Technology

'Operation Beethoven': Dutch 2.5bn-euro charm offensive to keep ASML
'Operation Beethoven': Dutch 2.5bn-euro charm offensive to keep ASML
by  AFP

The Dutch government on Thursday unveiled a plan worth 2.5 billion euros to retain global firms like chip giant ASML amid fears of a far-right clampdown on immigration. "If investment plans change, these forecasts and the required commitment will be adjusted," warned the Dutch government.

China's competitive car market at heart of global EV revolution
China's competitive car market at heart of global EV revolution
by  AFP

China is the biggest electric vehicle market in the world, a battle royale featuring both established carmakers as well as upstarts such as Xiaomi, which launched its first EV on Thursday. And Xiaomi, the world's third-biggest smartphone maker, entered the fray on Thursday.

Crypto fraudster Bankman-Fried faces sentencing
Crypto fraudster Bankman-Fried faces sentencing
by  AFP

Disgraced cryptocurrency wunderkind Sam Bankman-Fried is set to be sentenced Thursday following his conviction in one of the biggest financial fraud cases in history. "It is about what was the fraud when he was convicted."

French cyberdefence chief warns Paris Olympics a 'target'
French cyberdefence chief warns Paris Olympics a 'target'
by  AFP

The head of France's national cybersecurity agency said the Paris Olympics would be a "target" this year including for foreign states interested in "disrupting the opening ceremony or causing problems on public transport".

Hyundai to invest more than $50 bn in South Korea in major EV push
Hyundai to invest more than $50 bn in South Korea in major EV push
by  AFP

Hyundai on Wednesday revealed plans to invest more than $50 billion in South Korea by 2026, with a huge chunk dedicated to boosting the development and production of electric vehicles. Under the plan, Hyundai will create 80,000 jobs in South Korea and build three new EV factories, with the aim of increasing annual EV production in the country to 1.51 million units by 2030.