Musk Predicts 90% of Driving Will Be Done by AI in 10 Years Elon Musk, CEO of Tesla, predicts that in 10 years, it will be rare for people to drive, with artificial intelligence (AI) handling 90% of driving tasks. On May 18, during a virtual appearance at the Smart Mobility Summit in Tel Aviv, Musk stated, "In five years, or at the latest in ten years, AI will be responsible for about 90% of driving distance in self-driving cars." He added, "In ten years, driving by humans will be quite exceptional." Musk also anticipates a rapid expansion of May 19, 2026

Trump Withdraws $10 Billion Lawsuit Against IRS Amid Fund Controversy Donald Trump has withdrawn his $10 billion lawsuit against the Internal Revenue Service (IRS). On May 18, documents submitted to the court confirmed that Trump voluntarily dismissed the lawsuit he filed against the IRS. In January, Trump claimed that the IRS and the Treasury Department failed to adequately protect sensitive tax information, resulting in financial and reputational harm. The lawsuit stemmed from a tax information leak involving former IRS contractor Charles Littlejohn, wh May 19, 2026

Hamas Appoints Mohammed Awdeh as New Leader in Gaza Hamas has appointed Mohammed Awdeh as its new leader in the Gaza Strip following the death of Izz al-Din al-Haddad, the head of Hamas's military wing, in an Israeli airstrike. On May 18, the Times of Israel reported, citing the Saudi outlet Asharq Al-Awsat, that Awdeh, who previously served as the intelligence chief for Hamas's military wing, the Izz al-Din al-Qassam Brigades, has been selected to lead the group in Gaza. The announcement came shortly after al-Haddad's death. According t May 19, 2026

Lee Ho-sung: A Leader Transforming Banking with Practical Financial Strategies Lee Ho-sung's leadership at Hana Bank begins in the field. He is not a strategist or policy-oriented leader but a hands-on financial professional shaped by years of experience in sales. However, the demands on a bank president today extend beyond mere sales skills. It requires the ability to decide where to allocate funds and how finance connects with industry. Lee has proposed 'productive finance' as the answer to this challenge.He aims to shift capital away from a real estate and collateral-ce May 19, 2026

Trump's Approval Rating Drops to 37% Amid Economic and Iran War Concerns President Donald Trump's approval rating has fallen to 37%. Concerns over the Iran war and dissatisfaction with the cost of living are undermining what was once considered his strong point: economic performance. According to a nationwide poll of registered voters released on May 18 by The New York Times and Siena College, Trump's approval rating has dropped to 37%. The Siena Research Institute noted that negative evaluations regarding the economy, cost of living, the Iran war, and immigra May 19, 2026

Gangnam Real Estate Prices Rise After End of Capital Gains Tax Exemption The real estate market is difficult to read. Owning a home is equally challenging. Government policies are no exception. This is where the tough 'real estate' perspective begins. The administration of President Lee Jae-myung has focused on stabilizing housing prices, starting in Gangnam. Since taking office, President Lee has prioritized housing price stabilization, stating, "We will do whatever it takes to control housing prices." He implemented a series of measures, including land tran May 19, 2026

Meta to Lay Off 10% of Global Workforce Amid AI Investment Expansion Meta, the parent company of Facebook, plans to notify its global workforce of a 10% reduction in staff as part of an effort to streamline its organizational structure in line with increased investments in artificial intelligence (AI). According to a Reuters report on May 18, Meta intends to announce the layoffs to its approximately 79,000 employees worldwide on May 20. This suggests that around 8,000 jobs may be affected. The layoffs will be communicated regionally, with Meta's Chief Peop May 19, 2026

Lebanon Death Toll Exceeds 3,000 Amid Ongoing Israeli Airstrikes The death toll in Lebanon has surpassed 3,000 due to ongoing clashes between Israel and the Lebanese militant group Hezbollah. Despite an extended ceasefire, Israeli airstrikes continue to escalate casualties. On May 18, the Lebanese Ministry of Health reported that since the fighting began on March 2, 3,020 people have died as a result of the conflict, including 292 women and 211 children. The ceasefire, which started on April 17, has recently been extended for an additional 45 days. Ho May 19, 2026

Putin to Visit China for Talks with Xi Following Trump's Trip Russian President Vladimir Putin is set to visit China for a state visit and hold talks with Chinese President Xi Jinping. This meeting follows U.S. President Donald Trump's recent trip to China, highlighting the ongoing diplomatic engagement among the U.S., China, and Russia. According to the Chinese Foreign Ministry and the Kremlin, President Putin will be in China for two days starting today, at the invitation of President Xi. The two leaders are scheduled to meet on May 20 in Beijing May 19, 2026

Mixed Results on Wall Street as Tech Stocks Retreat; Nasdaq Falls 0.51% Wall Street closed mixed as rising oil prices and U.S. Treasury yields weighed on the market, leading to profit-taking in technology stocks. The Nasdaq and the S&P 500 both declined, while the Dow Jones Industrial Average posted a slight gain. On May 18, the Dow Jones Industrial Average rose by 159.95 points, or 0.32%, to close at 49,686.12. The S&P 500 fell by 5.45 points, or 0.07%, to finish at 7,403.05, while the Nasdaq Composite dropped 134.41 points, or 0.51%, to end at 26,090.73. Th May 19, 2026