Elon Musk in deep waters after reigniting feud with British diver in sweary outburst September 4, 2018 Elon Musk reignited his attacks on a British diver involved in the recent Thai cave rescue operation late this evening. In a series of bizarre and foul-mouthed emails sent to BuzzFeed this evening, the Tesla boss doubled down on previous remarks he had made in which he accused Vern Unsowrth of being a "pedo". Addressing a [...]
Blackrock and Metro Bank on shortlist for new responsible business award September 3, 2018 The City of London Corporation has revealed the businesses shortlisted for the Lord Mayor’s Business of Trust Champion Award, a prize aimed at celebrating companies with are championing responsible business practices. Asset manager Blackrock and high-street bank Metro Bank are among the six companies on the shortlist, which includes SMEs and large corporate firms across [...]
The media’s greatest enemy isn’t Trump, it’s the tech titans September 3, 2018 What is the biggest threat to the future of the media: President Donald Trump, or Silicon Valley? In the presidential corner, Trump’s regular attacks on the “fake news media” have provoked a robust response. This summer, newspapers coordinated a string of editorials defending the essential role of the press as a lens on power and [...]
Amazon poised for trillion-dollar valuation despite stock shorts September 2, 2018 Amazon is set to become the second US publicly-listed company to reach a $1 trillion (£771.2bn) market capitalisation this week, despite it overtaking Tesla as the most shorted stock on Wall Street. The e-commerce giant broke past the $2,000 per share milestone on Thursday evening, holding investors in suspense. Fellow tech giant Apple became the first [...]
Blackrock voted to remove Elon Musk as Tesla chairman August 31, 2018 Blackrock-managed funds voted in favour of replacing Tesla's billionaire founder Elon Musk with an independent chairman, it revealed yesterday. Funds run by the New-York based firm backed a shareholder proposal to oust Musk as chairman, its filing with the US Securities and Exchange Commission showed. More than 86m shares voted against the failed motion, which would not [...]
DEBATE: Is Entrepreneurs’ Relief worth the cost to the government? August 31, 2018 Is Entrepreneurs’ Relief worth the cost to the government? Chris Chapple, tax partner at BDO, says YES. Entrepreneurs’ Relief (ER) is a generous tax relief for business owners – but let’s remember why it was created. Tax law has long offered reliefs to entrepreneurs who sell all or part of their business, of which ER [...]
The British diver accused of being a paedophile by Elon Musk is preparing to sue him for libel August 29, 2018 Vernon Unsworth, the British diver accused of being a paedophile by Tesla boss Elon Musk, is said to be "preparing a civil complaint for libel" through his legal counsel. A letter from Unsworth's lawyer L. Lin Wood, dated to 6 August and seen by Buzzfeed News, provided grounds for a possible lawsuit against Musk for [...]
Elon Musk launches fresh attack on British diver over ‘pedo’ comment August 29, 2018 Tesla chief executive Elon Musk has revisited his earlier controversial comments in which he called a British diver helping out in a rescue effort for a group of young Thai footballers a paedophile. In the midst of a Twitter spat last night regarding his interview with the New York Times at the beginning of this month, [...]
Elon Musk’s tough year is a lesson for entrepreneurs that business isn’t all fun and games August 28, 2018 Poor Elon Musk. It might be difficult to feel sympathy for a billionaire, but entrepreneurs everywhere would have felt a pang of compassion on reading Musk’s emotional interview with the New York Times last week. As he recounted the stresses and strains of his last 12 months as head of Tesla – which he calls the [...]
Dismissal secured: Tesla gets Model 3 lawsuit thrown out on shareholder claims August 28, 2018 A lawsuit accusing Tesla of inflating its stock by pitching unattainable production numbers for its Model 3 sedan has been dismissed by a US judge in California. In a decision published late last night, US district judge Charles Breyer said shareholders had not provided enough evidence to suggest Tesla needed to be clearer that Model 3 [...]