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Tesla to cut hundreds more jobs in Musk cost push: report
Tesla to cut hundreds more jobs in Musk cost push: report
Economy
by  AFP

Tesla plans hundreds of additional job cuts beyond a recent company-wide layoff as it cracks down on costs in a tough electric vehicle market, according to a US media report. Tesla last week reported a 55 percent drop in quarterly earnings to $1.1 billion, reflecting a decline in EV sales in a market with intensifying competition.

Gaza boycott continues to weigh on McDonald's sales
Gaza boycott continues to weigh on McDonald's sales
Economy
by  AFP

McDonald's reported a modest increase in quarterly profits Tuesday despite a boycott stemming from the Middle East conflict expected to drag on sales for the foreseeable future. "The continued impact of the war in the Middle East more than offset positive comparable sales in Japan, Latin America and Europe," McDonald's said of the division.