Business

Musk: Tesla Employee Sabotaged Operations

Musk: Tesla Employee Sabotaged Operations

The leaked email was followed by a further email from Musk, detailing a small fire on the Tesla production line described as a "strange incident that was hard to explain". "Please be on the alert for anything that's not in the best interests of our company". A 2018 Tesla Model 3 electric vehicle is shown in this photo illustration taken in Cardiff, California, U.S., June 1.


Trump calls for US$200B more tariffs on China; US futures drop

Trump calls for US$200B more tariffs on China; US futures drop

The tariffs could affect $50-$60 billion worth of goods and increase trade tensions. The reprisal came after Trump on June 1 followed through on his threat to impose 25 percent tariffs on steel imports and 10 percent on aluminium imports from the EU.


ICICI Bank may send MD & CEO Chanda Kochhar on indefinite leave

ICICI Bank may send MD & CEO Chanda Kochhar on indefinite leave

Though as the COO he would reporting to CEO Kochhar, the bank said he would report to the board until Ms Kochhar resumes the office. Kochhar will continue with her role as MD and CEO. Notably, Kochhar at that time was a member of bank's credit committee that approved a loan of as much as Rs 3,250 crore to the Videocon Group in 2012.


Trump threatens additional tariffs on $200 billion of Chinese goods

Trump threatens additional tariffs on $200 billion of Chinese goods

In response, China announced tariffs on $34bn of United States goods including agricultural products, cars and marine products which will also take effect from 6 July. "China apparently has no intention of changing its unfair practices related to the acquisition of American intellectual property and technology", Trump said in a statement Monday announcing the new action.


President Trump Urges New Tariffs On $200 Billion In China Trade

President Trump Urges New Tariffs On $200 Billion In China Trade

For an industry that is booming, a 25 percent extra tariff imposed by its biggest customer may not be good news. If Beijing choses to continue its tit-for-tat tariff policy with the US, Washington will impose further tariffs on imports from China in addition to the $200 billion announced, the statement warned.