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South Africa clinch the World Test Championship final; break ICC trophy jinx after 27 years

South Africa clinch the World Test Championship final; break ICC trophy jinx after 27 years

Economic Times10 hours ago

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Elon Musk's X sees partial recovery after Downdetector shows outages for thousands of US users
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Elon Musk's X sees partial recovery after Downdetector shows outages for thousands of US users

Elon Musk's social media platform X, formerly known as Twitter, was down for thousands of users in the United States on June 14, data on outage tracking website showed. At time of writing, more than 10,000 incidents were reported by X users on Downdetector. The tracking site functions by collating user-submitted status reports from a number of sources. Thus, he actual number of affected users may be higher. Later Reuters reported that X was showing signs of recovery with disruption reports having dropped to around 1,041 By 7.47 pm ET. X did not respond to queries immediately, the report added. There were multiple outages for X users across various countries in May. And earlier in March too, Elon Musk had claimed a similar outage was due to a cyberattack at X. On May 27, X users in the India, the US, and other countries experienced disruption in a series of frequent network interruptions. In the previous week, users in Australia, Canada, France, Germany, Spain, and the United Kingdom also reported issues with X. Later on May 31, the X app was down for over 34,000 users just as owner Elon Musk appeared at the White House to declare his departure from DOGE. The world's richest man moved on from his role as 'special government employee' in the Trump administration in May, by resigning as Chief of the Department of Government Efficiency (DOGE). The billionaire's Washington stint came after he spent close to $300 million funding US President Donald Trump's presidential campaign, and for other Republican leaders in 2024. At the time, Elon Musk said his focus would now be solely on his businesses and he would resume working '24/7' at his companies. He posted on X, 'Back to spending 24/7 at work and sleeping in conference/server/factory rooms. I must be super focused on X/xAI and Tesla (plus Starship launch next week), as we have critical technologies rolling out. As evidenced by the X uptime issues this week, major operational improvements need to be made.'

Magnet mayhem! Number of Indian companies awaiting licences from China for rare earths doubles; industry supplies hit hard
Magnet mayhem! Number of Indian companies awaiting licences from China for rare earths doubles; industry supplies hit hard

Time of India

timean hour ago

  • Time of India

Magnet mayhem! Number of Indian companies awaiting licences from China for rare earths doubles; industry supplies hit hard

52 India-based companies depend on Chinese magnets for supplying to automobile manufacturers across the country. (AI image) China's hold on rare magnets sends Indian industry supply in tailspin! The count of Indian firms seeking permits from China's commerce ministry for rare earth magnet imports has risen to 21 from 11 in a fortnight. This development follows China's April 4 directive requiring exporters of medium and heavy rare earth magnets to obtain a commerce department licence after securing an end-user certificate from the purchaser. The certificate requires specific assurances from buyers. According to an ET report, the applicants include Bosch India, Marelli Powertrain India, Mahle Electric Drives India, TVS Motor and Uno Minda. Following a procedural rejection, Sona Comstar has submitted a fresh application and is now amongst the 21 companies awaiting approval, confirmed a senior industry official. Data from the Society of Indian Automobile Manufacturers shows that 52 India-based companies depend on Chinese magnets for supplying to automobile manufacturers across the country. Also Read | 'No basis to seek…': US disagrees to India asking for WTO consultations on auto tariffs; calls it 'essential security exception' An official was quoted as saying, "These companies have duly filled in and got endorsed the end-user certificate and shipped the requisite documents to their suppliers for procuring rare earth magnets from China, but licences are yet to be awarded by the government there." Sticky situation on rare magnets The certificates stipulate that these materials will not be utilised for storing, manufacturing, producing or processing weapons of mass destruction and their delivery systems. Rare Earth Problem: India hit due to US-China tariff friction Indian diplomatic officials are attempting to engage with Chinese authorities to address the issue through dialogue, but progress remains limited thus far, according to sources. Despite originating as a response to US President Donald Trump's tariffs, the US has now secured a bilateral agreement with China for rare earth magnet supply. European automotive component manufacturers have received approval for rare earth magnet sourcing, but their Indian counterparts still await clearance from China's commerce ministry. Experts note that strained political and business relations between the two countries complicate the situation. Industry participants are concerned about potential production disruptions if licensing delays continue, as inventory levels are expected to deplete by early July. India's imports of rare earth magnets totalled 870 tonnes, valued at ₹306 crore in 2024-25. "While the value of imports compared to the industry size is minuscule, vehicles cannot be manufactured even if we are short of one component where a rare earth magnet is being used," said an executive. Also Read | Big worry! China's grip over rare earth magnets sends Indian auto industry into a spin; delegation of industry people eye China visit Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now

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