Discover the history of drones, from the 1849 Austrian balloon bombs and the 1917 Aerial Target to the 1935 Queen Bee target aircraft.

‘Drones are older than you think’: When was the first drone invented?

A massive surge in AI demand is forcing manufacturers to produce high bandwidth memory, creating a severe shortage of standard DRAM. Consequently, consumer memory costs will climb even higher throughout the 2027 report.

Will RAM prices go down in 2027?

Harry and Meghan are coming home six years after leaving the UK to build a new life in the US. But beyond building that life, the couple gave explosive interviews and wrote a book that shook the monarchy to its core.

From racism to suicide: Harry & Meghan's bombshells that shook the monarchy - now they're home

From Virender Sehwag to Sachin Tendulkar, here's a look at the top five Indian batters fastest to 4000 Test runs. This list also includes Sunil Gavaskar, Rahul Dravid and Cheteshwar Pujara

Meet top 5 Indian batters fastest to 4000 Test runs

Prince Harry and Meghan Markle are reportedly packing up for Britain, bringing their children back years after stepping down as senior royals in 2020. With the Sussexes dominating headlines once again, here is a look back at their journey.

Prince Harry-Meghan Markle's return to UK: A complete timeline of Duke and Duchess' love story, royal life and Megxit

US Arm of China's Biggest Lender Hit by Ransomware Attack

Malware Disrupts Trade in US Treasury Market

The US arm of the Industrial and Commercial Bank of China (ICBC), which is China's biggest lender, was hit by a ransomware attack on Nov 9 which disrupted trades in the US Treasury market.


The US arm- ICBC Financial Services- said that it was investigating the attack and was making progress toward recovering from it. The Chinese foreign ministry said on Nov 10 that ICBC was striving to minimise the risk impact and losses after the attack.

Chinese foreign ministry ministry spokesperson Wang Wenbin said that business remained normal at ICBC's head office and other branches across the world.


Several ransomware experts and analysts said that an aggressive cybercrime gang named Lockbit was believed to be behind the hack. Lockbit's website on the Dark Web where it posts the names of its victims did not mention the Chinese lender. 

The ICBC said it successfully cleared trades executed on Nov 8 and repurchased agreements financing trades done on Nov 9. Curvature Securities, a repo at broker dealer, said the attack had a limited impact on the market. However, some market participants said trades going through ICBC were not settled due to the malware and affected market liquidity.  

Forbes List 2023: These are India's  Richest

Chairman and managing director of Reliance Industries, Mukesh Ambani is at the top spot in the ranking with a net worth of $92 billion.

2) Gautam Adani, founder and chairman of the Adani Group:


Adani slipped to the second position this year with a net worth of $68 billion.


3) Shiv Nadar, founder and chairman of HCL Technologies:


The software mogul this year climbed up two positions and grabbed the third spot with a net worth of $29.3 billion.

4) Savitri Jindal, Chairperson Emeritus of O  Jindal Group:


Jindal is at number four with net worth of $24 billion.

5) Radhakishan Damani, owner of DMart chain of supermarkets:  


Damani is at the fifth spot with a net worth of $23 billion.

6) Cyrus Poonawalla, Chairman of Serum Institute of India:


Poonawalla is at the sixth position with a net worth of $20.7 billion.

10 Weakest Currencies: 2023 Global Ranking

Let’s see which currencies 
in the world are the cheapest 
compared to Indian rupees, 
and can make you feel rich. 

1 INR = 508.53 IRR. Due to political unrest, the Iran-Iraq war, and the nuclear programme, the Iranian Rial is the least valuable.  

1 INR = 286.53 VND. Vietnam is trying to transition from centralised to a market economy but it is still an ongoing process. 

1 INR = 237.59 SLL. Severe poverty, scandals, corruption, and wars have put the economy in peril and caused SLL to decline. 

1 INR = 232.94 LAK. Lao value has gradually increased since its 1952 establishment. 

1 INR = 184.40 IDR. IDR’s depreciation is due to declining reserves, central bank issues, and commodity export reliance. 

1 INR = 145.06 UZS. Weak economy and decline in industrial output have affected the value of UZS. 

1 INR = 103.20 GNF. Widespread corruption and political unrest have weakened GNF year after year. 

1 INR = 87.21 PYG. Economic collapse, inflation, and corruption have left a negative imoact on PYG’s value. 

1 INR = 44.86 USH. Under Idi Amin, USH’s value dropped, however, the currency value has seen a recent slight recovery. 

1 INR = 15.73 IQD. Inflation, political unrest are said to have contributed to a low IQD exchange rate. 

Hyundai, KIA recall 92k vehicles in US. Here’s why 


Hyundai and Kia have recalled 92,000 new vehicles in the US due to fire risks. As many as 52,000 vehicles from Hyundai and 40,000 vehicles from Kia are covered under the recall.

The recall includes Hyundai 2023-2024 Palisade, 2023 Tucson, Sonata, Elantra, and Kona models and 2023-2024 Seltos and 2023 Kia Soul, Sportage vehicles.

Owners of the recalled cars of Hyundai and Kia have been urged to park them outside and away from residence till repairs. 

Reports of potentially related thermal events 

Kia said it has six reports of potentially related thermal events but no accidents or injuries while Hyundai cited four similar reports.

A rental vehicle for owners of recalled Hyundai cars

Hyundai has told dealers a rental vehicle should be provided to customers who do not feel safe operating their vehicle until a recall fix is available.

The vehicles have been recalled due to fire risks.

Top 10 companies that made to the list of Fortune 500

Walmart, an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores in the United States, held the top spot for the eleventh year in a row generating $611,289.

Tech giant Amazon.com grabbed the second position by generating revenue of $513,983.

Exxon Mobil pushed Apple to the number 4 spot by generating $413,680.

Apple remains the most profitable company on the list for the eighth time in the past nine years with $394,328.

UnitedHealth Group is the highest-ranked healthcare company on the list at No. 5 with $324,162.

CVS Health CEO Karen Lynch continues to make Fortune 500 history by becoming the highest-ranked company ever to be led by a female CEO with a revenue generation of $322,467, making a profit of $4,149.

American multinational conglomerate made a revenue of $302,089.

American multinational technology conglomerate grabbed the eighth position with a revenue generation of $282,836.

The American Health care company took the ninth spot with a revenue generation of $263,966.

American multinational energy corporation is in the tenth position with $246,252.

The Fortune Global 500 list is an annual ranking of the top 500 corporations worldwide measured on the basis of revenue generated.

Top 10 America’s Richest Self-Made Women

Diane Hendricks is the CEO of ABC Supply, one of America's major wholesale distributors of roofing, siding and windows. In 1982, Hendricks co-founded the company with her late husband, Ken, in Beloit, Wisconsin. She has presided over it since his death in 2007.

2. Judy Love And Family ($10.2 Billion)



In 1964, Judy Love and her husband Tom (d. March 2023) established the truck stop and convenience store chain Love's Travel Stops & Country Stores. She and her four children now own the firm. Since 2014, her sons Greg and Frank have served as co-CEOs.



In 1979, Judy Faulkner established Epic Systems in a Wisconsin basement. Faulkner, a computer programmer, is the CEO of the $4.6 billion (2022 revenues) corporation in which she controls a 47 per cent stake.

Lynda Resnick and her husband Stewart are worth billions from cultivating fruits and nuts, almonds and oranges in California's Central Valley, to grapefruits in South Texas. They co-founded and continue to co-own the Wonderful Company, one of America's largest farming businesses. They are worth an estimated $10.6 billion as a couple.

Thai Lee is the CEO of SHI International, a $14 billion (sales) IT company with 15,000 customers, including Boeing and AT&T. Lee was born in Bangkok and raised in South Korea before moving to the United States for high school.  

JB Hunt Transport Services was formed in 1969 by Johnelle Hunt and her husband Johnnie (d. 2006). They sold their home eight years ago to generate funds to establish a rice hull packing firm.



Utah-based Gail Miller is the proprietor of the Larry H. Miller Group, which includes holdings in real estate, healthcare, banking, and entertainment. She and her late husband Larry (d. 2009) grew a single Toyota dealership into the eighth-largest car dealer group in the United States before selling it to Asbury Automotive for $3.2 billion in 2021.

Marian Ilitch and her late husband, Mike, launched Little Caesars Pizza in 1959. Mrs I, as she is called, controls the pizza chain, which has annual systemwide sales of more than $4.5 billion.



Elizabeth Uihlein is the president of Uline, which supposedly is North America's largest distributor of shipping, packaging, and industrial supplies. Uline, headquartered in Pleasant Prairie, Wisconsin, generates an estimated $6.1 billion by selling over 40,000 goods to businesses across the US through its 800+ page catalogue.

Peggy Cherng is the co-founder and CEO of Panda Express, a $5.4 billion (estimated revenue) Chinese fast-food business with over 2,300 stores. She quit her engineering position in 1982 to assist her husband, Andrew Cherng, in opening Panda Express' first store in Los Angeles' second-biggest mall.

Industrial and Commercial Bank of China Limited (ICBC)

This bank in China has a total asset worth of $5.5 trillion as of 2023.

This bank in China has a total asset worth of $4.7 trillion as of 2023.

This bank in China has a total asset worth of $4.5 trillion as of 2023.

This bank in China has a total asset worth of $4.2 trillion as of 2023.

This bank in United States has a total asset worth of $3.3 trillion as of 2023.

This bank in France has a total asset worth of $2.9 trillion as of 2023.

This bank in China has a total asset worth of $2.69 trillion as of 2023.

This bank in United States has a total asset worth of $2.5 trillion as of 2023.

This bank in Japan has a total asset worth of $2.35 trillion as of 2023.

This bank in France has a total asset worth of $2.34 trillion as of 2023.


Top 10 Biggest Banks in the World

Business Economy, News on Business Economy, stories on Business Economy, articles on Business Economy, Business Economy stories at Wion, Business Economy news, Business Economy latest news

business economy

Photos

‘Drones are older than you think’: When was the first drone invented?

Will RAM prices go down in 2027?

From racism to suicide: Harry & Meghan's bombshells that shook the monarchy - now they're home

Meet top 5 Indian batters fastest to 4000 Test runs

Prince Harry-Meghan Markle's return to UK: A complete timeline of Duke and Duchess' love story, royal life and Megxit