Tesla Ends Streak of Record Quarterly Profits After China Factory Shutdown

Updated July 20, 2022 6:17 pm ET Listen to article (2 minutes) Tesla reported its first sequential decline in quarterly profit in more than a year as it navigates global economic turmoil and recovers from an extended shutdown at its Shanghai assembly plant. The company has felt the sting of supply-chain disruptions, the global chip … Read more

Linklaters pulls out of Russia over Ukraine war

Linklaters is pulling out of Russia and closing down its Moscow office over the Ukraine war, making it the first major western law firm to confirm it is exiting the country. “We will wind down our operations in Russia and close our Moscow office,” the firm said in a 4 March statement. Linklaters had described … Read more