Hints and tips:
Related Special Reports
...Cruise lost $1.9bn in the first nine months of the year, and had $1.5bn of cash at the end of September....
...Top oil industry executives have hit out at US President Joe Biden’s decision to pause approvals for new liquefied natural gas export terminals, with Shell’s CEO warning it will “erode confidence” in an...
...Cruise later halted its driverless car operations across the country, and GM said it would cut spending on the unit by “hundreds of millions of dollars”....
...Carnival said it expected the bridge collapse in Baltimore, which acts as a key cruise terminal, to have an estimated impact of about $10mn on both adjusted ebitda and net income for the full year....
...In the first nine months of this year, Cruise reported just $76mn in sales and an earnings before interest and tax loss of $1.9bn — up 36 per cent on the previous year....
...And yet in 2021, the same McKinsey survey showed nearly 60 per cent of industry leaders expected North America to beat China in developing driverless car technology....
...Cruise’s cars were “not safe for the public’s operation”, California’s Department of Motor Vehicles said as it announced it was revoking permits for Cruise to test and deploy its vehicles on public streets...
...Cruise’s response has been straight out of the crisis-management textbook, from the external investigations it has launched into its technology and handling of the accident to the voluntary recall of its...
...French hotel group Accor is in talks with investment vehicle Dubai Holding to fund the roughly €800mn development of two upmarket cruise liners under the Orient Express brand, in the latest example of Middle...
...In suspending the company’s driverless cars from the roads, the regulator accused Cruise of having “misrepresented” details of the accident....
...The DMV in October accused Cruise of misrepresenting details about the accident, in which a female pedestrian was thrown by another vehicle into the path of one of Cruise’s self-driving cars and then dragged...
...The issues arise as terminals for handling finished cars are also suffering severe congestion, largely because of a surge in the number of vehicles being exported from Asia to Europe and North America and...
...Fedspeak: Federal Reserve board governor Christopher Waller will deliver remarks about the economic outlook to the Economic Club of New York....
...Brazil’s industry ministry has launched a number of investigations into the alleged dumping of industrial products by China as Latin America’s largest economy reels from a wave of cheap imported goods....
...Several European carmakers, including Volkswagen and BMW, are unaffected because Baltimore’s Sparrows Point terminal, on the site of an old steelworks, is downstream of the bridge and remains open....
...Prashanthi Raman, vice-president of global government affairs at Cruise, called the decision a “historic industry milestone” that would put the company in a position “to compete with traditional ridehail...
...Inside their neighbourhoods, gang leaders cruise around in vehicles stolen from their kidnapping victims, often painted in the livery of their favourite American sports teams or European fashion brands....
...About 2,250 people attended the Saturday evening party at a cruise terminal, said organiser Yuga Labs, one of the pioneers in this market....
...Other companies: Constellation Energy, JM Smucker, Norwegian Cruise and Macy’s report earnings before the bell. Cava, eBay and Bumble will report after the bell....
...Volkswagen had already put the marine terminal for its car carriers outside the Key Bridge....
...“Donald Trump is running a campaign of resentment, revenge, and retribution that threatens the very idea of America. He is glorifying dictators and pledging to become one himself on day one.”...
...the Americas programme at the Center for Strategic and International Studies think-tank....
...Lloyd’s boss John Neal told the Financial Times that the incident had the potential to produce the largest marine insurance claim in history, topping the crash of the cruise ship Costa Concordia in 2012,...
...Polls suggest he will cruise to re-election in May, a rarity in a region of generally poorly regarded heads of state, turfed out by voters at the first opportunity....
...The destroyer USS Carney used Tomahawk cruise missiles in the strike, which took place in the early hours of Saturday morning....
International Edition