The buyer of Twitter’s first ever tweet by its founder Jack Dorsey for $2.9m (£2.1m) sees it as a wise investment. “It’s a piece of human history in the form…
Category: Business News
Egypt: Container ship blocks Suez Canal
Tug boats and diggers are trying to free a huge container ship that ran aground in the Suez Canal in Egypt, blocking one of the world’s key shipping routes. Egyptian…
USA: Goldman Sachs boss says ‘go extra mile’ despite 95-hour week
The chief executive of Goldman Sachs says it’s “great” a group of young analysts raised concerns about working conditions at the investment firm. A group of 13 US employees mocked…
China: Biggest car brand launches rival to Tesla
China’s biggest carmaker Geely is launching a premium electric car brand it hopes will take on Tesla. The Chinese company, which owns Volvo and Lotus, announced its Zeekr brand on…
Egypt: Suez Canal blocked by large container ship
Egypt’s Suez Canal has been blocked by a large container ship that ran aground while turning in the narrow channel, vessel tracking sites show. Several tug boats were deployed to…
France: Ikea on trial for snooping on staff and customers
The French subsidiary of Ikea will go on trial on Monday over allegations that it snooped on employees and customers by using private detectives and police officers. Ikea France will…
Saudi Arabia: Aramco’s profits slide nearly 45% after lower oil demand
The oil giant Saudi Aramco has announced that its profits fell sharply last year as lockdowns around the world curbed demand for oil. Earnings in 2020 fell by nearly 45%…
China: Elon Musk denies Tesla cars are used for spying in China
Elon Musk, the chief executive of the US electric carmaker Tesla, says his firm would be “shut down” if its vehicles were used for spying on China. His comments came…
Asia: China and Taiwan face off in pineapple war
It could be the world’s most heated dispute over pineapple, even eclipsing the interminable debate about whether or not it belongs on pizza. Last month, China banned Taiwanese pineapple imports,…
USA: Donald Trump’s wealth takes tumble during presidency
Donald Trump’s net worth dropped by about $700m to $2.3bn (£1.65bn) during his time as president, according to the Bloomberg Billionaires Index. The Covid-19 pandemic hit his fortunes hard, with…