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Hyundai Motor (KRX: 005380) Takes Full Control of Boston Dynamics in Deal Valued at About $325 Million
On July 16, 2026, Hyundai Motor Group announced that it will buy SoftBank’s remaining stake in Boston Dynamics for about $325 million, giving it full ownership of the robotics company. The deal reflects Hyundai’s continued investment in artificial intelligence, humanoid robots, and smart manufacturing. As more companies compete to develop advanced robotics, Hyundai is expanding…
Nvidia (NASDAQ: NVDA) Partners With Fanuc and Yaskawa to Accelerate AI-Powered Robotics Development
Nvidia confirmed Thursday, July 16, 2026, that it’s partnering with Japanese robotics giants Fanuc and Yaskawa Electric to accelerate AI-powered robotics development. CEO Jensen Huang announced at a media event in Tokyo, framing physical AI as the technology’s next major frontier. The move expands Nvidia’s Cosmos Coalition, a growing alliance built around its robotics software…
ICICI Lombard (NSE: ICICIGI) Shares Plunge 15% to 52-Week Low After Q1 Profit Drops 46%
On July 16, 2026, ICICI Lombard General Insurance shares fell nearly 15%, slipping to a fresh 52-week low after the company reported a 46% year-on-year decline in Q1 FY27 net profit. The earnings miss caught the market off guard and triggered heavy selling throughout the session. Higher claim payouts, additional reserve provisions, and weaker underwriting…
Jack Smith’s Team Obtained Texts From 44 Congress Members, Grassley Says
Former special counsel Jack Smith’s team obtained text messages from 44 Congress members during Trump investigation, bypassing DOJ filter protocols, Senate Judiciary Chair Grassley revealed July 14.
Hyundai Motor to Make Boston Dynamics a Wholly Owned Unit by Buying SoftBank Stake
Hyundai Motor Group is finalizing full ownership of Boston Dynamics this month. The automaker will buy SoftBank Group’s remaining 9.65% stake for $325 million. This move ends a multi-year ownership arrangement dating back to 2021. Hyundai originally paid $880 million for an 80% controlling stake that year. The deal values Boston Dynamics at a far…
Singapore AGO Flags S$25M in HDB Parking Lapses, 136 Audit Findings on July 15
Singapore’s AGO report flags S$25M in HDB parking lapses and 136 audit findings across government agencies. HDB, MOM, and MOH face major governance issues.
Nichirei Cyberattack Crushes 2871.T Stock 8.2% as KFC Japan Faces Closures
Nichirei stock plunges 8.2% after cyberattack disrupts frozen food logistics across Japan. KFC Japan warns of possible store closures and menu cuts due to supply chain breakdown.
Social Security 2027 COLA Projected at 3.8% as Inflation Cools, July 15
TSCL projects 3.8% Social Security COLA for 2027, raising average benefits by $73.62 monthly. Congress reintroduces Social Security 2100 Act but passage unlikely.
IKK Classic Raises Health Insurance Surcharge to 3.85% on July 15
IKK Classic increases supplementary health insurance contribution by 0.45 percentage points to 3.85% from August 1, 2026. Employees face up to €13 monthly increase; self-employed pay up to €26 more.