Tesla starts to lay off some workers at China factory – Bloomberg News
(Reuters) – Electric car maker Tesla Inc is laying off some battery production workers at its Shanghai plant, Bloomberg News…
Business
Yellen seeks to calm a fraught but close-knit US-China trade relationship
By David Lawder and Joe Cash WASHINGTON/BEIJING (Reuters) – As U.S. Treasury Secretary Janet Yellen tries to steady an increasingly…
Uber, Facebook linked to PwC Australia tax schemes based on leaked government plans
By Lewis Jackson SYDNEY (Reuters) – PwC Australia advised Uber and Facebook how to restructure in face of an Australian…
Goldman’s China banks downgrade based on ‘pessimistic assumptions’ -state media
BEIJING (Reuters) – Goldman Sachs’ downgrade of some major Chinese lenders to “Sell” ratings is based on “pessimistic assumptions,” state-backed…
VW ready to deal with China metal curbs; chipmakers play down fallout
By Ben Blanchard and Jan Schwartz TAIPEI (Reuters) -Volkswagen is monitoring metals markets after China imposed export restrictions on two…
Japan’s base salaries jump most since 1995, puts BOJ policy into view
By Satoshi Sugiyama and Kantaro Komiya TOKYO (Reuters) -Japan’s nominal base salary grew at the fastest pace in 28 years…
Stocks sink as bond yields rise, U.S. jobs data fuels rate hike fears
By Sinéad Carew and Marc Jones NEW YORK/LONDON (Reuters) – MSCI’s global index of stocks fell on Thursday while Treasury…
Canada agrees up to C$15 billion in incentives for Stellantis-LGES battery plant
By Ismail Shakil OTTAWA (Reuters) -Canada will provide up to C$15 billion ($11.23 billion) in production incentives for a Stellantis-LG…
Biden touts investments, trip to lawmaker Taylor Greene’s backyard
By Jeff Mason and Jarrett Renshaw WEST COLUMBIA, South Carolina (Reuters) -President Joe Biden traveled to South Carolina to tout…
Wall St logs sharp losses as labor market strength stokes rate-hike fears
By Lewis Krauskopf, Bansari Mayur Kamdar and Johann M Cherian (Reuters) – Wall Street’s main indexes ended sharply lower on…