What is it? The number of points in the joint statement issued by the US and North Korea after the first meeting between Donald Trump and Kim Jong-un in Singapore on Tuesday.
Why is it important? The points cover retooling the relationship between the two nations and working towards peace, including in the Korean peninsula, where the goal is complete denuclearisation. While a meeting between the two leaders is a step forward, the lack of operational detailing means the jury is still out. Later, North Korea’s state news agency reported that Kim had accepted Trump’s offer of visiting the US.
Tell me more: The US and North Korea are among the nine countries in the world with nuclear weapons.
What is it? The percentage of Tesla’s workforce likely to lose their jobs in a restructuring announced by the company on Tuesday.
Why is it important? In spite of its CEO Elon Musk waiving off critics in recent months, Tesla is under pressure to achieve mass production of the Model 3, its first mass-market vehicle, and turn profitable. Tesla is yet to reach Musk’s goal of producing 5,000 cars a week, originally promised for end-2017. And these job cuts in Tesla’s 40,000-strong workforce appear to be a reaction to that. The Tesla stock gained 3.4% yesterday.
Tell me more:In the first quarter of 2018, Tesla posted a net loss of $784 million on revenues of $2.73 billion.
What is it? The rate at which India’s industrial production, as represented by the Index of Industrial Production (IIP), grew in April 2018 compared to April 2017.
Why is it important? This is marginally higher than the 4.4% growth recorded in March 2018, which followed four consecutive months of 7%-plus growth. In other data released by the government yesterday, retail inflation, as represented by the Consumer Price Index (CPI), increased to 4.87% for April 2018—its fastest rate in the last four months. These numbers could force the central bank to increase interest rates further.
Tell me more:In April 2018, mining grew 5.1% on a year-on-year basis, manufacturing 5.2% and electricity 2.1%.
What is it? The number of managers, among the last five, who have completed three seasons at Real Madrid.
Why is it important?On Tuesday, Read Madrid announced the signing of Julen Lopetegui, current head coach of the Spain national side, as their new manager on a three-year deal. Being the manager of Real Madrid is one of the most prestigious, and unforgiving, jobs in all of football. Among the last five, only Jose Mourinho completed three seasons.
Tell me more:The shortest tenures in this setof five were of Rafael Benitez (half a season) and Manuel Pellegrini (1 season).
What is it? The number of months the AT&T-Time Warner deal has been pending for want of regulatory clearances.
Why is it important? On Tuesday, it cleared its last hurdle, with a US court ruling that AT&T can proceed with its blockbuster $80 billion acquisition of Time Warner without any conditions. It marked a major defeat for US government regulators and set the stage for similar deals that could alter the media landscape.
Tell me more:The US government had opposed the deal, arguing that it would reduce competition in pay TV and lead to higher prices for consumers.