Economy

Tesla workers cited a sense of uncertainty over how job cuts would be implemented. Musk’s order earlier this month that they return to the office and stop working remotely had made their positions untenable. The full scope of the job…

Business and government users on Twitter may need to pay a "slight" fee to stay on the social media platform, Tesla boss Elon Musk has said. It comes after the board of Twitter agreed to a $44bn (£34.5bn) takeover offer from Mr…

South Asia’s recovery continues as global demand rebounded and targeted containment measures helped minimize the economic impacts of the recent waves of COVID-19, says the World Bank in its twice-yearly regional update. However, the…

Brent oil roared above $80 a barrel on signs that demand is running ahead of supply, depleting inventories amid a global energy crunch. The leading crude benchmark rose for a sixth day to hit the highest since October 2018, while West…

A branch of McDonald's in Oregon, US, is calling on 14 and 15 year olds to apply for jobs at the restaurant amid a shortage of fast food workers. The Biddle Road franchise in Medford put a banner outside its shop two weeks ago, urging…

Sri Lanka has declared an economic emergency, after a steep fall in the value of the South Asian country's currency caused a spike in food prices. Authorities say they will take control of the supply of basic food items, including rice…

Pavla and Alain Schneuwly called Singapore home for more than a decade, raising their two sons in the South East Asian business hub. "Everything was perfect, life was beautiful. We could travel around and enjoy the best of Singapore,"…

Toyota is resuming operations of its autonomous vehicles at the Paralympic Games village in Tokyo following an accident. Services of the e-Palette pods were halted after a vehicle hit a visually impaired athlete last week. The athlete…

China’s economic activity slowed more than expected in July, with fresh virus outbreaks adding new risks to a recovery already hit by floods and faltering global demand. All the main data missed forecasts: retail sales expanded 8.5% in…

Indonesia launched on Monday a website to process investment permits, which the government hailed as an important milestone in reforms aimed at making it easier and quicker to do business in Southeast Asia's largest economy. President…