Electric carmaker Tesla has said it will cut its workforce by 7% after the "most challenging" year in its history. But in an email to staff, founder Elon Musk said that growth had been strong. We hear from Caroline O'Donovan, Tesla reporter for the Buzzfeed. Plus Scott Nations runs us through the days trading on Wall Street.
Germany 'Considers Ban on Huawei' Amid Backlash
Germany considers a block on Huawei as a mobile network technology supplier. Emily Taylor is a cybersecurity expert from the Chatham House think tank in London, and explains why a ban on Huawei's 5G mobile technology is being considered. Also in the programme, Europe's Ryanair airline has just issued a profit warning. Sally Gethin of the Gethin's Inflight News blog tells us why the company faces difficulties. We have a report from Michigan on the health of the US economy. We take a look at the companies getting on board with Veganuary, where people try veganism for a month, to boost sales. Plus we look back at the rest of the week's big business stories with independent business commentator Patricia O'Connell in New York, and Max Colchester of the Wall Street Journal in London.
Update: Netflix Subscribers Rise to Nearly 140m
Netflix finished the year with more than 139 million paid subscribers, almost tripling its membership base in just five years. But the latest results haven't played well on Wall Street as we hear from Jonathan Swartz, senior writer at Barrons financial investment in New York. Plus Oxford University has suspended new donations and sponsorships from Chinese telecoms giant Huawei. The firm is facing accusations from the US and other countries that its equipment could be used for espionage. We hear from Kieran Stacey, Washington correspondent for the Financial Times about new US actions planned against the firm.
Hitachi to Halt Work on Wales Nuclear Plant
Japan's Hitachi is to halt work on a nuclear plant in Wales amid rising cost concerns. Tom Burke is chairman of the environmental research group E3G, and a former UK government advisor on energy policy, and tells us why the company is pulling out. Also in the programme, ahead of movie streaming service Netflix's latest financial results, Tom Harrington at the media research firm Enders tells us what's likely to emerge. Almost four weeks into the partial US government shutdown, our regular economic commentator Diane Brady discusses the growing economic impact. We have a report from China looking at how the government is managing an economic slowdown. Plus we meet the founders of Japanese firm Exit, which provides resignation letters and phone calls for people too afraid to resign in person.
(Picture: Artist's impression of the Wylfa Newydd nuclear plant. Picture credit: Horizon Nuclear.)
May Government Survives Confidence Vote
After a defeat over its Brexit deal, the UK government has won a confidence vote 325 to 30. Also in the programme, YouTube bans uploads of dangerous pranks and challenges. Julia Alexander of The Verge tells us why. And Joe Saluzzi of Themis Trading in New Jersey on the day's trading on Wall Street,