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☆ A global tax war is looming. It could hit Big Tech hard
▼ + stars: | 2024-07-03 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

New York CNN —A stalemate in Washington could destroy a landmark tax deal that was painstakingly hammered out among 140 countries over the better part of a decade. Some analysts say that the United States’ inability to ratify the deal could lead to a tax war among the richest nations that would hit tech behemoths like Google, Apple, Meta and Amazon particularly hard. Canada recently implemented a local tax on the world’s largest tech companies, something the OECD treaty had sought to avoid. New Zealand has also said it will implement its own digital services tax on large multinational companies beginning in 2025. The FTC also said that documents showed that competing mattress suppliers would lose access to its most important retail channel.

Persons: Donald Trump, he’s, Manal Corwin, ”, Megan Funkhouser, won’t, Alicia Wallace, Economists, Ramishah Maruf, Tempur Sealy, —, Foster Organizations: CNN Business, Bell, New York CNN, Apple, Meta, Economic Co, Development, OECD, Biden, Republicans, Finance, OECD’s, Tax, Administration, Information Technology Industry Council, CNN, Bureau of Labor Statistics ’, Labor, Labor Statistics, Federal Trade Commission, United, FTC, Pedic, Sealy Locations: New York, Washington, United States, Canada, Zealand, New Zealand, Stearns

☆ Elon Musk announces Tesla will unveil a ‘robotaxi’ on August 8
▼ + stars: | 2024-04-05 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

But Musk, on a Friday afternoon, when companies tend to bury news, announced on X that Tesla would unveil its robotaxi on August 8. “Tesla Robotaxi unveil on 8/8,” the Tesla CEO (and owner of X) posted. Musk has said in the past that Tesla will make a car without controls for a human to use. Musk has said the system will one day make Tesla cars incredibly valuable. Cruise has paused its testing work after one of its self-driving cars hit and dragged a pedestrian.

Persons: CNN — Elon Musk, Tesla, “ Tesla, Musk, ” Musk, ”, Kelly Funkhouser, she’s, “ You’re, “, Cruise, Waymo Organizations: CNN, Tesla, Consumer, Department of Justice

DETROIT (AP) — General Motors is adding about 350,000 miles (563,000 kilometers) of roadways in the U.S and Canada to the area where drivers can use the company's “Super Cruise” partially automated driving system. Super Cruise also has radar in addition to camera sensors, and uses both to spot obstacles, the company said. Tesla's driver monitoring system relies on detecting torque from hands on the steering wheel to make sure drivers are paying attention. Critics say that's not enough to make sure drivers are staying alert. Before the expansion, Super Cruise was able to work on about 400,000 miles (644,000 kilometers) of roads, largely interstate highways or major roads connecting larger cities.

Persons: Tesla, GM, Cruise, Kelly Funkhouser, ”, Funkhouser, Teslas Organizations: DETROIT, —, GM, Consumer, Drivers Locations: U.S, Canada, Fauquier County , Virginia

☆ At least one dead, dozens of homes damaged after storms hit US Midwest and South
▼ + stars: | 2023-06-26 | by ( Kanishka Singh | Thomson Reuters | Kanishka Singh Is A Breaking News Reporter For Reuters In Washington Dc | ) www.reuters.com time to read: +2 min

Eric Ford via TMX/via REUTERS /File photoJune 26 (Reuters) - Tornadoes and thunderstorms hit the U.S. Midwest and South on Sunday, leaving dozens of homes damaged and at least one person dead in Indiana, authorities said on Monday. The National Weather Service said multiple tornadoes were reported on Sunday afternoon in central Indiana. Images and footage from local media showed fallen trees had blocked roads and homes were damaged. Emergency shelters were set up in central Indiana for those whose homes were damaged and destroyed. At least one person died and about two dozen people were injured after a tornado hit central Mississippi a few days ago.

Persons: Eric Ford, Cameron Wolf, Wolf, Eric Funkhouser, Kanishka Singh, Ed Osmond Organizations: U.S ., National Weather Service, Emergency, PBS, Fire, NBC News, Thomson Locations: Greenwood , Indiana, U.S, U.S . Midwest, Indiana, Martin County , Indiana, Bargersville, Indianapolis, Mississippi, Texas, Florida, Washington

☆ Analysis: Global tax deal at risk as first pillar teeters
▼ + stars: | 2023-06-16 | by ( Leigh Thomas | ) www.reuters.com time to read: +5 min

Reuters GraphicsDIGITAL SERVICE TAXWhile the global minimum tax was always expected to bring in far more revenue, the collapse of plans to redistribute taxing rights would not come without consequences. The Biden administration backed the deal in 2021 in part because it requires other countries to abandon existing or planned digital services taxes targeting big U.S. tech groups. France, which the Trump administration hit with tariff action over its digital services tax before the Biden administration suspended it, has said that it will keep the tax in place as long as Pillar I of the deal is not resolved. Against that background, U.S. companies are eager to see progress on a multilateral solution that would get rid of unilateral digital services taxes. U.S. Treasury Secretary Janet Yellen told CNBC last week that the bill had little chance of passing and that the United States would get on board with the global minimum.

Persons: Peter Barnes, Biden, Trump, Megan Funkhouser, Janet Yellen, Barnes, Leigh Thomas, Christian Kraemer, David Lawder, Catherine Evans Organizations: PARIS, Google, Fiscal Association, Republican, U.S . Congress, Economic Cooperation, Development, Reuters, OECD, Information Technology Industry Council, Republicans, Treasury, CNBC, Trump, Thomson Locations: United States, Paris, France, Washington, U.S, United, Berlin

☆ ‘The federal government is not doing their job,’ NTSB chair says about automated driving tech
▼ + stars: | 2023-05-06 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +5 min

CNN —National Transportation Safety Board chair Jennifer Homendy sharply criticized federal regulators Thursday for not doing enough to monitor and test automatic driving technologies. “The NTSB has called on regulators to set performance minimums for these features, to test vehicles rigorously against those standards and provide the results to consumers. That’s because the IIHS and Consumer Reports worked directly with automakers to get them to add it. “Consumer Reports and IIHS tried to get ahead of this because there was no movement from regulators,” she said. Consumer Reports test drivers will still use an actual interstate highway to test features that only function when the car recognizes that it’s on a divided highway.

☆ Consumer Reports calls Ford’s automated driving tech much better than Tesla’s
▼ + stars: | 2023-01-25 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

And in a recent ranking by Consumer Reports, which tested ADAS from 12 different carmakers, Tesla’s ranked seventh. GM’s Super Cruise, which ranked second, is the only other system tested by Consumer Reports that works this way. Ford’s driver monitoring technology is one of the major reasons that BlueCruise ranked so highly in Consumer Reports’ testing. Kia and Genesis did not immediately respond to requests from CNN Business for comments on Consumer Reports’ assessments. For the most part, vehicle owner’s manuals were of little use in learning how to use the systems, Consumer Reports said.

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