Latest News
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China's Pony.ai eyes robotaxi services in Hong Kong, joining Baidu
Guangzhoubased Pony.ai Inc. is looking for to release its robotaxi services in Hong. Kong, signing up with Baidu in a race to supply services in. the city, as the self-governing driving firm looks to broaden its. operations internationally. Nasdaq-listed Pony.ai strategies to supply robotaxi travelling. services for airport personnel within Hong Kong International. Airport before broadening into other city locations in the city, the. company stated in a declaration late on Friday. It did not provide a. timespan for the launch. Chinese artificial intelligence giant Baidu is likewise considering. the launch of its driverless taxi service in the city after the. Hong Kong government authorized its application to conduct trials. in North Lantau in November. Pony.ai, which has actually obtained robotaxi service licences in. Beijing, Shanghai, Guangzhou and Shenzhen, stated it is likewise. exploring the release of its self-governing driving business in. South Korea, Luxembourg, the Middle East and other nations.
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South Korea extends shutdown of Muan airport due to crash probe
South Korea's federal government said on Monday it will extend the shutdown of Muan International Airport by a week to Jan. 14, citing the continuous examination into the crash of a Jeju Air jet that killed 179 guests on board. The airport had actually been due to resume on Tuesday following the Dec. 29 crash. A joint investigation group is stepping up the probe into South Korea's most dangerous air mishap. Two of the Korean investigators on Monday are set to leave for the United States with flight data recorders for analysis with the U.S. National Transportation Safety Board. The flight information recorders, in addition to cockpit voice recorders, are the two black boxes that contain essential details about the crash. Detectives on Saturday put together the complete records from the cockpit voice recorder recovered from the wreckage of the Jeju Air Boeing 737-800. It is not clear whether they will disclose the transcript. Investigators retrieved two of the airplane's engines over the weekend, as an agent from engine maker GE signed up with the probe. The transportation ministry extended to Jan. 10 its examinations of all the Boeing 737-800 aircrafts operated by Jeju Air and 5 other airline companies in the nation, including their maintenance records.
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Winter season storm hits main United States, barrels toward Washington
A winter season storm brought snow, ice and freezing temperatures to a broad swath of the U.S. on Sunday, with some 60 million people across more than a lots states from Kansas to New Jersey under winter season weather condition cautions and advisories. The storm was moving toward the mid-Atlantic, where Washington, D.C. was bracing for heavy snow and bitter cold on Monday, the very same day the U.S. Congress is set to meet and formally certify Republican Donald Trump's election as president. Republican Politician House Speaker Mike Johnson told Fox News on Sunday the weather condition would not prevent lawmakers from carrying out their duties. However federal offices in the country's capital will be closed, the Workplace of Personnel Management revealed. Kansas and parts of northwestern Missouri were sustaining blizzard conditions, the National Weather condition Service said. Roads were blanketed in snow and ice, and officials urged homeowners to avoid travel. Much of the main artery in Kansas, Interstate 70, was closed throughout Sunday due to heavy snow and ice. In Missouri, the state cops were sweeping a shut-down stretch of more than 50 miles on Interstate 29, looking for stranded vehicle drivers. Since late Sunday afternoon, troopers had responded to almost 600 stranded motorists and 285 crashes, the agency said on X. Total snowfall of in between six and 12 inches (15 to 30 cm). was expected from southern Ohio to Washington. Numerous. schools announced in advance that they would not open on Monday. due to the storm, including public schools in Indianapolis,. Cincinnati, Washington and Philadelphia. In northern Kentucky and southern West Virginia, freezing. rain and sleet will produce dangerous ice accumulations, the. service stated. The back end of the storm system, meanwhile, was. producing severe thunderstorms efficient in spinning off twisters. in Arkansas, Louisiana, Mississippi and Alabama. The storm forced the cancellation of numerous flights,. including more than 275 in both Kansas City and St. Louis,. according to the air travel tracking site FlightAware. Guvs in several states, including Kansas, Kentucky,. Arkansas, West Virginia and Virginia, declared states of. emergency. The storm will move offshore on Monday night, but. bone-chilling arctic air is set to relocate behind it, with. daytime temperatures on Monday and Tuesday forecasted to be 10 to. 20 degrees F below par from the Great Plains to the East. Coast, according to the weather service.
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Hong Kong-based Logan Group proposes restructuring its $8 bln offshore financial obligation
Hong Kongbased designer Logan Group stated on Monday it was using a restructuring proposition for most of its about $8.01 billion offshore debt, consisting of conversion to obligatory convertible bonds for its overseas lenders. Logan Group looks for to restructure $7.56 billion of the total offshore debt, while likewise intending to alleviate financial institutions of its extra $476 million offshore debt under different financing instruments. In August, the Chinese developer had protected an HK$ 8.2. billion ($ 1.05 billion) loan to refinance a part of this. arrearage as it had a hard time to recover from the home. sector collapse in 2021. Under the restructuring proposal for the larger quantity of. the debt, offshore financial institutions have the option to exchange the. financial obligation for money, obligatory convertible bonds (MCB), long-lasting. notes or a combination of MCBs and short-term notes. After stopping working to make repayments considering that August 2022, Logan. Group said the restructuring proposition is aimed at eliminating the. business's debt problem and restoring its capital structure.
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Financial Times - Jan. 6
The following are the top stories in the Financial Times. Reuters has not validated these stories and does not guarantee their accuracy. Headlines - Amazon's satellite task presses ahead with UK broadband strategies - Elon Musk requires Nigel Farage to be changed as Reform party leader - FirstGroup to include bus and open access rail paths amidst Labour nationalisation - UK deals with 'substantial threat' from procurement collusion, CMA alerts Summary - Amazon's satellite operation, Task Kuiper, is pressing ahead with plans to release a broadband service in the UK, as the tech group founded by Jeff Bezos attempts to handle Elon Musk's Starlink. - Elon Musk has called for Nigel Farage to be replaced as leader of Reform UK in a surprising U-turn hours after the British political leader refused to endorse some of the tech billionaire's newest online claims. - FirstGroup is seeking to strike offers to carve out new train paths and broaden its bus company as the UK's biggest rail operator improves in response to the UK government's. renationalisation of the railways. - Sarah Cardell, head of Britain's Competitors and Markets. Authority (CMA), said the agency was trialling a new artificial. intelligence-backed tool it thinks might help catch companies. that collude when bidding for public contracts.
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Winter storm strikes central United States, takes aim at Washington
A winter storm brought snow, ice and freezing temperature levels to a broad swath of the U.S. on Sunday, with some 60 million people throughout more than a dozen states from Kansas to New Jersey under winter season storm cautions, advisories or watches. The storm was moving toward the mid-Atlantic, where Washington, D.C. was bracing for heavy snow and bitter cold on Monday, the exact same day the U.S. Congress is set to meet and officially accredit Republican Donald Trump's election as president. Republican Politician House Speaker Mike Johnson informed Fox News on Sunday the weather condition would not avoid lawmakers from performing their duties. Kansas and parts of northwestern Missouri were enduring blizzard conditions into Sunday afternoon, the National Weather Service stated. Roadways were blanketed in snow and ice, and officials prompted citizens to prevent travel. Overall snowfall of between 6 and 12 inches (15 to 30 cm). was gotten out of southern Ohio to Washington. In northern Kentucky and southern West Virginia, freezing. rain and sleet will produce hazardous ice accumulations, the. service said. The back end of the storm system, on the other hand, was. producing severe thunderstorms capable of spinning off twisters. in Arkansas, Louisiana, Mississippi and Alabama. The storm required the cancellation of numerous flights,. consisting of more than 275 in both Kansas City and St. Louis,. according to the aviation tracking website FlightAware. Governors in numerous states, including Kansas, Kentucky,. Arkansas, West Virginia and Virginia, stated states of. emergency situation. The storm will move offshore by Monday night, but. bone-chilling arctic air is set to move in behind it, with. daytime temperature levels on Monday and Tuesday forecasted to be 10 to. 20 degrees F below average from the Great Plains to the East. Coast, according to the weather service.
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Chinese hack of United States telecoms jeopardized more firms than formerly understood, WSJ states
A Chinese hack compromised a lot more U.S. telecoms than previously understood, including Charter Communications, Consolidated Communications and Windstream, the Wall Street Journal reported late on Saturday, mentioning individuals familiar with the matter. Hackers also exploited unpatched network gadgets from security supplier Fortinet and jeopardized large network routers from Cisco Systems, the newspaper reported. In addition to deep invasions into AT&T and Verizon , hackers pierced other networks coming from Lumen Technologies and T-Mobile, according to the report. China rejected engaging in such actions and implicated the United States of peddling disinformation. There is growing issue about the size and scope of the reported Chinese hacking into U.S. telecommunications networks and questions about when business and the government will be able to guarantee Americans about the problem. The report included that U.S. nationwide security advisor Jake Sullivan informed telecommunications and innovation executives at a. secret White House conference in the fall of 2023 that Chinese. hackers had gotten the ability to shut down dozens of U.S. ports, power grids and other infrastructure targets at will. The Chinese-linked Salt Hurricane cyberespionage operation. targeted AT&T and Verizon's systems, but the wireless carriers'. U.S. networks are now protected as they deal with law enforcement. and federal government authorities, the business said last week in their. first acknowledgment of the attacks. Lumen said it no longer sees proof of the aggressors in. its network and that no client data was accessed. T-Mobile. said it stopped current efforts to infiltrate its systems from. advancing and safeguarded sensitive consumer information from. being accessed, according to the Journal. Verizon told the newspaper that a small number of. prominent clients in government and politics were. specifically targeted by a risk star and that those people. had actually been informed. Vandana Venkatesh, chief legal officer at Verizon, told the. paper that Verizon has actually contained the activities associated. with this particular incident. Cisco and Fortinet declined to comment to the newspaper. Targets of Salt Hurricane have actually previously reportedly consisted of. authorities linked to Democrat Kamala Harris and Republican. Donald Trump's presidential campaigns.
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United Airlines to bring Musk's Starlink on flights by spring
United Airlines said on Sunday it anticipates to start testing Elon Musk's Starlink in February for inflight web services, and to very first offer the connection on a commercial flight run by Embraer E175 aircraft this spring. The airline company plans to equip its whole two-cabin regional fleet with the service by the end of 2025 and have its very first Starlink-enabled aircraft on major paths in the air by the end of the year. Starlink will eventually be readily available on all its flights, the airline stated in a declaration. Nevertheless, United said access would be totally free just for MileagePlus members, modifying an earlier plan to provide free Wi-Fi to all travelers. Last year, United signed a deal with Starlink to offer in-flight web services throughout its entire fleet of over 1,000 airplane over the next numerous years. Starlink, an unit of SpaceX, has actually tattooed deals with multiple airlines to offer in-flight internet services as it looks for to broaden its reach beyond customers and households in backwoods worldwide with little to no internet gain access to. The satellite-based internet services supplier has previously signed deals with Hawaiian Airlines and regional carrier JSX.
'A great deal' of Americans' metadata taken by Chinese hackers, senior authorities says
A a great deal of Americans' metadata has actually been stolen in the sweeping cyberespionage project carried out by a Chinese hacking group dubbed Salt Hurricane, a senior U.S. official told journalists on Wednesday.
The authorities decreased to offer particular figures but noted that China's access to America's telecoms facilities was broad which the hacking was still ongoing.
Our company believe a large number of Americans' metadata was taken, she informed reporters. Pushed on whether that might consist of every American cellular phone's records, the official stated: We do not think it's every mobile phone in the country, however our company believe it's possibly a great deal of individuals that the Chinese federal government was focused on.
Lots of companies throughout the world had actually been hit by the hackers, the official stated, including at least 8 telecoms and telecom infrastructure companies in the United States.
U.S. authorities have actually formerly declared the hackers targeted Verizon, AT&T, T-Mobile, Lumen and others and took telephone audio intercepts along with a big tranche of call record data.
Call record metadata is sometimes described as the who, what, when, and where of call. It does not include the material of a call however can include who a call was placed to, how long it lasted, and where it was made from. Even without the content, call record metadata-- particularly when recorded wholesale -- can reveal extraordinarily granular details about an individual's. life, work, and intimate relationships.
The authorities stated the White House had actually made dealing with the Salt. Tropical cyclone hackers a concern for the federal government which. President Joe Biden had been informed a number of times on the. intrusions.
The press call took place as U.S. government agencies were due. to hold a separate, classified briefing for all senators on Salt. Typhoon's efforts to compromise American telecoms. business, according to authorities and a notice seen .
The FBI, Director of National Intelligence Avril Haines,. Federal Communications Commission Chair Jessica Rosenworcel, the. National Security Council and the Cybersecurity and. Facilities Security Agency were set to participate in the 3. p.m. ET
(source: Reuters)