Enterprise

Elon Musk ‘Lied’ With Tesla Privatisation Tweet, Alleges Attorney

Trial begins in San Francisco between Elon Musk and Tesla shareholders over his controversial “privatisation” tweet in 2018

2 years ago

FTX Claims $415m Crypto Was Hacked

FTX has now identified roughly $5.5 billion worth of digital assets for recovery, but said $415m has been hacked

2 years ago

Twitter Auctions Off Office Furniture, Fixtures And Fittings

Surplus to requirements or cost cutting? Elon Musk is selling office furniture, coffee machines, and even statue of famous bird…

2 years ago

Britishvolt Calls In Administrators, After Months Of Struggle

Despite staff at battery start-up Britishvolt in Northumberland taking a pay cut last year, the firm has now filed for…

2 years ago

Bank of England Governor Questions Need For Digital Pound

Not surprising. Crypto critic and Bank of England Governor Andrew Bailey questions need for a digital pound

2 years ago

Tim Cook Agrees To Huge Pay Cut

Apple acts on Tim Cook's recommendation and severely reduces his salary, but the CEO will still take home nearly $50…

2 years ago

ARM London Listing Sought By PM Rishi Sunak – Report

British government reportedly makes fresh attempt to convince ARM owner Softbank for public listing in London

2 years ago

Elon Musk Breaks World Record For Loss Of Personal Fortune

But will he care?. Largest ever loss of a personal fortune by Elon Musk has been confirmed by Guinness World…

2 years ago

FTX Recovers $5bn In ‘Liquid’ Assets

Potential good news for customers, as lawyers for FTX say at least $5 billion of liquid assets have been recovered

2 years ago

Tesla Seeks $776m Expansion Of Texas Gigafactory

After China factory issues, application is filed to expand Tesla gigafactory in Texas, costing hundreds of millions of dollars

2 years ago

UK Mulls Cryptocurrency Version Of Sterling

Government minister confirms UK is progressing a digital pound, following similar digital currency moves in India, Taiwan and elsewhere

2 years ago

US Bank Silvergate Covers $8bn In Crypto Withdrawals

US bank Silvergate hit by more than $8 billion in customer crypto withdrawals in late 2022 amidst 'rapid changes' in…

2 years ago

FTX’s Sam Bankman-Fried Pleads Not Guilty To Fraud Charges

Faced a possible 115 years in prison, FTX's Sam Bankman-Fried pleads not guilty to fraud charges, as trial is slated…

2 years ago

Apple Market Value Drops Below $2 Trillion

Share price decline continues in 2023 as Apple's market value slips below $2 trillion, after it was the first to…

2 years ago

South Korea Looks To Expand Tax Cuts For Chip Firms

South Korean government wants to expand capex tax cuts for chip companies to as high as 25 percent in revision…

2 years ago

Musk Tells Tesla Staff To Ignore Share Price Decline

After 70 percent decline in Tesla share price, Elon Musk tells employees not to be “bothered by stock market craziness”

2 years ago

Cyber-Attacks Set To Become ‘Uninsurable’, Warns Insurance Boss

Chief executive of Zurich Insurance warns that cyber-attacks, rather than natural disasters, will quickly become “uninsurable”

2 years ago

FTX Customer Lawsuit Seeks Recovery Of Digital Assets

Class action lawsuit filed by FTX customers against failed crypto exchange and its arrested former CEO Sam Bankman-Fried

2 years ago

Infineon CEO Eyes Acquisition Targets – Report

Head of Infineon says German chip maker is ready to spend billions of euros on acquisitions, in a number of…

2 years ago

FTX’s Sam Bankman-Fried Released On $250m Bail, To His Parents

Sam Bankman-Fried has been freed on $250m, but must remain under strict supervision at parents’ California home

2 years ago

Gamers Sue Microsoft To Halt Activision Purchase

Software giant Microsoft faces fresh legal action in US courts to halt its $69bn acquisition of Activision Blizzard

2 years ago

Two Bankman-Fried Associates Plead Guilty To Fraud

FTX founder Sam Bankman-Fried arrives in America and is expected in court, as two former associates plead guilty to fraud…

2 years ago

Hundreds Of Former Twitter Staff File Complaints

Twitter this week is being accused by 100 former staff members of a variety of legal violations including targeting women…

2 years ago

EU Begins ‘In-Depth Investigation’ Into $61bn Broadcom-VMware Buy

European Commission follows the UK's CMA and opens “an in-depth investigation” into Broadcom’s acquisition of VMware

2 years ago

Bitcoin Miner Core Scientific Files For Chapter 11

One of the largest publicly traded crypto mining companies in the US, Core Scientific, is filing for Chapter 11 bankruptcy…

2 years ago

Elon Musk To Quit As Twitter CEO, Seeks ‘Foolish Enough’ Replacement

Search for new CEO of Twitter begins, but Elon Musk confirms he will remain in charge of software and server…

2 years ago

Binance Founder Reassures After $1 Billion Withdrawn In A Day

Founder Changpeng Zhao admits “stress test” after more than a billion dollars is pulled out of Binance in a single…

2 years ago

US SEC Charges FTX Sam Bankman-Fried With Fraud

Sam Bankman-Fried is accused by US authorities of defrauding investors after regulators called FTX “a house of cards”

2 years ago

FTX Founder Sam Bankman-Fried Arrested In Bahamas

Former CEO and founder of collapsed crypto exchange FTX is arrested after the United States files charges against him

2 years ago

TerraUSD’s Do Kwon In Serbia, South Korea Says

South Korean authorities say Do Kwon, co-founder of failed TerraUSD cryptocurrency, has fled arrest warrant and is in Serbia

2 years ago