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Tesla: American senators pressing FTC to investigate EV carmaker over alleged misleading self-driving claims

Aug 19, 2021 06:36 am UTC| Business Economy

Tesla should be investigated by the U.S. Federal Trade Commission now. At least two senators said on Wednesday, Aug. 18, that Elon Musks company may have misled buyers with the companys automated driving system...

S. Korean unicorn Karrot records $2.7 billion valuation

Aug 18, 2021 23:37 pm UTC| Economy Business

Danggeun Market Inc.s buying and selling app Karrot has raised $162 million from investors including DST Global, to record a $2.7 billion valuation and makes it one of the largest startups in South Korea. Karrot is...

Global crypto adoption among retail investors surge 881%, mostly from Vietnam, India, Pakistan, Ukraine

Aug 18, 2021 23:37 pm UTC| Digital Currency Economy

Global cryptocurrency adoption among ordinary investors surged 881 percent in the past year, with most coming from Vietnam, India, Pakistan, and Ukraine, according to crypto-analysis firm Chainalysis. Chainalysis, which...

S. Korean steelmakers POSCO, Hyundai negotiating higher prices with local shipbuilders

Aug 18, 2021 23:35 pm UTC| Economy Business

South Korean steelmakers POSCO and Hyundai Steel Co.are in the final stage of negotiations with shipbuilders over higher prices of thick steel plates. POSCO, South Koreas largest steelmaker, has reportedly proposed a...

Daewoo Shipbuilding swings to net loss of 1.25 trillion won in H1 due to increased costs, allowances

Aug 18, 2021 23:26 pm UTC| Economy Business

Daewoo Shipbuilding Marine Engineering Co. swung to a net loss of 1.25 trillion won in the first half due to increased costs and allowances after posting a net profit of 294 billion won a year ago. Sales dropped 45...

KT collaborates with KAIST to develop a hyperscale AI model

Aug 18, 2021 23:12 pm UTC| Economy Technology

South Korean telecom operator KT Corp has joined hands with KAIST, the countrys top science university to develop a hyperscale artificial intelligence (AI) language model. KT Corp plans to commercialize the model in the...

Samsung Heavy to sell shares in raising 1.23 trillion won for paying debts

Aug 18, 2021 23:12 pm UTC| Economy Business

Samsung Heavy Industries Co. will sell stocks to raise 1.23 trillion won to improve its financial health and develop eco-friendly shipbuilding technologies. The shipbuilder will issue 250 million common shares each...

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Economy

India's Central Bank Holds Rates Amid Iran War Energy Shock

Indias Reserve Bank of India (RBI) is widely expected to maintain its benchmark repo rate at 5.25% this Wednesday, as policymakers carefully monitor the economic ripple effects of the ongoing Iran war. The conflict has...

Oil Crisis Escalates: Trump Threatens Iran as Strait of Hormuz Closure Pushes Prices Above $110

Oil prices briefly surged past $110 per barrel on Monday after President Donald Trump escalated military and diplomatic pressure on Iran, demanding the reopening of the Strait of Hormuz by Tuesday evening or face strikes...

Asian Currencies Waver as Dollar Holds Firm Amid Middle East Tensions

Asian currencies struggled to find clear direction on Monday as the US dollar remained resilient, with investors carefully weighing escalating geopolitical risks in the Middle East against emerging ceasefire diplomacy. The...

Bank of Japan Warns of Regional Economic Risks Amid Middle East Conflict and Rising Oil Prices

The Bank of Japan has raised concerns about the potential deterioration of regional economies, citing escalating oil prices and supply chain disruptions linked to ongoing conflict in the Middle East. In its latest...

India's Services Sector Growth Slows to 14-Month Low in March Amid Rising Costs

Indias services sector expanded at its slowest pace in 14 months during March, as the ongoing Middle East conflict weighed on domestic demand and cost pressures intensified sharply, according to the latest HSBC India...

Politics

Indonesia Files Genocide Case Against Myanmar's Min Aung Hlaing Over Rohingya Crisis

A coalition of civil society organizations filed a landmark criminal complaint in Indonesia on Monday against Myanmars newly elected President Min Aung Hlaing, accusing him of committing genocide against the Rohingya...

Ukrainian Drone Strikes Hit Novorossiysk, Injuring Eight and Cutting Power Across Russia

At least eight people, including two children, were injured Monday after Ukrainian drones struck Novorossiysk, a major Russian Black Sea port city. Local authorities confirmed that several residential buildings sustained...

Trump Endorses Steve Hilton for California Governor

Donald Trump has thrown his full support behind Steve Hilton, a Fox News host and former British government official, in Californias upcoming gubernatorial race. Announcing his endorsement on Truth Social, Trump expressed...

Iran-US Ceasefire Talks: Pakistan Brokers "Islamabad Accord" to Reopen Strait of Hormuz

Pakistan is playing a central role in high-stakes diplomatic efforts to end hostilities between Iran and the United States, with a proposed peace framework now on the table that could reopen the critical Strait of Hormuz...

Kim Jong Un's Daughter Emerges as North Korea's Likely Successor, South Korean Intelligence Says

South Koreas National Intelligence Service (NIS) has concluded that Kim Jong Uns teenage daughter, believed to be around 13 years old and named Ju Ae, is being actively positioned as the next leader of North Korea. Unlike...

Science

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

Technology

Britain Courts Anthropic Amid US Defense Department Dispute

The United Kingdom is actively working to attract Anthropic, the company behind the popular Claude AI app, to expand its footprint in the country. This diplomatic push comes as Anthropic finds itself in the middle of a...

OpenAI Executive Shake-Up Ahead of Anticipated 2026 IPO

OpenAI is navigating a significant leadership restructuring at one of the most pivotal moments in its history. The AI powerhouse confirmed that Chief Operating Officer Brad Lightcap is transitioning into a newly created...

Elon Musk Ties SpaceX IPO Access to Mandatory Grok AI Subscriptions

Elon Musk is reportedly making Grok subscriptions a prerequisite for banks and advisers involved in SpaceXs highly anticipated initial public offering. According to the New York Times, citing insiders familiar with the...

MATCH Act Targets ASML and Chinese Chipmakers in New U.S. Export Crackdown

A bipartisan group of U.S. lawmakers has unveiled the MATCH Act, a landmark piece of draft legislation designed to tighten export restrictions on advanced semiconductor manufacturing equipment destined for China. The...

Microsoft's $10 Billion Japan Investment: AI Infrastructure and Data Sovereignty Push

Microsoft is set to pour approximately $10 billion into Japan between now and 2029, channeling funds into data center expansion and artificial intelligence infrastructure to meet the countrys growing demand for data...