Markets
Forex - US Dollar Rises, Even as Bigger Fed Rate Cut Expected
The data shows the index has inched up to 98.4 from June's final reading of 98.2. economists had forecast the index to hit 98.6. Momentum looked better for Wall Street. Meanwhile, slipped 0.4% to 1.1226, slipped 0.2% to 1.2581, while gained 0.3% to 1.3067. The greenback was almost flat at 107.830 yen after adding 0.4% on Friday thanks to the rise in U.S yields. [Full Article...]
Around 6,000 Irish-owned Volvo cars recalled over engine fault fear
The issue affects some cars made in the past five years. In a worst case scenario this could lead to the engine catching on fire and endangering lives. "If there is no error message, the vehicle is safe to drive", said Elfström. Customers will not have to pay for any work carried out to rectify the problem; the company declined to estimate what the recall would cost it. [Full Article...]
Tencent working with Nintendo on a new Pokemon game
While both games are not as popular in the West, they are hugely successful in China, which might be the motivation behind bringing them in to crack the mobile market in China. Continuing their increased focus on China, Nintendo has partnered with China's biggest gaming company Tencent to create a Pokemon game. We only know it is in development; release date, genre, and console are unknown. [Full Article...]
Whirlpool recalls tumble dryers over fire safety fears
Whirlpool recently admitted to MPs that the number of faulty tumble dryers in homes across the country could be far higher than first thought. Tumble dyers from the brands Indesit, Hotpoint, Creda, Swan and Proline made before September 2015 are included in the recall. [Full Article...]
Equifax to pay up to $700m to settle data breach
Credit-reporting company Equifax Inc will pay up to a record $650 million to settle USA federal and state probes into a massive 2017 data breach of personal information, authorities said on Monday. The scandal upended the company, which saw the exit of its chief executive, as its security practices and slow speed in disclosing the breach were challenged. [Full Article...]
Crypto-related crimes cost South Korea $2.3 billion
News platform, The Korean Herald, was the one to have initially reported on this matter, indicating that roughly 132 criminals have since been imprisoned, with another 288 who have been "indicted without physical detention over the cited period". [Full Article...]
NYC recovers power supply to some after heat wave outage
Almost 50,000 New York City residents lost power on Sunday evening as the third day of an intense heat wave grips the city. Con Edison was cutting off power "temporarily" across parts of Brooklyn on Sunday night due to the ongoing heatwave - with some 30,000 customers said to be affected, according to city officials. [Full Article...]
Tesla Supercharger V3 Debuts with Solar Panels and Batteries
The first of these chargers were revealed in March at the Fremont, California based factory of the company. References to the Tesla Supercharger V3 and the use of solar panels to provide power for the chargers had been referenced as far back as 2016. [Full Article...]