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Sanctions-hit Russia has limited exports of noble gases such as neon, a key ingredient for making chips, until the end of 2022 to strengthen its market position, its trade ministry said on Thursday. Russia's export curbs could worsen the supply crunch in the global chips market. Ukraine was one of the world's largest suppliers of noble gases until it suspended production at its plants in the cities of Mariupol and Odesa in March. Exports of noble gases, which Russia used to supply to Japan and other countries, will be allowed only with special state permission until Dec. 31, the Russian government said on May 30. The move will provide an opportunity to "rearrange those chains that have now been broken and build new ones," Deputy Trade Minister Vasily Shpak told Reuters via the ministry's press service on Thursday. Russia accounts for 30% of the global supply of three noble gases - neon, krypton and xenon, according to the ministry's estimate. Taiwan, the world's leading … [Read more...] about Russia Limits Exports Of Noble Gases, A Key Ingredient For Making Chips

This is a carousel. Use Next and Previous buttons to navigate 3 The Russian military will soon exhaust its combat capabilities and be forced to bring its offensive in Ukraine's eastern Donbas region to a grinding halt, according to Western intelligence predictions and military experts. "There will come a time when the tiny advances Russia is making become unsustainable in light of the costs and they will need a significant pause to regenerate capability," said a senior Western official, speaking on condition of anonymity to discuss a sensitive issue. The assessments come despite continued Russian advances against outgunned Ukrainian forces, including the capture on Friday of the town of Severodonetsk, the biggest urban center taken by Russia in the east since launching the latest Donbas offensive nearly three months ago. The Russians are now closing in on the adjacent city of Lysychank, on the opposite bank of the Donetsk river. The town's … [Read more...] about Russia will soon exhaust its combat capabilities, Western assessments predict

Suspect Piyabutr Urai-ngam, 27, is arrested on suspicion of blackmailing girls through use of their nude photos, at his house in Lam Luk Ka district, Pathum Thani province, on Thursday morning. (Photo supplied) A man alleged to be involved in the suicide of a minor after having blackmailed her into sending explicit images of herself was released by the Criminal Court Saturday on 50,000-baht bail. Police from the Anti-Trafficking in Persons Division (ATPD) took Piyabutr Urai-ngam, 27, to the court to seek approval for the first round of his detention. Bail was opposed by authorities who reasoned that the case carried a severe penalty, and the suspect poses a flight risk. The suspect, who worked as a call centre operator at a communications firm, was arrested at a house in tambon Khu Khot of Lam Luk Ka district, Pathum Thani province, on Thursday morning. He has been charged with possession of child pornography for sexual and commercial purposes. Despite police opposition, the … [Read more...] about Court grants bail to cosplay blackmailer

Alpine team principal Otmar Szafnauer believes Netflix gaining behind-the-scenes access to key meetings could prove to be a good thing for the sport’s visibility in the popular Drive to Survive series. Netflix cameras were reportedly present inside a fiery meeting of the team bosses ahead of the Canadian Grand Prix, discussing the implications of the FIA’s new technical directive, which is aimed at limited the amount of bouncing or porpoising the drivers can experience. Red Bull’s Christian Horner and Mercedes’ Toto Wolff reportedly clashed in the meeting, accusing him and other team principals of playing “political games” in trying to imply that the new directive disproportionately helps Mercedes, given they have been the team arguably most affected by bouncing this season. Szafnauer pointed to the example set in the Senna documentary released in 2010, which showed rare footage inside heated driver briefings and protests against the FIA – and allowing Netflix into … [Read more...] about Szafnauer welcomes Netflix presence in team meetings

Bengaluru-based electric mobility company, Ola Electric, has released the revenue numbers for the first two months of the Financial Year 2022-23. Between April and May 2022, the electric scooter manufacturer generated total revenue of ₹ 500 crore and the company says that it is well on track to surpass $ 1 billion or ₹ 7824 crore revenue by the end of the current financial year. Right now, Ola Electric commands a 50 per cent revenue share of the entire electric two-wheeler segment. Also Read: Ola S1 Pro Electric Scooter Review A company spokesperson from Ola electric said, "As customers' confidence in EV continues to grow, the future forecast looks even stronger for Ola Electric. We have also been able to streamline our manufacturing capacity at the Ola Futurefactory, Krishnagiri to 1000 units per day. We have a strong order pipeline and will be ramping up further." Ola is now gearing up to launch its second EV scooter aimed at the mass market and it is scheduled to … [Read more...] about Ola Electric Generated Rs. 500 Crore Revenue In First 2 Months Of FY 22-23

Representing India after a hiatus of two years, Indian rally driver Gaurav Gill clocked a time of 3m32.9s in SS1 - Super Special Kasarani of the World Rally Championship (WRC) Safari Rally Kenya. The driver went on to set the fastest time in the shakedown in the WRC2 grid, 14.1 seconds of  WRC1 driver Sebastien Ogier. Gill was last seen on the WRC2 rally circuit in Turkey and Australia in 2019 and returns to the championship driving the Skoda Fabia Rally 2 with Brazilian co-driver Gabriel. The Safari Kenya rally is considered one of the most onerous rallies in the world, where legends are fighting for the top title. Also Read: Gaurav Gill Returns To WRC 2 With Safari Rally In Kenya Speaking on his performance, Gaurav Gill said "We had a good start in the Shakedown for our team which helped us today to mark another fastest completion. We are working on improving our on-ground strategies to claim good results in the remaining stages.  It's a long and challenging rally. We'll put … [Read more...] about WRC: India’s Gaurav Gill Sets Fastest Time In WRC2 Grid In Safari Kenya Rally

Denso Corp may consider spinning off its chip business, a top executive of the major Japanese maker of semiconductors used in automobiles and a main supplier to Toyota Motor Corp told Bloomberg News on Friday. "We need to think about whether the time will come when we sell semiconductors, alone, externally," Bloomberg quoted Denso's chief technology officer, Yoshifumi Kato, as saying in an interview. Nothing had been decided on a split and the company's focus for now was on meeting internal chip demand, Bloomberg cited Kato as saying. Denso is not considering spinning off the semiconductor business at this moment, a company spokesperson said. Kato said last week the company expected demand for auto chips to be about a third higher by 2025 than it was in 2020, as the key component was increasingly used in fossil-fuel cars, electric vehicles and autonomous drive technology. A global chip shortage has plagued companies from smartphone makers to consumer electronics firms and … [Read more...] about Denso May Consider Spinning Off Chip Business, Bloomberg Says, Citing Executive

Ola today announced that it has shut down the Ola Dash used car and quick commerce business. The company has decided to reorient its used vehicles business Ola cars, less than a year after it was launched. The company released a statement saying, “Ola has reassessed its priorities and decided to shut down Ola Dash- its quick commerce business. Ola will also be reorienting its Ola Cars business to focus more on strengthening the go-to-market strategy for Ola Electric.” The company added saying that the Ola Cars infra, technology and capabilities will be repurposed towards Ola Electric's sales and service network, thus clearly showing the company's intention that the electric mobility business is at the heart of it all. This certainly does not come as a surprise because according to the company Ola Electric commands a 50 per cent revenue share of the entire electric two-wheeler segment. It recently released data to support this statement as well. Between April and May 2022, … [Read more...] about Ola Shuts Down Used Cars And Quick Commerce Businesses; To Focus On EVs