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Tesla to Build a Manufacturing Plant in Mexico
President Andrés Manuel López Obrador says the northern Mexican industrial hub of Monterrey will host the operation
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YouTube CEO Susan Wojcicki Is Stepping Down After Nearly a Decade in the Role
She will be succeeded by Neal Mohan, YouTube’s current chief product officer
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Yahoo eyes retail stock trading in major growth push
The company’s advertising group will be reduced by half by the end of the year
By Editors Desk -
Adidas shares tumble as fallout from Yeezy sneakers deepens
German group warns it may take a hit of up to €700mn as new CEO says it needs to ‘put pieces back together’
By Editors Desk
Latest Business
Russia's Economy Forecast to Outperform U.S. Within Two Years
The International Monetary Fund reported that Russia's GDP would be over 2 percent in 2024, with the U.S. seeing 1 percent growth that year.
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Corporate Layoffs Spread Beyond High-Growth Tech Giants
Dow, IBM and SAP say they will lay off thousands of workers as belt-tightening becomes the new business priority
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Justin Bieber Sells Music Rights to Blackstone-Backed Fund Hipgnosis
The deal includes more than 290 of the pop star’s songs including ‘Love Yourself’ and ‘Ghost’
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Spotify to Cut 6% of Workforce in Latest Tech Layoffs
Streaming company says move is part of broader cost-cutting measures
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Netflix Co-Founder Reed Hastings Transitions to Chairman Role, With Greg Peters Elevated as Co-CEO
Streaming giant added 7.7 million net new subscribers in fourth quarter
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Netflix Shocker: Reed Hastings to Exit Co-CEO Role, Will Remain as Executive Chairman
Greg Peters has been promoted to co-CEO alongside Ted Sarandos, with Bela Bajaria and Scott Stuber also being promoted.
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Netflix co-CEO steps down
Cofounder Reed Hastings will now serve as executive chairman, the company announced. Here's what we know
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Janet Yellen Says U.S. Begins Extraordinary Measures to Avoid Debt Default
Maneuvers give Congress five months to pass legislation raising or suspending the debt limit
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Microsoft Plans to Announce Layoffs as Early as Wednesday Morning
Software company’s revenue growth has slowed in recent quarters
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China’s Economic Growth Fell to Near-Historic Lows as Covid Took a Bite
The outlook for 2023 has been lifted by optimism around the easing of Covid restrictions
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Elon Musk breaks world record for biggest drop of personal wealth in history
The Tesla founder has just shattered a huge world record – but it’s probably one he would rather have left alone.
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Jack Ma Cedes Control of Fintech Giant Ant Group
Chinese billionaire entrepreneur is taking a step further away from the business empire he created decades ago
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Amazon CEO says job cuts to exceed 18,000 roles
The company began letting staff go in November from its devices division, with a source telling Reuters at the time it was targeting around 10,000 cuts.
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Brutal day for Musk as Tesla plummets
Elon Musk’s hopes of leaving his financial woes behind him in 2022 have gone up in smoke as the Tesla share price continues to nosedive.
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$1.2 trillion wiped: Musk’s disastrous year
Elon Musk is no longer the world’s richest man after a catastrophic 365 days for the billionaire where he has just haemorraged money.
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Girlfriend faced 110 years before co-operating
Disgraced FTX crypto mogul Sam Bankman-Fried’s ex-girlfriend Caroline Ellison was facing up to 110 years in prison before she started talking.
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