Economy

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Tesla reports lower car sales but figures better than feared
Tesla reports lower car sales but figures better than feared
by  AFP

Tesla reported another hefty drop in auto sales Wednesday, extending a difficult period amid intensifying electric vehicle competition and backlash over CEO Elon Musk's political activities. But Musk's political activism on behalf of right-wing figures has also made the company a target of boycotts and demonstrations, weighing on sales.

UK govt backs finance minister after tears in parliament
UK govt backs finance minister after tears in parliament
by  AFP

The British government said Wednesday that finance minister Rachel Reeves was "going nowhere" after she appeared visibly upset in parliament as rumours swirled around her future. It came after Starmer's Labour government U-turned over key welfare reforms, wiping out a multibillion-pound boost to public finances and triggering speculation that Reeves could lose her job.

French court convicts ex-Ubisoft bosses for workplace harassment
French court convicts ex-Ubisoft bosses for workplace harassment
by  AFP

A French court sentenced three former Ubisoft executives on Wednesday to suspended prison terms for enabling a culture of sexual and psychological harassment at the gaming giant. For his part, former chief creative officer Serge Hascoet was given an 18-month suspended sentence for psychological harassment and complicity in sexual harassment.