Author: Press Room

The hype cycle of driverless cars is on yet another depressing downswing. Last week, Tesla boss Elon Musk admitted that full self-driving software was not yet ready to be used without someone sitting behind the wheel. Mobileye, Intel’s autonomous driving unit, cut its valuation expectation from $50bn down to $16bn. Multiple media outlets have published stories mocking the sector for its failings after billions of dollars of investment. The peculiar thing is that this has all happened just as robotaxis arrive on the streets of San Francisco. For $10 or so, you can catch a driverless car from the famous…

CONCOW, Calif. — Some survivors of California’s deadliest wildfire continue to live in trailers, tents and makeshift homes nearly four years later as they wait for payments from a trust set up to compensate them.The PG&E Fire Victim Trust has paid less than half, or $5.2 billion, of the more than $13 billion owed to survivors in the two years since it was established, according to the latest data.The trust was created in 2020 after Pacific Gas & Electric, the utility found responsible for causing the fire, declared bankruptcy following the 2018 Camp Fire, which killed 85 people and displaced…

The UK government’s de facto windfall tax on low carbon electricity companies will have “catastrophic consequences” for investment in green technologies such as wind and solar, energy companies have warned.Energy UK, a trade body that represents companies including Centrica, EDF Energy, ScottishPower and SSE, this weekend joined criticism of the government’s revenue cap on low carbon electricity generators, which was confirmed by Liz Truss’s government before she stepped down as prime minister. The policy, which was introduced to raise funds for the government’s energy bills support scheme for households and could remain in place until the end of 2027, is…

Japanese authorities are likely to have spent more than $30bn last week in their second intervention in a month to prop up the yen after it fell to a fresh 32-year-low against the dollar, according to estimates by traders.The intervention conducted on Friday came after the yen hit ¥151.94 to the dollar, causing it to briefly surge to ¥144.50 during a typically quiet time of the week for trading. The yen closed around ¥147 on Friday. During a visit to Australia over the weekend, Fumio Kishida, Japan’s prime minister, said the government would take “appropriate measures” to address excessive volatility…

Figure SkatingIlia Malinin landed a first quadruple Axel at an ISU Grand Prix when competing at Skate America. The 17-year-old received a rapturous response at the event after landing the Axel as he produced a brilliant free skate programme to land Skate America gold on Saturday.00:05:11, an hour ago Source: Euro Sports

In Australia, a farmer takes their own life every 10 days and are 60 per cent more likely to do so than non-farmers. Shadow Veterans’ Affairs Minister Barnaby Joyce says, “we come up with laws that are really good for the city, but in the country they just shut out your social life”. “If you shut out your social life that means the person becomes their own psychologist,” Mr Joyce said.“You have to be able to say, ‘okay, that’s not a rational thought’, and you’ve got to work it out for yourself … and say, ‘okay, I’ve got to go…

Diwali seems to be everywhere this year. More and more major brands are recognizing the festival of lights, running ad campaigns and stocking products related to the holiday in the US. South Asian Americans who celebrate Diwali can now pick up fireworks from Costco, greeting cards from Hallmark and party decorations from Target. Diwali, also known as Deepavali, is one of the most important festivals in Hinduism. The holiday also has significance for Sikhs and Jains, and is celebrated not just in India, but in Nepal, Malaysia, Singapore and other countries with South Asian diasporas. The growing acknowledgment of the…

Home team in CAPS: Sunday Packers (-5.5) over COMMANDERS At this point, you have to consider that Aaron Rodgers’ peak days are pretty much behind him. He has had a great career under center with “command of the table,” as poker players say, but we’re not sure the Pack as currently constituted can bring home one more. Still, this price is within reach, thanks to this modest foe. More than a little surprised at the opener — given the Jags’ respectable straight-up losses vs. NFC-based opponents. Though the Giants did drop their last pair against this foe, Jacksonville has had…

CNN  —  A packed legislative to-do list awaits Congress when it returns to session after the midterms – and Democrats, who currently control both chambers, will face a ticking clock to enact key priorities if Republicans win back the House or manage to flip the Senate in the upcoming elections. Senate Majority Leader Chuck Schumer has predicted an “extremely busy” lame duck session – the period of time after the midterms and before a new Congress begins in January. “We still have much to do and many important bills to consider,” Schumer said in remarks on the Senate floor at…

Former President Donald Trump tells Fox News that he’d consider it “very disloyal” if members of his former administration end up running against him in the upcoming race for the 2024 Republican presidential nomination.The former president, who repeatedly teases that he’ll launch another White House bid, may not be the only member of his former administration to run in 2024, as former Vice President Mike Pence, former Secretary of State Mike Pompeo, and former ambassador to the United Nations Nikki Haley have all been making plenty of early moves ahead of potential or likely presidential campaigns.”Many of them have said…