Business

Tesla slashes prices in China by up to 9% as analysts warn of 'price war'

Tesla slashes prices in China by up to 9% as analysts warn of ‘price war’

SHANGHAI, Oct 24 (Reuters) – Tesla (TSLA.O) has slashed starter prices for its Model 3 and Model Y cars by up to 9% in China, reversing an upward trend across the industry amid signs of slowing demand in the world’s biggest car market. The price cuts, posted Monday on the electric vehicle (EV) giant’s Chinese …

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China's third-quarter GDP growth beats expectations, but risks loom

China’s third-quarter GDP growth beats expectations, but risks loom

China’s third-quarter GDP growth picks up as expected, outpacing f’cast September sees better than expected industrial activity Export momentum fades, imports reflect sluggish demand Persistent COVID brakes, property weakness significantly brakes BEIJING, Oct 24 (Reuters) – China’s economy rebounded at a faster-than-expected pace in the third quarter, but tight COVID-related restrictions, a protracted housing crisis …

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New York's pay transparency law will spur nationwide demands for raises: experts

New York’s pay transparency law will spur nationwide demands for raises: experts

A pay transparency law in New York that takes effect next month will likely spark a nationwide surge in workers’ demands for wage increases, experts tell The Post. Starting Nov. 1, employers hiring in New York City will be required to include the minimum and maximum wage in every job posting — from $15-an-hour dish …

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