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Business - Page 196

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
Business/International/Latest News

Elon Musk reveals why Donald Trump hasn’t returned to Twitter

If former President Donald Trump returns to Twitter, Elon Musk said he thinks the Biden administration may try to “weaponise” federal agencies against it. According to NBC News, Trump is pleading with

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by Robert Fowler
January 23, 2023January 23, 2023
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Business/International/Latest News/UK

Tony Blair told to ‘disappear quietly’ amid WEF links

As rumours about Tony Blair replacing Klaus Schwab as the head of the World Economic Forum (WEF) grow, MPs and commentators are outraged. As more people voiced their displeasure with Mr. Schwab’s

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by Robert Fowler
January 21, 2023January 21, 2023
Business/International/Latest News

Twitter witnessing drop in revenue under Elon Musk ahead of huge interest payment

According to IT magazines Platformer and The Information, Twitter’s daily advertising revenue on January 17 was 40% lower than it was at the same time last year. As Elon Musk implements his

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by Robert Fowler
January 20, 2023January 20, 2023
Business/International/Latest News

Elon Musk changes Tesla’s pricing strategy in controversial move

In an effort to increase customer demand, Tesla has slashed the price of some of its most well-liked electric vehicles by thousands of pounds in both Europe and the US. In the

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by Robert Fowler
January 16, 2023January 16, 2023
Business/International/Latest News

Over $5 billion in assets have been recovered from FTX

A counsel for the company claims that the defunct cryptocurrency exchange FTX has recovered more than $5 billion (£4.1 billion) in assets. The magnitude of consumer damages is yet unknown, a US bankruptcy

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by Robert Fowler
January 15, 2023January 15, 2023
Business/International/Latest News

China denies South Korea and Japan visas due to COVID limitations

Japan and South Korea no longer receive short-term visas from China in response to the Covid travel restrictions on Chinese citizens. Despite not being the only nations imposing entry conditions on visitors from

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by Robert Fowler
January 15, 2023January 15, 2023
Business/International/Latest News

Jack Ma will cede control of Ant Group leaving no one with ‘overall control’

After a regulatory crackdown, Ant Group’s billionaire founder Jack Ma will relinquish control of the Chinese fintech behemoth. Since criticising China’s financial sector in 2020, the formerly flamboyant Mr. Ma has been

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by Robert Fowler
January 15, 2023January 15, 2023
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