Tesla Owners in China Protest Against Price Cuts
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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 -
Angry Tesla Owners Will Take EV Maker to Court Over Self-Driving Autopilot Claims
A judge declined to throw out the class action suit against Tesla brought by buyers who said the company's self-driving tech forecasts were misleading.Inc. - Business - 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 -
ECB’s Schnabel lobbies against back-to-back rate cuts
European Central Bank board member Isabel Schnabel pushed back on the idea of back-to-back interest rate cuts, saying inflation risks are still tilted to the upside.MarketWatch - Business -
China to cut mortgage rates as part of plan to prop up property market
Local authorities will be allowed to turn unsold homes from developers into affordable housing. China will cut mortgage rates and allow local authorities to turn unsold homes from developers into affordable housing, in a series of drastic measures ...The Guardian - World - China -
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 -
BoE needs more evidence of price pressures easing before cutting rates, says policymaker
Megan Greene believes ‘burden of proof’ must lie in inflation waning before Bank of England loosens stanceFinancial Times - Business -
Teslas are cheaper than ever. Here’s how Biden’s China tariffs will affect costs.
The Biden administration this week slapped stiff tariffs on Chinese electric vehicles, as well as batteries and battery parts from China.MarketWatch - Business - China -
‘We are very strong’: Georgia’s gen Z drives protests against return to past
Resolutely European young people brave violent repression to loudly reject ‘foreign agents’ law and alignment with Moscow. Mariska Iurevicz’s mother has been crying a lot recently. “She is always asking when I’ll be home”, the 22-year-old says. “I ...The Guardian - World -
Protesters rally in Peru against decree classifying seven gender identities as “mental illness”
Sexual diversity activists have protested in Peru’s capital in front of the health ministry to demand that the government repeal a decree that characterizes seven gender identities, including transgenderism, as “mental illnesses.”ABC News - World -
Insurer warns owners of ‘Saltburn effect’ from using stately homes for filming
Owners of historic buildings used in likes of Bridgerton warned of potential damage to possessions and reputations. When the owner of Drayton House in Northamptonshire was approached to allow his 127-room mansion to be the location of a film ...The Guardian - World -
Cartier Owner Richemont Names Van Cleef & Arpels Head as New CEO
Richemont said Nicolas Bos will replace Jerome Lambert as its CEO, tapping a company veteran who most recently led its French jewelry brand Van Cleef & Arpels as the luxury industry navigates a slowdown in spending.The Wall Street Journal - World -
Wife, daughter of Chiefs owner back Harrison Butker amid controversy
Tavia and Gracie Hunt, the wife and daughter of Kansas City Chiefs owner Clark Hunt, backed Harrison Butker, the team’s kicker, after a commencement speech he delivered about women and family roles drew controversy. In an address last Saturday at ...The Hill - Politics - NFL -
Cartier Owner Richemont Names Van Cleef & Arpels Head as New CEO
Richemont said Nicolas Bos will replace Jerome Lambert as its CEO, tapping a company veteran who most recently led its French jewelry brand Van Cleef & Arpels as the luxury industry navigates a slowdown in spending.The Wall Street Journal - Business -
Trump accepts NRA endorsement, urges gun owners to turn out to vote
The National Rifle Association is supporting former President Donald Trump, an expected endorsement as the Republican nominee urged gun owners to vote in 2024.NBC News - Politics - Donald Trump -
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 -
Hunt hints at another National Insurance tax cut
Jeremy Hunt promises further tax cuts, as he launches an attack on Labour's plans ahead of an election.BBC News - Top stories -
Tiger Woods will miss the cut at the PGA Championship at Valhalla
Tiger Woods will miss the cut at the PGA Championship at ValhallaABC News - Sports - Golf