Business
The Panama Canal may reduce daily ship traffic to about 29 vessels in February or March 2027 if drought conditions continue, its new administrator said. Ilya Espino de Marotta took office on Sept. 7 and raised the possibility as El
German automotive manufacturer Volkswagen AG agreed on Monday to sell its Osnabrück assembly plant to Israeli private equity firm Aurelius Capital and the German state of Lower Saxony. Under the preliminary agreement, the new owners will convert the vehicle manufacturing
Egypt’s net international reserves rose to a record $57.2145 billion at the end of August 2026. The Central Bank of Egypt released the provisional figure on September 7. Reserves stood at $56.2939 billion at the end of July. That means
South Korea and African partner nations will launch a major economic cooperation framework focused on artificial intelligence and technology-driven development at the 8th Korea-Africa Economic Cooperation Ministerial Conference in Seoul. The upcoming ministerial gathering marks the 20th anniversary of the
South Korea’s consumer prices rose 3.1% in August from a year earlier, official data showed. The increase accelerated from 2.8% in July and returned headline inflation above 3%. The consumer price index reached 120.05, with 2020 set as the base
The Republic of Korea’s outbound shipments surged 68.7% year-on-year in August to reach $98.25 billion, driven by sustained global demand for high-performance memory chips and artificial intelligence infrastructure. Data released by the Ministry of Trade, Industry and Resources confirmed that
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Technology
Japan has released a draft revision of its Artificial Intelligence Basic Plan that calls for wider global cooperation on AI risks. The proposal focuses on cyberattacks, model safety, misinformation and governance of high-performance AI. The Cabinet Office opened public comments
India and France adopted the India-France Innovation Roadmap 2030 during talks between Prime Minister Narendra Modi and President Emmanuel Macron in Nice on June 14, widening cooperation across artificial intelligence, trade, defence, space, education and health research. The two leaders
Nvidia has signed artificial intelligence and data centre agreements with major South Korean companies, widening its role in the country’s AI infrastructure buildout. The agreements involve SK Hynix, SK Telecom, NAVER and Doosan Group. The companies did not disclose financial terms.
South Korea has launched a 1.115 trillion won, or about US$665.5 million, Industrial Growth Fund to expand financing for manufacturing innovation, artificial intelligence adoption and technology commercialization across key industries. The fund was introduced on May 18 at an industrial
ABU DHABI: Space42 said the localisation of assembly, integration and testing for its Foresight synthetic aperture radar, or SAR, satellites shows the UAE is deepening its industrial capability in space technology, as the company ties a series of recent Earth observation milestones
NEW DELHI: India is preparing a new fund worth more than 1 trillion rupees, or about $11 billion, to support domestic semiconductor production, according to a report published Thursday. The report said the proposed funding would provide subsidies for chip design projects,
EuroWire, LEIPZIG: BMW Group has launched a pilot project using humanoid robots in production at its Plant Leipzig, marking the company’s first deployment of humanoid robotics on a factory floor in Germany. BMW announced the project on Feb. 27 and provided additional
CUPERTINO: Apple on Tuesday introduced updated 14-inch and 16-inch MacBook Pro models powered by its new M5 Pro and M5 Max chips, positioning the laptops for professional workflows and expanded on-device artificial intelligence. Apple said the systems add faster storage, updated wireless