Business

(Reuters) – Electric car maker Tesla Inc (TSLA.O) is cutting several thousand jobs across the company as it seeks to reduce costs and become profitable without endangering the critical production ramp-up for its Model 3 sedan. FILE PHOTO: A sign is seen outside Tesla Motors’ new showroom in Manhattan’s Meatpacking District in New York City,
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LONDON (Reuters) – Oil prices slipped on Monday, pulled down by rising Russian production and as U.S. drilling activity rose to its highest in more than three years. FILE PHOTO: An oil well pump jack is seen at an oil field supply yard near Denver, Colorado, U.S., February 2, 2015. REUTERS/Rick Wilking/File Photo Analysts expect
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FRANKFURT (Reuters) – Germany’s road vehicle authority KBA has found five “illegal switch-off devices” in Daimler (DAIGn.DE) car engines, newspaper Bild am Sonntag (BamS) reported on Sunday. FILE PHOTO: The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal Hanschke The authority said it suspected the emissions
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