Cryptocurrency Exchange Binance Registers Itself In Sweden

The crypto exchange Binance had been registered as a financial institute in Sweden this week, announced the country’s financial watchdog on Thursday. According to Per Nordkvist, deputy head of the Financial Supervisory Authority’s banks division, the registration allows Binance to launch a website in Swedish and market itself directly to consumers in the Nordic country.…

Apple Is Expected To Announce The ‘Reality Pro’ VR Headset This Spring And Ship It In The Fall

According to Bloomberg, Apple will unveil its highly anticipated mixed reality headset this spring, with consumer deliveries beginning in fall 2023. The report follows Apple analyst Ming-Chi Kuo’s comments last week, in which he stated that software development and mechanical component issues had forced Apple to push shipment to the second half of 2023. Kuo…

Stock Of Virgin Orbit Plummeted Following The Failure Of Its First UK Rocket Launch

The stock of Virgin Orbit fell in trading on Monday evening after the company confirmed that its first launch from the United Kingdom did not reach orbit. Virgin Orbit shares fell as much as 30% in after-hours trading from their previous close of $1.93 per share. The company sends satellites into space by dropping a…

Tesla Short Sellers Heap On The Pressure Following The Most Profitable Trade Of 2022

Short sellers targeting Tesla Inc’s stock are piling more pressure on the electric vehicle maker led by Elon Musk, fresh off their most profitable year ever. According to data from analytics firm S3 Partners, traders who aim to profit by selling borrowed shares and hoping to buy them back later at a lower price have…

Google Claims That The Indian Antitrust Body Copied Parts Of The EU Order On Android Abuse

Google has told an Indian tribunal that the country’s antitrust investigators copied parts of a European ruling against the company for abusing its market dominance with its Android operating system, arguing that the decision should be overturned, according to court documents. The Competition Commission of India (CCI) fined Alphabet Inc’s Google $161 million in October…

Taiwan Is Looking Into Alleged Illegal Activity On TikTok

The owner of the Chinese-owned social media platform TikTok has refuted allegations that it is operating an illegal subsidiary on the island, but Taiwan’s government has launched an investigation. TikTok, which is not very popular in Taiwan, has faced pressure primarily from Americans who are worried about China gaining access to user data, a concern…

According To ECB Accounts, Inflation Concerns Rationalize Additional Rate Hikes

Policymakers at the European Central Bank feared that inflation was becoming entrenched at their most recent policy meeting, so rates would need to rise further, according to meeting accounts released on Thursday. The ECB raised interest rates by 75 basis points to 1.5% at the meeting to combat sky-high inflation, bringing its total hikes since…

With Businesses Combating Increased Costs, Factory Output In Japan Declines For The First Time In Four Months

As manufacturers struggled with rising raw material costs and the global economic slowdown, Japan’s factory output fell in September for the first time in four months. According to the government, this trend is expected to continue in October before picking up in November. Retail sales increased for a seventh consecutive month, which is a positive…

Latest Western Brand To Exit Russian Market Is Mercedes-Benz

Following the invasion of Ukraine in February, Mercedes has become the latest Western company to withdraw from Russia. In early March, the German-based company ceased manufacturing in and exporting to the country. However, it has announced that it will exit the Russian market and sell shares in its subsidiaries to a local investor. In the…