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Nvidia boosts self-driving AI business with Volvo trucks deal

2 hours ago DieselGasoil Comments Off on Nvidia boosts self-driving AI business with Volvo trucks deal
STOCKHOLM (Reuters) – Sweden’s AB Volvo is joining forces with Nvidia to develop artificial intelligence used in self-driving trucks, in a boost for the U.S. chipmaker that was ditched by Tesla last year. FILE PHOTO: A Volvo logo is pictured on the stand during the 87th International Motor Show at Palexpo in Geneva, Switzerland, March Read More

German insurers to pay 650 million euro for damage caused by June storms: GDV

5 hours ago DieselGasoil Comments Off on German insurers to pay 650 million euro for damage caused by June storms: GDV
BERLIN (Reuters) – German insurance companies will have to pay claims of about 650 million euros ($727.09 million) for damage caused by thunderstorms that hit the country from June 3 to June 12, industry association GDV said on Tuesday. The severe weather caused almost 250,000 cases of damage that was insured, GDV said in a Read More

Analysis: Persian Gulf tensions offer South Korea the chance to clear surplus naphtha barrels

9 hours ago DieselGasoil Comments Off on Analysis: Persian Gulf tensions offer South Korea the chance to clear surplus naphtha barrels
Highlights South Korea’s naphtha stockpiles reach 2019 peak in April Ethylene producers keen to absorb domestic naphtha stockpiles Taiwan’s CPC Corp. seeks replacement naphtha after tanker fire Logistics jitters in Persian Gulf waters following the latest tanker fire incident could provide South Korea with a golden opportunity to offload its growing naphtha stockpiles as regional Read More

Fujairah bunker demand takes near-term hit after tanker attacks: sources

10 hours ago DieselGasoil Comments Off on Fujairah bunker demand takes near-term hit after tanker attacks: sources
Singapore — Bunkering demand at the port of Fujairah in the UAE has dipped a bit following recent tanker attacks in the Middle Eastern region, though it’s not clear if the trend is just temporary, bunker market sources said this week. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Read More

Insurance costs rocket for U.S. IPOs as twitchy investors take to courts

21 hours ago DieselGasoil Comments Off on Insurance costs rocket for U.S. IPOs as twitchy investors take to courts
(Reuters) – Companies going public in the United States face insurance costs that have increased as much as 200% in the last three years to cover their executives against lawsuits alleging they misled investors. FILE PHOTO: Lyft President John Zimmer and CEO Logan Green applaud as Lyft lists on the Nasdaq at an IPO event Read More

Your Money: Millennials should shrug off annuities for now

1 day ago DieselGasoil Comments Off on Your Money: Millennials should shrug off annuities for now
NEW YORK (Reuters) – The days of guaranteed pensions from work are long gone, but can annuities make up the difference for millennials? Congress is on the cusp of passing retirement reform legislation that will open 401(k) plans to annuity products which guarantee lifetime income, alongside the more typical offerings of mutual funds, target-date funds Read More

Goldman skeptical of ‘insurance’ U.S. rate cuts from Fed

2 days ago DieselGasoil Comments Off on Goldman skeptical of ‘insurance’ U.S. rate cuts from Fed
(Reuters) – Goldman Sachs economists said on Sunday they are skeptical of “insurance” U.S. interest rate decreases from the Federal Reserve to forestall possible slowing in U.S. economic growth due to global trade tensions. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie/File Photo A surprise escalation Read More

No hard stuff: London Metal Exchange bans traders from boozing during work hours

2 days ago DieselGasoil Comments Off on No hard stuff: London Metal Exchange bans traders from boozing during work hours
In an attempt to improve the image of its industry, the world’s largest metals bourse, the London Metal Exchange (LME), is planning to enforce an official ban on alcohol consumption for its floor traders during their working day. The exchange expects its dealers to pursue a zero-tolerance policy towards alcohol, as they are in charge Read More

Drunk man terrorizes streets of small Polish town in Soviet tank

4 days ago DieselGasoil Comments Off on Drunk man terrorizes streets of small Polish town in Soviet tank
Police in central Poland responded to a late evening call over an incident that surely sent chills down the spines of Russophobe conspiracy theorists: a T-55 tank rampaging down the main street. When police arrived at the scene in the town of Pajeczno on Thursday night, they found the Soviet-era tank casually parked on a Read More