Author: ALJAZEERA

The electric carmaker had unveiled chief Elon Musk’s proposed $1 trillion compensation plan in September.Published On 17 Oct 202517 Oct 2025Click here to share on social mediashare2ShareTesla’s proposed $1 trillion pay package for CEO Elon Musk has come under renewed scrutiny after proxy adviser Institutional Shareholder Services (ISS) urged investors to vote against what could be the largest compensation plan ever awarded to a company chief.ISS’s comments on Friday marks the second consecutive year that it has urged shareholders to reject a compensation plan for Musk.Recommended Stories list of 4 itemsend of listProxy advisers often sway major institutional investors, including…

United States President Donald Trump has claimed that India has agreed to stop buying Russian oil, as Washington seeks to pressure Russia to end its war in Ukraine by cutting off the Kremlin’s vital energy revenues. Trump had said he would try to persuade China to do the same.The US president told reporters on Wednesday that he had received assurances from Prime Minister Narendra Modi that India would halt its oil purchases “within a short period of time”. India and China are the two biggest buyers of Russian seaborne crude exports.Recommended Stories list of 4 itemsend of listTrump has sought…

Stellantis announced a $13bn investment in the US, which will see production of the Jeep Compass move to the US from Canada.Published On 15 Oct 202515 Oct 2025Click here to share on social mediashare2ShareCanada has threatened legal action against carmaker Stellantis NV over what Ottawa says is the company’s unacceptable plan to shift production of one model to a United States plant.On Wednesday, Minister of Industry Melanie Joly sent a letter to Stellantis CEO Antonio Filosa noting that the company had agreed to maintain its Canadian presence in exchange for substantial financial support.Recommended Stories list of 4 itemsend of list“Anything…

United States President Donald Trump has pledged to boost Argentina’s economy with a $20bn currency swap — but only if the South American country’s right-wing president prevails in the upcoming elections.That president, the self-described anarcho-capitalist Javier Milei, was in Washington, DC, on Tuesday for his latest visit to the White House.Recommended Stories list of 3 itemsend of list“We think he’s going to win. He should win. And if he does win, we’re going to be very helpful,” Trump said.“And if he doesn’t win, we’re not going to waste our time, because you have somebody whose philosophy has no chance of…

China tightened export controls for critical rare-earth metals on Thursday.The new restrictions, announced by the Ministry of Commerce, come in advance of an expected meeting between United States President Donald Trump and his Chinese counterpart, Xi Jinping, later this month.The world’s two largest economies have been locked in trade negotiations aimed at calming tensions, after their tit-for-tat tariffs against each other earlier this year, before agreeing to pull back some of those duties.Rare-earth metals are one of China’s major levers of influence with the US.What has China announced?In “announcement number 61 of 2025”, China said it was increasing export controls…

US President Donald Trump has said that he will place a 100 percent tariff on Chinese exports to the United States, in an escalatory move that could set off a blistering trade war between the world’s two largest economies.Trump said on Friday that he would ratchet up duties on Chinese goods and impose new export controls on “any and all critical software”, a move that appears to be targeted at China’s tech sector. His announcement follows a series of recent export controls on rare earth metals, imposed by China ahead of upcoming trade talks with the US.Recommended Stories list of…

The administration of United States President Donald Trump has announced that it started laying off federal employees as the government shutdown grinds on, despite questions about Trump’s legal authority to do so.In a terse statement on Friday, US Office of Management and Budget Director Russell Vought said that the government was moving forward with “reduction-in-force” plans or RIFs to slash the workforce.Recommended Stories list of 3 itemsend of list“RIFs have begun,” Vought wrote in a social media post.Citing anonymous sources in the administration, the news outlet Politico reported that the agencies affected include the departments of the Interior, Homeland Security,…

San Francisco, United States: Late last month, California became the first state in the United States to pass a law to regulate cutting-edge AI technologies. Now experts are divided over its impact.They agree that the law, the Transparency in Frontier Artificial Intelligence Act, is a modest step forward, but it is still far from actual regulation.Recommended Stories list of 4 itemsend of listThe first such law in the US, it requires developers of the largest frontier AI models – highly advanced systems that surpass existing benchmarks and can significantly impact society – to publicly report how they have incorporated national…

New York Attorney General Letitia James, a longtime foe of US President Donald Trump, has been indicted for bank fraud, the Reuters news agency has reported, citing a person familiar with the matter, as the administration seeks to use government power against those who have pursued investigations into Trump or publicly resisted his agenda.Reuters and The Associated Press reported the development on Thursday.James was indicted in the Eastern District of Virginia on one count after a mortgage fraud investigation, AP said, citing an unnamed source. The James case remained under seal on Thursday, making it impossible to assess what evidence…

The electric automaker’s new model comes as part of efforts to address slumping sales.Published On 7 Oct 20257 Oct 2025Click here to share on social mediashare2ShareTesla unveiled more affordable versions of its best-selling Model Y SUV and its Model 3 sedan at $39,990 and $36,990, respectively, as the electric vehicle (EV) manufacturer seeks to reverse falling sales and waning market share amid rising competition.The EV maker announced its new models on Tuesday.Recommended Stories list of 4 itemsend of listChief Executive Elon Musk has for years promised mass-market vehicles, though last year he cancelled plans to build an all-new $25,000 EV.Late…