How free-wheeling Texas became the self-driving trucking industry’s promised land

FORT WORTH, Texas, June 17 (Reuters) – For companies working to make self-driving trucks a near-term reality, all roads lead to Texas. Vast highways, a booming freight market and, crucially, the least restrictive laws governing autonomous vehicles (AVs) in the United States have turned Texas into the industry’s most desired location. Several companies, including Aurora … Read more

EXCLUSIVE China’s central bank accepts Ant’s application for financial holding company – sources

The logo of Ant Group is pictured at the headquarters of Ant Group, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com register PBOC taking application signals license may come soon – sources Financial holding license to pave way for Ant market … Read more

How crypto lender Celsius stumbled on risky bank-like investments

Celsius Network logo and representations of cryptocurrencies are seen in this illustration taken, June 13, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com register June 15 (Reuters) – Celsius Network, the retail crypto lending platform whose liquidity problems have felt cryptocurrencies plunging, stumbled on complex investments in the wholesale digital asset … Read more

US agency upgrades Tesla Autopilot safety probe, step before possible recall

WASHINGTON, June 9 (Reuters) – The National Highway Traffic Safety Administration (NHTSA) on Thursday said it was upgrading its probe into 830,000 Tesla (TSLA.O) vehicles with its advanced driver assistance system Autopilot, a required step before it could seek a recall. The auto safety agency in August opened a preliminary evaluation to assess the performance … Read more

EXCLUSIVE Beijing gives initial nod to revive Ant IPO after crackdown cools-sources

Ant aims to file preliminary prospectus as soon as July-sources Ant needs CSRC’s guidance on timing of prospectus filing-source Ant says there is no plan to relaunch its IPO-statement Warburg Pincus valued Ant at $180 bln at end-March-source HONG KONG, June 9 (Reuters) – China’s central leadership has given billionaire Jack Ma’s Ant Group a … Read more

Wall Street stock trading rules set for overhaul-sources

US Securities and Exchange Commission (SEC) Chair Gary Gensler testifies before a Senate Banking, Housing, and Urban Affairs Committee oversight hearing on the SEC on Capitol Hill in Washington, US, September 14, 2021. REUTERS/Evelyn Hockstein Register now for FREE unlimited access to Reuters.com register WASHINGTON/NEW YORK, June 8 (Reuters) – US regulators are going to … Read more

Cryptoverse: The early birds betting bitcoin’s bottoming out

A bitcoin representation is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier/File Photo Register now for FREE unlimited access to Reuters.com register June 7 (Reuters) – As the crypto winter creeps into June, the first signs of a thaw are emerging. Some investors are … Read more

Head of Deutsche Bank’s DWS steps down after ‘greenwashing’ raids

The new logo of Deutsche Bank’s DWS Asset Management is pictured at their headquarters in Frankfurt, Germany, March 19, 2018. REUTERS/Ralph Orlowski Register now for FREE unlimited access to Reuters.com register DWS investigated over alleged greenwashing Prosecutors raided DWS and Deutsche Bank on Tuesday DWS shares down 24% since August last year Whistleblower says more … Read more

In a faceoff with Elon Musk, the SEC blinked

Judge’s remarks in 2019 knocked SEC’s confidence court would back them Core issue – what is “material” information – was left to Musk and Tesla to decide As some tweets went unvetted, SEC opted to urge Musk to comply, rather than go to court SEC was also uneasy about risk of starting litigation given Musk’s … Read more

Architect of Allianz fraud made $60 mln as he lied to investors, US says

FRANKFURT, May 17 (Reuters) – The star portfolio manager at the center of a fraud at the US funds unit of Allianz SE (ALVG.DE) relied on the German insurer’s good name to lure investors and thrived from a lack of oversight as he pocketed $60 million in pay, US authorities said. Gregoire “Greg” Tournant, a … Read more