Apple Starts Producing The iPhone 14 In India, Signalling A Significant Change In Its Manufacturing Approach

In an effort to move some production away from China, Apple announced on Monday that it is assembling its flagship iPhone 14 in India. “The new iPhone 14 lineup introduces groundbreaking new technologies and important safety capabilities. We’re excited to be manufacturing iPhone 14 in India,” the company said in a statement. The devices are…

Despite A Drop In Profit, UK-Based Kingfisher Says Its Business Is Thriving

Despite a cost-of-living crisis that is eating into household budgets, British home improvement retailer Kingfisher reported a 29.5% drop in first-half profit. CEO Thierry Garnier told reporters that, with the exception of outdoor, sales in all product categories had returned to positive like-for-like growth in the previous week. “When we look at customer demand we…

Elon Musk Is Facing Doubters As Tesla Prepares To Introduce The “Optimus” Robot

Elon Musk, the CEO of Tesla, claimed that humans are superior at some tasks and that the company’s reliance on factory robots four years ago caused it to enter “production hell.” According to job postings, Musk’s Texas-based company is reportedly considering ambitious plans to use thousands of humanoid robots, also known as Tesla Bot or…

A Rate Hike Risk Causes Cryptos To Squeak As Bitcoin Drops Below $19,000

On Monday, cryptocurrency prices hit new lows as a result of regulatory worries and a general investor reluctance to invest in risky assets due to impending interest rate increases. By market value, Bitcoin, the most valuable cryptocurrency, dropped about 5 per cent to a three-month low of $18,387. The second-largest cryptocurrency, Ether, fell 3 per…

Chinese Firm Nio Claims US Limitations On Nvidia Chips Won’t Harm Them

Nio, a Chinese manufacturer of electric vehicles, joined other automakers in claiming that U.S. restrictions on Nvidia chip sales to China won’t have an impact on the automaker’s operations. In an effort to lower the possibility that these products would be used by the Chinese military, Nvidia revealed last week that the United States would…

Bitcoin Falls Below $1 Trillion Once More, Reaching Its Lowest Level Since June

Following a decline in stock markets around the world and the continued strength of the US dollar, Bitcoin traded below $19,000 on Wednesday morning, reaching its lowest level since June. Due to a sell-off in all digital coins, the market value for all cryptocurrencies also decreased below $1 trillion. According to Coin Metrics, Bitcoin was…

Current Tough Economic Conditions For Consumers Not Right Time For Apple’s New iPhones And Watches

The new lineup of iPhone 14 models and Apple Watches that Apple Inc. is expected to introduce on Wednesday will test how willing consumers are to upgrade technology in the face of inflation and economic doom. At an event dubbed “Far Out” at its Cupertino, California, headquarters, analysts anticipate Apple to reveal that the most…

Bitcoin’s Current Low Volatility Could Be A Cause Of Concern For Some Crypto Investors 

Bitcoin has often been labelled as the king of the swingers because of its high volatility and very sudden extreme swings in its value. However, the largest  and arguably the most volatile cryptocurrency of the world has been trading for days at around $20,000 and has not gone much higher than that since June. This is bad news…

Using An Upgrade, Cryptocurrency Ethereum Intends To Reduce Carbon Emissions By 99% 

The foundation that controls Ethereum, the second largest cryptocurrency, has confirmed that it will complete a plan to reduce its carbon emissions by more than 99% in the next month. The “merge” project will see Ethereum switch the underlying technology it uses to validate crypto transactions to a new process that requires less energy to…

Worst Quarter On Record For Chinese Tech Giants Due To Country’s Zero-Covid Policy

Chinese technology behemoths are coming off their worst quarter of growth in history, as the world’s second-largest economy slows, exacerbated by Beijing’s strict Covid policy. Alibaba reported its first ever flat year-on-year quarterly revenue growth in the second quarter of the year, while social media and gaming company Tencent reported its first sales decline on…