Author name: Rita Simmons

Rita Simmons is a writer who has written for News Trolley on the topics of politics, health, business, parenting, and finance. She's also a passionate reader and enjoys reading about business, politics, and society.

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Uber, Volkswagen pair up to launch robotaxi service in US with self-driving, electric microbuses

Volkswagen of America and Uber on Thursday unveiled an ambitious plan to launch a commercial robotaxi service — using autonomous electric VW ID. BUZZ vehicles — in multiple U.S. cities over the next decade. The companies expect to launch a commercial service in Los Angeles, the first city on the list, by late 2026. VW […]

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British startup Isembard lands $9M to reshore manufacturing for critical industries

Geopolitical pressures are accelerating a demand in many countries and regions to reshore — that is, to redevelop critical industry infrastructure, and to bring back businesses, which had moved or outsourced some or all of their industrial operations to cheaper countries further away. But that is easier said than done. In the key area of

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Adobe releases new Firefly image generation models and a redesigned Firefly web app

Adobe on Thursday launched the latest iteration of its Firefly family of image generation AI models, a model for generating vectors, and a redesigned web app that houses all its AI models, plus some from its competitors. There’s also a mobile app for Firefly in the works. The new Firefly Image Model 4, Adobe says,

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Adobe wants to create a robots.txt styled indicator for images used in AI training

For years, websites included information about what kind of crawlers were not allowed on their site with a robots.txt file. Adobe, which wants to create a similar standard for images, has added a tool to content credentials with an intention to give them a bit more control over what is used to train AI models.

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Scott Bessent attacks ‘Polyanna-ish’ IMF and demands clampdown on China’s export dominance

US Treasury Secretary Scott Bessent has launched a scathing attack on the International Monetary Fund (IMF), accusing the institution of turning a blind eye to China’s export-led economic dominance and neglecting its core responsibilities in favour of climate and social policy work. In a high-profile speech at the Institute of International Finance in Washington, Bessent

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Bank of England’s Andrew Bailey backs need for global trade reform amid Trump tariff threats

Bank of England governor Andrew Bailey has acknowledged that the United States “has a point” in criticising global trade imbalances, lending support to concerns raised by the Trump administration as the UK grapples with the economic fallout of rising tariffs and geopolitical uncertainty. Speaking at an event hosted by the Institute of International Finance in

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Inheritance tax hits record £8.2bn as frozen thresholds drag more families into net

Inheritance tax (IHT) receipts have hit a record high of £8.2 billion in the 2024-25 tax year, as rising asset values and long-frozen thresholds continue to draw more families into the tax net—even before major upcoming changes that will extend liability to pensions and farmland. New figures from HM Revenue & Customs show a significant

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Rachel Reeves to review import tax loophole in crackdown on cheap Chinese goods

Chancellor Rachel Reeves has pledged to review a controversial tax loophole that allows low-value goods from Chinese e-commerce giants such as Shein and Temu to enter the UK without paying customs duties—a move aimed at protecting British retailers from unfair competition and goods being “dumped” on the high street. The scheme, known as the “de

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