Indonesia lowers VAT on electric vehicles to 1%
By Fransiska Nangoy JAKARTA (Reuters) – Indonesia has lowered its value-add tax on battery-based electric vehicle sales to 1% from 11% to encourage the adoption of EVs, a government ministry…
ITS World Congress returns with all the latest innovations in smart mobility
ITS World Congress, the largest world event in the intelligent transport system and services, returns in September 2024 in Dubai. The organizers have already started the processes for the preparation…
Kuiper is Amazon’s new internet connection service via satellite
Amazon in space in the sign of Kuiper. The giant intended to provide the first test customers with an internet connection from space in 2024. Also, by 2026, half of…
TikTok ban in U.S and E.U.
TikTok, the short-form video-sharing app, has become one of the world’s most popular social media platforms, boasting over a billion active users. With its unique algorithmic feed and emphasis on…
Mercedes set to invest billions in e-vehicles plants
By Riham Alkousaa BERLIN (Reuters) – Mercedes will invest billions of dollars to modernise its plants in China, Germany and Hungary over the coming years, magazine Automobilwoche reported, as the…
Relativity postpones Florida launch of 3D-printed Terran rocket
By Joey Roulette (Reuters) – California-based startup Relativity Space called off the planned debut launch of its 3D-printed rocket in Florida on Wednesday over fuel temperature concerns, delaying a key…
AI stocks surge as investors bet on growth prospects
By Ankika Biswas (Reuters) – Shares of artificial intelligence-based (AI) product makers zoomed on Friday, as a strong forecast from retail darling C3.ai Inc amplified an ongoing euphoria in the…
For tech giants, AI like Bing and Bard poses billion-dollar search problem
By Jeffrey Dastin and Stephen Nellis MOUNTAIN VIEW, Calif. (Reuters) – As Alphabet Inc looks past a chatbot flub that helped erase $100 billion from its market value, another challenge…
TikTok planning 2 more data centers in Europe amid data security concerns
By Foo Yun Chee BRUSSELS (Reuters) – Chinese social media company TikTok plans to open two more data centers in Europe, a senior executive said on Friday, a move that…
GM inks deal with GlobalFoundries to secure U.S.-made chips
By Jane Lanhee Lee, Joseph White and Stephen Nellis OAKLAND, Calif/DETROIT (Reuters) – General Motors Co and chipmaker GlobalFoundries Inc on Thursday announced a long-term deal for the automaker to…