soaring

Cybercrime in India is rising fast, according to a report by Netherlands-based Surfshark. How big is the hacking record? 18 out of 100 Indians have suffered from data breaches. India ranks sixth in the world when it comes to highest incidents of data-breaches, according to a new research by Netherlands-based firm Surfshark. The study went back as far as 2004, when the first digital attack was recorded, to compile the data. Cybercrime in India is so prevalent…

Bitcoin miners are spending more than 75% of their earnings in soaring electricity costs, resulting in a significant carbon footprint which is damaging to our environment, a new report revealed on Tuesday.Bitcoin (BTC) mining is a very electricity-intensive process. A recent study has shown that a single Bitcoin transaction consumes about 2165 kWh of electricity which a regular household in the US would use in 74 days."Factor in the roughly $0.14/kWh that an average household pays, and the magnitude of expenditure becomes…

Dollar General and Dollar Tree storesGetty ImagesShares of Dollar General and Dollar Tree popped Thursday, as the discounters beat Wall Street's quarterly earnings expectations, raised outlooks for the coming year and spoke of consumers flocking to lower prices during inflationary times.Dollar General shares rose 13.71% to close at $222.13 on Thursday. Dollar Tree shares jumped 21.87% to close at $162.80.The two retailers said they see opportunity to grow as Americans weigh value more heavily in their purchasing…

Credit: Shutterstock/SpeedKingz Inflation rates have become almost impossible to ignore. In the U.K., inflation has soared in recent months, now reaching 9%—the highest rate for 40 years. The Bank of England expects it to rise to 10% this year and for the economy to slow down. …

Soaring inflation, supply chain issues and the hit from the Ukraine war will bring an end to the growth boom India's IT services industry enjoyed during the pandemic, JP Morgan analysts said on Thursday as they downgraded the sector to "underweight".The $194-billion (roughly Rs. 15,068,27 crore) sector whose software services helped businesses adopt to pandemic-era practices of online shopping and remote working is facing a demand slowdown this year as employees return to offices and the Russia-Ukraine war weighs on…

Aircraft operated by Emirates, at Dubai International Airport in the United Arab Emirates.Christopher Pike | Bloomberg | Getty ImagesDubai's Emirates Airline posted a loss of $1.1 billion in the year through March, up from a $5.5 billion loss the previous year, despite soaring jet fuel costs which threaten to overshadow a nascent recovery in the global aviation sector.The world's largest long haul carrier said Friday that revenue jumped 91% to $16.1 billion dollars, helping to narrow its losses, as travel lockdowns eased…