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(Reuters) -SolarEdge Technologies said on Sunday it would lay off about 16% of its global workforce in an attempt to reduce operating costs. The job cuts, which would affect roughly 900 employees, came after SolarEdge discontinued manufacturing in Mexico, reduced capacity in China, and terminated light commercial vehicle e-mobility activity. Costs related to these actions…
ISTANBUL (Reuters) – A Turkish court acquitted three people over former Nissan boss Carlos Ghosn’s escape via Istanbul to Lebanon after fleeing Japan, a lawyer for one of the defendants said on Tuesday. A jet company executive and two pilots, who were detained for several months, were convicted to four years and two months in…
(Reuters) -Meta Platform Inc’s Instagram was back up for most users, the company said on Sunday, after a technical issue that disrupted services to thousands of people had been resolved. “Earlier today, a technical issue caused some people to have trouble accessing Instagram. We resolved the issue as quickly as possible for everyone who was…
(Reuters) – Finnish insurer Sampo on Friday reported a bigger-than-expected drop in fourth-quarter earnings citing challenging capital markets environment, sending its shares falling more than 5%. The group’s profit before tax fell 67% to 390 million euros ($418.43 million) in the quarter, missing analysts’ 553-million-euro estimate in a company-provided poll. Sampo also said it expected…
(Reuters) – Pacific Gas and Electric Company (PG&E) on Friday said it is prepared to meet increased electricity demand in California this summer with new energy supply amid an ongoing heat wave The company said it is bringing online new resources like battery energy storage, including an additional 700 megawatts (MW) than it had last…
By Nick Starkov LVIV, Ukraine (Reuters) – Ukraine said on Sunday its troops were holding onto parts of the eastern city of Bakhmut, focus of a prolonged Russian assault, while the head of a major pro-Moscow force said his men were making progress. Russian forces, which have struggled for months to capture Bakhmut, are slowly…
MILAN (Reuters) – The body of former Italian Prime Minister Silvio Berlusconi will be cremated and his ashes taken to the family mausoleum in the grounds of his villa in the northern town of Arcore, a source close to the family told Reuters. After a state funeral on Wednesday, the coffin will be returned to…
By Ricardo Brito BRASILIA (Reuters) -Former Brazilian President Jair Bolsonaro was staring into the political abyss on Tuesday when a federal electoral court (TSE) justice voted to bar him from office until 2030 for anti-democratic abuse of power during last year’s fraught election. The vote by Benedito Goncalves, the lead justice in the case against…
By Hyunjoo Jin SAN FRANCISCO (Reuters) -U.S. electric vehicle startup Rivian Automotive Inc said on Tuesday it has increased selling prices of its vehicles by about 20% due to inflationary pressures and higher component costs, angering some customers. The price increase also invited caustic comments from Elon Musk, chief executive of rival Tesla Inc, who…
NEW YORK (AP) — Some vendors on Etsy say they are halting sales of their items on the site for a week to protest a hike in the fees the crafts e-commerce marketplace charges them. Starting Monday, Etsy sellers must pay a 6.5% commission on each transaction, up from the 5% in place since 2018….
