• First Tesla Model 3 Performance AWD built; Musk claims company was
First Tesla Model 3 Performance AWD built; Musk claims company was "sabotaged"

The company-wide email was also leaked ahead of yet another important production milestone for the Model 3 sedan , which Musk had predicted will reach the 5,000 cars per week rate by the end of June 2018. The Tesla CEO's messages to employees come days after some 3,000 Tesla employees were dismissed, representing almost a tenth of the entire...

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  • Audi boss arrested in diesel probe
Audi boss arrested in diesel probe

A spokesperson for Porsche SE, which controls VW and Audi, said Stadler's arrest would be discussed at a supervisory board meeting on Monday. VW's representative went on to mention the presumption of innocence has been applied. Audi has not yet commented on the matter. German carmaker Audi's CEO, Rupert Stadler , has been arrested. The 56-year...

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  • Average worker can't afford 2-bedroom apartment anywhere in US, report says
Average worker can't afford 2-bedroom apartment anywhere in US, report says

A new national study says Honolulu residents must earn at least $39.06 an hour to afford a two-bedroom apartment at fair market rent without spending more than 30 percent of their income on rent. The national housing wage is $22.10 for a two-bedroom and $17.90 for a one-bedroom rental. It's not just the Bay Area where rents are out of reach for...

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  • 4 things to watch as Trump's tariffs hit China
4 things to watch as Trump's tariffs hit China

News of the tariffs was initially reported by Bloomberg . A report in the Wall Street Journal quoting sources close to the matter said Thursday evening the list had been approved and would affect about $50 billion worth of goods, the same figure that was first announced in March.

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  • Federal judge approves AT&T-Time Warner merger
Federal judge approves AT&T-Time Warner merger

That deal now faces a higher likelihood of regulatory approval. TV Studios and Warner Bros. The judge's ruling is being seen by tech and telecom giants as a green light to pursue a slew of major media acquisitions. The ruling is a stinging defeat for the Justice Department. The government estimated costs to industry rivals, such as Charter Comm...

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  • Who gained and who lost what from the Trump-Kim summit
Who gained and who lost what from the Trump-Kim summit

China views the Korean Peninsula nuclear issue as a security issue, and what is most important is for the U.S. and North Korea to sit down to find a way to resolve their problems, Mr Wang said. Picture taken on April 9, 2017. "This person is not a wise representative for the USA", he said, taking a direct shot at Mr. Trump during Tuesday's ...

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  • Bitcoin's Sunday Slump Sparked by Hack
Bitcoin's Sunday Slump Sparked by Hack

The Bitcoin price has now dropped almost 60 per cent in 2018. NY time on Friday and was trading at $6,781.19 as of 11:43 a.m.in Hong Kong on Monday, bringing its year-to-date loss to 53 percent. There has been a sharp drop in the price of bitcoin and other virtual currencies after South Korean cryptocurrency exchange Coinrail was hacked over the we...

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  • Trump advisers accuse Trudeau of betrayal
Trump advisers accuse Trudeau of betrayal

Trump said that Trudeau was "meek and mild" during the G7 meeting. Earlier on Saturday, Trudeau said that he would "with absolute certainty" impose retaliatory tariffs on the United States in response to Trump's tariffs on steel and aluminum, which the Trump administration imposed in the name of national security.

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  • After Helping ZTE, China Warns Firms Not to Be ‘Giant Babies’
After Helping ZTE, China Warns Firms Not to Be ‘Giant Babies’

The U.S.is maintaining its 10-year export ban on ZTE, but the ban is indefinitely suspended and is likely to remain suspended if ZTE complies with the U.S. Ross said the U.S. will install its "own compliance people" to monitor the company, and shareholders will bring in new management and board. The ban, which traces back to a breach of the USA e...

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  • Google founder Larry Page-backed flying vehicle start-up offers test flights
Google founder Larry Page-backed flying vehicle start-up offers test flights

The device has small dimensions - 4,2 2,6 m - and intuitive control. Several other flying auto models are also being tested, with Uber and other companies expressing interest, according to the report. The Flyer , a recreational and lightweight aircraft, has been advertised as needing only an hour's-worth of training before pilots are ready to f...

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  • Autopilot sped up before fatal Tesla Model X crash
Autopilot sped up before fatal Tesla Model X crash

However, the Tesla reported it was no longer following said vehicle four seconds before the accident . Huang was using Tesla's Autopilot system continuously for almost 19 minutes prior to the crash. The report raised an issue for Tesla vehicles with Autopilot, as well as other vehicles with adaptive cruise control, said Bryant Walker Smi...

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  • US Reaches Deal With China's ZTE - Secretary of Commerce
US Reaches Deal With China's ZTE - Secretary of Commerce

This comes on top of the $361 million ZTE had already paid under the original settlement. According to Mr. Ross, speaking on CNBC , ZTE must change its management and its board, pay the fine, and put $400 million in escrow, which it will forfeit if it violates us sanctions on North Korea and Iran.

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