Barbra: The best soccer players of all time
20.10.2022
Ross: Thank you :)
Other companies may soak up more of the limelight, but Nuro's been a quiet, busy bee. In fact, Nuro's R2 self-driving car is the only vehicle to receive an exemption from the US Department of Transportation to operate despite having no human controls. Now, this robo pod is getting in on the pizza delivery business.
Domino's and Nuro announced Monday that the latter's autonomous car will report for pizza delivery duty this week. It's only for customers in the vicinity of a single pizza shop in the Houston area, but still -- this is wild. On certain days and in blocked-out periods of time, customers can request their pizza for delivery via a Nuro R2 if they place a prepaid order online. Domino's will select a customer at random to carry out the delivery order, and the customer will receive text message notifications saying where the little robocar is. They'll also get a PIN that'll let them access their order when it arrives. No pizza thievery allowed, guys.
Enter the PIN and grab your grub.
Domino'sOnce the R2 pulls up to the destination, the customer enters the PIN on the touchscreen and the doors retract to reveal the food inside.
Nuro actually announced this program all the way back in 2019 and said it planned to work with Domino's to use its latest R2 self-driving car. Back then, it was still working with what it called the R1. With the R2 roadworthy in the US these days, the program's ready to roll. Nuro also partnered with Kroger to <
19.10.2022
Ross: Thank you :)
Other companies may soak up more of the limelight, but Nuro's been a quiet, busy bee. In fact, Nuro's R2 self-driving car is the only vehicle to receive an exemption from the US Department of Transportation to operate despite having no human controls. Now, this robo pod is getting in on the pizza delivery business.
Domino's and Nuro announced Monday that the latter's autonomous car will report for pizza delivery duty this week. It's only for customers in the vicinity of a single pizza shop in the Houston area, but still -- this is wild. On certain days and in blocked-out periods of time, customers can request their pizza for delivery via a Nuro R2 if they place a prepaid order online. Domino's will select a customer at random to carry out the delivery order, and the customer will receive text message notifications saying where the little robocar is. They'll also get a PIN that'll let them access their order when it arrives. No pizza thievery allowed, guys.
Enter the PIN and grab your grub.
Domino'sOnce the R2 pulls up to the destination, the customer enters the PIN on the touchscreen and the doors retract to reveal the food inside.
Nuro actually announced this program all the way back in 2019 and said it planned to work with Domino's to use its latest R2 self-driving car. Back then, it was still working with what it called the R1. With the R2 roadworthy in the US these days, the program's ready to roll. Nuro also partnered with Kroger to <
19.10.2022
Melisa: Thanks :)
Scramble reveals complicated web of regulation
*
Regulators focus on Oct 14 gilts market deadline
*
Pension funds build up collateral pools
*
Regulator says no plan could foresee gilts move
By Huw Jones, Carolyn Cohn and Tommy Wilkes
LONDON, Oct 6 (Reuters) - A scramble for cash by Britain's pension funds after last week's bond market crash has raised questions about oversight of a 1.6 trillion pound ($1.8 trillion) business that has grown rapidly in recent years.
Pension funds had to post emergency collateral in liability-driven investments (LDI), which deploy a mix of both leveraged and unleveraged derivatives to safeguard against shortfalls in pension pots, after British government bond yields rocketed.
To halt freefalling prices, the Bank of England was forced to pledge to buy as much as 65 billion pounds ($73.63 billion) of long-dated government bonds, known as gilts.
Many pension funds struggled to find the extra cash at short notice. Some had to sell gilts in a firesale that put further upward pressure on yields and threatened a wider meltdown.
"Pension regulation is not the direct remit of Bank of England but stability of the financial system is," said Ian Tonks, professor of finance at the University of Bristol Business School.
After the global financial crisis of more than a decade ago, regulators tightened rules on banks. But pension funds, insurers and asset managers remain more loosely regulated, prompting warnings of even greater threats to financial stability.
LDI is a regulatory "grey area", one pensions industry source said. The Pensions Regulator (TPR) has day-to-day oversight of pension schemes to ensure they were well hedged, but it is not a financial regulator, meaning it is less focused on the risk behind the schemes' use of financial instruments.
Pension trustees decide on whether to use LDI, often based on advice from consultants w
19.10.2022
Melisa: Thanks :)
Scramble reveals complicated web of regulation
*
Regulators focus on Oct 14 gilts market deadline
*
Pension funds build up collateral pools
*
Regulator says no plan could foresee gilts move
By Huw Jones, Carolyn Cohn and Tommy Wilkes
LONDON, Oct 6 (Reuters) - A scramble for cash by Britain's pension funds after last week's bond market crash has raised questions about oversight of a 1.6 trillion pound ($1.8 trillion) business that has grown rapidly in recent years.
Pension funds had to post emergency collateral in liability-driven investments (LDI), which deploy a mix of both leveraged and unleveraged derivatives to safeguard against shortfalls in pension pots, after British government bond yields rocketed.
To halt freefalling prices, the Bank of England was forced to pledge to buy as much as 65 billion pounds ($73.63 billion) of long-dated government bonds, known as gilts.
Many pension funds struggled to find the extra cash at short notice. Some had to sell gilts in a firesale that put further upward pressure on yields and threatened a wider meltdown.
"Pension regulation is not the direct remit of Bank of England but stability of the financial system is," said Ian Tonks, professor of finance at the University of Bristol Business School.
After the global financial crisis of more than a decade ago, regulators tightened rules on banks. But pension funds, insurers and asset managers remain more loosely regulated, prompting warnings of even greater threats to financial stability.
LDI is a regulatory "grey area", one pensions industry source said. The Pensions Regulator (TPR) has day-to-day oversight of pension schemes to ensure they were well hedged, but it is not a financial regulator, meaning it is less focused on the risk behind the schemes' use of financial instruments.
Pension trustees decide on whether to use LDI, often based on advice from consultants w
19.10.2022
