The Insurance Institute for Highway Safety has tested Volvo Pilot Assist and Tesla Autopilot software programs. The research has concluded that drivers engage in various activities and are distracted when using partial automation. Moreover, drivers do not comply with rules set by the carmakers.
Reuters have revealed that Vista Equity Partners and Blackstone intend to acquire Smartsheet in a purchase that would value the software firm at $8 billion.
The Financial Times have reported that the governments of Japan and United States have negotiated a deal to reduce tech exports to China. In general, the countries want to reduce semiconductor exports.
The smart glasses producer EssilorLuxottica has extended the firm's partnership with Meta Platforms. The two companies have entered a long-term contract that is aimed at the creation of new smart eyewear.
The rocket motor producer Ursa Major has received a $12.5 million contract from the Pentagon. The contract is set to allow the firm to build new production and testing facilities.
Data for August has revealed that Indonesian trade surplus reached a three-month-high level in August. The data passed market expectations.
Johnson & Johnson has managed to convince an Oregon judge to overturn the verdict that mandated the firm to pay out $260 million to 62,000 consumer claims that the firm's products were contaminated with asbestos.
The retail giant Amazon has mandated its office workers to work five days in a week at the office, starting from 2025. Namely, the firm is getting rid of remote work.
The US United Auto Workers union has filed charges against the United States car brand owner Stellantis. UAW claims that the firm has been ignoring the agreement between the union and the firm that was made in autumn of 2023.
Despite issues at the Swedish producer of truck batteries Northvolt, Scania has revealed that it will stick to the supplier and postpone the previously planned increased production of battery-electric trucks.
The US Presidential Administration has granted Intel Corporation $3 billion for the development of a Secure Enclave for microelectronics. In general, the term covers a wide array of weapon system components.
The research firm IDC has revealed that it expects the demand for virtual and artificial reality headsets to grow from 6.7 million per year to 22.9 million in 2028.
The CEO of Ryanair Michael O'Leary has stated that the ongoing Boeing strike might decrease the number of new received aeroplanes in the next summer from 25 down to 20.
In August, new home prices in China have declined at the fastest pace in nine years. The data indicates that stimulus measures failed to create a recovery of the real estate sector.
The Danish logistics giant DVS has revealed that it would buy the Deutsche Bahn's logistic subsidiary Schenker for a total of 14.3 billion Euro. The deal is set to make DVS the world's largest logistics firm.
After a two-year stop in production, Ford has revealed plans to restart production in India, Tamil Nadu. However, the firm is not revealing when the factory would start work or what it would produce.
The retail shop firm Seven & I Holdings has been classified by the Japanese government as core to the country's national security. The firm previously received a $38.5 billion buyout offer from a Canadian firm. The offer was rejected.
The government of Taiwan has commented that it expects to receive the new F-16V jets from Lockheed Martin by the end of 2024.
The German lender Deutsche Bank has increased the bank's expectations for the S&P 500 index. Bank's analysts expect the index to end the year at 5,750.00 instead of previously forecast 5,500.00.
The retail giant Amazon has announced that it would increase pay-outs in the Delivery Service Partners programme by a total of $2.1 billion. Namely, Amazon intends to pay more to its partner delivery firms that employ the brand's drivers.
The grocery firm, Kroger, has reduced its lower end annual sales forecasts. The firm has increased the minimum expected income due to a successful low price campaign.
Once again, McDonalds has extended the $5 promotion of its value meal deal. The offer has been extended into December in most US restaurants.
Reports have been coming in that Siemens will build a new high speed train production factory in upstate New York. The products of the firm will be used to construct high speed train infrastructure between LA and Las Vegas.
As demand for electric vehicles has continued to decline and competition from China has increased, auto producers have reduced their plans for electrification. The market firm Rho Motion has revealed that EV and hybrid sales in 2024 have grown below expectations.