Tesla braces for its first trial involving Autopilot fatality
Tesla Inc (TSLA.O) is set to defend itself for the first time at trial against allegations that failure of its Autopilot driver assistant feature led to death, in what ...
UK proposes probe into large land holdings of top homebuilders
Britain’s competition regulator plans to propose a deeper probe into the large amount of land controlled by top homebuilders and into high charges arising from difficulties in handing over ...
Credit Suisse posted $4 billion loss in second quarter
Credit Suisse, which is now a subsidiary of UBS (UBSG.S), posted a loss of 3.5 billion Swiss francs ($4.0 billion) in the second quarter of 2023, according to a report in the ...
After Turkey’s giant rate hike, foreign investors mull return
Turkey’s latest massive interest rate hike has caught the attention of long-sceptical foreign investors who say they could return to Turkish assets if authorities continue to demonstrate that a ...
Parts makers risk cash crunch in a Detroit auto strike
Many smaller US manufacturers that supply parts to the Detroit Three automakers will be at risk if a long United Auto Workers strike shuts down assembly lines starting next month, ...
Restoring sight to the blind with cutting-edge brain implants
European researchers are striving to improve the technology that could one day help blind people see again.
By Anthony King
Berna Gomez, a former science teacher from Spain, became a ...
Britain’s John Lewis to recruit for 10,000 jobs
British retailer the John Lewis Partnership said on Friday it is recruiting for more than 10,000 jobs over the coming months – 1,700 permanent positions and over 8,400 seasonal roles.
The employee-owned partnership trades ...
Nike shareholders push for more reporting on pay equity
Proxy advisory firm Institutional Shareholder Services recommended on Wednesday that Nike (NKE.N) investors vote for a resolution calling on the company to disclose more data on pay equity for ...
Nvidia adds jet fuel to AI optimism with record results, $25 billion buyback
Nvidia (NVDA.O) far exceeded expectations with its quarterly revenue forecast on Wednesday as an artificial-intelligence boom fueled demand for its chips and said it would buy back $25 billion in ...
Germany plans to double AI funding in race with other countries
Germany plans to almost double its public funding for artificial intelligence research to nearly a billion euros over the next two years, as it attempts to close a skills gap ...
Google vows more transparency on ads as new EU rules kick in
Google will provide more information on targeted advertisements and give researchers more access to data on how its products work, to comply with landmark European Union online content rules, the ...
Roark Capital to buy sandwich chain Subway for up to $9.55 bln
Private equity firm Roark Capital agreed on Thursday to buy Subway, in a deal that people familiar with the matter said values the US sandwich chain at up to $9.55 billion, ...
Lockheed’s Sikorsky wins $2.7 billion US Navy contract
Sikorsky, a unit of Lockheed Martin (LMT.N), said on Thursday it was awarded a $2.7 billion contract by the US Navy to build 35 additional CH-53K helicopters.
The CH-53K ...
Moscow demands bigger discounts from foreign companies exiting Russia
Some foreign companies trying to exit Russia are facing a big jump in costs as Moscow is demanding bigger discounts on the price tags of assets they want to sell, ...
Stocks swoon, dollar firms as Powell speech looms
Asian stocks sold off and the dollar scaled an 11-week peak against major peers on Friday as investors braced for the risk of a hawkish tilt from Federal Reserve Chair ...
German economy stagnates in second quarter after winter recession
The German economy stagnated in the second quarter compared to the previous three months, following a winter recession, data from the statistics office showed on Friday.
The figure of zero ...
US sues SpaceX, alleges hiring discrimination against asylum recipients, refugees
The US Justice Department sued Elon Musk-owned rocket and satellite company SpaceX on Thursday for allegedly discriminating against asylum recipients and refugees in hiring.
“The lawsuit alleges that, from at ...
Fashion retailer H&M to reopen most Ukraine stores
Fashion retailer H&M (HMb.ST) will reopen most of its stores in Ukraine, beginning in November of this year, the Swedish company said in a statement on Thursday.
...
Fed coming up snake eyes in its battle with spend-happy consumers
The new Caesars casino in Danville, Virginia, is a temporary facility reminiscent of an airplane hangar and with limited food and drink options.
It still saw 400,000 visitors lay out more ...
UK retail sales slide by most in over two years
British retail sales fell in August at the fastest rate since March 2021 and most stores are expecting another tough month ahead, an industry survey showed on Thursday.
The Confederation of ...
UK economy shows signs of slowdown as BoE rate hikes mount
Britain’s economy is slowing and might be heading for a recession as it feels the impact of 14 back-to-back interest rate increases by the Bank of England to fight high ...
New Boeing 737 MAX supplier defect to delay aircraft deliveries
Boeing (BA.N) has recently identified a new 737 MAX quality problem involving supplier Spirit AeroSystems (SPR.N) that has resulted in improperly drilled holes on the aft pressure bulkhead, the ...
BRICS invites six nations to join developing world bloc
Leaders of the BRICS group of developing nations have invited Saudi Arabia, Iran, Ethiopia, Egypt, Argentina and the United Arab Emirates to join, in a move aimed at growing the ...
Bounce in European property stocks: false start or turning point?
It’s hard to be bullish about real estate in an environment of sharply higher interest rates. Yet unloved property stocks in Europe staged a surprise rally this summer, suggesting ...