Markets
Hail the flying taxi!
But Lillium could face skies crowded with competition. There are more than 100 different electric-aircraft programmes in development worldwide, according to Roland Berger consultancy, with Lilium's biggest competitors including Joby Aviation and Kitty Hawk, whose models are electric rotor rather than jet powered, as well as planned offerings from Airbus , Boeing and Bell Helicopter, partnered w... [Full Article...]
William Hill's Tinder ad banned
William Hill responded to the complaint by stressing that customers are often known to "shop around" for the best odds and betting offers available, and that customers could use the bookmakers site as a comparison for other sites. As well as removing the ad, William Hill has conducted a full review of existing content on the platform. As it now stands, gambling ads are prohibited from associati... [Full Article...]
Air Canada in talks to buy Transat AT Inc
Transat AT Inc.is in exclusive talks with Air Canada , which is offering $13 per share to buy the travel company. - This winning combination will support jobs and economic development, open up the world and better position Quebec and Canada as a world leader in air travel, tourism, aviation and innovation. [Full Article...]
EU fines five banks $1.2 billion for foreign exchange rigging
The two settlement decisions are the result of an investigation into Barclays, the Royal Bank of Scotland (RBS), Citigroup, JPMorgan , UBS and MUFG Bank in relation to 11 currencies , including the euro, dollar, sterling and yen. Former US attorney general Loretta Lynch in 2015 said the banks engaged in a "brazen display of collusion" to game markets. A JP Morgan spokesperson stated: "We a... [Full Article...]
NTSB confirms Autopilot active during fatal Tesla Model 3 accident in March
Tesla further noted that its drivers have logged more than a billion miles with Autopilot engaged, and that drivers supported by Autopilot are safer than those without the systems' assistance. The Telsa Model 3 was driving down a highway 68 miles per hour when it hit the trailer, when it failed to register the truck turning out. Federal investigators have determined that a Tesla driver who was ... [Full Article...]
Woman who snatched 4-year-old boy at McDonald's arrested, police say
The suspect, identified as 33-year-old Maralyn Ramos , was arrested Wednesday night near the intersection of Agatha Street and San Pedro Street in downtown Los Angeles , the LAPD stated in a news release . She let the boy go and took off after that. Detectives are working to determine if the attempted kidnapping is linked to a similar incident at about 11.15am on Wednesday, where a woman trie... [Full Article...]
Tesla updates battery software after auto fires in China and Hong Kong
While Tesla is still investigating the incidents, the firm is taking action "out of an abundance of caution". Tesla Inc will update its battery software after two recent fires involving its Model S electric vehicles (EV) in Shanghai and Hong Kong, the USA automaker said on Thursday, adding that investigations into the incidents are ongoing. [Full Article...]
Autopilot Was Engaged During Fatal Tesla Crash
The vehicle collided with a semi-trailer that was crossing the highway to make a left turn and join the northbound lanes. The footage from nearby surveillance cameras and Tesla's front camera reportedly shows the semi-trailer slow down in front of the Tesla, blocking its path. [Full Article...]