IT & software, Technology, Finance & markets · 12 h
14 storiesMusk says his companies will build and run Terafab chip plant, rules out TSMC role
Elon Musk said on Oct. 7 that his companies will independently build and operate the Terafab chip manufacturing project in Texas, ruling out an operational role for TSMC. He said TSMC could lease part of the planned site or capacity if inte…
Turkey's Aselsan announces Astralink network of 198 low-orbit satellites
Aselsan CEO Ahmet Akyol said at the International Astronautical Congress in Antalya that Turkey is building Astralink, a low-orbit satellite constellation of 198 spacecraft, with the first launch planned within two years. Akyol said work be…
HIS says up to 627 customers' passport data may have leaked after Thai unit breach
HIS announced on October 7 that up to 627 customers' passport details may have leaked after unauthorized access to a file server at its Thai subsidiary, H.I.S. TOURS. The company said it detected the access in December 2025 and identified t…
India's central bank raises key rate to 5.5%, first hike in 3 years 8 months
The Reserve Bank of India decided on 7 October to raise its main policy rate by 0.25 percentage points to 5.5%, the first increase in three years and eight months. Governor Sanjay Malhotra cited a worsening Middle East situation, sharp swin…
JPX to cut TOPIX constituents from about 1,600 to 986 under new selection rules
Japan Exchange Group announced on Oct 7 that it will sharply reduce the number of companies in the TOPIX stock index, to 986 from 1,634, in a phased change running from late October to July 2028. A reassessment in October 2027 will decide w…
Sompo Japan says about 60,000 customer records may have leaked after vendor breach
Sompo Japan said on October 7 that a subcontractor's server used to handle inquiries for its business-oriented dashcam service “SMILING ROAD” was hit by unauthorized access, and about 60,000 customer records may have leaked. The data may in…
Hang Seng Tech Index to expand to 50 constituents under six-part revamp
Hang Seng Indexes Company announced six revisions to the Hang Seng Tech Index's compilation method, including raising the number of constituents from 30 to 50. The requirement that candidates belong to designated industries is dropped, six …
Russia's Interior Ministry says Telegram refuses to cooperate on drug propaganda
Russia's Interior Ministry said Telegram is not responding to its offers of contact in the fight against drug propaganda, with the acting head of its drug-control directorate, Kirill Smurov, saying the messenger is used to draw teenagers in…
Spot gold falls about 1% below $4,120 an ounce, silver drops nearly 2%
Spot gold and silver prices fell on Oct 7, 2026, according to short market updates from three Chinese business outlets. CLS first reported spot gold down 0.93% at $4,124.89 an ounce and spot silver down 1.60% at $60.35 an ounce, figures Jie…
Bank of Russia keeps list of systemically important banks unchanged
The Bank of Russia has left its list of systemically important credit institutions unchanged, keeping 12 banks on it, according to the regulator's website. The banks on the list account for almost 80% of the combined assets of the Russian b…
Panasonic plans to start making humanoid robots for factories and warehouses by 2029
Panasonic Holdings plans to begin producing humanoid robots by 2029, for use on production lines and in warehouses, the company’s AI director Akira Sakakibara said in an interview with Nikkei. Work is already under way at the company’s AI &…
Korea names 24 innovative financial services, allowing cards for secondhand trades
South Korea’s Financial Services Commission designated 24 new “innovative financial services” on October 7, including Naver Financial’s credit card safe-payment service for person-to-person secondhand trades. Under the service, the buyer’s …
ADIB shareholders approve AED1.75bn rights issue for Vision 2035
Shareholders of Abu Dhabi Islamic Bank approved a rights issue of about AED1.75 billion ($476 million) at a General Assembly on Tuesday. The issue comprises 106,383,000 new shares at AED16.45 each, a 28.8 per cent discount to the August 24 …
Beeline opens 5G roaming in more than 100 countries, expands VoLTE and package rollover
Russian operator Beeline said its 5G roaming is now available in more than 100 countries, covering almost 90% of its roaming customers who have a 5G-capable device. The operator also expanded VoLTE support in countries phasing out 2G and 3G…