ST. LOUIS : When night fell, a clerk at a bustling 24-hour MotoMart flipped a switch from behind the counter. Electromagnetic locks sealed the doorway. A window sign, now illuminated in red, warned “facial recognition technology in use” and directed customers to “look up at the camera.” On this recent […]
Business
SEOUL : South Korea’s Hyundai Motor Co plans to use an auto chip it has developed itself for one of its upcoming vehicles next year, the Seoul Economy Daily reported on Friday. Hyundai Motor, which together with affiliate Kia Corp is among the world’s top 10 biggest automakers by sales, […]
PARIS: Former French prime minister Francois Fillon, who is appealing a five-year jail sentence for embezzling public funds, is under investigation again by financial prosecutors over payments to an assistant, his lawyer said today. Lawyer Antonin Levy accused the National Financial Prosecutor’s (PNF) office of a witch hunt and said […]
TOKYO : Japan’s trade ministry is ready to back Western Digital’s bid to merge with memory chipmaker Kioxia provided control of cutting edge technology stays in Japan, two sources with knowledge of the industry regulator’s internal discussions said. The tie-up could give Japan greater leverage in geopolitical rivalries increasingly dominated […]
Facebook has told that it took part in an effort to help 175 citizens leave Afghanistan after the Taliban took control of the country. The company said some staff members were also on the flight to Mexico City. The Mexican government confirmed the flight was carrying activists and independent journalists […]
TOKYO : The Bank of Japan must avoid reducing stimulus even if rising raw material costs push up inflation, deputy governor Masazumi Wakatabe said, reinforcing expectations it will fall behind major counterparts in dialling back crisis-mode policies. An advocate of aggressive monetary easing, Wakatabe also said the BOJ was unlikely […]
SEOUL : The U.S. Treasury Department said the acquisition of Magnachip Semiconductor Corp by a Chinese private equity firm posed “risks to national security”, in another hurdle for Chinese companies trying to invest abroad in critical tech industries. In March, Chinese private equity firm Wise Road Capital agreed to acquire […]
TOKYO : Japanese Finance Minister Taro Aso vowed on Tuesday to compile a high-quality budget for the next fiscal year while bearing in mind the need to reform spending policies given the country’s dire fiscal situation. Aso declined to comment when asked about the size of overall budget requests that […]
Vietnam has added to concerns over global supplies of coffee as the South East Asian country’s biggest city remains in lockdown. The exporting hub of Ho Chi Minh has been kept under tough travel restrictions after a surge cases of the Delta variant of the coronavirus. Vietnam is a major […]
The increase in oil NSE -1.33 % output agreed last month by OPEC+ nations could be reconsidered at its next meeting on Sept. 1, Kuwait’s oil minister said on Sunday. The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, collectively known as OPEC+, will meet on Wednesday […]