US court won’t lift judge’s block on Trump’s government overhaul May 31, 2025 A US appeals court on Friday refused to allow President Donald Trump’s administration to carry out mass layoffs of federal workers and a restructuring of agencies, leaving a lower court order in place that blocked the sweeping government overhaul. The decision by the San Francisco-based US Circuit Court of Appeals means that, for now, the Trump administration [...]
Tesla shares jump as Musk teases June robotaxi launch May 29, 2025 Tesla shares climbed two per cent in after-hours trading on Wednesday after reports emerged that the EV giant is preparing to launch its long-anticipated robotaxi service as early as 12th June. The bounce helped reverse earlier losses driven by disappointing new vehicle registration figures across Europe. The sudden shift in investor sentiment followed chief executive [...]
How capitalism will conquer space May 29, 2025 The world’s first trillionaire will be the head of a space-based business, predicts Rainer Zitelmann Space is the most undervalued industry in the world. It is particularly unappreciated in Europe, which has now fallen hopelessly behind the United States and China. The US carried out 153 launches last year, China 68 and Europe three. The [...]
Elon Musk: Judge rules billionaire’s DOGE role is permanent May 28, 2025 A federal judge in Washington, DC has ruled that Elon Musk holds a “continuing and permanent” role within the federal government and DOGE, rejecting the White House’s claim that the billionaire entrepreneur was merely serving in an advisory capacity. The decision allows a high-profile lawsuit brought by 14 US states to move forward against Musk, [...]
Farage unveils Reform UK’s new economic policies May 27, 2025 Reform UK leader Nigel Farage has unveiled a tranche of policies aimed at increasing birth rates in the UK, cutting down on government spending, and reinstating welfare policies as he seeks to capitalise on the party’s popularity. The new policies are part of a wider push from the party to present themselves as “the party [...]
X down as thousands report issues with social media platform May 24, 2025 The social media platform X, formerly known as Twitter, experienced an outage on Saturday as users reported issues with the site. According to service monitoring site Downdetector, thousands of users in the UK experienced problems accessing the app and website. The site, which tracks user experiences and outages across different websites, showed that the issue [...]
Panel sessions and punk music: SXSW comes to London May 24, 2025 In the first week of June, the world’s largest tech, business and arts festival, SXSW, will make its European debut in Shoreditch. Ali Lyon asks its its chief executive, Max Alexander, why London, and why now? Of the many aspirations Max Alexander has for next month’s inaugural South by Southwest London, there is one which [...]
Censorship is the virus, free speech is the vaccine May 22, 2025 Free speech, grounded in the principle of dispersed knowledge and “epistemic modesty” championed by Hayek, is far less dangerous than censorship, which empowers a self-appointed elite to enforce their biases on others, says Paul Marshall It is always dangerous to make binary distinctions, as they are over simplistic – but in the debate over free [...]
Elon Musk retaliates against Tesla backlash May 21, 2025 Elon Musk has issued a stark warning to those behind violent attacks against Tesla, vowing criminal consequences for what he described as “evil” acts of politically motivated vandalism and threats. Speaking in a virtual interview at the Qatar economic forum on Tuesday, the Tesla and SpaceX chief executive said he had taken the recent wave [...]
Can Airbnb become an everything app? May 20, 2025 Airbnb is undergoing a bold transformation from a travel platform to a daily-use “superapp” offering local services and experiences, but its success hinges on whether users adopt new habits outside of their holidays, says Paul Armstrong Airbnb is having a busy 2025. The company reported $2.27bn in revenue for Q1, a six per cent year-over-year [...]