Greenland’s opposition party wins closely-watched election
In Tuesday’s closely watched parliamentary election, Greenland’s pro-business opposition Demokraatit party took a commanding lead after over 90% of the ballots were counted.
A coalition of self-driving car companies is urging the U.S. government to accelerate efforts to deploy autonomous vehicles, citing regulatory delays and growing international competition.
The Autonomous Vehicle Industry Association (AVIA), which represents major companies like Volkswagen, Ford, Waymo, Amazon's Zoox, and Uber, has called on the federal government to take a more active role in advancing self-driving technology.
The group released a policy framework on Tuesday, emphasizing the need for clear regulations to ensure the safe and rapid deployment of autonomous vehicles (AVs).
Jeff Farrah, AVIA's executive director, stressed the urgency of federal leadership. “The federal government is the one that needs to lead when it comes to vehicle design, construction, and performance, and we just have not seen enough action in recent years,” Farrah said in an interview.
The industry framework highlights concerns over "regulatory uncertainty" and warns that inaction could cede the U.S. lead in autonomous vehicle technology to China. It calls on the Department of Transportation (USDOT) to assert its authority over AV design and performance standards and to increase efforts in areas critical to deployment.
In December 2023, AVIA joined other groups in urging the USDOT to streamline approval processes for autonomous vehicles without human controls, such as steering wheels or brake pedals. Last month, the department proposed measures to simplify these reviews, a step welcomed by the industry but seen as insufficient by many stakeholders.
Transportation Secretary Pete Buttigieg acknowledged the importance of rigorous oversight in an interview on Monday, emphasizing the need for public trust. “Being very rigorous in these early stages is helping these technologies start to meet their potential to save lives,” Buttigieg said. He added that stringent oversight would enhance public acceptance of self-driving technology.
The industry has faced scrutiny after incidents like the October 2023 case in which a pedestrian was seriously injured by a General Motors Cruise vehicle. USDOT investigations into AVs operated by Cruise, Waymo, and Zoox are ongoing. Despite these challenges, AVIA remains focused on addressing safety concerns and advancing innovation.
The group also wants Congress to clarify regulations, including removing requirements for human controls in vehicles that meet safety standards. It has proposed creating a national AV safety data repository to support state transportation agencies.
President-elect Donald Trump is reportedly supportive of easing deployment barriers for autonomous vehicles, with Reuters suggesting his administration could provide a boost to stalled efforts in Congress.
Tesla CEO Elon Musk, a close adviser to Trump, has hinted at launching driverless ride-hailing services by 2025, signaling growing momentum in the AV industry.
President Donald Trump is preparing a new travel ban that could block entry for people from Afghanistan and Pakistan as early as next week. The move is part of an intensified immigration crackdown.
Italy’s League party urges the government to favour Starlink over French-led Eutelsat for satellite communication systems, citing Starlink's technological edge. The push comes amid delays in the EU’s IRIS² program, as Italy seeks secure communication solutions for officials.
XPeng Motors plans to mass-produce flying cars by 2026, becoming the first company globally to do so. CEO He Xiaopeng also highlighted advancements in autonomous driving and humanoid robotics as part of the company’s future tech initiatives.
World leaders welcomed the 30-day ceasefire proposal that Ukraine has agreed to, calling it a step toward ending the conflict with Russia.
The Bank of Canada trimmed its key policy rate by 25 basis points on Wednesday, lowering it to 2.75%, as concerns mount over inflationary pressures and weaker economic growth driven by renewed trade uncertainties and tariff threats.
Canada will introduce $29.8 billion in retaliatory tariffs in response to the U.S. decision to impose 25% duties on steel and aluminium imports. The move follows similar action by the EU, escalating trade tensions with Washington.
The European Union will impose counter tariffs on 26 billion euros ($28 billion) worth of U.S. goods from next month, the European Commission said on Wednesday, ramping up a global trade war in response to blanket U.S. tariffs on steel and aluminium.
The European Commission has raised €9 billion of EU-Bonds in its 3rd syndicated transaction for 2025.
Inditex, parent company of Zara, reported a 4% sales growth in Q1 2025, down from 11% last year, amid concerns about weakening consumer demand. Despite this, the company plans a 9% dividend increase and €1.8 billion investment in growth, with expansion into new markets.
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