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Tesla's global job cuts hit China sales team, sources say

REFILE-Tesla's global job cuts hit China sales team, sources say Corrects to drop extraneous word in paragraph 3 SHANGHAI, April 16 (Reuters) - Tesla's TSLA.O global job cuts are hitting China, the automaker's biggest market after the United States, affecting staff in teams including sales, two sources briefed on the matter said. CEO Elon Musk on Monday told staff in an internal memo seen by Reuters that the company is laying off more than 10% of its global workforce, as it grapples with falling

DS Smith agrees $7.2 bln all-share deal with International Paper

UPDATE 4-DS Smith agrees $7.2 bln all-share deal with International Paper International Paper tables formal offer Rival suitor Mondi declines to comment DS Smith shares down 2% Adds analyst comment in paragraphs 8, 9 and 12 By Yadarisa Shabong and Ananya Mariam Rajesh April 16 (Reuters) - U.S.-based International Paper IP.N on Tuesday agreed to an all-share deal to buy DS Smith SMDS.L , valuing the British packaging firm at 5.8 billion pounds ($7.2 billion) and edging out a bid by Mondi MNDI.L .

Euro zone government bond yields rise as safe-haven demand recedes

Euro zone government bond yields rise as safe-haven demand recedes Adds quotes and updates price at 1455 GMT By Stefano Rebaudo April 15 (Reuters) - Euro zone government bond yields rose on Monday after plunging on Friday , amid calls for restraint in the Middle East and some let-up in fears of an immediate escalation . Iran's weekend missile and drone attack caused only modest damage in Israel , and Washington said it did all it could to avoid open warfare erupting between the two countries.

Tesla laying off more than 10% of staff globally as sales fall

UPDATE 12-Tesla laying off more than 10% of staff globally as sales fall Staff notified of layoffs effective immediately -source Tesla looking to cut costs, boost productivity -memo Q1 deliveries fell for first time in nearly four years Battery development chief, public policy chief announce departure on X Adds Electrek report that low-cost car program jobs cut, updates share moves, paragraphs 7 and 14 By Victoria Waldersee BERLIN, April 15 (Reuters) - Tesla TSLA.O is laying off more than 10% of

Neil Woodford 'defective' in running his flagship fund, UK watchdog says

UPDATE 3-Neil Woodford 'defective' in running his flagship fund, UK watchdog says Woodford had unreasonably narrow view of responsibilities - FCA FCA findings fundamentally misconceived - Woodford, WIM lawyers Timing of warning notices "questionable" - ShareSoc No other parties under investigation over 2019 fund failure Adds details of case paragraphs 3, 6, 9-16 By Huw Jones and Kirstin Ridley LONDON, April 11 (Reuters) - Neil Woodford, the former star stock picker whose flagship fund collapsed


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