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Bolt, Pony.ai, and Stellantis Launch Autonomous Mobility Pilot in Luxembourg

Bolt, Pony.ai, and Stellantis Launch Autonomous Mobility Pilot in Luxembourg

Bolt, Pony.ai, and Stellantis have initiated an autonomous mobility pilot program in Luxembourg to test autonomous driving technology in real-world conditions. This marks Bolt's first venture into autonomous ride-hailing. The program utilizes a Stellantis midsize van based on the L4-Ready Platform, with the goal of achieving driverless readiness by the end of the program. The initiative involves assessing safety, performance, and regulatory readiness using Pony.ai's seventh-generation vehicles. The partnership leverages Bolt's ride-hailing platform, Pony.ai's autonomous technology, and Stellantis' vehicle engineering capabilities. Luxembourg's regulatory environment is seen as a key enabler for this project, which aims to pave the way for broader European deployment.
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SpaceX IPO fever sparks hunt for proxy plays in Asia

SpaceX IPO fever sparks hunt for proxy plays in Asia

By Gregor Stuart Hunter, Summer Zhen and Samuel Shen SINGAPORE, June 9 (Reuters) - SpaceX's $75 billion IPO is fuelling a frenzy among investors in Asia for ETFs and supply chain partners linked to Elon Musk's rocket company that are likely to benefit from the blockbuster deal.
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Uber opens sign-ups for London 'robotaxis' ahead of launch 'in months'

Uber opens sign-ups for London 'robotaxis' ahead of launch 'in months'

By Paul Sandle LONDON, June 8 (Reuters) - Uber said its users could sign up from Monday for a chance to ride in London's first robotaxis powered by AI technology from British start-up Wayve as soon as regulators give the go-ahead for launch, which it expects in the coming months.
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What Makes a Toy Safe Before It Reaches Store Shelves?

What Makes a Toy Safe Before It Reaches Store Shelves?

Toy safety is a critical concern for parents, manufacturers, and regulators worldwide. Ensuring that toys are safe for children involves adhering t...
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The Latest: Trump is attending NBA Finals Game 3 between Knicks and Spurs with increased security

The Latest: Trump is attending NBA Finals Game 3 between Knicks and Spurs with increased security

President Donald Trump, a longtime New York Knicks fan, has confirmed that he would attend the first NBA Finals game in New York since 1999
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India's Ship Certifier Cancels Certification for Over 200 Vessels Amidst Sanctions

India's Ship Certifier Cancels Certification for Over 200 Vessels Amidst Sanctions

India's ship safety certifier, the Indian Register of Shipping (IRClass), has intensified its stance on vessels involved in evading international trade sanctions. Since 2023, IRClass has de-classed 235 ships, primarily oil tankers and some gas carriers, from its registry. This move is part of a comprehensive sanctions policy that prohibits the certification of ships under U.S., European, or UK sanctions. The decision aligns with Western sanctions imposed on Russia due to its invasion of Ukraine and on Iran over its nuclear program. IRClass's actions contrast with China's recent directive for firms to ignore U.S. sanctions on Chinese refiners purchasing Iranian oil. The de-classification of these vessels complicates their ability to secure insurance and access ports, potentially adding to the 'shadow fleet' of ships that operate without known insurance or compliance with environmental safety standards.
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Nuvei in advanced talks to acquire payment firm Payoneer for $2.7 billion, sources say

Nuvei in advanced talks to acquire payment firm Payoneer for $2.7 billion, sources say

By Milana Vinn June 9 (Reuters) - Canadian payments firm Nuvei is in advanced talks to acquire cross-border payments company Payoneer Global for about $2.7 billion, according to two people familiar with the matter.
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Analysis-Investors spy a tipping point for bonds after geopolitics shreds old playbooks

Analysis-Investors spy a tipping point for bonds after geopolitics shreds old playbooks

By Stefano Rebaudo MILAN, June 9 (Reuters) - Bonds have failed to shield investors during the Iran war. Now, some fund managers say that may be about to change, with debt poised to reclaim its safe-haven role if inflation starts hitting growth.
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Europe Expands Self-Driving Taxi Trials, Impacting Global Ride-Hailing Market

Europe Expands Self-Driving Taxi Trials, Impacting Global Ride-Hailing Market

Europe is advancing its adoption of self-driving taxis with several trials set to launch across the continent. In Croatia, Pony.ai, in collaboration with Uber and Croatian startup Verne, has begun operating approximately 10 robotaxis in Zagreb. London will see trials from Waymo, Wayve, and Apollo Go, while Madrid will host a test by WeRide in partnership with Uber. Munich will also deploy robotaxis using technology from Momenta. Additionally, Switzerland is running a pilot program with Apollo and Swiss Post. These initiatives are part of a broader global trend, with companies like Waymo and Apollo already operating thousands of driverless taxis in the United States and China. The European Union is poised to accelerate the process by adopting a 'testbed' approach, simplifying the regulatory framework for autonomous vehicle testing across member states.
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ASML Criticizes EU's Technology Sovereignty Approach, Citing Risks of Bureaucratic Overreach

ASML Criticizes EU's Technology Sovereignty Approach, Citing Risks of Bureaucratic Overreach

ASML, a leading supplier of advanced lithography equipment for semiconductor manufacturing, has expressed concerns over the European Commission's new technology sovereignty agenda. Christophe Fouquet, ASML's chief executive, supports the goal of strengthening Europe's technological independence but warns against the Commission's involvement in steering strategic projects eligible for state aid. Fouquet argues that such initiatives should be industry-led rather than directed from Brussels, as excessive direction could slow projects and add unnecessary bureaucracy. The Commission's technology sovereignty package, introduced on June 3, aims to reduce Europe's dependence on foreign suppliers in critical technologies, including semiconductors and AI systems. It includes legislative proposals like the Chips Act 2.0 and the Cloud and AI Development Act. The package reflects Europe's concern over its reliance on non-European providers, especially amid global competition affecting supply chains and data governance.
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ASML CEO Warns Against EU's Centralized Control in Technology Sovereignty Push

ASML CEO Warns Against EU's Centralized Control in Technology Sovereignty Push

ASML's CEO Christophe Fouquet has expressed concerns over the European Commission's approach to its technology sovereignty agenda. While supporting the overall goal of strengthening Europe's technological independence, Fouquet cautioned against the Commission's involvement in steering strategic projects eligible for state aid. ASML, a leading supplier of advanced lithography equipment, plays a crucial role in semiconductor manufacturing. The Commission's technology sovereignty package, introduced on June 3, aims to reduce Europe's reliance on foreign suppliers for critical technologies, including semiconductors and AI systems. Fouquet's comments highlight a tension between the need for strategic direction and the risk of bureaucratic control slowing down projects.
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Kosovo voters return to the polls after parties fail to agree on a new president

Kosovo voters return to the polls after parties fail to agree on a new president

Voters in Kosovo head to the polls for an early parliamentary election