Business

US President Donald Trump and Tesla CEO Elon Musk, once allies, are now publicly feuding following disagreements over the government’s new tax bill. The rift, which has played out in a series of increasingly pointed online posts, appears to mark a significant break in their relationship. The spat intensified after Musk vocally criticised the bill, calling it “a disgusting abomination” …

Tesla shares plunged over 8% on Thursday as tensions between US President Donald Trump and Tesla CEO Elon Musk escalated, leaving investors concerned about the future of Musk’s vast business empire. The sharp decline was triggered instead by a bitter public spat between the two high-profile figures. Musk criticised the president’s recent tax bill, describing it on his social media …

Donald Trump has said he will visit China after speaking to its leader Xi Jinping over the phone. The US president said he had reciprocated with an invite to the White House during the “very good talk” – though such a trip has not been confirmed by either side. Thursday’s call is the first time the two leaders have spoken …

Chenab bridge, set to be inaugurated by PM Narendra Modi, is a breathtaking sight! This Indian Railways bridge is also the world’s highest railway arch bridge. An engineering marvel, the Chenab river bridge forms a crucial link on the Udhampur – Srinagar – Baramulla Rail Link Project, finally connecting Kashmir to the rest of the country by train. Vande Bharat …

BBC Tom Pinsard said he and his wife could only afford their house through working many extra hours A man who left Guernsey said he was shocked to find the cost of rental accommodation had doubled when he returned 10 months later. Tom Pinsard and his family moved to Australia in 2022 but after his wife was hurt in a …

China News Service/VCG via Getty Images Goods brought into the US plunged by 20% in April, recording their largest ever monthly drop in the face of a wave of tariffs unleashed by US President Donald Trump. The retreat reflects the abrupt hit to trade, after firms had rushed products into the country earlier this year to try to get ahead …

From McKinley to Trump, the rise, fall and rise again of US tariffs. Source link

US stocks traded slightly higher Thursday as investors awaited key employment data, while fresh signals of labour market softness stoked expectations of a rate cut later this year.The S&P 500 rose 0.2% in early trading, while the Dow Jones Industrial Average was up 48 points, or 0.1%. The Nasdaq composite also gained 0.2%. Investors are focused on the US Labour …

The European Central Bank (ECB) has cut its key interest rate for the eighth time in just over a year as it warned about continuing pressure on the eurozone from Donald Trump’s tariffs. The main rate has been reduced from 2.25% to 2% by the ECB, which sets rates for the countries that use the euro. While inflation has eased …

With demand softening and input costs rising, the consumer goods giant looks to streamline operations and exit select markets in the coming years. Procter & Gamble plans to lay off as many as 7,000 employees — about 6% of its global workforce — over the next two years as part of a sweeping cost-cutting drive amid mounting macroeconomic pressures and …