US bans sales of Juul e-cigarettes, company to seek stay on enforcement

US bans sales of Juul e-cigarettes, company to seek stay on enforcement

June 23 (Reuters) – Sales of Juul e-cigarettes were blocked by the US Food and Drug Administration on Thursday, in a major blow to the once high-flying firm whose products have been tied to a surge in teenage vaping. The agency said the applications “lacked sufficient evidence” to show that sale of the products would … Read more

Toyota recalls first mass-produced EVs less than 2 months after launch

Toyota recalls first mass-produced EVs less than 2 months after launch

2023 Toyota bZ4X all-electric SUV is displayed during the 2021 LA Auto Show in Los Angeles, California, US November, 17, 2021. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com Register TOKYO, June 23 (Reuters) – Toyota Motor Corp (7203.T) said on Thursday it would recall 2,700 of its first mass-produced electric vehicles (EVs) … Read more

Crypto’s latest meltdown leaves punters bruised and bewildered

Crypto's latest meltdown leaves punters bruised and bewildered

LONDON/MUMBAI/ANKARA, June 21 (Reuters) – For Jeremy Fong, US crypto lender Celsius was an ideal place to stash his digital currency holdings – and earn some spending money from its double-digit interest rates along the way. “I was probably earning $100 a week,” at sites like Celsius, said Fong, a 29-year civil aerospace worker who … Read more

How free-wheeling Texas became the self-driving trucking industry’s promised land

How free-wheeling Texas became the self-driving trucking industry's promised land

FORT WORTH, Texas, June 17 (Reuters) – For companies working to make self-driving trucks a near-term reality, all roads lead to Texas. Vast highways, a booming freight market and, crucially, the least restrictive laws governing autonomous vehicles (AVs) in the United States have turned Texas into the industry’s most desired location. Several companies, including Aurora … Read more

EXCLUSIVE China’s central bank accepts Ant’s application for financial holding company – sources

EXCLUSIVE China's central bank accepts Ant's application for financial holding company - sources

A logo of Ant Group is pictured at the headquarters of Ant Group, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register PBOC taking application signals license may come soon – sources Financial holding license to pave way for Ant market … Read more

EXCLUSIVE Disney/Pixar’s ‘Lightyear,’ with same-sex couple, will not play in 14 countries; China in question

EXCLUSIVE Disney/Pixar's 'Lightyear,' with same-sex couple, will not play in 14 countries; China in question

LOS ANGELES, June 13 (Reuters) – Walt Disney Co (DIS.N) has been unable to obtain permission to show its new Pixar movie “Lightyear” in 14 Middle Eastern and Asian countries, a source said on Monday, and the animated film appeared unlikely to open in China, the world’s largest movie market. A “Lightyear” producer told Reuters … Read more

SpaceX faces NASA hurdle for Starship backup launch pad

SpaceX faces NASA hurdle for Starship backup launch pad

Starship prototypes are pictured at the SpaceX South Texas launch site near Brownsville, Texas, US, May 22, 2022. Picture taken May 22, 2022. REUTERS/Veronica G. Cardenas Register now for FREE unlimited access to Reuters.com Register WASHINGTON, June 13 (Reuters) – NASA wants Elon Musk’s SpaceX to ensure its plan to launch its next-generation Starship rocket … Read more

US agency upgrades Tesla Autopilot safety probe, step before possible recall

US agency upgrades Tesla Autopilot safety probe, step before possible recall

WASHINGTON, June 9 (Reuters) – The National Highway Traffic Safety Administration (NHTSA) on Thursday said it was upgrading its probe into 830,000 Tesla (TSLA.O) vehicles with its advanced driver assistance system Autopilot, a required step before it could seek a recall. The auto safety agency in August opened a preliminary evaluation to assess the performance … Read more

EXCLUSIVE Beijing gives initial nod to revive Ant IPO after crackdown cools-sources

EXCLUSIVE Beijing gives initial nod to revive Ant IPO after crackdown cools-sources

Ant aims to file preliminary prospectus as soon as July-sources Ant needs CSRC’s guidance on timing of prospectus filing-source Ant says there is no plan to relaunch its IPO-statement Warburg Pincus valued Ant at $180 bln at end-March-source HONG KONG, June 9 (Reuters) – China’s central leadership has given billionaire Jack Ma’s Ant Group a … Read more

US SEC chief unveils plan to overhaul Wall Street stock trading

US SEC chief unveils plan to overhaul Wall Street stock trading

US Securities and Exchange Commission (SEC) Chair Gary Gensler testifies before a Senate Banking, Housing, and Urban Affairs Committee oversight hearing on the SEC on Capitol Hill in Washington, US, September 14, 2021. REUTERS/Evelyn Hockstein Register now for FREE unlimited access to Reuters.com Register WASHINGTON/NEW YORK, June 8 (Reuters) – The top US securities regulator … Read more