By Jessica DiNapoli and Hyunjoo Jin NEW YORK/SAN FRANCISCO (Reuters) -PepsiCo plans to roll out 100 heavy-duty Tesla Semis in 2023, when it will start using the electric trucks to make deliveries to c[...]
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December 17, 2022
TuSimple plans to layoff half its workforce next week – WSJ
(Reuters) – Self driving trucking company TuSimple Holdings Inc plans to potentially cut half of its workforce next week, WSJ reported. The job cut would likely affect at least 700 employees, th[...]
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Tesla plans to announce Mexico EV plant as soon as next week -Bloomberg News
(Reuters) – Tesla Inc is finalizing plans to build an electric vehicle assembly plant in an industrial area of northeastern Mexico and may announce the factory as early as next week, Bloomberg N[...]
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Citi, Revlon lenders reach deal over $500 million accidental payment
(Reuters) – Citigroup Inc reached an agreement with all 10 Revlon Inc lenders it mistakenly paid about $500 million on a loan, ending litigation of more than two years, a court document showed o[...]
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Goldman to cut thousands of staff as Wall Street layoffs intensify -source
By Saeed Azhar and Lananh Nguyen NEW YORK (Reuters) – Goldman Sachs Group Inc is planning to cut thousands of employees to navigate a difficult economic environment, a source familiar with the m[...]
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IMF executive board approves $3 billion Egypt extended arrangement
CAIRO (Reuters) -The International Monetary Fund (IMF) executive board has approved a 46-month $3 billion financial support package for Egypt, saying it will catalyse additional funding of about $14 b[...]
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