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Industry

Race heats up in autonomous driving technology as SDV competition intensifies

Sweden\'s largest industrial union IF Metall is ending a 1,021-day strike against Tesla after the company did not accept demands for a Swedish-style collective agreement. The union said the action lost effectiveness after participating members were effectively removed from the workplace. Separately, competition in autonomous driving is moving beyond development into real-world safety and stability, with attention shifting to accident response, regulatory hurdles for Tesla FSD in China and Europe, and Waymo’s robotaxi production expansion.

Crypto

IMF warns local-currency stablecoins may boost demand for dollar-pegged tokens

The International Monetary Fund warned that local-currency stablecoins could increase demand for dollar-linked tokens rather than reduce reliance on them. IMF First Deputy Managing Director Dan Katz said that if local and dollar stablecoins run on the same blockchain infrastructure, users could more easily move funds into digital dollars. He said on-chain currency conversion could bypass banks and money changers, reducing frictions used to monitor capital flows.

Crypto

Crypto industry restructuring spreads as Luno cuts 20 percent of workforce

Crypto exchange Luno will cut about 20 percent of its global workforce as restructuring spreads across the sector. Cointelegraph reported that Luno is reorganising to allocate more resources to institutional clients, financial infrastructure and business-to-business services. Chief Executive James Lanigan said automation investment and broad operational improvements have changed resource needs. Luno plans to reduce costs while continuing to invest in compliance, core infrastructure and retail products.