Monday, August 31
The Volkswagen Group, which includes the Porsche and Audi brands, plans to invest 160 billion euros ($186 billion) over the next five years, Chief Executive Oliver Blume told weekly Frankfurter Allgemeine Zeitung (FAS). "The focus is on Germany and Europe. On products, technologies, production facilities and infrastructure," Blume was quoted as saying. "At the same time, we finance developments in future-oriented fields such as battery cells, software and autonomous driving."
Shiv Sena leader Shrikant Shinde on Friday introduced a Private Member’s Bill in the Lok Sabha seeking a dedicated legal framework to regulate deepfakes and protect individuals from misuse of the technology.The Regulation of Deepfake Bill proposes mandatory prior consent from people depicted in deepfake content and outlines penalties for creating or sharing manipulated media with malicious intent.“Misuse of deepfakes for harassment, deception and misinformation has escalated, creating an urgent need for regulatory safeguards,” Shinde said while introducing the Bill. He noted that rapid advances in AI and deep learning have turned deepfakes into a major tool for media manipulation, posing risks to privacy, national security and public trust.The Bill seeks to set up a Deepfake Task For
Europe's embattled auto industry and its backers are ramping up pressure on the EU to relax its planned 2035 ban on new petrol and diesel car sales -- hoping for a decision by year end.The European Commission is due to review the target on December 10 as part of a broader rescue plan for the sector but competing demands from member states and industry risk forcing it to push back the date.The goal of switching all new cars to electric by 2035 was set in 2023 as a flagship measure of the EU's environmental Green Deal and a key step towards the bloc achieving climate neutrality by 2050.But two years on, calls are mounting to revise the target in the name of "pragmatism"."Our sector has received the most stringent target as it was perceived to be one of the easiest to decarbonise," the Europe
Since the severe foreign exchange crisis of 1991, one word that has become familiar to every Indian household is Foreign Investment, or FDI. The primary role of foreign investment was to balance our balance of payments, provide additional capital to a capital-starved economy, and support the stability of our currency. The question today is whether gold could perform the same role that FDI has long been expected to play.Over the past ten years, foreign investment, both direct and portfolio, amounted to about $400 billion. During the same period, India’s gold imports accounted for between $450 and $500 billion, forming a substantial part of the import bill. Annual gold purchases typically range between $35 and $55 billion constitute a major share of total import expenditure, contributing h
