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India overtakes North America to become biggest smartwatch market

India overtakes North America to become biggest smartwatch market

India overtook North America to take the global top spot in the smartwatch market in the quarter ending in September, according to a report by market researcher Counterpoint. Festival sales and the proliferation of affordable smartwatches helped grow the local market by 171% year-over-year. Affordable smartwatch models with larger screens and adding features like Bluetooth …

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The transitory discourse on inflation is back.  But economists say higher prices are here to stay

The transitory discourse on inflation is back. But economists say higher prices are here to stay

Fruit and vegetable prices are displayed at a store in Brooklyn, New York, March 29, 2022. andrew kelly | Reuters Global markets have been encouraged in recent weeks by data indicating that inflation may have peaked, but economists are warning of a return to the “transitional” inflation narrative. Stocks rebounded when the U.S. Consumer Price …

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China enlists Alibaba and Tencent in fight against US chip sanctions

China enlists Alibaba and Tencent in fight against US chip sanctions

China has tapped tech giants Alibaba and Tencent to help it design semiconductor chips, as Beijing braces for new US sanctions aimed at suppressing Chinese computing power. The Chinese government has set up a consortium of companies and research institutes, including the Chinese Academy of Sciences, to create new intellectual property on the chips. Beijing …

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eFounders transforms into Hexa, a portfolio company of startup studios

eFounders transforms into Hexa, a portfolio company of startup studios

Over the past 11 years, eFounders has refined the startup studio model in Europe. The company has helped launch more than 30 different startups, including three unicorns – Spendesk, Aircall and Front. While things seem to be going well for the startup studio, eFounders is pivoting — sort of. Starting today, eFounders becomes Hexa, a …

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Chinese factory activity data falls short of expectations;  Asia-Pacific markets mixed

Chinese factory activity data falls short of expectations; Asia-Pacific markets mixed

Chinese factory activity beats expectations and contracts for second straight month China’s official manufacturing purchasing managers’ index for November came in at 48, below the 50-point mark that separates growth from contraction. That’s below analysts’ expectations polled by Reuters, who had forecast a reading of 49. October’s PMI was 49.2. PMI readings are sequential and …

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Elon wants to go to war with Apple.  History suggests that it probably won't change anything.

Elon wants to go to war with Apple. History suggests that it probably won’t change anything.

Elon Musk sent a note to Twitter staff on Thursday confirming that job cuts would be announced on Friday.Carina Johansen/Getty Images Elon Musk isn’t the first – or necessarily the most powerful – to take on Apple’s App Store fees. Industry insiders from developers to CEOs have long denounced the 30% fee, dubbed the “App …

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Twitter is less secure due to Elon Musk's management style, says former top official |  CNN Business

Twitter is less secure due to Elon Musk’s management style, says former top official | CNN Business

CNN Business — The dictatorial management style of Twitter owner Elon Musk risks driving the company headlong into unforced business mistakes, content moderation disasters and the degradation of the platform’s core features that help protect vulnerable users, according to a former top Twitter executive who led the company’s content moderation before quitting abruptly. this month. …

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