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,…
For decades, the smartphone screen has been the primary gateway to the digital world, shaping how people communicate, work, shop and consume information. However, the next phase of technological innovation suggests that the technology industry is no longer focused solely on building better screens. Instead, leading companies are investing heavily in artificial intelligence-powered wearable devices…
The European Union’s latest action against Meta marks a significant shift in the global debate over digital regulation, moving beyond content moderation to the design of social media platforms themselves. Rather than focusing solely on harmful posts or illegal material, European regulators are questioning whether the architecture of platforms such as Facebook and Instagram intentionally…
The rapid creation of wealth through artificial intelligence companies and technology-related public listings is reshaping one of the world’s most influential consumer markets. While luxury brands initially viewed a growing class of AI millionaires as the ideal customers to revive slowing sales, emerging spending patterns suggest the industry’s biggest opportunity may also be its greatest…
The legal dispute between Apple and OpenAI marks a significant turning point in the rapidly evolving artificial intelligence industry, highlighting how competition is expanding beyond software into consumer hardware. While artificial intelligence companies initially competed on the performance of language models and cloud-based services, the next phase of the industry is increasingly focused on developing…
Tesla’s continued growth in China-made electric vehicle sales highlights how the company’s global strategy is becoming increasingly dependent on the performance of its Shanghai factory, the resilience of Chinese production and a gradual recovery in European demand. Although June marked the eighth consecutive month of year-on-year growth for vehicles manufactured at Tesla’s largest overseas plant,…
Uber’s decision to pause much of its planned food delivery expansion across Europe reflects a broader shift in corporate strategy rather than a retreat from one of the world’s most competitive digital delivery markets. Instead of pursuing rapid geographic growth, the company appears to be concentrating resources on strengthening its existing operations while simultaneously pursuing…
Christine Lagarde’s willingness to leave the European Central Bank before the end of her mandate has shifted attention beyond questions about her personal political future to a broader debate over Europe’s direction and France’s role within it. According to sources familiar with her recent remarks, the ECB President has deliberately left open the possibility of…
Artificial intelligence has become as much a contest for capital and strategic partnerships as it is a race for technological innovation, prompting governments to compete aggressively for investments that will define the next generation of digital infrastructure. According to sources familiar with recent engagements between political leaders and technology companies, French President Emmanuel Macron and…
Fresh diplomatic efforts involving the United States and Iran have shifted attention to Doha, where both countries are dispatching delegations amid conflicting accounts over whether direct negotiations will actually take place. The uncertainty surrounding the planned engagements reflects the fragile state of a recently agreed ceasefire framework and highlights the broader challenge of transforming military…
The steady decline in the United States Strategic Petroleum Reserve has highlighted the difficult balance between responding to immediate energy market disruptions and preserving long-term energy security. Official data show that crude oil held in the government’s emergency reserve has fallen to its lowest level since 1983 after another significant weekly drawdown, reflecting the continuing…
business-gurus.com 