Sony has opened a brand new production line in Brazil to manufacture physical PlayStation 5 game discs. This production will take place at Sony’s cutting-edge facility located in the Manaus Free Trade Zone in Northern Brazil, an area where special fiscal incentives apply. The facility, originally built by Sony in partnership with Solutions 2 GO,…
Epic Games has announced new pricing changes for Unreal Engine, but game developers can breathe a sigh of relief as they will not be affected. During last year’s Unreal Fest 2023 conference, Epic CEO Tim Sweeney assured game developers that they would not be charged for using Unreal Engine. This promise has now been upheld….
Fast-Fashion Startup Virgio Shuts Down Operations after Raising $160 Million in Funding Fast-fashion startup Virgio, founded by former Myntra chief, is shutting down its operations less than a year after raising funds at a valuation of over $160 million, according to two investor sources familiar with the situation. The End of a Beloved Fashion Brand…
Apple Raises Prices for iPhone 15 Models in Key Markets Introduction Apple has recently increased the prices of its latest iPhones in important markets such as China, Japan, and India. This move comes as Apple aims to boost growth amidst a slowdown in the smartphone market, while focusing on premium users in countries like India….
India’s abrupt import restrictions on personal computers and laptops in August have caught major suppliers off guard and raised concerns about protectionism. The move, aimed at boosting manufacturing under the “Make in India” program, seems contradictory to India’s efforts to enhance its global reputation. As India’s strategic importance increases due to shifting geopolitical alliances, such…
Apple Earnings Report: What to Expect Introduction Apple is expected to post its third consecutive quarterly revenue decline when it reports earnings after the bell on Thursday. Wall Street expects $81.7 billion in sales, which would be down about 2.3% from last year. Apple stock is up over 51% so far in 2023, hitting all-time…
The U.S. Economy Shifts from Rolling Recession to Rolling Recovery Introduction The U.S. economy has undergone a transition from a “rolling recession” to a “rolling recovery,” as stated by market veteran Ed Yardeni. Despite the Federal Reserve’s monetary tightening, which includes multiple interest rate hikes, the U.S. economy has managed to avoid a recession. Instead,…
Samsung Electronics Expands Chip Manufacturing Business Samsung’s Roadmap for Chip Manufacturing Expansion Samsung Electronics recently announced its plans to expand its chip manufacturing business, focusing on leading-edge semiconductors. The company aims to catch up with industry leader TSMC. Samsung’s Semiconductor Business Samsung is well-known for its smartphones, but its semiconductor business serves as its primary…
Is a Recession on the Horizon? The Signals from the Bond and Stock Markets For almost a year now, the bond market has been indicating that a recession could be coming. However, the stock market has been largely ignoring these signals. In July 2022, the 2-year Treasury yield exceeded the benchmark 10-year note, a phenomenon…
The International Energy Agency predicts slow growth and peak in oil demand Global oil demand growth will trickle nearly to a halt in the coming years and peak this decade, according to the International Energy Agency, with Chinese consumption set to slow down after an initial pent-up recovery. “The shift to a clean energy economy…
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