its own business. The owner of Cartier, Van Cleef &…
Four decades after Slow Food emerged in Italy as a protest against the spread of fast-food culture, the movement is entering a new phase driven less by protecting culinary traditions and more by responding to global agricultural challenges. Climate change, biodiversity loss, pressure on small farmers, fragile food supply chains and growing concerns over food…
For years, Africa’s retail landscape appeared to present formidable barriers to international e-commerce companies. Limited banking access, incomplete addressing systems, fragmented logistics networks and relatively low online shopping penetration discouraged many global retailers from establishing direct operations across much of the continent. Yet consumers in numerous African countries are increasingly purchasing products from Amazon, Walmart…
As inflation reshapes consumer spending and households become increasingly selective about everyday purchases, discount supermarket chain Aldi is accelerating its expansion across the United States with a strategy that goes beyond offering cheaper groceries. Industry analysts and retail executives say the company’s growing appeal lies in its ability to deliver consistently low prices through an…
The rapid expansion of fitness influencers across social media has transformed the way health, bodybuilding and wellness products are marketed. Platforms once dominated by workout advice and nutrition tips have evolved into powerful commercial ecosystems where creators build loyal audiences, promote supplements and cultivate personal brands. Investigations and expert analysis now suggest that this commercial…
Artificial intelligence is reshaping the global semiconductor industry at a pace that manufacturers are struggling to match. Industry executives and market analysts increasingly believe that the challenge facing memory chipmakers is no longer generating demand but producing enough advanced memory to satisfy it. Forecasts from leading companies suggest the supply gap could widen significantly over…
For decades, PepsiCo built one of the world’s most successful consumer businesses by capitalising on a simple behavioural pattern: people increasingly snacked between meals. Brands such as Lay’s, Doritos, Cheetos and Ruffles became household staples, while Pepsi beverages complemented a growing convenience-food culture. Today, however, the company faces a more fundamental challenge than temporary economic…
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