Amazon’s autonomous vehicle company Zoox is preparing to bring its self-driving vehicles to the Uber app in Las Vegas this summer. The partnership allows riders to request Zoox vehicles directly through Uber while the company continues operating its own app. The collaboration reflects growing momentum around autonomous mobility as technology firms and transport platforms compete
The US stocks opened mixed on Wednesday as the Dow Jones edged lower, while the S&P 500 and Nasdaq posted modest gains. The investors continue to weigh the latest developments in the US-Iran war and volatile oil prices while digesting fresh US inflation data. The Dow slipped 82 points, or 0.2%, while the S&P 500
JPMorgan Chase has marked down the value of certain loans linked to private credit funds, reported Financial Times. The move comes as the $2 trillion private credit market faces increasing scrutiny from investors, and lenders amid fears of potential defaults and weakening valuations, particularly among software companies. According to the report, the markdown applies to
The UK’s transition to renewable energy and low-carbon technologies could protect households and businesses from volatile global fossil fuel markets while costing far less than critics claim, according to analysis from the Climate Change Committee. The climate advisers estimate that reaching net zero emissions by 2050 would require about £4 billion a year, or roughly
China’s government agencies and state-owned enterprises have begun warning staff against installing the artificial intelligence agent OpenClaw on office devices, citing potential security concerns. The guidance, as reported by Reuters, highlights caution inside the Chinese state sector over emerging autonomous AI tools. OpenClaw is an open-source system capable of independently performing complex digital tasks with
Oil majors are in the spotlight as the effective closure of the Strait of Hormuz forces traders to reprice supply risk, sending benchmark crude sharply higher and pushing selected energy stocks toward fresh highs. With tankers avoiding one of the world’s most vital chokepoints and maritime traffic reportedly down about 80%, investors are rotating into