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Airbus frets over global trade tensions amid EU-China spat Jun 12, 2024 01:29PM

By Tim Hepher

PARIS (Reuters) - Europe's Airbus on Wednesday highlighted the impact of growing trade tensions after Europe followed the United States in increasing tariffs on Chinese electric vehicles.

Asked to comment on a European Commission decision to impose extra duties of up to 38.1%, a spokesperson for the world's largest jetmaker did not comment directly on the move but said that trade tensions were challenging for global... (continue reading...)


US agency seeks answers from Waymo in self-driving vehicle probe Jun 12, 2024 01:23PM

WASHINGTON (Reuters) - The National Highway Traffic Safety Administration said Wednesday it is seeking additional details about a series incidents that raise concerns about the performance of Alphabet's Waymo self-driving vehicles.

In May, the U.S. auto safety regulator opened an investigation after 22 reports of its robotaxis exhibiting driving behavior that potentially violated traffic safety laws, or demonstrating other "unexpected behavior,"... (continue reading...)


Factbox-Tesla shareholder meeting: How investors are voting on Musk's $56-billion pay package Jun 12, 2024 01:19PM

(Reuters) - Investors will vote on Tesla CEO Elon Musk's $56-billion compensation package and the company's reincorporation in Texas, from Delaware, at a consequential shareholder meeting this week.

Analysts have flagged risk of the billionaire potentially leaving the electric-vehicle maker and prioritizing artificial intelligence startup xAI and social media platform X if the pay package does not pass.

Here are some institutional... (continue reading...)


Crypto firm Terraform Labs agrees to pay $4.47 billion to resolve dispute with SEC Jun 12, 2024 01:14PM

(Reuters) - Crypto firm Terraform Labs has agreed to pay $4.47 billion to resolve a lawsuit filed by the Securities and Exchange Commission, the regulator said on Wednesday.

(Reporting by Niket Nishant in Bengaluru; Editing by Anil D'Silva)


Brazil police accuse Lula minister of corruption, sources say Jun 12, 2024 01:14PM

By Ricardo Brito

BRASILIA (Reuters) - Brazil's federal police have formally accused Communications Minister Juscelino Filho of passive corruption and other crimes, sources said on Wednesday, making him the first member of President Luiz Inacio Lula da Silva's current cabinet to face such allegations.

Police investigated Filho in a probe of alleged corruption at Codevasf, a government-linked development agency for the Sao Francisco and... (continue reading...)


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