The fast-fashion giant Shein is under investigation by Italy’s antitrust agency, amid claims of misleading environmental practices. The probe targets Infinite Styles Services Co. Limited, the Dublin-based company that operates Shein’s website and mobile app. The investigation raises serious concerns about the authenticity of Shein’s sustainability claims, particularly those related to its ‘evoluSHEIN’ product line. […]
Meta Introduces Prototype of Orion AR Glasses: A Game-Changer in Augmented Reality
At its recent Connect conference, Meta Platforms showcased its first working prototype of augmented reality (AR) glasses, known as Orion. This ambitious transition into the world of AR by the tech giant is spearheaded by CEO Mark Zuckerberg, who characterized the chunky black glasses as a revolutionary step toward blending virtual and physical realities. The […]
Binance Introduces Pre-Market Token Trading: A New Frontier for Cryptocurrency Investors
In a strategic move aimed at enhancing user engagement and expanding its trading ecosystem, Binance has launched a pre-market trading service that allows users to trade new tokens before their official listing on the spot market. This innovative feature integrates with Binance’s renowned Launchpool, enabling users to earn new coins by locking in Binance Coin […]
India Launches Ambitious Global Digital Payments Initiative Based on UPI
India is stepping up its efforts to establish a global digital payments ecosystem, leveraging its successful Unified Payments Interface (UPI). Collaborations are in the works with numerous nations across Africa and South America, with aspirations to launch two robust digital payment systems by early 2027. Ritesh Shukla, the CEO of NPCI International Payments Ltd (NIPL), […]
South Korea’s Semiconductor Dependence on China Grows
The intricate web of global supply chains is increasingly shifting the balance of power in the semiconductor industry, particularly as South Korea’s dependency on China for critical materials continues to rise. Recent data from the Korea Eximbank Overseas Economic Research Institute highlights a stark shift in this vital sector. Major South Korean firms, specifically Samsung […]
### TrueCoin and TrustToken Fined by SEC: Implications for the Crypto Landscape
TrueCoin and TrustToken, significant players in the cryptocurrency sector, have recently come under scrutiny by the U.S. Securities and Exchange Commission (SEC). The regulator has imposed fines on both companies due to their misleading promotions of the TrueUSD stablecoin and the TrueFi decentralized finance platform. This controversial case underscores the ongoing tension between regulatory authorities […]
Google Files Complaint to EU Over Microsoft's Cloud Tactics
In a significant development for the tech sector, Google has submitted a formal complaint to the European Commission, alleging that Microsoft is abusing its dominant position in the cloud market. This ongoing friction not only highlights the intense rivalry between these tech giants but also raises important questions about competition and regulation in the ever-growing […]
Microsoft to Boost Cloud Computing and AI Capacity in Mexico
Microsoft has announced a major investment of $1.3 billion in Mexico over the next three years, focusing on enhancing its cloud computing and artificial intelligence (AI) infrastructures. This move aims to significantly improve connectivity and promote the adoption of AI among small and medium-sized businesses (SMBs) in the region. During a recent event held in […]
Advancing Water Security: Innovative Aquifer Storage Technology in South Korea
In an era where water scarcity is becoming an increasingly pressing issue, innovative solutions are vital for ensuring sustainable water supply. One such promising solution is aquifer storage technology, currently being employed in various countries such as the United States, the Netherlands, and Australia. In South Korea, where intense summer rainfall poses significant challenges for […]
MoneyGram Faces Challenges Amid Cybersecurity Outage
MoneyGram, a renowned player in the financial services sector, has recently experienced a significant setback attributed to a cybersecurity issue. The company confirmed that its services were disrupted due to this breach, which began affecting operations on September 20, leading to a multi-day outage. As reports surfaced, MoneyGram promptly took action, investigating the situation and […]