Oil Prices Soar, Fed Raises Rates as Brent Hits $83.40/bbl

Oil prices climb for various reasons, including supply and demand imbalances, geopolitical tensions, and market speculation. When the demand for oil increases faster than the rate at which it can be produced, prices tend to rise. Conversely, if the supply outpaces the demand, prices may fall. Geopolitical events, such as conflicts in major oil-producing countries, …

US Short Sellers Puzzled at Hindenburg Bet Against Adani

Hindenburg Research’s revelation of a short position in Adani Group has left competing US investors puzzled. With Indian security rules being stringent against foreign investors betting against companies there, US investors wanted a closer look at the mechanics of the trade. So far, Hindenburg’s stance has worked out in their favor, and the Indian conglomerate …

Huawei’s Export License Renewal Halted by the Us

As of January 31, 2023, the Biden administration struck down the renewal of the export license to US companies selling essential components to China’s largest global technology company, Huawei. While the formal announcement regarding a total ban on export to Huawei has not yet been released, sources from the Department of Commerce have confirmed this …

Google Just Took the Wraps Off Its Long-Awaited ChatGPT Rival: Meet Bard

ChatGPT has taken over the world by storm. It has become the fastest-growing platform, with over 100 million users since its launch on 30 November 2022. It has over 13 million unique users every day, and people are finding new ways to make the best use of the platform. Now, Google is all set to …

Tesla Plans a US$3.6 Billion Expansion to Nevada for Semi Truck and Battery Cell Production

On January 24, 2023, Tesla announced its plan to take a step in the direction of expansion. The plan involved investing more than US$3.6 billion to expand its Nevada Gigafactory complex with two new factories. One of these factories is finally going to be the site for the mass production of its long-delayed Semi electric …

Microsoft’s Cloud Business Stays Strong Despite Trying Times

Recently, Microsoft posted results that shed some positivity in light of the weak economy, thanks to the cloud business that hit Wall Street targets for the end of 2022, but it may miss expectations in the current quarter. The stable results that the company posted helped soothe the fears the tech giants had about their …

Banks Join Hands to Create a Digital Wallet in a Bid to Up the Competition

Several banks, including Bank of America and JPMorgan Chase, are collaborating to bring forth a payment wallet that gives other players in the market a run for their money. In a bid to compete with Apple Pay and PayPal, the works for a digital wallet that links with debit and credit cards are in motion. …

What actually are all these different SAP clouds?

SAP Cloud Platform, SAP HANA Enterprise Cloud (HEC), SAP S/4HANA Cloud, SAP HANA Cloud Platform (HCP) and most recently reference to SAP industry cloud. Are all these different SAP cloud services, just new marketing names for the same thing or are they actually very different solutions for different needs? This article is intended to explore …

SAP Ecosystem and SAP Business Technology Platform: delivering the intelligent enterprise for customers

While SAP continues to deliver innovative products, it’s the broad ecosystem of more than 22,000 partners together with the SAP Services team that helps customers realize business value and achieve tangible return on their investments. While this has always been the case for implementation of SAP applications the opportunity is even greater for partners to …