Australian Tesla Lawsuit Faces Discovery Clash An Australian judge has questioned whether Tesla is taking the discovery process seriously in a class action involving allegations about phantom braking, battery range and self-driving capabilities. During a Federal Court hearing on Friday, Justice Tom Thawley warned the Elon Musk-led carmaker it could face “a really bad time” if it failed to cooperate fully with the legal process. The class action, brought by Brisbane-based law firm JGA Saddler, represents around 10,000 Australian Tesla drivers. The lawsuit alleges Tesla misled consumers about vehicle performance and autonomous driving functions. Tesla has denied mischaracterising its products.…
Author: Arushi Pandey
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U.S. Senate Set To Debate Clarity Act Crypto Bill U.S. senators are preparing to consider long-awaited cryptocurrency legislation this week, marking a significant step towards establishing a formal regulatory framework for digital assets in the United States. The proposed legislation, known as the Clarity Act, is scheduled for discussion on Thursday and could help resolve a prolonged dispute between crypto firms and the banking industry. If enacted, the bill would define how financial regulators oversee cryptocurrencies and digital asset markets, potentially accelerating broader adoption across the sector. Senate Banking Committee To Review Bill Tim Scott, chairman of the Senate Banking…
Canvas Cyberattack Disrupts Schools After Student Data Theft Schools and universities affected by a major cyberattack involving the educational platform Canvas have reportedly contacted hackers in an effort to prevent stolen student data from being released online. The breach, linked to the hacking group ShinyHunters, has disrupted educational institutions across the United States during a critical period as students prepare end-of-year assignments and examinations. Canvas, widely used by schools and universities, supports coursework, communication, and information sharing between students and faculty. ShinyHunters claimed in a May 3 post that it had stolen around 6.65 terabytes of Canvas-related data connected to…
Tesla Model Y Becomes First Vehicle To Pass New NHTSA Driver-Assistance Tests The National Highway Traffic Safety Administration (NHTSA) said on Thursday that the 2026 Tesla Model Y is the first vehicle model to pass the agency’s newly introduced advanced driver-assistance system tests. The updated evaluations were recently added to the agency’s New Car Assessment Program. The qualifying vehicles are 2026 Tesla Model Y units manufactured on or after November 12, 2025. The new tests assess several safety technologies, including pedestrian automatic emergency braking, lane keeping assistance, blind spot warning and blind spot intervention. New Safety Tests Added For 2026…
India Defence Production Hits Record ₹1.54 Lakh Crore Rajnath Singh said India’s defence production reached a record ₹1.54 lakh crore in the 2025-26 financial year, while defence exports touched an all-time high of ₹38,424 crore as the country accelerates efforts towards military self-reliance. The Defence Minister made the remarks while addressing the inaugural session of the three-day North Tech Symposium in Prayagraj on May 4, 2026. The event was organised by the Indian Army’s Northern and Central Commands along with the Society of Indian Defence Manufacturers. Rajnath Singh Highlights Changing Nature of Warfare Singh stressed that rapid technological transformation is…
EU Agrees To Softer AI Rules After Industry Pressure European Union countries and lawmakers have reached a tentative agreement to ease parts of the bloc’s landmark artificial intelligence legislation, delaying several key obligations and reducing compliance burdens for companies. The deal, struck after nine hours of negotiations on Thursday, still requires formal approval from EU governments and the European Parliament in the coming months. EU Delays Key AI Act Provisions The revised agreement pushes back enforcement deadlines for high-risk AI systems until December 2, 2027, extending the previous August 2026 implementation target. The delayed rules apply to AI technologies involving…
FCA Investigates PayPal, Visa And Mastercard Over Digital Wallet Competition Britain’s Financial Conduct Authority has launched an investigation into PayPal, Mastercard and Visa over suspected anti-competitive conduct linked to PayPal’s digital wallet operations. The regulator said on Wednesday that the inquiry focuses on contractual agreements involving the funding and usage of PayPal’s digital wallet services. The move marks a rare use of the FCA’s powers to enforce competition law within the financial services sector. However, the regulator stressed that it has not yet reached any conclusions about whether UK competition rules have been breached. The investigation became public after PayPal…
Smartphone And Laptop Prices Rise As AI Boom Strains Memory Supply Consumers in India are facing rising prices for smartphones, laptops and other electronics as growing demand for artificial intelligence infrastructure tightens the global supply of memory chips. Technology companies are increasingly prioritising AI data centres, forcing manufacturers to divert critical components such as RAM and memory chips away from consumer devices. As a result, products including smartphones, laptops, gaming consoles, storage devices and televisions are becoming more expensive. AI Demand Pushes Up Memory Costs The rapid expansion of AI services such as ChatGPT, Claude and Gemini has sharply increased…
Global Stocks Rally As Oil Prices Fall On Iran Deal Hopes Global stock markets surged, oil prices declined and the U.S. dollar weakened on Wednesday after President Donald Trump claimed “great progress” had been made towards a “final agreement” with Iran. Investor optimism also received support from continued momentum in artificial intelligence-driven trades, which pushed technology stocks and global equity benchmarks to fresh highs. Oil Drops After Trump Signals Hormuz Pause Trump said the United States would briefly pause an operation escorting ships through the Strait of Hormuz, a key global shipping route that carries roughly one-fifth of the world’s…
Elon Musk Settles SEC Lawsuit Over Delayed Twitter Stake Disclosure Elon Musk has settled a civil lawsuit filed by the U.S. Securities and Exchange Commission over delays in disclosing his initial share purchases in Twitter, now known as X. The agreement brings an end to a prolonged legal dispute tied to his 2022 acquisition of the platform. Under the settlement, a trust in Musk’s name will pay a civil penalty of $1.5 million. However, he did not admit any wrongdoing and will not be required to forfeit the estimated $150 million he allegedly saved by delaying disclosure. The agreement remains…