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BUSINESS

  • Volkswagen Data Breach Exposes 800,000 EV Owners’ Personal Info for Months Volkswagen's Cariad software unit faced a major data leak, exposing personal data of 800,000 electric vehicle owners for months.
  • Bitcoin Surges 120% in 2024, But Faces First Decline in Months After December’s Record Rally Bitcoin surged 120% in 2024 but faced a decline after hitting $108,315, influenced by profit-taking and interest rate expectations.
  • Alibaba Sells $1.6 Billion Stake in Sun Art Retail Group as It Shifts Focus Alibaba sells its 78.7% stake in Sun Art Retail for $1.6 billion, focusing on core e-commerce amid rising competition.
  • Electric Vehicle Battery Prices Fall Below $100/kWh for the First Time in History EV battery prices drop below $100/kWh for the first time, driven by improved technology and low raw material costs, impacting vehicle prices.
  • NVIDIA's $1 Billion Bet on AI: Major Investments in Startups and Acquisitions NVIDIA invested over $1 billion in AI startups in 2024, significantly increasing its influence in the tech industry amid competition concerns.
  • Elon Musk Discusses Potential Tesla Factory in South Africa Amid Starlink Expansion Talks Tesla CEO Elon Musk and South African President Cyril Ramaphosa discussed a Tesla factory and Starlink service.
  • ECB Targets 2% Inflation as Lagarde Plans Key Changes for 2025 ECB President Lagarde reports progress on 2% inflation target, emphasizing 2025 as crucial for monetary policy and digital euro development.
  • CitiGroup Exits Net-Zero Banking Alliance, Joins Growing List of U.S. Banks Scaling Back Climate Commitments CitiGroup exits the Net Zero Banking Alliance, joining other major banks in scaling back climate initiatives amid political pressures.
  • UAE’s Mubadala Investment Fund Emerges as Powerhouse, Outpacing Global Growth Mubadala Investment became the world's most dynamic sovereign wealth fund in 2024, investing $29.2 billion, up 67%.
  • Zuckerberg's Meta Stock Sales: $1.39 Million in December Amid Record-Breaking Year Mark Zuckerberg sold $1.39 million in Meta stock recently, following a trend of significant sales amid the company's strong performance.
  • Tesla Faces Tough Q4 2024 as Analysts Predict Delivery Miss Analysts predict Tesla will miss its Q4 2024 and full-year targets, struggling to hit 515,000 deliveries. Here's why...
  • New Research Lets Robots Perform Surgery with the Skill of a Human Surgeon Researchers have developed a method for robots to mimic human surgical techniques, enhancing precision and adaptability in surgeries.
  • Kia’s New Sonet Surpasses 100,000 Sales in India, Riding High on Customer Satisfaction Kia's new Sonet SUV surpasses 100,000 sales in India within 11 months, praised for quality, features, and competitive pricing.
  • Honda and Nissan Merger: Will It Create a Giant or Face Stumbling Blocks? Concerns grow over the Honda-Nissan merger, with doubts about synergies, competitiveness, and adapting to the 21st-century auto industry.
  • November’s Top-Earning Apps: Vita Mahjong Leads with $4M in Programmatic Ads Vita Mahjong topped U.S. app revenue in November, earning $4M from programmatic advertising, followed by other popular apps.
  • ByteDance Plans to Invest $7B in NVIDIA Chips Despite U.S. Export Restrictions ByteDance continues to invest in NVIDIA AI chips, planning to spend $7 billion by 2025, despite U.S. export restrictions.
  • China’s AgiBot Releases Massive AI Dataset to Train Humanoid Robots AgiBot reveals an AI-powered dataset for humanoid robots, enabling them to perform human tasks and collaborate with humans and other robots.
  • China Maintains Crypto Ban, Hong Kong Offers New Opportunities for Crypto Firms China's central bank emphasizes strict cryptocurrency regulations while Hong Kong adopts a more favorable approach with new licensing.
  • Tesla Offers Lifetime Free Supercharging for Cybertruck Foundation Series Buyers Tesla offers lifetime free Supercharger charging for its limited-edition Cybertruck Foundation Series, with specific ownership terms.
  • U.S. Natural Gas Futures Surge 16%, Hitting Two-Year High U.S. natural gas futures soared due to colder weather forecasts, with February delivery prices reaching a two-year high amid rising demand.
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