{
}
Tesla has launched a new long-range Cybertruck in the US, starting at $69,990, reflecting a significant price increase from its initial 2019 announcement. This model is part of a strategic shift in the EV market, where higher transaction prices are becoming the norm, despite ongoing consumer interest challenges.The Cybertruck's distinctive design continues to differentiate it in a competitive market, appealing particularly to younger consumers. However, the electric truck segment faces headwinds, including brand loyalty issues and consumer preference for hybrids or internal combustion engines due to affordability concerns.
The Indian rupee has strengthened due to a decline in the dollar's value. Meanwhile, Indian expatriates in the UAE are advised to pause their financial activities amid these fluctuations. Users are encouraged to manage their cookie preferences for an enhanced online experience.
London-based AI startup Incident.io has secured $62 million in a Series B funding round led by Insight Partners, bringing its total funding to over $96 million since its 2021 inception. The investment will enhance hiring, sales, and marketing efforts in London and San Francisco, as the platform, which has managed around 250,000 incidents, caters to organizations with over 200 users, including notable clients like Netflix and Etsy. The growing complexity of digital services and the financial impact of downtime underscore the demand for effective incident management solutions.
Israeli observability startup Groundcover has secured $35 million in a Series B funding round led by Zeev Ventures, raising its total investment to $60 million since its inception in 2021. The company aims to disrupt the costly observability market by offering an alternative to established platforms like Datadog and New Relic, utilizing eBPF technology for high-performance monitoring directly from the Linux kernel without code instrumentation. This approach addresses financial pressures and data sovereignty concerns, positioning Groundcover as a competitive player in a rapidly evolving landscape.
Indonesia's Finance Minister Sri Mulyani Indrawati warned that potential US tariffs could reduce the country's economic growth by 0.3 to 0.5 percentage points. To mitigate this impact, Indonesia plans to increase US imports, implement tax cuts, and ease import rules while emphasizing regional cooperation among ASEAN nations. Despite concerns, the overall effect is expected to be limited due to Indonesia's strong domestic market and lower export dependence on the US.
Asian shares plummeted, with Japan's Nikkei 225 index dropping 5.6% amid escalating trade tensions between the U.S. and China. The yen strengthened against the dollar, which fell to 143.64 yen, while U.S. stocks also faced significant losses, with the S&P 500 tumbling over 6% at one point. Investors reacted to China's countermeasures and the U.S. decision to impose higher tariffs, leading to a volatile market environment.
A Chinese diplomat condemned US tariffs on Chinese goods as "abusive," warning they harm global supply chains and violate trade principles. He urged the US to cease its unilateral actions, emphasizing the need for mutual respect and cooperation to foster global economic development. China remains committed to safeguarding its rights amid escalating trade tensions.
Fore Coffee's IPO was oversubscribed by over 200 times, attracting 114,873 retail investors, and is set to debut on the Indonesia Stock Exchange on April 14, aiming to raise approximately 353.44 billion rupiah (around US$21 million). The funds will be allocated to opening 140 new stores, expanding its donut business, and working capital. Established in 2018, Fore Coffee currently operates over 216 outlets across Indonesia and one in Singapore.
China, Japan, and South Korea's finance and central bank officials convened to discuss the effects of U.S. tariffs on the global and regional economy. The meeting, attended by China's central bank Deputy Governor Xuan Changneng, also focused on economic conditions and regional financial cooperation. China's central bank plans to maintain a moderately loose monetary policy to support financial markets and bolster economic recovery.
U.S. stocks plummeted on April 11 after tariffs on Chinese imports surged to 145%, triggering a nearly 1,700-point drop in the Dow and losses of 5% and 6% in the S&P 500 and Nasdaq, respectively. China warned of a potential trade war, emphasizing the need for mutual respect in negotiations. The unprecedented tariff rates could raise average effective tariffs significantly, impacting manufacturing and consumer prices, while the World Trade Organization predicts an 80% decrease in bilateral trade, affecting global supply chains.
United States Dollar
Currency
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Tesla unveils long-range Cybertruck priced at 69990 dollars in US market
06:40 11.04.2025
Indian rupee strengthens as dollar weakens impacting UAE's Indian expats
06:22 11.04.2025
UK startup Incident.io secures 62 million dollars in series B funding
06:10 11.04.2025
groundcover secures 35 million in series b funding to disrupt observability market
06:00 11.04.2025
us tariffs may reduce indonesia's growth by up to 0.5 percent
Indonesian Rupiah
United States Dollar
Apple Inc.
IDN
PHL
VNM
SGP
MYS
THA
Sri Mulyani
Bilahari Kausikan
Show more
05:59 11.04.2025
asian markets plunge as trade tensions escalate between us and china
Euro
Japanese Yen
United States Dollar
The Walt Disney Co
Warner Bros. Discovery, Inc.
HKG
TWN
CHN
AUS
GBR
KOR
JPN
USA
Donald Trump
Liz Truss
Scott Bessent
Stephen Innes
Bhanu Baweja
Show more
05:57 11.04.2025
Chinese diplomat criticizes US tariffs as harmful to global trade system
05:42 11.04.2025
fore coffee's ipo attracts overwhelming interest amid market uncertainty
05:39 11.04.2025
China Japan South Korea officials discuss impact of US tariffs on economy
05:26 11.04.2025
us stocks plunge as tariffs on china escalate to historic levels
Chinese Yuan
United States Dollar
J.P. Morgan Fixed Income Opps A EUR Inc
Oxford Economics Ltd.
USA
CHN
Donald Trump
Xi Jinping
Joe Biden
Show more
05:11 11.04.2025
Trending
Subcategory
Industry Trends
Corporate News
Startups & Entrepreneurship
Global Trade Developments
Government Economic Policies
Retail and Consumer Goods
Supply Chain Management
Industry Mergers & Acquisitions
Stock Market Updates
Global Financial Events
Energy Sector Developments
Venture Capital Investments
Finance Mergers & Acquisitions
Central Bank Actions
Cryptocurrency & Blockchain Regulations
Emerging Startups
Funding Rounds & Investments
Inflation and Monetary Impact
Private Equity Deals
Market Analysis and Predictions
Countries:
Companies:
Apple Inc.
NVIDIA Corporation
Google Inc.
Dell Technologies Inc.
Samsung Securities Co.,Ltd.
Learning Resources Inc.
MGA Entertainment Inc.
XPeng Inc.
Toyota Motor Corp
State Street Global Advisors Luxembourg SICAV - SSGA EMU ESG Screened Equity Fund
European Union Bonds
Taiwan Semiconductor Manufacturing Company Limited
Microsoft Corporation
Verizon Communications Inc.
OpenAI ERC USD
SLB 4,6% 01JUN25
Equinor Ventures AS
Quanta Services, Inc.
Gold Circuit Electronics Ltd.
Unimicron Technology Corp.
Currencies:
United States Dollar
Indian Rupee
Chinese Yuan
Euro
Japanese Yen
Australian Dollar
United Arab Emirates Dirham
British Pound Sterling
New Taiwan Dollar
New Zealand Dollar
Vietnamese Đồng
South Korean Won
Egyptian Pound
Thai Baht
Saudi Riyal
Indonesian Rupiah
South African Rand
Malaysian Ringgit
Singapore Dollar
Lebanese Pound
People: