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The global smartphone market experienced a remarkable rebound in 2024, surging by 7% after two consecutive years of decline, according to market research firm Canalys. In 2024, over 1.2 billion smartphones were shipped, indicating a substantial recovery in consumer demand following the COVID-19 pandemic. Canalys analyst Runar Bjørhovde highlighted 2024 as a pivotal recovery year for the smartphone industry. The growth was primarily driven by consumers replacing devices...

3 February 2025

In recent days, Bitcoin’s value has experienced a significant decline, dropping by approximately 10%. Other cryptocurrencies have faced even steeper losses. Most analysts attribute this downturn to new import tariffs introduced by U.S. President Donald Trump. As of noon on Monday, investors were paying around $95,300 (93,000 euros) per Bitcoin, a decrease of about 10% from Friday. Earlier in the day, the price dipped below $92,000. According to...

3 February 2025

Volkswagen, the renowned German auto manufacturer, is embroiled in a legal battle with Indian authorities over a colossal tax assessment amounting to $1.4 billion (1.35 billion euros). This tax levy is noted as the largest import duty ever imposed by India and has sparked significant controversy. The crux of the dispute lies in Volkswagen’s import strategy. The company reportedly brought in various models of its VW, Skoda, and...

2 February 2025

The German industrial giant Bosch witnessed a significant decline in profits last year, with earnings dropping by nearly a third. This downturn is attributed to lackluster sales of electric vehicles across Europe and a broader global economic uncertainty. As a key supplier to the automotive industry, Bosch has been affected by the industry’s broader struggles with diminishing sales and profits, which inevitably impact associated suppliers. In addition to...

1 February 2025

Shell, the global oil and gas giant, reported lower than anticipated profits for last year, as the company faced challenges across both its traditional and renewable energy segments. While cost savings were achieved, these were overshadowed by declines in revenue, leading to a drop in profits from $28 billion to $24 billion in 2024. Despite these setbacks, Shell’s CEO, Wael Sawan, remains optimistic about the company’s financial performance....

31 January 2025

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