World News

Saudi Arabia’s fund lacks interest in Tesla’s idea of going private

Saudi Arabia’s Public Investment Fund (PIF) has shown no interest so far in financing Tesla CEO Elon Musk’s proposed $72 billion deal to take the U.S. electric car maker private, despite acquiring a minority stake inside company This particular year, two sources familiar with the matter said. The 47-year-old investor as well as engineer stunned financial markets on Tuesday when ...

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Stolen Alaska Air plane exposes aviation’s blind spots

Airlines in addition to airports need workers to have ready access to their equipment in addition to the airfield, which is usually essential to their work. The unusual incident showed the limits of securing facilities, as well as in monitoring employees in addition to addressing potential mental health issues, experts told CNBC. “The physical security layers from the airport are ...

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Trump authorizes doubling of metals tariffs on Turkey

President Donald Trump tweeted Friday of which he authorized a doubling of steel as well as aluminum tariffs on Turkey amid a growing diplomatic dispute between the two countries of which is usually causing a currency crisis for Turkish President Recep Tayyip Erdogan. “I have just authorized a doubling of Tariffs on Steel as well as Aluminum with respect to ...

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US-China trade war worrying some Hong Kong-owned manufacturers: CEO

Hong Kong-owned companies in which manufacture in mainland China are increasingly worried about the escalating Washington-Beijing trade war, according to one industry executive. Hong Kong’s dynamic skyline in addition to also bustling harbor illustrate its role as a global financial hub, yet decades ago This kind of teemed with factories, creating This kind of one of the four “Asian Tigers” ...

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Lawsuits accuse Tesla’s Musk of fraud over going-private proposal

Tesla as well as Chief Executive Elon Musk were sued twice on Friday by investors who said they fraudulently engineered a scheme to squeeze short-sellers, including through Musk’s proposal to take the electric car company private. The lawsuits were filed three days after Musk stunned investors by announcing on Twitter that will he might take Tesla private in a record ...

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Chinese media keep up drumbeat of criticism of US

China’s state media continued a barrage of criticism of the United States on Saturday as their tit-for-tat trade war escalated, while seeking to reassure readers the Chinese economy remains in strong shape. Commentaries from the People’s Daily, China’s top newspaper, likened the United States to a bull in a China shop running roughshod over the rules of global trade as ...

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Airline employee steals empty plane via Seattle’s airport, crashes

George Rose | Getty Images Alaska Airlines Bombardier Q-400 turbo-prop planes are parked at Seattle-Tacoma International Airport’s C terminal on June 2, 2013, in Seattle, Washington. Sheriff’s officials said a man who stole an Alaska Airlines plane via an airport in Washington state was “suicidal” as well as his actions were not connected to terrorism. Ed Troyer, a spokesman for ...

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Facebook committed to Uganda despite social media tax

Nicholas Bamulanzeki | AFP | Getty Images Ugandan President Yoweri Museveni delivers his state of the nation address in Kampala, Uganda, on June 6, 2018. Uganda has about 23.6 million mobile phone subscribers, 17 million of whom use the internet, Reuters reported, citing the Uganda Communications Commission. “Facebook may well be reconsidering its investment plans, in addition to will probably ...

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Premier League clubs are spending huge sums on an unlikely position

 Luke Walker | Getty Images Chelsea unveil brand-new signing Kepa Arrizabalaga at Stamford Bridge on August 9, 2018 in London, England. Tim Bridge, director of Deloitte’s Sports Business Group, said: “Premier League clubs’ gross player transfer expenditure of £1.2 billion continues to demonstrate the sheer purchasing power of the most commercially successful football league inside the earth. With Premier League ...

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