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Apple scales back car ambitions

Apple (NASDAQ:AAPL) is scaling back plans to build actual self-driving cars, and will instead focus on creating autonomous systems, NYT reports. It follows complications over the last few years, including shifting priorities, unrealistic deadlines and lack of a clear vision for the end product. In the meantime, Apple is focusing on a self-driving campus shuttle called PAIL – short for “Palo Alto to Infinite Loop.”

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10 Museums in 10 Days? A Chinese Start-Up (Virtually) Gives Children a Tour

But educational projects that serve rural areas, however beneficial, also call attention to systemic inequalities in China’s education system, the experts said. “It’s definitely a great model,” Lingxin Hao, a sociology professor at Johns Hopkins University who studies rural education in China, said of the virtual museum project. “But all the N.G.O.s and charities cannot solve the problems because the problems have to be changed by policy makers in the central government. They have to face the problems and redistribute resources.” The Chinese government has invested heavily in rural education…

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Mutual funds reportedly mark down investments in Uber by up to 15%

David Paul Morris | Bloomberg | Getty Images Pedestrians walk past the Uber Technologies headquarters building in San Francisco, California, U.S., on June 21, 2017. Four mutual fund companies have marked down their investments in Uber Technologies by as much as 15 percent following the ride-hailing company’s scandal-ridden year, the Wall Street Journal reported on Tuesday. Three of the investors, Vanguard Group, Principal Funds and Hartford Funds, all marked down their shares by 15 percent to $41.46 a share for the quarter ended June 30, according to the fund companies’…

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Germany is trying to stop China from gobbling up its companies — but there may be a downside

Oliver Berg | AFP | Getty Images The headquarters of chip equipment maker Aixtron is pictured in Herzogenrath, western Germany on October 25, 2016. For many firms, however, tighter regulations are an infringement of the state of the free market and simply block much-needed investment. “I’m wondering how many companies need protection,” Kim Schindelhauer, chief executive of Aixtron, told CNBC. “We are talking here about global companies who do huge amounts of business overseas.” Aixtron was the subject of a high profile $728 million Chinese takeover bid in 2016. The…

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Europe Edition: Ischia, Barcelona, Afghanistan: Your Wednesday Briefing

Cities across Europe, like Frankfurt, above, are taking steps to protect pedestrians after a series of terrorist attacks using cars. _____ Photo Credit Azad Lashkari/Reuters • Iraqi forces are advancing in their offensive to retake the stronghold of Tal Afar from the Islamic State. U.S. Defense Secretary Jim Mattis, above left, is in Iraq for talks to address renewed political instability fueled by regional rivalries. In Erbil, he reiterated his request that a referendum next month on Kurdish independence be postponed. Separately, YouTube inadvertently removed videos that could be used…

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ESPN, Citing Safety, Says Robert Lee Won’t Broadcast Virginia Football Game

Photo Robert Lee, right, an ESPN announcer. The network said that for his safety he would not be in the broadcast booth as planned for the University of Virginia’s Sept. 2 game at Charlottesville. Credit ESPN, via YouTube ESPN has removed an announcer from its broadcast of the University of Virginia’s first football game next month because he has the same name as a Confederate general memorialized in statues that are being taken down across the country. The network announced late Tuesday that the announcer, Robert Lee, a part-time employee…

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Yankees 13, Tigers 4: Tanaka’s Efficiency and Sanchez’s Power Lead Yankees Past the Tigers

If so, it was a solid start on both counts Tuesday night, as the Yankees walloped the woeful Detroit Tigers, 13-4. Gary Sanchez, replacing the struggling Aaron Judge in the No. 3 spot in the lineup, hit two homers — including a mammoth 493-foot blast — and Judge, batting cleanup, ended his strikeout streak at 37 consecutive games as the Yankees remained four and a half games behind the Red Sox. Quietly, Tanaka did his part with an efficient, if not dynamic, effort. In seven innings, he allowed three runs…

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At Rally, Trump Blames Media for Country’s Deepening Divisions

“I won’t do it tonight because I don’t want to cause any controversy,” Mr. Trump said. “I’ll make a prediction: I think he’s going to be just fine.” In an angry, unbridled and unscripted performance that rivaled the most sulfurous rallies of his presidential campaign, Mr. Trump sought to deflect the anger toward him against the news media, suggesting that the press, not him, was responsible for deepening divisions in the country. Photo Supporters cheered for President Trump as he arrived Tuesday for a campaign rally in Phoenix. Credit Tom…

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