The Soaring Dollar is Causing the World's Currencies to Fall

By Indu Tyagi Ketan, 17 October, 2022

With interest rates peaking globally, inflation is still present, as many currencies continue to depreciate against the dollar. The consensus among experts is that a worldwide recession is approaching. Amid its dim economic picture, the United States is still anticipated to grow more quickly than its affluent counterparts. High-interest rates make American assets more appealing to foreign investors.

In many other parts of the world, governments and financial institutions must deal with two problems: slow economic development and rising inflation. To treat the latter, central banks are purposefully sacrificing the former by employing the available tool of interest rate hikes. Europe is battling with high energy costs hindering its economic…

Is Recession Postponed?

By Indu Tyagi Ketan, 14 October, 2022

Just a few weeks ago, the world was on the brink of a global economic crisis, baffled by worries about inflation and unemployment, and now suddenly, the skies are clear.

The US Bureau of Labor Statistics recently released the Consumer Price Index (CPI) figures. According to the Bureau of Labor Statistics, food, housing, auto insurance, home furnishings, and healthcare prices rose during the month. . September saw a decrease in inflation to 8.2%, the lowest level since February. Still, a 5% decrease in the cost of gasoline was sufficient to bring the overall inflation rate down marginally.

The inflation rate was lower than economists had anticipated, at 8.1%. That comes after it reached 9% in June, which was the highest in over 40 years.

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Meet the Top 10 EV Battery Manufacturers in the World

By Aarti Dhapte, 14 October, 2022

The electrical vehicle (EV) market is booming, but the battery is what makes a Tesla Model S Plaid or a Porsche Taycan stand out from the competition. The electric battery will be the cornerstone of a revolution that the automotive industry will experience in a few decades.

Because of the increased use of hybrid and battery-powered vehicles by drivers and the electrification of automakers' fleets, demand for EVs is expected to continue to rise. EV manufacturers may still face some obstacles. The UK and Germany have cut subsidies, the US is working to lessen its reliance on Chinese minerals and components, and rising material costs are driving up the price of batteries.

An EV is nothing without it, so let's find out which battery…

Nokia will Lead the Next Generation 6G Project in Europe

By Aarti Dhapte, 13 October, 2022

The Hexa-X-II project will lead the second phase of the European 6G flagship initiative, which Nokia confirmed last week in a press release. Forty-four organizations will now be included on the Hexa-X partner list. They will be entrusted with developing the pre-standardized platform and system view that will serve as the foundation for many contributions to upcoming 6G standardization.

The European Commission has financed the Hexa-X-II project as part of the initial round of the Joint Undertaking for Smart Networks and Services (SNS-JU). It is the next step in bringing together important industrial stakeholders in Europe. Hexa-X and Hexa-X-II both aim to position Europe as a 6G leader.

The Hexa-X-II value chain fully represents future…

Japanese PM Kishida Announces Special Package to Combat Inflation

By Indu Tyagi Ketan, 12 October, 2022

Inflation is setting new records, and Japan is no different. The cost of living in Japan has taken on a new dimension in 2022, with prices all around the globe continuing to rise on the back of tight fuel supplies, raw materials, and other shortages caused by Russia's invasion of Ukraine. Japanese households are being affected by rising energy and food prices, and worries about a global economic recession are now threatening the Japanese economy.

More recently, a weakening Japanese Yen has also taken its toll on the cost of living in Japan, although it has been known for its reputation for being a bit expensive. Manufacturers here have to hike their prices to compensate for the increase in import costs.

According to Japanese Prime…

The Largest Oil and Gas Corporations in 2022: Who are They?

By Garvit Vyas, 12 October, 2022

Oil demand has begun to suffer because of rising prices and a weakening global economy, although a recovery in China and robust power generation partially offset these effects. At the same time, the rate of growth in worldwide demand has slowed slightly in 2022. A further increase is anticipated in 2023, driven by the non-OECD countries' robust development track. The World Bank also cautioned that the invasion of Ukraine by Russia and its effects on supply chains, inflation, and financial conditions had accelerated the decline in global economic activity in its most recent edition. Following are some of the largest Oil & Gas firms by revenue in 2022 based on net income.

GAZPROM, RUSSIA: PJSC Gazprom is a Russian majority state-owned…

What the 5G Revolution means for India

By Garvit Vyas, 29 September, 2022

According to the National Broadband Mission of India, the government will announce the debut of 5G services in India during the India Mobile Congress on October 1. 5G will allow Communications Service Providers (CSPs) in India to tap into new value plays from enterprise 5G and adopt next-generation technologies like Edge computing and AI. Experts opine that the value of scale can be genuinely derived from a market such as India. 5G will be an upgrade of the existing 4G networks, increasing connection capacity to meet the expanding demands of consumer and business customers across industries (such as improved traffic management and connectivity capabilities).

According to our research, the global market for 5G technology is anticipated to…

Energy Crisis, High Inflation, and a Slipping European Economy

By Indu Tyagi Ketan, 28 September, 2022

The world is experiencing a severe energy shortage sending shockwaves from Europe to Asia. Natural gas, which heats our homes and powers industries, is in short supply. As the world recovers from the pandemic's losses, energy demand has significantly increased. It is due to the economic recovery that has been taking place.

Meanwhile, Europe is caught in a trap of its dependency on pipeline gas, meaning it cannot immediately abandon the energy trade with Russia and cut it off. The E.U. commission has drafted a plan to accelerate its energy transition and get off Russian gas but meeting new targets will impose costs in Europe and abroad. Seeing supply restrictions from the most significant energy providers globally has multiple effects. On…

$100 Million Worth of NFTs Stolen in the Last Year

By Garvit Vyas, 05 September, 2022

According to a recent estimate by a blockchain research company, the hackers have stolen non-fungible tokens valued at over $100 million in the year leading up to July. The rapidly growing digital asset has become a new threat in cryptocurrency hacking.

Around 50,000 pieces of traditional artwork are stolen each year worldwide, and the black market for stolen art is valued between $6 billion- $8 billion annually. With the new era of digital art, these numbers are increasing exponentially. Artists' communities over social media are going through a rough time. If an artist wants to share artwork on social media, it means opening it up to the public. It allows their followers to amplify it by sharing or supporting the artist. But artists are…

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