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BUSINESS

  • Toyota Accelerates Growth in India: New $400 Million Plant in the Works Toyota's Indian subsidiary invests $5.3 billion in a new factory in Karnataka to meet growing demand for hybrid and electric vehicles.
  • Tesla and Musk Knew About Autopilot Issue: 'Reasonable Evidence' Found U.S. court allows punitive damages in Tesla Autopilot crash case, suggesting possible company awareness of flaws; stock price drops.
  • Altman, Jobs, Musk: What Do They Have in Common? Founders ousted from tech companies: Steve Jobs (Apple), Elon Musk (PayPal), Martin Eberhard (Tesla), Noah Glass and Jack Dorsey (Twitter).
  • Binance, the world's largest virtual currency exchange, agrees to pay $5.7 billion fine, withdraw from U.S. market. AsiaToday By Haman Joo Washington Correspondent = Binance, the world's largest virtual currency exchange, pleaded guilty to charges of brokering transactions with U.S. government sanctioned entities such as North Korea and failing to have anti-money laundering systems in place, and paid the largest fine in its history.
  • U.S. existing home sales at 13-year low in October…The cause is the influence of ‘this’. Sales at the end of October were down 5...
  • OpenAI Controversy Benefits Microsoft as Altman Joins New AI Division Microsoft's unique AI position solidifies with former OpenAI CEO Sam Altman joining its team, bolstering its AI prowess.
  • Elon Musk's Anti-Semitic Comments Trigger White House Move to Meta's Thread Elon Musk's anti-Semitic remarks led to ad boycotts, criticism from shareholders, and White House switching platforms.
  • Beer Sales Plunge After 'Urine Terror' Incident: All Staff Opt for Voluntary Retirement After a 'urine terror' incident at a Tsingtao beer factory, sales plummet, leading to voluntary retirements for all 120 staff members.
  • Record Flight Delays in the U.S.: Forbes Suggests High-Speed Rail for Solutions The U.S. faces record flight delays due to climate-related weather issues, prompting calls for high-speed rail as an alternative.
  • China Expresses Strong Dissatisfaction with EU's Electric Vehicle Investigation China's Ministry of Industry and Information Technology protests EU's electric vehicle investigation, fearing global industry disruption.
  • Saudi Arabia Holds Key to South Korea's Ambitions as World's No. 4 Arms Exporter Bloomberg's Tim Culpan discusses South Korea's aim to boost arms exports to Saudi Arabia, potentially becoming a global defense leader.
  • How Africa's Riches Will Transform the Globe: $20 Trillion Boost by 2050 Africa's youth, resources, and strategic location position it as a significant contributor to the global economy's revitalization.
  • Slim, Young, White Women Only: United Airlines Hit With Discrimination Accusations Two United Airlines flight attendants file a lawsuit alleging discrimination after being replaced with slim, white women on a charter flight.
  • 'It's over the moment you get hit' Pedestrian safety ranked worst in U.S., car impacts stagnate. Photo credit: 'Bloomberg' Bigger cars are safer, but pedestrians have the worst size-specific fatality rates There's a perception that bigger cars are safer. To some extent, this is true.
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