Brazil’s cryptocurrency market is experiencing a remarkable surge, with net imports of crypto assets for the first nine months of 2024 increasing by a staggering 60.7% compared to the same period last year. Data released by the central bank indicates that these imports have already surpassed the total for the entire year of 2023, highlighting…
The global shift towards electric vehicles (EVs) is set to dramatically reshape investment, production, trade, and employment, according to the latest World Economic Outlook released by the International Monetary Fund (IMF). As world leaders and policymakers convene at the IMF and World Bank annual meetings to discuss critical global economic issues, the rise of EVs…
As artificial intelligence (AI) continues to revolutionize content creation, Adobe has announced a new initiative that could significantly impact the industry. Starting next year, Adobe will offer a free web-based app aimed at helping creators of images and videos protect their work from being misused in AI systems. The app will enable creators to attach…
The diamond polishing capital of the world, Surat, located in western India, is facing a severe crisis that has left countless workers jobless and struggling to make ends meet. One such worker, Nikunj Tank, a dedicated diamond polisher for seven years, tragically took his own life in August after losing his job. His family has…
Indian education technology startup Physics Wallah recently announced a significant fundraising milestone, securing $210 million in a financing round led by Hornbill Capital, with participation from Lightspeed Venture Partners, GSV, and WestBridge. This funding round, which elevates the company’s valuation from $1.1 billion to $2.8 billion, marks a critical juncture for Physics Wallah as it…
China’s ambitious plan to stimulate consumption through a massive trade-in policy has yet to produce significant results, according to several industry experts. The initiative, announced in July, involves allocating 300 billion yuan ($41.5 billion) in ultra-long special government bonds to support both consumer trade-ins and equipment upgrades. Despite this substantial financial commitment, businesses and analysts…
China’s youth unemployment crisis is reshaping not only the job market but also the social narrative around work, particularly among the highly educated young people who are struggling to find employment. With job scarcity at an all-time high, many young Chinese are turning to social media to document their experiences, offer advice, and redefine what…
A recent cybersecurity report has highlighted the growing sophistication of state-sponsored cyber espionage, with a Chinese hacking group exploiting a significant software vulnerability to compromise several internet companies both in the U.S. and internationally. The incident underscores an escalating threat in the realm of digital security, as the implicated group, identified as “Volt Typhoon,” reportedly…
Concerns over Brazil’s fiscal stability and elevated interest rates have dampened expectations for a revival of the country’s initial public offering (IPO) market, which has been dormant for nearly three years. Hopes that up to 20 companies could go public this year have faded, as businesses across various sectors now anticipate that the window for…
Defence contractor Elbit Systems reported increased second-quarter profits on Wednesday, bolstered by heightened global demand for its military technologies. The company earned $2.08 per diluted share, excluding one-time items, up from $1.65 a year earlier. Revenue rose to $1.63 billion from $1.45 billion, with a notable shift in regional sales distribution. While sales to Israel…
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