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Business - Page 153

Business/International/Latest News

Elon Musk makes admission about running Twitter, Tesla, and SpaceX amid health concern

Elon Musk has acknowledged that the superhuman regimen of managing not one, not two, but three large firms at once is beginning to take a toll on his 51-year-old body. It all

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by Robert Fowler
February 8, 2023February 8, 2023
Business/International/Latest News

Italy issues a warning over a significant cyberattack

The National Cybersecurity Agency (ACN) of Italy announced on Sunday that a ransomware hacking attack had targeted thousands of computer servers throughout the globe and advised organisations to take precautions to safeguard

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by Robert Fowler
February 8, 2023February 8, 2023
Business/International/Latest News

Elon Musk cleared of wrongdoing over Tesla private deal

Elon Musk, the CEO of Tesla Inc. (TSLA.O), and his business were found not at fault by a U.S. jury on Friday for deceiving investors when Musk tweeted in 2018 that he

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by Robert Fowler
February 7, 2023February 7, 2023
Business/Latest News/UK

Liz Truss makes excuses for her failure as UK prime minister

Liz Truss, the former prime minister, claimed she was never given a “realistic chance” to carry out her extreme tax-cutting programme and attributed her ouster from Downing Street to a “powerful economic

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by Robert Fowler
February 7, 2023February 7, 2023
Business/Latest News/UK

Labour Party demands windfall tax as Shell profits from Putin’s war

Shell made the most money it has ever made in its 115-year history thanks to the surge in oil prices brought on by Russia’s invasion of Ukraine. Profits rose by 53% to

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by Robert Fowler
February 6, 2023February 6, 2023
Business/Latest News/Sport/UK

Leicester’s chairman pays off £194 million debt

To allay worries about the club’s finances, Leicester City chairman Aiyawatt Srivaddhanaprabha has eliminated the club’s £194 million debt to its parent company King Power. A debt-to-equity conversion by the Thai entrepreneur

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by Robert Fowler
February 3, 2023February 3, 2023
Business/International/Latest News

Elon Musk comments on Tesla Cybertruck release and production schedule

Elon Musk announced that full-scale production of Tesla’s eagerly awaited Cybertruck won’t begin until 2024. Musk was questioned about if the upcoming car would be produced by the mid-2023 deadline that was established

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by Robert Fowler
February 2, 2023February 2, 2023
Business/International/Latest News/UK

Twitter sued in San Francisco and London as Elon Musk adopts extreme approach

Elon Musk, the new owner of Twitter, has reportedly adopted extreme cost-cutting measures, including simply not paying the bills.  As a result, landlords in San Francisco and London have filed lawsuits against

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by Robert Fowler
January 29, 2023January 29, 2023
Business/International/Latest News

Elon Musk reacts to allegations of misleading investors over Tesla deal

Elon Musk testified in federal court that Saudi Arabia’s national wealth fund had “unequivocally wanted to take Tesla private,” but claimed on Monday that he had neither misrepresented or misspoken about his

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by Robert Fowler
January 29, 2023January 29, 2023
Business/International/Latest News

Australian government bans sale of alcohol in Alice Springs

In the Australian town of Alice Springs, where alcohol-related damages, violent crime, and discontent have reached alarming proportions, there will be immediate limitations on alcohol sales and more than $50 million in

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by Robert Fowler
January 28, 2023January 28, 2023
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