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Category: Investing
The growth in solar power installments in Europe slowed to just 4% in 2024, compared with double-digit increases in recent years, Reuters reported on Tuesday. The slowdown in growth in these installments has significantly heightened concerns over the continent’s transition to cleaner energy. The industry data, which showed the slowdown comes amid Europe’s increasing efforts […]
Temu, the Chinese e-commerce giant owned by PDD Holdings, has secured the top spot on Apple’s US iOS store for the most downloaded free apps for the second consecutive year. Its meteoric rise underscores the growing popularity of Chinese apps in the world’s largest consumer market. ByteDance-owned TikTok, despite facing an uncertain future in the […]
The year 2024 has not exactly been a remarkable time for Reliance Industries Limited (RIL), with its shares on track to end the year with negative returns for the first time in nearly a decade. This decline marks a stark contrast to the robust growth enjoyed in previous years. From a record high of ₹2,856.15 […]
The US is preparing to ramp up its trade restrictions on China’s semiconductor industry, this time focusing on legacy chips. With weeks remaining in its term, the Biden administration is poised to launch an investigation into Chinese-made legacy semiconductors, potentially leading to tariffs or import bans, as per a report from The New York Times. […]
Japan-listed company Metaplanet is issuing 4.5 billion yen ($30 million) worth of zero-interest bonds to expand its Bitcoin holdings. This move aligns with its strategy to accumulate the cryptocurrency as a core asset. Metaplanet’s move mirrors MicroStrategy’s widely recognised approach of leveraging corporate reserves to acquire Bitcoin, positioning itself as a Bitcoin-focused business in Japan. […]
Walmart de Mexico, the country’s largest retail chain, faces a significant regulatory blow as Mexico’s Federal Competition Commission imposed a $4.6 million fine for monopolistic practices. The company will operate under stringent conditions for the next 10 years. The regulator accused Walmart of leveraging its dominant market position to pressure suppliers into granting unfair discounts, […]
The UK government has launched a consultation aimed at addressing the growing tension between AI developers and the creative industries over copyright use. The move seeks to provide clarity on how intellectual property (IP) is acquired and used by AI firms to train their models, ensuring a balance between technological innovation and creator rights. Amid […]