Month: March 2025
Pony.ai wins first permit for fully driverless taxi operation in the center of China’s Silicon Valley
Key Points In the latest step towards building a revenue-generating robotaxi business, Chinese startup Pony.ai said it has obtained the first permit to charge fares for fully driverless taxis in core parts of a business district of Shenzhen. The permit allows Pony.ai to charge fares for rides — without any human staff inside — from […]
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Asian auto stocks extend declines as Trump tariffs on car imports dent sentiment
Vehicles awaiting shipment are parked at a port on March 27, 2025 in Yokohama, Japan. U.S. Tomohiro Ohsumi | Getty Images Asian auto stocks fell for a second straight day as investors fretted over U.S. President Donald Trump’s tariffs on cars and certain automobile parts not made in the country. Japanese automakers Toyota and Honda […]
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Putin suggests temporary administration for Ukraine, Russian news agencies report
Russian President Vladimir Putin. Contributor | Getty Images News | Getty Images Russian President Vladimir Putin suggested Ukraine could be placed under a form of temporary administration to allow for new elections and the signature of key accords with the aim of reaching a settlement in the war, Russian news agencies reported early on Friday. Putin, speaking in the northern port of Murmansk, also said he believed U.S. President Donald Trump, […]
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SEC votes to stop defending climate disclosure rules
The U.S. Securities and Exchange Commission (SEC) headquarters in Washington, D.C., U.S. on March 5, 2025. Leslie Josephs | CNBC Wall Street’s top regulator said on Thursday it had voted to cease legal efforts to defend regulations that require companies to disclose climate-related emissions, risks and spending, and had been hotly contested by industrial lobby groups. […]
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Alibaba has staged a quiet $100 billion rally — AI and Jack Ma’s return are at the heart of it
The Alibaba office building in Nanjing, Jiangsu province, China, on Aug. 28, 2024. CFOTO | Future Publishing | Getty Images In November 2023, Jack Ma posted an internal memo at Alibaba, urging the e-commerce giant he helped create to “correct its course.” The message was as a rallying cry by one of China’s most prominent […]
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Asia-Pacific markets set to open lower as Trump tariff threats keep investors on edge
Australia, New South Wales, Sydney Scott E Barbour | The Image Bank | Getty Images Asia-Pacific markets were set to open lower Friday, tracking losses on Wall Street as U.S. President Donald Trump’s tariffs kept investors on edge. Australia’s S&P/ASX 200 slipped 0.19% as Prime Minister Anthony Albanese announced a national election on May 3, […]
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CoreWeave prices IPO at $40 a share, below expected range
Michael Intrator, co-founder and CEO of CoreWeave, speaks at Web Summit in Lisbon, Portugal, on Nov. 13, 2024. Carlos Rodrigues | Sportsfile | Web Summit | Getty Images CoreWeave on Thursday priced shares at $40 in the company’s IPO, raising $1.5 billion in the biggest U.S. tech offering since 2021, CNBC has confirmed. The company, […]
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CNBC’s Inside India newsletter: What ails India’s manufacturing?
Business, India, Factory – Young Businessman with his factory floor supervisor inspecting the newly installed heavy machinery at a textile factory. Gcshutter | E+ | Getty Images This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind […]
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King Charles released from hospital after experiencing side effects from cancer treatment
Britain’s King Charles leaves the London Clinic after receiving treatment for an enlarged prostate, in London, Britain January 29, 2024. Toby Melville | Reuters King Charles III experienced unspecified side effects of his cancer treatment and spent some time in the hospital on Thursday, Buckingham Palace said. “Following scheduled and ongoing medical treatment for cancer […]
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Man charged in Molotov cocktail attack on Teslas in Las Vegas
Investigators look over the scene at a Tesla Collision Center after an individual used incendiary devices to set several vehicles on fire on March 18, 2025 in Las Vegas, Nevada. Ethan Miller | Getty Images A Las Vegas man has been arrested on charges related to the Molotov cocktail arson attack on Tesla vehicles in […]
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