Comment on U.S. recession to bottom out this year: OECD

Saudi finance minister Mohammed Al-Jadaan. WEFSaudi Arabia's Neom project secured a $2.7 billion credit line from local lenders. The Saudi finance minister said the kingdom was "very pleased" with progress on Vision 203 goals. He said "challenges" meant adjustments would be made to some aspects as required. Saudi Arabia is trying to counter reports that its Neom project is struggling.

Elon Musk visited China in 2019, and, more recently, on a two-day trip. REUTERS/Aly SongElon Musk just made a quick trip to China, where he met with senior officials and struck a deal. The Beijing visit comes as trade tensions have ratcheted up between China and the US, including over EVs.

"We need to be absolutely hard core about headcount and cost reduction," Elon Musk said in an email to Tesla's senior executives on Monday, per The Information. Beata Zawrzel/NurPhoto via Getty ImagesThe layoffs at Tesla aren't over yet, says Tesla CEO Elon Musk. On Monday, he announced the departure of two senior executives and the axing of their divisions.

Exiting Paramount CEO Bob Bakish, Paramount Global major shareholder Shari Redstone, Mission Impossible star Tom Cruise, and Nickelodeon boss Brian Robbins. Jason Mendez via Getty ImagesParamount held a nearly 9-minute-long earnings call on Monday. No questions were taken and the call ended with the Mission: Impossible theme being played on loop.

Anne Hathaway says she is over five years sober. Cindy Ord/Getty ImageAnne Hathaway is celebrating over five years of sobriety."That feels like a milestone to me," the actor told The New York Times. In 2019, Hathaway said she wanted to quit alcohol "for 18 years" until her son is grown up.