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Tag Archives: new business ideas

Tesla delays Model 3 production in its worst quarter

Electric carmaker Tesla pushed back targets for its new Model 3 car, admitting it’s months behind schedule.Tesla said it would now produce 5,000 of the cars each week by early 2018, instead of December.The new target emerged as Tesla posted its biggest quarterly loss ever, sending its shares down …

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Members only

A new breed of fashionable private members clubs are growing in popularity around the world, promising to be more inclusive and diverse than their stuffy older counterparts.Yet while the newer venues certainly have a far more youthful membership, and you certainly don’t need to have gone to a posh …

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Facebook ad revenue tops $10bn

Facebook profits soared in the third quarter as it brought in more than $10bn from advertising.The firm said profits were $4.7bn (£3.5bn) in the three months to the end of September, up 80% year-on-year. Chief executive Mark Zuckerberg told investors the firm’s investments in security would “impact” profitability.US lawmakers …

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UK bank accused of 'criminal complicity' in South Africa scandal

Lord Peter Hain has said a UK bank should be investigated for “possible criminal complicity” in connection with corruption allegations in South Africa.Lord Hain told the House of Lords he had sent print-outs of transactions and named the bank concerned in a letter to Chancellor Philip Hammond.He said the …

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Fed holds interest rates steady for now

The Federal Reserve has said US economic activity remains “solid” despite recent hurricanes and voted to hold interest rates steady for now.The outcome of the US central bank’s meeting in Washington was widely expected.The Fed has raised benchmark interest rates twice this year already, responding to signs of economic …

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Why Finnair wants to put passengers on the weighing scales

For the past two days, passengers passing through Helsinki airport may have wondered whether their airline is suffering from weight issues. At check-in, Finnair staff have been asking them to please step briefly on to a set of weighing scales.But this isn’t a new “thin air” strategy to slim …

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