Trial underway for Panama Papers, a case that changed that country's financial rules

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    The case against Superintendent Novlett Robyn Williams, a highly decorated former Metropolitan Police officer, has been dropped after a court heard she was left “traumatised” by her legal ordeal.

  • Elon Musk lays off Tesla execs, plans more cuts

    STORY: Elon Musk looks to be doing more layoffs at Tesla. Reports by The Information on Tuesday (April 30) say he’s fired two top executives, and plans to get rid of hundreds more workers. Musk is said to be frustrated by falling sales, and the pace of earlier job cuts. The story quotes an email said to be from Musk. In it he says, “these actions are making it clear that we need to be absolutely hard core about headcount”. In an apparent warning to managers, he says “while some on exec staff are taking this seriously, most are not yet doing so”. There was no immediate response to a Reuters request for comment. It all follows a move earlier this month to shed some 10% of the company’s workforce. Tesla is grappling with falling sales and an intensifying price war which it started. Reporting earnings last week, it said all that led to its first quarterly drop in revenue since 2020. Musk this weekend made a surprise visit to China, the epicenter of the price battle. There he made progress on rolling out the brand’s advanced driver assistance features in the country. However, Tesla faces fierce competition from local makers like BYD in what is now the world’s biggest car market.

  • Family Sues United Airlines After Nightmare Near-Crash Ruins Their Vacation

    ReutersA family aboard a Boeing 777 jetliner that suddenly dropped from the sky after takeoff and almost crashed is suing United Airlines over the harrowing incident they say nearly killed three generations of kin in one fell swoop.“This litigation arises out of the near death of eleven members of the Maltz family on United Airlines Flight 1722 on December 18, 2022, due to the negligence of United Airlines, Inc. and its flight crew,” according to a lawsuit filed April 24 in Chicago federal court

  • What are the implications of taking your pension at 55?

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  • The huge former Ford engine plant site in Bridgend has a new owner

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  • HSBC plunged into succession battle as chief executive quits

    HSBC has launched a hunt for a new chief executive after Noel Quinn unexpectedly stepped down to pursue a better work-life balance.

  • JPMorgan says its Russia assets may be seized after lawsuits in Russia, US

    NEW YORK (Reuters) -JPMorgan Chase said in a filing on Wednesday that its assets in Russia may be seized after lawsuits in Russian and U.S. courts. The bank faces several legal challenges over its Russian dealings after the U.S. and European nations imposed economic sanctions on Russia in response to its invasion of Ukraine. The value of claims and orders to freeze assets exceeds JPMorgan's available assets in Russia, the largest U.S. lender said.

  • Shell to close Chinese green power generation business

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  • Lidl eyeing up Leigh and SEVEN more south Essex locations for new stores

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  • India unlikely to impose export curbs on low-grade iron ore, source says

    India is unlikely to impose tariffs on exports of low-grade iron ore for now despite rising overseas sales to China, a source with direct knowledge of the matter said, turning down requests from small steel producers. China typically accounts for more than 90% of overall shipments of iron ore from India which is the world's fourth-largest producer of the steel-making ingredient. The Ministry of Steel was considering an export tax on iron ore after India's small and secondary steel producers earlier this year petitioned the government to curb rising exports.

  • Sensodyne maker Haleon to shut UK factory with loss of 435 jobs

    The consumer healthcare group is aiming to close the site on a phased basis over the next two years.

  • Starbucks lowers guidance, promises new drinks and deals after customer traffic fell in weak Q2

    Starbucks lowered expectations for its full-year sales and profit Tuesday after a disastrous quarter that saw a slowdown in store visits across the world. “Our performance this quarter was disappointing and did not meet our expectations,” Starbucks CEO Laxman Narasimhan said during a conference call with investors. Starbucks said a mix of issues impacted sales.

  • Volkswagen’s electric car orders double in Europe

    Volkswagen’s orders for electric vehicles shot up in Europe in the first quarter of 2024 compared with a year ago, countering suggestions that drivers may be losing interest in EVs.

  • Ex-Camelot boss Nigel Railton named as new Post Office chair

    Interim role will include overseeing compensation payments as result of Horizon IT scandal

  • Razer forced to pay more than $1M in refunds for its RGB 'surgical N95 respirators' that were not N95 respirators

    Razer billed the Zephyr as an N95 mask, and the FTC says that was a lie.

  • Premier Inn owner Whitbread to cut 1,500 jobs amid restaurant chain closures

    The hospitality group plans to close or convert more than 200 restaurants in a bid to ‘optimise’ its estate.

  • Barclays Says It’s Winning Asia Business From US Firms

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    The latest investor updates on stocks that are trending on Tuesday.