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Biden administration to loan $6.6B to EV maker Rivian to build Georgia factory that automaker pausedExhibition Preview: Tokyo Auto Salon Exhibition 12-17-2024 12:10 AM CET | Industry, Real Estate & Construction Press release from: ABNewswire Exhibition name: TOKYO AUTO SALON EXHIBITION Exhibition location: Japan - Chiba - 2 Chome-1 Nakase, Mihama Ward, Chiba, 261-8550 Japan - Makuhari Messe International Convention Center, Chiba Exhibition time: 2025-1-10 ~ 1-12 Holding cycle: Every Year Exhibition area: 72,000 square meters Exhibition Introduct TOKYO AUTO SALON (TASA) 2025, Show Time: Jan 10~Jan 12, 2025, Show Venue: Japan - Chiba - 2 Chome-1 Nakase, Mihama Ward, Chiba, 261-8550 Japan - Chiba Makuhari Messe International Convention & Exhibition Center, Organizer: TOKYO AUTO SALON ASSOSIATION (TASA), the organizer: once a year, exhibition area: 72,000 square meters, exhibitors: 23,073 visitors, the number of exhibitors and exhibitors brand reached 1120. TOKYO AUTO SALON (Tokyo Tuning Car Show) is an exhibition specializing in the tuning car and auto parts industry. It aims to provide a platform for the tuning car and automobile accessory industry to communicate and display, and to promote the technological innovation and development of the industry. The exhibits at TOKYO AUTO SALON include a wide range of tuning cars and auto parts for different types and purposes, such as tuning cars, wheels, braking systems, exhaust systems, chassis reinforcement, interior trims, and so on. Exhibitors and visitors from different countries and regions can learn about the latest product and technology developments and explore business cooperation opportunities. Image: https://www.vovt-diesel.com/uploads/51.png Scope of Exhibits Vehicles: complete cars, motorcycles, sports cars and automotive products, etc. Accessories: car accessories, sports car products, motorcycle accessories, tires, wheels, air conditioning, car audio, lighting, anti-theft, electronic equipment, automotive electronics and technology Service equipment: automotive maintenance and beauty products, automotive tools and equipment, repair products, etc. Image: https://www.vovt-diesel.com/uploads/3587.jpg Exhibitors at the fair include companies and organizations related to tuning cars and car accessories, such as car tuning factories, car accessory manufacturers, car wheel manufacturers, braking system manufacturers and so on. Car tuning enthusiasts and professionals from all over the world can visit the exhibition. The exhibition is usually held in January every year at the Makuhari Messe in Tokyo. In addition to the exhibition, the TOKYO AUTO SALON Exhibition also organizes a series of professional forums and events, such as seminars on car tuning trends, tuning car demonstrations, and new car accessory launches, with the aim of promoting innovation and development in the car tuning and car accessory industry. The exhibition attracts the attention and participation of car tuning enthusiasts and professionals from all over the world, making it an important event not to be missed by the tuning car and auto accessory industry. Media Contact Company Name: Fuzhou Ruida Machinery Co., Ltd. Email:Send Email [ https://www.abnewswire.com/email_contact_us.php?pr=exhibition-previe-tokyo-auto-salon-exhibition ] Country: American Samoa Website: http://vovt-diesel.com This release was published on openPR.
Ancient meets modern as a new subway in Greece showcases archaeological treasures THESSALONIKI, Greece (AP) — Thessaloniki, Greece’s second-largest city, is opening a new subway system, blending ancient archaeological treasures with modern transit technology like driverless trains and platform screen doors. The project, which began in 2003, uncovered over 300,000 artifacts, including a Roman-era thoroughfare and Byzantine relics, many of which are now displayed in its 13 stations. Despite delays caused by preserving these findings, the inaugural line has been completed, with a second line set to open next year.
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WASHINGTON (AP) — A federal judge terminated the gun case against Hunter Biden on Tuesday after President Joe Biden issued a sweeping pardon for his son. U.S. District Judge Maryellen Noreika closed the case the week before Hunter Biden was to be sentenced. He could have faced up to 25 years in prison, though as a first-time offender he likely would have gotten far less time or avoided prison entirely. Prosecutors opposed dismissing the case, arguing in court documents that a pardon shouldn't wipe away the case “as if it never occurred." Hunter Biden was convicted on three felonies after he lied on a federal form to purchase a gun in Delaware by saying he wasn’t a drug user in 2018, a period when he has acknowledged being addicted. The judge's order ends the case but does not toss out the conviction. The Justice Department special counsel is also opposed to dismissing a case filed in California after Hunter Biden failed to pay $1.4 million in taxes . U.S. District Judge Mark Scarsi in Los Angeles indicted he would dismiss the case once the pardon is formally received. Still, Scarsi was critical of the president's assertion that his son was singled out for political reasons, saying two judges had rejected similar arguments from his defense attorneys. The president's Sunday decision to go back on previous pledges and issue his son a blanket federal pardon for actions over the past 11 years has sparked a political uproar in Washington, drawing criticism from many Democrats as well as Republicans and threatening to cloud Biden’s legacy as he prepares to leave office on Jan. 20. Hunter Biden was originally supposed to strike a plea deal with prosecutors last year that would have spared him prison time, but the agreement fell apart after Noreika questioned unusual aspects of it. This story was first published Dec. 3, 2024. It was updated Dec. 4, 2024, to explain that the case was terminated, which ends the case but doesn’t toss out the conviction.
On November 19, the Senate Commerce Committee’s Subcommittee on Consumer Protection, Product Safety, and Data Security convened a hearing on “ Protecting Consumers from Artificial Intelligence Enabled Fraud and Scams .” The witnesses at the hearing testified about how AI technologies enable fraud and scams, while Senators from both parties asked questions that highlighted the need for federal laws to crack down on such activity. The hearing comes as Senators try to pass AI legislation during the lame-duck session of this Congress. Subcommittee Chair Hickenlooper (D-CO) specifically discussed five bipartisan AI bills during the hearing that he vowed to get “across the finish line and passed into law in the coming weeks.” On November 19, the Senate Commerce Committee’s Subcommittee on Consumer Protection, Product Safety, and Data Security convened a hearing on “ Protecting Consumers from Artificial Intelligence Enabled Fraud and Scams .” The Subcommittee heard from witnesses who testified about how AI technologies and tools enable fraud and scams, while Senators from both parties asked questions that highlighted the need for federal laws to crack down on such activity. The hearing comes as Senators try to pass AI legislation during the lame-duck session of Congress. Subcommittee Chair Hickenlooper (D-CO) specifically discussed five AI bills during the hearing, which he noted have all received bipartisan support and vowed to get “across the finish line and passed into law in the coming weeks.” Opening Statements Subcommittee Chair Hickenlooper’s opening remarks, while acknowledging the many benefits that AI brings, noted that “for all those benefits, we have to mitigate and anticipate the concurrent risks that this technology brings along with it.” To this end, he specifically discussed five AI bills that he believes have bipartisan support, which we cover later in this newsletter, and vowed to get them “across the finish line and passed into law in the coming weeks.” Subcommittee Ranking Member Marsha Blackburn (R-TN) focused on AI scams and fraud and their now widespread impact. She noted that the FTC Consumer Sentinel Network Data Book found that “scams increased a billion dollars over the last 12 months, to $10 billion... And of course we know AI is what is driving a lot of this.” To combat the fraud and scams driven in part by AI, Senator Blackburn called for an “encompassing” and “comprehensive” policy approach, including “an actual online privacy standard, which we’ve never passed.” The Chair and Ranking Member’s statements both highlight that AI-enabled scams and other harms are a bipartisan point of concern. Expert Testimony: Shared Concerns and Solutions The following experts testified at the hearing: Dr. Hany Farid, an academic who studies deepfakes and other AI-generated or digitally manipulated images Justin Brookman, the Director of Technology Policy at Consumer Reports Mounir Ibrahim, the Chief Communications Officer and Head of Public Policy at Truepic, a company that provides digital authenticity technology Dorota Mani, the mother of a victim of an AI-generated deepfake The experts’ testimonies and responses to the Senators’ questions focused on four main themes: Legislation Discussed at the Hearing Five AI bills, which we’ve covered before , were discussed during the hearing. None of these bills would constitute the comprehensive data privacy laws that the Senators and panelists called for, but they would lay the groundwork for increased transparency for AI developers and also protect consumers from deepfakes and other AI-generated harmful content: Lame-Duck Period: Potential AI Activity Whether there is enough momentum to get AI legislation across the finish line during the lame-duck Congress is an open question. As we’ve noted , lame-duck periods are complicated, particularly where control of the Senate will shift in the next Congress. The final weeks of Democratic control may incentivize Democratic Senators to act on AI, but AI legislation will compete with other legislative priorities. Furthermore, while all of the AI bills discussed during the Subcommittee hearing have bipartisan support, Republicans may want to wait until the next Congress begins with them in the majority in both chambers to address AI. While any prospects for passing these bills remain uncertain, the three weeks remaining on the Senate’s calendar this Congress will bring clarity. We will continue to monitor, analyze, and issue reports on AI legislation developments in the lame-duck Congress and the 119th Congress. Matthew Tikhonovsky also contributed to this article.
Smart Retail Technology Market 2024 Set for Major Growth Surge Over the Next Decade 12-16-2024 07:33 PM CET | Business, Economy, Finances, Banking & Insurance Press release from: Prudent Markets Smart Retail Technology Market The Smart Retail Technology Market 2024-2023 report provides a comprehensive analysis of Types (Hardware, Software, Service), Application (Departmental Stores, Cinema Complexes, Stadiums, Amusement Parks, Airports, Other), Analysis of Industry Trends, Growth, and Opportunities, R&D landscape, Data security and privacy concerns Risk Analysis, Pipeline Products, Assumptions, Research Timelines, Secondary Research and Primary Research, Key Insights from Industry Experts, Regional Outlook and Forecast, 2024-2032. 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Since we understand the criticality of data and insights, we have associated with the top publishers and research firms all specialized in specific domains, ensuring you will receive the most reliable and up to date research data available. To be at our client's disposal whenever they need help on market research and consulting services. We also aim to be their business partners when it comes to making critical business decisions around new market entry, M&A, competitive Intelligence and strategy. This release was published on openPR.LUQUE, Paraguay (AP) — Sake is perhaps more Japanese than the world-famous sushi. It’s brewed in centuries-old mountaintop warehouses, savored in the country’s pub-like izakayas, poured during weddings and served slightly chilled for special toasts. The smooth rice wine that plays a crucial role in Japan’s culinary traditions was enshrined on Wednesday by UNESCO on its list of the “intangible cultural heritage of humanity.” At a meeting in Luque, Paraguay, members of UNESCO’s committee for safeguarding humanity’s cultural heritage voted to recognize 45 cultural practices and products around the world, including Brazilian white cheese, Caribbean cassava bread and Palestinian olive oil soap. Unlike UNESCO’s World Heritage List, which includes sites considered important to humanity like the Pyramids of Giza in Egypt, the Intangible Cultural Heritage designation names products and practices of different cultures that are deserving of recognition. A Japanese delegation welcomed the announcement in Luque. “Sake is considered a divine gift and is essential for social and cultural events in Japan,” Kano Takehiro, the Japanese ambassador to UNESCO, told The Associated Press. RELATED COVERAGE The roof restorers of Paris now have UNESCO Cultural Heritage recognition Japan’s sake brewers hope UNESCO heritage listing can boost rice wine’s appeal The basic ingredients of sake are few: rice, water, yeast and koji, a rice mold, which breaks down the starches into fermentable sugars like malting does in beer production. The whole two-monthlong process of steaming, stirring, fermenting and pressing can be grueling. The rice — which wields tremendous marketing power as part of Japan’s broader cultural identity — is key to the alcoholic brew. For a product to be categorized Japanese sake, the rice must be Japanese. The UNESCO recognition, the delegation said, captured more than the craft knowledge of making high-quality sake. It also honored a tradition dating back some 1,000 years — sake makes a cameo in Japan’s famous 11th century novel, “The Tale of Genji,” as the drink of choice in the refined Heian court. Now, officials hope to restore sake’s image as Japan’s premier alcoholic drink even as the younger drinkers in the country switch to imported wine or domestic beer and whiskey. “It means a lot to Japan and to the Japanese,” Takehiro said of the UNESCO designation. “This will help to renew interest in traditional sake elaboration.” Also, Japanese breweries have expressed hope that the listing could give a little lift to the country’s export economy as the popularity of sake booms around the world and in the United States amid heightened interest in Japanese cuisine. Sake exports, mostly to the U.S. and China, now rake in over $265 million a year, according to the Japan Sake and Shochu Makers Association, a trade group. Japan’s delegation appeared ready to celebrate on Wednesday — in classic Japanese style. After the announcement, Takehiro raised a cypress box full of sake to toast the alcoholic brew and cultural rite.
By Stephen Nakrosis Jiuzi Holdings said on Friday it terminated acquisition negotiations with battery company Shenzhen Maigesong Electric Technology on an amicable basis. In April the maker of electric vehicles said its Shenzhen Jiuzi New Energy Holding Group subsidiary entered into a non-binding letter of intent to acquire Shenzhen Maigesong. The parties couldn't reach consensus on issues including a cooperation model, resource integration approach and strategic objectives, Jiuzi said. The experience offered a number of insights, Jiuzi said, including a stronger understanding of industry trends and an optimized approach to resource allocation. Shares of Jiuzi rose following the news 6.7% to $1.43 per share in the after-hours market. Write to Stephen Nakrosis at stephen.nakrosis@wsj.comUS to require passenger vehicles to sound alarms if rear passengers don't fasten their seat belts
"Our growth as an organization always ties back to the success of our valued clients: when they succeed, so do we," said Mike Lane, CEO. "This recognition from Deloitte represents our clients' continuous investments in innovative solutions that transform the entire digital advertising industry." Post this Fluency's Chief Executive Officer, Mike Lane, credits the success of its clients and the increasing demand for automated solutions that deliver scalability, flexibility, and performance within the digital advertising industry. "Our growth as an organization always ties back to the success of our valued clients: when they succeed, so do we," said Lane. "This recognition from Deloitte represents our clients' continuous investments in innovative solutions that transform the entire digital advertising industry." As the first advertising operating system purpose-built for advertising management and execution at scale, Fluency enables agencies and organizations to streamline their advertising operations while retaining complete control over their strategies. By integrating Robotic Process Automation for Advertising (RPA4A) with secure AI, Fluency delivers an industry-unique combination of exponential time savings and efficiency gains, precision ad execution across channels, and continuous performance optimization. The OS is backed by best-in-class service and support teams, providing a complete partnership that helps its clients drive billions in comprehensive ad programs at scale—from campaign launches, to ongoing management, to performance optimization—while eliminating much of the manual and repeatable task work that leads to errors, wasted advertising budgets, and staff turnover. "For 30 years we've been celebrating companies that are actively driving innovation. The software industry... Fluency, Inc.
ATLANTA (AP) — President Joe Biden's administration announced Tuesday that the U.S. Department of Energy will make a $6.6 billion loan to Rivian Automotive to build a factory in Georgia that had stalled as the startup electric vehicle maker struggled to become profitable. It's unclear whether the administration can complete the loan before Donald Trump becomes president again in less than two months, or whether the Trump administration might try to claw the money back. Trump previously vowed to end federal electric vehicle tax credits , which are worth up to $7,500 for new zero-emission vehicles and $4,000 for used ones. Rivian made a splash when it went public and began producing large electric R1 SUVs, pickup trucks and delivery vans at a former Mitsubishi factory in Normal, Illinois, in 2021. Months later, the California-based company announced it would build a second, larger, $5 billion plant about 40 miles (64 kilometers) east of Atlanta, near the town of Social Circle. The R1 vehicles cost $70,000 or more. The company plans to produce R2 vehicles, a smaller SUV, in Georgia with lower price tags aimed at a mass market. The first phase of Rivian’s Georgia factory is projected to make 200,000 vehicles a year, with a second phase capable of another 200,000 a year. Eventually, the plant is projected to employ 7,500 workers. But Rivian was unable to meet production and sales targets and rapidly burned through cash. In March, the company said it would pause construction of the Georgia plant. The company said it would begin assembling its R2 SUV in Illinois instead. CEO RJ Scaringe said the move would allow Rivian to start selling the R2 sooner and save $2.25 billion in capital spending. Since then, German automaker Volkswagen AG said in June it would invest $5 billion in Rivian in a joint venture in which Rivian would share software and electrical technology with Volkswagen. The money eased Rivian's cash crunch. Tuesday's announcement throws a lifeline to Rivian's grander plans. The company said its plans to make the R2 and the smaller R3 in Georgia are back on and that production will begin in 2028. “This loan would enable Rivian to more aggressively scale our U.S. manufacturing footprint for our competitively priced R2 and R3 vehicles that emphasize both capability and affordability,” Scaringe said in a statement. The Energy Department said the loan would substantially boost electric vehicles made in the United States and support Biden’s goal of having zero-emission vehicles make up half of all new U.S. sales by 2030. “As one of a few American EV startups with light duty vehicles already on the road, Rivian’s Georgia facility will allow the company to reach production volumes that make its products more cost competitive and accelerate access to international markets,” the department said in a statement. The loan includes $6 billion, plus $600 million in interest that will be rolled into the principal. The money would come from the Advanced Technology Vehicles Manufacturing Loan Program, which provides low-interest loans to make fuel-efficient vehicles and components. The program has focused mostly on loans to new battery factories for electric vehicles under Biden, but earlier helped finance initial production of the Tesla Model S and Nissan Leaf, two pioneering electric vehicles. The loan program, created in 2007, requires a "reasonable prospect of repayment" of the loan. Under Biden, the program has announced deals totaling $33.3 billion, including $9.2 billion for massive battery plants in Tennessee and Kentucky for Ford’s electric vehicles. Democratic U.S. Sen. Jon Ossoff , who has been a vocal supporter of electric vehicle and solar manufacturing in Georgia, hailed Tuesday's announcement as “yet another historic federal investment in Georgia electric vehicle manufacturing.” Ossoff had asked Energy Secretary Jennifer Granholm to support the loan in July. “Our federal manufacturing incentives are driving economic development across the state of Georgia,” Ossoff said in a statement. Georgia Gov. Brian Kemp says his goal is to make Georgia a center of the electric vehicle industry. But the Republican has had a strained relationship with the Biden administration over its industrial policy, even as some studies have found Georgia has netted more electric vehicle investment than any other state. Kemp has long claimed that manufacturers were picking Georgia before Biden's signature climate law, the Inflation Reduction Act, was passed. Efforts to bring Rivian to Georgia predated the Biden administration and "our shared vision to bring opportunity to Georgia will remain no matter who resides in the White House or what party controls Congress,” Kemp spokesperson Garrison Douglas said Tuesday. The loan to Rivian could rescue one of the Kemp administration's signature economic development projects even as Biden leaves office. That could put Rivian and Kemp in the position of defending the loan if Trump tries to quash it. State and local governments offered Rivian an incentive package worth an estimated $1.5 billion in 2022. Neighbors opposed to development of the Georgia site mounted legal challenges. State and local governments spent around $125 million to buy and prepare the nearly 2,000-acre (810-hectare) site. The state also has completed most of $50 million in roadwork that it pledged. The pause at Rivian contrasts with rapid construction at Hyundai Motor Group’s $7.6 billion electric vehicle and battery complex near Savannah. The Korean automaker said in October that it had begun production in Ellabell, where it plans to eventually employ 8,500. Associated Press writer Matthew Daly in Washington contributed to this story.
