In a groundbreaking development for the Indian financial sector, the Reserve Bank of India (RBI) is set to spearhead a pilot program in 2025 that aims to provide local cloud data storage solutions for financial institutions. This initiative focuses on affordability, addressing the needs of small and medium-sized enterprises (SMEs) that often struggle to access
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In a significant advancement for the private space sector, The Exploration Company (TEC) has secured a staggering $160 million in funding to advance the development of its reusable capsule, Nyx. Announced on a recent Monday, this fundraising round, led by notable venture capital firms Balderton Capital and Plural, also saw the participation of influential government-backed
As Asian markets brace for the opening bell, a wave of uncertainty looms over investor sentiment. In recent days, fluctuations in U.S. financial indicators have raised alarms, signaling potential turbulence ahead. Rising U.S. bond yields, a robust dollar, and a tumultuous performance on Wall Street have left many questioning the prudence of investing in local
In a remarkable turn of events, the Filipino film industry has marked a significant milestone with the release of “Hello, Love, Again.” This movie not only boasts the widest distribution for a Filipino film in history but also shattered box office records with an astounding opening weekend gross of $2.4 million, securing the eighth spot
The restaurant sector, having endured a challenging 2024, is cautiously optimistic about what lies ahead in 2025. With many executives eager to mark the end of a tumultuous year, the sentiments shared at the recent Restaurant Finance and Development Conference in Las Vegas reflected a yearning for revitalization within the food service landscape. The restaurant
The excitement reverberating through Chinese markets following the announcement of stimulus plans last month has now waned, as various headwinds impede the economic recovery and corporate performances. Investors are confronted with a complex landscape marked by insufficient earnings growth, rising U.S. trade tensions, and persistent economic uncertainties. This article delves into the current scenario facing
The recent fluctuations in the stock market post-election reflect the unpredictability of investor sentiment and economic indicators. Despite the current turbulence, seasoned investors can unearth opportunities amidst the chaos. It is essential to maintain a macro view rather than getting bogged down by temporary volatility. By leveraging insights from well-regarded analysts, investors can tailor their
In a significant development for the entertainment and sports industries, Warner Bros Discovery (NASDAQ: WBD) has reportedly settled its lawsuit against the National Basketball Association (NBA). This lawsuit revolved around allegations of breach of contract stemming from a previous agreement related to broadcasting rights. According to sources cited by the Wall Street Journal, this settlement,
Universal and DreamWorks Animation’s latest offering, *The Wild Robot*, is making waves in the animation sector, having recently crossed the impressive milestone of $300 million globally. Directed by Chris Sanders, the film has captivated both audiences and critics alike, boasting a total of $300.5 million through Friday reporting. This vibrant piece of storytelling has proven
In a recent post on X, billionaire entrepreneur Elon Musk outlined his endorsement for the position of Treasury Secretary in President-elect Donald Trump’s upcoming administration. This cabinet position, which plays a pivotal role in shaping economic policy, remains unfilled amid speculation and negotiations. Musk’s endorsement inevitably raises questions about the implications of his choice and