Germany has declared last-minute opposition to a landmark European Union law to end sales of CO2-emitting cars in 2035, demanding that sales be allowed of new cars with internal combustion engines after that date if they run on e-fuels. The EU rules would require all new cars sold from 2035 to have zero CO2 emissions, […]
Search results for "X"
The AI Act is expected to be a landmark piece of EU legislation governing the use of artificial intelligence in Europe that has been in the works for over two years. Lawmakers have proposed classifying different AI tools according to their perceived level of risk, from low to unacceptable. Governments and companies using these tools […]
The U.S. government will not force Pfizer Inc and Astellas Pharma Inc to lower the price of their prostate cancer drug Xtandi using its emergency “march-in” authority, the National Institutes of Health (NIH) said on Tuesday. March-in rights, which have never been used before, allow the government to grant additional licenses to third parties for […]
Chinese President Xi Jinping met his “dear friend” Vladimir Putin in Moscow on Monday, seeking both to deepen economic ties with an ally he sees as a useful counterweight to the West and to promote Beijing’s role as a potential peacemaker in Ukraine. Xi was the first leader to meet the Russian president since the […]
The Biden administration has demanded that TikTok’s Chinese owners divest their stakes in the popular video app or face a possible U.S. ban, the company told Reuters this week. The move follows the introduction of a new U.S. legislation that would allow the White House to ban TikTok or other foreign-based technologies if they pose […]
Chinese search engine giant Baidu said on Friday it had won a permit to provide a fully driverless ride-hailing service in the Chinese capital of Beijing. With the permit, Baidu’s Apollo service will deploy 10 fully autonomous vehicles in a technology park developed by the government of Beijing, it said in a statement. The permit […]
Tata Consultancy Services (TCS) CEO Rajesh Gopinathan is resigning in an unexpected move to pursue other interests, adding to worries for India’s largest IT services provider amid slowing tech spending and challenges in its key markets. The company named its president and head of global financial services business K Krithivasan as the CEO-designate, effective March […]
Regulators at the U.S. Federal Deposit Insurance Corp (FDIC) have asked banks interested in acquiring failed lenders Silicon Valley Bank and Signature Bank to submit bids by March 17, people familiar with the matter said on Wednesday. The new auctions show how the FDIC is making a concerted effort to return the lenders to the […]
Zara owner Inditex’s spring-summer 2023 collection has flown off the shelves over the past six weeks, the fast-fashion retailer said on Wednesday, in a sign that sales are keeping pace after a strong 2022. Inditex has extended its lead over Swedish rival H&M, in part thanks to a less price-sensitive customer base. As the cost […]
The Biden administration has demanded that TikTok’s Chinese owners divest their stakes in the popular video app or face a possible U.S. ban, the company told Reuters on Wednesday. The move follows the introduction of a new U.S. legislation that would allow the White House to ban TikTok or other foreign-based technologies if they pose […]