Overview of TOP weekly news 23.3.2022

23 / 03 / 2022
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Boeing 737 crashed in China

On Monday afternoon news were reported, that Boeing 737 with 132 passengers on board crashed in China. So far, there has been no survivors found while the search for black box continues. For now, it is not known what the reason for accident was, but one thing is for sure – it certainly is not a good thing for company Boeing, which already had couple debacles like this. Just 3 years ago, Boeing 737 MAX were grounded for one year and a half, after 346 people died into accidents, which had a lot of similarities. Just 2 years after the green light, new crash happened.

Apple service down for second straight day

Apple services, which includes App Store resume to work, after the second day in a row service was down. Tuesday’s outage was reportedly more harmful than the day before, as it also affected Mac App Store, Books, Cards etc. It was not immediately clear what caused these outages, but some sources reported, that Apple told their staff that the outage stemmed from domain name system – known also as DNS, which is an address book of the internet which enables computers to match website addresses with the correct server. Apple hasn’t commented on the outage yet.

Elon Musk hands drivers first Tesla cars

Elon Musk, the owner of Tesla company among others, was cheered as he oversaw the handover of Tesla’s first German-made cars at its plant in Germany on Tuesday, which marked the start of the U.S. automaker’s European hub after two years it was first announced. Musk said that this is a great day for the factory and is a big step in the direction of the sustainable future. At this occasion, Elon said that Tesla might launch a test version of the full self-driving vehicle in Europe next year, depending on regulatory approval.

Nvidia started production of DRIVE Orin

On Tuesday, numerous announcements came out from Nvidia, technological giant, that they have started with production of their DRIVE Orin. Nvidia DRIVE Orin is an autonomous vehicle computer. Company also showcased new automakers adopting the Nvidia DRIVE platform. Furthermore, they have also announced its automotive pipeline has increased to over 11 billion dollars over the next six years. As reported by the company, 25 carmakers already adopted Orin, including Lucid Group, GTC, BYD, while NIO, Li Auto and Xpeng are said to be developing software-defined fleets using DRIVE.

Movement of Nvidia in the last 5 years. (Source: Trading Economics) *

GM recalls 740.000 SUVs

General Motors Co. said that it will recall 740.000 U.S. sport utility vehicles (SUVs), to address a headlight glare problem, after U.S. regulators rejected its request to avoid calling them back. Earlier this month, the National Highway Traffic Safety Administration denied GM’s 2019 petition to declare the issue inconsequential for GMC Terrain vehicles from the 2010 through 2017 model years. GM said that the issue had corrected in replacement parts and does not affect current generation vehicles. The car maker said, they are still developing a fix.

What to watch this week:

  • On Thursday, important data from Europe – PMI, USA – unemployment claims and form Great Britain – PMI
  • On Friday, we can check retail sales data in Great Britain and German IFO business climate report

* Past performance is no guarantee of future results.

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