Tesla has settled with a former employee in a long-running discrimination case that drew attention to the electric vehicle maker’s treatment of people of color. Owen Diaz, who was awarded nearly $3.2m by a federal jury last April, reached a “final, binding settlement agreement that fully resolves all claims”, according to a document filed Friday…
Chinese leaders who have been predicting an end to the country’s deflation would have been heartened by official statistics this week showing consumer prices had increased for the first time in six months. The news came as the ruling Communist party used its annual gathering in Beijing to declare the economy would clock up growth…
A group of angry French farmers stormed into a Paris agriculture fair on Saturday before a planned visit by Emmanuel Macron, amid anger over costs and regulations. Facing dozens of police officers inside the fair, the farmers shouted and booed, calling for the French president’s resignation and using expletives aimed at him. There were some…
The Abu Dhabi-backed company that is trying to take over the Telegraph newspapers has announced a £1.15bn deal to buy the production company behind Fleabag and the Traitors. Under the deal, RedBird IMI, which is headed by the former CNN president Jeff Zucker, will take over London-based All3Media with the agreement of its owners Warner…
Two years ago, the House of Lords looked into whether the Bank of England should issue digital pounds to be held in electronic wallets. Peers were unconvinced, asking if this wasn’t “a solution in search of a problem”. Last December, MPs on the Treasury select committee said the same thing. The government’s response, however, was…
The co-founder and boss of Superdry is hoping to buy back the struggling fashion brand as it considers store closures after a slump in sales. Julian Dunkerton, who owns a 20% stake, is in talks with potential partners to fund a cash offer for the company, which is valued at about £40m on the stock…
The Swiss insurer Zurich alleges it has been the victim of fraud in a counter-claim in London over the demise of the Greensill business empire, drawing the financier Lex Greensill and the metals magnate Sanjeev Gupta into a £320m court battle. Zurich Insurance Company was last year sued in the high court by the administrators…
1:10 Protesting farmers blockaded roads and camped outside the European parliament building in Brussels on Thursday, ahead of a EU leaders’ summit in the Belgian capital. The demonstrators lit two fires outside and placed their tractors in front of the European parliament building. Farmers have been protesting across Europe against rising costs in the agriculture…
New buildings in the EU must have no emissions from fossil fuels by 2030, and boilers that use those sources will be banned by 2040 under a new deal on energy and homes. The rules, agreed between MEPs and member states but not yet formally adopted, set targets to make buildings waste less energy. Subsidies…
Rishi Sunak has sacked Suella Braverman as UK home secretary after she was blamed for inflaming tensions over Armistice Day protests and saying police favoured leftwing protesters. A government source told the Guardian: “Rishi Sunak has asked Suella Braverman to leave government and she has accepted.” Her dismissal is expected to form part of a…
