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Mobility

Tesla drops Cybertruck launch plans in Australia and New Zealand, refunds all deposits after 7 years

Tesla has officially withdrawn plans to launch its Cybertruck electric pickup in Australia and New Zealand, cancelling all existing reservations. The company emailed customers to inform them their orders were cancelled because production plans for those markets were halted, and said deposits would be fully refunded within 30 days. Reservations in Australia had been available since November 2019 with a A$150 deposit. The move comes after Tesla reported its 2026 third-quarter results.

Finance

Seoul Fintech Week 2026 opens, from financial AI to stablecoins

Seoul Fintech Week 2026 opens on Oct. 26 to discuss financial service innovation using artificial intelligence and ways for fintech firms to grow. The three-day event in Yeouido is co-hosted by the Seoul city government, the Financial Supervisory Service and Shinhan Financial Group. It includes an awards ceremony for the Finovation Challenge, sessions on AI transformation and AI agents, startup demo days, recruitment programmes and seminars on tokenisation and stablecoins.

Crypto

Ruling, opposition spar over digital asset tax as government says it will decide after review

South Korea\'s ruling and opposition parties clashed over a digital asset tax set to take effect in January. Democratic Party lawmaker Yoon Ho-jung said repeated delays have undermined policy consistency and noted major countries already tax digital assets. People Power Party lawmaker Lim I-ja raised concerns over fairness between domestic and overseas exchanges and said tax infrastructure remains insufficient. The government said it has not decided whether to proceed or delay again.