Reuters

By Joseph White, Akash Sriram and Nora Eckert

DETROIT (Reuters) - Elon Musk's abrupt decision to lay off employees who ran Tesla's electric vehicle charging business blindsided automakers gearing up to equip new EVs for customers to use the Tesla Supercharger network, industry officials and analysts said on Tuesday.

For now, General Motors, Ford and other automakers which struck deals last year to give customers access to the network said... (continue reading...)

(Reuters) - Chipmaker Advanced Micro Devices beat first-quarter revenue estimates by a small margin on Tuesday as tepid demand for chips used in traditional data centers added to weakness in the market for gaming chips.

The company reported revenue of $5.47 billion compared to analysts' average estimate of $5.46 billion, according to LSEG data.

(Reporting by Arsheeya Bajwa in Bengaluru; Editing by Pooja Desai)

JOHANNESBURG (Reuters) - The International Monetary Fund (IMF) said on Tuesday it had reached a staff-level agreement with Mali for about $120 million in emergency financing, as the West African country is struggling with rising food insecurity.

Import costs for essential goods such as food and fertilizers in Mali have risen due to a regional funding squeeze and recent geopolitical shocks, the IMF said in a statement.

Upon approval by IMF... (continue reading...)

(Reuters) - Clorox Co raised its annual profit forecast on Tuesday after beating quarterly earnings expectations, banking on effects of price hikes taken to offset escalating costs.

Consumer good companies, including Clorox, have been increasing product prices steadily over the last few years to protect profits from costs tied to manufacturing and logistics.

Peers Colgate-Palmolive and Kimberly-Clark have also raised their respective... (continue reading...)

(Reuters) - Cadbury parent Mondelez International beat market expectations for first-quarter sales and profit on Tuesday, helped by steady demand for its pricey products including chocolates and salty crackers, despite rising inflationary costs.

The company posted net sales of $9.29 billion for the first quarter, compared with analysts' average estimate of $9.16 billion, according to LSEG data.

(Reporting by Anuja Bharat... (continue reading...)