Exclusive: Tesla’s battery maker suspends cobalt supplier amid sanctions concern
Panasonic Corp said it was unable to determine how much of the cobalt used in batteries it makes for Tesla cars comes from Cuba, a country subject to U.S. sanctions, and that it had suspended relations with a Canadian supplier as a result of its conce…
All Britain’s Poundworld stores to close: administrator
All British discount retailer Poundworld’s stores will close by the middle of next month with the loss of thousands of jobs, the company’s administrator Deloitte announced on Thursday.
Tesla says Model 3 refunds not outpacing deposits
Tesla Inc denied on Thursday that refunds of bookings of its Model 3 sedan were now outpacing reservations, responding to a report earlier in the day by a Wall Street brokerage citing channel checks on the electric carmaker.
Exclusive: Britain says Huawei ‘shortcomings’ expose new telecom networks risks
Technical and supply-chain issues with equipment made by Chinese firm Huawei have exposed Britain’s telecom networks to new security risks, a government report said on Thursday.
Sinclair ‘did not fully disclose facts’ on Tribune merger: U.S. agency
Sinclair Broadcast Group Inc “did not fully disclose facts” about aspects of its $3.9 billion acquisition of Tribune Media , the U.S. Federal Communications Commission said in an order released on Thursday that referred the issue to an administrative …
Weak earnings, strong dollar hit large-caps; small-caps gain
U.S. stocks were set for their biggest drop in a week on Thursday as weak earnings reports were compounded by a strong dollar that not only hit metal prices and weighed on miners, but also raised concerns about future corporate revenue growth.
Boeing wins air show as Airbus gets boost from AirAsia
Boeing claimed victory on Thursday after outselling rival Airbus at this week’s Farnborough Airshow, where the world’s largest planemakers repeated last year’s comparable haul of around 900 orders with the help of leasing industry demand.
France’s Dassault calls for UK-EU to agree post-Brexit ties quickly
The head of France’s Dassault Aviation urged Britain and the European Union to settle differences over the UK’s departure from the bloc and define a new partnership as quickly as possible to avoid hurting hundreds of suppliers.
Car share operators jump in as Paris Autolib scheme withers
A string of private car-share operators are revving up business in Paris as the pioneering city-run Autolib scheme comes to an end and city authorities promote car sharing over private ownership.
Wall Street dips on weak earnings, strong dollar
U.S. stocks fell on Thursday after a slew of weak quarterly reports dampened hopes of a robust earnings season, with a strengthening dollar and trade tensions also weighing on.
