Tesla TSLA.O is laying off more than 10% of its global workforce, an internal memo seen by Reuters on Monday shows, as it grapples with falling sales and an intensifying price war for electric vehicles (EVs). “About every five years, we need to reorganize and streamline the company for the...
photo: AP / Frank Franklin II
photo: UN / Eskinder Debebe
The automotive industry is in a most difficult period of its history. How can it predict the future? Technological marvels enabled by digital electronics have periodically emerged as new consumer products and services. And what is most remarkable is how quickly they have become accepted as...
photo: Creative Commons / Marco Verch
Stocks have tumbled in Asia after Iran ramped up Middle East tensions by launching a barrage of missiles and drones at Israel over the weekend, heightening fears of a wider conflict in the volatile region. However, while Israel called the attack – which Tehran said was in response to an earlier...
photo: AP / Eugene Hoshiko
Iran’s launch of 300 drones and missiles aimed at Israeli targets in the early hours of Sunday has led to a sharp rise in energy-related geopolitical risk and an expected spike in oil prices. Israel claimed to have intercepted 99% of the incoming weapons and said one seven-year-old girl, in a...
photo: Creative Commons / Pcmanrules https://creativecommons.org/licenses/by-sa/4.0/deed.en
washington - Plans by the Taliban to block access to Facebook are a further attempt to curtail freedom of speech and silence critics in Afghanistan, according to journalists and activists. The proposal was announced by the Taliban's acting minister of telecommunication and information technologies,...
photo: AP / Ebrahim Noroozi
Singapore’s economy grew slower than expected in the first quarter, as a struggling manufacturing sector weighed on tourism spending from events including Taylor Swift’s concerts. The city-state’s economic performance is often seen as a barometer of the global environment because of its reliance on...
photo: WN / Emiko Silalahi
Costco's monthly sales of its gold bars and silver coins could total $200 million, Wells Fargo estimated. Tim Boyle/Getty ImagesCostco's monthly sales of its gold bars and silver coins could total $200 million, Wells Fargo estimated.But their low prices mean they likely bring in "minimal profit" for...
photo: Creative Commons / RightCowLeftCoast
