Tesla Plans to Lay Off More Than 10% of Workforce
Two of Elon Musk’s top deputies also depart the world’s most valuable automaker. Source link
New York Times Ends Investigation Into Leak Over Gaza Coverage
Times Executive Editor Joe Kahn said the probe found “gaps in the way proprietary journalistic material is handled.” Source link
Lufthansa Cuts Earnings Guidance After Strikes Take Toll
The German carrier group said strikes by employees within the group and also by employees at partners hit earnings by around €350 million. Source link
Covéa cuts losses but underwriting deficit grows
Covéa Insurance has posted an £87.3m loss after tax for last year with underwriting losses across commercial, personal and speciality lines. The total, while still in the red, was a 40% cut on the £145.5m deficit in 2022. Investment returns were up, swinging from a loss of £29.6m to a profit of £37.1m. However, the … Read more
Allianz hails “milestone” with updated trade credit offering
Allianz Trade UK has refreshed its trade credit insurance product suite. Trade credit insurance is a B2B insurance product designed to cover the non-payment risks of trade receivables in the event a customer cannot pay under the terms of an agreed contract. FeaturesThe policy wording now includes fully retrospective cover for approved buyer risks. Confiscation, expropriation, … Read more