News Headlines - 12 June 2018

▽Full text of the Trump-Kim summit agreement

President Donald Trump and North Korean leader Kim Jong Un signed an agreement at the conclusion of Tuesday's historic summit. Here's what it says, according to a photo of Trump's signed document:

▽Tesla Cutting About 9% of Global Workforce - WSJ

Tesla Inc. on Tuesday said it will cut about 9% of its workforce in an effort to deliver its first profit during a make-or-break period of building a mass-market electric car.
The layoffs of about 3,500 employees come as Chief Executive Elon Musk reorganizes Tesla's management structure to make it flatter, and as the company tries to ramp up production of the all-electric Model 3 compact sedan.

▽Daimler Gets Slapped With Recall, But Avoids Risk of Fines - Bloomberg

With a government order to recall 774,000 vehicles in Europe, Daimler AG stands accused of having used illegal defeat device in its engines, while escaping the crushing cost of fines.
The move follows consultations with the German government in Berlin on June 11, which Daimler Chief Executive Officer Dieter Zetsche called “constructive.” Transport Minister Andreas Scheuer for his part didn’t mince his words by ordering “an immediate formal recall because of prohibited shutoff devices.”

▽The death of the art gallery? Japan's new digital museum may offer a glimpse of the future

Mori Building Digital Art Museum: teamLab Borderless, which opens June 21, fortunately has a concept which is a bit catchier than its name: the world’s first digital museum of its scope and scale, it's a new generation showcase of immersive, interactive digital art created by teamLab, a fast-growing Tokyo collective of so-called “ultra technologists”.

▽Real Madrid announce Julen Lopetegui as new coach | MARCA in English

Real Madrid have made the surprise announcement on Tuesday afternoon of Julen Lopetegui's appointment as their next coach.With Spain currently preparing for their World Cup opener with Portugal on Friday, it had been expected that the 51-year-old would sign a new contract to lead La Roja into the subsequent European Championship.