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FedEx and robotics company Nuro on Tuesday announced a multi-year agreement to test self-driving vehicles in the package delivery company’s network, starting with a pilot program in Houston. The partnership comes as parcel companies race to reduce the cost of last-mile delivery, which surged during the pandemic. The companies will target delivery scenarios where Nuro’s…
One of Australia’s wealthiest individuals, Andrew “Twiggy” Forrest, is in the hot seat to develop the world’s largest hydroelectric project in central Africa. On Wednesday, the mining magnate’s company, Fortescue Metals Group, confirmed discussions were already underway between Forrest and the Democratic Republic of Congo (DRC) government. Under current arrangements, Forrest’s Fortescue Future Industries (FFI)…
By Tim Maxwell From Bankrate.com Credit card fraud ranked as the second most common form of identity theft in 2020, according to the Federal Trade Commission (FTC), trailing very close behind government/benefits fraud. The agency fielded 393,207 reports last year, up 45 percent from 271,823 in 2019, from consumers whose credit card accounts were compromised…
Washington Prime Group, the corporation which owns more than 100 U.S. malls, filed for bankruptcy on June 13 citing financial woes tied to the CCP virus pandemic. “The COVID-19 pandemic has created significant challenges for many companies, including Washington Prime Group, making a Chapter 11 filing necessary to reduce the Company’s outstanding indebtedness,” the company…
This story originally appeared on Due Unless you’re in the small percentile of people who are have received a large inheritance or trust fund or won the lottery, you need to build your wealth from scratch. And, that’s not the easiest of goals. Between stagnating wages, growing debt, and a considerable increase in the cost of living, this…
BANGKOK—A series of coronavirus outbreaks in Thai factories is raising concerns that the export sector could be hit hard, threatening to further undermine an economy as it struggles to recover from the lockdowns’ crippling blow to the crucial tourism industry. The virus has swept through over 130 factories, including those supplying international brands, with more…
By Kartikay Mehrotra From Bloomberg News When the Los Angeles Department of Water and Power was hacked in 2018, it took a mere six hours. Early this year, an intruder lurked in hundreds of computers related to water systems across the United States. In Portland, Oregon, burglars installed malicious computers onto a grid providing power…
Tesla CEO Elon Musk tweeted on Sunday that the electric carmarker will resume allowing bitcoin transactions when miners who verify transactions use more renewable energy. “When there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions,” he said in a tweet. Bitcoin rose 5.1 percent…
CAPE CANAVERAL, Fla.—An auction for a ride into space next month alongside Jeff Bezos and his brother ended with a winning $28 million bid Saturday. The Amazon founder’s rocket company, Blue Origin, did not disclose the winner’s name following the live online auction. The identity will be revealed in a couple weeks—closer to the brief…
