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Robots to Detect

Singapore Deploys Robots to Detect “Undesirable Social Behaviors”

In its latest bid to strengthen surveillance, Singapore deployed two robots to police bad behavior in public places. According to the press release shared by the Home Team Science and Technology Agency (HTX) of Singapore, the robots detected behavior such as the flouting of Covid-19 norms, smoking in prohibited areas, illegal hawking, improper parking of bicycles, and riding motorcycles on walking paths.

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Why Do Big Companies Go Bust

Why Do Big Companies Go Bust?

In 2020, over 600 corporations in the U.S. filed for bankruptcy. In India, that number touched 72. And in China, over 200,000 companies went bankrupt in the first two months of 2020. Declaring bankruptcy is becoming a common recourse for big and small companies. But what is causing companies to go bankrupt?

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What Are the Top 5 Cybercrimes

What Are the Top Five Cybercrimes?

In 2020, over 240,000 people in the U.S. reported being victims of phishing. The second most commonly reported cybercrime was the non-delivery of products, followed by extortion. Cybercrimes are more rampant than ever. Recognizing that, 154 countries have enacted cybercrime legislation. Still, that has not deterred cybercriminals who steal information and money from vulnerable people and companies.

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Nike’s Revenue Falls Due to Supply Chain Disruptions

Nike’s Revenue Falls Due to Supply Chain Disruptions

Footwear giant Nike witnessed a 3% dip in its shares as supply chain problems worsened. About three-fourths of Nike’s shoes are manufactured in Southeast Asia. Over 50% of them are made in Vietnam, where factories are shut due to Covid resurgence.

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Power Cuts Threaten China's GDP in 2021

Power Cuts Threaten China’s GDP in 2021

After the Evergrande crisis, another issue may threaten China’s GDP. This holiday season, some of us across the world may not get to buy smartphones and other goods for our loved ones. That’s because China’s state-mandated power cuts have forced factories to shut down and halt production. This will affect the supply of some sought-after products, like Apple and Tesla.

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Why the World Is Facing a Supply Chain Crisis

Why the World Is Facing a Supply Chain Crisis

The Covid-19 pandemic has drastically impacted many sectors of the world economy. One of the sectors that fell on its face was the supply chain.The pandemic and lockdown have resulted in businesses’ inefficiency in meeting unprecedented consumer demand across all product categories. Recently, Morten Engelstoft, Chief Executive at Maersk-owned APM Terminal, echoed a similar sentiment.

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TikTok over Privacy Concerns

Ireland Launches Investigation into TikTok over Privacy Concerns

On September 14, 2021, Ireland’s Data Protection Commission (DPC) launched an investigation into Bytedance-owned TikTok, the popular video sharing app. This investigation comes as TikTok is already facing backlash regarding data privacy concerns. To know more about the app’s highs and lows in 2020, check out this article.

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Is Telegram the New Dark Web

Is Telegram the New Dark Web?

Every minute, nearly US$3 million is lost to cybercrime. And by 2025, cybercrime is set to cost the world over US$10 trillion. That cybercrime demands our immediate attention is evident. Cybercrimes are becoming easier and more prominent than ever before. A 2019 Global Data Risk Report revealed that, on average, only 5% of companies have properly protected their folders.

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What is Deep Tech and Why is it Important

What is Deep Tech and Why is it Important?

Deep technology is the latest addition to the startup universe and to the world of innovative problem-solving. The term “Deep Tech” was coined by Swati Chaturvedi, the founder of the digital investment platform PropelX. It refers to startup companies based on substantive scientific or technological innovation.

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Evergrande’s Implosion

What Led to Real Estate Giant Evergrande’s Implosion

China’s second-largest property developer, Evergrande, is undergoing a severe liquidity crisis. The company’s shares are down 85% since January 2021, and they are US$300 billion in debt. In a bourse filing on September 14, 2021, Evergrande warned people of a possible liquidity crisis.

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Google’s Global Antitrust Battle

Google’s Global Antitrust Battle

Over the last couple of years, tech giant Google has been getting caught up in antitrust lawsuits across the world. From 2017 to 2019, the tech company has been fined US$9.4 billion in Europe alone. In 2021, Google has been hit with a US$177 million fine in South Korea and is undergoing an investigation by the Competition Commission of India (CCI).

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Elon Musk Says Car Production Is Hard

Elon Musk Says Car Production Is “Hard”

Among the hundreds of carmakers worldwide, few are as self-assured as Elon Musk, the CEO of the world’s top electric car manufacturing company. That’s why Musk’s comment on car production being “hard” turned heads.

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Facebook Is Reading Your WhatsApp Chats

Facebook Is Reading Your WhatsApp Chats: Report

Your WhatsApp chats are anything but private, as per a new report by ProPublica. Facebook pays over 1,000 contract workers across Austin, Texas, Dublin and Singapore hourly to sift through millions of private messages, images and videos. The workers can only access the messages that users report.

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OpenSea-Bans-Insider-Trading

OpenSea Bans Insider Trading after Employee Defrauds Buyers

On September 14, 2021, OpenSea, a popular NFT (Non-Fungible Tokens) marketplace startup, admitted to insider trading on their website. Insider trading happens when people—employees or otherwise—use a company’s non-public knowledge to their financial advantage. OpenSea did not reveal the employee’s name; however, Twitter users took advantage of blockchain’s public access and transparency to ascertain who did it.

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How Did Civilians Prepare for the SpaceX Mission

How Did Civilians Prepare for the SpaceX Mission?

Imagine this: you’ve won the lottery and you are going to space, accompanied by a billionaire, in Elon Musk’s aircraft. It sounds like a dream. However, it became a reality for air force veteran Chris Sembroski who won this trip to space in a lottery. Inspiration4”—was launched from Florida and represents the first all-civilian crew heading to space. The journey aims to raise funds for St. Jude Children’s Research Hospital.

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What Causes Inflation and Are Banks Worried about It Post-COVID

What Causes Inflation and Are Banks Worried about It Post COVID?

The global inflation rate in 2020 reached 3.2%, well above the acceptable rate of 2%. This rise in prices is known as inflation, and this was an issue heavily discussed at the Central Bank Jamboree Conference 2021. It indicates that the prices of most everyday products and services, such as food, clothing and housing, increased, as did their demand due to the pandemic.

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