Business

News this past week

Happy new year!
May this year brings happiness and prosperity in your life.

News you might have missed this week. This is your one stop for all the news surrounding technology, businesses and startups.

Business News

“World economy to pass $100 trillion in 2022”
According to British consultancy (Cebr), world’s economy will exceed $100 trillion for the first time in 2022. Indian economy will overtake France’s economy next year and Britain’s in 2023 to become sixth biggest economy in the world. Cebr further predicted that China will become world’s largest economy by 2030.

“Japan to pay companies to keep sensitive patents secret”
Japan will compensate companies to maintain the secrecy of patents with potential military applications under its proposed economic security legislation, the Nikkei reported on Sunday. This will include patents such as the development of nuclear weapons and innovations like quantum tech. Earlier PM Kishida had pledged, that he will make economic security a priority.

”Bank accidentally sends ₹1,300 crore to 75,000 accounts in UK on Christmas”
Santander, one of the leading bank in the United Kingdom, is attempting to recover £130 million which were accidentally transferred to thousands of individuals in a Christmas Day blunder, Daily Mail reported. The payments were sent due to a technical glitch, a bank spokeswoman said. Bank is struggling to recover the money as most of it was deposited in accounts at rival banks.

Technology News

“Paralyzed man in Australia tweets using only his mind with the help of a microchip installed in his brain”

Source: Inshorts


A 62-year-old paralyzed man posted a tweet using only direct thought after a microchip was installed in his brain. Philip O’Keefe became the first ever person to tweet a message using only his thought. It was made possible by a microchip implanted in his brain that picks up his brain signals. The microchip is developed by Synchron, a brain computer interface company. “Hello, world! Short tweet. Monumental progress,” Philip O’Keefe tweeted from the handle of Synchron CEO – Thomas Oxley.

Find captions for your new year resolutions: Captagram

“Apple to launch new iPhones without sim card slot by September 2022”

iPhone
iPhone


There will be now two eSIM cards, instead of one, to ensure dual sim capability. The removal of the SIM card slot is a step further towards a portless iPhone. According to MacRumors, some US carriers will start offering select iPhone 13 models without a SIM card slot in the second quarter of 2022 as part of the transition.

“Binance Coin gained 1,300% in 2021, outperforms Bitcoin, Ether”
Among the three largest cryptocurrencies by market value, Bitcoin, Ether, and Binance. Binance Coin has outperformed its two larger rivals Bitcoin and Ether in 2021. The crypto coin by cryptocurrency exchange Binance gained roughly 1,300% in 2021. Whereas the top 2 cryptocurrencies, Bitcoin gained 65% and Ether gained 408%, as per Arcane Research.

Startup News

“2021 was the year of IPOs of Indian startups”
India’s largest ever IPO (Initial Public Offering) was Paytm’s giant ₹18,300-crore IPO. The second-largest IPO of 2021 was by Zomato, which raised ₹9,375 crore. PowerGrid InvIT’s ₹7,735-crore IPO and Rakesh Jhunjhunwala-backed Star Health and Allied Insurance’s ₹7,249-crore IPO were further next in the list.
Indian unicorns like Delhivery, Droom, MobiKwik, OYO and BYJU’S have already decided to go for an IPO in 2022. Among e-commerce majors, Snapdeal and Flipkart also plan to go public next year. There’re many other Indian startups like CarDekho, Ola, Swiggy, Pine Labs and Ecom Express which plan to go public in 2022.

Source: https://inshorts.com/