Switch Seeks $2 Billion Funding at Nearly $50 Billion Valuation Ahead of Potential IPO 
BHP Workers Approve New Labour Agreement at WA Iron Ore Operations 
Tesla Q2 Deliveries Lift Chinese Auto Suppliers as EV Demand Improves 
Texas Man Charged After Fatal Tesla Full Self-Driving Crash in Katy 
TetherMax Rebranding Highlights Official Exchange Partnerships as Foundation of Trust 
Super Micro Employees Detained in Taiwan AI Server Export Investigation 
Kuaishou Stock Jumps as Kling AI Secures $2 Billion Funding Round 
Meta Stock Jumps as AI Cloud Expansion Challenges AWS, Microsoft, and Google 
Trump Reports $1.4 Billion in Crypto Income as Digital Assets Become Top Wealth Source 
Apple Expands iPhone Lineup, Boosts Foldable iPhone Production Plans Through 2027 
OpenAI Proposes 5% U.S. Government Stake Amid AI Policy Talks 
Samsung to Invest $90 Billion in South Korea to Expand AI Chip, Display, and Battery Production 
Chinese Copper Foil Maker Londian Files U.S. IPO as EV Battery Demand Grows 
Apple Eyes Chinese Memory Chips as AI Shortage Pressures iPhone Supply Chain 
Trump Administration to Launch Voluntary AI Standards for Frontier Models 
EU Chip Industry Faces Growing Risks From China Export Controls and U.S. Technology Dependence: Report 
Asiana Airlines Inc. has grounded all of its Boeing 777 passenger jets and Korean Air Lines Co. is expected to do the same following a recent engine failure incident in the US.
The Honolulu-bound United Airlines B777-200 plane suffered an engine failure after taking off, resulting in parts of the plane being scattered in Denver.
The United Airlines plane landed safely without any injuries on the plane or the ground.
Boeing Co. recommended that its clients from South Korea, the US, and Japan ground its 777 jets equipped with the Pratt & Whitney PW4000 engine.
Korean Air operates six out of 16 B777 jets with the Pratt & Whitney PW4000 engine on routes to Southeast Asia and Japan. It is expected to ground the jets.
A Korean Air spokeswoman said they are consulting with Boeing and the transport ministry on the planes' grounding although there is yet no recommendation from the authorities.
Meanwhile, Asiana has voluntarily grounded nine B777 jets mated with the aforementioned engine since Monday afternoon.
Korean Air's budget carrier unit Jin Air Co., which operates four B777 planes, is awaiting a recommendation from the ministry.
The US National Transportation Safety Board (NTSB) has begun investigating the accident and is focusing on the engine failure's cause.
