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Yearly Archives :

2025

US considers potential rules to restrict or bar Chinese drones

US considers potential rules to restrict or bar Chinese drones 150 150 admin

By David Shepardson

WASHINGTON (Reuters) – The U.S. Commerce Department said on Thursday it is considering new rules that would impose restrictions on Chinese drones that would restrict or ban them in the United States citing national security concerns.

The department said it was seeking public comments by March 4 on potential rules to safeguard the supply chain for drones, saying threats from China and Russia “may offer our adversaries the ability to remotely access and manipulate these devices, exposing sensitive U.S. data.”

China accounts for the vast majority of U.S. commercial drone sales.

In September, Commerce Secretary Gina Raimondo said the department could impose restrictions similar to those that would effectively ban Chinese vehicles from the United States and the focus will be on drones with Chinese and Russian equipment, chips and software.

She told Reuters in November she hopes to finalize the rules on Chinese vehicles by Jan. 20.

A decision to write new rules restricting or banning Chinese drones will be made by the administration of President-elect Donald Trump, who takes over on Jan. 20.

Washington has taken a series of steps to crack down on Chinese drones over the last year.

Last month, President Joe Biden signed legislation that could ban China-based DJI and Autel Robotics from selling new drone models in the U.S. A unspecified U.S. agency must determine within one year if drones from DJI or Autel Robotics pose unacceptable national security risks.

DJI, the world’s largest drone manufacturer that sells more than half of all U.S. commercial drones, said if no agency completes the study it would prevent the company from launching new products in the U.S.

In September, the House of Representatives voted to bar new drones from DJI from operating in the U.S.

In October, DJI sued the Defense Department for adding it to a list of companies allegedly working with Beijing’s military, saying the designation is wrong and has caused the company financial harm.

DJI told Reuters in October that Customs and Border Protection was stopping imports of some DJI drones from entering the United States, citing the Uyghur Forced Labor Prevention Act. No forced labor is involved at any stage of its manufacturing, DJI said.

U.S. lawmakers have repeatedly raised concerns that DJI drones pose data transmission, surveillance and national security risks, which the company rejects. Congress in 2019 banned the Pentagon from buying or using drones and components manufactured in China.

(Reporting by David Shepardson; Editing by Christian Schmollinger)

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Hindenburg Research short on used-car retailer Carvana

Hindenburg Research short on used-car retailer Carvana 150 150 admin

(Reuters) – Short seller Hindenburg Research said on Thursday it was short on used-car retailer Carvana Co.

“Our research uncovered $800 million in loan sales to a suspected undisclosed related party, along with details on how accounting manipulation and lax underwriting have fueled temporary reported income growth,” Hinderburg alleged in its report.

Carvana did not immediately respond to a Reuters request for comment on the report.

Shares of the Tempe, Arizona-based company fell as much as 5% after the report but pared losses to trade down 1.5%.

(Reporting by Nathan Gomes in Bengaluru; Editing by Shreya Biswas and Anil D’Silva)

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New Orleans attack under investigation after driver slams into crowd, killing at least 15

New Orleans attack under investigation after driver slams into crowd, killing at least 15 150 150 admin

A 42-year-old man intentionally drove a truck into a crowd in New Orleans’ famous Bourbon Street on New Year’s Day, killing at least 15 people and injuring dozens of others. The attack is being investigated as a possible act of terrorism, the FBI said, after weapons and potential improvised explosive devices were found in the vehicle. CBS News’ Omar Villafranca reports from New Orleans.
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Bangladesh court again rejects bail for Hindu leader who led rallies

Bangladesh court again rejects bail for Hindu leader who led rallies 150 150 admin

DHAKA, Bangladesh (AP) — A court in southeastern Bangladesh on Thursday rejected a plea for bail by a jailed Hindu leader who led large rallies in the Muslim-majority country demanding better security for minority groups.

Krishna Das Prabhu, 39, faces sedition charges after he led huge rallies in the southeastern city of Chattogram. Hindu groups say there have been thousands of attacks against Hindus since early August, when the secular government of Prime Minister Sheikh Hasina was overthrown.

Prabhu didn’t appear at the hearing, during which Chattogram Metropolitan Sessions Judge Saiful Islam rejected the bail plea, according to Public Prosecutor Mofizul Haque Bhuiyan. Security was tight, with police and soldiers guarding the court.

“He faces serious charges like sedition and others involving the security and sovereignty of our country,” Bhuiyan told The Associated Press by phone. “We argued in the court that if he gets bail it could create anarchy as we saw in the past that he triggered violence on the court premises by calling thousands of his supporters to protest.

“So, we moved against his bail plea as we believed that he could misuse his bail.”

Apurba Kumar Bhattacharjee, a lawyer representing Prabhu, said that they would appeal the decision.

The court rejected an earlier request for bail made while Prabhu didn’t have lawyers. Lawyers who sought to represent him at that hearing said they were threatened or intimidated, and many of them are facing charges related to the death of a Muslim lawyer during clashes outside the court when Prabhu appeared there shortly after being arrested in Bangladesh’s capital, Dhaka, in November.

For Thursday’s hearing, 11 lawyers traveled from Dhaka, arriving and leaving with a security escort.

Hindu groups and other minority groups in Bangladesh and abroad have criticized the interim government led by Nobel peace laureate Muhammad Yunus for undermining their security. Yunus and his supporters said that reports of attacks on Hindus and other groups since August have been exaggerated.

Prabhu’s arrest came as tensions spiked following reports of the desecration of the Indian flag in Bangladesh, with some burning it and others laying it on the floor for people to step on. Protesters in India responded in kind.

Prabhu is a spokesman for the Bangladesh Sammilito Sanatan Jagaran Jote group. He was also associated with the International Society for Krishna Consciousness, widely known as the Hare Krishna movement.

Radharamn Das, vice president and spokesman of the group in Kolkata, the capital of India’s West Bengal state, told the television station India Today that Prabhu’s health is deteriorating.

Das said that the jailed Hindu leader “has become a face of minorities in Bangladesh. The minorities see him as a ray of hope. He represents their voice.”

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Tesla annual deliveries fall for first time as competition hurts demand

Tesla annual deliveries fall for first time as competition hurts demand 150 150 admin

By Akash Sriram

(Reuters) -Tesla reported its first decline in annual deliveries on Thursday, as the automaker handed over fewer-than-expected electric vehicles in the fourth quarter and incentives failed to boost demand for its aging line-up of models.

Shares of the company fell about nearly 6%, indicating investor worries over the challenges facing CEO Elon Musk, who expected promotions including zero-interest financing to power a “slight growth” in deliveries in 2024.

Reduced European subsidies, a shift in the U.S. toward lower-priced hybrid vehicles and tougher competition especially from China’s BYD have pressured Tesla.

In response, Musk pivoted Tesla to self-driving taxis and backed President-elect Donald Trump with millions of dollars in campaign donations in hopes that it could bring regulatory relief for the company.

Tesla handed over 495,570 vehicles in the three months to Dec. 31, missing estimates of 503,269 units, according to 15 analysts polled by LSEG. It produced 459,445 vehicles in the period, down about 7% from a year ago.

Deliveries for 2024 totaled 1.79 million, 1.1% lower than a year ago and below estimates of 1.806 million units, according to 19 analysts polled by LSEG.

That was ahead of rival BYD, which reported a 12.1% rise in sales of sales of battery-electric vehicles to 1.76 million in 2023 thanks to competitive prices and a stronger push into Asian and European markets.

Morgan Stanley analysts said Tesla’s aging products and increased availability of cheaper alternatives outweighed any rise in promotional activities.

With self-driving technology still years away, analysts have said Tesla would have to rely on cheaper versions of current cars and the Cybertruck to achieve Musk’s target of 20% to 30% sales growth in 2025.

The truck, known for its futuristic design, has been showing signs of demand weakness, analysts have said.

Tesla has yet to break out deliveries for the Cybertruck. The company said on Thursday it handed over 471,930 Model 3 and Model Y vehicles and 23,640 units of other models, including the Model S sedan, Cybertruck and Model X premium SUV.

TRUMP BET

Tesla shares are coming off a strong 2024, in which they rose more than 60% thanks to Trump’s election victory.

Musk has said he plans to leverage his promised role as a government-efficiency czar under the Trump administration to advocate for a federal approval process for autonomous vehicles to replace the current state-specific laws, which he described as “incredibly painful” to navigate.

Tesla’s Autopilot and “Full Self-Driving” technologies, which are not yet fully autonomous, have been the subject of scrutiny due to lawsuits, U.S. traffic safety regulator probe and a Department of Justice criminal investigation.

The key concern is whether Tesla may have overstated the self-driving abilities of its vehicles.

Tesla is also under pressure from legacy automakers. Its October registrations in Europe fell by 24%, due to a tight race from Volkswagen Group, whose Skoda Enyaq SUV dethroned the Model Y as the best-selling EV in the region, according to data research firm JATO Dynamics.

Trump’s team is considering ending the $7,500 tax credit for consumer EV purchases, a move that could further hamper the slowing shift to EVs in the U.S., Reuters reported in November.

“What was interesting is that their sell-through also declined in the year, even though people know that there’s a tax credit elimination coming potentially in 2025,” said Thomas Martin, senior portfolio manager at Globalt Investments.

“That didn’t seem to accelerate anything, that may be telling.”

(Reporting by Akash Sriram in Bengaluru; Editing by Arun Koyyur)

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Remembering the victims who were killed in the New Orleans attack

Remembering the victims who were killed in the New Orleans attack 150 150 admin

A father of two and a teenager are among the victims in the attack in New Orleans where a man drove a truck into a crowd of people, killing at least 15. CBS News’ Omar Villafranca has more on the victims.
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3 killed in Hawaii explosion caused by illegal fireworks display

3 killed in Hawaii explosion caused by illegal fireworks display 150 150 admin

A firework explosion in Hawaii has killed at least three people and injured two dozen more. Authorities say a partygoer lit a bundle of aerial fireworks which then fell on its side, setting off crates of additional fireworks.
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Constellation secures $1 billion in contracts to supply US government with nuclear power

Constellation secures $1 billion in contracts to supply US government with nuclear power 150 150 admin

NEW YORK/WASHINGTON (Reuters) – Constellation Energy Corp. has been awarded a record $1 billion in contracts to supply nuclear power to the U.S. government, the company said on Thursday.

Constellation, which is the country’s largest operator of nuclear power plants, will deliver electricity to more than 13 federal agencies, as part of the agreement with the U.S. General Services Administration.

(Reporting by Laila Kearney and Timothy Gardner)

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10 people injured in New York City shooting incident, NYPD says

10 people injured in New York City shooting incident, NYPD says 150 150 admin

(Reuters) -Ten people were injured in a mass shooting in the New York City borough of Queens late on New Year’s Day, the New York Police Department said in a news briefing early on Thursday.

The injured in the incident outside a private events club late on Wednesday evening included six females and four males and all were expected to recover, police said.

The incident occurred when 3-4 males opened fire toward a crowd outside the club, the NYPD said. Users took to social media expressing shock at the incident and sharing pictures of police deployment at the site.

Police ruled out the possibility of a terrorist attack.

The incident came hours after two other acts of violence elsewhere in the U.S. on New Year’s Day. In New Orleans, a truck plowed into a street crowded with New Year’s revelers, killing 15 people, and in Las Vegas a Tesla truck exploded outside a Trump hotel in Las Vegas, killing one person and injuring seven.

U.S. authorities were scrambling to track down suspects related to the New Orleans and Las Vegas incidents and also investigating possible terrorism angles.

(Reporting by Kanjyik Ghosh and Devika Nair; editing by Mark Heinrich)

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Eye Opener: New details on New Orleans terror attack

Eye Opener: New details on New Orleans terror attack 150 150 admin

There are new details on the investigation into the truck attack that killed and injured dozens. Also, a Cybertruck explosion in front of a Trump hotel in Las Vegas is investigated as a possible act of terrorism. All that and all that matters in today’s Eye Opener.
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