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 Fashion retailer selling 500 brands collapses into 'heartbreaking' administration

SilkFred, which connects independent brands and designers with consumers, has collapsed into administration, with the company telling customers they are "heartbroken" by the move

Politics

3 d. ago Fired Earth: administration forces luxury homeware chain to close all UK tiles showrooms

Customers are urged to check orders as the company winds down its operations 🏠

Events

8 d. ago Amazon shares surge as AI boom fuels cloud growth; Nvidia boss says selling chips in China is Trump’s call – as it happened

Rolling coverage of the latest economic and financial newsSouthern Water has ended its three month hosepipe ban that covered most of Hampshire and the Isle of Wight.The water company, which told its customers that the River Test and River Itchen were at “critically low levels” in July, said it was able to lift the ban after wet weather in September and October.We’re incredibly grateful to our customers for their support and understanding during this challenging time.By working together, we’ve not only saved millions of litres of water each day, but also helped protect our precious chalk streams. Continue reading...

Politics

8 d. ago Amazon shares surge as AI boom fuels cloud growth; Nvidia boss says selling chips in China is Trump’s call – business live

Rolling coverage of the latest economic and financial newsSouthern Water has ended its three month hosepipe ban that covered most of Hampshire and the Isle of Wight.The water company, which told its customers that the River Test and River Itchen were at “critically low levels” in July, said it was able to lift the ban after wet weather in September and October.We’re incredibly grateful to our customers for their support and understanding during this challenging time.By working together, we’ve not only saved millions of litres of water each day, but also helped protect our precious chalk streams. Continue reading...

Politics

8 d. ago Nexperia halts chip supplies to China in threat to global car production

Dutch-controlled company informs customers about suspension but is said to want to de-escalate trade warNexperia, the EU-based automotive chipmaker at the centre of a geopolitical dispute, has suspended supplies to its Chinese factory, stepping up a trade war that threatens to halt production at carmakers around the world.The company wrote to customers this week informing them all supplies to a Chinese plant had been suspended. Continue reading...

Events

9 d. ago Scots arrears could be wiped as major new scheme plans to clear £500m of energy debt – are you eligible?

Up to £500 million of household energy bill debt is set to be written off as part of a new relief scheme, the energy regulator has announced. Watchdog Ofgem said it is planning to "reset and reform" the UK's growing pile of energy debt, which has added pressure to all household bills. Currently £52 is...

Economics

1 week ago Apple becomes third Big Tech company to top $4 trillion in market value after luring customers back with latest iPhones

The achievement comes despite the company swallowing high costs from US tariffs

Economics

1 week ago Warm Home Discount: what is it, as 100,000 homes in Scotland to get £150 energy scheme payment – eligibility

Scots on certain benefits could see extra help with winter bills 💡

Economics

1 week ago Eligible households to receive confirmation of £150 energy bills discount

Letters are being sent to households from Tuesday after Prime Minister Sir Keir Starmer expanded the Warm Home Discount.

Economics

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

2 w. ago Cyclists told to stop riding two bikes over 'disintegration' fears

The sports equipment company issued a customer recall about the wheels

Politics

2 w. ago Major energy company urging customers to buy 87p item that slashes bills by up to £136 a year

Making the swap and buying the item in bulk could help save you money off your bills in the long-term

Economics

2 w. ago AWS outage: All the services affected as Amazon Web Services disruption sparks global chaos

The cloud computing platform that powers millions of websites and apps, is experiencing a major outage affecting a wide range of services, including online banking, social media, gaming, and smart home devices

Events

2 w. ago 'I tried the new Amazon Alexa and my daughter was horrified'

Amazon's new Alexa Plus has a number of new and improved features including smart home upgrades and a more natural, interactive chat experience but one change was just too much for the child of an expert

Politics

3 w. ago Ford recalls 625,000 vehicles over two issues that can lead to crashes and injuries

The company issued the recalls after a series of customer complaints

Events

3 w. ago Package worth £56 million including smart sockets supplied to eligible OVO energy customers

OVO is providing some customers with the chance to get a variety of energy-efficient goods for free

Economics

3 w. ago Package worth £56 million including smart sockets supplied to eligible UK energy company customers

OVO is providing some customers with the chance to get a variety of energy-efficient goods for free

Economics