New measures come as property woes drag Moon approval rating. Tax burden to rise for multiple-home owners, Hong says.South Korea’s government said it will raise property taxes for multiple-home owners, marking the latest action to curb excessive house price gains that have fueled public discontent over inequality and property speculation.In a Friday statement, Finance Minister Hong Nam-ki apol...

While going to the aquarium is a great way to learn about sea creatures, some have raised concerns about the animals’ quality of life. But one company in New Zealand has a very unique solution.Edge Innovations, a company in New Zealand, is working with some of Hollywood’s best animatronic effect creators to make robotic dolphins that will be nearly indistinguishable from real-life animals, Th...

In a pandemic, passengers are wary of shared mobility. However, insights gleaned from our new global auto consumer survey can help pave the way toward a strong recovery—if done right.Within a matter of months, the global coronavirus pandemic has disrupted economies and afflicted millions of patients around the world. With many governments instituting lockdown measures, people practicing physic...

AI startup Abacus.ai today announced the close of a $13 million series A round for its cloud platform for AI services. The company was founded last year by a team with experience scaling AI projects at AWS and Google,Including BigQuery cocreator Siddartha Naidu, former AWS manager of AI vertical services Bindu Reddy, and former Uber engineer Arvind Sundararajan. The company also announced today...

Our index reckons China’s economy is bigger than the World Bank thinks.AMERICA'S ECONOMY did not exceed China in size until the 1880s, according to the Maddison Project at the University of Groningen. The two now rival each other again. Because China’s workers are 4.7 times as numerous as America’s, they need be only a fraction as productive to surpass America’s output. No fewer than 53 cou...

Nearly half of wealthy individuals may move out of cities permanently, according to a new study on lasting life changes after coronavirus.In a survey of 3,750 wealthy investors, "forty-six percent may forsake cities for less populated areas," says UBS, a Swiss bank which conducted the poll.It is just one of the ways in which the wealthy are looking to change their lives for good. Around three q...

In not so distant future, Robert Schäfer has envisioned that our future cleaning system would be robots. Inspired by the growing popularity of automatic and autonomous products and vehicles, it’s no brainer that the future of public service is robotic technology. This project demonstrates autonomous municipal street cleaner that focuses on workflow, functionality and design. It’s highly poss...

In just a few short decades, the world of online gaming has exploded in popularity. Estimated to reach $196 billion in revenue by 2022, it is now considered to be one of the fastest growing industries on the planet.The infographic above explores the humble beginnings of the online gaming market and dives into the technological possibilities driving its future.The Birth of Online GamingAlthough...

Apple AirPods is expected to have a new feature that will allow your AirPods to automatically switch to a voice call on your iPhone when a video is being played on your connected iPad or laptop without any manual selection.Because of the ongoing COVID-19 pandemic, Apple’s worldwide developer conference (WWDC 2020) was live-streamed online. The event was packed with big announcements and genera...