Australian Gourmet Retailer Closes After 34 Years in Business
An Australian gourmet food and kitchenware retailer has made a heartfelt announcement, revealing it is shutting its doors after an impressive run of 34 years. The Essential Ingredient, a beloved name in
US Sharpens Restrictions on China’s Chip Industry, Fueling Tech Rivalry
The United States has once again escalated its stance on China’s semiconductor industry, imposing a new wave of restrictions designed to limit Beijing’s access to advanced chip technology. These measures, inaugurated on
Elon Musk Seeks Court Order to Stop OpenAI’s Profit Transition
Billionaire entrepreneur Elon Musk has escalated his ongoing battle with artificial intelligence (AI) innovator OpenAI, filing a legal motion to prevent the company from transitioning into a fully for-profit entity. Alongside his
U.S Black Friday Shoppers Favour Online Deals Over Physical Stores
Despite retailers offering early discounts in anticipation of the festive season, US consumers still flocked to shop during Black Friday, predominantly through online platforms. New data shows that both in-store and online
Elon Musk’s xAI Achieves $50 Billion Valuation in Record Time
Elon Musk’s artificial intelligence venture, xAI, has made waves in the fast-evolving AI sector. Founded only in July 2023, the company has already reached a staggering $50 billion valuation in just 16
New York’s Holiday Markets: Where Shopping Meets Festive Magic
Holiday shopping kicks off every year with Black Friday, spurring a nationwide frenzy in malls and department stores. But as online sales and holiday discounts dominate through Cyber Monday and beyond, there’s
Bitcoin Nears $100K Amid Volatility and Global Shifts
Bitcoin, often referred to as the leading cryptocurrency, has recently flirted with the $100,000 milestone, piquing the interest of investors worldwide. Reaching a high just $1,000 shy of this psychological barrier, it
Hong Kong’s Crypto Tax Exemption Plan to Attract Hedge Funds and Family Offices
Hong Kong has announced its ambitious plans to waive capital gains taxes on cryptocurrency investments for hedge funds, private equity funds, and some family offices. This policy shift is part of a
ANZ Bank Pushes Rate Cut Timeline until May 2025 in Light of Inflation Risks
Australia’s Reserve Bank interest rate cut timeline continues to slide further into the future. ANZ, one of the big four banks, has adjusted its prediction to May 2025. This decision follows Reserve
UK Government Criticised for Failing to Ensure Transparency in AI Use
The UK government’s pledge to make the use of artificial intelligence (AI) transparent has hit an alarming snag. Despite announcing in February that all government departments are required to register their AI