Source: Sky News
Israeli forces have systematically destroyed entire neighborhoods in southern Lebanon, leveling more than 37 towns and wiping out over 40,000 residential units, according to Lebanon's National News Agency.
Tuesday, November 5, 2024
Lebanon’s army chief, General Joseph Aoun, detailed to Caretaker Prime Minister Najib Mikati how Israeli forces likely exploited gaps in the country's coastal radar system during the recent raid carried out in Batroun. The briefing comes as Lebanese officials seek answers on how Israel’s elite Shayetet 13 unit carried out the landing undetected.
Monday, November 4, 2024
“Large numbers of people continue to flee their homes every day, as Israel’s military operations in Lebanon have been going on unabated.” These disturbing words could be from almost any news report about Israel’s invasion of its northern neighbour over the past month. However, they can be found in a report by the Norwegian Refugee Council’s Internal Displacement Monitoring Centre issued on July 27, 2006.
Saturday, November 2, 2024
At the end of September, when Israel’s campaign to destroy Hezbollah was reaching its height, I met one of the group’s supporters in a seaside café in western Beirut. He was a middle-aged man with a thin white beard and the spent look of someone who had not slept for days. He was an academic of sorts, not a fighter, but his ties to Hezbollah were deep and long-standing.
Thursday, October 31, 2024
Tottenham forward Son Heung-min was crowned as Asia’s International Player of the Year for the fourth time by the Asian Football Confederation at its annual awards ceremony Tuesday.
Wednesday, October 30, 2024
Real Madrid has launched an investigation into racist insults directed at players during Saturday’s 4-0 home loss to Barcelona in LaLiga, it said on Sunday.
Monday, October 28, 2024
Thursday 21 April 2022 15:54:18
Price rises to offset an increase in costs within Tesla's supply chain has helped the company post a leap in profits and Elon Musk to $23bn (£17.6bn) in rewards.
The electric vehicle's founder and CEO, who is currently fronting an audacious $43bn bid for Twitter and takes no Tesla salary, is already the world's richest person by far.
He was deemed last night to have qualified for the payout after the company met performance goals during the first quarter of the year.
Those targets include Tesla's share price and financial performance, the latter of which shrugged off global supply chain disruption and production cuts in China - both linked to the COVID-19 pandemic.
Tesla, which also includes a solar panel division, reported revenue of $18.8bn for January to March - boosted by multiple price hikes meant to offset rising costs of lithium, nickel, cobalt and other raw materia
It took Tesla's pre-tax profit per vehicle delivered above $16,000 - a rise of more than 60% on the same period last year.
Net income came in above $3.3bn.
Shares - down more than 7% this year following a meteoric rise over the past 18 months which made Tesla the world's most valuable carmaker - rose by more than 5% in after-hours deals.
However, analysts cautioned that it may be harder for Tesla to post similar numbers later this year as its costs increase further.
The company is bringing new factories in Germany and Texas up to pace at a time when Russia's invasion of Ukraine is pushing up commodity costs further and squeezing consumer incomes - a consequence of rampant inflation.
It is also facing more competition.
Musk said on a conference call with analysts that Tesla's waiting lists remained long however he could not rule out further hikes to list prices saying: "We hope we don't need to increase the pricing further."
Despite the Chinese production and supply chain problems, Tesla reiterated its guidance of 50% annual average growth in vehicle deliveries over the next several years.
Musk admitted that lithium, used in battery production, was responsible for the bulk of the cost increases to date and "a limiting factor" to electric vehicle growth.
He encouraged companies to get into the lithium business, which he said would generate high margins thanks to high prices.
"The lithium margins right now are practically software margins... Do you like minting money? Well, the lithium business is for you," he said.
Join our kataeb.org Whatsapp Group
CLICK HERE