Business

The National Highway Traffic Safety Administration (NHTSA) has opened a formal safety probe into Tesla's Autopilot system after identifying 11 crashes involving emergency vehicle scenes since 2018. This investigation covers Tesla models with Autopilot built since 2014, marking a significant step in evaluating the system's safety performance.

Indonesia's economy showed remarkable resilience, growing 7.07% in the second quarter, marking its strongest performance in 17 years. Despite the positive economic indicators, the country faces potential setbacks due to increasing Covid-19 cases, which could impact the ongoing recovery efforts.

Facebook and WhatsApp have declared the Taliban a terrorist organization, pledging to ban accounts and content supporting the group. Despite end-to-end encryption, the platforms are monitoring Taliban communications and will remove accounts found to be linked with the organization.

Malaysia's King is set to meet political leaders to determine the next Prime Minister following Muhyiddin Yassin's resignation. The former PM stepped down amid criticism of his government's handling of the Covid-19 pandemic, which has seen Malaysia experiencing high infection and death rates despite ongoing emergency measures.

Japan approves a significant semiconductor research project with TSMC, aiming to enhance its competitiveness in the tech sector and address critical chip manufacturing challenges affecting industries like automotive.

Nayuki, a popular Chinese bubble tea chain, has successfully completed its Hong Kong IPO, raising US$656 million by selling 257.3 million shares. Founders Peng Xin and Zhao Lin are set to become billionaires with their current stake in the company, marking a significant milestone in the beverage industry.

Telecommunications giants Axiata Group and Telenor Asia have finalized a strategic merger of their Malaysian wireless businesses. The new entity, MergeCo, promises enhanced digital services, significant cost synergies, and robust financial performance with projected pre-tax profits of 5.7 billion ringgit.

Britain and Singapore are initiating talks on a digital trade agreement aimed at eliminating barriers and supporting tech sector growth. This follows the UK's post-Brexit strategy of expanding economic partnerships in the Indo-Pacific region, with digital trade seen as a key driver for economic recovery and international business opportunities.

UEM Sunrise collaborates with Maybank Islamic's HouzKEY, providing first-time and second-time homeowners with an innovative financing solution. The partnership offers zero down payments, no installments during construction, and 100% financing for 10 projects, making homeownership more accessible.

Digital Nasional Bhd (DNB) has chosen Ericsson to deploy Malaysia's national 5G network in an RM11 billion project. The collaboration aims to accelerate the country's digital transformation, with Ericsson's technology set to provide critical network infrastructure across the nation.