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…
Category: Business
Thanksgiving weekend sees 44% more online-only shoppers: NRF
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…
Tesla CEO says electric cars will double global electricity demand
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…
De Beers plans to clean up diamond supply chain, be carbon neutral by 2030
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…
English pub payment plan draws scorn from landlords
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…
Regulations needed to stem cocoa sector abuses
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…
Debenhams set to shut shop after 242 years as pandemic hammers UK retail
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…