Dashboard
LoginSign Up

Financial News

google70d ago

Quantum computers are coming to break our codes faster than anyone expected - The Conversation

Quantum computers are coming to break our codes faster than anyone expected The Conversation Why is quantum computing seen as a challenge to Bitcoin? Investing.com Yikes, Encryption’s Y2K Moment is Coming Years Early Electronic Frontier Foundation Bitcoin Pioneer Adam Back, Bernstein Say Quantum Threat to BTC Isn’t Existential Yahoo Finance Bitcoin Policy Institute Warns Quantum Advances Are Compressing Timeline for Network Upgrades Bitcoin Magazine

#CRYPTO
ghanamma70d ago

Kenya’s Registrar Names Over 400 Companies Targeted for Dissolution in Book Clean-Up

The Deputy Registrar of Companies has published two gazette notices listing over 400 companies that face imminent dissolution The listed companies have been given three months to respond or face dissolution in a sweeping crackdown on inactive or non-compliant businesses The affected firms span virtually every sector of Kenya’s economy, from agribusiness to manufacturers, forex [...] The post Kenya’s Registrar Names Over 400 Companies Targeted for Dissolution in Book Clean-Up appeared first on Ghanamma.com .

#FOREX
manilatimes70d ago

Philippines has 45 million gamers, report says

AROUND 45 million Filipinos are active gamers, making the Philippines one of Southeast Asia’s largest and most socially driven gaming markets, according to a new industry report. The study, released by Ampverse, examined gaming trends across Southeast Asia and found that the region had about 290 million gamers in 2025, with the market valued at roughly $6.6 billion. In the Philippines, gaming has become embedded in daily digital behavior, with players engaging not only in gameplay but also in livestreams, content creation, and online communities. “The Philippines is one of Southeast Asia’s most dynamic gaming markets because of how social and community-driven it is,” said Charlie Baillie, chief executive officer and co-founder of Ampverse. He added that gaming in the country extends beyond playing, as users actively share experiences and discover content through creators, making it relevant for companies seeking audience engagement. The report said gaming in Southeast Asia is no longer a niche sector but a growing consumer and media economy. It projected that the number of gamers in the region could exceed 330 million by 2030, reinforcing its position as one of the world’s largest gaming markets. While gaming revenue is expected to rise modestly to about $7.1 billion by 2028, the broader ecosystem — including creators, communities and advertising-driven engagement — could reach $14 billion by 2030. The study noted that mobile platforms account for about 70 percent of gaming revenue in Southeast Asia, with more than half of gamers consuming related content through livestreaming platforms, video-sharing sites and social media. In the Philippines, content creators and peer recommendations play a key role in how games are discovered and shared, highlighting the importance of community-driven engagement. The report also pointed out that strategies designed for Western markets may not be effective in Southeast Asia, particularly in the Philippines, where gaming behavior is shaped by social interaction and creator ecosystems. “The Philippines is a clear example of why localization matters,” Baillie said. Ampverse said the report aims to guide marketers, media executives and publishers in understanding how gaming is reshaping digital behavior and commercial opportunities in the region.

#ECONOMY
manilatimes70d ago

Indian auto hub hikes minimum wage after protests over soaring costs due to Iran war

MANESAR, India — India's auto-making state of Haryana ordered a 35-percent hike in minimum wages on Friday, after factory workers boycotted work and staged protests this week over rising living costs as a result of the US-Israeli war on Iran. Haryana's government said it was raising the minimum wage for unskilled workers to $165 per month, from roughly $120, effective April 1, a move that helps workers but will raise cost pressures for India's auto industry at a time of rising input prices and supply chain disruptions. The decision comes a day after clashes between the police and workers in Manesar, located 30 miles (48.28 kilometers) south of New Delhi and home to companies like Maruti Suzuki, as well as hundreds of ancillary units that feed into it. "We urge the workers to ... peacefully carry on their work," Ajay Kumar, a state official, said in a video address on Friday. Factory workers have been hit hard as prices at eateries have surged due to disrupted supplies of gas in recent weeks, prompting some to return to their villages. India is the world's second-largest liquefied petroleum gas (LPG) importer and is battling its worst gas crisis in decades, with the government cutting supplies for industries to shield households from any shortage of cooking gas. The government's move will increase costs for India's car industry, already dealing with higher raw material prices stemming from the Iran war. While the likes of Tata Motors and Mahindra have raised car prices, Maruti has warned of a similar move. Heavy reliance on gas India's heavy reliance on gas across the economy — businesses of all sizes, households, agriculture, public transport — makes its factories as well as lower-income earners among the most vulnerable in Asia. Akash Kumar, 25, who works at Munjal Showa, a supplier to motorbike maker Hero MotoCorp, said street vendors were charging him double the price for a meal of bread, curry and yogurt. Friday's decision, he said, will bring some relief. "Whatever we get, we have to be happy," he said, adding that workers have resumed duties after being told about the pay hike. Industrial unrest in Manesar affected various auto suppliers this week, according to Reuters' interviews with more than 30 workers. Workers said they were demanding pay rises to sustain their livelihoods as food was becoming expensive and gas supplies were erratic. The federal government maintains there is no shortage of cooking gas for households and it is increasing availability of smaller cylinders for daily-wage earners and migrants. Munjal Showa told Reuters its production was partially impacted this week. At Roop Polymers, a supplier to Maruti and Honda, notices on the factory-gate wall warned of disciplinary action against absent workers, and a company executive said "work was heavily disrupted inside" due to the protests. In a statement on Saturday, Roop told Reuters that the impact of worker protests on production was "very minimal" and operations are now running normally. Maruti, Honda and Hero did not respond to requests for comment. While talks between Iran and the US have raised hopes of de-escalation, auto industry executives said supply chains could take weeks to normalize, as a growing number of migrant workers head back home. India has about 400 million local migrant workers heading to places such as Manesar to earn a minimum wage for an average 48 hours a week. "Most employers are trying hard to hold on to the workforce that is running back by offering two meals a day or paying a small bonus," said Vinod Kumar, president of India SME Forum which represents thousands of small and medium-sized businesses. The group is seeking government help to implement "emergency" measures and establish cluster-based common kitchens, as Kumar said "once labor leaves, it is very difficult to get them back." REUTERS

#ECONOMY
China Gave Its AI Away
hackernoon70d ago

China Gave Its AI Away

China's 15th Five-Year Plan reveals a deliberate bet on small, open, and efficient AI models over the West's expensive proprietary giants. DeepSeek trained a GPT-4 rival for $6 million and released it free. Alibaba's Qwen hit 700 million downloads. Chinese models now account for nearly 30 percent of global AI usage. The strategy is not about beating the West on benchmarks. It is about becoming the default AI infrastructure for the rest of the world, and it is already working.

#TECH
Torm Plc (NASDAQ:TRMD) Sees Significant Decrease in Short Interest
thelincolnianonline70d ago

Torm Plc (NASDAQ:TRMD) Sees Significant Decrease in Short Interest

Torm Plc (NASDAQ:TRMD – Get Free Report) was the target of a large decline in short interest during the month of March. As of March 31st, there was short interest totaling 526,628 shares, a decline of 59.5% from the March 15th total of 1,300,264 shares. Approximately 0.5% of the company’s stock are short sold. Based [...]

#STOCKS
Short Interest in Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Decreases By 75.5%
watchlistnews70d ago

Short Interest in Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX) Decreases By 75.5%

Direxion Daily TSM Bull 2X Shares (NASDAQ:TSMX – Get Free Report) saw a large decline in short interest in March. As of March 31st, there was short interest totaling 28,620 shares, a decline of 75.5% from the March 15th total of 116,703 shares. Approximately 0.5% of the company’s shares are short sold. Based on an [...]

#STOCKS