Business

Home Business

Russia-Ukraine War: World Bank to Cut 2022 Global Growth Forecast

World Bank

Due to the effects of Russia's invasion of Ukraine, the World Bank is lowering its global growth prediction for 2022 by nearly a half percentage point, to 3.2 percent from 4.1 percent, according to World Bank President David Malpass. On a conference call with reporters, Malpass said the World Bank was responding to the war's increased economic stresses by proposing...

Bitcoin Mining Generates a Lot of Garbage

Bitcoin

According to studies, bitcoin mining generates an amount of electronic garbage (e-waste) each year that is similar to the small IT equipment waste generated in the Netherlands. Alex de Vries and Christian Stoll predict that cryptocurrency miners generate 30,700 tonnes of e-waste per year. According to them, each transaction weighs an average of 272g (9.5oz). An iPhone 13 weighs 173g in...

Toyota Launches bZ4X Electric SUV with Price

Toyota bZ4X electric SUV

Toyota, the top-selling automaker in the United States, is introducing its first all-electric vehicle in eight years. The company unveiled Toyota bZ4X small SUV, which starts at $42,000 and can travel up to 252 miles (406 kilometers) on a single charge. The bZ4X, which will be sold globally, joins the 38 electric vehicle models currently on the market in...

Everything You Need to Know about Flipkart Big Billion Day

Flipkart Big Billion Day

For Plus members, the Flipkart Big Billion Days 2021 sale will begin at midnight tonight. The major festive season sale on Flipkart will begin on October 3 and will last until October 10. The Big Billion Days 2021 sale on Flipkart offers deep discounts on a wide range of smartphones, laptops, televisions, and other devices. Flipkart will also run...

Why Bitcoin could Become Reserve Currency?

Bitcoin

The announcement by a cryptocurrency platform that it will gather $10 billion in bitcoin to back its own "stablecoin" is causing a stir in the market. It's part of a larger effort to establish bitcoin as the new world's reserve currency. According to publicly available blockchain data, Seoul-based Terraform Labs has amassed about 40,000 bitcoin worth $1.7 billion through a...