China’s Baidu Races Waymo, GM to Develop Self-Driving Cars | Business News

China’s Baidu Races Waymo, GM to Develop Self-Driving Cars |  Business News

By JOE McDONALD, AP Business Writer BEIJING (AP) – With no one at the wheel, a self-driving taxi developed by tech giant Baidu Inc. is rolling down a Beijing street when its sensors spot the corner of a delivery cart jutting into its lane. The taxi stops a half-car-length away. “So sorry,” a recorded voice … Read more

Japan’s Toshiba Shareholders Approve 13 Nominations to Board | Business News

By YURI KAGEYAMA, AP Business Writer TOKYO (AP) – Toshiba shareholders approved 13 nominated directors to its board Tuesday, as the Japanese technology giant struggles to restore its one-time glory and set a clear leadership direction. Chief Executive Taro Shimada, who oversaw the annual shareholders’ meeting in Tokyo, said the majority had voted to OK … Read more

Credit Suisse Fined for Facilitating Cocaine Cash Laundering | Business News

ZURICH (AP) – A Swiss court on Monday said it has fined Credit Suisse more than $ 2 million for failing to prevent money laundering linked to a Bulgarian criminal organization a decade-and-a-half ago. The court also ordered the confiscation of the equivalent of more than $ 12 million worth of deposits linked to the … Read more

New Colombian President Pledges to Protect Rainforest | Business News

RIO DE JANEIRO (AP) – Gustavo Petro, Colombia’s first elected leftist president, will take office in August with ambitious proposals to halt the record-high rates of deforestation in the Amazon rainforest. Petro has promised to limit agribusiness expansion into the forest, and create reserves where Indigenous communities and others are allowed to harvest rubber, acai … Read more

Pfizer Says Tweaked COVID-19 Shots Boost Omicron Protection | Business News

By LAURAN NEERGAARD, AP Medical Writer Pfizer announced Saturday that tweaking its COVID-19 vaccine to better target the omicron variant is safe and works – just days before regulators debate whether to offer Americans updated booster shots this fall. The vaccines currently used in the US still offer strong protection against severe COVID-19 disease and … Read more

Bangladesh Marks Opening of Country’s Longest Bridge | Business News

By JULHAS ALAM, Associated Press DHAKA, Bangladesh (AP) – Bangladesh’s Prime Minister Sheikh Hasina on Saturday celebrated the opening of the country’s longest bridge, which took eight years to build amid setbacks involving political conflict and corruption allegations. The 6.51-kilometer (4.04-mile) bridge spanning the Padma River cost an estimated $ 3.6 billion and was paid … Read more

Air France-KLM Boss Warns Travelers: Go to the Airport Early | Business News

PARIS (AP) – The chief of airline alliance Air France-KLM said Thursday that it will take weeks or months to get new security staff in place to lighten pressure on the Amsterdam airport, which has seen flight cancellations, damaging delays and big travel headaches as global air travel rebounds from the COVID-19 pandemic. Air France-KLM … Read more

Ford Pledges to Work With Community Near Future Factory | Business News

By ADRIAN SAINZ, Associated Press BROWNSVILLE, Tenn. Ford Motor Co. (AP) officials on Tuesday pledged to be good neighbors to those in rural west Tennessee who live near the automaker’s planned electric truck factory, a project expected to create thousands of jobs and change the face of the region. More than 200 people attended a … Read more

Pilots Picket as Airline Unions Leverage Summer Travel Woes | Business News

By DAVID KOENIG, AP Airlines Writer DALLAS (AP) – Hundreds of uniformed Southwest Airlines pilots stood in perfect lines in the scorching Texas sun at Dallas Love Field on Tuesday, holding signs that blamed Southwest management for delays and cancellations that have upset passengers. Every once in a while, a motorist would honk or yell … Read more

Trial of Elizabeth Holmes’ Partner, Ex-Lover Nears Climax | Business News

By MICHAEL LIEDTKE, AP Technology Writer A jury on Tuesday is scheduled to hear closing arguments in the trial of Ramesh “Sunny” Balwani, the former Theranos official charged with teaming up with his secret lover, CEO Elizabeth Holmes, to carry out a massive fraud. The three month of testimony and evidence mirrored the case against … Read more