Category: News Type

Thailand rolls out new rules on advertising for crypto firms

Thailand‘s Securities and Exchange Commission (SEC) has rolled out new rules on advertising for cryptocurrency companies after the industry has come under greater scrutiny from authorities. The new rules include clearly showing investment risks in advertisements and providing a balanced view of potential risk and returns, the SEC said in statement on Thursday. Information of advertising terms must also be given to… Continue reading Thailand rolls out new rules on advertising for crypto firms

Malaysia’s U Mobile declines investment option in 5G agency DNB

U Mobile, Malaysia’s fourth-biggest mobile carrier, has decided not to take a stake in state-owned 5G agency Digital Nasional Bhd (DNB), it said on Thursday. Malaysia has been one of the 5G laggards in Southeast Asia and protracted delays in talks between government and the country’s mobile operators on taking a combined 70% stake in DNB could spell a further setback for the rollout of 5G in the country.… Continue reading Malaysia’s U Mobile declines investment option in 5G agency DNB

California’s power grid is struggling to cope with extreme heat

A long, brutal heatwave is expected to grip California at least through the holiday weekend, stressing the power grid. Officials are begging residents to conserve electricity in an effort to prevent outages. The state is now in its second day of a “Flex Alert” issued by the state’s power grid operator, the California Independent System… Continue reading California’s power grid is struggling to cope with extreme heat

Evolved Audi RS Q E-tron E2 is revamped electrified racer

Audi has massively revamped its Dakar Rally challenger ahead of next year’s event, with the new RS Q E-tron E2 sporting entirely redesigned bodywork. The German firm entered three of the innovative 4x4s in this year’s Dakar endurance rally raid in Saudi Arabia, driven by Carlos Sainz, Stéphane Peterhansel and Mattias Ekström. While Audi claimed four stage… Continue reading Evolved Audi RS Q E-tron E2 is revamped electrified racer

Liz Truss “prepared to look at” scrapping motorway speed limits

Liz Truss, current front-runner to be the next UK prime minister, has confirmed that she would consider a review of – and potential end to – speed limits on motorways. Replying to an audience question at the final debate before the deadline for Conservative party members to vote for their next leader (and thus the… Continue reading Liz Truss “prepared to look at” scrapping motorway speed limits

Luxgen n7 electric crossover is first Foxconn car

The new Luxgen n7 is the first car designed and developed in partnership with Foxtron, the newly formed automotive division of Taiwanese electronics-manufacturing giant Foxconn. Previewed by the Foxtron Model C concept revealed last November, the electric seven-seat crossover is set to go on sale in Taiwan in October. Exports of the model are planned, according to… Continue reading Luxgen n7 electric crossover is first Foxconn car

BMW starts hydrogen fuel cell production for BMW iX5

BMW has started production of hydrogen fuel cell systems for its next-generation BMW iX5 Hydrogen model, with the first vehicles set to hit the road for testing later this year.  Built at BMW’s competence centre for hydrogen in Munich, the FCEV powertrain consist of a fuel cell, two hydrogen tanks and a fifth-generation BMW eDrive electric motor. … Continue reading BMW starts hydrogen fuel cell production for BMW iX5

German Handelsblatt: First interview as CEO: With a ten-point plan, the new CEO Oliver Blume wants to push the restructuring at Volkswagen005062

Oliver Blume The previous Porsche boss will be given new tasks as the new Volkswagen CEO – and will still keep his old job. (Photo: Reuters) The new Volkswagen boss Oliver Blume wants to accelerate the restructuring of the car manufacturer with a ten-point plan. “This includes robust, consistent financial planning with tight return, cash… Continue reading German Handelsblatt: First interview as CEO: With a ten-point plan, the new CEO Oliver Blume wants to push the restructuring at Volkswagen005062

German Handelsblatt: Management reshuffle: Sajjad Khan moves to Porsche – ex-Mercedes board member to strengthen digital profile005061

Bald bei Porsche: Der frühere Mercedes-Manager Sajjad Khan Als Chief Technology Officer (CTO) verantwortete Khan die Entwicklung in den Bereichen Connectivity, Autonomous, Shared & Services, und Electric (CASE). Jetzt steht sein Wechsel zu Porsche bevor. (Foto: Bernhard Kahrmann für Handelsblatt) Der Stuttgarter Sportwagenhersteller Porsche plant die Erweiterung des eigenen Vorstands. Der frühere Mercedes-Manager Sajjad Khan soll… Continue reading German Handelsblatt: Management reshuffle: Sajjad Khan moves to Porsche – ex-Mercedes board member to strengthen digital profile005061