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Uber to launch driverless taxis in London next year

Uber to launch driverless taxis in London next year

Kuwait Timesa day ago

PARIS: This photograph shows screens displaying the logo of the US multinational transportation company Uber, in Toulouse, southern France, on January 15, 2025. - AFP
LONDON: Ride-hailing firm Uber will launch self-driving taxis in London next year when England trials new driverless services, the firm and the UK government said on Tuesday. Under the Uber pilot scheme, services will initially have a human in the driver's seat who can take control of the vehicle in an emergency, but the trials will eventually transition to being fully driverless.
The government announcement will see companies including Uber allowed to trial commercial driverless services without a human presence for the first time in the UK. They will include taxis and 'bus-like' services. Uber CEO Andrew Macdonald described London's roads as 'one of the world's busiest and most complex urban environments'. 'Our vision is to make autonomy a safe and reliable option for riders everywhere, and this trial in London brings that future closer to reality,' he said.
Members of the public will be able to book the transport via an app from spring 2026, ahead of a potential wider rollout when new legislation—the Automated Vehicles Act—becomes law from the second half of 2027, the Department for Transport added. The technology could create 38,000 jobs, add £42 billion ($57 billion) to the UK economy by 2025, and make roads safer, it said. 'The future of transport is arriving. Self-driving cars could bring jobs, investment, and the opportunity for the UK to be among the world-leaders in new technology,' Transport Secretary Heidi Alexander said.
'We can't afford to take a back seat on AI.... That's why we're bringing timelines forward today,' added Technology Secretary Peter Kyle. The wider rollout will also allow the sale and use of self-driving, private cars. Driverless vehicle trials have been underway in the UK since January 2015, with British companies Wayve and Oxa 'spearheading significant breakthroughs in the technology', the ministry said. 'These early pilots will help build public trust and unlock new jobs, services, and markets,' said Wayve CEO Alex Kendall.
According to the government the forthcoming legislation will require self-driving vehicles to 'achieve a level of safety at least as high as competent and careful human drivers'. 'By having faster reaction times than humans, and by being trained on large numbers of driving scenarios, including learning from real-world incidents, self-driving vehicles can help reduce deaths and injuries,' it said. Driverless taxis with limited capacity are already on the roads in the United States and China, most notably in the central Chinese city of Wuhan where a fleet of over 500 can be hailed by app in designated areas.- AFP

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Uber to launch driverless taxis in London next year
Uber to launch driverless taxis in London next year

Kuwait Times

timea day ago

  • Kuwait Times

Uber to launch driverless taxis in London next year

PARIS: This photograph shows screens displaying the logo of the US multinational transportation company Uber, in Toulouse, southern France, on January 15, 2025. - AFP LONDON: Ride-hailing firm Uber will launch self-driving taxis in London next year when England trials new driverless services, the firm and the UK government said on Tuesday. Under the Uber pilot scheme, services will initially have a human in the driver's seat who can take control of the vehicle in an emergency, but the trials will eventually transition to being fully driverless. The government announcement will see companies including Uber allowed to trial commercial driverless services without a human presence for the first time in the UK. They will include taxis and 'bus-like' services. Uber CEO Andrew Macdonald described London's roads as 'one of the world's busiest and most complex urban environments'. 'Our vision is to make autonomy a safe and reliable option for riders everywhere, and this trial in London brings that future closer to reality,' he said. Members of the public will be able to book the transport via an app from spring 2026, ahead of a potential wider rollout when new legislation—the Automated Vehicles Act—becomes law from the second half of 2027, the Department for Transport added. The technology could create 38,000 jobs, add £42 billion ($57 billion) to the UK economy by 2025, and make roads safer, it said. 'The future of transport is arriving. Self-driving cars could bring jobs, investment, and the opportunity for the UK to be among the world-leaders in new technology,' Transport Secretary Heidi Alexander said. 'We can't afford to take a back seat on AI.... That's why we're bringing timelines forward today,' added Technology Secretary Peter Kyle. The wider rollout will also allow the sale and use of self-driving, private cars. Driverless vehicle trials have been underway in the UK since January 2015, with British companies Wayve and Oxa 'spearheading significant breakthroughs in the technology', the ministry said. 'These early pilots will help build public trust and unlock new jobs, services, and markets,' said Wayve CEO Alex Kendall. According to the government the forthcoming legislation will require self-driving vehicles to 'achieve a level of safety at least as high as competent and careful human drivers'. 'By having faster reaction times than humans, and by being trained on large numbers of driving scenarios, including learning from real-world incidents, self-driving vehicles can help reduce deaths and injuries,' it said. Driverless taxis with limited capacity are already on the roads in the United States and China, most notably in the central Chinese city of Wuhan where a fleet of over 500 can be hailed by app in designated areas.- AFP

Bitter row deepened by export curbs
Bitter row deepened by export curbs

Kuwait Times

timea day ago

  • Kuwait Times

Bitter row deepened by export curbs

LONDON: The United States and China began a second day of trade talks on Tuesday, seeking to shore up a shaky tariff truce in a bitter row deepened by export curbs. The gathering of key officials from the world's two biggest economies began Monday in London, after an earlier round of talks in Geneva last month. Stock markets wavered as investors hoped the talks will bring some much-needed calm on trading floors and ease tensions between the economic superpowers. A US Treasury spokesman told AFP on Tuesday the "talks resumed earlier this" morning. One of US President Donald Trump's top advisers said he expected "a big, strong handshake" at the end of the talks in the historic Lancaster House, operated by the UK foreign ministry. Trump told reporters at the White House on Monday: "We are doing well with China. China's not easy. "I'm only getting good reports." The agenda is expected to be dominated by exports of rare earth minerals used in a wide range of things including smartphones, electric vehicle batteries and green technology. "In Geneva, we had agreed to lower tariffs on them, and they had agreed to release the magnets and rare earths that we need throughout the economy," Trump's top economic adviser, Kevin Hassett, told CNBC on Monday. But even though Beijing was releasing some supplies, "it was going a lot slower than some companies believed was optimal", he added. Still, he said he expected "a big, strong handshake" at the end of the talks. "Our expectation is that after the handshake, any export controls from the US will be eased, and the rare earths will be released in volume," Hassett added. He also said the Trump administration might be willing to ease some recent curbs on tech exports. Concessions? Tensions between Washington and Beijing have heightened since Trump took office in January, with both countries engaging in a tariffs war hiking duties on each other's exports to three figures - an effective trade embargo. The Geneva pact to cool tensions temporarily brought new US tariffs on Chinese goods down from 145 percent to 30 percent, and Chinese countermeasures from 125 percent to 10 percent. But Trump recently said China had "totally violated" the deal. "Investors are willing to grab on to any positive trade headline right now, as this is keeping hopes of a rally alive," said Kathleen Brooks, research director at trading group XTB. Ipek Ozkardeskaya, senior analyst at the Swissquote Bank, said that although there had been "no breakthrough" it seemed "the first day of the second round of negotiations reportedly went relatively well". "Rumors are circulating that the US may be willing to make concessions on tech exports in exchange for China easing restrictions on rare earth metal exports," she said. Rare earth shipments from China to the US have slowed since the tariff war was triggered by Trump's so-called "Liberation Day" announcements, according to Brooks. The US leader slapped sweeping levies of 10 percent on friend and foe alike, and threatened steeper rates on dozens of economies. The tariffs have already had a sharp effect, with official figures from Beijing showing Chinese exports to the United States in May plunged by 12.7 percent. China is also in talks with other trading partners - including Japan and South Korea - to try to build a united front to counter Trump's tariffs. Chinese leader Xi Jinping on Tuesday urged South Korea's new President Lee Jae-myung to work with Beijing to uphold free trade to ensure "the stability and smooth functioning of global and regional industrial and supply chains." "A healthy, stable, and continuously deepening China–South Korea relationship aligns with the trend of the times," Xi said in a phone call, according to the Xinhua news agency. Chinese Vice Premier He Lifeng is heading the team in London, which included Commerce Minister Wang Wentao and China International Trade Representative Li Chenggang. US Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer are leading the US delegation.- AFP

Gold price drops to USD 3,310 per ounce
Gold price drops to USD 3,310 per ounce

Arab Times

time2 days ago

  • Arab Times

Gold price drops to USD 3,310 per ounce

KUWAIT CITY, June 10: Gold prices declined to USD 3,310 per ounce last week affected by strong American labor market data, specialized economic report showed. A report by Kuwaiti Dar Al-Sabaek mentioned that the week started with a high of USD 3,403 an ounce, but gradually decreased due to lack of incentives profit making. American jobs report for the month of May included the addition of 139,00 job, surpassing expectations of 125,000, with unemployment rates remaining at 4.2 percent, supporting strength of the dollar and increasing bond yields. The report stated that trade talks between the United States and China played a role in limiting gold's gains after the two presidents held a phone call that helped calm tensions, followed by the announcement of an upcoming trade meeting in the British capital, London. It indicated that geopolitical tensions in other regions, such as the Russian-Ukrainian crisis and escalating events in the Middle East remain supportive factors for gold prices, in addition to the continuous intensified purchases the precious metal by central banks around the world, in a strategic shift away from dollar-denominated assets. The report noted that global markets are awaiting the release of US inflation data this week, starting with the Consumer Price Index on Wednesday, followed by the Producer Price Index on Thursday, followed by the University of Michigan's Consumer Confidence Survey on Friday. It indicated that this kind of data is pivotal in determining the path of monetary policy by the US Federal Reserve ahead of its meeting scheduled for the 17th and 18th of this month. Locally, the price of 24-karat gold reached KD 32.750 per gram (approx. USD 107), while the price of the 22-karat gram reached KD 30 (approx. USD 98) and the silver kilogram KD 407 (approx. USD 1,329). (KUNA)

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