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On its 60th Raising Day, BSF seizes 250th Pakistani drone in 2024

December 1, 2024

As thunderstorms threaten Alabama, National Weather Service warns of radio outage
Severe storms are expected to sweep across Alabama this week, as the National Weather Service undergoes an outage of the radio service that broadcasts key weather information for the region. The NWS’s office in Birmingham said it will be conducting a “required, scheduled update” to its Advanced Weather Interactive Processing System, which is used to…
Singapore’s private banks use finance boot camps to target wealthy Chinese scions
SINGAPORE — Over five days in Hong Kong, children of the cream of the crop of Singapore lender United Overseas Bank’s clients networked with prominent enterprises in the Chinese-ruled city, such as Porsche sports car distributor Jebsen Motors. This first such expedition for the bank, in 2023, was part of a clutch of programs for rich scions…
Toyota group to borrow up to $21bn to take Toyota Industries private
TOKYO — Toyota Motor and other Toyota group companies are considering borrowing up to 3 trillion yen ($20.7 billion) from financial institutions to help take machine maker and parts supplier Toyota Industries private, Nikkei has learned. A special purpose vehicle funded by the companies will launch a tender offer for Toyota Industries.
USTR duties on Chinese cranes would devastate US ports, industry says
WASHINGTON — The Trump administration’s efforts to bring shipbuilding back to the U.S. by charging high port fees on Chinese-owned, -operated and -built ships, as well as slapping new tariffs on Chinese-built cranes, drew strong pushback from industry insiders Monday. At a public hearing led by the Office of the U.S. Trade Representative here, discussions…
Markets are too complacent about tariffs, deficits
JPMorgan Chase CEO Jamie Dimon said Monday that markets and central bankers underappreciate the risks created by record U.S. deficits, tariffs and international tensions. Dimon, the veteran CEO and chairman of the biggest U.S. bank by assets, explained his worldview during his bank’s annual investor day meeting in New York. He said he believes the risks of higher inflation and even stagflation aren’t…
Investors shrug off Moody’s downgrade as stocks, U.S. borrowing costs stay largely flat
Investors largely shrugged off a downgrade of the U.S.’s credit rating in Monday trading as stocks ended the day mostly flat. The Dow Jones Industrial Average added more than 130 points for an increase of 0.32%. The broader S&P closed up 0.09%. The tech-heavy Nasdaq gained 0.02%. Late Friday, Moody’s became the third and final…
Toyota Fortuner makes a grand comeback – Here’s what’s new
Toyota Fortuner makes a grand comeback – Here’s what’s new The Fortuner is set to launch an updated version in 2025. The updated model features a modernized design language. The redesigned dashboard includes a freestanding infotainment display. Toyota plans to launch an updated version of the Toyota Fortuner in 2025 to strengthen its position in…
LG highlights innovative IoT-NTN solutions at 5GAA event in Paris
LG highlights innovative IoT-NTN solutions at 5GAA event in Paris The company demonstrated real-time, uninterrupted voice communication between terrestrial and non-terrestrial networks. The technology enhances safety and response time during critical incidents. LG created TN and NTN zones in Paris to showcase this capability. During the 5G Automotive Association (5GAA) conference in Paris, France, held…
Toyota to launch new EVs in US as Tesla stumbles
PLANO, Texas — Toyota Motor is revising its electric-vehicle strategy in the U.S., planning to launch more models and use a new naming scheme as it sees a chance to capture market share amid Tesla’s deep slump. Toyota is unveiling five EV models for the North American market this week. The Japanese automaker now sells…