Author: Admin
Alphabet-owned YouTube said on Wednesday (Oct 15) that it has resolved an issue impacting video streaming services for several thousand users globally.YouTube said in a post on X that users should now be able to play videos on YouTube Music, YouTube TV and its main platform – without specifying what caused the issue.At its peak, at 7.55pm ET (Thursday, 7.55am, Singapore time), 366,172 users in the US had reported issues with YouTube, according to Downdetector, which tracks outages by collating status reports from a number of sources.Thousands of outages were also reported in the UK, Canada and Australia, Downdetector showed.Downdetector’s…
[BENGALURU] Gold hit a record high on Thursday (Oct 16) as investors sought refuge in the metal amid persistent geopolitical and economic uncertainties, with expectations of US rate cuts and a weaker US dollar adding support.Spot gold rose 0.4 per cent to US$4,224.79 per ounce, as at 8.33 am, after hitting a record high of US$4,225.69.US gold futures for December delivery gained 0.9 per cent to US$4,239.70.Bullion, often seen as a safe-haven asset during periods of uncertainty, which tends to do well in a low-interest-rate environment, has surged 61 per cent year-to-date.The US dollar index edged down 0.1 per cent,…
The move comes as the automotive industry has moved away from ambitious targets for EV sales outside of China, following a hybrid-oriented path pioneered by Toyota Motor[DELHI] Hyundai Motor is steering its growth in one of its largest markets towards hybrid vehicles, signalling a pragmatic pivot away from a previous focus on all-electric cars.At its first investor day in Mumbai on Wednesday (Oct 15), the South Korean automaker outlined a US$5.1 billion investment plan for India through 2030, with hybrid petrol-electric vehicles (EVs) taking centre stage to bridge the gap to full electrification. It plans to have eight hybrid SUVs…
MILAN — MILAN (AP) — Fendi on Tuesday named Maria Grazia Chiuri as its new creative director, replacing Silvia Venturini Fendi, who stepped aside last month to become honorary president of the fashion house founded by her grandparents and now owned by the French luxury conglomerate LVMH.Chiuri’s first collection for the Rome-based fashion house will be previewed next February during Milan Fashion Week.Chiuri, 61, most recently served as creative director of LVMH’s Dior and is a former co-creative director at Valentino alongside Pierpaolo Piccioli. She started her career at Fendi designing handbags.“Maria Grazia Chiuri is one of the greatest creative…
The Bank of Japan should lift interest rates closer to levels deemed neutral to the economy given mounting inflationary pressures, hawkish board member Naoki Tamura said on Thursday.The remarks increase the likelihood that Tamura, who unsuccessfully proposed raising interest rates to 0.75 per cent from 0.5 per cent in September, will do so again at the next policy meeting on October 29-30.Given there are both upside and downside economic risks, the BOJ does not need to immediately raise interest rates to levels that restrict growth, Tamura said.”That said, with risks to prices becoming more skewed to the upside, the BOJ…
Britain’s hopes of becoming a critical minerals superpower have been dealt a severe blow after one of its leading companies abandoned its plans to build a rare earths refinery near Hull.Pensana had pledged to build a £250m refinery on the banks of the Humber, to process rare earths that would have then been used to make magnets for electric cars and wind turbines. The plant promised to create 126 jobs and was due to receive millions of pounds of government funding.However, Sky News has learnt that Pensana has decided to scrap the Hull plant and will instead move its refining…
Bank of Japan board member Naoki Tamura said on Thursday the central bank should push up interest rates closer to levels deemed neutral to the economy.”My view is that there is a strong possibility that the slowdown in overseas economies will not be as significant as initially expected,” Tamura said in a speech.
[WASHINGTON] The Trump administration will seek to tighten control over strategic sectors by taking more equity stakes in key companies to counter China’s economic policies and export restrictions, Treasury Secretary Scott Bessent said on Wednesday.Bessent told a CNBC event that China’s dramatic new restrictions on rare earth minerals and magnets demonstrates the need for the US to be self-sufficient in critical materials or rely more on trusted allies.“So when you are facing a non-market economy like China, then you have to exercise industrial policy,” Bessent said.Under President Donald Trump, the US has shifted from subsidies to direct stakes in companies…
Nexperia’s seizure by the Dutch government reflects the growing importance of economic security as the chip war continuesTHE Dutch government’s seizure of chipmaker Nexperia on Oct 12 has focused international attention on the global chip war. However, it is only the latest salvo in a widening conflict for one of the world’s most strategically important tech assets.At the heart of this 21st-century conflict is geopolitics. As documented by top thinkers including Tufts University Professor Chris Miller, a battle is underway to prevent powers, such as China, from securing semiconductor superiority. The West’s technological edge in this area is perceived to…
[WASHINGTON] US President Donald Trump said on Wednesday that Indian Prime Minister Narendra Modi has pledged to stop buying oil from Russia, and Trump said he would next try to get China to do the same as Washington intensifies efforts to cut off Moscow’s energy revenues.India and China are the two top buyers of Russian seaborne crude exports, taking advantage of the discounted prices Russia has been forced to accept after European buyers shunned purchases and the US and the European Union imposed sanctions on Moscow for its invasion of Ukraine in February 2022.Trump has recently targeted India for its Russian oil…