Tesla (NASDAQ: TSLA) has grown to become the largest producer of electric vehicles (EVs) worldwide. The automotive industry is facing supply chain disruptions that have slowed production, and a brutal sell-off in the stock market has sent company valuations in the tech sector plunging. Tesla just reported its production figures for the second quarter of 2022, and it revealed the largest sequential drop in two years.
By declaring the event a terrorist attack, police will have greater investigative powers under New South Wales’ terrorism laws
Israel's foreign minister said on Tuesday he was urging countries to place sanctions on Iran's missile programme and proscribe its Revolutionary Guard Corps as a terrorist organisation after Iran's first-ever direct attack on Israel. "Alongside the military response to the firing of missiles and drones, I am leading a diplomatic attack against Iran," Foreign Minister Israel Katz said in a social media post. Katz said he sent letters to 32 countries and spoke with numerous counterparts, calling on them to "place sanctions on Iran's missile project and declare the Revolutionary Guard a terror organisation, as a way to stop and weaken Iran."
Sitting on flimsy plastic chairs in an old town hall with holes in the roof and flaking paint on the walls, a dozen young people wait patiently for their turn to join Myanmar’s rebel army.
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Traffic chaos has hit three motorways following a three-vehicle crash on Tuesday morning - with the M25 and M26 shut, and traffic tailing back for three miles on the M20. A 10-mile stretch of the M25 is shut clockwise in Surrey, between junction 5 at the M26/Sevenoaks, and junction 6 at Godstone. Around 10 miles of the M26 westbound has also been shut, from junction 2A at the A20, to where the motorway joins the M25.
Superdry today launched a restructuring plan aimed at saving the once mighty brand which will see it raise cash and slash rents. It will delist from the stock market as part of the plan, which should give it time away from the glare of daily scrutiny of its battered share price. There will be rent cuts on 39 of its UK stores and an extension on loans agreed with Bantry Bay and Hilco.
The FTSE 100 is set to open much lower after a sell-off in the US yesterday evening. Meanwhile, unemployment and wages figures will be closely watched, as the bank of England hopes to see wage growth moderating. B&M European Value Retail singled out the contribution from the former Wilko stores it bought as it reported a rise of over 10% in annual revenue of £6 billion today.
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Police arrested a 16-year-old boy after the stabbing at Christ the Good Shepherd Church in which a bishop, a priest and churchgoers were attacked
STORY: A recent survey found that inflation and fewer donations are squeezing animal sanctuaries across the United States.All but one of the 45 sanctuaries surveyed by the Catskill Animal Sanctuary in upstate New York - reported higher prices for essentials like hay and grain since the pandemic, with more than a third seeing costs double.The Catskill sanctuary itself is home to two hundred rescued animals, ranging from chickens and turkeys to 18 cows and a 35-year-old blind horse.Kathy Stevens is its founder."Costs are through the roof. Costs of our most essential supplies, like hay and grain and medical care, are through the roof. Not going up incrementally, but going up by ten, 20, 30, 40, 50%. At the same time, donations are down. Donations at every level, from the modest $10 donation to, to the, to the huge philanthropic gifts that that come in every year."Stevens says many of the animals at her sanctuary come to them from the farming industry, escaping slaughterhouse-bound trucks.Or from farms after the owner passes away.While others are discovered roaming the streets or rescued from other sanctuaries. "If sanctuaries continue shutting down the way they have started to shut down, a lot of these animals will starve to death. We're seeing it happen already. In another just as grim scenario, they would probably be sent to slaughter if officials, for example, have to intervene. Once again, there's nowhere for 2,000 pound cows to go, so they presumably would be sent to slaughter."Although the yearly rise in US consumer prices has dropped from a peak of 9.1% in June 2022, that rate of disinflation has nearly halted in recent months - meaning prices are holding steady.Over the past year until March, the Consumer Price Index rose by 3.5%.Stevens says to cope with rising costs and a drop in donations in 2023, Catskill has significantly reduced its budget. Their survey also found one in three sanctuaries said they were concerned as to whether they can survive.
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The ONS said the jobless rate jumped to 4.2% in the three months to February, up from 3.9% in the three months to January.
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