Category: Tech News

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The Station: Ford’s vision for dealerships and Rimac’s big raise

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Shall we… Continue reading The Station: Ford’s vision for dealerships and Rimac’s big raise

Gojek CEO Kevin Aluwi to step back from his role, to join GoTo board of commissioners …

In a major management change, Gojek co-founder and CEO and GoTo director Kevin Aluwi is stepping down from his executive position to join GoTo’s board of commissioners. GoTo Group chief executive officer Andre Soelistyo will take over Aluwi’s responsibilities once the shareholders approve the changes at the company’s annual general meeting on June 28, per… Continue reading Gojek CEO Kevin Aluwi to step back from his role, to join GoTo board of commissioners …

How crypto firm Binance became a hub for hackers, fraudsters, drug traffickers

In September 2020, a North Korean hacking group known as Lazarus broke into a small Slovakian crypto exchange and stole virtual currency worth some $5.4 million. It was one of a string of cyber heists by Lazarus that Washington said were aimed at funding North Korea’s nuclear weapons programme. Several hours later, the hackers opened at least two dozen anonymous accounts… Continue reading How crypto firm Binance became a hub for hackers, fraudsters, drug traffickers

Indonesia, Islamic Development Bank sign $150m loan for toll road project

Indonesia and the Islamic Development Bank have signed a $150 million loan to finance a toll road project on Java island, the Indonesian finance ministry said in a statement on Monday. The highway, which will be built from central Yogyakarta province to the eastern city of Malang, will cost an estimated total of $450 million. The ministry said it has also obtained funding separately from the Asian Development Bank for… Continue reading Indonesia, Islamic Development Bank sign $150m loan for toll road project

China Three Gorges acquires Spanish solar capacity for $214.52m

China‘s state-owned China Three Gorges has agreed to buy a portfolio of photovoltaic power assets in Spain worth about 200 million euros ($214.52 million), Spanish newspaper Expansion reported on Monday, citing unidentified market sources. The Chinese utility has agreed to buy photovoltaic projects from Nexwell Group, a fund with renewable power assets around the world, with capacity of 619 megawatts (MW), the newspaper… Continue reading China Three Gorges acquires Spanish solar capacity for $214.52m

Japan’s Toshiba directors exchange criticism over public statements

External directors at Toshiba Corp exchanged criticism on Monday over statements on board decisions, signalling a public rift as the embattled conglomerate reviews strategic options including going private. In an annual business report released on Monday, Toshiba external directors Mariko Watahiki and Katsunori Hashimoto, both members of Toshiba‘s three-member audit committee, were quoted as saying that external director Raymond Zage raised concern about Toshiba‘s governance by breaking ranks with the board’s official stance… Continue reading Japan’s Toshiba directors exchange criticism over public statements

NFTs, explained

There’s nothing like an explosion of blockchain news to leave you thinking, “Um… what’s going on here?” That’s the feeling I’ve experienced while reading about Grimes getting millions of dollars for NFTs or about Nyan Cat being sold as one. In the year since NFTs exploded in popularity, the situation has only gotten more complicated.… Continue reading NFTs, explained

Tesla is aiming to improve service and make majority of appointments same-day repairs

Elon Musk says that Tesla is working on its service in North America and aiming for the majority of appointments to be same-day repairs. Tesla has been growing at an incredible pace over the last few years. Car deliveries grew 68% from 184,877 vehicles in Q1 2021 to 310,048 vehicles in Q1 2022 – the… Continue reading Tesla is aiming to improve service and make majority of appointments same-day repairs

Temasek commits $3.6b to new decarbonisation investment platform GenZero …

Singapore state investor Temasek has announced the launch of GenZero, a wholly-owned investment platform company dedicated to accelerating decarbonisation globally. According to an announcement, Temasek has committed an initial amount of S$5 billion ($3.6 billion) to establish GenZero. There is an urgent need to accelerate decarbonisation across all sectors to avoid irreversible damage to the… Continue reading Temasek commits $3.6b to new decarbonisation investment platform GenZero …