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TECHNOLOGY

Coupang swings to Q2 loss on data breach fines
BUSINESS

Coupang swings to Q2 loss on data breach fines

Seoul, Aug 5 — E-commerce giant Coupang said on Wednesday it swung to a net loss in the second quarter from a year earlier due to fines related to a massive data breach.In the three months that ended in June, the U.S.-listed company shifted to a net loss of 865 billion won (US$570 million) from a…

Seoul shares extend gains amid Hormuz hopes, easing AI concerns
BUSINESS

Seoul shares extend gains amid Hormuz hopes, easing AI concerns

Seoul, Aug 5 — Seoul shares extended gains late on Wednesday as easing concerns over artificial intelligence (AI) profitability and hopes for an interim agreement between the United States and Iran over the Strait of Hormuz lifted investor sentiment.After opening 3.85 percent higher, the benchmark…

MP: Gwalior telecom zone secures Rs 5,500 crore commitments
TECHNOLOGY

MP: Gwalior telecom zone secures Rs 5,500 crore commitments

Mumbai/Gwalior, Aug 4 — India’s first Telecom Manufacturing Zone (TMZ), proposed in Madhya Pradesh’s Gwalior, has attracted investment commitments worth Rs 5,500 crore through two investors’ meetings held over the past week, Union Communications Minister Jyotiraditya Scindia said on Tuesday. The…

India currently defends nine trade disputes at WTO: Minister
BUSINESS

India currently defends nine trade disputes at WTO: Minister

New Delhi, Aug 4 — India is currently defending nine trade disputes at the World Trade Organisation, including those filed by Japan, Brazil and Australia, the parliament was informed on Tuesday.The Department of Commerce engages the Centre for Trade and Investment Law, the Centre for WTO Studies…

Govt likely to question Meta Executives on CSAM, WhatsApp usernames
BUSINESS

Govt likely to question Meta Executives on CSAM, WhatsApp usernames

New Delhi, Aug 4 — The Centre is expected to meet senior executives from Meta on August 5 to seek explanations on a range of concerns, including the handling of child sexual abuse material (CSAM), risks associated with WhatsApp usernames, and the treatment of verified and prominent accounts across…

Bangladesh sees 37 pc drop in foreign loan commitments in FY26
BUSINESS

Bangladesh sees 37 pc drop in foreign loan commitments in FY26

New Delhi, Aug 4 — Bangladesh recorded a 37 per cent fall in foreign loan commitments in FY26, eroding one of the country’s traditional buffers against external shocks and raising questions about future development financing, a new report has said.The report from Bangladesh-based The Daily Star…

Chinese citizens left in lurch amid crash in home prices: Report
WORLD

Chinese citizens left in lurch amid crash in home prices: Report

New Delhi, Aug 4 — China’s leadership appears to be ignoring the crash in the country’s real estate market which has eroded the wealth of the ordinary citizens. This was quite evident as China’s President Xi Jinping during a recent visit to Shanghai did not even mention the bust in the property…