Commentary One thing is sure: Washington has failed utterly in protecting American intellectual property (IP) from Chinese stealing. That failure has spanned decades under both Republicans and Democrats. Another thing may not be sure, but it is highly likely: Under President Joe Biden, this sad pattern will remain in place. For almost 40 years, every…
Clearview AI Fined £7.5 Million by British Data Protection Watchdog for Illegally Storing Images
The Information Commissioner’s Office (ICO) has handed a large fine to the facial recognition company Clearview AI for using images of UK people scraped from the web and social media to create a gigantic search engine for faces. The ICO fined the facial recognition company £7.5 million ($9.4 million), calling its methods to grow its…
Hyundai Recalls 239,000 Cars for Exploding Seat Belt Parts
WASHINGTON—Hyundai is recalling 239,000 cars in the United States because the seat belt pretensioners can explode and injure vehicle occupants. Three injuries have been reported, two in the United States and one in Singapore. In a letter to the Korean automaker, government regulators said that the driver’s and front passenger’s seat belt pretensioners can explode…
MSNBC Officially Hires Former Biden Press Secretary Jen Psaki
MSNBC announced Tuesday that it officially hired former White House press secretary Jen Psaki, coming after months of speculation that she would join the left-wing cable network after departing the Biden administration. Psaki will make appearances on MSNBC’s cable and streaming programs, the company said. She will also host her own show, the title of which…
Walmart Expanding Drone-Delivery Service to 6 US States, Reaching 4 Million Households
Walmart is expanding drone delivery across the states of Arizona, Arkansas, Florida, Texas, Utah, and Virginia this year, potentially enabling it to reach 4 million U.S. households, the company announced on May 24. In a blog post announcing the expansion with operator DroneUp, the retailer said it is expanding its delivery network to 34 sites by the end of…
Report Shows Growing Impact of Inflation on Dining Habits
A new report from marketing insights firm Acosta shows that consumers are feeling the bite of inflation and are responding by dining out less or choosing more affordable restaurants and meal options. In its foodservice-specific research report based on online surveys of shoppers, Acosta found that 54 percent of U.S. consumers were dining out less…
Wall Street Opens Lower on Snap Shock, Growth Fears
Wall Street’s main indexes opened lower on Tuesday following a strong relief rally in the previous session as weak forecasts from firms including Snapchat owner Snap Inc. added to nerves about an inflation-struck economy. The Dow Jones Industrial Average fell 162.63 points, or 0.51 percent, at the open to 31,717.61. The S&P 500 opened lower…
Russian Ruble Firms Past 57 to the Dollar for First Time in Four Years
The Russian ruble strengthened to levels not seen since March 2018 against the dollar on Tuesday, boosted by export-focused companies selling foreign currency to pay taxes and shrugging off a slight easing of capital controls. The ruble has firmed about 30 percent against the dollar this year despite a full-scale economic crisis in Russia. The…
Cargoes of Russia’s Flagship Crude Oil at Sea Climb to Record High
Some 62 million barrels of Russia’s flagship Urals crude oil, a record amount, are sitting in vessels at sea, data from energy analytics firm Vortexa showed, as traders struggled to find buyers for the crude. The United States and other countries have banned imports of Russian crude and oil products over its invasion of Ukraine,…
Hyundai Motor Group to Invest $50 Billion in South Korea Through 2025
SEOUL—Hyundai Motor Group said on Tuesday it plans to invest 63 trillion won ($49.86 billion) in South Korea through 2025 to strengthen its competitiveness in different business fields, including electrification, robotics, and urban air mobility, as well as autonomous driving technology. The South Korean auto group on Sunday announced its plans to invest more than…
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