News That Matters

Tag: falls

Tesla to be 'reorganised' as share price falls

Tesla to be 'reorganised' as share price falls

Technology
Tesla's chief executive Elon Musk has told staff the firm is undergoing a "thorough reorganisation" after two of its cars were involved in crashes last week. The tech billionaire's email to employees also comes amid production problems and senior staff departures, with shares falling 2.1% to $ 297 on Monday.Mr Musk said the restructuring plans involve "flattening the management structure to improve communication", as well as trimming activities "not vital to the success of our mission".Tesla confirmed the contents of the email after they were reported by the Wall Street Journal.Mr Musk is trying to fix production headaches that have slowed the roll-out of its Model 3, a mid-market car seen as key to the company's success.The chief executive said in his email that Tesla will...
Simpson wins Players as Woods falls short – highlights & report

Simpson wins Players as Woods falls short – highlights & report

Sports
Media playback is not supported on this device The Players Championship, fourth-round leaderboard-18 W Simpson; -14 C Schwartzel (SA), J Walker (US), X Schauffele (US); -13 J Day (Aus), J Dufner (US); -12 K Bradley (US), H Varner III (US), T Fleetwood (Eng), D Lee (NZ)Selected others: -11 B Koepka (US), J Thomas (US), C Hadley (US), A Scott (Aus), I Poulter (Eng), T Woods (US); -10 A Noren (Swe), D Johnson (US); -9 J Rose (Eng), H Stenson (Swe); -6 J Spieth (US); -5 M Fitzpatrick (Eng), S Lowry (Ire); -4 M Laird (Sco); E S Garcia (Spa)Tiger Woods' final-round charge fell short as Webb Si...
UK inflation falls to lowest in a year

UK inflation falls to lowest in a year

Business
UK consumer price inflation fell in March to 2.5%, the lowest rate in a year, according to the Office for National Statistics.It fell from 2.7% in February after prices for women's clothing rose at a slower pace than last year.The data appears to show that the squeeze on UK households may be coming to an end as wages rise.Despite the inflation fall, economists still expect the Bank of England to raise interest rates in May. According to the most recent figures, UK wages rose by 2.8% in February. The Bank is forecast to lift the interest rate to 0.75% from 0.5% next month.Laith Khalaf, senior analyst at Hargreaves Lansdown, said that while he expected the Bank to proceed with the increase, he believes the Monetary Policy Committee will move slowly.He said: "Wage growth remains surprisingly...
Plastic bag litter falls in UK seas

Plastic bag litter falls in UK seas

Science
A study of litter in UK seas shows the number of plastic bags has fallen, amid a rise in other types of plastic rubbish. The authors say this could be due to several things - the introduction of charges for plastic bags across Europe, manufacturing changes and shifts in ocean dynamics.The research found a rise in the proportion of fishing debris.Some of the plastic debris is likely to be coming from outside the UK.The reduced proportion of plastic bags in marine litter was found from 2010 onwards. There was a drop of around 30% from the pre-2010 period compared with afterwards.If charging is a potential contributor, the downward trend could suggest that policies can affect the amount and distribution of certain marine litter items on short timescales. But in their scientific paper, the res...
Where Chinese space station Tiangong falls to Earth still a mystery

Where Chinese space station Tiangong falls to Earth still a mystery

Science
March 30 (UPI) -- The best guess of expert astronomers and space junk-trackers is that China's decommissioned, out-of-control space station, Tiangong-1, will reenter Earth's atmosphere anywhere between late Friday night and Sunday.In the words of the European Space Station: "This is highly variable."What is clear, is that it's very hard to track pieces of space junk like Tiangong."There are many factors acting on an object as it decays and reenters the atmosphere," Maj. Cody Chiles, spokesperson for the Joint Force Space Component Command, told UPI. "These factors include how it tumbles and breaks up, variations in the gravitational field of a landmass or ocean, solar radiation pressure and atmospheric drag.""These factors complicate our ability to predict what happens after reentry occurs...