DETROIT: Nissan Motor Co said on Thursday (Feb 16) it will invest US$500 million to retool its US assembly plant near Canton, Mississippi, to build two new electric vehicles, part of the Japanese automaker’s US$18 billion program to expand its electric vehicle fleet through 2030. Nissan said it plans to […]
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NEW YORK : A team of quantum computing engineers from JPMorgan Chase & Co, Toshiba Corp and Ciena Corp say they have successfully shown that a powerful, newly-developed encryption network can be used to protect communications on the blockchain, according to a paper published Thursday. The group of researchers say […]
WASHINGTON: Russia has expelled the US deputy chief of mission to Russia, Bart Gorman, a State Department spokesperson said today, warning of a US response amid heightened fears of a Russian invasion of Ukraine. “Russia’s action against our DCM was unprovoked and we consider this an escalatory step and are […]
BRUSSELS: The United States has seen Russia stocking up on blood supplies, inching troops closer to Ukraine’s borders and flying in more combat aircraft, US Defence Secretary Lloyd Austin said today, dismissing Moscow claims of withdrawal. “I was a soldier myself not that long ago. I know firsthand that you […]
TEHRAN: Iran’s supreme leader said today that it will further develop peaceful nuclear capacities to preserve the country’s independence, amid talks between it and world powers to revive a 2015 nuclear pact. “We will sooner or later need peaceful nuclear energy. If we do not pursue it … our independence […]
BEIJING: Ukrainian cross-country skier Valentyna Kaminska has failed a doping test at the Beijing Winter Olympics, the Games’ testing authority said today. Kaminska, 34, tested positive for an anabolic steroid and two other banned substances, the International Testing Agency (ITA) said in a statement. She has taken part in three […]
NEW YORK: US stocks were set to open lower today after stronger-than-expected retail sales data gave the Federal Reserve more ammunition to tighten policy, while geopolitical tensions over Russian and Ukraine added to caution. Retail sales rose 3.8 per cent in January, data showed, rebounding sharply from the previous month, […]
KUALA LUMPUR: Public Bank Bhd’s PBe QR service can now be used to make instant payments via DuitNow QR Cross Border Payment between Malaysia and both Indonesia and Thailand. The bank said this would allow its customers traveling abroad to transact conveniently with merchants in Indonesia and Thailand using Public […]
LONDON: Britain’s annual inflation rate rose in January to 5.5 per cent, the highest level for almost 30 years, official data showed today, heaping more pressure on the cost of living. The Consumer Prices Index (CPI) edged up from 5.4 per cent in December, the Office for National Statistics confirmed […]
Disney has appointed an executive to specifically lead the entertainment giant’s strategy for the metaverse. Mike White, who has been with the firm for more than 10 years, will oversee a team that includes senior leaders. In a memo to staff, which has been seen by the BBC, chief executive […]