Burchett rips Johnson, Thune over FAA funding: 'Step up to the daggum plate'

Korea’s largest-ever antitrust fine will cut into this year’s earnings at the brokerages and banks that underwrite government debt, but it is unlikely to weaken their capital buffers, according to Korea Investors Service (KIS), a Moody’s affiliate. In a report released earlier this week, the credit rating agency said the penalties imposed by the Korea Fair Trade Commission (FTC) will make “a short-term decline in profitability unavoidable,” especially at the firms facing the largest penalties. It added that their capital strength and the earnings they built up in the first half should be enough to absorb the cost, creating a formidable yet manageable financial hurdle for the country's primary financial institutions. The regulatory crackdown stems from an investigation into primary dealers in Korea's sovereign debt market. The FTC issued corrective orders on Wednesday and imposed roughly 1.6 trillion won ($1.2 billion) in combined fines on 15 financial institutions — all designated primary dealers responsible for underwriting Korea Treasury bonds — for restricting competit

The ICT ministry said Saturday it will inspect disruptions to domestic companies' operations following a global outage of tech giant Microsoft's services. Microsoft 365 services experienced disruptions earlier this week, with some companies in the country reporting difficulty accessing their emails Friday. The Ministry of Science and ICT said it plans to check the restoration of the company's services and possible damage to users in South Korea by working with Microsoft Korea. It added that it will form a joint emergency response team with the company to continue monitoring the situation.

Democrats have spent the first half of the second Trump presidency openly questioning how Elon Musk has wielded influence over the federal government. Soon, they will have the chance to ask him directly. Fresh off a sweeping victory in the midterm elections, Senate Democrats are keen to use their new majority to investigate Musk and...

The patch-and-pray era is ending.  October 2026 has delivered an extraordinary cluster of critical security disclosures, including flaws in foundational internet infrastructure. Some are calling it “Black October.” Others call it the start of the “Vulnpocalypse.” Regardless of the label, AI-accelerated discovery is surfacing bugs faster than anyone can fix them, and the exploitation windows

Counter-Strike fans turned out in force as MOUZ and Team Falcons delivered some early surprises in Hong Kong.

Air Space Intelligence (ASI), the company behind a recently deployed Federal Aviation Administration (FAA) AI tool, denied any link to the nationwide ground stop issued Friday afternoon. “The current ground stop is not based on or a result of the SMART system, any product of ASI or our integration with FAA and ATC,” the company...

Trump administration officials reupped their calls for a multi-billion-dollar investment into updating the U.S.'s "incredibly old" air traffic control systems, calling out Congress for "[kicking] the can down the road" on improvements they argued could have prevented Friday night's nationwide ground stop. “What we have is an incredibly old air traffic control system,” Transportation Secretary...

Macao has a replica of Venice built inside a casino resort, complete with gondolas and a painted sky. Kerala has Alappuzha, which tourism brochures have called the Venice of the East for longer than anyone can remember. Two small places, two Venices, and one shared headache: both are tired of being known for one thing. […] The post Two Venices, one problem: What Kerala can learn from Macao’s tech makeover appeared first on e27.

Travellers can unlock perks at merchants in 7 countries and stores like Don Quijote, Shake Shack and 7-Eleven, without juggling multiple apps or loyalty programmes.

Editor's Note: Sens. Bernie Sanders (I-Vt.) and Elissa Slotkin (D-Mich.) earlier this week said they would not back Sen. Chuck Schumer (D-N.Y.) for another term as Democratic leader. Slotkin has said she is seeking change, and that a new leader would need to show a plan for the first 100 days. An earlier version of...

Uber disclosed this week an unauthorized third party improperly accessed the ride-hailing platform's data, according to a notice shared by the California attorney general’s office. In the notice, dated Nov. 10, the company said a service provider notified them of the incident a month prior. The platform then conducted an investigation, which found the unauthorized...

“I hope this email finds you well.” It apparently has not. Filipinos woke up today to an outage of Microsoft cloud services including Microsoft Outlook, MS Teams, and Office 365, the premiere suite for the backbone of most global enterprises across different industries. It has been more than 12 hours since the outage and Microsoft