Mary Daly Says AI Uncertainty Clouds Fed Rate Outlook Despite Restrictive Policy 
Texas Man Charged After Fatal Tesla Full Self-Driving Crash in Katy 
South32 Sells Major Aluminium Assets to Alcoa in Deal Worth Up to $5.6 Billion 
Trump Administration to Launch Voluntary AI Standards for Frontier Models 
Samsung to Invest $90 Billion in South Korea to Expand AI Chip, Display, and Battery Production 
Oil Prices Steady as U.S.-Iran Talks Ease Supply Fears Ahead of Holiday Weekend 
Wall Street Ends Mixed as Weak Jobs Data Lowers Fed Rate Hike Bets, Chip Stocks Tumble 
US Jobs Report Preview: June Payroll Growth Seen Slowing as Fed Rate Decision Looms 
Chip Stocks Rally as Samsung and SK Hynix’s $1.3 Trillion Investment Plan Boosts AI Optimism 
South Korea Alleges Google Abused Android App Store Dominance, Eyes Major Fine 
New Zealand Consumer Confidence Rises in June as Inflation Expectations Ease 
EU Chip Industry Faces Growing Risks From China Export Controls and U.S. Technology Dependence: Report 
Apple Eyes Chinese Memory Chips as AI Shortage Pressures iPhone Supply Chain 
Nike Q4 Earnings Beat Estimates as Wholesale Growth Offsets Direct Sales Weakness 
Asian Currencies Stay Under Pressure as Dollar Holds Near 13-Month High Ahead of U.S. Jobs Report 
Asian Stocks Slide as Chip Shares Tumble Ahead of Key U.S. Jobs Report 
Australia Trade Balance Swings to Surprise Deficit as Imports Outpace Exports in May 
Elon Musk has launched satellites to space to be able to provide faster internet and offer the service even to remote areas. The billionaire that also owns Tesla Inc. and SpaceX already brought its Starlink Internet service to some countries, and operations have been smooth sailing so far.
Now, the Starlink Internet service is also preparing to launch in India, and based on the reports, applications for subscriptions have already begun. After learning about this, the local government proceeded to issue a caution notice for its citizens.
As per Reuters, the Indian government issued a statement late last week and told its people to stop subscribing to Elon Musk’s Starlink Internet service. The officials’ reason was simple - the satellite internet provider is not yet registered in the country. This means that it still has to secure a license to operate.
It is noticed that M/s #Starlink (https://t.co/xscnDS4Cnn) has started pre-selling/booking of #satellite based #Internet Services in India without any #license/authorization.
— DoT India (@DoT_India) November 26, 2021
Public is advised not to subscribe to Starlink services being advertised. #GatiShakti #spacex @SpaceX
After leaving the advice for the public, India also called out Starlink, and it has been told to abide by the country’s regulations. The government asked the immediately refrain from booking internet services in the region.
“Accordingly, the Government of India has asked the company to comply with Indian regulatory framework for rendering the satellite based communication services and refrain from booking/rendering the satellite internet services in India with immediate effect,” DoT India tweeted.
In its response to the call, Starlink told Reuters via email that it has no comment for now. It was learned that the internet service provider registered its business in the country on Nov. 1, and as soon as this was done, the company started advertising its offering, and the pre-selling of its service has also begun.
Officials said this is not right because while it has registered the business, the government has not issued a license to operate yet. The Department of Telecommunications has now asked Starlink to halt its pre-selling orders until it receives approval from the DoT.
Meanwhile, it was reported that Starlink already gathered more than 5,000 sign-ups in its pre-selling orders in India. It is unknown if the registrations will be canceled, or they just need to wait until the internet service gets its license.
