Tesla faces call to delay robotaxi launch in Austin until new law takes effect
The law, awaiting the governor's signature, would require autonomous vehicle companies to obtain permits to operate in the state
Honda to use Helm.ai’s multi-camera vision system in EVs for hands-free driving
Helm.ai Vision uses images from multiple cameras to generate a bird’s-eye view of urban environments to support vehicle control
China approves some rare earth export licences, commerce ministry says
China's rare earth exports are under international scrutiny, as some countries shift production and sourcing away from China
Iran strikes Tel Aviv stock exchange building in missile attack
Tel Aviv index climbs 4.26% after Iran missile hits stock exchange building
Apple aims to cut chip design time with AI tools
Apple finds advanced tools from design software firms key to chip development, says SVP hardware technologies
Russia says it could act jointly with the US and Saudi Arabia to stabilise oil markets
It is early to talk about concrete joint action yet but based on an earlier precedent, such action is possible, says chief of Russia's sovereign wealth fund
Norway cuts interest rate to 4.25% as inflation eases
Core inflation slows to 2.8% in May, down from previous months but still above the bank’s 2% target
Japan’s LNG demand rises as AI boom and energy plan boost power needs
Energy use in Japan is expected to rise by 12% to 22% by 2040, with power generation reaching between 1,100 and 1,200 terawatt-hours
Swiss National Bank warns of global economic uncertainty
Swiss National Bank cites trade tensions, high debt, and stretched markets as global risks
LA Lakers to be sold in $10 billion NBA record deal, says ESPN
The agreement would mark the largest-ever sale of a professional sports team
Microsoft considers ending talks with OpenAI over equity disagreement
Microsoft is prepared to keep the current deal in place unless a new offer improves its position
Bank of England keeps interest rate steady at 4.25% amid global risks
The BoE says Interest rates will move gradually and carefully, though they are not on a fixed path
Nike delays launch of women’s brand with Kim Kardashian’s Skims
Both sides are taking more time to finalize the product, a Nike spokesperson says
Boeing 737 MAX victims’ families challenge $1.1 billion plea agreement
The plea agreement requires Boeing to plead guilty to a criminal fraud conspiracy charge
Waymo seeks permit to test self-driving cars in Manhattan
If approved, this would be the first autonomous vehicle testing deployment in the city