The Biden administration has initiated an investigation into the potential threats posed by smart car technology from China and other countries deemed concerning. The US Commerce Department is spearheading this probe with a focus on connected vehicles, which are essentially any cars equipped with internet access.
In an alarming series of events that underscored the heightened security concerns facing the nation, Capitol buildings across several states were evacuated and searched due to mass-emailed bomb threats.
The U.S. Department of the Treasury revealed that, as of last Friday, the federal debt has surpassed $34 trillion, setting a new record. This amount equals 1.2 times the U.S. GDP. Moreover, this milestone was reached faster than expected. The Congressional Budget Office had forecasted this debt level wouldn't be hit until the fiscal year 2029.
The US streaming market is facing a tumultuous period as inflation continues to bite into American living costs, making it increasingly challenging for streaming services to retain customers. Many companies are under intense pressure to cut costs and improve efficiency while trying to lower service prices and enhance value for money to survive in the market.
Manchester United's Jadon Sancho is reportedly on the brink of a sensational return to Borussia Dortmund, his former club. As the January transfer window unfolds, the talks between the two football giants are said to be advancing rapidly, with both parties keen on a deal that would see Sancho back in action in the Bundesliga.
L Catterton, the private equity fund of LVMH Group, has made another investment in a Chinese company, this time in the parent company of Blankme, a domestic makeup brand specializing in base makeup products.
Following a series of safety scandals, Daihatsu Motor Co., Ltd., a wholly-owned subsidiary of Toyota Motor Corporation specializing in the production of mini-vehicles, announced on the 25th that it would compensate 423 domestic suppliers with whom it has direct business relationships.