German factory production expands at fastest rate for a year
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Protesters vow to keep up pressure on Tesla as it expands German gigafactory
Town of Grünheide approved the US automaker’s plan on Thursday to double the capacity of the site, despite opposition. Environmental protesters vowed to keep up the pressure on Tesla after failing to stop plans by Elon Musk’s company from ...The Guardian - World - Tesla -
German council approves a revised plan by Tesla to expand its plant near Berlin
A local council in Germany has approved a plan by electric carmaker Tesla to expand the grounds of its first plant in Europe, a proposal which has drawn persistent protests this yearABC News - World - Germany -
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UK has room for three rate cuts this year, IMF says
The international body upgrades its UK growth forecast and says rates could fall to 4.5% by the end of 2024.BBC News - Top stories - United Kingdom -
Honda plans to invest nearly $65 billion on its electric-vehicle strategy through 2030 as part of efforts to boost sales and production in the coming years.
Honda plans to invest nearly $65 billion on its electric-vehicle strategy through 2030 as part of efforts to boost sales and production in the coming years.The Wall Street Journal - World -
I earn $120,000 a year and have $165,000 in savings. How do I invest in this high-interest-rate environment?
“My husband and I would like to provide our new baby with the best life we can.”MarketWatch - Business -
Fed’s Mester says forecast of 3 rate cuts this year is now probably too many
“I was on the record before saying I was at the median [forecast] which was three,” Loretta Mester said Monday. “The developments I’ve seen in the economy right now, I would not think that that’s still appropriate.”MarketWatch - Business -
Ferrari's Leclerc fastest in Imola first practice
Ferrari’s Charles Leclerc is fastest at the end of an incident-packed first practice session at the Emilia Romagna Grand Prix.BBC News - Top stories -
Leclerc fastest in Emilia Romagna practice sessions
Follow live text updates and BBC Radio 5 Sports Extra commentary from second practice at the Emilia Romagna Grand Prix in Imola.BBC News - Top stories -
Leclerc fastest as Verstappen has 'bad day'
Ferrari’s Charles Leclerc sets the pace in both Friday practice sessions at the Emilia Romagna Grand Prix.BBC News - Top stories -
The Dow crossed 40000 for the first time, a milestone that appeared implausible a little more than two years ago when the Fed began raising interest rates to cool an overheated economy.
The Dow crossed 40000 for the first time, a milestone that appeared implausible a little more than two years ago when the Fed began raising interest rates to cool an overheated economy.The Wall Street Journal - World -
Tesla’s Controversial Factory Expansion Is Approved
After anti-Tesla activists clashed with police in Germany last week, local councillors today backed Elon Musk’s plan to make Tesla’s only European Gigafactory even bigger.Wired - Tech -
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Do you live in one of America's 15 fastest-growing cities?
With just a couple of exceptions, the fastest growing cities in America are located in the South, according to new data from the U.S. Census Bureau.The Hill - Politics -
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UAW Loses Unionization Vote at Mercedes Factories in Alabama
The election, fiercely opposed by the state’s political leaders, was seen as a test of the United Automobile Workers’ ability to unionize factories in the South.The New York Times - Business -
Ukrainian women wanted in factories as men drafted into army
ArcelorMittal steel plant says hiring female workers is a matter of survival for the companyFinancial Times - Business - Ukraine -
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Federal judge in Texas blocks Biden rule expanding gun background checks
A federal judge in Texas on Sunday blocked a Biden administration rule that expanded the requirements for background checks when selling a firearm. Judge Matthew Kacsmaryk granted an injunction against the Bureau of Alcohol, Tobacco and Firearms ...The Hill - Politics - Joe Biden -
Collusion claims in US oil must reckon with record production
It should be no surprise that Texans are themselves capitalists firstFinancial Times - World -
OpenAI put ‘shiny products’ over safety, departing top researcher says
Jan Leike’s exit from ChatGPT maker is the latest sign of internal divisions over technology’s developmentFinancial Times - Business -
OpenAI putting ‘shiny products’ above safety, says departing researcher
Jan Leike, a key safety researcher at firm behind ChatGPT, quit days after launch of its latest AI model, GPT-4o. A former senior employee at OpenAI has said the company behind ChatGPT is prioritising “shiny products” over safety, revealing that ...The Guardian - World -
China’s ‘AI-in-a-box’ products threaten Big Tech’s cloud growth strategies
Huawei leads trend of providing companies with means to power their own artificial intelligence apps rather than through public cloudFinancial Times - World - China -
UK supermarkets in talks about joining forces for Fairtrade products
Bananas, coffee and cocoa could be collectively bought after watchdog indicated it would not challenge anti-competitive behaviourFinancial Times - Business - United Kingdom -
Steve Jobs' former intern on why college grads should pay $50,000 to work with the best people
Steve Jobs former intern suggests that college grads identify to best people to work for and "then pay them $50,000."CNBC - Business -
Britain's inflation rate could be about to drop below the Bank of England's 2% target
The headline inflation rate could be 'momentous,' but markets remain divided on the chance of a June cut and services will be the one to watch.CNBC - Business - United Kingdom -
Lowe's beats on earnings and revenue, even as consumers spend less on DIY projects
The home improvement retailer Lowe's said sales fell again year over year, and it reiterated its full-year earnings forecast.CNBC - Business -
One dead, 30 injured as Singapore Airlines flight encounters severe turbulence
One person has died aboard a Singapore Airlines flight which was diverted to Bangkok due to turbulence.CNBC - Business -
Macy’s beats earnings estimates, as turnaround plan shows early progress
Macy's beat earnings estimates as the department store operator moves to close about 150 namesake locations and open new Bloomingdale's and Bluemercury stores.CNBC - Business -
Productivity soars in sectors of global economy most exposed to AI, says report
Employers in UK, one of 15 countries studied, willing to pay 14% wage premium for jobs requiring AI skills. The sectors of the global economy most heavily exposed to artificial intelligence (AI) are witnessing a marked productivity increase and ...The Guardian - World -
Family offices become prime targets for cyber hacks and ransomware
With their large wealth and small staffs, family offices have become lucrative targets for hackers and cybercriminals, experts say.CNBC - Business -
Nvidia is talk of the town at AI events leading into this week’s earnings
As tech companies revealed their latest plans for artificial intelligence in the past week, Nvidia's name has been everywhere.CNBC - Business -
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German group accused of plotting coup go on trial
The group believed that Queen Elizabeth II's death might have been a secret signal to act.BBC News - Top stories - Germany -
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The Properties High Interest Rates Can't Touch
Competition to buy the world’s most exclusive stores is intense despite modest rent growth.The Wall Street Journal - World -
China Benchmark Lending Rates Held Steady
The country’s benchmark lending rates were held steady this month, central bank data showed Monday after Beijing announced bold moves to address property-sector malaise.The Wall Street Journal - World - China