Bloomberg Tesla Inc.’s promotion of its driver-assistance system Autopilot is under scrutiny in Germany, where a court is scheduled to rule next week on whether the carmaker is misleading consumers. The maker of the Model 3 sedan says that Tesla vehicles have full potential for autonomous driving. The company also has promoted its cars as having the ability to perform ...

Bloomberg Amazon.com’s plan for a fleet of 3,236 communications satellites won the backing of the US Federal Communications Commission (FCC) chairman, who said he had asked fellow commissioners to approve the venture. “Satellite constellations like this aim to provide high-speed broadband service to consumers in the US and around the world,” Ajit Pai said in a tweet. Pai added that ...

Bloomberg Google has won a multi-year deal to store Renault SA’s manufacturing data, marking the US tech company’s first major industrial cloud deal in France. The Alphabet Inc. unit will gather data from Renault factories, robots and supply chains, the companies said. Google called the contract the largest of its kind globally, though both businesses declined to comment on how ...

Bloomberg Daimler AG plans to sell its factory in Hambach, France, as the maker of Mercedes-Benz cars pursues deeper-than-expected restructuring to overcome the fallout of coronavirus pandemic. The move to unload the home of the Smart two-seater will result in a negative one-time effect of roughly $562 million in the second quarter, Daimler said. It doesn’t expect an impact on ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces, and Chairman of the Frontline Heroes Office, has appointed the Board of the Office, under the chairmanship of Sheikh Sultan bin Tahnoon Al Nahyan. The Board of the Frontline Heroes Office includes the following members: ...

Bloomberg Oil traded near $41 a barrel in New York as coronavirus cases continued to surge globally, casting doubt over the market’s rebounding consumption. US crude traded lower, while Brent edged higher. Goldman Sachs recommended buying global benchmark futures over WTI as American inventories grow. US crude stockpiles rose last week, according to government data, but gasoline demand recovered to ...

Bloomberg India is considering a plan to raise as much as 200 billion rupees ($2.7 billion) by selling stake in the world’s largest coal producer, and a bank to fund a stimulus program aimed at boosting the virus-battered economy, officials with knowledge of the matter said. The proposal involves a share sale depending on market sentiment, said the officials, who ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted over 49,000 additional Covid-19 tests, using state-of-the-art medical testing equipment. In a statement, the ministry affirmed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. The ministry noted an additional ...

SEOUL / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, said that the world has been experiencing extraordinary circumstances due to the unprecedented impact of the Covid-19 global health crisis, wherein the UAE and South Korea have proven the value of their friendship and showcased what two countries with shared interests, goals, ...

Dubai / WAM In his capacity as Ruler of Dubai, Vice President and Prime Minister of the UAE His Highness Sheikh Mohammed bin Rashid Al Maktoum issued Decision No. (5) of 2020 partially amending Decision No. (3) of 2017 pertaining to the formation of Dubai’s Committee for Building Permit Procedures Development. Pursuant to the new decision, a temporary committee named ...