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November 4, 2025
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April 15, 2024

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Tesla laying off more than 10% of staff globally as sales fall

Financial Wealth Daily2 years ago2 years ago05 mins

By Victoria Waldersee BERLIN (Reuters) -Tesla is laying off more than 10% of its global workforce, an internal memo seen by Reuters on Monday shows, as it grapples with falling sales and an intensifying price war for electric vehicles (EVs). “About every five years, we need to reorganize and streamline the company for the next…

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  • Business

Broadcom questioned by EU over VMware licensing changes

Financial Wealth Daily2 years ago2 years ago03 mins

By Foo Yun Chee BRUSSELS (Reuters) – U.S. chipmaker Broadcom is being asked by EU antitrust regulators about changes to newly acquired cloud computing company VMware’s licensing conditions following complaints from a spate of EU business users and a trade group. The EU competition enforcer said it had sent requests for information to Broadcom to investigate…

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Love him or loathe him – can jurors be fair to Donald Trump?

Financial Wealth Daily2 years ago2 years ago05 mins

By Jack Queen NEW YORK (Reuters) – When prospective New York City jurors gather for Donald Trump’s hush money criminal trial on Monday, it may be tough to find ones who don’t have an opinion about the brash businessman-turned-politician who began building his real estate empire in Manhattan decades ago. They will be questioned by…

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  • Meta rejects French rights watchdog’s ruling against algorithm
  • Goldman, Morgan Stanley CEOs warn of pullback in global equity markets
  • Philippines, Canada sign pact on troops to deepen defence ties
  • Bessent says US food aid benefits could flow by Wednesday
  • White House issues new rule restricting access for journalists

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