'Asia inflation has peaked’ – Morgan Stanley; China tech giants reveal algorithms; Ola Electric’s car by 2024

Inflation in Asia has peaked compared with other major economies such as the US and Europe, according to the chief Asia economist at Morgan Stanley. China’s tech giants, in an unprecedented move, have revealed details of their algorithms to the country’s government. And Bhavish Aggarwal aims to bring an Ola Electric car to market in 2024. Notes: Inflation in Asia has peaked compared with other major economies such as the US and Europe, according to the chief Asia economist at Morgan Stanley, CNBC reported yesterday. “Absolutely, inflation has peaked if you look at the data that’s already indicative of that. More importantly, going forward, we think you should see downside risks to inflation,” Chetan Ahya, from the investment bank told CNBC’s Squawk Box Asia on Monday. “Asia’s average inflation peaked at 5.5 percent and it’s already down” by about half a percentage point from there, Ahya told CNBC. The US peaked at 9 percent and Europe is also around 8.5 percent and 9 percent, he added. Ola Electric’s founder Bhavish Aggarwal yesterday announced plans for the company to build its first electric car, scheduled for a 2024 launch. He also launched the Ola S1, a more affordable version of the company’s electric scooter, Ola S1 Pro. Ola Electric will also expand its factories and mass-produce its lithium-ion cells. The car will go from 0-100 kph in 4 seconds, with a range of more than 500 kilometres per charge, according to Aggarwal. Ola will build three factories: a 40-acre two-wheeler facility, a 100-acre lithium-ion cell plant and a 200-acre four-wheeler factory, he said, in a live-streamed event. China’s biggest tech giants have shared details of their proprietary algorithms – the software behind their massive consumer success – with the country’s regulators, in an unprecedented move, as Beijing looks for more oversight over its domestic internet sector, CNBC reported yesterday. The Cyberspace Administration of China, one of the country’s most powerful regulators, released a list of 30 algorithms, with a brief description of their purpose, from companies including e-commerce behemoth Alibaba and internet giant Tencent, on Friday. Zoom users on a Mac should immediately manually update the video conferencing software, Ars Technica recommends. Zoom’s latest update fixes an auto-update vulnerability that could have allowed malicious programs to use its elevated installing powers, granting escalated privileges and control of the system, according to Ars Technica. The vulnerability was first discovered by Patrick Wardle, founder of the Objective-See Foundation, a non-profit Mac OS security group. Wardle detailed in a talk at Def Con – a well-known annual hacker conference – last week, how Zoom's installer asks for a user password when installing or uninstalling, but its auto-update function, enabled by default, didn’t need one. Wardle found that Zoom's updater is owned by and runs as the root user, according to Ars Technica. Theme music courtesy Free Music & Sounds: https://soundcloud.com/freemusicandsounds