SK On Expands EV Battery Line to Include Prismatic Batteries
South Korean electric vehicle (EV) battery manufacturer SK On is expanding its product range to…
SK On Expands EV Battery Line to Include Prismatic Batteries
South Korean electric vehicle (EV) battery manufacturer SK On is expanding its product range to include prismatic batteries. This strategic move comes as the company seeks to diversify its offerings and stabilize its business in the face of a slowdown in global EV demand. SK On’s Current Position and Plans SK On, a subsidiary of…
VinFast Delays Factory Launch and Reduces Delivery Forecast Amid Global EV Market Challenges
Vietnamese electric vehicle (EV) manufacturer VinFast has announced a delay in the launch of its planned $4 billion factory in North Carolina to 2028. This postponement, originally scheduled for 2025, accompanies a reduction in the company’s delivery forecast for the year by 20,000 units. These adjustments come amidst the evolving and uncertain global EV market…
AT&T Data Breach Exposes Millions of Customer Call and Text Records
In April 2024, AT&T suffered a significant data breach, affecting approximately 109 million customer accounts. The breach involved the unauthorized download of call and text records from 2022, making it one of the largest hacks to impact a broad range of Americans. The FBI is investigating the incident, and at least one individual has been…
Robinhood Markets Announces First-Ever $1 Billion Share Buyback
Robinhood Markets, known for its popular trading app, has taken a significant step toward maturity by launching its first-ever share buyback plan. The company has announced that it will repurchase $1 billion worth of its stocks, signaling its transition beyond the startup phase. This move comes as Robinhood continues to expand its offerings and cater…
Tencent’s New Mobile Game Takes China by Storm
Tencent Holdings, one of China’s leading internet companies, has achieved remarkable success with its newly launched mobile game, “Dungeon and Fighter: Origin.” This game has quickly become the top-selling app on Apple’s App Store in China, surpassing Tencent’s long-standing popular games. Developed by South Korea’s Nexon and published by Tencent, “Dungeon and Fighter: Origin” has…
Czech President Petr Pavel Released from Hospital After Motorbike Accident
The President of the Czech Republic, Petr Pavel, experienced a minor injury following a motorbike accident. He was released from the hospital shortly thereafter, as confirmed by his office. Despite this incident, President Pavel’s schedule for the upcoming week remains unchanged, including a planned foreign trip and participation in NATO meetings. Incident Details Motorbike Accident…
Itochu and Google Partner for Renewable Energy in Japan
In a significant stride towards sustainable energy, Itochu Corporation has formed a partnership with Google to bolster the tech giant’s renewable energy initiatives in Japan. This collaboration underscores the growing emphasis on green energy solutions to power advanced technologies and data centers. Itochu and Google’s Renewable Energy Agreement A Strategic Partnership On Friday, Itochu Corporation,…
Airbus Innovates with Electric Truck for Safer Airport Taxiing
Airbus has unveiled a unique research vehicle at VivaTech, Europe’s premier technology event, to demonstrate its potential for enhancing airport safety. This innovative truck, equipped with the same basic controls as an Airbus A350 airliner, aims to showcase how automated taxiing can reduce the risk of collisions on busy airport tarmacs. With growing concerns over…
Nvidia’s AI Chip Struggles in China Amid Sanctions and Competition
Nvidia’s latest AI chip for the Chinese market, the H20, is facing significant challenges. Despite being designed to meet U.S. export restrictions, the chip’s reception has been lukewarm, with an oversupply driving prices down below those of its primary competitor, Huawei. This situation highlights the broader difficulties Nvidia encounters in maintaining its foothold in China…
Global Equity Funds Experience Strong Inflows Amid U.S. Rate Cut Anticipation
Global equity funds saw a significant increase in inflows during the week ending May 22. This surge is largely attributed to investor optimism regarding slowing inflation and the possibility of interest rate cuts by the U.S. Federal Reserve later in the year. The week’s inflows were detailed by Lipper data, showing a notable rise from…
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