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Showing posts with the label future

Tesla plays whack-a-mole as deliveries drop for first time in two years

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 Tesla delivered 254,695 vehicles in the second quarter, down about 18% from the first quarter. Supply chain disruptions at the company's new factories in Texas and Germany have also hit production, with analysts warning that the problems could eat into Tesla's profits. The electric car maker reported a drop in deliveries for the first time. Shares in the world's largest electric car maker fell more than 3% but reversed course to close at 2.6% as growth stocks rallied. The stock has lost about a third of its value so far this year. 'Tesla's shine has faded again as the recent drop in deliveries fell short of expectations,\\' said Hargreaves Lansdown analyst. J.P. Morgan says Tesla's manufacturing and financial results could be hurt by company-specific execution issues at the automaker's new plants in Texas and Berlin. Tesla CEO Elon Musk recently described the two factories as 'giant money melting pots' that are losing billions of dollars. Tesla ...

EU lawmakers are crafting groundbreaking tech regulations, but enforcement is a problem

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 European Union lawmakers passed landmark rules on Tuesday banning companies including Google, Amazon, Apple and Facebook. But limited resources from regulators could hinder law enforcement. In addition to the rules known as the Digital Markets Act, lawmakers passed the Digital Services Act (DSA), which requires online platforms to monitor more closely for illegal content on the internet. Businesses that violate the DMA face fines of up to 10% of global annual revenue. Earlier this year, lawmakers and EU countries reached a political agreement on the two sets of rules. The European Commission has set up a working group that is expected to be joined by about 80 officials. EU industry chief Thierry Breton said different teams would focus on different issues such as risk assessment, messenger service interoperability and data access. The regulator will also establish a European Algorithmic Transparency Centre to hire data scientists and algorithm scientists to provide law enforcement ...

Hackers claim to have stolen records of 1 billion Chinese citizens from police

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 A hacker claims to have obtained troves of personal information on 1 billion Chinese citizens from Shanghai police. The anonymous user, known as \\'ChinaDan,\\' posted on the hacker forum Breach Forums last week, offering to sell more than 23 terabytes of data for 10 bitcoins, or about $200,000. 'In 2022, the Shanghai National Police (SHGA) database was leaked. The database contains data and information of billions of Chinese citizens,' the post said. 'The database contains information on 1 billion Chinese residents and billions of case records, including: name, address, place of birth, ID number, mobile phone number, all crime/case details' The hashtag \\'data breach\\' on Weibo was blocked on Sunday afternoon. Binance CEO Changpeng Zhao said Monday that the cryptocurrency exchange has stepped up user verification processes after the exchange's threat intelligence found records of 1 billion people in the Asian country being sold on the dark web. He...

President of the Central African Republic: Crypto is the key to financial inclusion

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 Central African Republic President Faustin-Archange Touadera said on Sunday that cryptocurrencies are a solution to financial exclusion. 'The alternative to cash is cryptocurrencies,' he said at the launch of Sango, a crypto initiative hosted by the country. The country became the first African country to adopt bitcoin as legal tender in April. The Sango project, including a \\'Sango coin,\\' is backed by the Central African Republic's National Assembly. The coin would provide access to the country's natural resources, including gold and diamonds. The move to adopt cryptocurrencies in countries with low internet usage and unreliable electricity supplies has drawn attention from crypto experts and confused lawmakers.

British Army Twitter and YouTube accounts restored after hack

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 The British Army regained control of its Twitter and YouTube accounts on Sunday. The accounts were briefly hacked and used to post about cryptocurrencies and non-fungible tokens. \\'Apologize for temporarily interrupting our news. We will conduct a full investigation and learn from this incident,' read a post on Twitter. The army’s YouTube account, which has been renamed Ark Invest and features several cryptocurrency-themed videos, has also been restored to its original state. His Twitter feed currently has 362,000 followers, while his YouTube channel has 177,000 subscribers. The company did not immediately respond to a request for comment sent via email and on the company's website.