Tuesday, May 28, 2024

Business Briefs for 01-03-2023

by Associated Press

CES 2023: Tech world to gather and show off gadgets

NEW YORK (AP) — The annual tech industry event formerly known as the Consumer Electronics Show is returning to Las Vegas this week with the hope that it looks more like it did before the coronavirus pandemic. The show changed its name to CES several years ago to better reflect the changing industry and the event, which had expanded beyond audio and video to include automotive, digital health, smart phones, wearables and other technologies. Companies and startups will showcase innovations in virtual reality, robotics and consumer tech items to the media and others in the tech industry. The show is not open to the general public. Organizers say their goal is to draw 100,000 attendees.

Tesla says it sold a record 1.3 million vehicles last year

AUSTIN, Texas (AP) — Tesla says it sold a record 1.3 million electric vehicles last year. But the number fell short of CEO Elon Musk’s pledge to grow the company’s sales by 50% nearly every year. The figure topped the prior record of 936,000 vehicles delivered in 2021. But it was shy of the 1.4 million needed to reach the company’s 50% growth target. Sales grew 40% year over year, while production climbed 47% to 1.37 million.

1st tanker carrying LNG from US arrives in Germany

BERLIN (AP) — The first regular shipment of liquefied natural gas from the United States has arrived in Germany. It’s part of a wide-reaching effort to help the country replace energy supplies it previously received from Russia. The vessel arrived Tuesday at the port of Wilhelmshaven where its shipment of LNG will be converted back into gas at a special floating terminal that was inaugurated last month. Germany has rushed to find a replacement for Russian gas supplies following Russia’s invasion of Ukraine. The facility in Wilhelmshaven is one of several such terminals being put in place to help avert an energy supply shortage. Germany has also temporarily reactivated old oil- and coal-fired power stations and extended the life of its last three nuclear power plants until mid-April.

UK trains disrupted again as workers stage fresh strikes

LONDON (AP) — Commuters returning to work after the Christmas break are advised not to travel as tens of thousands of British rail workers stage a fresh round of strikes that will disrupt services all week. Around half of the U.K.’s railway lines are closed, and only one-fifth of services are running amid a long-running dispute over pay and working conditions. Many places, including most of Scotland and Wales, have no train services. The strikes are part of wider labor unrest in the U.K. that has seen nurses and ambulance drivers walking off their jobs in December to demand higher pay.

Drone advances in Ukraine could bring dawn of killer robots

KYIV, Ukraine (AP) — Drone advances in Ukraine have accelerated a technology trend that could soon bring the world’s first fully autonomous robots to the battlefield and inaugurate a new age of warfare. Experts say it may be only a matter of time before either Russia or Ukraine, or both, deploy drones programmed to find and attack targets without help from humans. That would mark a revolution in military technology as profound as the introduction of the machine gun. Ukraine already has semi-autonomous drones endowed with artificial intelligence. Russia also claims to possess AI weaponry. But there are no confirmed instances of a nation putting into combat drones that have killed entirely on their own.

Dems, GOP have distinct priorities for 2023: AP-NORC poll

WASHINGTON (AP) — A poll finds Republicans and Democrats have sharply distinct views of what’s most important for the government to address amid high inflation. Overall, the economy in general remains a bipartisan issue, mentioned by most in an open-ended question as one of up to five issues for the government to prioritize in 2023, according to The Associated Press-NORC Center for Public Affairs Research poll from December. Thirty percent name inflation. That’s roughly twice the percentage as a year ago, though down from the 40% who listed it in June. More Republicans than Democrats name inflation, energy and immigration as top priorities facing the nation. Democrats focus on health care, climate change, poverty, racism, abortion and women’s rights.

FTX founder Sam Bankman-Fried faces arraignment in New York

NEW YORK (AP) — FTX founder Sam Bankman-Fried is returning to a Manhattan federal court to face charges of cheating investors and looting customer deposits on his cryptocurrency trading platform. Bankman-Fried is expected to plead not guilty Tuesday in his first appearance before a judge who would preside over any trial. He is accused of defrauding investors by illegally diverting massive sums of customer money from FTX to make lavish real estate purchases, donate money to politicians and make risky trades at Alameda Research, his cryptocurrency hedge fund trading firm. Bankman-Fried was released from custody with electronic monitoring two weeks ago to await trial at his parents’ house in Palo Alto, California.

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