WASHINGTON, March 28 (Reuters) – U.S. auto safety regulators said Tuesday they are opening a probe into 50,000 Tesla Model X vehicles after receiving two complaints reporting front seat belt failures. The National Highway Traffic Safety Administration (NHTSA) said the preliminary evaluation covers 2022-2023 model year vehicles over reports of failures of the front seat… Continue reading U.S. agency opens probe into 50,000 Tesla Model X vehicles over front seat belts, article with image
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Summary Companies CFTC charges Binance with ‘willful evasion’ of federal law Binance’s compliance was ‘ineffective’ under CEO – CFTC CFTC cites practices first reported by Reuters last year March 27 (Reuters) – The world’s biggest crypto exchange Binance and its CEO and founder Changpeng Zhao were sued by the U.S. Commodity Futures Trading Commission (CFTC)… Continue reading Untitled
U.S. auto union leader promises fight to get workers a ‘fair share’, article with gallery
DETROIT, March 27 (Reuters) – Shawn Fain, the new president of the United Auto Workers union, on Monday said he is ready to go to war against “employers who refuse to give our members their fair share.” Fain spoke to a gathering of local union leaders in Detroit after being declared the UAW’s president on… Continue reading U.S. auto union leader promises fight to get workers a ‘fair share’, article with gallery
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March 26 (Reuters) – Some parts of Twitter Inc’s source code have been leaked and the social media platform owned by billionaire Elon Musk is seeking information on the person responsible, a legal filing showed. According to the filing, “various excerpts” of Twitter’s source code, which is used to run the company online, were posted… Continue reading Video
Legalcategory
– Geoffrey Vos – the head of civil justice in England and Wales – said it is ‘inevitable’ AI will increasingly be used in the legal sector, but ‘lawyers are never, ever going to be out of business.’ Upgraded AI model GPT-4 released earlier this month outscored 90 percent of actual takers of the bar… Continue reading Legalcategory
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March 27 (Reuters) – Elon Musk’s brain implant company Neuralink has approached one of the biggest U.S. neurosurgery centers as a potential clinical trials partner as it prepares to test its devices on humans once regulators allow for it, according to six people familiar with the matter. Neuralink has been developing brain implants since 2016… Continue reading Untitled
Ferrari CEO welcomes EU decision on e-fuels, article with image
MILAN, March 27 (Reuters) – The chief executive of Ferrari (RACE.MI) on Monday welcomed plans to exempt cars that run on e-fuels from the European Union’s planned 2035 phaseout of new combustion engine vehicles. The decision would give the luxury Italian carmaker “greater freedom on the production scheme,” CEO Benedetto Vigna told a Reuters newsmaker… Continue reading Ferrari CEO welcomes EU decision on e-fuels, article with image
Tesla faces new race bias trial from employee who had $137 mln verdict cut, article with image
March 27 (Reuters) – A trial kicks off in San Francisco federal court on Monday to determine how much money Tesla Inc (TSLA.O) must pay to a Black elevator operator who a jury determined was subjected to severe racial harassment while working at the electric auto maker’s flagship assembly plant. The trial is scheduled to… Continue reading Tesla faces new race bias trial from employee who had $137 mln verdict cut, article with image
Legalcategory
– Cleary Gottlieb Steen & Hamilton hired Edward Aldred from UK firm Linklaters as a partner in its private equity practice in London. – N.Y. lawyer Kenneth Miller allowed his law firm Frost & Miller‘s bank account to be used in an investment scam that bilked investors out of $8.4 million, the SEC said. –… Continue reading Legalcategory
Explainer: Tesla’s legal troubles: race bias trial is tip of the iceberg, article with image
March 27, (Reuters) – A jury trial begins Monday to determine how much money Tesla Inc (TSLA.O) must pay to a Black former Tesla Inc factory worker who won a lawsuit accusing the electric car maker of tolerating severe racial harassment at its flagship Fremont, California assembly plant. The case is one of several involving… Continue reading Explainer: Tesla’s legal troubles: race bias trial is tip of the iceberg, article with image