) was higher after saying it will invest up to US$1.1-billion in Infinium, in a push to accelerate the availability of low-carbon sustainable aviation fuels .
In tandem with Catalyst’s investment, Infinium had singed a deal with American Airlines to sell commercial volumes of e-SAF starting in 2026. e-SAF is a cleaner alternative to SAF, but its production is limited, with few refineries and airlines committed to its use.) shares soared on Tuesday as the cloud computing company’s upbeat quarterly results and forecast reinforced investor confidence about its ability to narrow the gap with the market leaders.
Oracle’s cloud infrastructure is also powered by Nvidia’s hardware, widely considered the gold standard for AI semiconductors. Tesla’s proposed tariff rate will drop to 7.8 per cent, from 9 per cent, a source told Reuters. For BYD, there was no change to its 17-per-cent tariff. For Geely, the new rate would be 18.8 per cent from a previous 19.3 per cent. A peak rate of 35.3 per cent would apply to SAIC and other companies not cooperating with EU investigation, the source said.The European Commission, which is conducting the anti-subsidy investigation into EVs made in China, declined to comment.
The widely anticipated deal was a key step to achieving the company’s $3-billion asset sale target for 2024. The case drew outrage from Apple when it was opened in 2016, with CEO Tim Cook calling it “total political crap.” Then-U.S. President Donald Trump slammed European Commissioner Margrethe Vestager, who spearheaded the campaign to root out special tax deals and crack down on big U.S. tech companies, as the “tax lady” who “really hates the U.S.”
It boasts an AI assistant with text summary, translation and editing functions, as well as AI-boosted image editing functions such as trimming unwanted parts of photos. Southwest said Tuesday that six directors will leave the board in November and it plans to appoint four new ones, who could include candidates put forward by Elliott.
Southwest has improved its operations, and its cancellation rate since the start of 2023 is slightly lower than industry average and better than chief rivals United, American and Delta, according to FlightAware. However, Southwest planes have been involved in a series of troubling incidents this year, including a flight that came within 400 feet of crashing into the Pacific Ocean, leading the Federal Aviation Administration to increase its oversight of the airline.
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