Tesla says Model S, Model X production efficiency much improved

(Reuters) – Tesla Inc said the number of labor hours needed to produce its Model S and Model X cars have decreased considerably, following the latest report of quality problems that could prevent the carmaker from hitting its production targets. The body of a Tesla Model S is transported by an automated crane at the Tesla factory in Fremont, California ...

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Panama Papers law firm Mossack Fonseca to shut down after tax scandal

PANAMA CITY (Reuters) – Mossack Fonseca, the Panamanian law firm at the center of the “Panama Papers” scandal, said on Wednesday it was shutting down due to the economic and reputational damage inflicted by its role in the global tax evasion debacle. FILE PHOTO: Mossack Fonseca law firm sign is pictured in Panama City, April 4, 2016. REUTERS/Carlos Jasso/File Photo ...

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Continental Tyres Cup Final: Arsenal Women 1-0 Manchester City Women

Arsenal were competing in the final for the sixth time since the 2011 summer season Arsenal Women won the Continental Tyres Cup for a record fifth time as they denied favourites Manchester City Women in a tight final at Adams Park. Vivianne Miedema struck the game’s only goal, slotting in low after good build-up play from England’s Jordan Nobbs. Earlier, ...

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Wells Fargo CEO Sloan’s pay rose 35 percent in 2017 to $17.6 million

(Reuters) – Wells Fargo & Co (WFC.N) Chief Executive Officer Tim Sloan’s total compensation for 2017 was $17.6 million, about 35 percent higher than the previous year, the third largest U.S. bank said in a regulatory filing bit.ly/2pcD4QI on Wednesday. FILE PHOTO – Wells Fargo & Company CEO and President Tim Sloan testifies before the Senate Banking Committee on Capitol ...

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Court hears Flagship, Al-Azizia references against Nawaz | Pakistan

Nawaz Sharif arriving in court earlier today. Photo: Geo News  ISLAMABAD: The accountability court conducting corruption proceedings against former prime minister Nawaz Sharif resumed hearing the Flagship and Al-Azizia references today.  The former premier arrived at the Federal Judicial Complex where the courtroom is situated.  The National Accountability Bureau (NAB) had filed three interim corruption references against the Sharif family in ...

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Downing Street drops penny-pinching plan

Downing Street has backed away from a plan to scrap copper coins. The prime minister’s spokesman said there were “no proposals to scrap 1 or 2p coins”. The Treasury has been consulting on the mix of coins in circulation as card and digital payments gain popularity. Theresa May’s spokesman said: “The consultation’s call for evidence was simply intended to help ...

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Google, Apple face EU law on business practices

(Reuters) – Online platforms such as Google (GOOGL.O), Apple (AAPL.O) and Amazon (AMZN.O) face new European Union rules on their commercial practices with smaller businesses that use their services, as Brussels seeks to curtail their huge market power. FILE PHOTO: The Google logo is seen at the Young Entrepreneurs fair in Paris, France, February 7, 2018. REUTERS/Charles Platiau /File Photo ...

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Italy’s League leader opens door to government deal with 5-Star

ROME (Reuters) – The leader of Italy’s eurosceptic League said on Wednesday a government deal with the anti-system 5-Star Movement was possible after an inconclusive election, raising the prospect of two radical groups running the country. Leader of Italy’s far-right League Matteo Salvini attends a news conference at the Foreign Press Club in Rome, Italy March 14, 2018. REUTERS/Tony Gentile ...

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