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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, ...

South Korea is looking to reach a trade agreement with the U.S.


In advance of ministerial-level consultations scheduled for next week and the ending of the U.S. tariff pause on August 1, the South Korean Presidential Office announced on Saturday that it would seek to craft a mutually acceptable trade package with the United States. 

The statement goes on to explain that the package would incorporate cooperation in the shipbuilding area, which is of utmost interest to U.S. Commerce Secretary Howard Lutnick, as he discussed it with South Korea's Minister of Industry, Kim Jung-Kwan, on Friday. 

The meeting on Friday was a follow-up, reiterating the commitment to reaching a trade deal by August 1, which Lutnick and Kim had arrived at the day before, after the joint meeting by the finance ministers and top trade envoys was postponed from Friday. 

Under an unintended tariff on 25%, South Korea is rushing to seam a trade agreement from Washington, as National Security Adviser Wi Sung-lac visited the U.S. last week for high-level talks and the Trade Minister Yeo Han-Koo is also in the States negotiating, with mounting pressure on officials to seal an agreement not worse than Japan's with reduced tariffs to 15%.

According to the Korean sources, trade negotiations between South Korea and the USA have included agricultural and digital service non-tariff barriers, but issues of foreign exchange were never part of the trade talks outside of the usual consultations. 

President Trump landed in Scotland on Friday, in a bilateral meeting with the President of the European Commission, Ursula von der Leyen, on Sunday, to cement a possible trade deal with the European Union after recently striking agreements with Japan and the Philippines this week.

American officials are slated to have the next round of talks with the Chinese over an extension of a separate deadline set between the nations for August 12, which will be held in Sweden next week.

Finance Minister Koo Yun-Cheol and Foreign Minister Cho Hyun of South Korea will also hold meetings with U.S. Treasury Secretary Scott Bessent and State Secretary Marco Rubio, respectively, next week.


SOURCE : NEWS AGENCIES

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