Fiscal strain and political turmoil, Ruto’s budget cuts amidst Kenyan protests
In a dramatic turn of events, Kenya’s government announced plans to trim its 2024-25 spending by 1.9% and expand the fiscal deficit to 3.6% of [more…]
Major Aussie banks forced to repay $28 million to low-income clients
In a tale of corporate oversight, four of Australia’s biggest banks are set to refund a whopping A$28 million (around $18.95 million) to their low-income [more…]
Volkswagen weighs closure of Audi Brussels plant as luxury EV sales plummet
In the heart of Brussels, Volkswagen’s iconic Audi factory stands at a crossroads. Amidst the gleaming production lines and cutting-edge technology, a shadow looms. Europe’s [more…]
Samsung unveils Galaxy Ring, a new era in health-tracking wearables
When Samsung unveiled the Galaxy Ring on Wednesday, it marked the tech giant’s ambitious leap into the world of smart rings. This sleek and lightweight [more…]
South Korea eyes Polish drones to bolster defense ties
In an intriguing turn of events, South Korea is contemplating a purchase of drones from Poland, a decision that could fortify its burgeoning relationship with [more…]
China’s BYD expands global EV footprint with key investments in Thailand and Turkey
In a strategic move, BYD Co., a Chinese electric vehicle giant, announced plans to acquire a 20% stake in its Thai distributor, Rever Automotive Co. [more…]
Germany’s Bitcoin sales spark market turmoil
For the past few weeks, Germany has been quietly shaking the cryptocurrency world, offloading hundreds of millions of dollars worth of bitcoin and triggering a [more…]
Russia’s Rostec and India team up for tank ammo production
In a move that underscores the deepening ties between Moscow and New Delhi, Russia’s state-owned Rostec corporation announced on Thursday that its weapons export unit [more…]
Northvolt’s bold expansion plans hit roadblock
Northvolt, a Swedish lithium-ion battery manufacturer, long heralded as a trailblazer in European battery cell production, is now navigating choppy waters. As carmakers worldwide shift [more…]
South Korea slaps record fines on Credit Suisse for short-selling violations
In a turn of events, South Korea’s financial watchdog has slammed the gavel down on two subsidiaries of the erstwhile Credit Suisse group for their [more…]