The collapse of crypto exchange FTX sparked a run on Silvergate Capital, forcing the bank to sell assets at a steep loss to cover some $8.1 billion in withdrawals. Crypto-related deposits plunged 68% in the fourth quarter, the bank said in an early release of some quarterly results. To satisfy Read more…
NVIDIA has announced that it’s bringing GeForce Now game streaming to cars using the company’s Drive platform. The rollout will offer access to titles like Cyberpunk 2077 on a driver display while you’re charging or parked, or any time from the backseat. The cloud gaming option already has initial support Read more…
Despite being the birthplace of the humble rice cooker, a decline in appetites for the grain and cost savings to be found elsewhere are prompting Panasonic to end production in Japan. Instead, the Osaka-based manufacturer will transfer production to the eastern Chinese city of Hangzhou by June 2023, according to Read more…
Weather records have been falling across Europe at a disconcerting rate in the last few days, say meteorologists. The warmest January day ever was recorded in at least eight European countries including Poland, Denmark, the Czech Republic, the Netherlands, Belarus, Lithuania and Latvia, according to data collated by Maximiliano Herrera, Read more…
For much of the global economy, 2023 is going to be a tough year as the main engines of global growth — the US, Europe and China — all experience weakening activity, the head of the International Monetary Fund has warned. The new year is going to be “tougher than Read more…
