Tag: EMRG
Tesla's Elon Musk found not liable in trial over 2018 'funding secured' tweets
A U.S. jury on Friday found Tesla Inc CEO Elon Musk and his company were not liable for misleading investors when Musk tweeted in 2018 that he had "funding secured" to take the electric car company private.
Lebanon devalues official exchange rate by 90%
Lebanon devalued its official exchange rate for the first time in 25 years on Wednesday, weakening it by 90% but still leaving the local currency well below its market value.
Musk bullish on Tesla sales as price cuts boost demand
Tesla Inc's aggressive price cuts have ignited demand for its electric vehicles, Chief Executive Elon Musk said on Wednesday, playing down concerns that a weak economy would throttle buyers' interest.
WHO urges 'immediate action' after cough syrup deaths
The World Health Organization has called for "immediate and concerted action" to protect children from contaminated medicines after a spate of child deaths linked to cough syrups last year.
Pakistan scrambles to restore power after second major grid breakdown in months
Pakistan's government said it was scrambling to restore power to millions of people on Monday after a breakdown in the grid triggered the worst electricity outage in months and highlighted the weak infrastructure of the heavily indebted nation.
Brazil and Argentina to discuss common currency
Brazil and Argentina aim for greater economic integration, including the development of a common currency, Brazilian President Luiz Inacio Lula da Silva and Argentine leader Alberto Fernandez said in a joint article they penned.
U.S. officials advise Ukraine to wait on offensive, official says
Senior U.S. officials are advising Ukraine to hold off on launching a major offensive against Russian forces until the latest supply of U.S. weaponry is in place and training has been provided, a senior Biden administration official said on Friday.
Hundreds evacuated as blaze erupts in slum next to Seoul's posh Gangnam district
Fire swept through part of a shanty town in the South Korean capital, Seoul, on Friday, destroying 60 homes, many constructed from cardboard and wood, and forcing the evacuation of around 500 people.
China's first population drop in six decades sounds alarm on demographic crisis
China's population fell last year for the first time in six decades, a historic turn that is expected to mark the start of a long period of decline in its citizen numbers with profound implications for its economy and the world.
Microsoft faces EU antitrust warning over Activision deal - sources
Microsoft is likely to receive an EU antitrust warning about its $69 billion bid for "Call of Duty" maker Activision Blizzard , people familiar with the matter said, that could pose another challenge to completing the deal.
China's COVID spike not due to lifting of restrictions, WHO director says
Cases were exploding in China well before the government's decision to abandon its strict "zero-COVID" policy, the director said, quashing suggestions that the sudden reversal caused a spike.
'Tough times': Warnings sound over China's rapid 'zero-COVID' exit
A week after China began dismantling its tough 'zero-COVID' controls, the World Health Organization warned of "very tough" times ahead and state media reported some seriously ill patients at hospitals in Beijing, raising fears of a wave of infections.
China medical expert says COVID has mutated, should be renamed - state media
China should change its official name for COVID-19 to reflect the virus' mutation, and patients with light symptoms should be allowed to quarantine at home, a leading authority on traditional Chinese medicine was quoted as saying on Wednesday.
Elon Musk says 'I have too much work on my plate'
Billionaire Elon Musk said on Monday he was working "at the absolute most amount...from morning til night, seven days a week" when asked about his recent acquisition of Twitter and his leadership of automaker Tesla Inc .
Xi tells Scholz China, Germany should step up cooperation in turbulent times
Chinese President Xi Jinping on Friday touted the need for greater cooperation between China and Germany amid "times of change and turmoil" in a meeting with Chancellor Olaf Scholz, the first G7 leader to visit China since the pandemic began.