US Electric Vehicle Buyers Score Big: $1 Billion Saved Thanks to New Tax Credits It was found that electric vehicle buyers in the US have saved more than $1 billion through the Inflation Reduction Act (IRA) this year.
Fisker Faces Recall Crisis: 18,000+ Electric Vehicles Across North America and Europe Pulled for Safety Fixes Fisker recalled more than 18,000 vehicles across North America and Europe, citing software defects and non-compliance with safety standards.
FedEx to Eliminate Up to 2,000 Jobs in Europe FedEx is reducing its workforce due to a lower cargo demand in Europe. On the 12th, FedEx announced plans to cut between 1,700 and 2,000 back-office jobs in Europe as part of its recent cost-cutting efforts due to a decline in cargo demand. According to the statement, the reduction will take place over 18 months. […]
Boeing to Open High-Tech Engineering Facility in Daytona Beach, Hiring 200 Engineers Boeing announced on the 11th its plans to open a new engineering facility in Florida dedicated to the defense and government services sector.
Interest Rates Hold Firm as Fed Evaluates Economic Growth The U.S. has once again frozen its benchmark interest rate. The U.S. Federal Reserve (Fed) announced on the 12th (local time) that it unanimously decided to maintain the benchmark interest rate at its current level following the regular meeting of the Federal Open Market Committee (FOMC). The Fed, which had aggressively raised interest rates until […]
Fed Holds Steady on Rates, Oil Traders Bet on Future Cuts International oil prices rose for the third consecutive day on the 12th (local time) as U.S. inflation appeared to ease, supporting expectations for an interest rate deduction. On the same day, West Texas Intermediate (WTI) crude for July closed at $78.50 per barrel on the New York Mercantile Exchange (NYMEX), up $0.60 (0.77%) from the […]
Brazilian Phone Users to Get First Dibs on Google's AI Anti-Theft Feature On the 11th, Google announced that Brazil will be the first country to test the anti-theft feature for Android phones.
Denmark Recalls Korean Noodles Over Health Concerns Some of the Buldak Bokkeum Myeon (Hot Chicken Flavor Ramen) products manufactured by Samyang Foods were recalled in Denmark due to being too spicy. According to BBC and Time magazine on the 13th, the Danish Food and Drug Administration announced on the 11th that they would recall Samyang Foods Nuclear Buldak Bokkeum Myeon 3 times […]
Apple's Fall Surprise: AirPods Set for Major User Experience Upgrade Apple said this software update will transform users' interactions with Siri and improve call and gaming audio quality.
Tesla Teams Up with China's Baidu for Full Self-Driving Upgrade Tesla has taken one step closer to launching its FSD service in China by agreeing to receive upgraded map software from Baidu.
Could New U.S. Restrictions Cripple China's Tech Ambitions? The Biden administration is expected to impose further restrictions on China’s AI chip development. Bloomberg quoted an industry insider and reported on the 11th (local time) that the Biden administration is considering additional restrictions on access to chip technology used in China’s AI. According to the source, the measures under discussion aim to limit China’s […]
Anticipating NVIDIA's Next Big Leap: The $5 Trillion Market Cap It has been predicted that NVIDIA’s market capitalization will surpass $5 trillion next year. The success of the soon-to-be-launched artificial intelligence (AI) chip platform, Blackwell, is expected to be a significant turning point. Louis Navellier, Chief Investment Officer (CIO) of Navellier & Associates, predicted on the 11th (local time) that NVIDIA’s market capitalization will exceed […]
Volvo FH16 Introduces All-New D17 Engine Technology: More Power, Less Fuel Volvo Trucks has unveiled the new Volvo FH16 model, which boasts excellent fuel efficiency and is equipped with the all-new Volvo D17 engine.
U.S. Lawmakers Demand Sanctions on Chinese Battery Giants Over Forced Labor Claims The Wall Street Journal reported that Republican lawmakers in the U.S. have called for immediate sanctions against Chinese battery manufacturers CATL and Gotion Hi-Tech over allegations of forced labor. In response, CATL dismissed these accusations as unfounded and completely false, stating that information about some of their suppliers is inaccurate and misleading. CATL clarified, “Business […]
UAE Backs US Restrictions on Semiconductors Exports To China The United Arab Emirates has supported the U.S.'s export restrictions on large-scale AI accelerators to Middle Eastern countries.
Musk Raises Red Flags Over Apple and OpenAI Collaboration When Apple unveiled a new artificial intelligence feature called Apple Intelligence at the Worldwide Developers Conference (WWDC) 2024, Elon Musk expressed security concerns about it. Musk wrote a post on X, warning, “If Apple integrates OpenAI at the operating system level, my companies will ban Apple devices,” calling it an “unacceptable security violation.” Apple’s AI […]
Elon Musk Backtracks, Requests Court to Dismiss OpenAI Lawsuit Elon Musk, the CEO of Tesla, has made a surprising move by requesting to dismiss his impending lawsuit against OpenAI.
China's Rare Earth Monopoly Under Threat: Greenland's Minerals to the Rescue? The world's largest rare earth deposit in Greenland has been sold to Critical Metals, a Special Purpose Acquisition Company (SPAC).
Trump's Tariff Threat: What It Means for Korea's Auto Exports Predictions have surfaced that the U.S. could impose additional tariffs on Korean-made vehicles if Trump were reelected.
Apple vs. Tesla: Musk Outraged Over ChatGPT in iOS Systems Elon Musk, CEO of Tesla, has criticized Apple for its plans to integrate ChatGPT into its products. On June 10, Elon Musk made a post on X, saying, “If Apple integrates OpenAI at the OS level, Apple products will be banned in my companies,” adding, “This is an unacceptable security breach.” He also noted, “Visitors […]
US Electric Vehicle Buyers Score Big: $1 Billion Saved Thanks to New Tax Credits It was found that electric vehicle buyers in the US have saved more than $1 billion through the Inflation Reduction Act (IRA) this year.
Fisker Faces Recall Crisis: 18,000+ Electric Vehicles Across North America and Europe Pulled for Safety Fixes Fisker recalled more than 18,000 vehicles across North America and Europe, citing software defects and non-compliance with safety standards.
FedEx to Eliminate Up to 2,000 Jobs in Europe FedEx is reducing its workforce due to a lower cargo demand in Europe. On the 12th, FedEx announced plans to cut between 1,700 and 2,000 back-office jobs in Europe as part of its recent cost-cutting efforts due to a decline in cargo demand. According to the statement, the reduction will take place over 18 months. […]
Boeing to Open High-Tech Engineering Facility in Daytona Beach, Hiring 200 Engineers Boeing announced on the 11th its plans to open a new engineering facility in Florida dedicated to the defense and government services sector.
Interest Rates Hold Firm as Fed Evaluates Economic Growth The U.S. has once again frozen its benchmark interest rate. The U.S. Federal Reserve (Fed) announced on the 12th (local time) that it unanimously decided to maintain the benchmark interest rate at its current level following the regular meeting of the Federal Open Market Committee (FOMC). The Fed, which had aggressively raised interest rates until […]
Fed Holds Steady on Rates, Oil Traders Bet on Future Cuts International oil prices rose for the third consecutive day on the 12th (local time) as U.S. inflation appeared to ease, supporting expectations for an interest rate deduction. On the same day, West Texas Intermediate (WTI) crude for July closed at $78.50 per barrel on the New York Mercantile Exchange (NYMEX), up $0.60 (0.77%) from the […]
Brazilian Phone Users to Get First Dibs on Google's AI Anti-Theft Feature On the 11th, Google announced that Brazil will be the first country to test the anti-theft feature for Android phones.
Denmark Recalls Korean Noodles Over Health Concerns Some of the Buldak Bokkeum Myeon (Hot Chicken Flavor Ramen) products manufactured by Samyang Foods were recalled in Denmark due to being too spicy. According to BBC and Time magazine on the 13th, the Danish Food and Drug Administration announced on the 11th that they would recall Samyang Foods Nuclear Buldak Bokkeum Myeon 3 times […]
Apple's Fall Surprise: AirPods Set for Major User Experience Upgrade Apple said this software update will transform users' interactions with Siri and improve call and gaming audio quality.
Tesla Teams Up with China's Baidu for Full Self-Driving Upgrade Tesla has taken one step closer to launching its FSD service in China by agreeing to receive upgraded map software from Baidu.
Could New U.S. Restrictions Cripple China's Tech Ambitions? The Biden administration is expected to impose further restrictions on China’s AI chip development. Bloomberg quoted an industry insider and reported on the 11th (local time) that the Biden administration is considering additional restrictions on access to chip technology used in China’s AI. According to the source, the measures under discussion aim to limit China’s […]
Anticipating NVIDIA's Next Big Leap: The $5 Trillion Market Cap It has been predicted that NVIDIA’s market capitalization will surpass $5 trillion next year. The success of the soon-to-be-launched artificial intelligence (AI) chip platform, Blackwell, is expected to be a significant turning point. Louis Navellier, Chief Investment Officer (CIO) of Navellier & Associates, predicted on the 11th (local time) that NVIDIA’s market capitalization will exceed […]
Volvo FH16 Introduces All-New D17 Engine Technology: More Power, Less Fuel Volvo Trucks has unveiled the new Volvo FH16 model, which boasts excellent fuel efficiency and is equipped with the all-new Volvo D17 engine.
U.S. Lawmakers Demand Sanctions on Chinese Battery Giants Over Forced Labor Claims The Wall Street Journal reported that Republican lawmakers in the U.S. have called for immediate sanctions against Chinese battery manufacturers CATL and Gotion Hi-Tech over allegations of forced labor. In response, CATL dismissed these accusations as unfounded and completely false, stating that information about some of their suppliers is inaccurate and misleading. CATL clarified, “Business […]
UAE Backs US Restrictions on Semiconductors Exports To China The United Arab Emirates has supported the U.S.'s export restrictions on large-scale AI accelerators to Middle Eastern countries.
Musk Raises Red Flags Over Apple and OpenAI Collaboration When Apple unveiled a new artificial intelligence feature called Apple Intelligence at the Worldwide Developers Conference (WWDC) 2024, Elon Musk expressed security concerns about it. Musk wrote a post on X, warning, “If Apple integrates OpenAI at the operating system level, my companies will ban Apple devices,” calling it an “unacceptable security violation.” Apple’s AI […]
Elon Musk Backtracks, Requests Court to Dismiss OpenAI Lawsuit Elon Musk, the CEO of Tesla, has made a surprising move by requesting to dismiss his impending lawsuit against OpenAI.
China's Rare Earth Monopoly Under Threat: Greenland's Minerals to the Rescue? The world's largest rare earth deposit in Greenland has been sold to Critical Metals, a Special Purpose Acquisition Company (SPAC).
Trump's Tariff Threat: What It Means for Korea's Auto Exports Predictions have surfaced that the U.S. could impose additional tariffs on Korean-made vehicles if Trump were reelected.
Apple vs. Tesla: Musk Outraged Over ChatGPT in iOS Systems Elon Musk, CEO of Tesla, has criticized Apple for its plans to integrate ChatGPT into its products. On June 10, Elon Musk made a post on X, saying, “If Apple integrates OpenAI at the OS level, Apple products will be banned in my companies,” adding, “This is an unacceptable security breach.” He also noted, “Visitors […]
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