1 week ago ‘They went too far’: Musk says he regrets some of his posts about Trump

Tesla share price rises as former head of president’s ‘efficiency’ drive seems to retreat from explosive falling outBusiness live – latest updatesElon Musk has expressed contrition for some of his tweets about Donald Trump last week, in an apparent effort to retreat from an explosive falling out that has threatened to damage the Tesla boss’s business interests.Musk was by far the biggest donor to Trump’s presidential campaign, but tensions between the two erupted into public view last week and rapidly escalated, as the world’s richest man called for the president’s impeachment and mocked his connections to the sex offender Jeffrey Epstein in a series of posts. Continue reading...

Politics

2 w. ago From banning X to funding Dems: All the ways Musk and Trump could hurt each other as they go nuclear

How president and tech titan choose to escalate their bitter feud could have far-reaching consequences for them ... and us

Events

2 w. ago Tesla shares rebound on news of Musk and Trump talks after explosive feud cost firm $99bn in a day

Elon Musk and Donald Trump’s squabble over social media sent the EV maker’s stock into freefall

Economics

2 w. ago Elon Musk’s business empire was built on government help. How badly could Donald Trump hurt him?

If the President follows through on his threats, the price tag could be enormous. Yet financial loss is far from the worst damage that Trump can cause his erstwhile ‘first buddy’, Io Dodds writes.

Politics

2 w. ago Musk says SpaceX will retire Dragon spacecraft amid bitter Trump dispute

World’s richest man says craft, which Nasa relies on to take astronauts to ISS, will be withdrawn from commissionTrump-Musk spat – latest updatesMusk calls for Trump to be impeached as extraordinary feud escalatesElon Musk, the world’s richest man, on Thursday said his company SpaceX would begin decommissioning its Dragon spacecraft after he engaged in an extraordinary public fallout with Donald Trump who had threatened to cancel government contracts with Musk’s businesses.“In light of the President’s statement about cancellation of my government contracts, @SpaceX will begin decommissioning its Dragon spacecraft immediately,” Musk posted on the social media platform X, which he owns. Continue reading...

Technology

3 w. ago Elon Musk vows DOGE is not dead as he bows out of Trump's White House: Live updates

Trump credited Musk with 'a colossal change in the old ways of doing business in Washington' and said some of his staff would remain in the administration.

Events

3 w. ago Musk is pivoting from DC and Doge’s failures – and wants investors to know

The billionaire mogul is signaling far and wide that he’s back to business, and even criticizing Trump’s tax billElon Musk really wants the public – and investors – to know that he’s leaving Washington DC behind.In a series of interviews and social media posts this week, Musk has criticized Donald Trump’s marquee tax bill and emphasized his recommitment to leading SpaceX, Tesla and the artificial intelligence company xAI. The world’s richest person claimed that he was back to working around the clock at his companies – to the point of sleeping in conference rooms and factory offices once again. Continue reading...

Economics

3 w. ago South Africa denies trying to bend the rules to give Musk's Starlink preferential treatment

South Africa has denied accusations that a draft policy watering down Black ownership requirements for tech firms was proposed to benefit the Starlink business of white South African-born billionaire Elon Musk

Politics

3 w. ago Two words keep cropping up with Elon Musk’s business promises: ‘Next year’

The world’s richest man is accused of overpromising when it comes to his businesses

Politics

3 w. ago IMF lifts UK growth forecast for 2025; markets welcome US delay to EU 50% tariffs – as it happened

Rolling coverage of the latest economic and financial news, as IMF releases latest healthcheck on UK economyRachel Reeves should ease fiscal rules to prevent emergency spending cuts, IMF saysEU hopes for quick deal to resolve US trade war after Trump delays 50% tariffsToyota to move some GR Corolla production to UK from JapanOuch! Germany’s economy is on track for its worst performance in post-war history, a new report shows.The German Chamber of Commerce and Industry (DIHK) predicted this morning that Europe’s largest economy will contract by 0.3% this year, Reuters reports. That would be the third annual contraction in a row, although not as bad as the 0.5% fall in GDP which the DIHK predicted back in February.“A mood of cautious relief is spreading after the long weekend, amid hopes for more fruitful trade negotiations between the United States and its global partners. There are no post bank holiday blues for the London market, with the Footsie in striking distance of the record ...

Economics

3 w. ago IMF lifts UK growth forecast for 2025; markets welcome US delay to EU 50% tariffs – business live

Rolling coverage of the latest economic and financial news, as IMF releases latest healthcheck on UK economyRachel Reeves should ease fiscal rules to prevent emergency spending cuts, IMF saysEU hopes for quick deal to resolve US trade war after Trump delays 50% tariffsToyota to move some GR Corolla production to UK from JapanOuch! Germany’s economy is on track for its worst performance in post-war history, a new report shows.The German Chamber of Commerce and Industry (DIHK) predicted this morning that Europe’s largest economy will contract by 0.3% this year, Reuters reports. That would be the third annual contraction in a row, although not as bad as the 0.5% fall in GDP which the DIHK predicted back in February.“A mood of cautious relief is spreading after the long weekend, amid hopes for more fruitful trade negotiations between the United States and its global partners. There are no post bank holiday blues for the London market, with the Footsie in striking distance of the record ...

Economics

3 w. ago UK retail confidence plummets as sales fall; markets welcome US delay to EU 50% tariffs – business live

Rolling coverage of the latest economic and financial newsEU hopes for quick deal to resolve US trade war after Trump delays 50% tariffsToyota to move some GR Corolla production to UK from JapanOuch! Germany’s economy is on track for its worst performance in post-war history, a new report shows.The German Chamber of Commerce and Industry (DIHK) predicted this morning that Europe’s largest economy will contract by 0.3% this year, Reuters reports. That would be the third annual contraction in a row, although not as bad as the 0.5% fall in GDP which the DIHK predicted back in February.“A mood of cautious relief is spreading after the long weekend, amid hopes for more fruitful trade negotiations between the United States and its global partners. There are no post bank holiday blues for the London market, with the Footsie in striking distance of the record high reached in February. More positive vibes are pulsing about the outlook for the global economy, with hopes that more scores can b...

Economics

3 w. ago Tesla sales halve in Europe; markets welcome US delay to EU 50% tariffs – business live

Rolling coverage of the latest economic and financial newsEU hopes for quick deal to resolve US trade war after Trump delays 50% tariffsStocks have jumped in London as trading resumes after the Bank Holiday weekend.City investors are relieved that Donald Trump has delayed his threatened hike on EU tariffs to 50% until July, cooling trade war fears. Continue reading...

Economics