All posts tagged: suspends

GM suspends next-gen electric truck indefinitely as it retreats to gas

GM suspends next-gen electric truck indefinitely as it retreats to gas

Published by skeptic

General Motors has indefinitely suspended plans to refresh its full-size electric truck and SUV lineup, putting the future of the Chevrolet Silverado EV, GMC Sierra EV, Hummer EV, and Cadillac Escalade IQ in limbo beyond the current generation. The move marks yet another retreat from GM’s once-ambitious electric vehicle strategy, as the automaker doubles down on gas-powered trucks instead. GM shelves 2028 electric truck refresh According to a report from Crain’s Detroit Business, GM was planning to update its full-size electric lineup in 2028, including introducing lower-cost variants of several models to expand market share. Those plans have now been delayed indefinitely. When asked about the decision, GM declined to elaborate, stating only that it has “not disclosed any potential plans or timing for any next-generation battery electric trucks” and that it would not “engage in speculation.” Advertisement – scroll for more content The news comes on the heels of a brutal stretch for GM’s EV division. The automaker recorded $7.6 billion in EV-related charges during 2025, including a $6 billion writedown tied to scrapping …

Italy’s Meloni suspends defence cooperation deal with Israel

Italy’s Meloni suspends defence cooperation deal with Israel

Published by Sam Flores

Italy’s Prime Minister Giorgia Meloni said on Tuesday her government had suspended a defence cooperation deal with Israel, reflecting frayed ties between ​previously close ‌allies as the conflicts in the Middle East continue. Meloni’s right-wing government has been one ⁠of Israel’s closest friends in Europe, but in recent weeks it has criticised its attacks on Lebanon, which have killed hundreds and injured thousands. Source link

Italy suspends defence agreement with Israel as Lebanon attacks stoke tensions

Italy suspends defence agreement with Israel as Lebanon attacks stoke tensions

Published by Sam Flores

Italy has suspended its defence agreement with Israel, which involves the exchange of military equipment and technology research, Prime Minister Giorgia Meloni and diplomatic sources said Tuesday. “In view of the current situation, the government has decided to suspend the automatic renewal of the defence agreement with Israel,” Meloni said on the sidelines of an event in Verona, according to Italian news agencies ANSA and AGI. An Italian diplomatic source confirmed to AFP that the agreement had been suspended, saying: “It would have been politically difficult to keep it going.” Approved by Israel in 2006, the agreement is reviewed every five years. It calls for cooperation across defence industries, education and training of military personnel, research and development and information technology, among others. Tensions between the two countries have risen over the past week after the Italian government accused Israeli forces of firing warning shots at a convoy of Italian UN peacekeepers in Lebanon. Italy summoned Israel’s ambassador in protest over the incident that damaged at least one vehicle but caused no injuries. On Monday, …

Eric Swalwell suspends campaign for California governor

Eric Swalwell suspends campaign for California governor

Published by Sam Flores

Rep. Eric Swalwell (D-CA) Yuri Gripas | Reuters Rep. Eric Swalwell on Sunday evening said he was suspending his campaign for California governor on the heels of sexual misconduct allegations against the Democratic lawmaker. “To my family, staff, friends, and supporters, I am deeply sorry for mistakes in judgment I’ve made in my past,” Swalwell, 45, said in a post on X announcing the suspension of his campaign. “I will fight the serious, false allegations that have been made — but that’s my fight, not a campaign’s,” said Swalwell, a married father of three. Swalwell’s announcement came after growing calls by former allies and others that he drop out of the race to succeed Gov. Gavin Newsom, a fellow Democrat, and a day after the Manhattan District Attorney’s Office said it was investigating a claim that Swalwell sexually assaulted one of his accusers in New York City in April 2024. In a statement on Sunday, more than 50 former Swalwell staff members urged him to resign from Congress and to quit the gubernatorial contest. “No …

Cash-Strapped US Postal Service Suspends Contributions to Pension Plan

Cash-Strapped US Postal Service Suspends Contributions to Pension Plan

Published by Sam Flores

WASHINGTON, April 9 (Reuters) – The U.S. ⁠Postal ⁠Service said Thursday it ⁠will temporarily suspend employer payments for a federal pension program ​to conserve cash amid a severe financial crisis. USPS told the White House Office ‌of Personnel Management that effective ‌Friday it will stop making $200 million payments every other week for ⁠its employer ⁠contributions for the defined benefit portion of the Federal Employees Retirement ​System. USPS warned Thursday that without reforms it could run out of cash as soon as February. USPS estimated it will save $2.5 billion with the action through September ​30 and said there would not be any immediate detrimental impact on ⁠current ⁠or future retirees if ⁠the payments ​are temporarily withheld. The service has reported net losses of $118 billion since 2007 as ​first-class mail, its ⁠most profitable product, has fallen to its lowest volume since the late 1960s. USPS in February reported a quarterly loss of $1.25 billion. “The risk to the Postal Service and the American public from insufficient liquidity for postal operations dramatically ⁠outweighs any longer-term …

California Suspends Enforcement of Law Requiring VCs to Report Diversity Data

California Suspends Enforcement of Law Requiring VCs to Report Diversity Data

Published by skeptic

Under a new state regulation, venture capital firms operating in California were supposed to submit demographic data about their portfolio companies, including the gender and race of startup founders they backed. But amid public criticism from some tech leaders, the California agency administering the new requirement suspended it just before the Wednesday deadline for firms to make their first disclosures. “The California Department of Financial Protection and Innovation (DFPI) has announced that it plans to initiate rulemaking in response to comments by various stakeholders relating to the Fair Investment Practices by Venture Capital Companies Law,” the state agency posted on its website in mid-March. “Implementation and enforcement of the [law] will be suspended pending completion of the rulemaking and until final regulations are in place.” California lawmakers first passed the measure in 2023, and it was signed into law shortly thereafter by Governor Gavin Newsom. For decades, women and people of color have received only a small share of overall startup funding relative to their representation in the US population. Lawmakers hoped putting more public …

De-fi platform Drift suspends deposits and withdrawals after millions in crypto stolen in hack

De-fi platform Drift suspends deposits and withdrawals after millions in crypto stolen in hack

Published by skeptic

Decentralized finance company Drift says it has suspended withdrawals and deposits after confirming a security incident.  The crypto platform said in a post on X that it was “experiencing an active attack,” and that it was working to “contain the incident.” Security researchers and public blockchain data suggest the losses could be significant. Blockchain security firm CertiK said on X that hackers may have stolen around $136 million, while crypto analytics firm Arkham put the figure at around $285 million stolen. If confirmed, this would make the Drift hack the largest crypto theft of the year, according to the Rekt leaderboard, a site that tracks crypto thefts by size. It’s not clear who is behind the attack, and a spokesperson for Drift did not immediately respond to a request for comment. Security firms say North Korea was behind the most crypto thefts last year, netting at least $2 billion in stolen cryptocurrency, funds the regime is believed to use to finance its nuclear weapons program and skirt international sanctions that restrict its access to the …

Appeals Court Suspends Order for Voice of America Employees to Return to Work

Appeals Court Suspends Order for Voice of America Employees to Return to Work

Published by Sam Flores

WASHINGTON (AP) — An appeals court panel agreed Tuesday to suspend a federal judge’s order for the Trump administration to bring hundreds of Voice of America employees back to work from paid leave. The three-judge panel from the U.S. Court of Appeals for the District of Columbia Circuit issued a stay pending the government’s appeal of the lower court’s March 17 ruling. More than 1,000 employees of Voice of America will remain on administrative leave while the appeals court weighs the case, a process that could take months. U.S. District Judge Royce Lamberth ordered President Donald Trump’s administration to restore the government-run Voice of America’s operations after it had effectively been shut down a year ago. Lamberth was nominated by Republican President Ronald Reagan. The case is assigned to Circuit Judges Karen LeCraft Henderson, Robert Wilkins and Gregory Katsas. Henderson was nominated by Republican President George H.W. Bush. Wilkins was nominated by Democratic President Barack Obama. Katsas was nominated by Trump, a Republican. Voice of America has broadcast news reports to countries around the world …

Politics Home Article | Labour Suspends Outspoken MP Karl Turner

Politics Home Article | Labour Suspends Outspoken MP Karl Turner

Published by Sam Flores

(Alamy) 2 min read42 min Karl Turner MP has had the Labour whip suspended after a series of strong public criticisms of No 10 and government policy.  Turner has been particularly vocal in his opposition to jury trial reforms, but has also publicly criticised the Keir Starmer operation. PoliticsHome understands that the suspension did not relate to a specific incident and was in response to a pattern of behaviour towards colleagues. Some Labour MPs were unhappy with an interview that the Hull East MP gave to campaigner Jody McIntyre, who stood against Labour MP Jess Phillips at the last general election. Turner claimed that he had not been made aware that he had had the whip suspended before it was reported by the media. Writing on X on Tuesday afternoon after the suspension was confirmed to PoliticsHome, he said: “I am being told that I have had the whip suspended but I have not had any notification from the whips about this. It seems journalists have been told but I have not.” Turner, who was first elected in 2010, wrote …

Israel suspends battalion that detained CNN crew in West Bank

Israel suspends battalion that detained CNN crew in West Bank

Published by Sam Flores

The Israeli military suspended a battalion of reservist soldiers on Monday, days after it detained a CNN crew in the West Bank village of Tayasir. Jeremy Diamond, CNN’s Jerusalem correspondent, and his team were in Tayasir on Thursday reporting on attacks by Israeli settlers on Palestinians when soldiers from the Israel Defense Forces’ Netzah Yehuda unit intervened. One of the soldiers placed Cyril Theophilos, a CNN photojournalist, in a chokehold, brought him to the ground and damaged his camera, the network reported. The crew members were detained for about two hours. Source link