Bloomberg Tesla Inc’s surprise profit in the third quarter came despite a drop of almost 40% in revenue from the US, its largest market. The electric automaker’s US sales plummeted to $3.13 billion in the latest quarter, from $5.13 billion a year earlier, according to a securities filing. Tesla said earlier global deliveries for the quarter rose a higher-than-expected 1.9% ...

Bloomberg Amazon.com Inc cast doubt over a Franco-German plan for a European cloud that would allow the continent’s businesses to keep their data from being stored in the US or China. After the European Union’s (EU) two leading nations unveiled plans for an EU-focussed cloud, a spokesperson for Amazon’s AWS cloud business said such a project will lack the scale ...

Bloomberg German unemployment resumed its rise as factories remained in a slump, increasing the pressure on the government to step in with fiscal stimulus. The number of jobless climbed by 6,000 in October, compared with estimates for an increase of 3,000. The unemployment rate held at 5%, near a record low. The report follows a survey in October showing manufacturing ...

Bloomberg Microsoft Corp Chief Executive Officer Satya Nadella told employees his leadership team is fully behind the sale of software to the US Defense Department, after the company won a $10 billion Pentagon contract that some workers have opposed. Addressing staff at a regular internal town-hall meeting, Nadella said he respects differing opinions on the issue, according to a person ...

Bloomberg Close to 30 Airbus SE A320neo jets operated by two Indian airlines will be grounded if they don’t update some Pratt & Whitney engines within 15 days, the nation’s aviation safety regulator said. IndiGo, India’s biggest carrier, and rival Go Airlines India Ltd won’t be allowed to fly planes fitted with two unmodified PW1100-series engines that have been in ...

Bloomberg Amazon.com Inc is lowering the cost of its grocery delivery service Amazon Fresh, the company’s latest effort to get more people to buy fruits, veggies, milk and meats online rather than going to the store. Amazon is also expanding fast delivery of online grocery orders around the country. Amazon Fresh, available in 22 metropolitan markets, will be included in ...

Bloomberg Boeing Co’s chief executive declined to endorse specific reforms to bolster safety oversight of the aerospace giant during a sometimes angry grilling in his first appearance before Congress since two 737 Max crashes killed 346 people. Several senators pressed Dennis Muilenburg on possible changes to the so-called delegation programmd in light of lapses that occurred in the Federal Aviation ...

Bloomberg Learjet — once the epitome of luxury travel for celebrities like Frank Sinatra — is gasping for breath, and Bombardier Inc is making a last-ditch attempt to revitalise the brand. It’s a tall task as demand for corporate planes has shifted to larger, more comfortable, longer-range aircraft. That has left the Learjet 75 Liberty competing in a shrinking market ...

Bloomberg Beyond Meat fell in early trading despite an increased sales forecast and its first quarterly profit. Investors were bracing for a selloff, when early backers of the faux meat maker will finally be allowed to cash out. The maker of meatless beef and sausages said third-quarter sales rose 250% to $92 million, outpacing analysts’ average estimate. The company now ...

Bloomberg The US and its Western allies at the United Nations sharply criticised China’s treatment of its ethnic Uighurs, stepping up pressure over human rights just as Washington and Beijing seek to complete a “phase one” deal in their lingering trade dispute. “We call on the Chinese government to uphold its national laws and international obligations and commitments to respect ...