Tesla to cut 7% of jobs to lower Model 3 costs, shares tumble

London: Tesla Inc will cut its full-time employee headcount by 7 per cent, with Chief Executive Officer Elon Musk saying the “road ahead is very difficult” to make electric cars affordable for the mass market. The shares fell 7.6 per cent in pre-market trading after the Palo Alto, California-based company said it managed to eke […]

India signals readiness to put growth ahead of fiscal discipline

New Delhi: India’s government signalled it’s ready to sacrifice fiscal discipline to stoke economic growth, as it prepares to unveil its last spending plan next month before a general election. “It entirely depends on what the existing situations are,” Finance Minister Arun Jaitley said in an interview to CNBC-TV18 news channel Thursday. “Therefore without getting […]

ECB has narrow window for rate hikes before economy is too soft

Frankfurt. The European Central Bank will only have a narrow window to raise interest rates before the euro-area economy becomes too weak, according to a Bloomberg survey of the economists. Mario Draghi is seen lifting the deposit rate at his final meeting as president in October, but his successor will only have until spring of […]

Millionaire prisoner in Vancouver : How Huawei CFO Meng Wanzhou awaits fate in splendor

Meng Wanzhou steps out of her $4.2 million mansion, a GPS monitor strapped to her ankle, and slips into a chauffeured black SUV. Then she’s off, largely free to roam the shops and restaurants within 100 square miles of Vancouver until her 11 p.m. curfew. So goes another day of house arrest for Meng, chief […]