By Jonathan Stempel | NEW YORK NEW YORK Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) on Monday said it added to its sizable investments in American Airlines Group Inc (AAL.O) and Southwest Airlines Co (LUV.N), and shed its stake in Twenty-First Century Fox Inc (FOXA.O). In a regulatory filing, Berkshire said that in the first quarter its American stake grew 8 percent to 49.3 million shares worth $2.08 […]
One of the hottest races going on in the tech world right now is the race to get self-driving cars out to the public first. To try and beat out the competition, Waymo has reached an agreement with Lyft, the startup ride-hailing company, to get its street legal autonomous cars out first. Lyft And Waymo Team Up The New York Times reported that the two companies reached […]
Credit: Steffen Thoma/Public Domain The research, led by the International Council on Clean Transportation and Environmental Health Analytics, LLC., in collaboration with scientists at the University of York’s Stockholm Environment Institute (SEI); University of Colorado; and the International Institute for Applied Systems Analysis, examined 11 major vehicle markets representing more than 80% of new diesel vehicle sales in 2015.’ Of these markets, they found vehicles emitted 13.2 […]
As the UAE Pavilion was readied for the opening of the Venice Biennale, paper aeroplanes were strewn across a brick floor with yellow markings. To the untrained eye, they might have looked like the result of some celebratory fun and games from the young members of staff who had just finished the week-long installation work at the Sale d’Armi (Weapons Room) in the Italian city’s old fort, […]
Tesla has started taking orders for its innovative new solar roof, tile-sized solar panels that the company unveiled back in October last year. Coming from the makers of supercar-speed electric vehicles and reusable rockets, they’re not your ordinary solar panel: they’re aesthetically pleasing and won’t require ripping off existing tiles inside the home for installation. The Solar Roof, Tesla’s first post-SolarCity acquisition offering, is expected to sell […]
Italy’s Atlantia has launched a bid to buy its Spanish rival Abertis in a deal that values the target at €16.3bn and would create one of the world’s largest toll road and infrastructure companies. Atlantia announced its bid on Monday even though it did not have the full backing of the Abertis cornerstone shareholder Criteria, the Barcelona-based holding of the powerful Caixa foundation. The offer is structured […]
By Hyunjoo Jin | YONGIN, South Korea YONGIN, South KoreaSouth Korean engineer Kim Gwang-ho flew 11,000 km (7,000 miles) to Washington last year to do something he never dreamed he would: he reported alleged safety lapses at Hyundai Motor Co – his employer of 26 years – to U.S. regulators. Citing an internal report from Hyundai’s quality strategy team to management, Kim told the U.S. National Highway […]
In November, Mr. Sadeghi gave a speech in Parliament accusing the head of the judiciary, Sadegh Amoli-Larijani, of maintaining a secret bank account to collect diverted public funds. After the speech, representatives of the judiciary tried to arrest him, but were stopped when dozens of people gathered in front of his house to protect him. Continue reading the main story Nevertheless, change for Mr. Sadeghi and many […]
The presence of just a few autonomous vehicles can eliminate the stop-and-go driving of the human drivers in traffic, along with the accident risk and fuel inefficiency it causes, according to new research. The finding indicates that self-driving cars and related technology may be even closer to revolutionizing traffic control than previously thought. (via WSJ)
Where will self-driving cars go once they drop you off? In big cities, parking can be expensive and take forever to find. But TechCrunch Disrupt NY hackathon team Val.ai built a way for autonomous vehicles to participate in auctions for nearby parking spaces. When a self-driving car needs to park itself, it can submit real-time bids for local spots occupied by others. If a currently parked car […]
When we looked at subprime auto delinquencies most recently, we found some troubling trends: first, in February, we showed that 61+ day delinquencies in General Motors’ subprime securitization book would support a rather bleak thesis for future auto sales, and specifically the demand side of the equation, with January 2017 delinquency rates soaring to the highest levels since late 2009/early 2010. Ironically, this hasn’t stopped lenders from […]
Elon Musk has an ambitious goal to decongest traffic through underground tunnels and he’s now shared footage of the project, but tread lightly. The video comes with a warning that it might trigger seizures or cause motion sickness. It shows a test run of an electric sled that would swiftly move cars through the tunnels at 125 mph (200 km/h), automatically shifting from one tunnel to another. […]
By Gul Yusufzai | QUETTA, Pakistan QUETTA, Pakistan A bomb exploded next to a convoy of the deputy chairman of the Pakistan Senate on Friday in the violence-plagued province of Baluchistan, killing at least 25 people, officials said. Islamic State claimed responsibility for the bombing. The group’s Amaq news agency said a bomber wearing an explosive vest carried out the attack, which was condemned by a former […]
DUBAI // The numbers of people using public transport have grown in the emirate with the tram registering the highest number of passengers in the first quarter of this year. The Roads and Transport Authority (RTA) confirmed that the Dubai Metro comprising the Red and Green Lines had ferried 51.371 million riders during the first quarter of this year compared with 49.9 million passengers in the same […]
DUBAI // Speedy service may mean more tips but safety experts are urging motorcycle delivery riders in the city to ride with caution, be patient and wear protective gear. Twenty-six people died in motorbike accidents in 2015 and 2016, according to Dubai’s Roads and Transport Authority. Last year, motorbike riders were involved in 824 traffic offences and 786 bikes were seized. “A rider is not going to […]
12 May 2017 The Roads and Transport Authority – Nashwan Attaa’ee: The Public Transport Agency, Roads and Transport Authority (RTA) confirmed that its public buses had lifted 38,616,365 riders during the first quarter of this year, compared with 37,654,468 riders lifted during the same period last year. The figure indicates a growth rate of about 2.5% in bus ridership. Basel Saad Ibrahim, Director of Buses, RTA Public […]
Saudi Arabia is preparing to cement ties with President Donald Trump by committing to unprecedented investments in the US. The kingdom’s sovereign wealth fund is set to announce plans to deploy as much as $40 billion into US infrastructure, according to people familiar with the matter. The investment may be unveiled as early as next week to coincide with Trump’s visit to the kingdom, said the people, […]
Police in Dubai have recovered AED3 million ($810,000) in cash robbed from a security vehicle by six staff working for company that operates the vehicle, a senior police official has said. The gang of six Asian employees was caught by police before they could smuggle the money out of the country, said Major General Khalil Ibrahim Al Mansouri, assistant Commander-in-Chief of Dubai Police for Criminal Investigation in […]
At the end of April, Dubai added yet another acquisition to its steadily growing list of attributes. No longer just a city, an emirate, a tourist destination or even home to the world’s tallest building, the city now also has its own official typeface, the Dubai font. The product of a two-year partnership between the Dubai Executive Council, the computer giant Microsoft and Monotype, the owner of […]
By Nick Carey | ORWELL, Ohio ORWELL, Ohio Three years ago if a customer walked onto Dan Reel’s used car lot seeking a late-model off-lease Ford Escape, his answer was short: tough luck. The supply of lightly-used cars and trucks was tight because automakers had drastically cut back on bargain leases during and after the Great Recession. Recently, though, a computer search for available used vehicles within […]
A $100 million fund has been launched in Bahrain to invest in the country’s small and medium-sized enterprises (SMEs). The initiative has been unveiled by the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of IDB Group, in partnership with Ibdar Bank, and Labour Fund Tamkeen. The Bahrain SME Fund is a Shariah compliant mezzanine private equity fund which will target […]
DUBAI // Six people have been arrested over a Dh3 million robbery of a bank truck owned by a Dubai cash in-transit company. The suspects, from Asian countries, were arrested on Tuesday night in an apartment in Al Rashidiya following investigations, said Maj Gen Khalil Al Mansouri, assistant commander of CID at Dubai Police. Maj Gen Al Mansouri said one of the suspects was a security guard […]
In this Wednesday, Sept. 14, 2016, file photo, a self-driving Uber car stops at a red light on Liberty Avenue through the Bloomfield neighborhood of Pittsburgh. In just a few years, well-mannered self-driving robotaxis will share the roads with reckless, law-breaking human drivers. The prospect is causing migraines for the people developing the robocars and is slowing their development. But experts say eventually the cars will coexist […]
Inspectors from the General Administration of Customs – Abu Dhabi have foiled an attempt to smuggle three kilograms of narcotics at the Al Ghuwaifat Border. Working in coordination with the Drug Enforcement Section at Abu Dhabi Police, the customs officers found the narcotic substances hidden in the roof of a truck’s interior, state news agency WAM reported on Wednesday. Inspectors subjected the vehicle to a detailed inspection […]
