By Barbara Ortutay and Michael Liedtke May 26, 2022 — 11.26am Tesla CEO Elon Musk on Wednesday revised the financing plan for his proposed $US44 billion ($62 billion) purchase of Twitter, raising investor hopes that the unpredictable billionaire still intends to pull off a deal roiled by market turbulence and his not-entirely-explicable concerns about the […]

Former tech darling Appen has confirmed that it’s in play. The AI providers supplier’s board has engaged with Telus International after the Canadian tech group approached it with a $1.2 billion indicative offer. The firm additionally launched an replace stating that income for the year-to-date is under final 12 months and earnings will take successful. […]

Workers in the office feel less connected than those working from house, study finds By Jo Constantz May 25, 2022 — 9.41am CEOs hellbent on getting employees again in the office say that being bodily collectively boosts connectivity. Turns out that’s not the case. Only one in six folks feel strongly connected at work, with […]

Electricity bills for a whole lot of 1000’s of Australian households will rise by $100 or extra a yr as customers start to really feel the pinch from hovering fossil gasoline costs pushing up the price of energy era throughout the energy community. Intensifying cost-of-living pressures whereas inflation stays at a two-decade excessive, a call […]

Australia’s coal and gas exporters may face greater hurdles to develop new tasks and stricter emissions limits below the Albanese authorities, however analysts are usually not anticipating drastic coverage modifications as Labor vows it is not going to buckle to strain from the Greens. While Labor has dedicated to supporting new tasks throughout the nation’s […]

By Sarah Frier and Kurt Wagner May 25, 2022 — 7.48am Snap plunged 43 per cent, posting its biggest-ever one-day drop and dragging down social media friends, after the corporate lower its income and revenue forecasts, blaming the weaker financial outlook for a sudden slowdown of its promoting enterprise. “We continue to face rising inflation […]

By Paul Krugman May 26, 2022 — 8.30am Last week, Stuart Kirk, the pinnacle of accountable investing (!) for HSBC’s asset administration division, gave a chat titled “Why investors need not worry about climate risk,” wherein he declared that it’s no massive deal: “Who cares if Miami is 6 metres underwater in 100 years? Amsterdam […]

By Scott Carpenter May 26, 2022 — 6.45am The household workplace of billionaires Cameron and Tyler Winklevoss will function a take a look at case for the endurance of crypto startups after TerraUSD’s collapse and as rates of interest and recession fears rise. Through Winklevoss Capital Management, the 40-year-old twins have investments in crypto startups […]

By Brian Chappatta May 25, 2022 — 6.42am Billionaire George Soros warned that Russia’s invasion of Ukraine has rattled Europe and could possibly be the beginning of one other world battle. “Other issues that concern all of humanity – fighting pandemics and climate change, avoiding nuclear war, maintaining global institutions – have had to take […]

By Damian Troise and Alex Veiga May 25, 2022 — 5.19am Stocks on Wall Street gave up extra floor Tuesday amid mounting worries that persistently excessive inflation will dim company income. The S&P 500 fell 0.8 per cent, whereas the Nasdaq dropped 2.3 per cent. The Dow Jones Industrial Average eked out a 0.2 per […]