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Business

Former Tesla employee to pay $400,000 to end lawsuit over tips to reporters

By adapei92org December 9, 2020December 3, 2020

A former Tesla Inc factory employee will pay Elon Musk’s electric car maker $400,000 after it accused him of tipping reporters about alleged production inefficiencies and delays, a court filing…

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Business

Thanksgiving weekend sees 44% more online-only shoppers: NRF

By adapei92org December 8, 2020December 3, 2020

The number of online-only shoppers jumped 44% during the Thanksgiving holiday weekend in the United States to 95.7 million, the National Retail Federation said on Tuesday, even as the overall…

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Business

Tesla CEO says electric cars will double global electricity demand

By adapei92org December 7, 2020December 3, 2020

Tesla Chief Executive Elon Musk said on Tuesday that electricity consumption will double if the world’s car fleets are electrified, increasing the need to expand nuclear, solar, geothermal and wind…

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Business

De Beers plans to clean up diamond supply chain, be carbon neutral by 2030

By adapei92org December 6, 2020December 3, 2020

Diamond mining giant De Beers on Monday outlined plans to be carbon neutral by 2030 and add to safeguards on the ethical sourcing of its diamonds, as companies across the…

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Business

English pub payment plan draws scorn from landlords

By adapei92org December 5, 2020December 3, 2020

The British government will make a one-off payment of 1,000 pounds ($1,335) to pubs that cannot open due to coronavirus restrictions, but industry leaders said it will not be enough…

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Business

Regulations needed to stem cocoa sector abuses

By adapei92org December 4, 2020December 3, 2020

Regulations are needed to end poverty, human rights abuses and deforestation in the cocoa sector after two decades of voluntary interventions that have had little to no impact, a major…

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Business

Debenhams set to shut shop after 242 years as pandemic hammers UK retail

By adapei92org December 3, 2020

British department store group Debenhams is set to close all its UK shops after 242 years in business, putting 12,000 jobs at risk in the country’s second major corporate failure…

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