Bloomberg Swiss watch exports to China plunged for the second month in a row as the Covid-19 lockdowns battered demand. Shipments to China slumped 65% in May, the Federation of the Swiss Watch Industry said on Tuesday. Still, strong appetite for timepieces in the US and Europe offset that decline and helped total exports rise 14% to 2 billion ...

  Bloomberg Tesla Inc is cutting its salaried workforce by about 10% over the next three months, resulting in an overall reduction of some 3.5% in total headcount as hourly staff numbers are still expected to grow, Chief Executive Officer Elon Musk said. “We grew very fast on the salaried side,” Musk said in an interview with Bloomberg News editor-in-chief ...

  Bloomberg UK train services were brought to a near standstill on Tuesday after workers started the country’s biggest rail strike in more than three decades, with union leaders and government at odds over issues such as pay. A proposal from 13 train operating companies was turned down on Monday, National Union of Rail, Maritime and Transport Workers General Secretary ...