Three well-known cryptocurrency companies have been charged by US prosecutors with cheating investors out of almost $1 billion. Gemini, a cryptocurrency exchange, was accused by New York Attorney General Letitia James of misleading clients about the dangers of an investment… Read More ›
Industry executives and analysts warned that China’s decision to stop exporting graphite, a crucial component for electric car batteries, on Friday will only speed up attempts to find alternate sources and materials, but that process will take time. As on… Read More ›
According to commercial insurance market Lloyd’s of London, a significant cyberattack on a financial sector payments system may result in losses of $3.5 trillion globally, most of which would not be covered by insurance. A systemic risk scenario created by… Read More ›
Chinese producers of chip-making tools are profiting from the United States’ tightening restrictions on China’s semiconductor industry; orders from the nation’s foundries have increased recently. As chipmakers scramble to replace foreign-produced equipment with domestically built alternatives, domestic equipment manufacturers, such… Read More ›
The Biden administration announced on Tuesday that as part of a series of steps to prevent Beijing from obtaining cutting-edge American technologies to bolster its military, it intends to prohibit shipments of more sophisticated artificial intelligence chips made by Nvidia… Read More ›
According to statistics from Counterpoint Research, the global smartphone market shrank by 8% to its lowest third-quarter level in a decade due to weak demand for big brands like Apple and Samsung in the majority of developed economies. The information,… Read More ›
The week-long annual sessions of the International Monetary Fund and World Bank came to an end on Saturday, overshadowed by recent violence in the Middle East and held in a nation still recuperating from an earthquake. The prospects for a… Read More ›
Big banks in Britain are preparing for any potential escalation of Western sanctions against China and have shared their “scenario planning” with the British and American governments, claimed a report by Reuters based on information from a senior financial official…. Read More ›
The German federal statistics agency has announced that German industrial output decreased in August for the fourth consecutive month, a sign that the industry is still experiencing significant pressure and fuelling concerns about an impending recession. When compared to the prior… Read More ›
Rising debt levels in Asia’s “seemingly healthy” countries might drive the region’s GDP below current anticipated levels, World Bank Chief Economist Indermit Gill told the media on Monday. Gill said he was still concerned about the slow pace of debt… Read More ›
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