According to NASA Administrator Bill Nelson, the US and China are “in a space race to go back to the moon.” Nelson says he wants to make sure “we get there first” in an interview with the BBC. His remarks… Read More ›
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China’s Steps To Support A Faltering Economic Recovery
China’s post-pandemic rebound swiftly faded, prompting the country to implement a plethora of policy initiatives aimed at reviving a flagging economy in recent months. With the help of the government, the second-biggest economy in the world expanded more quickly in… Read More ›
Bitcoin Surges To Almost An 18-Month High As Speculation About ETFs Grows
Tuesday saw a nearly 10% increase in bitcoin to $34,872, the highest level in almost a year and a half due to growing rumours that an exchange-traded fund is on the verge of being launched. That came after a 10%… Read More ›
Leading Crypto Companies Named In $1 Billion Fraud Case
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 ›
In Six Weeks, China’s Huawei Sold 1.6 Million Mate 60 Pro Smartphones, According To A Research Group
According to a research agency, Huawei Technologies has sold 1.6 million Mate 60 Pro smartphones in just six weeks, defying a slowdown in the smartphone market to experience robust demand for its high-end smartphone revival. According to Counterpoint Research, of… Read More ›
TSMC, Largest Chipmaker In The World, Saw Its Largest Earnings Decline In Almost Five Years
As the sluggish market for consumer electronics continues, Taiwan Semiconductor Manufacturing Company (TSMC) posted a third-quarter profit of 211 billion New Taiwan dollars ($6.69 billion) on Thursday. The world’s largest contract chipmaker beat analyst projections despite the biggest earnings decline… Read More ›
A Global Cyberattack Might Cost $3.5 Trillion, According To Lloyd’s Of London
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 Manufacturers Of Semiconductor Equipment Gain Market Share As US Restrictions Tighten
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 ›
Lowest Third Quarter Level In A Decade For The Global Smartphone Industry
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 ›
Main Insights Gained From The IMF And World Bank Meetings
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 ›
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