Business

Tesla is set to unveil its long-promised robotaxi in Hollywood late on Thursday and update investors on artificial intelligence projects, efforts CEO Elon Musk has bet will drive the electric vehicle maker’s long-term growth. Enthusiasm around the event has been on display across social media, with screenshots of invites and speculation on what might be disclosed. But investors and analysts ...

Boeing announced that it plans to cut 10 percent of its workforce as it projected a large third-quarter loss amid a machinist strike in the Seattle region. The aviation giant must “reset our workforce levels to align with our financial reality,” Chief Executive Kelly Ortberg said on Friday, adding that the cuts of 17,000 positions globally “will include executives, managers ...

Two market monitoring teams under the Ministry of Commerce on Friday fined several business establishments Tk4,500 during separate drives in the city. A team led by Senior Assistant Secretary of the Ministry of Commerce Fuara Khatun conducted a drive at Mirpur Shah Ali City Corporation Market Kacha Bazar and fined several traders Tk1,500 for not hanging the price lists properly ...