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Industry

Trump to impose up to 100 percent tariffs on drones and aircraft parts, 15 percent for South Korea

U.S. President Donald Trump said the United States will impose 100 percent tariffs on large drones and related parts and 25 percent tariffs on other drones. The measures also cover existing drone and parts imports into the United States and could affect the broader supply chain. Some countries, including the European Union, Japan, Liechtenstein, South Korea, Switzerland and Taiwan, receive a 15 percent rate, while Britain faces 10 percent, subject to strict origin requirements.

Crypto

UBS expands bitcoin spot ETF investment, buys 2.5 million shares of BlackRock\'s IBIT

UBS has expanded its bitcoin exposure by buying additional shares in BlackRock\'s spot bitcoin exchange-traded fund, according to a U.S. regulatory filing. The Swiss bank increased its holdings of BlackRock\'s iShares Bitcoin Trust, or IBIT, to about 2.5 million shares worth around $83 million. UBS also allocates funds to other bitcoin-related ETFs and premium income products, bringing its total crypto ETF holdings to about $90 million.

Industry

ETRI SDV technology becomes ITU-T\'s first international standard

Electronics and Telecommunications Research Institute (ETRI) software-defined vehicle (SDV) technology has been adopted as the first SDV international standard by the ITU-T, the South Korean science ministry and ETRI said. They said an SDV service recommendation and a technical report were formally adopted at an ITU-T Study Group 21 meeting in Geneva last month. The standard defines requirements for applications, service management and cloud-linked connectivity functions.