According to data from the global wealthy list of Hurun Research Institute, Mumbai is now the Asian capital with the most number of billionaires. This is the first time that the most populated city in India has topped the Asian rankings. New York (119) is the most wealthy city in the world in 2024, followed…
Trading app for online In an attempt to increase subscriptions to its premium tier and establish a stronger presence in the personal finance industry, Robinhood Markets introduced a new credit card on Tuesday. With the intention of expanding its product line, the Menlo Park, California-based startup launched a debit card two years prior that allowed…
Approval of Merck’s treatment for individuals with high blood pressure brought on by pulmonary artery constriction was approved by the U.S. Food and Drug Administration, giving the multinational pharmaceutical company access to yet another potentially game-changing medication. Merck’s stock rose more than 4% during extended trading. About 40,000 Americans suffer with pulmonary arterial hypertension (PAH), which…
The global automotive industry is being significantly impacted by a little electric vehicle. The price of the EV and its potential to upend local auto sectors across the globe are what are creating waves, not the vehicle itself. The little, all-electric Seagull hatchback, which retails for less than $10,000 (69,800 yuan), is said to turn…
Apple is the target of a historic lawsuit brought by the US, which claims the tech giant is monopolising the smartphone market and stifling competition. The Justice Department claims in the lawsuit that the business exploited its dominance over the iPhone app store to “lock in” developers and users. It charges the company with using…
The first human to receive a replacement kidney from a genetically modified pig is a 62-year-old man with end-stage renal illness, according to recent announcements from specialists at Massachusetts General Hospital in Boston. According to a statement from the hospital, the four-hour procedure on March 16 “marks a major milestone in the quest to provide…
The week leading up to March 20 saw significant inflows into global equities funds, propelled by positive expectations on potential rate cuts by the US Federal Reserve later in the year as well as positive industrial and retail statistics from China. LSEG data shows that following around $21.95 billion in net accumulation the week before,…
According to local media, Tim Cook, the CEO of Apple, praised China’s role in the company’s supply chain when visiting suppliers on Wednesday, including BYD Electronics. The visit coincided with a decline in Apple’s sales in China. Cook shared a post on his Weibo social media account, stating that he had eaten a local breakfast…
Gwynne Shotwell, the president of SpaceX, announced during a press conference on Tuesday that the company has begun selling satellite lasers—which are utilised for quick in-orbit communications—to other satellite companies. With fewer ground stations, SpaceX’s network can provide more global internet coverage thanks to its hundreds of Starlink satellites in low-Earth orbit, which communicate with…
AstraZeneca, an Anglo-Swedish pharmaceutical company, announced on Tuesday that it will acquire Canadian drug researcher Fusion Pharmaceuticals Inc. for $2 billion in cash as part of its bet on cancer medicines of the future. With this acquisition, AstraZeneca gains a footing in the market for radiopharmaceutical medications, which has drawn interest from investors since Novartis’…
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