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☆ Tesla stock surges 18% after stellar earnings, one of its biggest gains in years
▼ + stars: | 2024-10-24 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Tesla shares rallied as much as 18% on Thursday after the company reported strong earnings. The carmaker reported better-than-expected auto margins and gave strong guidance for 2025. The jump on Thursday marks one of Tesla's biggest intraday percentage gains in years. Others on Wall Street, though, raised questions about other aspects of Tesla's business. "TSLA offered no details on a CY25 model, no details on improved FSD, and no details on its plans for Optimus.

Persons: Tesla, —, Elon Musk's carmaker, Aaron, Morningstar, Musk, we're, TSLA Organizations: Service, Elon, Wedbush Securities, Wall, Optimus Locations: China, CY25

The move angered foreign governments and foreign-owned carmakers who say the change will disqualify a majority of their EV fleets from North American markets. "But it should not have negative side effects on their European allies and the European economy." South Korean President Yoon Suk-yeol also spoke to Biden about the issue during a bilateral meeting at the G20 summit, according to Yoon’s office. The Treasury is working to define the rules for some $278 billion worth of tax credits on EVs, solar and wind power investments and a range of other technologies. While a number of countries have said the U.S. tax credits likely violate World Trade Organization rules, none have sought to file a formal challenge.

[1/2] Kenya Airways pilots attend a court session after the association's management was summoned for contempt of a court order declaring as illegal the ongoing strike of Kenya Airways pilots, organised by KALPA, at the Milimani Law Courts, in Nairobi, Kenya, November 8, 2022. REUTERS/Monicah MwangiNAIROBI, Nov 8 (Reuters) - The striking pilots at Kenya Airways (KQNA.NR) have been ordered to resume work by November 9, a court ruled on Tuesday, while also barring the airline from penalising the pilots. Employment and Labour Relations court Judge Anna Mwaure ordered "the Kenya Airways pilots to resume their duties as pilots by 6 a.m on 9th November unconditionally." The order comes after a letter from the CEO of Kenya Airways earlier showed its plans to cancel its bargaining and recognition agreements with its pilots union, saying their current strike is unlawful and it amounts to economic sabotage. Members of the Kenya Airline Pilots Association (KALPA) — a union that represents about 400 pilots at the carrier - went on strike on Saturday after failing to resolve a dispute over their pensions contributions and settlement of deferred pay.

☆ Kenya Airways to dump bargaining deals with pilots, letter shows
▼ + stars: | 2022-11-08 | by ( Industry Insight | Reuters Professional | Regenerative Agriculture Seen As Answer To Averting Africa'S Growing Food Crisis | ) www.reuters.com time to read: +2 min

[1/2] Kenya Airways pilots attend a court session after the association's management was summoned for contempt of a court order declaring as illegal the ongoing strike of Kenya Airways pilots, organised by KALPA, at the Milimani Law Courts, in Nairobi, Kenya, November 8, 2022. REUTERS/Monicah MwangiNAIROBI, Nov 8 (Reuters) - Kenya Airways (KQNA.NR) plans to cancel its bargaining and recognition agreements with its pilots union, saying their current strike is unlawful and it amounts to economic sabotage. Members of the Kenya Airline Pilots Association (KALPA) — a union that represents about 400 pilots at the carrier - went on strike on Saturday after failing to resolve a dispute over their pensions contributions and settlement of deferred pay. The carrier, which is one of the biggest in Africa, wants to withdraw from its collective bargaining agreement with the union, a letter by signed by its CEO Allan Kilavuka showed on Tuesday. "We hereby give notice by KQ (Kenya Airways) of its immediate withdrawal from the existing recognition agreement and the collective bargaining agreement with KALPA," the company said in the letter.

NEW YORK, Nov 6 (Reuters) - Home Depot Inc (HD.N) retail workers voted against forming a union at a location in Pennsylvania, the U.S. National Labor Relations Board (NLRB) said late on Saturday. More U.S. companies including Starbucks Corp and Amazon.com and grocer Trader Joe's Inc have seen some workers petition to form unions. Home Depot did not immediately respond to a Reuters request for a comment regarding the outcome of the voting. Home Depot Workers United sought to unionize to address concerns regarding wages, staffing and training, said Vincent Quiles, interim president of Home Depot Workers United and a receiving associate at Home Depot. The independent union in mid-October filed an unfair labor practices charge against the retailer for engaging in unlawful surveillance and interrogating workers at the Philadelphia location, according to Home Depot Workers United.

Boosting energy efficiency of older buildings is seen as a key way to help countries meet their climate goals, although the pace of change has been slow so far. "What we figured out is that most buildings (...) are running on control technology that really hasn't changed since the 60s or 70s," President of Runwise Lee Hoffman said. "On a macro level, about 45% of carbon emissions in most major cities are coming from how buildings operate. So if you want to address climate, you literally have to start with buildings," he added. European Union lawkmakers last month backed plans to save more energy, including through renovating draughty buildings.

SYDNEY, Nov 3 (Reuters) - Australia on Thursday urged its multi-billion dollar mining industry to support the government's plans for a referendum to give the country's Indigenous people a voice in parliament. The proposal to enshrine an Indigenous voice in parliament was a pledge Albanese's Labor party took to the May general election where it ended almost a decade of conservative Liberal-National coalition government. "I urge the resources sector to play a positive and energetic role in ensuring voice campaign is a success. After all, First Nations people of Australia were the first to inherit the extraordinary natural endowment this continent and the resources sector owes First Nations people so very much." A successful referendum would bring Australia in line with Canada, New Zealand and the United States in formally recognising indigenous populations.

☆ Judge conducting special master review questions Trump's claim of privilege over White House documents: 'Where's the beef?'
▼ + stars: | 2022-10-19 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

Trump's lawyers have claimed attorney-client or executive privilege over documents seized by FBI. A judge agreed to appoint a special master who can review documents to check for privileged info. The special master said there has been insufficient evidence of privileged information so far. Trump's lawyers also raised issues with finding a vendor to digitize thousands of documents so that they can be reviewed by Drearie. Judge Cannon extended the deadline to complete the special master review by December 16.

☆ Trump insisted on having a special master in the Mar-a-Lago case, but that call is increasingly backfiring
▼ + stars: | 2022-10-19 | by ( Tom Porter | ) www.businessinsider.com time to read: +4 min

Judge Raymond Dearie accused Trump's lawyers of making contradictory claims. Trump pushed for Dearie to be appointed, but it's a decision that visibly backfired. In earlier hearings, Dearie has pushed Trump's lawyers to provide evidence to back the claims Trump's made in public. In reply Trump's legal team shied away from answering, saying that presenting the evidence could imperil his defense in a potential trial. Aileen Cannon, the main judge in the Mar-a-Lago case overruled Dearie when he pushed Trump's lawyers to provide the evidence by a specific deadline, shielding them from a further pitfall.

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