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,…
Artificial intelligence has become one of the defining investment themes of the global equity market, but gaining exposure to that theme is more complicated than simply buying a broad technology or emerging-market fund. The composition of an index can determine which countries, companies and industries an investor actually owns, and that can leave significant parts…
American consumers are continuing to spend on leisure even as the cost of having fun rises. Spending on hobbies increased 7.9% year over year in August, according to card data, while transaction growth was considerably slower. That gap suggests that consumers are not simply buying more hobbies; they are also paying more for them. The…
The balance between professional investors and individual traders is shifting again in the US stock market. Retail investors played an unusually visible role during the market’s earlier phase of post-pandemic trading, but their share of trading activity has recently declined while institutional participation has become more prominent. The change does not mean individual investors have…
The artificial intelligence boom is increasingly becoming a test of financial markets as much as a test of technology. The companies building data centres, buying advanced chips and expanding computing capacity require enormous amounts of capital, and a meaningful portion of that capital is being raised through debt. That model becomes more complicated when bond…
Europe’s car market is undergoing a change that is becoming increasingly visible in sales data. New EU car registrations increased 5.3% in the first eight months of 2026, even as petrol and diesel demand fell sharply. The expansion is being supported by electrified vehicles, with battery-electric cars reaching 21.7% of the market, plug-in hybrids reaching…
Meta’s latest legal setback in New Mexico is significant not simply because of the size of the potential penalty, but because of the issue at the centre of the case: what a technology company tells consumers about how their personal information is handled. A jury found that Facebook made false or misleading statements about data…
China’s electric vehicle industry is shifting the competition from battery range toward charging time as automakers try to make electric vehicles behave more like conventional cars at the refuelling station. The latest push is toward charging most of a battery in less than ten minutes, with Geely, BYD, Li Auto and other companies developing increasingly…
The latest United Nations diplomatic week demonstrated how international diplomacy is increasingly operating through narrow openings rather than major settlements. World leaders gathered in New York amid conflicts involving Iran and Ukraine, deep disagreements over the role of the United Nations and growing concern about artificial intelligence. Yet the most tangible developments came through limited…
SK Hynix’s consideration of a potential public listing for Solidigm highlights how the artificial intelligence boom is creating value far beyond the processors that receive most of the industry’s attention. Solidigm, the US-based NAND flash memory and enterprise solid-state drive business owned by SK Hynix, is considering an initial public offering that could value the…
HSBC could be preparing to return to India’s equity broking market after more than 13 years, as the rapid expansion of the country’s capital markets and growing demand from affluent investors potentially create a more attractive opportunity than the one that existed when the bank left the business. People familiar with the matter have indicated…
