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Need a ride? Your local 3-D printer can build this minibus

Jun 17, 2016

Need a ride? Your local 3-D printer can build this minibus

A new maker of self-driving vehicles burst onto the scene Thursday in partnership with IBM’s supercomputer platform Watson, and it is ready to roll right now. Arizona-based startup Local Motors is offering Olli, an electric minibus capable of carrying 12 people. It says the ...

Philadelphia levies tax tax on sugary and diet beverages

Jun 17, 2016

Philadelphia levies tax tax on sugary and diet beverages

Philadelphia became the first major American city with a soda tax on Thursday despite a multimillion-dollar campaign by the beverage industry to block it. The City Council gave final approval to a 1.5 cent-per-ounce tax on sugary and diet beverages. The tax is set ...

| Jun 16, 2016

Yen soars to 22-month high on BOJ inaction

The dollar plunged below ¥104 in Tokyo trading on Thursday amid massive selling prompted by the Bank of Japan’s policy inaction and receding expectations for an early interest rate increase by the U.S. Federal Reserve. At 5 p.m., the dollar stood at ¥103.93-93, slipping ...

Jun 16, 2016

Suga tells ministries to ask for more funding for tourism improvements

Chief Cabinet Secretary Yoshihide Suga instructed government ministries Thursday to include “effective and bold” measures to lure more foreign tourists in their budget requests for fiscal 2017. Prime Minister Shinzo Abe’s administration has set a target of 40 million foreign visitors in 2020, when ...