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Uber taps into self-driving tech of former rival Waymo
Uber taps into self-driving tech of former rival Waymo
Business and Economy
by  AFP

Google-owned Waymo on Tuesday said it will put its self-driving car technology to work for Uber in a partnership between the one-time rivals. Uber sold its autonomous car division in 2020 to Aurora in a deal that gave the ride-hailing giant a stake in the startup developing self-driving technology, the companies said at the time.

JPMorgan Chase invests $200 mn on carbon removal
JPMorgan Chase invests $200 mn on carbon removal
Business and Economy
by  AFP

JPMorgan Chase announced Tuesday it has signed long-term agreements to purchase $200 million worth of carbon dioxide removal, saying the investment would boost a key emerging climate change solution. Under one of the projects announced Tuesday, JPMorgan signed a nine-year agreement with Climeworks to deliver 25,000 metric tons of carbon removal.

IMF forecasts UK economic growth in major U-turn
IMF forecasts UK economic growth in major U-turn
Business and Economy
by  AFP

The IMF on Tuesday delivered a major U-turn on its forecast for the UK economy, saying it expected growth this year just one month after predicting a contraction. Separately Tuesday, the Bank of England -- which already predicted the UK would avoid recession this year following its own U-turn -- admitted it had made errors over forecasting British inflation.