Tesla Inc on Wednesday laid off dozens of employees from its Autopilot department at its Buffalo plant in New York, a day after workers launched a campaign to form a union, according to a complaint filed with a government agency.
Airbus said on Thursday it was slowing the production ramp-up of its top-selling model as it tries to build a more robust platform for serving resurgent jet demand following supply disruptions.
U.S. stock index futures edged lower on Thursday ahead of monthly producer prices data that could offer clues on how long the Federal Reserve will have to keep raising interest rates to tame stubbornly high inflation.
The Biden administration announced new standards for building out a national electric vehicle charging network on Wednesday as part of a push to accelerate the adoption of electric vehicles (EVs).
Lufthansa plans to cancel 34,000 flights in the summer half-year, German business weekly WirtschaftsWoche said on Thursday, adding the number could increase as cancellations at its Eurowings and SWISS units might be added.
Paramount Global Inc fell short of Wall Street estimates for quarterly revenue on Thursday, as a broader slump in the advertising market hit the CBS network owner even as its streaming service added millions of subscribers.
Dairy giant Lactalis is under criminal investigation in France on charges of failure to carry out product withdrawals and recalls, fraud and negligent bodily harm, the company said on Thursday.
A year ago the European Central Bank struggled to explain why it was not lifting interest rates even as inflation rose. This year it will have a similarly tough job explaining why it keeps hiking them even as price growth falls quickly.
Hasbro Inc forecast annual profit below Wall Street estimates on Thursday, slammed by a sharp decline in demand as more customers cut back spending on its toys and games amid rising prices.
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