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The transition from internal combustion engines to electric vehicles is facing significant challenges amid political and industrial pressures. Chancellor Friedrich Merz's recent letter to the EU Commission highlights a push for postponing strict deadlines to better accommodate the automotive sector. Job losses are mounting, raising concerns about the industry's future. The EU's original goal to ban new petrol and diesel cars by 2035 is now under reconsideration, with officials suggesting a more..

HashKey Holdings is advancing towards a public listing on the Hong Kong Stock Exchange, aiming to raise up to $500 million for technological enhancements and market expansion. Despite leading the local digital asset trading space, the company reported significant losses. Concurrently, China's central bank has reiterated its strict stance against cryptocurrencies, emphasizing concerns about speculation, fraud, and money laundering associated with stablecoins. This regulatory outlook poses chall..

The proposed acquisition of the Daily Telegraph by the Daily Mail and General Trust plc (DMGT) marks a significant consolidation in the British media landscape, particularly within right-leaning outlets. With a deal valued at £500 million, this move aims to merge two influential media entities closely aligned with the Conservative Party. The takeover, which follows RedBird IMI's withdrawal from its own bid, raises concerns among critics about the potential decrease in diversity and competition..

US President Donald Trump and Saudi Crown Prince Mohammed bin Salman have recently strengthened ties amidst controversy. Their meeting at the White House resulted in a monumental $1 trillion deal, overshadowing concerns about the murder of journalist Jamal Khashoggi. Trump's dismissal of intelligence findings linking the crown prince to the incident reflects a notable shift in diplomatic relations, despite pushback from allies. Simultaneously, ethical concerns have arisen regarding Trump's bus..

The recent pardon of Binance founder Changpeng Zhao by President Donald Trump has ignited discussions around the allegations of corruption and money laundering that have surrounded him. Zhao's attorney, Teresa Goody Guillén, refuted claims of pay-to-play politics, emphasizing that Zhao's charges pertained solely to deficiencies in anti-money laundering compliance, rather than any criminal activity. This pardon has been met with enthusiasm in the cryptocurrency sector, particularly with a notable..

Valve is making significant strides by integrating Android games into its Steam platform, enhancing accessibility for developers. The introduction of the Steam Frame, a standalone wireless VR headset, enables seamless gameplay from both PCs and Android APKs, offering a new avenue for mobile VR developers. This innovative device distinguishes itself from competitors by prioritizing streaming capabilities, allowing users to experience a vast library of games without the need for extensive hardware..

Tesla shareholders have given the green light to an unprecedented $1 trillion compensation package for CEO Elon Musk. This monumental deal positions Musk to potentially become the world's first trillionaire, contingent upon achieving ambitious targets over the next decade. The plan necessitates that Tesla reaches a staggering market capitalization of $8.5 trillion and delivers 20 million vehicles. If successful, Musk stands to significantly increase his ownership stake in Tesla, which could su..

Tesla's shareholders are faced with a pivotal decision regarding a staggering $1 trillion compensation package for CEO Elon Musk. The proposal, which would grant Musk significant ownership in the company contingent on ambitious performance targets, has sparked considerable debate among investors. Critics, including major stakeholders like Norges Bank Investment Management, argue that the package is excessively generous and poses risks to shareholder value. Supporters of the plan claim it is es..

Bitcoin has recently fallen below $100,000 for the first time since June, marking a significant downturn in the cryptocurrency market. This decline is driven by substantial sales from major holders, reflecting waning demand from institutional investors and capital outflows from ETFs. The overall cryptocurrency landscape has been negatively impacted, with altcoins like Ether and XRP also suffering notable losses. Factors such as a trade dispute between the U.S. and China and concerns surrounding..

The ongoing Supreme Court case regarding President Trump's tariffs highlights the tension between executive power and economic policy. Trump's administration has used tariffs as a tool for foreign policy, aiming to address trade deficits and enhance national security. However, small businesses are feeling the pinch, with many reporting significant financial strain due to increased costs of imported goods. The court's decision could either uphold Trump's authority under the International Emerge..

Saudi Arabia is undergoing a significant transformation under its Vision 2030 initiative, aiming to diversify its economy and modernize its infrastructure. The railway system is a focal point, with investments expected to grow the market from USD 266.1 million in 2024 to USD 379.0 million by 2033, driven by a 3.60% CAGR. Despite facing financial recalibrations due to fluctuating oil prices, the government is pivoting towards technology and renewable energy. The renewable energy sector is proje..

OpenAI has forged a monumental partnership with Amazon, signing a $38 billion deal to utilize Amazon Web Services (AWS) for its cloud computing needs. This agreement, spanning seven years, is poised to enhance OpenAI's capabilities, particularly for its AI models like ChatGPT. The collaboration arrives at a time of scrutiny surrounding AI technologies, with recent incidents highlighting the potential risks posed by AI chatbots. Additionally, OpenAI's expansion plans reflect a broader trend in..

Bitcoin's price has recently dipped below $108,000, driven by declining reserves on Binance and waning institutional interest. As trading activity surged, the spot volume saw a notable increase, yet mixed signals emerged from the derivatives market. The recent downturn, sparked by the Federal Reserve's rate cut, resulted in significant liquidations in crypto positions, challenging Bitcoin's reputation as a safe-haven asset. This decline marks the end of a notable winning streak for Bitcoin, as..

Recent diplomatic engagements highlight the evolving dynamics between major global powers. US Defence Secretary Pete Hegseth's meeting with Chinese Defence Minister Dong Jun emphasized peace and cooperation, marking a pivotal moment post-summit. Simultaneously, China's C919 jetliner gained traction in Brunei, signifying its growing influence in Southeast Asian aviation markets. In a broader context, Xi Jinping's discussions with leaders from Vietnam and Canada at the Apec summit underscored a..

During his recent Asia trip, President Donald Trump focused on trade relations and diplomatic efforts. He expressed optimism about resolving tariff issues with South Korean President Lee Jae Myung and negotiating a truce with Chinese President Xi Jinping. Trump was celebrated in South Korea, receiving a medal that recognized his peacemaking efforts, particularly regarding North Korea. He emphasized the importance of reopening dialogue with North Korean leader Kim Jong-un, drawing on his past s..

The upcoming meeting between Donald Trump and Xi Jinping at the Asia Pacific Economic Cooperation summit could mark a pivotal moment in US-China relations, which have been strained since 2019 due to ongoing trade tensions. Key discussions are expected to focus on rare earth minerals and a potential trade deal that might lower tariffs on Chinese goods in exchange for Beijing's efforts to curb fentanyl production. The high tariffs, with China's averaging 32.6% on US exports and the US imposing 5..

During his recent visit to Japan, US President Donald Trump was warmly welcomed as the first foreign dignitary to meet the newly enthroned Emperor Naruhito. This five-day diplomatic mission aimed to reinforce the US-Japan alliance amid ongoing trade discussions. Trump and Japanese Prime Minister Sanae Takaichi signed significant agreements focused on critical technologies and raw materials, although concrete advancements on trade specifics were limited. The leaders expressed a shared vision for..

Prime Minister Shehbaz Sharif's recent visit to Saudi Arabia underscored a significant commitment to enhancing economic ties between the two nations. During his discussions with Crown Prince Mohammed bin Salman, both leaders emphasized the importance of trade and investment collaboration. The establishment of an Economic Cooperation Framework aims to bolster private sector involvement, focusing on sectors such as energy, technology, and industrial development. This initiative reflects a strate..

The global wireless infrastructure market is poised for significant expansion, projected to hit $340.28 billion by 2029. This robust growth is largely fueled by the burgeoning demand for connected cars and high-velocity internet connections. Connected vehicles rely on advanced wireless technologies, such as satellite and LTE networks, to seamlessly integrate with external systems and infrastructure. The industry also benefits from cutting-edge solutions like Fujitsu Network Communications' vir..

Amazon is set to eliminate around 30,000 corporate positions, reflecting nearly 10% of its corporate workforce. This decision arises from a strategic response to overhiring during the pandemic. CEO Andy Jassy aims to streamline operations by reducing unnecessary bureaucracy and managerial roles, particularly in sectors like human resources and technology. The job cuts, which represent the largest reduction since late 2022, coincide with the company's increased investment in artificial intellig..

Sanae Takaichi, Japan's newly appointed prime minister, is navigating a pivotal moment as she seeks to strengthen ties with the United States, particularly with President Donald Trump. During Trump's state visit, Takaichi aims to reassure him on trade and security matters, building on the legacy of her predecessor, Shinzo Abe. A significant focus lies on Japan's substantial $550 billion investment in the U.S. economy, highlighting the delicate balance of tariffs and trade relations. Moreover,..

The Nexperia crisis highlights significant vulnerabilities in global supply chains, particularly in the automotive sector. A recent trade dispute between China and the Netherlands has led to a ban on exports from Nexperia, disrupting essential chip supplies. This situation echoes the challenges faced during the COVID-19 pandemic, revealing a lack of preparedness for similar disruptions. Major automotive manufacturers like Bosch, Volkswagen, and BMW are already feeling the impact, with some imp..

In a significant move, President Donald Trump has pardoned Changpeng Zhao, the founder of cryptocurrency exchange Binance. Zhao had previously pleaded guilty to money laundering charges and served four months in prison. As part of the agreement, he will step down as CEO and has paid a substantial fine. This pardon is perceived as a pivotal moment that could allow Binance to reestablish its presence in the U.S. market, given its connections with Trump's family. Following the announcement, the p..

The recent pardon of Changpeng Zhao, founder of Binance, by former US President Donald Trump has sent ripples through the cryptocurrency community. Zhao, who had been convicted for failing to implement anti-money laundering measures, was serving a four-month sentence. The pardon not only erased his criminal record but also catalyzed a significant surge in Binance's native token, BNB, which saw a 5.3% increase. This development comes amidst Binance’s efforts to expand its reach, as evidenced by..