Musk’s paid for verification is a joke fit for April Fool’s day as it commodotizes security April 4, 2023 William Shatner and Monica Lewinsky are not two people you would automatically place together, but surprisingly Twitter’s new approach to verification has united the two on a single cause.
China’s BYD nears deal to supply London’s electric double decker buses May 19, 2024 Chinese automaker BYD is closing in on a deal that would see it supply all-electric double decker buses in London.
Worst corporate jargon of the week: Fireside chat November 16, 2023 Offender: Fireside chat What does it mean? Largely unclear but denotes some kind of informal chat. There is no fire involved. The term originated with President Roosevelt, who gave a series of evening radio addresses between 1933 and 1944 designed to provide assurance and familiarity to Americans during the fallout from the Great Depression. Its [...]
EU set to launch internet satellite system moving away from Chinese dependency February 15, 2022 The EU is gearing up to launch its own satellite internet system to keep up with the likes of Amazon and Elon Musk owned SpaceX, removing European reliance on Chinese-built infrastructure.
Musk calls for the US government to scrap EV subsidies December 7, 2021 Celebrity entrepreneur Elon Musk has called out a proposed $2tn (£1.5tn) spending package to support electric vehicles as unnecessary.
Musk’s $44bn u-turn on Twitter hits City advisor fees hard July 14, 2022 Twitter and Elon Musk’s financial advisors could lose big bucks after the eccentric entrepreneur walked away from the $44bn mega deal. According to an earlier regulatory filing, the social media firm’s financial advisors Goldman Sachs and JP Morgan Chase could have nabbed fees totalling to $133m, while Refinitiv suggested that Morgan Stanley and the other [...]
Tesla misses delivery targets by over 60,000 cars as growth grinds to a halt April 2, 2024 Tesla missed the consensus Wall Street estimate of 449,080 deliveries by more than 62,000, its largest margin to date.
Fast fashion retailer Shein hits $100bn valuation with fresh funding round April 6, 2022 Fast-fashion giant Shein has hit a $100bn valuation this week after a fresh funding round, making it the third most valuable startup in the world after Elon Musk’s SpaceX and ByteDance.
Worst corporate jargon of the week: Blue sky thinking March 28, 2024 City A.M.'s stand against corporate jargon this week takes aim at blue sky thinking, domain of self-help gurus who we'd rather see on Mars.
UK taxpayer faces £200m loss from bailout of Oneweb December 27, 2023 The UK taxpayer faces a £200m loss from the government's decision to bailout satellite-internet company Oneweb.