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Tesla taking orders for $A49,000 model

Tesla will only sell its electric cars online as it accelerates its cost cutting so it can realise its long-running goal of offering a mass-market sedan for $35,000 ($A49,000). The change announced on Thursday will allow the Silicon Valley car maker to begin selling its Model 3 for $US35,000 – …

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Home construction drags on manufacturing

Manufacturing picked up slightly in February following an unseasonably slow summer but property price falls and high energy costs are keeping businesses concerned, an industry survey suggests. The Australian Industry Group’s Performance of Manufacturing Index released on Friday indicates there was expansion in the food and beverages sub-sector last month …

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US, North Korea finger point over talks

In open dispute, the US and North Korea have offered contradictory accounts of why the summit between Donald Trump and Kim Jong Un broke down. Both point to punishing American sanctions as a sticking point in the high-stakes nuclear negotiation. President Trump on his way back to Washington on Thursday …

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Gap to split into two listed companies

Gap is splitting into two independent listed companies, low-priced Old Navy and a yet-to-be named company comprised of the iconic Gap brand, Athleta, Banana Republic, Intermix and Hill City. The San Francisco-based company says the spin off will enable each company to focus on flexibility and pare down costs. The …

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Eatery takes plunge | The West Australian

Olympic swimming star turned restaurateur Eamon Sullivan is taking the plunge into the suburban shopping centre, opening an outpost of his popular East Fremantle cafe May Street Larder at The Mezz in Mt Hawthorn. The family-oriented venue, due to open on March 15, will include an indoor cubby house and …

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