Business

Elon Musk Says Tesla Nearly Ready To Deliver Self-Driving Car

Elon Musk Says Tesla Nearly Ready To Deliver Self-Driving Car Previous updates to Autopilot were "rightly focused entirely on safety", he said . With V9, we will begin to enable full self-driving features. Electric cars get a lot of attention, but the electric motorcycle segment has been booming in the shadows for the past several years. [Full Article...]

Tesla cuts 9% of workforce in search for profit

Tesla cuts 9% of workforce in search for profit Elon Musk, Tesla's chairman, said on Twitter that the job cuts were "difficult, but necessary". "As part of this effort, and the need to reduce costs and become profitable, we have made the hard decision to let go of approximately 9 percent of our colleagues across the company", Musk wrote". [Full Article...]

Trump slams Trudeau, says United States won’t endorse G7 communique

Speaking with reporters on Monday at the Manitoba Legislature, the Premier voiced his concerns over the relationship between Prime Minister Justin Trudeau and President Donald Trump , which took a nose dive over the weekend at the G7 Summit in Quebec. [Full Article...]

Donald Trump, Kim Jong Un prepare for Singapore summit

In an interview with BBC ( who really got our geography wrong yesterday ), Minister of Foreign Affairs Vivian Balakrishnan confirmed what everyone was guessing a week ago : Singapore is indeed picking up the hotel tab for the North Korean contingent here. [Full Article...]

US President Trump arrives in Singapore for historic Trump-Kim summit

US President Trump arrives in Singapore for historic Trump-Kim summit The only logical explanation for Rodman's visit to Singapore would have to do with the fact that he has been closely associated with Jong Un and Trump in the past. Kim Yo Jong, the North Korean leader's sister, arrived aboard that jet. Mr Kim was driven to the city centre on Sunday in a stretch Mercedes-Benz limousine accompanied by a convoy of more than 20 vehicles. [Full Article...]

FIFA bans Ghana football boss for 90 days

FIFA bans Ghana football boss for 90 days This is by no means an admission of wrongdoing for issues on the video", the statement said. Kwesi Nyantakyi's apology and resignation come a day after the government announced a dissolution of the Ghana Football Association and hours after FIFA banned the embattled football president for 90 days. [Full Article...]

'The Band's Visit' bucks trend by sweeping Tony Awards

'The Band's Visit' bucks trend by sweeping Tony Awards De Niro said. "It's no longer 'down with Trump.' It's 'f*ck Trump!'" Actor Robert De Niro used the opportunity of the Tony Award ceremony to fling insults at the USA president. In the coming months, Sasson Gabai, the veteran Israeli actor who portrayed the lead role of Tawfiq in the film, will be taking on the role on Broadway as well. [Full Article...]

I’ll know ‘within first minute’ if North Korea is serious at summit

I’ll know ‘within first minute’ if North Korea is serious at summit PSCORE is a nonprofit that promotes reunification, raises awareness about human rights issues in North Korea , and helps defectors adjust to life in South Korea . "Within the first minute, I'll know". "That's why I feel positive, because it makes so much sense". His father was born in North Korea and escaped as a young child and the pair are hopeful the meeting could pave the way for reunifica... [Full Article...]

Please OPEC Please! The Energy Report 06/05/18

Please OPEC Please! The Energy Report 06/05/18 More generally, Brent has been pushed up by the voluntary production cuts put in place a year ago, led by the Organization of the Petroleum Exporting Countries (OPEC) and Russian Federation. The source said that after receiving Kazempour's request, the UAE's OPEC governor Ahmed al-Kaabi sought the advice of legal counsel. USA oil production is up 1.5 million bpd from a year earlier. [Full Article...]

ZTE to pay $1B penalty in deal with US Commerce Department

ZTE to pay $1B penalty in deal with US Commerce Department The deal which ZTE has agreed to would see the company pay a $1 billion fine, with $400 million in escrow should the company break the terms of agreement again. Ross added that if the company violates the new agreement, it could also be put under denial of export privileges again, too. ZTE has pledged to fire four senior employees and discipline 35 others as a result of the guilty verdict it r... [Full Article...]

Reserve Bank of India hikes key interest rate to 6.25%

Reserve Bank of India hikes key interest rate to 6.25% However, rather than wait for the threat of inflation to become clear, the panel advanced its action to proactively tame inflation. From the reply given by the Governor in the media interaction, it can be deduced that the RBI has no exchange rate objective, nor does it use the exchange rate as an instrument for managing inflation. [Full Article...]

Google pledges not to develop AI weapons

Google pledges not to develop AI weapons Google CEO Sundar Pichai announced the change in a set of AI principles released today. About 4,000 Google employees had signed a petition demanding "a clear policy stating that neither Google nor its contractors will ever build warfare technology ". [Full Article...]

Key ‘step forward’ in cutting cost of removing CO2 from air

Key ‘step forward’ in cutting cost of removing CO2 from air The research was released this week, showing that the process costs less than USD$ 600 per ton (as it was previously mentioned). Keith is also a founder and executive chairman of Carbon Engineering, a Bill Gates-funded company that has studied how to directly remove carbon dioxide from the atmosphere . [Full Article...]

Goodbye Mission E, Hello Porsche Taycan

Goodbye Mission E, Hello Porsche Taycan The company also marked the occasion by revealing a 911 Speedster Concept, an open-top version of its iconic sports auto. Ever since unveiling the concept, Porsche has been saying that the production version, which is expected to launch in 2019, will remain fairly similar. [Full Article...]

Jamie Dimon, Warren Buffett urge CEOs to end quarterly earnings forecasts

Jamie Dimon, Warren Buffett urge CEOs to end quarterly earnings forecasts Around that time, big companies like Coca Cola, UPS and AT&T said they would no longer give quarterly guidance. Dimon , is chairman of the Business Roundtable , an association of almost 200 CEOs that is also backing the push to eliminate so-called short-termism. [Full Article...]

Trump unloads on 'indignant' Trudeau for 'killing' United States agriculture

Trump unloads on 'indignant' Trudeau for 'killing' United States agriculture President that his unacceptable actions are hurting his own citizens". Other G-7 leaders, including British Prime Minister Theresa May and German Chancellor Angela Merkel, have also spoken out against the tariffs . "The G7 is an opportunity for us to get together and have frank, open discussions among nations who have always been allies and friends", Macron told reporters, with Trudeau at his s... [Full Article...]

Trump tariffs: Mexico retaliates against United States products

Trump tariffs: Mexico retaliates against United States products The global trade system "is a mess". "Simply put, Trump no longer sees the necessity of keeping allies happy at the expense of the American people, so he's trying to solve the free-rider problem", Schweller, a political science professor at Ohio State University, said in an email. [Full Article...]

Mexico strikes back at United States with tariffs on pork, steel, whiskey

Mexico strikes back at United States with tariffs on pork, steel, whiskey Mexico imports so much US pork - almost one-third of what's consumed - that the government says it will waive tariffs on up to 350,000 tons of pork imported from other nations to avoid destabilizing the market. Americans for Prosperity president Tim Phillips said the tariffs would "hamstring our full economic potential". "Mexico can adjust the composition of the list of products originating from... [Full Article...]

Qatar Airways CEO Akbar Al Baker's sexist comments don't fly

Qatar Airways CEO Akbar Al Baker's sexist comments don't fly In 2014, Qatar Airways defended policies on pregnancy and marriage for cabin crew after coming under fire over working conditions in the conservative Gulf emirate. Promises by the global airline industry to do more to promote gender equality veered off course when one of its top executives suggested his CEO role was too hard for a woman. [Full Article...]

Tesla shareholders reject bid to strip Musk of chairman role

Tesla shareholders reject bid to strip Musk of chairman role Tesla , which has talked about building a factory in Europe for years, plans to announce a location later this year, Mr. Musk said. The company has already demonstrated the ability to make 500 cars a day, or 3,500 a week, and should able to boost production even further in coming weeks. [Full Article...]


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