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,…
SpaceX’s massive public market valuation reflects far more than confidence in rockets or satellite internet. Investors backing the company’s nearly $2 trillion market debut are effectively wagering that Elon Musk can transform a capital-intensive space enterprise into a dominant artificial intelligence and infrastructure powerhouse capable of reshaping multiple industries simultaneously. The company’s extraordinary valuation places…
Nvidia is intensifying its push into next-generation data center infrastructure as the company attempts to sustain explosive growth in the global artificial intelligence market through new chip platforms, broader customer expansion and deeper integration into AI computing systems. The company’s latest financial outlook, which exceeded market expectations, reinforced Nvidia’s central position in the rapidly expanding…
British luxury fashion house Burberry is showing early signs of operational recovery after years of uneven performance, but growing geopolitical instability and softer consumer spending across key international markets are complicating the pace of its turnaround. The company’s latest results highlighted improving momentum in the United States and China while also revealing how conflict-linked disruptions…
SpaceX is reportedly moving faster than expected toward what could become one of the largest and most closely watched public listings in modern market history, according to people familiar with the matter. Sources indicated that the rocket and satellite company founded by Elon Musk is targeting an accelerated initial public offering timeline with plans to…
The latest summit between U.S. President Donald Trump and Chinese President Xi Jinping marked more than a symbolic diplomatic engagement between the world’s two largest economies. The meeting in Beijing highlighted how both Washington and Beijing are attempting to stabilize one of the most consequential geopolitical relationships in the world while continuing to compete across…
The prolonged tariff conflict between the United States and China has transformed global manufacturing decisions, destabilized supply chains, and forced export-dependent companies into high-risk survival strategies. Few industries illustrate the consequences more clearly than the toy manufacturing sector, where years of deep integration between American retailers and Chinese factories have collided with rising geopolitical tensions…
Microsoft is increasingly exploring acquisitions and strategic partnerships with artificial intelligence startups as the company positions itself for a future in which dependence on OpenAI may no longer guarantee technological leadership. The shift reflects a broader transformation taking place across the global AI industry, where alliances once viewed as stable are evolving into more competitive…
Honda Motor has reported its first annual loss since becoming a publicly listed company, marking a dramatic turning point for one of Japan’s most recognized industrial brands and highlighting the growing financial pressure facing traditional automakers during the global transition toward electric vehicles. The loss, driven largely by massive writedowns tied to electric vehicle restructuring…
Netflix’s disclosure that it invested more than $135 billion in films and television programming over the last decade reflects how aggressively the company transformed itself from a digital distribution platform into one of the world’s largest entertainment producers. The spending surge not only reshaped the economics of film and television production but also accelerated fundamental…
EBay’s rejection of GameStop’s proposed $56 billion takeover bid has exposed growing skepticism across financial markets about the feasibility of one of the most unusual merger attempts in recent years. The proposed acquisition, which would have allowed the videogame retailer to acquire a company several times larger than itself, immediately raised questions surrounding financing, corporate…
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