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,…
Japan is looking for alternative ways to finance its ambitious economic investment programme as falling technology shares expose the vulnerability of government revenue and add pressure to an already complicated fiscal position. Prime Minister Sanae Takaichi’s decision to use proceeds linked to the Bank of Japan’s sales of exchange-traded funds reflects a wider effort to…
The sharp fall in technology shares following the 2026 US midterm elections has exposed how vulnerable the artificial intelligence investment boom has become to political and financial uncertainty. Investors reacted to the prospect of a Democratic-controlled Congress introducing stricter oversight of AI development and data-centre construction, raising concerns that infrastructure projects could face delays, higher…
Singapore Airlines’ decision to invest more than $2 billion Singapore dollars in its long-haul cabin products reflects a growing belief among major international carriers that premium travel will remain an important source of commercial advantage. The investment, valued at approximately $1.6 billion US dollars, will cover new seating arrangements across first class, business class, premium…
Meta’s decision to suspend planned changes to its commercial and advertising terms highlights the growing tension between technology platforms and the businesses that depend on them. The company had intended to introduce revised conditions covering commercial activities, product catalogues, self-service advertising and the use of generative artificial intelligence in advertising. However, the changes, originally scheduled…
Airbnb’s stronger financial outlook suggests that the global travel market remains capable of supporting growth despite increasing caution among established online travel companies. The vacation-rental platform has raised its full-year revenue growth expectations after reporting a strong third quarter, indicating that demand for leisure travel and its expanding range of services are providing additional commercial…
The European Union’s action against TikTok marks a significant escalation in the debate over how social media companies use artificial intelligence to influence user behaviour. The central issue is no longer simply whether platforms remove illegal content or protect children from inappropriate material. Regulators are increasingly examining how the underlying technology determines what people see,…
The expansion of artificial intelligence infrastructure in the United States is encountering a problem that cannot be solved simply by investing more money or building larger data centres. Technology companies are discovering that communities hosting these facilities increasingly want a greater say in how they are developed, how much electricity they consume and who ultimately…
The future ownership of the Armani fashion house is emerging as one of the most significant succession questions in the global luxury industry. Following the death of founder Giorgio Armani, the family controlling the business is considering a stock market listing rather than selling the company outright to a major luxury group. The preference reflects…
The rapid development of artificial intelligence shopping agents could change one of the most profitable aspects of online retail: the ability of major retailers to influence what consumers discover and purchase. For companies such as Amazon and Walmart, digital advertising is no longer simply an additional source of revenue. It has become an important part…
Elon Musk’s growing business empire in Texas could face a more complicated regulatory and political environment following the Democratic Party’s gains in the November midterm elections. The defeat of Republican Governor Greg Abbott by Democrat Gina Hinojosa, alongside the Democrats’ capture of both chambers of Congress, has created fresh uncertainty for companies whose expansion plans…
