While the Obama Administration’s focused on safety issues vis-à-vis self-driving vehicles, the current administration aims to ease the rules of business. On Monday, the head of the U.S. Department of Transportation stated that U.S. President Donald Trump’s administration will unveil revised guidelines for self-driving vehicles in the coming months. The announcement follows calls by auto…
Efforts are being made to make the U.S. ban more effective by coordinating with European officials. During an aviation industry meet on Monday, Oscar Munoz, the CEO of United Airlines disclosed that the Trump Administration’s ban on laptops is likely to be related to explosives being disguised as laptops which could be directly detonated onboard…
Paul Polman, CEO of Unilever said in a television interview that the counter-intuitive effect of speeding the pace of meeting environmental goals would be a result of U.S. President Donald Trump’s decision to abandon the Paris climate pact. “You see groups of mayors, states, the business community, civil society really accelerating its pace of implementation,” Polman…
There can be a shortage of steel for the world’s top steelmaker. A shortfall of the key product helps to explain a divergence between the price of the commodity it digs up with the alloy it’s made into, says iron ore miner Fortescue Metals Group Ltd., and it adds that China has a lack of rebar.…
Given Foxconn’s deep ties with China, Japan is likely to block any move that will risk the transfer of sensitive technology to outsiders. On Monday, Japanese business daily, Nikkei has reported quoting Terry Gou, Foxconn’s chairman say saying, Amazon.com Inc and Apple Inc will be joining forces with Foxconn for a bid of Toshiba’s chip…
The difference in approach to Apple’s and Amazon’s personal assistant is telling. Following Amazon’s lead, Apple is expected to announce its plans this coming week for expanding Siri, its voice assistant, to a large variety of app, in efforts aimed at mirroring Amazon’s runaway success with Alexa. However, engineers and artificial intelligence insiders state, instead…
Toyota is funding the move given the immense brand visibility and marketing potential. In a significant breakthrough, On Saturday, Toyota Motor Corp along with engineers demonstrated their flying car with which they hope to light the Olympic flames for the opening ceremony of the Tokyo 2020 Summer Games. In 2014, a group of 30 engineers…
Some countries are likely already eyeing the positives from the move, experts said, even as U.S. President Donald Trump’s decision to exit an international climate agreement sparked outrage from many quarters. “This opens up opportunities for other countries to occupy the power vacuum that the U.S. is leaving when it pulls out of these sorts of agreements,” said director…
A refresher course in good behavior is being provided by traders in the $5.1-trillion-a-day currency market. How the document’s 55 principles will affect their jobs on a daily basis were weighed by market participants was highlighted in the publication of the FX Global Code last week. The 55 principles were crafted by industry leaders and central bankers…
It was a human element and not an equipment failure, as earlier thought. On Friday, the Times has reported that last week’s chaotic scene at British Airways was caused by a contractor who inadvertently switched-off the power supply at one of its data centre. The innocent mistake knocked out its computer systems and left 75,000…
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