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BUSINESS

  • Gulf Oil at Risk? Gulf Countries Ask U.S. to Intervene in Israel-Iran Conflict Gulf nations urged the U.S. to prevent Israel from attacking Iranian oil facilities, fearing escalation could threaten their own.
  • Apple TV+ Joins Amazon Prime Video: Streamlined Access for U.S. Viewers Amazon will add Apple TV+ to Prime Video by month's end, allowing users to subscribe directly for $9.99 monthly.
  • AMD Chooses TSMC for AI Chips: No Other Suppliers in the Mix AMD CEO Lisa Su clarified that the company has no plans to outsource AI chip production to any firms other than Taiwan's TSMC.
  • Bill Gates Funds Next-Gen Wind Power That Could Slash Costs by 25% Bill Gates invests in wind power startup Airloom Energy, which raised $13.75 million to develop innovative vertical blade technology.
  • Tesla Hits Record 249K Deliveries in China Amid EV Subsidy Surge At a rally in Pennsylvania, Trump and Musk celebrated Tesla's record deliveries in China while excitement grows for the robotaxi reveal.
  • Instagram is the Most-Used Social App Among U.S. Teens, But TikTok Is Still Their Favorite Instagram is the top app among American teens, with 87% monthly usage, followed by TikTok at 79% and Snapchat at 71%.
  • Is Your Honda on the List? 1.7 Million Cars Recalled for Safety Risks! Honda is recalling 1.7 million vehicles in the U.S. due to a manufacturing defect that affects steering safety.
  • TikTok Makes Changes to User Registration and Data Transparency TikTok revamps user registration, enhancing transparency on data collection amid privacy investigations by South Korean authorities.
  • China’s BYD and Tesla Battle for EV Supremacy as Global Sales Hit 10 Million By August this year, the global number of registered EVs has approached 10 million, marking a 20% increase compared to last year.
  • 2025 Green Car of the Year Goes to Toyota Camry Hybrid for Performance and Design The Toyota Camry has been awarded the Green Car of the Year for 2025, recognized for its design, performance, and technology.
  • $2.1 Trillion Needed by 2050 to Meet Raw Material Demand By 2050, the mining industry will need $2.1 trillion to meet the rising demand for minerals crucial for a low-carbon economy.
  • Tesla CIO Nagesh Saldi Steps Down Just Before Robotaxi Reveal Tesla's Chief Information Officer (CIO), Nagesh Saldi, is set to leave the company, according to a report by Bloomberg on Thursday.
  • Court Rules in Favor of Musk: Tesla Shareholders’ Lawsuit Tossed Out Tesla shareholders' lawsuit against Elon Musk dismissed by court, citing lack of evidence for damages from his statements.
  • Russia and Uzbekistan Set to Finalize Major Nuclear Plant Project Uzbekistan and Russia are expected to finalize negotiations for a nuclear power plant construction project.
  • Buffett Goes All-In on Japan with New Samurai Bond Issuance Warren Buffett leads Berkshire Hathaway in a second Samurai bond issuance, emphasizing a strategic focus on Japan's market.
  • $5 Billion Fallout Expected as U.S. Dockworkers Launch Historic Port Strike Dockworkers' strike threatens U.S. ports, significantly risking $5 billion economic fallout and disrupting global supply chains.
  • Hidden War: How China Influences Korea’s Electric Vehicle Market Online China influences public opinion against Korean products through organized online commentary, employing tactics to incite discord.
  • Middle East-North Africa Strengthens Its Position with 7.5% of Global Crypto Trades MENA region has played a significant role in the crypto market. From July 2023 to June 2024, it represented 7.5% of total trading volume.
  • THIS Airline Takes #1 in Business and First Class at 2024 10Best Awards Korean Air won Best Airline in Business and First Class at the 2024 10Best Readers' Choice Awards organized by USA Today every year.
  • Goldman Sachs Sees Bright Future for Tesla, Suggests Buying Stock Options Goldman Sachs has advised investors to buy call options for Tesla, citing a series of potential key developments.
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