Emerging Markets - CybAI news

07 Aug

UK Regulator Tells Online Services to ‘Act Now’ to Stop Riots

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The UK telecommunications regulator urgedBloomberg Terminal online service providers to take action to stop customers from using their platforms to incite violence, even though Ofcom’s new rules with stronger requirements to police online content aren’t yet in effect. “In a few months, new safety duties under the Online Safety Act will be in place, but you can act now – there is no need to wait to make your sites and apps safer for users,” said Gill Whitehead, Ofcom’s director for online safety, in a letter posted to the regulator’s website on Wednesday. Source link lol

06 Aug

Arcadium Lithium Pauses Expansion Plans on Prices, Supply Glut

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Arcadium Lithium Plc will suspend or delay two of its four expansion projects as the global market for the battery metal faces a supply glut and prolonged price slump.The lithium producer plans to pause investment in its Galaxy project in Canada and is exploring the possibility of bringing in a partner for the project, Arcadium said in its second-quarter earnings release on Tuesday. Source link lol

06 Aug

Amazon’s India Country Chief Is Stepping Down in October

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Amazon.com Inc.’s India chief is leaving “to pursue an opportunity outside of the company,” the e-commerce giant said. Manish Tiwary will depart in October, a spokesperson said in an emailed statement that didn’t name a successor. Amit Agarwal, who led Amazon’s initial push into India and now runs the company’s emerging economies initiative, “will remain closely involved with the Amazon team,” the Seattle-based company said on Tuesday. Source link lol

06 Aug

Mitsubishi Heavy Shares Soar as Turbine Engine Sales Help Profit

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Mitsubishi Heavy Industries Ltd. shares jumped the most on record after the manufacturing conglomerate posted a 61% increase in quarterly profit, helped by strong sales of gas turbine engines.The Japanese company reported a business profit of ¥83.5 billion ($572 million) for the three months ended June 30, according to a statement Tuesday, after selling six large-scale gas turbines in the US and Asia. That beat analyst estimates of ¥57 billion. Net sales were ¥1.1 trillion, slightly higher than what the market was looking for. Source link lol

06 Aug

TSMC Named Top Pick at Morgan Stanley After Record Selloff

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Taiwan Semiconductor Manufacturing Co. is being touted as a “top pick” by Morgan Stanley after its shares plunged by a record Monday amid the global stock rout.“We like TSMC’s quality and defensive nature during an elongated semi downcycle,” Morgan Stanley analysts including Charlie Chan wrote in a note published Monday. The stock is trading at 16 times projected earnings estimates for 2025, a valuation the analysts say is “attractive again.” Source link lol

06 Aug

Xpeng Aeroht Raises $150 Million for Production of Flying Cars

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Xpeng Aeroht, a unit of Chinese electric carmaker Xpeng Inc., raised $150 million to fund the development and production of a proposed flying car in Guangzhou.In a statement Monday, the company said it has also started the next round of funding as it prepares to build manufacturing facilities in the Chinese city. Source link lol

04 Jun

China’s Moon Mission Leaves Patriotic Graffiti on Lunar Surface

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A Chinese spacecraft lifted off from the far side of the moon, marking the historic visit by leaving behind a bit of patriotic graffiti in the lunar surface.Chang’e-6, the first sample-retrieval mission to the far side of the moon, began its return trip to Earth on Tuesday after collecting rock samples. Source link lol