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 much of the past two decades, Nokia’s name became synonymous with one of the sharpest reversals in corporate history. Once the world’s largest mobile phone manufacturer and the undisputed leader of the global handset market, the Finnish company lost its dominance after failing to respond quickly to the smartphone revolution led by Apple and…
Renault’s modest decline in first-half vehicle sales reflects a much broader transformation underway in the European automotive market. According to company statements, analysts and industry observers, the French automaker’s latest performance demonstrates that traditional European manufacturers are no longer competing primarily against domestic rivals but against a rapidly expanding wave of Chinese electric vehicle brands…
Paramount Skydance’s conditional approval from European Union regulators marks more than another milestone in one of the entertainment industry’s largest mergers. According to regulators, company statements and people familiar with the regulatory process, the decision demonstrates how major media companies are increasingly required to reshape business structures and surrender strategic assets before authorities are willing…
For nearly four decades, Suzuki built one of the most remarkable success stories in the global automobile industry by turning affordable mobility into a dominant business model in India. Through its subsidiary Maruti Suzuki, the Japanese automaker became synonymous with first-time car ownership, consistently commanding close to half of the country’s passenger vehicle market. However,…
Domino’s Pizza delivered quarterly revenue that narrowly exceeded Wall Street expectations, but the latest results reveal a broader shift in how the world’s largest pizza chain is navigating a more cautious consumer environment. Rather than relying primarily on stronger restaurant sales, the company benefited from the resilience of its supply-chain business, highlighting how an integrated…
For years, veterinarians have relied on a familiar formula to tackle obesity in companion animals: reduce food intake, increase activity and persuade owners to stick to long-term weight management plans. While those measures remain the foundation of treatment, the rapid success of GLP-1 weight-loss medicines in human healthcare is beginning to influence veterinary medicine. Experimental…
After several years of severe disruption, the global olive oil industry is entering a markedly different phase. Improved harvests across key producing countries, easing wholesale prices and recovering consumer demand are restoring confidence to a market that had been defined by shortages, record prices and supply uncertainty. While the world’s largest olive oil producer, Deoleo,…
Apple has reclaimed the title of the world’s most valuable company, overtaking Nvidia in a shift that reflects more than a simple change in market rankings. The development signals a broader reassessment of how investors expect artificial intelligence to create value over the coming years. For much of the past year, companies supplying the computing…
Burberry’s latest quarterly performance illustrates how geopolitical events are becoming an increasingly important factor shaping the fortunes of global luxury brands. While the British fashion house delivered sales growth in line with market expectations and continued its recovery in key markets such as the United States and China, renewed conflict in the Middle East disrupted…
Shein’s long-awaited initial public offering is emerging as more than a test of investor appetite for one of the world’s largest fast-fashion retailers. It is becoming a measure of how global investors value cross-border e-commerce businesses at a time when governments are steadily dismantling many of the trade advantages that helped fuel their rapid expansion.…
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