US regulators investigate GM's Cruise division over incidents involving pedestrians in roadways
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The National Highway Traffic Safety Administration is investigating General Motors’ Cruise autonomous vehicle division after receiving reports of incidents where vehicles may not have used proper …
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By MICHELLE CHAPMAN
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10/17/23
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Goldman Sachs 3Q profits fall 33% as trading, investment banking remains stagnant
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Goldman Sachs saw its third quarter earnings fall 33%, with the investment bank seeing muted market conditions that allowed fewer deals and market making opportunities for the firm. The bank also saw …
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By KEN SWEET
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10/17/23
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Bank of America profits jump 10% but warns of slowing spending by Americans
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Bank of American posted a 10% rise in third quarter profits, helped by higher interest rates that allowed the bank to charge more for loans while keeping the bank’s expenses under control. However, …
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By KEN SWEET
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10/17/23
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Poland's ruling conservatives lose majority in parliament to centrist coalition, final count shows
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A complete ballot count confirms that three coalition parties that vowed to restore democratic standards in Poland together won over 54% of the votes in the nation’s weekend election. That puts …
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10/17/23
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Here are the key leaders joining the Belt and Road forum and their wish lists to Beijing
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China is hosting its third international forum centered around President Xi Jinping’s signature policy, the Belt and Road Initiative, which over the past 10 years has built infrastructure across …
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By SIMINA MISTREANU
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10/17/23
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Chinese search engine company Baidu unveils Ernie 4.0 AI model, claims that it rivals GPT-4
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The Chinese search engine and artificial intelligence firm Baidu has launched the latest version of its artificial intelligence model Ernie 4.0. Baidu claims it rivals models such as GPT-4 in the …
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By ZEN SOO
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10/17/23
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Putin begins visit in China underscoring ties amid Ukraine war and Israeli-Palestinian conflict
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Russian President Vladimir Putin has arrived in Beijing on a visit that underscores China’s support for Moscow during its war in Ukraine as well as Russian backing for China’s bid to expand its …
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By CHRISTOPHER BODEEN
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10/17/23
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Electrical grids aren't keeping up with the green energy push. That could risk climate goals
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Stalled spending on electrical grids worldwide is slowing the rollout of renewable energy and could put efforts to limit climate change at risk if millions of miles of power lines aren't added or …
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By DAVID McHUGH
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10/17/23
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PG&E's plan to bury power lines and prevent wildfires faces opposition because of high rates
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Pacific Gas & Electric wants to bury many of its power lines in areas threatened by wildfires. But California regulators are balking at their plan in part because of its impact on rates. PG&E …
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By ADAM BEAM
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10/17/23
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Donald Trump is returning to his civil fraud trial, but star witness Michael Cohen won't be there
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Former President Donald Trump is returning to the Manhattan civil fraud trial that threatens to upend his real estate empire, but he won’t be seeing his former lawyer-turned-foe Michael Cohen on …
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By MICHAEL R. SISAK
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10/17/23
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How China's Belt and Road Initiative is changing after a decade of big projects and big debts
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China’s Belt and Road Initiative looks to become smaller and greener after a decade of big projects that boosted trade but left big debts and raised environmental concerns. The shift comes as …
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By KEN MORITSUGU
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10/16/23
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Donald Trump is going back to court. Here’s what he's missed since his last visit to NYC fraud trial
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Donald Trump will be back in court Tuesday for his New York civil fraud trial, but a face-to-face showdown with former lawyer and fixer Michael Cohen will have to wait. Cohen, a key witness in the …
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By MICHAEL R. SISAK
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10/16/23
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Zipcar fined after allowing customers rent vehicles with open, unrepaired recalls
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Zipcar has been slapped with a $300,000 fine after U.S. regulators found that the car-sharing company allowed customers to rent vehicles with open recalls, violating federal motor safety law. The …
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10/16/23
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Sports, internet bets near-record levels in New Jersey, but 5 of 9 casinos trail pre-pandemic levels
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Sports betting and internet gambling were at near-record levels in New Jersey in September, and nearly half of the Atlantic City casinos won more money from in-person gamblers than they did before …
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By WAYNE PARRY
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10/16/23
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Reese's $25,000 promotion may violate sweepstakes laws
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Reese’s may be violating state and federal laws with a sweepstakes offer currently advertised on packs of peanut butter cups. The promotion on two-cup packages reads “You could win $25,000” …
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By DEE-ANN DURBIN
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10/16/23
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Banker who got into double trouble for claiming 2 meals on expenses loses UK lawsuit over firing
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A financial analyst who was fired by Citibank after claiming a two-sandwich lunch on expenses has lost a legal battle for wrongful dismissal. A British judge has ruled that the bank was entitled to …
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By JILL LAWLESS
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10/16/23
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Japan criticizes Russian ban on its seafood following the release of treated radioactive water
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Japan has criticized Russia’s announcement that it’s joining China in banning the imports of Japanese seafood in response to the release of treated radioactive wastewater from the wrecked …
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By MARI YAMAGUCHI
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10/16/23
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Cambodia opens a new airport to serve Angkor Wat as it seeks to boost tourist arrivals
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Commercial operations have begun at Cambodia’s newest and biggest airport, designed to serve as an upgraded gateway to the country’s major tourist attraction, the centuries-old Angkor Wat temple …
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By SOPHENG CHEANG
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10/16/23
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Kenyan Facebook moderators accuse Meta of not negotiating sincerely
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The lawyer representing 184 former Facebook content moderators based in Kenya who have sued the site's parent company, Meta, over working conditions and pay has told the judge that Meta was not …
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By EVELYNE MUSAMBI
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10/16/23
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The Supreme Court leaves in place a court victory for PETA over North Carolina's ag-gag law
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The Supreme Court has rejected North Carolina’s appeal in a dispute with animal rights groups over a law aimed at preventing undercover employees at farms and other workplaces from taking documents …
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10/16/23
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