Twitter has spoken: Tesla shares fall as Musk abides by poll November 8, 2021 Tesla’s Frankfurt-listed shares have gone down 9 per cent after Elon Musk decided to sell 10 per cent of his quota following a Twitter poll. On Saturday, the chief executive – who is in the race to become the world’s first trillionaire – launched a Twitter poll asking users whether he should sell a consistent [...]
From Patterson row to peerages for donors: Boris Johnson increasingly under pressure over Tory sleaze November 8, 2021 Calls for a public inquiry into allegations of Tory sleaze are growing this morning as MPs consider how to clean up Westminster following the Owen Paterson row. The Commons will spend three hours hearing an emergency debate on the situation, despite ministers seeking to dismiss the row as a “storm in a teacup”. The Liberal [...]
Berkshire Hathaway enjoys rebound in profits November 6, 2021 Warren Buffett’s Berkshire Hathaway has extended its rebound from the early stages of the pandemic, with quarterly operating profits rising by 18 per cent to $6.47 billion compared to $5.48 billion in the year-earlier period. This is despite the company hoarding cash and cutting back on some stock holdings. During the third quarter, Berkshire Hathaway [...]
Opposition parties demand investigation into Johnson’s holiday November 6, 2021 Labour and the Liberal Democrats have pushed for an investigation into Prime Minister Boris Johnson’s free use of a a Spanish villa owned by the family of minister Lord Zac Goldsmith. The opposition parties have called on the prime minister to declare his luxury holiday in October in the MPs’ register of interests, which notably [...]
John Major does not hold back as he labels Boris Johnson ‘corrupt’ in unprecedented attack November 6, 2021 Former Prime Minister Sir John Major suggested the Johnson administration was “politically corrupt” over the way it treats Parliament. “I’m afraid that the Government, with their over-large majority, do tend to treat Parliament with contempt. And if that continues, it will end badly,” he told BBC Radio 4’s Today. “They bypass Parliament at will and [...]
Sir John Major slams government’s “shameful” handling of Paterson case November 6, 2021 Former Conservative Prime Minister John Major has criticised the government’s attempts to block the suspension of Owen Paterson for breaking lobbying rules. Speaking to BBC Radio 4, Major said: “I think the way the Government handled that was shameful, wrong and unworthy of this or indeed any government. It also had the effect of trashing [...]
Biden boost: US unemployment falls as 531,000 jobs added in October November 5, 2021 US employment increased more than expected last month as the headwind from the surge in Covid-19 infections over the summer subsided, offering more evidence that economic activity was regaining momentum in a boost for Joe biden. Nonfarm payrolls increased by 531,000 jobs last month, the Labor Department said in its closely watched employment report on Friday. Data [...]
Ex-Carlyle CEO Youngkin wins Virginia governor race November 3, 2021 Glenn Youngkin, a Republican and the former co-chief executive of US private equity group Carlyle, won the Virginia governor’s race last night in a blow to the Democractic party and President Joe Biden, a year ahead of the midterm elections. The political newcomer beat Democrat Terry McAuliffe, a former governor, in an election that attracted [...]
Elon Musk says he’ll sell Tesla stock if the UN can show how he can solve world hunger November 1, 2021 Responding to comments from the United Nations World Food Program (WFP) director, David Beasley, who told CNN that global hunger could be solved a “one-time” payment from some of the world’s wealthiest people, Elon Musk tweeted: “If WFP can describe on this Twitter thread exactly how $6B will solve world hunger, I will sell Tesla stock right now and do it.”
Jes Staley leaves Barclays: CEO exits bank after shock report on Epstein links November 1, 2021 Embattled Barclays chief Jes Staley has left his post over his ties with with late convicted sex offender Jeffrey Epstein. Staley will leave his role as chief executive of the bank with immediate effect after a probe into his links with Epstein suggested he mischaracterised the relationship to his employer and UK regulators. The bank’s [...]