42 m. ago Tesla denies reports it contacted recruiters to help it replace Elon Musk

The Wall Street Journal had reported the electric car maker’s board had contacted search firms to help it find a new chief executive.

Politics

1 hour ago Trump tariffs cause fastest slump in British factory export orders in five years – business live

Live, rolling coverage of business, economics and financial markets as UK manufacturers report falling export orders and China signals openness to US trade talks Fhaheen Khan, senior economist at Make UK, a lobby group for British manufacturing, said:UK manufacturers are caught in the eye of a perfect storm, with rising costs and international trade uncertainty undermining growth prospects. While actual changes in trade have been limited, the unpredictability, particularly around US tariff policy, is doing significant damage and paralysing decision makers. Many firms are delaying major investment decisions until greater clarity emerges, while being forced in the meantime to cut costs through redundancies while pushing through price increases.This has left manufacturing experiencing its most severe slowdown in years, with the UK at a competitive disadvantage compared to our European peers who are weathering current challenges relatively better. As a result, it is now vital that gover...

Politics

2 h. ago Move fast and destroy things: 100 chaotic days of Elon Musk in the White House

From mass firings to unprecedented influence, Musk has left little of the federal government untouched in Doge roleOne hundred days after Elon Musk entered the White House as Donald Trump’s senior adviser and the de facto leader of the so-called “department of government efficiency” (Doge), the Tesla CEO has left little of the federal government unscathed. Over the course of just a few months, he has gutted agencies and public services that took decades to build while accumulating immense political power.Musk’s role in the Trump administration is without modern precedent. Never before has the world’s richest person been deputized by the US president to cull the very agencies that oversee his businesses. Musk’s attempts to radically dismantle government bureaus have won him sprawling influence. His team has embedded its members in key roles across federal agencies, gained access to personal data on millions of Americans and fired tens of thousands of workers. SpaceX, where he is CEO,...

Events

2 h. ago The exact number of babies each woman needs to have to stop humans from becoming extinct

A phenomenon that Elon Musk has called 'the greatest risk to the future of civilization' is sweeping the globe, according to a new study.

Politics

2 h. ago Elon Musk and Tesla chair deny board is looking for new CEO despite profits plunge

World’s richest man calls reporting on alleged hunt for his successor ‘extremely bad breach of ethics’ as electric vehicle manufacturer’s struggles continue

Economics

2 h. ago China hints at openness to trade talks with US; Tesla denies board search for Musk successor – business live

Live, rolling coverage of business, economics and financial markets as Chinese state-controlled social media says US has approached China for trade talksLloyds Banking Group has reported a 7% drop in pre-tax profit to £1.5bn in its first quarter, and is bracing for the ripple effect from Trump’s tariffs on its balance sheet.The high street bank said that it has set aside £309m to account for possible bad debts, compared with previous guidance of £274m, as it added a £35m net charge to prepare for the possible impact on the economic outlook from President Trump’s tariffs.The US has proactively reached out to China through multiple channels, hoping to hold discussions on the tariff issue.Yuyuan Tantian is not among China’s most authoritative state media outlets. The Global Times, which is owned by the newspaper of the governing Communist Party, People’s Daily, has often been first to report China’s next steps in trade disagreements over the past few years.Guo Jiakun, a spokesperson fo...

Politics

3 h. ago Tesla denies report claiming board looked to replace Elon Musk

Wall Street Journal article saying headhunters were contacted branded ‘absolutely false’ by chair Robyn DenholmTesla has denied a report that its board sought to replace Elon Musk as its chief executive amid a backlash against his rightwing politics and declining car sales.Robyn Denholm, the chair of the board at the electric carmaker, said in a statement on Tesla’s social media account on X: “Earlier today, there was a media report erroneously claiming that the Tesla Board had contacted recruitment firms to initiate a CEO search at the company. Continue reading...

Politics

3 h. ago Tesla denies board search for Elon Musk’s successor; Trump tariffs to slash growth, says Bank of Japan – business live

Live, rolling coverage of business, economics and financial markets as US electric carmaker says report board is looking for next Tesla boss is ‘absolutely false’National Grid, the FTSE 100 company that owns the UK’s electricity network, has appointed Shell oil executive Zoë Yujnovich as chief executive after the retirement of John Pettigrew.Yujnovich was until recently working at FTSE 100 oil company Shell, where she was director of integrated gas and upstream (oil production) and a member of the executive committee. She previously led the Iron Ore company of Canada, part of Rio Tinto.I firmly believe in the vital function energy companies play in driving change and creating value. On both sides of the Atlantic National Grid has an essential role to play in making energy secure, affordable and reliable for our customers and communities. I’m excited about leading National Grid as it delivers on the growth opportunities ahead. Continue reading...

Economics

5 h. ago Elon Musk and DOGE promised $2 trillion in savings. In reality, government spending is up

The Tump administration has reportedly spent more than 6 percent as the Biden administration during the same period even though federal jobs, services, agencies and contracts have been slashed

Economics

7 h. ago Music legend ignites explosive feud with Elon Musk with new song taking aim at billionaire

Music legend Neil Young has debuted a new song taking aim at Elon Musk .

Events

7 h. ago Snake on a train line: Japan’s busiest bullet train route brought to a halt

Outage occurred between Maibara and Gifu-Hashima stations after the snake appeared to have climbed an electricity poleJapan’s busiest bullet train line was brought to a halt on Wednesday after a metre-long snake wrapped itself around a power line, shorting the electricity supply and stranding hundreds of passengers.Shinkansen trains running between Tokyo and Osaka were brought to a standstill by the snake, with news reports showing footage of people inside trains waiting for services to resume. Power did not appear to have been cut inside trains, with lights and air conditioning still functioning, according to passengers. Continue reading...

Politics

8 h. ago Tesla searches for new CEO to replace Elon Musk amid stock turmoil and forces White House exit

Tesla began a search to replace CEO Elon Musk amid stock turmoil and negative press from the 'First Buddy' serving as head of the Department of Government Efficiency.

Events

12 h. ago Appellate court won't lift restrictions on DOGE access to Social Security information

A federal appeals court says it won’t lift restrictions on the access that Elon Musk’s Department of Government Efficiency has to Social Security systems containing personal data on millions of Americans

Events

12 h. ago Memorial wall to fallen USAID staffers is removed from the agency's former building

Contractors hired by the Trump administration have removed a memorial wall to fallen staffers from the now-closed headquarters of the U.S. Agency for International Development, with no immediate word on where it will wind up

Politics

13 h. ago Groomed: A National Scandal is harrowing and fraught with political complexity

This documentary on grooming and child exploitation comes a matter of months after Elon Musk reignited public interest in one of the most incendiary issues of our times

Politics

14 h. ago Elon Musk faces another massive blow as new study confirms his worst fear

A phenomenon that Elon Musk has called 'the greatest risk to the future of civilization' is sweeping the globe, according to a new study.

Politics

17 h. ago Trump invites Elon Musk to stay in his administration 'as long as you like' as he takes major step back from DOGE

President Donald Trump invited Elon Musk to stay in his administration as long as he wants - an invitation the came as the Tesla founder is on his way out the door.

Politics

17 h. ago Trump says Elon Musk 'welcome to stay as long as he wants' after being treated 'unfairly'

The pair have been speaking at a cabinet meeting about the Trump administration's first 100 days back in the White House, when the President seemingly made a public U-turn after rumours of a fallout

Politics

17 h. ago The home of Elon Musk's SpaceX could become an official Texas city called Starbase

Elon Musk has for years made Texas his business home and playground as he launches rockets and builds cars in the Lone Star state

Technology

20 h. ago Elon Musk's three unhinged moves before quitting the White House

Elon Musk has been a stalwart defender of President Donald Trump, but a White House containing two massive egos was always going to end with one leaving the White House, according to an expert

Events