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Bloomberg The National Highway Traffic Safety Administration (NHTSA) says it’s received a petition calling for an investigation of certain Tesla Inc electric cars and is evaluating the complaint, according to a notice posted on regulator’s website. The petition, filed by a law firm representing Tesla drivers, alleges that Tesla updated battery management software in response to a potential defect that ...

Bloomberg Half of high-income millennials ages 30 to 34 fear they’ll have to work forever because they won’t be able to save enough to retire. That’s one take-away from a recent study that focussed on high-income millennials, those with a minimum annual income of $100,000 for single people or $150,000 for married ones. The survey was conducted by the Spectrem ...

Bloomberg HP Inc will slash as much as 16 percent of its workforce as part of a broad restructuring meant to cut costs and boost sales growth amid the company’s first change in top leadership in four years. The personal computer giant said it will cut 7,000 to 9,000 positions through firings and voluntary early retirement. The job reductions will ...

Bloomberg President Donald Trump’s battle against an accelerating impeachment inquiry is growing tougher after a week of damaging revelations and self-inflicted wounds that emboldened Democrats and put the White House on defense. The president added to the frenzy by publicly calling on Ukraine and China to investigate former Vice President Joe Biden, echoing the conduct that sparked the impeachment effort ...

Bloomberg The Taliban met with US special envoy Zalmay Khalilzad in Pakistan, for the first time since US President Donald Trump ended negotiations for an Afghan peace deal, the Associated Press (AP) reported. Khalilzad met with the Taliban delegation led by Mullah Abdul Ghani Baradar in Islamabad, the AP said, citing an unidentified Taliban official. The US has said peace ...

Bloomberg North Korea sent a group of working-level officials to Dandong, China, to prepare for a possible visit by its leader Kim Jong-un, according to South Korean newspaper Dong-A Ilbo. “It won’t be surprising if Kim visits China soon,” a person familiar with North Korean issues was quoted by the newspaper as saying. An unnamed South Korean official told the ...

Bloomberg Hong Kong went into near shutdown as businesses closed and rail services were suspended for the first time in more than 20 years after overnight violence described by Chief Executive Carrie Lam as a “very dark day.” A person was shot and injured during a scuffle between a plain-clothes police officer and demonstrators who had attacked his car. The ...

Bloomberg Cameroon president Paul Biya has ordered the release of opposition leader Maurice Kamto, who was detained in January for organising demonstrations in the central African nation. The president ordered all proceedings pending before the Yaounde Military Tribunal against Kamto discontinued, according to a statement read on state radio by the secretary general. Supporters of the Cameroon Renaissance Movement had ...

Bloomberg When Fabian Picardo became chief minister of Gibraltar — the rocky relic of British colonialism at the tip of Spain — he could scarcely have imagined that his main concern one day would be keeping shelves stocked at the local supermarkets. That was before Brexit posed the greatest risk to the tiny territory and its 32,000 inhabitants in decades. ...

Bloomberg India’s central bank Governor Shaktikanta Das pledged further monetary policy easing if needed after reducing interest rates for a fifth time to boost a flailing economy. The Reserve Bank of India (RBI) lowered its benchmark repurchase rate by 25 basis points to 5.15 percent, in line with the forecasts of a majority of economists surveyed by Bloomberg. Echoing Mario ...