Yahoo News Elon Musk Testifies in Trial Over Tweets About Taking Tesla Private
On January 23, Tesla CEO Elon Musk took the witness stand in a trial to determine whether he intentionally mislead investors with an August 2018 tweet.
On January 23, Tesla CEO Elon Musk took the witness stand in a trial to determine whether he intentionally mislead investors with an August 2018 tweet.
Change doesn't have to be bad.
Airbus and Qatar Airways have settled a dispute over grounded A350 jets, the companies said on Wednesday, averting a potentially damaging UK court trial after a blistering 18-month feud that tore the lid off the global jet market. The "amicable and mutually agreeable settlement" ends a $2 billion row over surface damage on the long-haul jets. The spat led to the withdrawal of billions of dollars' worth of jet deals by Airbus and prompted Qatar to increase purchases from Boeing.
Donald Trump's new lawyer in the case, Joe Tacopina, has experience representing the Washington Commanders as well as rappers like Meek Mill.
A grinding crackdown that wiped billions of dollars of value off Chinese technology companies is easing, but the once-freewheeling industry is bracing for much slower growth ahead. Analysts say China’s easing of restrictions on companies like e-commerce giant Alibaba and online games company Tencent and talk of support for the private sector reflects Beijing’s decision to refocus on growth after the economy was ravaged by the pandemic and restrictions imposed to fight COVID-19. In January, a top official at China’s central bank said in an interview with state-owned media that the crackdown on technology companies was “basically” over, adding that companies would be encouraged to lead economic growth and create more jobs.
Energy companies have hoarded £9 billion of customers’ money this winter - more than four times the sum previously calculated, the Telegraph can disclose.
Depending on where they live, owners of certain Hyundai and Kia models may have a hard time insuring their vehicles due to the cars' high incidence of theft. State Farm and Progressive are refusing to insure vehicles in certain states over the rising rate of theft, caused primarily by the absence of technology known as an engine immobilizer - a redundancy system that pairs a vehicle's key fob to the car's internal computer. Certain Hyundai and Kia models manufactured before the 2022 model year didn't come with immobilizers.
Europe was entering an "inevitable" post-pandemic period of airline consolidation as legacy flag-carriers struggle to navigate through a competitive landscape, the chief executive of low-cost carrier Ryanair said on Wednesday. "We are definitely, post-COVID, entering a four or five-year period of consolidation," Ryanair's Michael O'Leary told Reuters on the sidelines of a news briefing in Portugal's capital Lisbon. Many of Europe's legacy airlines are finding it tough to effectively compete with budget carriers, hampered by weak balance sheets that could be made more robust by merging with rivals, analysts have said.
Bulgaria began construction on Wednesday of a long-delayed natural gas link with neighbouring Serbia that will allow flows of non-Russian gas to Belgrade and boost the security of supplies in southeastern Europe. After Russia cut gas supplies to Europe in the wake of the war in Ukraine, European countries have been looking for alternative suppliers and have been pursuing energy cooperation more actively. The 170-kilometre (106 mile) gas pipeline, which will run from the Bulgarian town of Novi Iskar to Nis in Serbia, is expected to be operational by the end of the year, Bulgarian Energy Minister Rossen Hristov said.
Despite easing sanctions and some additional funds flowing into Venezuela’s oil industry, the country is struggling to get it’s production to where it needs to be
The European Union's ban on imports of Russian refined oil products, including diesel and jet fuel, will disrupt global flows once it takes effect on Sunday and could hurt Moscow more than an embargo on crude oil. Although Western sanctions could force Russia to cut crude production and refining runs, which would further tighten global supplies, some analysts said the ban on products may ultimately have little impact on overall availability. "Barrels will get out and find a market, logistical challenge but not a supply challenge," senior research associate Ian Moore at global brokerage firm Bernstein.
The European Union should extend a target to cut gas demand in response to lost supply from Russia by at least six months to October this year to ensure there is enough for next winter, think tank Bruegel said on Thursday. EU countries agreed last year to reduce natural gas demand by 15% between Aug. 1, 2022 and March 31, 2023, compared with the average of the same period in the previous five years. This demand-reduction target should be extended, Bruegel, which provides analysis to policymakers in the EU, said.
Rishi Sunak ‘comfortable’ with Dominic Raab keeping job despite bullying allegations during piers morgan interview
The US economy still faces more punishing rate rises even as inflation slows rapidly, the head of the Federal Reserve has warned.
The accounting profession has long suffered from image issues. Colleges and major firms hope some changes will attract a new demographic.
Yahoo Finance automotive reporter Pras Subramanian explains Rivian's recent round of layoffs amid pressures to ramp up its EV production targets.
The energy giant confirmed profits worth £68.1 billion for 2022.
(Bloomberg) -- US prosecutors in the Justice Department’s fraud unit are looking into Silvergate Capital Corp.’s dealings with fallen crypto giants FTX and Alameda Research, according to people familiar with the matter.Most Read from BloombergMerck Covid Drug Linked to New Virus Mutations, Study SaysAdani Crisis Deepens as Stock Rout Hits $108 BillionHong Kong to Give Away 500,000 Air Tickets to Revive TourismAdani’s $58 Billion Wealth Wipeout in Six Days Has Few ParallelsAdani’s $108 Billion Cr
The boss of British Gas's owner, Centrica, said "there is no excuse" after an investigation found the company sent debt collectors who broke into vulnerable customers' homes to install prepayment meters. A Times investigation showed a company used by British Gas to pursue debts, Arvato Financial Solutions, forcing their way into homes to fit the devices, despite signs children and disabled people were living there. Chris O'Shea also said that customers do not deserve to be treated in such a way, and that he would not "justify it" - adding that he is launching an independent investigation.
Germany's Economy Minister Robert Habeck and French Finance Minister Bruno Le Maire will head to Washington next week to press concerns about U.S. climate subsidies and urge a favourable treatment of European businesses. While European leaders welcome the new impetus towards green energy transition given by the Biden administration's so-called Inflation Reduction Act, they also fear that the $369 billion of subsidies largely targeting North America-based manufacturers could lure companies away from Europe. Some in Europe argue the subsidies breach World Trade Organization rules, but there is no appetite for a trade war with the United States and a recognition that Europe's best hope lies in influencing how the scheme is applied in practice.
The oil major has posted the biggest profits in its history, nearly $40bn for 2022, but will only pay $134m in taxes