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 FIFA World Cup has once again become one of the biggest commercial battlegrounds for the global sportswear industry, but early market indicators suggest that Adidas is extracting greater business value from football’s biggest tournament than its long-time rival Nike. While both companies have invested heavily in sponsorships, team partnerships and merchandising, early sales data…
As prolonged heatwaves become an increasingly common feature of European summers, they are reshaping consumer behavior and creating unexpected commercial opportunities for Asia’s leading air-conditioner manufacturers. Record-breaking temperatures across several European countries have accelerated demand for cooling solutions, prompting households, businesses and public institutions to invest in air-conditioning systems at levels rarely seen before. The…
Europe’s latest heatwave has exposed a growing weakness in the continent’s education system, with thousands of schools forced to close, shorten teaching hours or adopt emergency measures as classrooms become dangerously hot. What was once considered an occasional disruption is increasingly becoming a recurring challenge, raising questions about whether Europe’s schools are equipped for a…
The planned US stock market listing by South Korea’s SK Hynix represents more than a large fundraising exercise. It highlights how the artificial intelligence boom is reshaping capital markets, forcing semiconductor companies to secure unprecedented amounts of funding to expand production, develop advanced technologies and maintain their positions in an increasingly competitive industry. As demand…
The latest extreme heatwave across Europe has demonstrated how a specific atmospheric phenomenon can transform a period of hot weather into a prolonged public safety, economic and infrastructure crisis. While rising global temperatures have increased the likelihood of heatwaves, meteorologists say the severity and persistence of some of Europe’s most damaging heat events are often…
The challenge facing Binance in Europe has become a defining example of how the cryptocurrency industry’s relationship with regulators is entering a new phase. For years, major crypto platforms expanded rapidly across multiple jurisdictions, often benefiting from fragmented regulatory frameworks and evolving oversight. Today, however, the landscape is changing as governments introduce comprehensive rules designed…
Tata Communications and its joint venture partner, Singapore-based ST Telemedia, are facing one of the most significant operational challenges in their Indian data centre business after a fire at the STT Global Data Centres India facility in New Delhi caused extensive damage and complicated efforts to restore affected systems and customer data. The incident has…
Amazon’s Prime Day sales event has evolved far beyond a promotional shopping festival. What began as a membership-driven retail event designed to boost customer engagement has increasingly become a barometer of consumer confidence, household finances and spending priorities in the United States. As inflationary pressures, higher borrowing costs and elevated living expenses continue to influence…
The rapid adoption of artificial intelligence across the advertising industry is creating a new regulatory challenge for policymakers, businesses and consumers alike. As companies increasingly use AI to generate marketing images, enhance product visuals, create promotional videos and personalize advertising campaigns, regulators are grappling with a fundamental question: when should consumers be told that artificial…
India’s liquefied petroleum gas import pattern is undergoing a significant transformation as the country increasingly turns to the United States to secure cooking fuel supplies amid disruptions in traditional supply routes. What was initially intended as a gradual diversification strategy has accelerated into a major realignment of sourcing decisions, highlighting how geopolitical events can rapidly…
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