Chinese electric car manufacturers Nio and Xpeng are making strategic moves to appeal to a broader customer base by introducing new brands that will cater to the lower-priced segment of the market. Nio, known for its premium electric vehicles priced at around $50,000 or more, is planning to release a more affordable SUV that will
Global Finance
Deutsche Bank has recently reported a significant increase in its first-quarter profit, exceeding analyst expectations and leading to a surge in its share price to a six-year high. This positive news comes amidst a period of recovery for the German lender, particularly in its investment banking unit. Let’s delve into the details of this remarkable
Synthesia, a revolutionary artificial intelligence firm backed by Nvidia, has introduced a groundbreaking technology that promises to change the landscape of professional video production. Their new “Expressive Avatars” have the ability to convey human emotions based on text inputs provided by the user, blurring the lines between the virtual world and reality. By eliminating the
U.S. prosecutors are not holding back in seeking justice for the former CEO of cryptocurrency exchange Binance. They are pushing for an above-guidance sentence of 36 months, arguing that this harsh punishment is necessary to reflect the gravity of his crimes. The sentencing memorandum filed with the court for the western district of Washington paints
Xiaomi, the Chinese smartphone company, has made a significant impact in the electric vehicle market with its new electric SU7 sedan. The company has reported receiving over 70,000 orders for the vehicle as of April 20, which is close to its original full-year delivery target. CEO Lei Jun shared with investors that Xiaomi now aims
Recently, the Securities and Exchange Commission (SEC) of the Philippines made a bold move by ordering tech giants Google and Apple to remove the cryptocurrency exchange Binance from their app stores. The regulator cited concerns regarding the security of Filipino investors’ funds and accused Binance of offering unregistered securities to the public. The SEC Chairperson