OpenAI countersues Musk as Altman feud escalates April 10, 2025 OpenAI has filed a counter-lawsuit against Elon Musk accusing the Tesla and X chief of attempting a hostile takeover. The claim, under “further unlawful and unfair action”, also cited orchestrating a campaign of harassment, designed to derail the AI company’s transition to a for-profit model. The legal filing, submitted on 9 April, 2025, in a [...]
Musk’s personal appeal to Trump fails as tariff war spirals April 8, 2025 Elon Musk, the world’s richest man and a key adviser to Donald Trump, made a direct appeal to the US president over the weekend, urging him to reconsider his administration’s aggressive tariff plans. Musk’s appeal, initially reported by the Washington Post, comes as Trump threatened to impose additional tariffs, including a 50 per cent tariff [...]
Musk advocates for ‘effective free-trade zone’ between the US and Europe April 6, 2025 Elon Musk has voiced his support for an “effective free-trade zone” between Europe and the US, days after US President Donald Trump imposed a sweeping set of tariffs on the world. Trump placed a 20 per cent tariff on most EU goods going into America on April 2, as well as a range of tariffs [...]
Tesla pays the price for Elon Musk’s politics April 3, 2025 People do strange things when passions are running high. Take the brave protester in Bristol, who last month felt he had to take a stand against the Bond villain/visionary entrepreneur (delete as appropriate) Elon Musk. Armed with an anti-Musk poster and a large metal pole, he set about smashing up a parked Tesla in an [...]
Elon Musk sells X to his own xAI for £25.5bn in all-stock deal March 29, 2025 Elon Musk has sold social media site X to his own xAI artificial intelligence company in a $33bn (£25.5bn) all-stock deal, the billionaire announced. Both companies are privately held, which means they are not required to disclose their finances to the public. Mr Musk said in a post on X that the move will “unlock immense potential by blending [...]
US tariffs: Trade secretary won’t rule out cuts to digital services tax March 27, 2025 Jonathan Reynolds has refused to rule out cutting the digital services tax on major tech firms, amid the prospect of looming US trade tariffs. The business and trade secretary insisted the UK government was “committed to ensuring tech companies pay a fair amount of tax in the UK”, but added that the digital services tax [...]
US tariffs: Reynolds urges ‘cool heads’ over trade negotiations March 27, 2025 Jonathan Reynolds has said it is a time for “cool heads” as the UK engages with the US over tariff plans despite holding a “different set of views” on trade policy. It comes after Chancellor Rachel Reeves said the UK is not planning “at the moment” to introduce retaliatory tariffs on the US, after President [...]
Schiehallion: Value of Spacex stake in Baillie Gifford trust skyrockets March 26, 2025 Baillie Gifford’s Schiehallion trust marked up the value of its holdings in Elon Musk’s Spacex by 86 per cent last year, as the trust worked to close the gap between its share price and underlying assets. The valuation of Spacex, which makes up 9.4 per cent of Schiehallion’s portfolio, has increased by more than 600 [...]
Why boss of FTSE 100 giant Auto Trader might ditch his Tesla March 25, 2025 The boss of FTSE 100 Auto Trader may ditch his Tesla in the future as rivals to Elon Musk's giant become more competitive on price.
Free Thinking: Is Keir Starmer or Kemi Badenoch the real Margaret Thatcher? March 21, 2025 In this episode of Free Thinking, City AM Opinion and Features Editor is asking what Margaret Thatcher would make of Keir Starmer’s plans to cut red tape for businesses.