French satellite company Eutelsat poised to snap up British rival OneWeb July 24, 2022 French satellite company Eutelsat is poised to buy British rival OneWeb in a deal which will see the UK brought together with French and Chinese governments as common shareholders.
Twitter blames Musk for declining revenue July 22, 2022 Twitter has blamed Elon Musk for its revenue decline in the second quarter as the social media firm feels the strain of failed takeover talks. Revenue dropped one per cent year-over-year to $1.18bn, falling short of the projected $1.32bn. While the social media titan blamed the challenging macroeconomic environment for the revenue dip, it also [...]
The Elon Effect: Musk’s influence is waning over crypto July 21, 2022 Elon Musk has clearly lost his powers over the price of cryptocurrencies - and we should welcome this news, says Nigel Green.
Don’t read too much into Elon Musk’s ditching of Tesla Bitcoin holdings, says former banking chief July 21, 2022 The founder of a major investment bank has branded Elon Musk's Bitcoin dealings as "inefficient and unattractive" to Tesla stakeholders.
Elon Musk’s Tesla sheds 75 per cent of its Bitcoin holdings as profits drop July 21, 2022 Tesla has sold 75 per cent of its Bitcoin portfolio as profits slid in the second quarter of the year. The electric automaker announced in its Q2 earnings report that it converted the Bitcoin to $936m (£782m) of cash, with its digital asset holdings now at $218m (£182.4m). Profits fell to $2.3bn (£1.9bn) from a [...]
Bitcoin sees pullback overnight, but continues to hold at around $23k July 21, 2022 Bitcoin’s recovery continued yesterday, with the price of the leading cryptocurrency by market capitalisation briefly leapfrogging $24k.
Current space regulations leave businesses immune to liabilities worth billions July 21, 2022 Current space regulations mean that private companies are immune to the consequences of damages caused by their decommissioned tech in orbit, known as space debris, lawyers have told City A.M. “The liability for the collisions in outer space rests with the launching state of the spacecraft operator… It does not deal with private players per [...]
The best electric cars to buy in 2022 July 19, 2022 We name the best electric cars you can buy this year, including the Ford Mustang Mach-e, Hyundai Ioniq 5 and Tesla Model 3.
Twitter v Elon Musk: Takeover trial fast-tracked to October July 19, 2022 Twitter's attempt to force Elon Musk to complete his $44bn takeover has been fast-tracked to October, with the social media titan arguing that any further delay would cause damage to the business.
‘Delete Twitter’ searches soar by 204 per cent as app crashing and Musk deal falters July 15, 2022 Searches for “Delete Twitter” surged by 204 per cent after the app crashed and Elon Musk pulled out of his $44bn (£37.2bn) bid to buy the social media platform. Searches to delete Twitter rose to more than double the average amount after users were unable to load any content on the app yesterday, research by [...]