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Business
Tesla to lay off more than 10% of workforce, report says
Tesla is preparing to lay off more than 10% of its global workforce following weak first quarter deliveries and increasing competition in the electric vehicle (EV) market,…
Apple loses smartphone crown to Samsung as Chinese rivals gain ground
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Apple lost its lead in the global smartphone market at…
Samsung overtakes Apple for top phonemaker spot: report
Apple has lost its position as the world’s top phonemaker to Samsung in the first quarter of 2024 as its shipments have dropped around 10%, a report says. From January to…
Goldman Sachs beats estimates with 28% rise in profits
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Goldman Sachs’ profits rose 28 per cent in the first…
Former auto executives warn electric vehicle push happened 'too soon and too fast'
Data may say it all, but former auto industry executives are setting the record straight on the electric vehicle push. Former Ford, Chrysler and General Motors executive Bob…
What UK water can learn from global banking
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The UK water industry has little obvious in common with…
Real estate mogul concerned how Americans with deal will squatters: ‘Something really bad is going to happen’
Real estate mogul Shawn Meaike is concerned how hard-working, well-intentioned Americans will handle squatting issues as they grow more and more desperate. "People are going…
CVC announces plans to raise €1.25bn in long-delayed IPO
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.CVC Capital Partners, one of Europe’s largest private…
Glencore-backed nickel miner fails to secure financing after rising costs
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Glencore-backed Horizonte Minerals has failed to secure…
Israel debates retaliation against Iran
US lawmakers face new pressure to approve military aid for Israel, and Tianqi Lithium’s strategy is at risk as Chilean President Gabriel Boric’s government works to take back…