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Jaguar Land Rover CEO on self-driving cars, electric vehicles

Source: Waymo Jaguar’s I-Pace SUV, modified with self-driving technology, will be used in Waymo’s ride-hailing fleet. “If we work together, also with the right cybersecurity system, then autonomous can be the future technology,” he added, noting that drivers are responsible for around 90 percent of road accidents globally. Besides autonomous …

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Trump plans to nominate Admiral Harry Harris as ambassador to South Korea ahead of North Korea summit: NBC News, citing sources

Toru Hana | AFP | Getty Images Commander of the US Pacific Command, Admiral Harry Harris President Donald Trump plans to nominate Admiral Harry Harris, commander of Pacific Command, to be the ambassador to South Korea, NBC News reported citing sources familiar with the situation. Harris had originally been the …

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Dow drops more than 550 points — tech shares get pummeled

Michael Nagle | Bloomberg | Getty Images Traders work during the Pivotal Software Inc. initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, April 20, 2018. “You’ve got a market that’s getting different tones in conference calls and in …

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US 10-year Treasury rate hits 3% for the first time since January 2014

The yield on the benchmark 10-year Treasury note hit the key psychological level of 3 percent Tuesday for the first time since January 2014. The yield on the two-year Treasury note also set a multiyear record Tuesday, topping 2.5 percent for the first time since September 2008. The yield inched …

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Goldman and these other Dow stocks win on higher rates

If Gundlach’s right and rates keep moving higher over the next three months, Goldman Sachs, Visa and Apple could be winning plays, if history is any guide. Those three were big past winners in the Dow Jones industrial average during three-month periods of rising rates, at least doubling the return …

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Prince heirs sue Walgreens and Illinois hospital over musician’s death

Kevin Winter | Getty Images Musician Prince is seen on stage at the 36th NAACP Image Awards at the Dorothy Chandler Pavilion on March 19, 2005 in Los Angeles, California. Relatives of the musician Prince are suing both the pharmacy chain Walgreens and an Illinois hospital. A wrongful-death lawsuit filed …

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UK to investigate use of modern day slaves hand-washing cars

Geography Photos / Getty Images While many car services in the UK legally employ workers such as this one, some could be exploiting modern day slaves British lawmakers are to investigate hand car washes amid concerns that they are hubs for slavery and human trafficking. The U.K.’s anti-slavery watchdog, the …

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US extends deadline for Rusal sanctions, aluminum prices dive

Andrey Rudakov | Bloomberg | Getty Images Oleg Deripaska, CEO of United Company Rusal, at the SPIEF on June 21, 2012. The United States on Monday gave American customers of Russia’s biggest aluminum producer more time to comply with sanctions, and said it would consider lifting them if United Company …

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Germany’s socialists elect Andrea Nahles and vow to re-engage with voters

Simon Hofmann/Getty Images Andrea Nahles, new leader of the German Social Democrats (SPD), speaks at an SPD federal party congress on April 22, 2018 in Wiesbaden, Germany. Amid this sentiment, Schulz said it was crucial for the SPD to support further political and economic integration between European nations, efforts being …

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US Treasury yields tick higher ahead of economic data

The yield on the benchmark 10-year Treasury note started the week on a tear, jumping to 2.99 percent and toying with the key 3 percent level that could trigger a reaction across global financial markets. The 10-year yield was at 2.981 percent at 11:32 a.m. ET, after hitting 2.998 percent …

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