We start in the us, where shares of meta, hello. If you are justjoining us, you are in time with the top business stories. We start in the us, where shares of meta, the owner of facebook, instagram and whatsapp plunged in after hours trading after its forecasts disappointed wall street. Investors are concerned the huge amount meta is spending on Artificial Intelligence may not translate into higher profits. Lets show you the details. When it comes to how much money meta is making, profits came in at 12 point 4 billion in the first three months of the year. Thats more than double the amount it made this time last year, and better than expected. But heres one of the numbers worrying investors, meta expects its costs to rise to almost 100 billion this year, as it invests heavily in al and virtual reality. Coupled with a forecast that revenues will barely grow in the Current Quarter that sent shares plunging some 13 in after hours trading. Wiping as much as 160 billion off its stock market
Critical safety issues. She claims they pretended that they didnt know. And you decided to go right to the top. You went to elon musk himself . I tried to. And what exactly was the safety concern . They realised that they make a Design Engineering mistake on the carpets. You know, the carpets that you have under the adults and in the front of the car. So what happened is those carpets, they were curling under the brake and under the acceleration. Cristina further claims that shed heard there were complaints made about this issue. So she believes tesla was aware of it. She claims that when she shared her worries, teslas management turned hostile. She lost herjob, sued the firm and won. But then tesla did something unexpected. They dare to accuse me of serious crimes like embezzlement. Theyjust purely invented those with one scope in mind, to give a lesson to everybody who dared to speak up. Tesla said in a Public Statement that cristina had used Company Resources for a secret project. S
Until 2014, Cristina Balan was a rising star within the electric car firm in the us. She spoke to our Technology Editor zoe kleinman. I was the only woman in the team, like engineering. And in the beginning, it was great. In the early days, Cristina Balan was doing so well at tesla, her initials were engraved on the cars batteries, but she says it wasnt long before things took a turn for the worse. Everything went south when i realised that they were hiding some critical safety issues. She claims they pretended that they didnt know. And you decided to go right to the top. You went to elon musk himself . I tried to. And what exactly was the safety concern . They realised that they make a Design Engineering mistake on the carpets. You know, the carpets that you have under the adults and in the front of the car. So what happened is those carpets, they were curling under the brake and under the acceleration. Cristina further claims that shed heard there were complaints made about this issu
the california fire that s about to burn a hole in millions of wallets. this was the scene monday at chevron s richmond, california oil refinery. a huge toxic blaze partially shutting down production at one of the region s biggest gas suppliers. not a good time for that to happen, it s expected to send the pump prices skyrocketing on the west coast and beyond. ed levandera is live in dallas, texas. it s not just about gas prices, it s about people and health concerns in that area, as well, right? reporter: there s no question, people there who have been up close with the refinery fire that started on monday, and is still not quite back up to full production. have been dealing with the effects of that. but if you re like me, you ve noticed over the last few weeks already, as you pull into the gas station, hey, something is not quite right. but that s because the national average of gasoline prices has risen to $3.63 a gallon, up almost 30 cents in the last five weeks. so qui
more than 240 lives. the heavy rains that began falling in august have stopped for now but aid agencies in pakistan s government are struggling to help the victims. those are the top stories from cnn, the world s news leader. world business today starts right now. hello and a warm welcome. i m nina dos santos at cnn london. these are the top stories on friday, september 16th. finance ministers arrive for a high-level powwow in poland as they try to bring europe s debt crisis to a close. ubs, it reels from a fallout of a $2 billion loss. the swiss bank is facing a major overhaul. and a memo leaked to cnn warns of more job losses to come at rbs on top of 27,500 axed. the euro zone finance ministers meet in poland today. the hope is they ll show the same degree of unity and coordination that many of the world s key central bankers did on thursday in confronting europe s debt crisis. the central banks of britain, japan and switzerland move to pump dollars into europe s