On Thursday British lawmakers warned, a digital pound which will be used by consumers is likely to affect the country’s financial stability, erode privacy and raise the cost of credit. The digital pound would need greater appraisal before its widespread… Read More ›
In a tweet Tesla’s CEO Elon Musk said, it is “still working through a lot of challenges with the government” in India, in response to a question on a potential launch date for its electric cars in the country. Last… Read More ›
Taiwanese chip giant TSMC posted a 16.4% rise in quarterly profit on the back of heightened global demand for semiconductors with the Coronavirus induced COVID-19 pandemic driving up demand for chips creating a supply crunch. Although the global chip crunch… Read More ›
In a statement, WeRock NV, the owner of the WeTransfer file transfer service said, it is seeking to file for an initial public offering (IPO) of shares which will be listed on Amsterdam’s Euronext stock exchange. In its offer letter,… Read More ›
In a statement, Softbank-backed 2TM, which runs Latin America’s biggest cryptocurrency exchange Mercado Bitcoin said, it will acquire a controlling stake in Lisbon-based crypto exchange CriptoLoja. 2TM declined to disclose the terms of the purchase saying the deal is pending… Read More ›
On Wednesday, British Trade Minister Anne-Marie Trevelyan arrived in India in an effort to boost economic ties between the two countries. The development marks Britain trying to sign trade deals after its departure from the European Union – the world’s… Read More ›
Exxon Mobil has launched the sale of its shale gas properties underscoring growing intents to divest its U.S. assets. Excon, a top U.S. oil producer, has placed 61 wells that produced nearly 81 million cubic feet per day equivalent (mmcfd) of… Read More ›
On Wednesday, Germany’s BGA trade association warned of massive disruption of supply chains following the rapid spread of the highly infectious Omicron variant of the coronarvirus, while saying, long-term disruption to supply chains is unlikely. A wide range of German… Read More ›
In a significant development, the European Court of Human Rights ruled that Bulgaria violated the European Convention of Human Rights citing its secret surveillance and retention and accessing of communication data. The court order comes after two Bulgarian lawyers and… Read More ›
On Wednesday, Australia’s New South Wales, its most populous states, saw a significant increase in Omicron infections leading to staff shortages that have disrupted supply chains hampering its economy’s recovery. Businesses are grappling with a growing toll of workers who… Read More ›
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