Elon Musk has bought $1 billion worth of Tesla shares in his first open-market purchase since 2020, underscoring his commitment to the carmaker as it prepares for a shareholder vote on a record-breaking compensation package. Regulatory filings show Musk acquired 2.6 million shares through a revocable trust at prices ranging from $372 to $396, lifting his stake in Tesla above ...
Jaguar Land Rover’s battle to recover from a devastating cyberattack could see its factories idle until November, according to suppliers briefed on the situation, raising fears of lasting damage to Britain’s largest carmaker and its supply chain. The Tata Motors-owned manufacturer has already endured two weeks of halted production since hackers targeted its systems on 1 September, forcing it to ...
Alphabet, the parent company of Google, has become only the fourth company in history to reach a $3 trillion market valuation, as investor enthusiasm over artificial intelligence and relief from a favourable US antitrust ruling drove shares to record highs. Shares in the California-based group climbed more than 4 per cent on Monday, pushing its market cap to $3.04 trillion. ...
Nothing, the London-based consumer technology startup founded by Carl Pei, has secured $200 million in a Series C funding round at a $1.3 billion valuation, as it prepares to pivot from being the first new independent smartphone brand in over a decade towards building an AI-native platform. The raise, led by Tiger Global with support from existing investors including GV, ...
Nory, the AI-native restaurant management startup, has raised $37 million in Series B funding to accelerate the rollout of its platform, which helps hospitality businesses cut costs, streamline operations, and improve profitability. The round, led by Swedish investor Kinnevik, brings Nory’s total funding to $63 million. Existing backers including Accel also participated, underscoring investor confidence in the company’s vision and ...
The United States and China have reached a breakthrough agreement on TikTok’s future, paving the way for the video-sharing app to transfer into US-controlled ownership after years of political wrangling. US trade representative Jamieson Greer confirmed on Monday that negotiators had struck a framework deal with Beijing following high-level talks in Madrid. Treasury secretary Scott Bessent said the commercial terms ...
BGC Group has raised a record $14 million (£11.2m) during its annual BGC Charity Day, the highest total in the event’s 21-year history. Since its inception in 2005, in memory of 658 BGC colleagues and 61 Eurobrokers employees who died in the 9/11 attacks, the event has generated more than $234 million globally. Every year, 100% of revenues and broker ...
Helena Morrissey is one of the City’s most recognisable figures. Appointed chief executive of Newton Investment Management at 35, she more than doubled assets under management over the following 15 years. Now chair of Fidelis and of the Eton College endowment, the investor and campaigner joined Wilfred Frost on The Master Investor Podcast. In a conversation that ranged from gilt ...
Employers face significant challenges when handling sexual allegation disputes, impacting both reputation and legal standing. Implementing clear policies and swift response mechanisms are essential steps in reducing liability and maintaining a safe workplace. Collaborating with legal experts ensures compliance and protects corporate interests. Addressing sexual allegation disputes effectively is crucial for maintaining a safe and respectful work environment. Employers must ...
From adaptable sustainable fashion to creative date-night planning, a new wave of women-led ventures has been given a major boost after the Built By Her, Backed By Us campaign raised £100,000 to support female founders across Britain. The joint initiative by Crowdfunder and lifestyle platform Muddy Stilettos set out to champion women entrepreneurs with grassroots fundraising, mentoring, and promotional support. ...