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Safety fears over 54,000 Tesla self-driving cars

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Tesla will recall nearly 54,000 self-driving vehicles in the US, after finding that some of their cars were not coming to a complete stop at intersections

The “rolling stop” feature that was sent out to the testing owners on October 20, allows vehicles to go through intersections with all-way stop signs at up to 9km per hour.

US safety regulators say that Tesla will disable the feature with an over-the-internet software update.

Tesla has been testing the self-driving feature on public roads, but the carmaker and the regulator say the features do not make the cars autonomous.

Safety advocates are concerned that Telsa testing the vehicles in traffic with untrained drivers, as well as the potential risk of the Telsa software malfunctioning could expose other motorists and pedestrians to danger.

Last week, the company’s beta vehicles increased to nearly 60,000 in the US, from a few thousand at the end of September.

It comes just weeks after the company noted that it was not aware of any warranty claims, crashes, injuries or fatalities related to the recall.

But the National Highway Traffic Safety Administration said the recall covers models from 2016 and onwards.

The feature has also drawn controversy for violating several US state laws that require vehicles to come to a complete stop.

Also written by Savannah Pocock

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France receives lowest credit rating due to crisis

France’s credit rating downgraded to record low amid political and fiscal crisis, raising concerns over debt and stability

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France’s credit rating downgraded to record low amid political and fiscal crisis, raising concerns over debt and stability

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In Short:
– Fitch Ratings downgraded France’s credit rating to A+, citing political instability and fiscal challenges.
– New Prime Minister Lecornu must secure budget approval amidst rising deficit and potential no-confidence vote.
Fitch Ratings has downgraded France’s credit rating from AA- to A+, the lowest ever recorded, amid ongoing political and fiscal challenges.
The decision comes shortly after Prime Minister François Bayrou was removed in a vote of no confidence regarding his €44 billion austerity plan.
President Emmanuel Macron has appointed Sébastien Lecornu as the new prime minister, marking the fifth leadership change in under two years.Banner

Fitch highlighted political instability as a key factor undermining fiscal reforms, with France’s debt now at €3.3 trillion, or 113.9% of GDP.

The budget deficit increased to 5.8% of GDP and is expected to rise, posing challenges ahead.

Political Instability

The new prime minister faces a divided parliament and must secure budget approval by October 7.

The far-left plans a no-confidence vote against Lecornu, complicating further cooperation on legislative reforms, with S&P Global hinting at a potential downgrade.


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Trump moves to fast-track removal of Fed governor Lisa Cook

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The White House is set to fast-track a ruling on firing Federal Reserve Governor Lisa Cook, just days before the crucial FOMC meeting.

The move comes as markets reel from surging inflation, weak jobless data, and global currency shifts, raising questions about the Fed’s independence and the stability of policy decisions.

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ANZ job cuts spark banking clash

ANZ plans to cut 3,500 jobs, sparking debate on the future of Australia’s banking sector and employment dynamics.

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ANZ plans to cut 3,500 jobs, sparking debate on the future of Australia’s banking sector and employment dynamics.


ANZ has announced plans to cut 3,500 staff and 1,000 contractors over the next year, triggering a fierce debate between business leaders, unions, and government about the future of Australia’s banking sector.

The decision raises wider questions about the resilience of the business community and the role of politics, productivity, and technology in shaping employment.

#ANZ #Banking #Jobs #Unions #Australia #Economy #TickerNews


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