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  • Fin24.com | How to lose $3 billion of Bitcoin in India

    Fin24.com | How to lose $3 billion of Bitcoin in India

    Accusations of tax evasion and police corruption, a kidnapper who was kidnapped, a fugitive politician, and billions in bitcoin lost. This is crypto-trading Gujarat-style. The ingredients are part of an investigation in Indian Prime Minister Narendra Modi’s home state into allegations that investors poured cash into a bitcoin-based Ponzi scheme that could exceed the country’s largest banking scandal. The fallout... Continue reading

     
  • Fin24.com | Huawei passes Apple in smartphone share for the first time

    Fin24.com | Huawei passes Apple in smartphone share for the first time

    Huawei Technologies pulled ahead of Apple to claim the No. 2 position in global smartphone shipments in the second quarter just behind Samsung Electronics, solidifying the rise of Chinese competitors. Huawei shipped 54.2 million phones in the quarter, 41% more than a year earlier, to jump ahead of the iPhone maker for the first time, according to market research firm... Continue reading

     
  • Fin24.com | Trump‘s tariffs push electronics from China to Southeast Asia

    Fin24.com | Trump‘s tariffs push electronics from China to Southeast Asia

    Electronics makers are preparing to shift more production to Southeast Asia as trade tensions with the US make it less appealing to manufacture gadgets in China. A number of Taiwanese firms that form a crucial plank of the global supply chain have in recent days signalled their intention to diversify away from the world’s No. 2 economy. Delta Electronics, which... Continue reading

     
  • Fin24.com | IPhone chipmaker races to recover after crippling computer virus

    Fin24.com | IPhone chipmaker races to recover after crippling computer virus

    Taiwan Semiconductor Manufacturing Company, which makes chips for the iPhone and other devices, detailed its progress in recovering from a debilitating computer virus and warned of delayed shipments and reduced revenue because of the impact on its factories. TSMC said that 80% of the fabrication tools affected by a virus outbreak Friday evening had been restored and that it expects... Continue reading

     
  • Fin24.com | Elon Musk concedes: Norwegians are right to be upset with Tesla

    Fin24.com | Elon Musk concedes: Norwegians are right to be upset with Tesla

    “I‘ve had the car for eight months and it ran fine for four days,” says Yngve Solberg, who like many Norwegians is fed up with the slew of problems his Tesla X has given him. Tesla has sold more cars per capita in Norway than any other country in the world thanks to the government‘s generous measures in favour of... Continue reading

     
  • Fin24.com | Facebook asks big banks to share customer details

    Fin24.com | Facebook asks big banks to share customer details

    Facebook has asked major US banks to share customer data to allow it to develop new services on the social network‘s Messenger texting platform, a banking source told AFP on Monday. Facebook had discussions with Chase, JPMorgan, Citibank, and Wells Fargo several months ago, said the source, who asked to remain anonymous. The Silicon Valley-based social network also ed US... Continue reading

     
  • Fin24.com | Forget Apple, Goldman says, flagging new $1trn for S&P 500

    Fin24.com | Forget Apple, Goldman says, flagging new $1trn for S&P 500

    Investors fixated on one , Apple’s value. But another trillion-dollar threshold is in sight and is more relevant to the bull market in US equities, says Goldman Sachs. It’s the volume of stock buybacks that corporate America is likely to announce this year. The total for S&P 500 firms will jump 46% from 2017 to an annual record, according to... Continue reading