Canada

Tesla will lay off 300 transient employees at its German plant, according to Business Insider

Tesla is contemplating laying off 300 transient employees at its German factory near Berlin as part of a global downsizing plan, Business Insider reported Wednesday, citing other people familiar with the matter. The cuts are expected to begin on Monday, according to the report. Tesla, which employs a total of about 12,500 people at its Gruenheide factory, was quick to receive feedback.

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Morning Eve IDB AMERICAS-CPI, Canada Decides, China Credit Warning

Wall St stocks held up remarkably well in the face of last week’s renewed interest rate angst, but Wednesday’s March inflation figures may also be decisive from there. New Zealand’s central bank kept its key interest rate on Wednesday as expected but warned that it may need to remain restrictive for an extended period to bring inflation back to its 1-3% target range and that markets do not expect easing until August.

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