Source: Sky News
Marking the 80th anniversary of the Lebanese Army, Commander General Rodolphe Haykal issued a stirring address to troops on Wednesday, hailing eight decades of sacrifice while urging vigilance amid regional volatility and Israeli aggression.
Wednesday, July 30, 2025
Lebanon's military tribunal has sentenced six people over the 2022 killing of an Irish peacekeeper in southern Lebanon, two judicial sources told Reuters on Tuesday, and a Lebanese security source said all six were members of Hezbollah.
Tuesday, July 29, 2025
Lebanon’s recent response to a US proposal aimed at improving the security and well-being of both Lebanese and Israeli citizens has raised cautious optimism in diplomatic circles. Contrary to expectations, meetings between US envoy Ambassador Tom Barrack and Lebanese leaders—including President Joseph Aoun, Prime Minister Nawaf Salam, and Speaker Nabih Berri—were described as constructive and marked by pragmatism as opposed to rigid red lines.
Monday, July 21, 2025
Lebanon risks missing its moment. That was the verdict delivered by US Ambassador Tom Barrack during his trip to Beirut last week. “If you don’t want change, it’s no problem,” he said. “The rest of the region is moving at Mach speed and you will be left behind.”
Monday, July 14, 2025
Manchester City boss Pep Guardiola says the club expects to learn the outcome of the hearing into its 115 charges of alleged Premier League financial rule breaches "in one month".
Saturday, February 8, 2025
Former Brazil and Real Madrid defender Marcelo has announced his retirement from football, bringing the curtain down on a trophy-laden career that included five UEFA Champions League triumphs.
Friday, February 7, 2025
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.
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