Federal employees are suing Elon Musk after the entire workforce received an email instructing them to explain their work or face being fired. The suit, filed by unions and advocacy…
Category: Business News
USA: Most USAID staff laid off or placed on leave by Trump administration
The Trump administration has placed most United States Agency for International Development (USAID) employees back on administrative leave from midnight on Sunday and laid off hundreds more. In addition to…
USA: Starbucks axes some drinks and staff in bid for US turnaround
Starbucks is cutting 1,100 jobs and simplifying its menu in the US as it tries to improve flagging business in its home market. The first items to get the axe…
USA: Fed warns Trump’s tariffs may fuel inflation
American shoppers may face higher prices if US President Donald Trump goes ahead with some of his proposed tariffs, the US central bank has warned. Minutes from the Federal Reserve’s…
UK: Scotch makers condemn English single malt whisky proposal
Plans to allow English whisky makers to use the term “single malt” have led to a backlash by Scottish distilleries and politicians. Under proposals being considered by the UK government,…
USA: Apple commits to $500bn US investment
Apple plans to invest more than $500bn (£396bn) in the US over the next four years, starting with a new advanced manufacturing factory in Texas. The tech giant said it…
UAE. Cryptocurrency theft of £1.1bn could be biggest ever
Cryptocurrency firm Bybit said hackers stole $1.5bn (£1.1bn) worth of digital currency in what could be the biggest crypto theft in history. The Dubai-based company’s founder told users that their…
USA: Musk email to US government workers sparks confusion across agencies
Officials at multiple US government departments offered staff conflicting guidance on how to respond to a Saturday email touted by Trump adviser Elon Musk requesting they list their accomplishments from…
UK: BMW delays electric Mini over ‘uncertainty’
BMW has confirmed it is delaying the reintroduction of electric vehicle production at its Oxford Mini plant. The vehicle manufacturer said “multiple uncertainties facing the automotive industry” had led to…
USA: List accomplishments or resign, Musk tells US federal workers
US government workers received an email on Saturday afternoon asking them to list their accomplishments from the past week or resign – the latest development in the Trump administration’s efforts…