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Loans, investments and piles of his own cash: How Musk financed Twitter takeover
In looking for ways to pay for his takeover of Twitter, Elon Musk has offered up money sourced from his own personal assets, investment funds and bank loans, among others.
Elon Musk: tech genius, social media boss, eccentric
Elon Musk is at turns ingenious, impulsive and infuriating. He is also a corporate maverick, unafraid to tackle myriad industries by his own rules.
Elon Musk takes control of Twitter, fires executives: US media
Elon Musk took control of Twitter and fired its top executives, US media reported late Thursday, in a deal that puts one of the top platforms for global discourse in the hands of the world's richest man.
China economic slowdown to drag on Asia growth: IMF
China's "sharp and uncharacteristic" economic slowdown is expected to drag on growth across Asia through the end of next year, the International Monetary Fund (IMF) warned Friday, darkening an already gloomy global outlook.
Japan to unveil huge economic package to address inflation
Japan is on Friday expected to announce an economic stimulus package that local media said could be worth $200 billion to cushion the impact of inflation and a weak yen.
Apple reports solid profits, but sees greater hit from strong dollar
Apple reported solid profits on rising revenues Thursday, but the tech giant's iPhone sales missed estimates as executives signaled a rising financial toll from the strong dollar.
N.Ireland set for fresh elections as deadline to restart government expires
A deadline to resume power-sharing in Northern Ireland's regional government passed at midnight on Friday, setting the UK-run province on a course to its second election this year amid a political stand-off over divisive post-Brexit trade rules.
Apple reports solid profits, but iPhone sales miss estimates
Apple reported solid profits on rising revenues Thursday, but the tech giant's iPhone sales missed estimates while it saw slowing growth in services revenues.
Amazon quarterly profit slips as shoppers seek bargains
Amazon on Thursday said that its profit in the third quarter slipped more than 9 percent to $2.9 billion, despite an uptick in sales helped by Prime day bargains.
Iran protest deaths mount as Tehran vows 'severe response' to shrine massacre
Iranian protesters on Thursday defied a deadly crackdown by security forces against nearly six weeks of women-led protests, as Tehran vowed to punish those behind a mass shooting that killed 15 worshippers at a shrine.
US tech titans buffeted by economic headwinds and TikTok
US tech titans looking to the future are seeing growth take a beating in the face of foreign competition and a tough economy in the here and now.
Strong McDonald's results showcase advantage amid inflation
McDonald's reported stronger-than-expected quarterly profits Thursday as executives pointed to signs it is drawing customers priced out of more expensive restaurants.
Turkey detains 25 over deadly mine blast
Turkish authorities on Thursday detained 25 suspects including the director of a state-owned mine in northwest Turkey, after an explosion there this month killed 41 people, local media reported.
Energy giants' billions renew windfall tax debate
The billions in profits announced by TotalEnergies and Shell on Thursday have revived the debate over windfall taxes on the thriving energy giants.
Biden touts high-tech manufacturing resurgence ahead of midterms
President Joe Biden was traveling to New York on Thursday to tout giant investments in semiconductor manufacturing, part of a final hour bid ahead of midterm elections to persuade Americans that the economic future is bright.
US lawmakers urge bank chiefs to reconsider Hong Kong meeting
US lawmakers on Thursday asked executives of major banks to reconsider attendance at a major conference next week in Hong Kong, saying their presence legitimizes China's clampdown in the city.
US economy grows for first time this year in third quarter
The US economy rebounded in the third quarter, expanding for the first time this year in welcome news for President Joe Biden days ahead of midterm elections, government data showed Thursday.
ECB warns of 'looming recession' as it again hikes rates
The European Central Bank announced another jumbo interest rate hike on Thursday and said further increases would follow to combat soaring inflation, even as its president, Christine Lagarde, warned a eurozone recession was looming.
Israel, Lebanon strike 'historic' maritime border deal: US
Israel and Lebanon struck a US-brokered maritime border deal on Thursday, the White House announced, paving the way for lucrative offshore gas extraction by the neighbours that remain technically at war.
ECB unveils another jumbo rate hike to tackle inflation
The European Central Bank on Thursday rolled out another bumper rate hike to combat soaring inflation, despite growing concern that the eurozone is hurtling towards a painful recession.
N. Ireland moves closer to fresh elections over post-Brexit impasse
Northern Ireland on Thursday appeared headed for a second election this year after the leader of the pro-UK Democratic Unionist Party said his grouping had not changed its position on contentious post-Brexit trade rules.
Israel, Lebanon to strike 'historic' maritime border deal
Israel and Lebanon Thursday separately signed a US-brokered maritime border deal which paves the way for lucrative offshore gas extraction by the neighbours that remain technically at war.
Euro holds above dollar parity before ECB
The euro held above parity with the dollar Thursday but eurozone stocks dropped as the European Central Bank prepares to announce another big hike to interest rates in the face of sky-high inflation.
Climate plans would allow up to 2.6C of global warming: UN
Country climate pledges leave the world on track to heat by as much as 2.6 degrees Celsius this century, according to a United Nations assessment Wednesday warning that emissions must fall 45 percent this decade to limit disastrous heating.
Israel, Lebanon set to sign 'historic' maritime border deal
Lebanon and Israel were Thursday expected to sign a US-brokered maritime border deal which would pave the way for lucrative offshore gas extraction by the neighbours that remain technically at war.
Profits crash at Volvo Cars on rising material costs
Swedish automaker Volvo Cars on Thursday rising raw material costs and inflation drove down profits in the third quarter.
'No trust': Clandestine world of Ukraine prisoner swaps
The five captured Russian soldiers stumbled out of the Ukrainian van with their heads covered in black balaclavas.
Huawei revenue down 2.2% in first three quarters of 2022
Revenue at Chinese telecom giant Huawei fell by 2.2 percent year on year in the first three quarters of 2022, company data showed Thursday, as Covid-19 and US sanctions dragged down sales.
Shell posts more bumper profits on high energy prices
British energy giant Shell on Thursday announced net profit totalling $6.7 billion in the third quarter, as oil and gas prices remain strong despite recent slides on easing supply fears.
Euro and pound hold gains, stocks mostly rise as rate fears ease
The euro, pound and yen all held their gains against the dollar Thursday and most equities rose as traders grow increasingly hopeful the Federal Reserve will slow its pace of interest rate hikes.
Transgender Thai media mogul buys Miss Universe pageant
A Thai media mogul and transgender rights campaigner has bought the firm that runs Miss Universe pageants for $20 million, according to a company announcement.
Lufthansa says 'left pandemic behind', books healthy profit
German airline giant Lufthansa said Thursday it had "left the pandemic behind" as it reported a robust third-quarter net profit, and predicted strong demand in the months ahead.
Credit Suisse launches radical overhaul to stabilise bank
Credit Suisse announced a radical series of measures Thursday aimed at turning around the beleaguered bank following huge third quarter losses, including revamping its investment banking unit, 9,000 job layoffs and raising fresh capital.
Hong Kong finance chief contracts Covid ahead of banking summit
Hong Kong's finance chief could have to miss an upcoming global banking summit in the city, after his office revealed Thursday he had tested positive for the coronavirus.
Lufthansa reports healthy profit, extending recovery
German airline giant Lufthansa on Thursday reported a net profit of 809 million euros ($814 million) in the third quarter, as the group extends a strong recovery from the pandemic.
IEA sees global emissions peaking in 2025
The International Energy Agency said Wednesday it believes global emissions will peak in 2025 as surging energy prices due the Russian invasion of Ukraine propel investment in renewables.
Kanye West 'escorted' out of Skechers offices
Kanye West was "escorted" by two executives out of the Skechers corporate offices after the rapper showed up uninvited, the shoe company said in a statement Wednesday.
High-profile Australian rape case abruptly ends in mistrial
A high-profile rape case that ignited nationwide protests across Australia abruptly ended Thursday in a mistrial, the latest twist in a courtroom saga involving some of the country's most senior politicians.
Samsung Electronics says Q3 operating profit down 31% on-year
South Korean tech giant Samsung Electronics on Thursday said its third-quarter operating profits were down 31.39 percent year-on-year after a global economic downturn hit demand for consumer electronics.