Business

The unlikely political marriage between US President Donald Trump and Tech billionaire Elon Musk has ended in a fiery public divorce with Tesla’s shares paying the price. The fallout began after Musk openly slammed Trump’s new tax-and-spending bill on social media. In response, Trump fired back, threatening to cut off government contracts for both Tesla and SpaceX. The political clash …

Donald Trump and Xi Jinping US Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and US Trade Representative Jamieson Greer are all set to meet officials in London on Monday for trade negotiations, President Donald Trump announced on Friday.“The meeting should go very well,” the president wrote on Truth Social on Friday afternoon. “Thank you for your attention to this …

Lily Jamali North America technology correspondent Getty Images When Elon Musk recently announced that he was stepping back from politics, investors hoped that would mean he would step up his involvement in the many tech firms he runs. His explosive row with US President Donald Trump – and the very public airing of his dirty White House laundry – suggests …

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails Holidaymakers have been warned of the potential for strike action at Glasgow Airport over the summer as more than 800 workers from five companies are …

Stephen McDonell China correspondent Watch as the BBC rides on board a driverless truck They rumble down the highway between Beijing and Tianjin port: big lorries, loaded up and fully able to navigate themselves. Sure, there is a safety driver in the seat, as per government regulations, but these lorries don’t require them, and many analysts say it won’t take …

Sebi has corrected its May 28 order on IndusInd Bank to clarify that KPMG was appointed through an ‘engagement note’ signed by CFO and executives Arun Khurana and Sumant Kathpalia, not through a ‘board note’ as earlier stated. The original order suggested that the board was aware of the discrepancies in derivatives valuation. Source link

BRESCIA: Govt is hoping to clinch an initial tranche of the proposed bilateral trade deal with the US, govt sources said as a team of American officials landed in the Capital for negotiations. “The two countries are actively engaged in focused discussions to facilitate greater market access, reduce tariff and non-tariff barriers, and enhance supply chain resilience and integration. The …

MUMBAI: RBI said its stance on cryptocurrency remains unchanged, even as a govt panel continues to examine the issue. “There is no new development following the Supreme Court pronouncement on the crypto matter,” RBI governor Sanjay Malhotra said at the post-policy press conference. “RBI has maintained a consistent stance on this issue. A govt committee is currently examining the matter. …

NEW DELHI: The economic advisory council to the Prime Minister (EAC-PM) has been reconstituted with noted economist S Mahendra Dev being appointed as the chairperson, replacing Niti Aayog vice chairman Suman Bery.Three full time members – Sanjeev Sanyal, Sanjay Kumar Mishra and Shamika Ravi – have been retained. New part time members who have been appointed include Soumya Kanti Ghosh, …

NEW DELH: A local factory for Tesla’s electric cars may be some time away, but Elon Musk‘s satellite communications venture Starlink has finally received a go-ahead from govt to launch services in the country.Starlink got approval for three licences – Global Mobile Personal Communication by Satellite (GMPCS), Commercial Very Small Aperture Terminal (VSAT), and Internet Service Provider (ISP) – which …