Tesla Inc disclosed on Tuesday the U.S. Justice Department has sought documents related to its Full Self-Driving (FSD) and Autopilot driver-assistance systems as regulatory scrutiny intensifies. The automaker said in a filing it “has received requests from the DOJ for documents related to Tesla’s Autopilot and FSD features.” Reuters reported in October Tesla is under […]
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The White House is launching a partnership with India on Tuesday that President Joe Biden hopes will help the countries compete against China on military equipment, semiconductors and artificial intelligence. Washington wants to deploy more Western mobile phone networks in the subcontinent to counter China’s Huawei Technologies, to welcome more Indian computer chip specialists to […]
ABB has sold more of its electric vehicle (EV) charging business to four investors including a fund linked to former U.S. Vice President Al Gore, the Swiss engineering company said on Wednesday. The investors paid 325 million Swiss francs ($355 million) for a combined 12% stake in the E-Mobility business in a second and final […]
The European Commission proposed a plan on Wednesday to try to ensure Europe can compete with the United States as a manufacturing hub for electric vehicles and other green products and reduce its dependence on China. Commission President Ursula von der Leyen announced a loosening of EU state aid rules, a repurposing of existing EU […]
Britain’s finance ministry plans “robust” regulations for crypto assets, following the collapse of crypto exchange FTX last year, which left millions of people nursing billions of dollars in losses. Crypto is currently unregulated globally, with firms only having to carry out checks to prevent money laundering. However, Britain’s Financial Conduct Authority (FCA) has said that […]
Japan and the Netherlands will soon agree to join the United States in restricting exports of semiconductor manufacturing equipment to China, Bloomberg News reported. Talks between the countries will conclude as early as Friday, with the Netherlands restricting ASML Holding NV from selling machines to China used to make certain types of advanced chips, Bloomberg […]
The rapid take-up of electric vehicles in India’s fledgling market has prompted a major rethink about the country’s long-term fuel needs as refiners in Asia’s third-largest economy hasten their shift away from oil production. India, one of the world’s fastest growing oil markets, has lagged major economic peers in Europe and Asia in the adoption […]
The U.S. economy grew faster than expected in the fourth quarter, but that likely exaggerates the nation’s health as a measure of domestic demand rose at its slowest pace in 2-1/2 years, reflecting the impact of higher borrowing costs. The Commerce Department’s advance fourth-quarter gross domestic product report on Thursday showed half of the boost […]
A landmark lawsuit by the U.S. Justice Department against Alphabet’s Google over its dominance of advertising technology could help rivals and websites that sell ad space, but leaves an uncertain future for the advertisers themselves, experts told Reuters. The Justice Department’s complaint against Google on Tuesday called for the company to divest Google Ad Manager, […]
An industry body set out a global framework on Thursday for trading derivatives linked to cryptoassets to avoid FTX-style collapses sowing confusion over ownership. The International Swaps and Derivatives Association (ISDA) published guidance for trading digital asset derivatives to clarify what happens when things go wrong in an underlying market, such as the collapse of […]