CNBC: Tesla will lay off more than 10% of global workforce – read the Elon Musk memo
CNBC reports: Tesla will lay off more than 10% of its global workforce, according to a ...
CNBC reports:
The surprise output cut by OPEC and its allies sent oil prices rallying — and analysts say major oil importers like India, Japan and South Korea will feel the most pain if prices hit $100 per barrel, as some have predicted.
On Sunday, OPEC+ announced a production cut of 1.16 million barrels per day, in a move that oil markets were not expecting.
“It’s a tax on every oil importing economy,” said Pavel Molchanov, managing director of private investment bank Raymond James.
“It’s not the US that would feel the most pain from $100 oil, it would be the countries that have no domestic petroleum resources: Japan, India, Germany, France … to name some of the big examples,” Molchanov said. The voluntary cuts by countries in the oil cartel are set to start in May and last till the end of 2023…
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