In IT, Innovation and Startups
Elon Musk’s rocket company SpaceX cuts one tenth of workforce
Company cites ‘extraordinarily difficult times ahead’ behind decision to slash about 600 employees Elon Musk’s rocket company SpaceX will reduce its workforce by about 10% of the company’s…
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Ford: Almost 1,000 Bridgend job losses by 2021 outlined to unions
Ford wants to cut 370 workers at an engine plant in south Wales in the first phase of almost 1,000 job losses, BBC Wales understands. Unions have pledged…
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Shutdown is 24 days and counting
The end of the ‘shutdown’ in the US seems far from in sight. The 800,000 civil servants missed their first payslip on Friday. The effects are becoming more…
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Crude Rally Hits Pause as Markets Reassess Economic Outlook
Oil prices closed lower for the first time in two weeks Friday as investors paused to assess the economic outlook and OPEC’s ability to counter the U.S. shale…
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Brexit to slash farmland prices by up to a fifth, forecasts say
Brexit will slice nearly one-fifth off the value of Britain’s commercial farms according to forecasters, bringing to an end the decades-long boom in agricultural land prices as EU…
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In IT, Innovation and Startups
Samsung warns of profit drop as chip demand slows
Samsung Electronics expects to post a 29% drop in quarterly operating profit as demand for smartphones and memory chips slows. The firm forecasts operating earnings of 10.8 trillion…
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UK new car sales slump ahead of Brexit ‘existential threat’
British new car sales in 2018 fell at their fastest rate since the global financial crisis a decade ago, hit by the collapse in demand for diesel, as…
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