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(Reuters) -Amazon’s self-driving start-up Zoox will increase production next year as it ramps up plans for a commercial rollout of its robotaxi fleet in the U.S., the Financial Times reported on Wednesday. The company will open a new site in California’s Bay Area to expand its footprint beyond a small production facility in Fremont, Zoox …

Amazon’s Zoox to scale up robotaxi production for US expansion, FT reports Read More »

By Lucy Craymer WELLINGTON (Reuters) -New Zealand’s employment grew at a soft pace in the first quarter with the jobless rate holding around 4-1/2-year highs and wage inflation moderating, reinforcing bets for more interest rate cuts later this month and throughout the year. The South Pacific nation crept out of a recession at the end …

New Zealand’s softer jobs growth, wage inflation reinforce bets for more rate cuts Read More »

(Reuters) – Tesla launched a cheaper version of its Model Y vehicle in the United States on Tuesday. The new long range rear-wheel drive version costs about $44,990, before a $7,500 federal tax credit, the electric vehicle maker’s website showed. Including the tax credit, the new vehicle will cost $37,490. Reuters previously reported that Tesla’s …

Tesla launches cheaper Model Y vehicle in the US Read More »

By Himanshi Akhand (Reuters) – National Australia Bank, the country’s largest business lender, cautioned about volatility due to “dramatic” shifts in global economic policies on Wednesday while reporting better-than-expected first-half cash earnings which sent its shares up nearly 4%. NAB joins peer Westpac in echoing concerns around shifting global trade policies which have rattled markets …

Australia’s NAB warns of volatility from trade tensions after profit beat Read More »

(Reuters) -The Australian Securities and Investments Commission (ASIC) on Wednesday imposed additional conditions on the Australian financial services licence of Macquarie Bank, owned by Macquarie Group, citing numerous serious compliance failures. The bank’s compliance shortcomings, some of which remained unnoticed for a decade, pertained to its futures dealing business and its over-the-counter (OTC) derivatives trade …

Australian regulator launches further crackdown on Macquarie Bank after compliance failures Read More »

By Raphael Satter WASHINGTON (Reuters) -Meta Platforms won a $168 million verdict against the Israeli surveillance firm NSO, the company said Tuesday, capping a six-year arm wrestling match between America’s biggest social networking platform and the world’s best known spyware company. Meta had already won a December ruling finding that NSO had unlawfully exploited a …

Court clash between Meta and NSO ends in $168 million defeat for spyware firm Read More »

By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks were lower for a second straight session on Tuesday as comments from U.S. President Donald Trump and Treasury Secretary Scott Bessent provided little clarity to the timeline for any trade deals.  Trump said he and top administration officials will review potential trade deals over the next two …

Equities close lower as tariff uncertainty weighs Read More »

By Arsheeya Bajwa, Max A. Cherney (Reuters) -Advanced Micro Devices on Tuesday forecast a $1.5 billion hit to revenue this year due to new U.S. curbs on chips, which require the company to obtain a license to ship advanced artificial-intelligence processors to China. But it issued a second-quarter revenue forecast that topped Wall Street estimates, …

AMD forecasts $1.5 billion revenue hit from US curbs on China chip exports Read More »