Showing 1 - 10 of 335
Jury finds Musk misled Twitter shareholders
Published on 21/03/2026
» SAN FRANCISCO - A US federal jury has found Elon Musk liable for claims he defrauded Twitter shareholders by trying to drive down the social media company’s stock price so he could renegotiate or back out of a $44-billion takeover in 2022.
When GDP no longer needs people
Business, KCS Group, Published on 17/03/2026
» In traditional industrial models, rising gross domestic product used to go hand in hand with job creation. More production meant more workers and higher wages followed by increased consumption. But in the emerging post-labour economy, this link is breaking. Nations can now increase output not by employing more people, but by implementing more code.
Musk merges his AI business into SpaceX
AFP, Published on 03/02/2026
» SAN FRANCISCO - Elon Musk has announced that his rocket company SpaceX will take over his artificial intelligence outfit xAI, as he seeks to raise billions of dollars for his science fiction-worthy outer space projects.
Tesla profits tumble on lower EV sales, AI spending surge
AFP, Published on 29/01/2026
» NEW YORK - Tesla reported a 61-percent drop in fourth-quarter profits on Wednesday due to lower auto sales and increased expenses as CEO Elon Musk ramps up technology investments.
Surging billionaire wealth a political threat, Oxfam warns as Davos opens
AFP, Published on 19/01/2026
» DAVOS, Switzerland- The collective wealth of the planet's billionaires soared to a record level in 2025, charity Oxfam reported on Monday, warning of "highly dangerous" political consequences as the global elite gathers for the World Economic Forum.
Musk seeks up to $134 billion in OpenAI lawsuit
Published on 17/01/2026
» Elon Musk is seeking up to $134 billion from OpenAI and Microsoft, arguing he deserves the “wrongful gains” that they received from his early support of the artificial-intelligence startup, according to a court filing.
Cooling US inflation boosts risk appetite
Business, Nuntawun Polkuamdee and Nareerat Wiriyapong, Published on 20/12/2025
» RECAP: Asian stocks tracked gains on Wall Street as cooling US inflation backed the case for more Federal Reserve interest-rate cuts and worries about tech valuations eased.
SpaceX sets $800 billion valuation, confirms 2026 IPO plans
Bloomberg News, Published on 13/12/2025
» NEW YORK — SpaceX has authorised an insider share sale that values Elon Musk’s rocket and satellite maker at about US$800 billion, according to a company message seen by Bloomberg on Friday.
EU fines X $140m, risking US pushback
AFP, Published on 05/12/2025
» BRUSSELS - The European Union has fined X, the social media platform owned by billionaire Elon MUsk, 120 million euros ($140 million) for breaking its digital rules, in a move that risks a clash with the administration of US President Donald Trump.
Tesla shareholders voting on Musk’s $1-trillion pay package
AFP, Published on 06/11/2025
» NEW YORK - Tesla shareholders will determine on Thursday the fate of a massive pay package meant to retain Elon Musk long enough to achieve technological breakthroughs he vows will change the world.