Elon Musk has dropped his chief executive job title and crowned himself “Technoking of Tesla”. Mr Musk will still retain his position of chief within the company, the US Securities…
Category: Business News
Finland: Nokia to cut up to 10,000 jobs worldwide
Finnish telecoms giant Nokia is to axe between 5,000 and 10,000 jobs worldwide in the next two years as it cuts costs. It is unclear where the bulk of the…
Bitcoin surges past $60,000 for first time
Cryptocurrency Bitcoin has risen for the first time above $60,000 (£43,100), continuing its record-breaking run. Bitcoin – which has more than tripled in value since the end of last year…
China: Henan Zoo tries to pass a dog for an African Lion
An animal described as an African lion at a Chinese zoo was exposed as a fraud – when the creature started barking in front of visitors. Chinese media reports said…
Hong Kong: Cathay Pacific posts record $2.8bn loss for 2020
Hong Kong’s Cathay Pacific Airways has reported a record annual loss of $2.8bn (£2bn) for 2020. Its poor results were due to a sharp downturn in travel during the pandemic…
Global: White hat bounty hackers become millionaires
Hackers earned a record $40m (£28m) in 2020 for reporting software flaws via a leading bug bounty reporting service. HackerOne said nine hackers made more than $1m each after it…
Arctic: Mining firm pays record $2bn fine over oil spill
A mining firm has paid a record $2bn (£1.4bn) fine over a huge oil spill that caused one of Russia’s worst environmental disasters. Norilsk Nickel, the world’s leading nickel and…
China: Trader gets painted stones instead of $36m of copper
A commodities trader was given painted stones instead of $36m (£26m) of copper from a Turkish supplier in a fraudulent deal last summer. Geneva-based Mercuria Energy Group says it’s been…
Poland: Logging to resume in primeval Bialowieza forest
Poland is to resume logging in the primeval Bialowieza forest. The forest, a Unesco World Heritage Site shared with Belarus, was the centre of discord between the EU and Poland…
Spain: John McAfee charged with fraud over cryptocurrency
Businessman John McAfee, creator of the McAfee anti-virus software, has been charged in the US with conspiracy to commit fraud and money laundering. Mr McAfee and his bodyguard Jimmy Gale…