Author: Grace Johnson

Elon Musk, the world’s richest man, could move closer to becoming the first trillionaire. Tesla’s board introduced a new pay package designed to secure his attention on the electric carmaker during turbulent times. The plan grants Musk massive stock awards if Tesla achieves record-breaking growth in market value. His earlier agreement looked impossible at first but Tesla hit its goals faster than expected. The trillion-dollar pathway The deal could hand Musk 423.7 million Tesla shares, worth $143.5 billion today. But the reward depends on Tesla’s performance. The company must climb to $8.5 trillion in market capitalization for Musk to claim…

Jaguar Land Rover has ordered staff to stay home until Tuesday as it deals with the effects of a cyber attack. The breach over the weekend forced the company to shut down vital IT systems. That action disrupted production lines and vehicle sales. Factories in Halewood, Solihull, and Wolverhampton remain closed. Managers say operations may stay suspended longer while the crisis is assessed. sales and systems under strain Car sales have been heavily disrupted, though some transactions still went ahead, according to people close to the situation. Jaguar Land Rover, owned by India’s Tata Motors, turned off systems on Sunday…

Donald Trump has turned to the US Supreme Court to defend his tariff measures. He wants the justices to overturn a ruling that declared his wide-ranging duties illegal. Power struggle with Congress The administration filed its petition on Wednesday night. It urges the court to decide quickly if a president can impose tariffs without congressional approval. Last week, the Federal Circuit Court of Appeals ruled 7-4 against Trump. The judges said the power to set tariffs rests solely with Congress. Threat to economic agenda The case could derail Trump’s trade and foreign policy strategy. It might also force the government…

The US government’s antitrust case against Google’s dominance in search has drawn intense international attention. Not since Microsoft stood trial in 1998 has Big Tech faced such pressure. A year after Judge Amit Mehta ruled Google a monopolist, he introduced remedies that some describe as weak while others argue they may still have impact. Google keeps Chrome and Android intact During the remedies phase, many anticipated a potential breakup. Judge Mehta rejected demands to spin off Chrome, the world’s most popular browser. The Justice Department also pushed for oversight of Android to stop it from bolstering Google’s search and advertising…

Gold has climbed to its highest level ever as investors look for safety in uncertain times. On Tuesday morning, the spot price reached $3,508.50 per ounce. The rally has pushed the metal up by nearly a third this year. Tariffs and politics fuel demand Gold often strengthens when confidence in the global economy falters. Earlier this year, prices jumped after President Donald Trump imposed wide-ranging tariffs. The measures unsettled global trade and increased appetite for secure assets. Analysts also expect the US central bank to cut interest rates, making gold even more attractive. Adrian Ash, research director at BullionVault, said…

Shares of Chinese electric vehicle maker BYD dropped by as much as 8% on Monday. The fall came after the company posted disappointing results, hit by a price war that continues to grip the industry. Quarterly results reveal steep losses On Friday, BYD reported net profit of 6.4bn yuan ($900m; £660m) for April to June. That marked a 30% decline compared with the same period last year. The company admitted that intensifying price competition has dragged down the entire EV sector. Rivals fight for market share The Shenzhen-based automaker faces fierce rivalry from Nio, XPeng, and Tesla. All have cut…

Beer sales in Germany continue to fall, but alcohol-free options are thriving. According to the federal statistics office, sales of non-alcoholic beer have increased by 109 percent since 2013. Meanwhile, overall beer sales have dropped to their lowest level in more than three decades. For the first time, sales sank below four billion liters in a half-year period. From January to June 2025, German breweries sold around 3.9 billion liters. That marks a decrease of 6.3 percent, or 262 million liters, compared with the same period in 2024. breweries react to changing demand Erdinger brewery near Munich has been producing…

A US appeals court has ruled that most tariffs introduced by Donald Trump were illegal. The decision strikes at the core of his trade policy and sets up a likely battle before the Supreme Court. The judgement applies to Trump’s “reciprocal” tariffs placed on dozens of countries. It also covers levies aimed at China, Mexico and Canada. Judges dismiss Trump’s defence In a 7-4 ruling, the US Court of Appeals for the Federal Circuit rejected Trump’s legal reasoning. The judges declared the tariffs “invalid as contrary to law”. They dismissed his argument that the International Emergency Economic Powers Act granted…

The United States has ended a long-standing tariff exemption that supported global trade in low-cost goods. From Friday, imports worth $800 or less will no longer enter duty-free and will face stricter customs checks. The change will affect millions of packages daily. In 2023, nearly 1.4 billion parcels entered the US duty-free under the de minimis exemption, worth more than $64bn. Experts warn the shift will hit small businesses hardest. Shoppers should prepare for higher prices and fewer choices until markets adjust. “I’ve reached the point of acceptance, but when I first heard the news, I thought it might be…

Nvidia continues to accelerate as demand for artificial intelligence rises, though global political frictions pose serious challenges. On Wednesday, the chipmaker reported $46.7bn (£34.6bn) in second-quarter revenue, a 56% increase compared with the same period in 2024. Despite the strong numbers, its shares fell in after-hours trading after executives admitted the company was still “working through geopolitical issues”. Nvidia remains heavily exposed to trade disputes between Washington and Beijing. Shifting US policies under the Trump administration, aimed at preserving America’s lead in artificial intelligence, add more uncertainty for the company. Strong appetite for AI chips Nvidia’s processors are at the…