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A Florida jury ordered Tesla to pay $243 million for the fatal Autopilot crash.

 A Florida jury ordered Tesla to pay $243 million for the fatal Autopilot  Elon Musk's electric vehicle company may face additional legal action after a Florida jury on Friday found Tesla (TSLA.O), opens new tab, liable to pay $243 million to victims of a fatal crash in 2019 involving a Model S equipped with Autopilot.  For victims of Autopilot-related accidents, the verdict is an uncommon victory. Based on a more sophisticated version of its driver assistance software, Musk has been pushing for a quick expansion of Tesla's recently launched robotaxi business.  Tesla's stock is down 25% so far this year after dropping 1.8% on Friday.  According to a verdict sheet, jurors in a federal court in Miami granted the estate of Naibel Benavides Leon and her ex-boyfriend Dillon Angulo $129 million in compensatory damages and $200 million in punitive damages .  33% of the compensatory damages, or $42.6 million, were attributed to Tesla.  Although George McGee, ...

Discuss the winds of change in the market, as the stock exchange reacts to the Trump administration's tariff threat against the European Union and Mexico.


The major European indices suffered heavy losses on Monday as EU ministers met to discuss their reaction to Trump’s alliance to start levying a 30% tariff against the bloc’s goods from August 1.

Germany’s DAX was down almost 0.9 percent by 08:30 GMT, while the CAC 40, IBEX 35, and FTSE MIB were down from 0.7 to 0.8 percent.

The STOXX 600 index declined about 0.5 percent.

UK’s FTSE 100 would try to hold the rally, up by 0.2 percent.

Asia markets remained broadly tentative with Japan’s Nikkei 225 retreating by about 0.3 percent while the Hang Seng dipped by the same amount.

Off-hours US futures fell early Monday, with those for the S&P 500 and the Nasdaq Composite index plunging by over half a percent.

Markets are jittery with the August 1 deadline looming for US trade partners to strike trade deals with the other side.

No agreements have been announced by the Trump administration aside from the UK, China, and Vietnam, despite the long negotiations.

If Brussels and Washington cannot agree, EU officials threatened to impose retaliatory tariffs on US goods worth approximately 100 billion euros ($117bn).

In 2024, the EU was the largest trading partner of the US, with bilateral trade in goods and services amounting to 1.7 trillion euros ($2 trillion), according to the EU statistics agency Eurostat. 

On Sunday, European Commission President Ursula von der Leyen announced that the bloc would now push back the imposition of retaliatory tariffs on the US to August to give more time for officials to try and wrangle an agreement with the Trump administration.

"We've always stated clearly that we want to have a negotiated solution," said von der Leyen.


SOURCE : NEWS AGENCIES

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