56 h. ago Elon Musk to become world's first trillionaire as Tesla shareholders vote to pay him $1trillion

Tesla shareholders have voted to give Elon Musk a huge pay package of nearly $1trillion worth of stock over the next decade, making him the world's first trillionaire

Politics

57 h. ago Tesla shareholders to vote on $1tn pay package for CEO Elon Musk

If approved, the CEO will need to increase Tesla’s value eightfold, to $8.5tn in market capitalization, by 2035Tesla shareholders met on Thursday to vote on a compensation plan for CEO Elon Musk worth close to $1tn. If approved, the package will demonstrate shareholders’ confidence the billionaire can lead his car company into an era dominated by artificial intelligence and robotics. If denied, Tesla may face the loss of a leader who once made the company name synonymous with electric vehicles.If Musk delivers on the lofty milestones in the pay package laid out at Tesla’s 6 November annual meeting, he could become the world’s first trillionaire. To do so, he will need to guide Tesla to $8.5tn in market capitalization, eight times what it’s worth today. He will also be required to deploy millions of autonomous vehicles and humanoid robots and sustain the company’s bottom line in the hundreds of billions over the next decade. Continue reading...

Economics

2 d. ago How Tesla shareholders could make Elon Musk the world’s first trillionaire

Shareholder votes on a pay package worth $1tn to be tallied 6 November – but it contains milestones beyond growing the company’s market capIf Elon Musk can grow Tesla to over $8tn in value for stockholders over the next decade, he will be well on his way to becoming the world’s first trillionaire.That is if stockholders approve the company’s latest proposed compensation plan for the “Superstar CEO”, as a judge once called him, at this week’s annual shareholders meeting in Austin, Texas, set for Thursday afternoon. Continue reading...

Politics

3 d. ago Energy supplier collapses leaving nearly 24,000 customers affected

Regulator Ofgem has stepped in to protect supply for Tomato Energy’s 15,300 household and 8,400 business customers

Economics

3 d. ago UK energy firm Tomato Energy collapses with nearly 24,000 customers affected

Customers will be contacted by their new supplier, which will be allocated by Ofgem in the coming days

Economics

3 d. ago Energy provider goes bust leaving thousands of customers in limbo

Customers of Tomato Energy will be contacted by their new supplier, which will be allocated by Ofgem in the coming days.

Economics

3 d. ago Tomato Energy: Ofgem protections explained as energy firm goes into administration

Thousands face uncertainty after another UK energy supplier suddenly goes under ⚡

Politics

3 d. ago Tomato Energy collapses in move impacting nearly 24,000 customers

Regulator Ofgem said customers’ energy supply and funds paid into accounts will be secured under the supplier of last resort safety net.

Economics

3 d. ago Thousands of energy customers told 'take a meter reading' as UK firm collapses

Ofgem has issued details about the firm's collapse

Economics

3 d. ago BREAKING: UK gas and electricity firm Tomato Energy collapses as industry watchdog steps in

Tomato Energy was banned from taking on new customers this year after racking up £3million in debt - and was serving 15,300 households and 8,400 businesses when it collapsed

Science

3 d. ago UK energy firm collapses as Ofgem steps in to support customers

The firm had been under serious pressure following an inspection by Ofgem

Economics

3 d. ago UK gas and electricity firm collapses as industry watchdog forced to step in for customers

UK gas and electricity firm Tomato Energy has collapsed in a major worry for household and business customers as industry regular Ofgem steps in to provide support

Economics

9 d. ago Two million energy customers are due £240m from old accounts, says Ofgem

Regulator is urging anyone who has moved in recent years to check whether they are owed a refundAlmost 2 million energy bill payers could be owed a share of £240m from old accounts that were closed while still in credit, according to the regulator.The latest figures from Ofgem show that about 1.9m energy accounts were closed over the past five years, with outstanding credit balances totalling £240m left unclaimed. Continue reading...

Economics

1 week ago Thousands without power in Queensland as Victoria experiences ‘terrifying’ winds after year’s wettest day

Wires brought down across greater Brisbane and Werribee resident tells ABC Radio of partner ‘lifted and dropped’ by huge windFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAbout 26,000 households were without power in south-east Queensland on Monday morning after a severe thunderstorm passed over the state, with wind gusts topping 109km/h. Residents reported giant hailstones of up to 7cm in some areas.More than 1,300 energy customers in Victoria also woke without power, after Melbourne recorded its wettest day in a year and a half. Many of those outages were resolved by early Monday afternoon. Continue reading...

Politics

1 week ago Nearly 25,000 without power in Queensland and outages in Victoria after state’s wettest day in more than a year

Bureau of Meteorology says some Queensland regions hit by hailstones as large as 7cm as wires brought down across greater BrisbaneFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastNearly 25,000 households were without power in south-east Queensland on Monday morning after a severe thunderstorm passed over the state, with wind gusts topping 109km/h. Residents have reported giant hailstones of up to 7cm in some areas.Nearly 1,000 energy customers in Victoria also woke without power, after Melbourne recorded its wettest day in a year and a half. Continue reading...

Politics

1 week ago Around 26,000 without power in Queensland and outages in Victoria after state’s wettest day in more than a year

Bureau of Meteorology says some Queensland regions hit by hailstones as large as 7cm as wires brought down across greater BrisbaneFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAround 26,000 households were without power in south-east Queensland on Monday morning after a severe thunderstorm passed over the state, with wind gusts topping 109km/h. Residents have reported giant hailstones of up to 7cm in some areas.More than 1,300 energy customers in Victoria also woke without power, after Melbourne recorded its wettest day in a year and a half. Continue reading...

Politics

1 week ago About 26,000 without power in Queensland and outages in Victoria after state’s wettest day in more than a year

Bureau of Meteorology says some Queensland regions hit by hailstones as large as 7cm as wires brought down across greater BrisbaneFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAbout 26,000 households were without power in south-east Queensland on Monday morning after a severe thunderstorm passed over the state, with wind gusts topping 109km/h. Residents have reported giant hailstones of up to 7cm in some areas.More than 1,300 energy customers in Victoria also woke without power, after Melbourne recorded its wettest day in a year and a half. Continue reading...

Politics

2 w. ago Full list of energy suppliers offering free electric blankets and more this winter

Energy customers across the UK could access to a variety of freebies

Science

2 w. ago British Gas, EDF, Octopus, OVO offering free electric blankets and air fryers this winter

As the cost of living crisis continues to impact households across the UK, some of the nations largest energy suppliers are offering a range of support to customers this winter

Society

2 w. ago Major energy supplier is giving away FREE air fryers to thousands of customers

A MAJOR energy company is giving away free air fryers to some customers, as well as a whole host of other freebies. The giveaway is in a bid to help the most vulnerable customers save cash throughout the harsh winter months. EDF has confirmed it is relaunching its Winter Warmer Shop Scheme this year, with...

Economics