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Musk dares authorities to arrest him after opening Tesla’s plant

Bloomberg Elon Musk restarted production at Tesla Inc.’s only US car plant, flouting county officials who ordered the company to stay closed and openly acknowledging he was risking arrest for himself and his employees. “I will be on the line with everyone else,” the chief executive officer said in a tweet. “If anyone is arrested, I ask that it only ...

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Thyssenkrupp warns of Q3 losses

Bloomberg Thyssenkrupp AG warned losses could surge in the third quarter due to the coronavirus crisis, further eating into cash from a multibillion-euro elevator sale that was meant to fund a turnaround. The engineering conglomerate said it could lose 1 billion euros ($1.08 billion) this quarter after its net after-tax loss widened about 40% to 1.31 billion euros in the ...

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UK’s low-paid workers take the brunt of virus jobs fallout

Bloomberg Almost a quarter of jobs in the UK are at risk due to coronavirus, and those earning low incomes are the most vulnerable, according to McKinsey. About 7.6 million workers are exposed to a reduction in hours, being furloughed or permanent layoffs during lockdown, the analysis published on Tuesday found. Nearly half those jobs are in occupations earning less ...

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