The 9% tariff is much less than the up to 36.3% others face after investigation into Beijing’s ‘unfair’ subsidies of EVs * Business live – latest updates Tesla will face a 9% levy on its Chinese-made cars exported to the EU, the European Commission has said, as it issued an update on its sweeping investigation into Beijing’s “unfair” subsidies of electric vehicles. The tariff on Tesla – far lower than the 21.3% average on companies that cooperated with the EU investigation and 36.3% on those that did not – came after the California-headquartered firm requested individual treatment as part of the wider Brussels inquiry. Continue reading...

Billionaire says Optimus will start performing tasks for carmaker in 2025 and could be ready for sale in 2026 * Business live – latest updates The Tesla chief executive, Elon Musk, has claimed the company will produce “genuinely useful” humanoid robots to start working in its factories next year. The world’s richest person, who has a penchant for making overambitious claims on social media, posted on his platform X, formerly Twitter, that he also hoped to expand into “high production” mode to make robots with a humanlike form available sell to other companies in 2026. Continue reading...

Vacuum cleaner maker will axe about 1,000 jobs as part of global cost-cutting drive * Business live – latest updates The vacuum cleaner and air-filter maker Dyson is cutting about 1,000 jobs in the UK as part of a global restructure, reducing its British workforce by more than a quarter. Staff were told on Tuesday morning about the cuts as part of moves to reduce the business’s 15,000-strong workforce around the world amid a wider cost-cutting drive. Continue reading...