Jan 10, 12:14 AM EST Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Adam Levine-Weinberg 01/10/19 AT 12:14 AM In October, Tesla (NASDAQ:TSLA) reported blowout earnings for the third quarter. It managed to surpass its gross margin guidance for the Model 3 sedan by a wide margin while also clamping down on expenses. This reassured investors about the company's long-term earnings potential, causing Tesla stock to soar.However, Tesla threw a wrench into that rosy narrative last week. Not only did its fourth-quarter delivery total come in slightly below analysts' expectations, but the company also announced a $2,000 price cut for all of its models in the U.S. This move raises new worries about how much demand there is for Tesla's pricey vehicles.A disconcerting updateTesla delivered 90,700 vehicles last quarter -- a new record for the company -- including 63,150 Model 3s. Production was slightly lower at 86,555 … [Read more...] about Tesla’s $2,000 Price Cut Is Bad News
Daniel Howes and Ian Thibodeau and Nora Naughton The Detroit News Published 11:40 PM EST Jan 9, 2019 Thirty years after the Detroit Auto Dealers Association rebranded its hometown auto show an “international” must-do for the global industry, the era is over. The North American International Auto Show, launched in 1989, next week holds its final media preview before its latest reincarnation. Come June 2020, it’ll aim to be the cornerstone of an automotive extravaganza showcasing a reinvigorated Detroit as much as an auto show reimagined around experience and advanced technology. This month’s show is a diminished husk of its former grandeur, abandoned by European automakers, sparsely attended by executives and increasingly deemed unnecessary to media outlets now accustomed to covering the industry via the web or at focused events organized by a single automaker. Just 30 new models are expected to be unveiled, organizers … [Read more...] about Technology, frugality redefining Detroit auto show
STV News is now “highly dependent on young, multi-skilled, inexperienced journalists”, a union representative has warned following a restructure that resulted in around 30 people taking voluntary redundancy. The Scottish broadcaster announced in May last year that it planned to cut 34 jobs in its news division and another 25 with the closure of its loss-making channel STV2.TimelineOctober 10, 2018STV News appoints Canadian TV boss to lead three-year 'transformation' plan as head of newsJuly 10, 2018BBC poaches ITV talent and promotes its own in naming anchors for flagship daily news programme on new Scotland channelJune 26, 2018Ofcom gives green light to new BBC Scotland channel despite fears of threat to STV and news publishers National Union of Journalists members voted almost unanimously to strike, but never took industrial action after STV backed down on plans for compulsory redundancies.STV confirmed to Press Gazette this week that its overarching restructure to … [Read more...] about STV News reliant on young ‘inexperienced’ journalists after losing ‘significant number’ of ‘valuable’ staff in restructure, says union rep
Coconut worms, harmful pests found living in coconut trees, are still being sold and consumed as food in Vietnam, despite prohibition efforts by authorities. The larvae of coconut worms can be made into butter- or flour-fried dishes, or, infamously, eaten alive after being dipped in chili fish sauce. Such dishes are immensely popular among epicures in Vietnam, elevating coconut worms to the status of a specialty in the Mekong Delta. However, once coconut worms mature past larvae, they transform into a natural enemy of the coconut tree, flying from one tree to another, drilling holes in their trunks, and leaving them to gradually wither and die. Damage caused by the pest prompted Vietnam’s Plant Protection Department to have banned the raising and trading of coconut worms since 2001, though acquisitive traders and curious foodies continue to sell and consume the worms. Dung, a coconut worm supplier in Ho Chi Minh City, claimed that he is currently supplying coconut worms to … [Read more...] about Business In Vietnam, coconut worms still sold openly despite ban Ho Chi Minh City introduces Japanese-styled organic waste treatment technology
Fake news, false reporting, disinformation, propaganda, lies. Call it what you want, but the phenomenon is as old as the concept of communication itself. In our digital age, however, the problem has become far more acute; social networks such as Facebook, Youtube and WhatsApp allow any information, authentic or otherwise, to spread instantly to people all over the world. The digitisation of disinformation has been blamed for skewing the results of elections and referenda and leading public opinion down the wrong path. So what needs to be done in Europe to minimise the problem? Euronews spoke with Chris Marsden, a lawyer and professor of media law at the University of Sussex in the UK. He, along with political scientist Trisha Meyer, presented the findings of a study they co-authored to The Panel for the Future of Science and Technology (STOA), a branch of the European Parliament that organises discussions and forums on emerging and tech-led topics of political relevance (see more … [Read more...] about How can Europe tackle fake news in the digital age?