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,…
McDonald’s is making a substantial investment in its restaurants because the next phase of growth depends increasingly on improving the economics and customer experience of existing locations rather than relying only on opening more outlets. The company plans to provide as much as $8.5 billion in support to franchisees through 2036, including about $5 billion…
Qualcomm’s latest flagship smartphone processors arrive at a difficult point for the global handset industry. The company is promoting its new Snapdragon 8 Elite Gen 6 and Snapdragon 8 Elite Extreme Gen 6 platforms as the foundation for a new generation of smartphones in which artificial intelligence performs more tasks directly on the device. At…
Apple is turning its latest desktop computers into a much broader challenge to the economics of artificial intelligence. Rather than competing only on processor speed or graphics performance, the company is positioning its newest Mac mini and Mac Studio systems as alternatives to continuously paying for cloud computing. The strategy reflects a growing industry shift:…
Artificial intelligence is beginning to change online shopping from a process controlled directly by consumers into one in which software can search, compare, recommend and eventually purchase products on their behalf. The attraction is clear: an AI agent can process large amounts of information quickly and potentially complete routine purchases with little human involvement. But…
Oil prices are coming under pressure as two developments reduce some of the supply risk that had pushed crude sharply higher: the restoration of Saudi Arabia’s East-West oil pipeline and renewed indications that diplomatic channels between the United States and Iran remain possible. Together, the developments are changing how traders assess the immediate balance between…
Bitcoin’s move above $85,000 marks more than a recovery from a recent selloff. It shows that demand for the cryptocurrency has strengthened even while several conditions that normally challenge speculative assets remain in place. Bitcoin briefly reached about $85,229 on September 21, its highest level since January, after gaining more than 7 percent over five…
Volkswagen’s removal from the Euro Stoxx 50 is the latest visible consequence of a much deeper problem at one of the world’s largest carmakers. The index change itself does not alter the company’s factories, sales or balance sheet, but it reflects a sustained decline in market value at a time when Volkswagen is simultaneously confronting…
Tesla’s latest racial discrimination trial carries significance beyond the allegations made against individual employees at its Fremont factory. The case places years of complaints, regulatory investigations and separate lawsuits into a broader legal examination of whether the company adequately addressed alleged racial harassment and unequal treatment of Black workers. The central issue is therefore not…
The aerospace industry is beginning to revisit materials once considered outdated because dependence on a concentrated rare-earth supply chain has become a strategic vulnerability. The renewed interest in older ceramic coatings is not driven by technological nostalgia. It reflects a more immediate concern: modern aircraft engines rely on specialised materials whose supply can be disrupted…
August 2026 exposed a growing problem in the global climate system: extreme heat is no longer appearing only as isolated weather events but increasingly as a sustained condition affecting land, oceans, agriculture, water supplies and infrastructure at the same time. The month became the joint hottest month ever recorded globally, matching July 2023, with the…
