Shares of Tesla climbed 8% on Friday, pushing the electric vehicle maker’s market cap past $1 trillion.Tesla enjoys a massive rally after the Musk-backed Donald Trump secured a second presidential term. The…
Category: Business News
USA: It’s illegal for Trump to fire me – Central bank boss
The head of the US central bank has hit back at speculation that his post might be in jeopardy as Donald Trump prepares to assume power in Washington. Federal Reserve…
USA: Pentagon allows US military contractors to fix weapons in Ukraine
The United States is allowing a small number of American defence contractors to work inside Ukraine to maintain and repair Pentagon-provided weaponry, according to US officials. The US has been…
South Korea: Two dead and 12 missing after fishing boat sinks
At least two people are dead and 12 others missing after a fishing boat capsized off the coast of South Korea, coastguard officials have said.The 120-tonne Geumseong sank about 24…
Brazil: Crypto expert with links to gang shot dead at airport
A Brazilian businessman, with ties to one of the country’s most powerful criminal groups, has been shot dead at Guarulhos Airport in São Paulo. Antônio Vinicius Gritzbach had recently entered…
Japan: Nissan to lay off thousands of workers as sales drop
The company also cut its operating profit forecasts for 2024 by 70%. It was the second time this year that the firm has lowered its outlook. “These turnaround measures do…
Australian: PM Anthony Albanese wants social media ban for under 16s
Australian Prime Minister Anthony Albanese has announced plans to legislate for a ban on social media for children under 16 years of age, an initiative his government says is world-leading. Australia’s Minister…
US: Court sentences Fat Leonard to 15 year in jail in Navy’s biggest bribery scandal
A Malaysian businessman has been sentenced to 15 years in jail for his role in the US Navy’s biggest corruption scandal and for skipping a previous sentencing hearing. Leonard Glenn…
USA: Boeing strike ends as workers back 38% pay rise deal
Boeing workers have voted to accept the aviation giant’s latest pay offer, ending a damaging seven-week-long walkout.Under the new contract, they will get a 38% pay rise over the next…
Poland: Prosecutors accuse Russia of arson targeting European cargo flights to US
A series of parcel fires targeting courier companies in Poland, Germany and the UK were dry runs aimed at sabotaging flights to the US and Canada, Polish prosecutors say. Katarzyna…