Author: Arpit Palla

Xiaomi Corporation, a global tech giant renowned for its smartphones and smart devices, is now making significant strides in the electric vehicle (EV) industry. The company’s founder and CEO, Lei Jun, recently made headlines by declaring that Xiaomi’s electric vehicle (EV) division is expected to turn profitable in the second half of the year. This bold forecast has sent ripples across the global automotive and tech sectors, particularly as Xiaomi only recently entered the EV market. The company’s focus on innovation, aggressive investment strategy, and integrated ecosystem approach appear to be paying off quicker than many anticipated. In the highly…

China, the world’s second-largest economy and a vital hub for global manufacturing, faced a troubling downturn in factory activity during May. This comes at a time when international trade tensions are reigniting, putting pressure on supply chains and investor confidence. Manufacturing, a key pillar of China’s economic engine, is showing signs of strain as export orders slow and operational costs increase. The latest industrial data released by the National Bureau of Statistics (NBS) points to a contraction in factory output growth. The slowdown reflects both domestic uncertainties and global headwinds, particularly in relation to new tariffs imposed by Western nations.…

Gold prices have surged once again as the Russia-Ukraine conflict intensifies, stirring global economic uncertainty and heightening demand for safe-haven assets. The precious metal, long seen as a hedge against geopolitical crises and inflation, continues to attract attention from investors reacting to the ongoing turmoil in Eastern Europe. The geopolitical standoff has sent ripples across international markets, with investors shifting funds away from riskier assets toward gold, which traditionally holds value during times of crisis. Both physical gold and paper derivatives, such as exchange-traded funds (ETFs), are experiencing a sharp increase in trading volume. The escalation has led to renewed…

The stock market experienced a steep decline, plummeting 813 points amid rising concerns surrounding the upcoming national budget. Investors across sectors were seen pulling out due to mounting uncertainty over potential fiscal reforms and tax amendments, sparking widespread volatility. Pre-budget jitters often shake investor confidence, but this time, the pressure seems notably intense. Market participants are growing increasingly wary of government spending plans and potential taxation strategies, resulting in a cautious trading atmosphere. The sell-off not only affected large-cap stocks but also dragged mid and small-cap indices, painting a grim picture for the short term. Analysts suggest that until more…

Pakistan’s crypto landscape is on the brink of a significant transformation as the government moves decisively toward establishing a dedicated crypto regulation committee. This marks a significant development in a country where digital currency adoption has surged despite the absence of formal regulatory frameworks in place. The formation of a regulation committee reflects the government’s recognition of the growing importance of cryptocurrencies in Pakistan’s financial ecosystem. With increasing interest from investors and businesses in cryptocurrencies such as Bitcoin, Ethereum, and emerging altcoins, clear regulations are becoming increasingly essential. The government aims to strike a balance between encouraging innovation and protecting…