Musk told banks he will rein in Twitter pay, make money from tweets

April 29 (Reuters) – Elon Musk told banks that agreed to help fund his $ 44 billion acquisition of Twitter Inc (TWTR.N) that he could crack down on executive and board pay at the social media company in a push to slash costs, and would develop new ways to monetize tweets, three people familiar with … Read more

Musk told banks he will rein in Twitter pay, make money from tweets, sources say

Elon Musk attends the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul / Pool via REUTERS / File Photo Register now for FREE unlimited access to Reuters.com Register April 28 (Reuters) – Elon Musk told banks that agreed to help fund his $ 44 billion … Read more

Factbox: Companies sell their businesses in Russia

A woman entries to a Polish fashion retailer LPP brand Reserved shop in Warsaw, Poland, September 4, 2020. REUTERS / Kacper Pempel / File Photo Register now for FREE unlimited access to Reuters.com Register April 28 (Reuters) – Some Western companies have agreed to sell their Russian assets or hand them over to local managers … Read more

Big business joins forces to bridge Germany’s growing skills gap

BERLIN, April 22 (Reuters) – Germany’s industrial heavyweights are teaming up to retrain workers in areas such as software and logistics to fill growing skills gap and avoid layoffs among workers of all ages as the economy shifts to clean energy and online shopping. More than 36 major companies, ranging from auto suppliers such as … Read more

Biden to tap ethanol to lower fuel prices as consumer inflation surges

US President Joe Biden returns a salute as he steps from Marine One upon arrival at the White House in Washington, US, April 11, 2022. REUTERS / Kevin Lamarque Register now for FREE unlimited access to Reuters.com Register WASHINGTON, April 12 (Reuters) – US President Joe Biden will unveil plans on Tuesday to extend the … Read more

Elon Musk’s arrival stirs fears among some Twitter employees

Concerns center around Twitter’s ability to moderate content Fear Musk’s views on moderation may allow trolling to flourish Twitter management, employees make daily decisions -spokesperson April 7 (Reuters) – News of Tesla (TSLA.O) Chief Executive Elon Musk taking a board seat at Twitter (TWTR.N) has some Twitter employees panicking over the future of the social … Read more

Musk takes 9% stake in Twitter to become top shareholder, starts poll on edit button

Stake valued at about $ 3 billion Twitter shares surge 27% to close at $ 49.97 Strong response to Musk poll on edit button April 4 (Reuters) – Tesla Inc (TSLA.O) boss Elon Musk on Monday disclosed a 9.2% stake in Twitter Inc (TWTR.N), worth nearly $ 3 billion, making him the micro-blogging site’s largest … Read more

China sends military, doctors to Shanghai to test 26 million residents for COVID

Shanghai reports 9,006 symptomatic and asymptomatic cases for April 3 City launches largest public health response since virus emerged Citizens complain of unsanitary conditions in quarantine centers SHANGHAI, April 4 (Reuters) – China has sent the military and thousands of healthcare workers into Shanghai to help carry out COVID-19 tests for all of its 26 … Read more

Shanghai tightens COVID lockdown on second day of curbs

SHANGHAI, March 29 (Reuters) – China’s most populous city tightened the first phase of a two-stage COVID-19 lockdown on Tuesday, asking some residents to stay indoors unless they are getting tested as the number of new daily cases exceeded 4,400. The financial hub of Shanghai, home to 26 million people, is in its second day … Read more

Inside China’s electric drive for swappable car batteries

DETROIT / BEIJING, March 25 (Reuters) – A year ago Tesla dismissed the alternative path of electric car battery swapping as “riddled with problems and not suitable for widescale use”. It seems Beijing disagrees. In fact, China is pushing hard for swappable batteries for electric vehicles (EVs) as a supplement to regular vehicle charging, with … Read more