Mexico Looks to Tap Debt Markets With Offering to Support Pemex
The offering will consist of dollar-denominated debt maturing August 2030, according to a person familiar with the matter. Initial price talks are around 200 basis points over US Treasuries, added the person, who requested anonymity because the information is private.
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Dublin-based nonprofit lays off 80 central Ohio workers, cites AI and federal cuts
DUBLIN, Ohio (WCMH) — A Dublin-based organization that manages the Dewey Decimal System and partners with libraries worldwide has laid off dozens of central Ohio employees, citing the rise of artificial intelligence and federal funding cuts. OCLC, a global nonprofit with thousands of library members in more than 100 countries, confirmed to NBC4 it recently reduced its central Ohio workforce by about 80 positions. Headquartered at 6565 Kilgour Place in Dublin, OCLC said in a statement that the layoffs come as the organization 'is operating in a rapidly changing environment.' Inside Intel's announcement to further slow construction in New Albany 'Artificial Intelligence and other technology changes require different skills and provide opportunity for efficiencies,' spokesperson Bob Murphy said. 'Reasons for this adjustment include shifts in technical skill requirements, growing influence of artificial intelligence, and ongoing changes in higher education and libraries.' Watch a previous NBC4 report on federal library funding cuts in the video player above. Still, OCLC has several open positions and will hire for more new roles in the future as the organization continues 'to expand to serve libraries all over the world,' Murphy said. It's unclear whether the nonprofit's new roles will be based in central Ohio, but six of OCLC's seven active job postings state they are for hybrid roles in Dublin. OCLC employs a global staff of 1,300, including about 800 in central Ohio. The organization serves public institutions and libraries around the world by providing shared technology, software, research and data services like WorldCat, the world's largest library database that publishes the Dewey Decimal System. The library nonprofit's layoffs follow the Trump administration's decision earlier this year to dismantle the Institute of Museum and Library Services, an agency that funds and promotes libraries and cultural institutions nationwide. The move means Ohio libraries could lose of millions of dollars in funding, used to support programs accessible to communities across the state. What the end of pandemic rental assistance means for Columbus While OCLC partly points to AI for the workforce cuts, the organization announced in June it is using AI 'to deliver faster, smarter resource sharing solutions for libraries.' First launched in 2020 as automation tools, the nonprofit's latest 'smart fulfillment features' now incorporate AI that optimizes interlibrary loan processes and enabling libraries to deliver items faster. The organization was founded in 1967 as the Ohio College Library Center, but later changed its name to OCLC. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Solve the daily Crossword
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Tesla facing potential major statewide ban on all sales: 'Not capable'
The California Department of Motor Vehicles moved one step closer to enacting a staggering 30-day ban on Tesla vehicle sales, vigorously arguing during a weeklong hearing that the company misled consumers over the capabilities of its "Full Self-Driving" and "Autopilot" technologies, with deadly results, Business Insider reported. "These labels and descriptions represent specifically that [Tesla]'s vehicles will operate as autonomous vehicles, which they could not and cannot do," said Rob Bonta, the California attorney general, per The News Wheel. What's happening? In 2022, the California DMV filed a formal accusation alleging that Tesla "made or disseminated statements that are untrue or misleading, and not based on facts, in advertising vehicles as equipped, or potentially equipped, with advanced driver assistance system (ADAS) features." Specifically, the DMV accused Tesla of using names and messaging that strongly indicate its cars can operate fully autonomously without the need for human monitoring or intervention. "But vehicles equipped with those ADAS features could not at the time of those advertisements, and cannot now, operate as autonomous vehicles," the accusation said. After years of delay, in mid-July, the DMV finally got the chance to make its case before an administrative judge, arguing that Tesla advertised its driver-assist features as if they offered full autonomy while saying otherwise in the fine print. In making its case, the DMV cited Tesla's own ads, including one stating, "The system is designed to be able to conduct short and long-distance trips with no action required by the person in the driver's seat." "To me, 'Autopilot' means it can drive itself or do things on its own," testified Melanie Rosario, commander-sergeant of the DMV Valley Area Command, per Business Insider. Lawyers for Tesla argued that the company never claimed its vehicles could operate fully independently of a human operator. "Cars with Full Self-Driving capabilities are currently not capable of driving themselves," Matthew Benedetto, an attorney representing Tesla, said during the hearing, Business Insider reported. Do you think Tesla can bounce back from its recent struggles? Yes It depends on Elon's actions I don't think it's struggling Nope Click your choice to see results and speak your mind. What would be the implications if Tesla sales are banned in California? The hearing came at a crucial time for Tesla, as the company's recent sales slump continued through the second quarter of 2025. In the period from April through June, the EV maker's net income dropped 16% compared to a year prior, The Wall Street Journal reported. As the nation's most populous state, California represents a crucial market for EV makers. With Tesla registrations in the state already dropping more than 20% during the first quarter of 2025, per the California Energy Commission, a 30-day ban on sales could be tough for Tesla to bounce back from. The outcome of the DMV's accusation also has broader implications for the future of self-driving technology, how it operates, and who is legally responsible when it fails. Bryan Walker Smith, a member of the Society of Automotive and Aerospace Engineers who testified as an expert witness at the Tesla hearing, called the difference between driver-assistance technology and fully autonomous self-driving "a dam that separates the land from the sea." "Every driver needs to know without ambiguity or doubt or any confusion an answer to this basic question: am I driving?" Smith testified, per Business Insider. In the San Francisco Bay Area alone, Tesla autonomous-driving technology has been involved in several major incidents, including at least one fatal wreck. In 2018, Walter Huang, an engineer for Apple, died after his Tesla operating in Autopilot mode crashed in Mountain View, California. Later investigations revealed that Huang had complained about the Autopilot's performance prior to the crash, according to ABC-affiliate KGO. Another example came in 2022, when a Tesla came to an abrupt stop while driving at highway speeds on the Bay Bridge connecting San Francisco and Oakland, resulting in an eight-car pileup. The driver said the Tesla had been operating in "Full Self-Driving" mode at the time of the incident, per KGO. What's being done about the safety of autonomous vehicles? Tesla has made some improvements in the time since the aforementioned accidents, though improvements do not change whether the company was liable for those cases. With Tesla already having rolled out a test fleet of autonomous robotaxis in Austin, Texas, and seeking to soon do the same in San Francisco, observers of autonomous-vehicle technology are watching the California proceedings closely. In the absence of comprehensive federal regulation, autonomous vehicles in the U.S. largely have been regulated on a state-by-state basis, according to the law firm Frost Brown Todd. This patchwork regulatory framework is bad for companies, which require clear, consistent guidelines that they can design their technologies to comply with. It is also bad for consumers, many of whom may lack a clear understanding of what these technologies are capable of and what risks they entail. To help fill this regulatory void, you can use your voice and contact your elected representatives in Washington, telling them that you think developing federal safety standards for autonomous vehicles should be a top priority. 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