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Iran's attack on Israel: China could play a big role in reducing contagion risk, ex-diplomat says
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Dechert weighs shuttering offices in Hong Kong, Beijing: Reuters

U.S.–founded law firm Dechert is considering closing its offices in Hong Kong and Beijing, becoming the latest foreign firm to scale back in Greater China, two people said, amid a prolonged capital market downturn and growing Sino-U.S. tensions. Nurphoto | Nurphoto | Getty Images U.S.-founded law firm Dechert is considering closing its offices in Hong Kong and...

Tesla Laid Off Its 500-Person Supercharger Team Overnight
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Tesla Laid Off Its 500-Person Supercharger Team Overnight

Elon Musk’s decision to lay off the majority of Tesla’s 500-person electric vehicle (EV) charging team, except for a few reassigned employees, has “blindsided” other carmakers who were depending on Tesla’s infrastructure for their new EVs, industry officials and analysts told Reuters on Tuesday. General Motors, Ford, and other automakers who signed deals to power...

Elon Musk Leaked Email Confirms Tesla Layoffs As Execs Exit
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Elon Musk Leaked Email Confirms Tesla Layoffs As Execs Exit

Less than two weeks after Tesla announced its first year-over-year delivery drop since 2020, CEO Elon Musk sent an internal email to staff stating that the company would cut at least 10% of its global workforce. Musk’s memo, sent at close to midnight PST on Sunday in California, explained that “there has been duplication of...