Tesla to lay off over 10% of global workforce: Reports

ISTANBUL: US-based global electric carmaker Tesla will lay off more than 10% of its workforce around the world, according to reports on Monday.

“As we prepare the company for our next phase of growth, it is extremely important to look at every aspect…

Eurozone industrial production recovers in February

ANKARA: Industrial production in the eurozone rebounded on a monthly basis in February, according to Eurostat data released on Monday.

Industrial output in the single-currency zone grew 0.8% month-on-month in February, shifting from a revised decreas…

US retail sales rise 0.7% to $709.6B in March

ISTANBUL: US retail sales rose 0.7% to $709.6 billion in March, according to advance figures released Monday by the Commerce Department.

The market estimate for the figure was to show an increase of 0.4%, while the February figure was revised to $704…

US business inventories rise 0.4% in February

ISTANBUL: US business inventories rose 0.4% to $2,567.5 billion in February, according to Commerce Department figures released Monday.

The figure was in line with market expectations. Business inventories showed no change in January and stood at $2,5…

Canada’s manufacturing sales rise 0.7% in February

ISTANBUL: Canada’s manufacturing sales rose 0.7% to $71.6 billion in February, according to figures released Monday by the country’s statistical agency.

The figure came in line with market estimates, after seeing a 0.2% increase in January.

The rise…