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,…
Bitcoin’s move above $85,000 marks more than a recovery from a recent selloff. It shows that demand for the cryptocurrency has strengthened even while several conditions that normally challenge speculative assets remain in place. Bitcoin briefly reached about $85,229 on September 21, its highest level since January, after gaining more than 7 percent over five…
Volkswagen’s removal from the Euro Stoxx 50 is the latest visible consequence of a much deeper problem at one of the world’s largest carmakers. The index change itself does not alter the company’s factories, sales or balance sheet, but it reflects a sustained decline in market value at a time when Volkswagen is simultaneously confronting…
Tesla’s latest racial discrimination trial carries significance beyond the allegations made against individual employees at its Fremont factory. The case places years of complaints, regulatory investigations and separate lawsuits into a broader legal examination of whether the company adequately addressed alleged racial harassment and unequal treatment of Black workers. The central issue is therefore not…
The aerospace industry is beginning to revisit materials once considered outdated because dependence on a concentrated rare-earth supply chain has become a strategic vulnerability. The renewed interest in older ceramic coatings is not driven by technological nostalgia. It reflects a more immediate concern: modern aircraft engines rely on specialised materials whose supply can be disrupted…
August 2026 exposed a growing problem in the global climate system: extreme heat is no longer appearing only as isolated weather events but increasingly as a sustained condition affecting land, oceans, agriculture, water supplies and infrastructure at the same time. The month became the joint hottest month ever recorded globally, matching July 2023, with the…
Anthropic’s new financial adviser tool marks a significant shift in how artificial intelligence is entering wealth management. Instead of positioning Claude simply as a general purpose chatbot that can answer financial questions, Anthropic is connecting it directly to the systems advisers already use to manage portfolios, maintain client records, prepare financial plans and document meetings.…
Mondelēz International’s decision to produce chocolate crumb locally at its Cadbury plant in Malaysia illustrates how multinational manufacturers are redesigning supply chains around speed and resilience rather than relying solely on the lowest sourcing cost. By investing about 90 million Malaysian ringgit in a new crumb facility at Shah Alam, the company can eliminate the…
The return of some manufacturing to China is exposing a weakness in the tariff-driven supply chain strategy that encouraged companies to move production elsewhere. Businesses that shifted orders to countries such as India, Vietnam and Indonesia to reduce exposure to United States tariffs are discovering that lower duties do not necessarily translate into lower overall…
Britain is entering its next budget with a narrower margin for fiscal manoeuvre after the government paid a record yield to borrow over 30 years. The sale of 4.25 billion pounds of long-term government bonds at a yield of 5.8168 percent was the highest recorded in the modern gilt market since the Debt Management Office…
US Republican party candidates are increasingly making Islam and Muslim identity part of their campaign messaging ahead of the 2026 United States midterm elections, turning questions about terrorism, national security, religion and political loyalty into electoral issues. The pattern is visible in attacks on Abdul El-Sayed, a Muslim Democrat running for the Senate in Michigan,…
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