By Hyunjoo Jin SAN FRANCISCO (Reuters) – Tesla CEO Elon Musk has a “super bad feeling” about the economy and needs to cut about 10% of jobs at the electric carmaker, he said in an email to executives seen by Reuters. The message, sent on Thursday and titled “pause all hiring worldwide”, came two days…
By Hilary Russ NEW YORK (Reuters) -For at least a decade, Burger King’s formula for European expansion has relied on a joint venture partnership, including a master franchisee, to open and operate new locations. But now the fast-food chain has a whopper of a problem in Russia. It hasn’t been able to exit its partnership…
FRANKFURT (Reuters) – Tesla Chief Executive Elon Musk told top managers he had a “super bad feeling” about the economy and that the electric carmaker needed to cut staff by about 10%, according to an internal email seen by Reuters. The email, titled “pause all hiring worldwide”, was sent to Tesla executives on Thursday, and…
Investors will be crossing their fingers for a calmer inflation print from the United States, possibly allowing the Federal Reserve to go slower with its interest rate rises. They are less concerned about Chinese inflation, focusing instead on what upcoming trade figures say about the economy. But high oil prices, spurred by supply squeezes, will…
TOKYO (AP) — Toshiba executives said Friday that privatization remains an option for the Japanese technology company, as they defended their efforts to choose the right bidder to restore what they called “a strong Toshiba.” Tokyo-based Toshiba has been trying to win over shareholders to a restructuring plan. The company has not given the nationalities…
By Samuel Indyk LONDON (Reuters) – European shares were mostly higher on Friday as investors await a key jobs report that will help gauge the strength of the U.S. economy and provide hints on the pace of the Federal Reserve’s policy tightening in the second half of the year. The pan-European STOXX 600 was up…
(Refiles to remove duplicated paragraph) TOKYO (Reuters) -Japan’s Panasonic Holdings Corp, which makes batteries for electric car maker Tesla, is finalising a decision on which U.S. state it will choose as the site for a new battery plant, a top executive said on Friday. “We’ve been making various considerations, but we are starting to finalise,”…
BEIJING (Reuters) – Airbnb Inc said on Friday it will facilitate the shift of housing and host data to several Chinese domestic rental platforms before it shuts down operations in mainland China from the end of July. Hosts will be able to migrate information about their listings and reviews with one click, it said. Airbnb…
SAN FRANCISCO (Reuters) – Tesla chief executive Elon Musk said the electric carmaker needs to “make a roughly 10% reduction in staff,” according to an email sent to executives on Thursday and seen by Reuters. In the email titled “pause all hiring worldwide,” he said: “I have a super bad feeling about the economy.” Tesla…
By David Lawder WASHINGTON (Reuters) – New U.S. trade negotiations with Taiwan could move more quickly than broader talks with 12 Indo-Pacific countries given strong interest in Taipei and Washington in deepening economic ties, Deputy U.S. Trade Representative Sarah Bianchi said on Thursday. There are parallels between the newly launched Indo-Pacific Economic Framework talks and…
