News for nerds
China’s search engine giant Baidu Inc on Thursday unveiled its new autonomous vehicle (AV) with a detachable steering wheel, with plans to put it to use for its robotaxi service in China next year. Cost per unit will drop to Read more
Protesting truckers stopped traffic on Wednesday at a Northern California port, one of the busiest in the United States, as they demonstrated against a new state labor law that makes it harder for independent truckers to operate. Drivers picketed gates Read more
Europe’s Airbus, locked in a dispute with Dassault Aviation over the next stage of a Franco-German-Spanish fighter project, is thinking about other options but is focused on making the project work as planned, its chief executive said on Wednesday. Airbus Read more
General Motors (GM.N) and Ford Motor (F.N) have asked U.S. auto safety regulators to grant exemptions to deploy a limited number of self-driving vehicles without human controls like steering wheels and brake pedals. The National Highway Traffic Safety Administration (NHTSA) Read more
Europe is on edge about the restart of the Nord Stream 1 gas pipeline from Russia after annual maintenance is set to end on Thursday, with governments bracing for possible further supply cuts. A planned outage on the biggest single Read more
U.S. stocks ended higher on Wednesday with the tech-heavy Nasdaq booking a 1.6 % gain on positive earnings signals with a wary eye on inflation and more interest rate hikes by the Fed. Netflix Inc’s (NFLX.O) shares added 7.4% after Read more
Buyout giant Blackstone Inc (BX.N) has secured commitments worth $24.1 billion for its latest real estate fund, according to a regulatory filing on Wednesday. The size of the new fund, called Blackstone Real Estate Partners X, could go up to Read more