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,…
Amazon’s Prime Day sales event has evolved far beyond a promotional shopping festival. What began as a membership-driven retail event designed to boost customer engagement has increasingly become a barometer of consumer confidence, household finances and spending priorities in the United States. As inflationary pressures, higher borrowing costs and elevated living expenses continue to influence…
The rapid adoption of artificial intelligence across the advertising industry is creating a new regulatory challenge for policymakers, businesses and consumers alike. As companies increasingly use AI to generate marketing images, enhance product visuals, create promotional videos and personalize advertising campaigns, regulators are grappling with a fundamental question: when should consumers be told that artificial…
India’s liquefied petroleum gas import pattern is undergoing a significant transformation as the country increasingly turns to the United States to secure cooking fuel supplies amid disruptions in traditional supply routes. What was initially intended as a gradual diversification strategy has accelerated into a major realignment of sourcing decisions, highlighting how geopolitical events can rapidly…
The European Union’s efforts to create a digital euro have moved a step closer to reality, reflecting a broader ambition that extends well beyond technological modernization. While the project is often described as a new form of digital cash, policymakers increasingly view it as a strategic tool designed to strengthen Europe’s financial independence in an…
The preliminary agreement between the United States and Iran has generated optimism across financial markets and raised hopes that one of the most disruptive geopolitical crises in recent years may be moving toward resolution. Yet behind the positive reaction lies a more complicated reality. The framework announced by officials from both countries appears to achieve…
Britain’s decision to ban social media platforms from offering services to children under the age of 16 marks one of the most ambitious attempts yet by a major democracy to redefine the relationship between young people and digital technology. The proposed restrictions go beyond previous efforts seen in Europe and North America, reflecting a growing…
As diplomatic efforts intensify around a possible new understanding between Washington and Tehran, attention has returned to the 2015 nuclear agreement that once served as the foundation of international efforts to limit Iran’s nuclear activities. Any future arrangement will inevitably be measured against that accord, not only because of its historical significance but also because…
SpaceX’s public market debut delivered one of the most dramatic valuation milestones in modern financial history, propelling the company beyond the $2 trillion mark and placing it among the most valuable corporations in the United States. Yet the significance of the listing extends beyond its sheer size. The enthusiasm surrounding the company has highlighted a…
Air New Zealand’s decision to prepare for elevated jet fuel prices well into its 2027 financial year is emerging as a case study for a broader challenge confronting airlines worldwide. What initially appeared to be a temporary energy shock has increasingly become a strategic planning assumption across the aviation industry, forcing carriers to rethink pricing,…
The planned public listing of Elon Musk’s SpaceX is generating excitement far beyond Wall Street, with market participants, investment platforms, and financial industry executives pointing to the offering as a potential turning point for retail investing across Europe. While the proposed listing has attracted attention because of its record-breaking size and valuation, another aspect of…
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