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IEA Report: Oil Prices on the Brink of Soaring as Supply Narrows and Demand Shatters Records
12.8.2023
The stage is set for a potentially striking upswing in global oil prices, as supply constricts and demand ascends to unprecedented levels. With oil reserves dwindling at a breakneck pace, OPEC’s spare capacity restrained, and powerhouse consumers like China and India snapping up record...
India and UAE Break Away From US Dollar: Landmark Agreement Enables Trade Settlements in Rupees and Dirhams
17.7.2023
In a compelling turn of events this Saturday, India and the United Arab Emirates (UAE) inked a landmark agreement facilitating trade transactions to be settled in their native currencies, rupees and dirhams, instead of relying on the U.S. dollar. India’s prime minister Narendra Modi visited...
China Ready to Talk Asian Monetary Fund to Cut Dollar Dependence, Malaysia Says
5.4.2023
An idea to establish an Asian Monetary Fund has caught the attention of the Chinese leadership, the head of the Malaysian government revealed. The prime minister believes there is no reason for his country, which is hurting from a strong U.S. dollar, to remain dependent on the greenback. Malaysia...
ASEAN Countries Take Steps to Reduce Reliance on US Dollar for Trade Settlements
4.4.2023
The finance ministers and central bank governors of the Association of Southeast Asian Nations (ASEAN) are exploring ways to decrease their countries’ dependence on the U.S. dollar and promote the use of local currencies in trade settlements. “We must remember the sanctions imposed...
India’s Largest Retail Chain to Accept Payments in CBDC
2.2.2023
India's largest retailer Reliance Retail has announced plans to accept payments in the digital rupee in a move that could boost the nation's adoption of CBDCs....
Read More: India’s Largest Retail Chain to Accept Payments in CBDC
EA Is Salivating At Codemasters' Annual Formula 1 Potential
3.2.2021
One of the world’s biggest video game publishers is on track to buy the world’s biggest racing game developer. And in case you question why Electronic Arts would be interested in Codemasters, it’s all about the annual potential.Read more
Facebook Buys Stake in Reliance Jio — How the Deal Affects Cryptocurrency in India
23.4.2020
Facebook is buying a stake in Reliance Jio, India’s largest telecom operator. The deal has boosted Reliance Industries’ share price and is welcomed by the Indian cryptocurrency community. Besides Facebook’s investment into Reliance Jio, Whatsapp has also entered into a partnership...
Reliance to Integrate Blockchain Technology with transportation business
20.10.2019
Reliance Industries Limited has announced that it will integrate blockchain in its transportation business by launching blockchain for the Bill of Lading and Letter of Credit transactions. The blockchains will be up and running in 12 months. It has claimed that its blockchain will be able to fulfil...
Over-Reliance on China Stings Apple as $44 Billion is Wiped Off Its Valuation
26.8.2019
Over the past decade and a half, Apple has grown into one of the world’s biggest tech companies. Much of that success is down to the fact that the company has managed to produce some of the most iconic and technically advanced products like the iPod, the iPhone, and the iPad among others. Those...
India’s Reliance Jio Announces 10 Year Partnership with Microsoft Azure
14.8.2019
It is a well-known fact that cloud computing services now power some of the world’s biggest companies, and over the years, the importance of cloud service companies is only going to rise exponentially. In that regard, Microsoft has come up by leaps and bounds with its cloud service known...