Elon Musk warns of major layoffs at Tesla

The head of the electric carmaker says he has a “super bad feeling” about the economy Tesla owner and CEO Elon Musk plans to cut 10% of the company’s workforce due to a “super bad feeling” he has about the economy, Reuters reported on Friday, citing an email form Musk to executives titled “pause all hiring…

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Inflation in Turkey soars to 73.5%

Turkish inflation hit a 24-year high in May amid pressure from skyrocketing food and energy prices. Official data showed on Friday that consumer prices rose 73.5% in year-on-year terms last month, up from 70% in April.

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White House to set date for Covid vaccination of babies

Coronavirus shots for the very youngest children could be authorized within a matter of weeks, a senior US official says US regulators will soon approve Covid-19 vaccines for children under five, a top White House health adviser has told reporters, suggesting the green light could come as soon as this month.

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