More than 12,000 university jobs lost across UK
More than 12,000 university jobs have been cut across the UK in the past year, according to new analysis from the University and College Union (UCU), ...
Elon Musk announced he will sharply reduce his involvement in the Trump administration’s Department of Government Efficiency starting next month, shifting focus back to Tesla amid mounting investor pressure and falling sales.
Tesla CEO Elon Musk announced on Tuesday that he will significantly reduce the amount of time he spends on work related to the Trump administration, beginning next month, in order to dedicate more attention to his various companies, particularly Tesla.
Musk has been at the forefront of the Department of Government Efficiency (DOGE), a controversial initiative within the Trump administration focused on cutting federal jobs. His involvement has sparked widespread protests and acts of vandalism at Tesla showrooms, while shareholders have increasingly voiced concerns that Musk’s government commitments have distracted him from addressing Tesla’s declining sales.
“With much of the heavy lifting to establish the DOGE team and collaborate with the government to restore financial discipline now completed, I’ll be scaling back,” Musk said during an earnings call with analysts. However, he clarified that he still expects to allocate around 40% of his time to the initiative.
Tesla stock, which had already gained 4% in after-hours trading ahead of the earnings call, surged further to a 5.5% increase following Musk’s comments. Despite the jump, Tesla’s share price remains nearly 50% below its December peak.
In its post-market earnings report, Tesla posted stronger-than-expected profits in its core automotive business and confirmed it was on track to begin production of a more affordable electric vehicle. However, the company warned it would reevaluate its growth outlook in the next quarter, citing uncertainty tied to evolving global trade policies and shifting political dynamics that could affect consumer demand.
Trade tensions with China added further complications. Tesla has paused some component imports from China in response to the U.S. raising tariffs on Chinese goods to 145%. In retaliation, China imposed its own tariffs, prompting Tesla to suspend new Model S and Model X orders in the Chinese market.
Musk reiterated his stance in favor of lower tariffs and acknowledged the broader challenges facing the auto industry. “Tesla isn’t immune to changes in macroeconomic demand,” he said. “When people are uncertain about the economy, they tend to delay major purchases like cars.”
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
More than 12,000 university jobs have been cut across the UK in the past year, according to new analysis from the University and College Union (UCU), as nearly half of English universities now face financial deficits.
Today, 10 October, the CIS Heads of State Council meeting is underway in Dushanbe, Tajikistan, in a limited format attended by leaders from member states.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 10th of October, covering the latest developments you need to know.
Peru's Congress voted unanimously on Friday to remove President Dina Boluarte from office in a late-night session held hours after political blocs from across the spectrum called for her ouster.
A powerful magnitude 7.5 offshore earthquake hit the southern Philippines on Friday, prompting tsunami warnings and evacuations of people in coastal areas of Mindanao.
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