By David Shepardson WASHINGTON (Reuters) – General Motors’ startup unit Cruise LLC said Thursday it had recalled and updated software in 80 self-driving vehicles after a June crash in San Francisco that left two people injured. Federal regulators said the recalled software could “incorrectly predict” an oncoming vehicle’s path. Cruise said it had determined this…
MEXICO CITY (Reuters) – Remittances to Mexico reached a new record high in July as Mexican families received $5.3 billion from abroad, an annual increase of 16.5%, data from the Mexican central bank showed on Thursday. Mexican President Andres Manuel Lopez Obrador has been a strong supporter of remittances in the midst of an economic…
By Akash Sriram (Reuters) -Nvidia Corp said on Thursday the U.S. government has allowed exports needed to complete the development of its flagship artificial intelligence chip, a day after it disclosed that Washington had restricted shipments of two chips to China. The curbs on exports of Nvidia’s H100 chips and A100 chips – designed to…
BERLIN (Reuters) – Luxury sportscar maker Porsche AG said on Thursday its supervisory board intends to appoint Sajjad Khan, a former chief technology officer at rival Mercedes-Benz, to the company’s executive board with a focus on Car-IT. The move comes as Volkswagen-owned Porsche gears up for a market listing. Khan, 48, worked for Mercedes-Benz for…
Two biopharmaceutical companies will give $5 million and $500,000, respectively, to nonprofit organizations in the United States and abroad that are responding to the growing monkeypox outbreak. The pledges come as the early philanthropic response to the disease, which disproportionately affects LGBTQ people, has been fairly muted compared with the early days of COVID-19. Gilead…
WASHINGTON (AP) — Fewer Americans filed for unemployment benefits last week as the labor market continues to shine despite weakening elements of the U.S. economy. Applications for jobless aid for the week ending Aug. 27 fell by 5,000 to 232,000, the Labor Department reported Thursday. The four-week average for claims, which evens out some of…
BEIJING (AP) — The Chinese government on Thursday called on Washington to repeal its technology export curbs after California-based chip designer Nvidia said a new product might be delayed and some work might be moved out of China. The latest controls add to mounting U.S.-Chinese tension over technology and security. American officials say they need…
BERLIN (Reuters) – German autos association VDA dampened its forecast for the passenger car market in the United States and Europe on Thursday, citing inflation, interest rates and ongoing supply chain troubles. It adjusted its forecast for passenger car deliveries in the U.S. to predict a 7% drop this year, from a previous forecast of…
(Corrects headline, paragraph 1 to remove reference to annual profit beating estimates) (Reuters) -Campbell Soup Co forecast annual core sales above estimates on Thursday, as higher prices fail to quell demand for the Prego pasta sauces owner’s packaged meals and canned soups. Packaged food makers have steadily raised prices on everything from cookies to beef…
WASHINGTON (Reuters) – Ford Motor Co is recalling 198,000 SUVs in the United States to replace a blower motor assembly after reports of 25 fires, it said on Thursday. The recall covers 2015-2017 model year Ford Expedition and Lincoln Navigator vehicles. Ford said it had three reports of fires linked to property damage to structures…
