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,…
Europe’s automotive transition is no longer unfolding along a straight, electrified path. Amid slowing electric-vehicle uptake, recalibrated emissions timelines and intensifying competition from Chinese manufacturers, Stellantis has quietly revived diesel powertrains across several European models. The move signals not nostalgia for a pre-electric era, but a calculated response to shifting demand patterns, regulatory flexibility and…
In an era marked by rising geopolitical friction, supply-chain realignments and mounting cybersecurity threats, a coalition led by Microsoft and Ericsson has sought to redefine how trust is constructed in the digital economy. The formation of a cross-border technology alliance centered on shared principles of governance, security and openness reflects a strategic response to intensifying…
When Alphabet issued a 100-year sterling bond as part of a sweeping multi-currency borrowing program, the move was framed as opportunistic capital management. Yet beyond the technical success of the deal lies a deeper narrative: the intensifying financial arms race underpinning artificial intelligence infrastructure. Century bonds remain rare in corporate finance. More commonly associated with…
Few names are as closely tied to the revival of modern Swiss watchmaking as Swatch Group. Born out of crisis in the 1980s, the company helped rescue the country’s timepiece industry from the onslaught of inexpensive quartz imports and later built a sprawling portfolio that stretched from accessible fashion watches to haute horlogerie. Yet decades…
China’s property market, once the backbone of the country’s growth model, is facing a more protracted and severe downturn than previously anticipated. Fresh projections from a leading global ratings agency suggest that the contraction in home sales will exceed earlier expectations, reinforcing concerns that the slump has become structurally embedded rather than cyclical. The revised…
TotalEnergies, one of Europe’s most prominent energy companies, has made it clear that the thrilling narrative of tapping Venezuela’s vast oil reserves does not align with its strategic priorities. Despite political pressure from the U.S. administration to help revive Venezuela’s oil industry, TotalEnergies has pushed back, citing prohibitive costs, environmental concerns, and complex geopolitical realities.…
Europe’s most prominent artificial intelligence challenger to Silicon Valley’s dominance has unveiled a billion-euro infrastructure expansion in Sweden, marking a decisive shift from model development toward full-stack technological sovereignty. The move reflects how and why European AI leaders are seeking to secure control over computing power, data processing and cloud architecture at a time when…
Bitcoin’s retreat from the highs reached during the surge that followed Donald Trump’s election underscores a recurring feature of cryptocurrency markets: rallies built on policy optimism can unwind quickly when liquidity tightens and macro uncertainty resurfaces. The erosion of those gains has not simply been a price correction. It has illuminated how and why digital…
When Hims & Hers unveiled a $49-a-month weight-loss pill, the announcement landed like a thunderclap across the pharmaceutical and digital health landscape. The price undercut blockbuster obesity drugs by a wide margin and appeared to challenge the economics of one of the fastest-growing segments in global healthcare. Yet the market’s response was tellingly muted. While…
When supply chains tighten, the consequences are rarely confined to factory floors. The global shortage of memory chips has moved from an obscure semiconductor issue to a strategic pressure point for the smartphone industry, placing Apple at the center of a high-stakes decision: absorb rising costs, pass them on to consumers, or use its scale…
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