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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 -
The race to be China’s Tesla has an unexpected leader
Charging infrastructure will become an increasingly important factor in winning over EV buyersFinancial Times - Business - China -
South Africa seeks halt to Israel's Gaza offensive
It says Israel must be forced to stop its operation in Rafah, in a fresh bid to the UN's top court.BBC News - Top stories - Israel -
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FIFA to seek legal advice over Israel suspension
FIFA will seek independent legal advice before holding an extraordinary council meeting by July 20 to make a decision on a Palestinian proposal to suspend Israel from international football because of the conflict with Hamas.ESPN - Sports - Israel -
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ICC prosecutor seeks arrest of Israeli and Hamas leaders
They are wanted for alleged war crimes committed in the 7 October attacks and the war which followed.BBC News - Top stories - Israel -
Carlyle seeks to buy Christmas in Japan with KFC bid
Private equity group’s move to take over Japanese operations of fried chicken chain is a tender offerFinancial Times - World - Japan -
Cruz seeks to blunt Democratic attacks with IVF bill
Sen. Ted Cruz (Texas), a staunchly anti-abortion Republican, introduced a bill this week he said is aimed at protecting in-vitro fertilization (IVF), the latest sign the GOP feels vulnerable on reproductive rights and is trying to shore itself up ...The Hill - Politics -
Tesla must climb ‘Mount Everest’ to win shareholder vote, chair warns
FT Exclusive: Robyn Denholm outlines stakes for carmaker and says the idea she is too close to Elon Musk is ‘crap’Financial Times - Business - Tesla -
FirstFT: Tesla faces difficult task to win shareholder vote, chair warns
Also in today’s newsletter, the threat to oil from Canadian wildfires and British firm loses $25mn in deepfake scamFinancial Times - World - Tesla -
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 -
As Tesla layoffs continue, here are 600 jobs the company cut in California
The latest wave of Tesla layoffs hit an array of departments, impacting factory workers, software developers and robotics engineers. Read the WARN filing here.CNBC - Business - California -
As Tesla layoffs continue, here are 600 jobs the company cut in California
As part of Tesla’s massive restructuring, the electric-vehicle maker notified the California Employment Development Department this week that it’s cutting approximately 600 more employees at its manufacturing facilities and engineering offices ...NBC News - Top stories - California -
Musk Pushes Plan for China Data to Power Tesla's AI Ambitions
A data center in Chinato teach AI models for self-driving technology using data that could be processed in the countrycould be a big shift for Tesla, or merely a backup plan.Inc. - Business - China -
How Hard Should Tesla Fight for Elon Musk's Attention?
The June vote on the CEO’s 2018 pay package raises questions about what a board should do with a restless but valued leader.The Wall Street Journal - World - Tesla -
How Hard Should Tesla Fight for Elon Musk's Attention?
The June vote on the CEO’s 2018 pay package raises questions about what a board should do with a restless but valued leader.The Wall Street Journal - Business - Tesla -
Damage Control for Tesla as European Leasing Companies React to Falling Fleet Values
Major car rental firms and leasing firms have complained about Tesla's servicing and repairs for years.Inc. - Business -
Tesla Shareholder Group Calls for Vote Against Musk Pay Package
The letter calls for shareholders to reject the re-election of two directors, Kimbal Musk and James Murdoch.The Wall Street Journal - World - Tesla -
Elon Musk’s Tesla pay package assailed by shareholder group
New York City’s investment chief and other key investors are urging Tesla Inc. shareholders to vote against Chief Executive Elon Musk’s $56 billion pay package and the reelection of board directors Kimbal Musk and James Murdoch.MarketWatch - Business - Tesla -
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 -
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 -
Oil prices drift lower but remain stuck in narrow range as market struggles to find catalysts
U.S. crude oil and global benchmark Brent have traded in a $3 range this month since selling off from April highs.CNBC - Business -
Amazon, Meta back Scale AI in $1 billion funding deal that values firm at $14 billion
Scale AI has raised $1 billion in a Series F funding round that values the enterprise tech company at $13.8 billion — almost double its last reported valuation.CNBC - Business -
Fed Governor Waller wants 'several months' of good inflation data before lowering rates
Fed Governor Christopher Waller said Tuesday that he does not think further interest rate increases will be necessary.CNBC - Business - Federal Reserve -
Jim Cramer's top 10 things to watch in the stock market Tuesday
Palo Alto Networks is better than it looks. Here's why.CNBC - Business -
Here's how to buy renewable energy from your electric utility
More residential consumers are getting their electricity from green energy sources, such as solar and wind.CNBC - Business -
Group of Tesla shareholders ask investors to vote against Musk's compensation package
They say it’s not in the electric vehicle maker’s best interest.ABC News - Top stories - Tesla -
Trump Media stock closes down 8.6% after posting $327.6 million loss in first quarter
Trump Media, whose majority shareholder is former President Donald Trump, operates the social media app Truth Social and trades under the DJT stock ticker.CNBC - Business - Donald Trump -
Microsoft, Khan Academy provide free AI assistant for all educators in US
Microsoft and Khan Academy are offering a free AI-powered assistant to all U.S. teachers, as part of GPT's broader reach into student and teacher education.CNBC - Business - Microsoft -
Trump VP prospect Doug Burgum and GOP oil baron Harold Hamm are allies in business and politics
Doug Burgum, a potential choice to be former President Donald Trump's running mate, is closely tied to the oil and gas business.CNBC - Business - Donald Trump -
Billionaire McCourt Seeks to Buy TikTok For 'The People.' Could that Ever Work?
Former L.A. Dodgers owner Frank McCourt is pulling together a deal to buy the controversial social media app. He says it's the "people's bid," and it won't include the app's all-important algorithm.Inc. - Business - Tiktok -
Trump lawyer seeks to question Michael Cohen's credibility at hush money trial
Lawyers for former President Trump resumed their cross-examination of Michael Cohen and are attempting to call his credibility into question during the New York hush money trial. NBC News' Yasmin Vossoughian reports on what the jury has heard so ...NBC News - Top stories - Donald Trump -
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Delaware, Inc agonises about Musk backlash as its lawyers seek changes
About two-thirds of US companies are incorporated in the small, mid-Atlantic stateFinancial Times - Business - Elon Musk