The Ford Foundation will commit $80 million over the next five years to work that strengthens nonprofits fighting against authoritarian regimes. Such groups are struggling in the face of governments that are restricting the right to protest, hobbling nonprofit organizations with an avalanche of bureaucratic requirements meant to stymie their effectiveness, and threatening the safety…
Elon Musk’s monthslong tussle with Twitter took another twist this week when the Tesla billionaire seemed to return to where he started in April — offering to buy the company for $44 billion. But it’s not over yet. Twitter says it intends to close the deal at the agreed-upon price, but the two sides are…
WILMINGTON, Del (Reuters) – Elon Musk attorney Alex Spiro was unaware of a Twitter Inc whistleblower before his allegations became public on Aug. 23 and Spiro took no action regarding an anonymous May 6 email claiming to be from a former Twitter employee, according to a Wednesday court filing. (Reporting by Tom Hals in Wilmington,…
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose on Wednesday to three-week highs, as OPEC+ agreed to its deepest cuts to production since the 2020 COVID pandemic, despite a tight market and opposition to cuts from the United States and others. Prices also rose on U.S. government data that showed crude and fuel inventories…
By Sheila Dang (Reuters) – Why is Elon Musk suddenly thinking about creating an “everything app,” and what does that even mean? The question arose on Tuesday after the billionaire chief executive of Tesla Inc reversed course on his earlier decision not to buy Twitter Inc. Musk is now willing to proceed with his original…
By Stephanie Kelly and Jarrett Renshaw NEW YORK (Reuters) -The U.S. Environmental Protection Agency is expected to propose that electric vehicles be eligible for renewable fuel credits in an upcoming proposal on biofuel blending mandates, three sources familiar with the matter said. The inclusion of electric vehicles into the federal Renewable Fuel Standard (RFS) would…
ABUJA, Nigeria (AP) — A Nigerian advertising regulator has sued Meta, accusing the owner of Facebook and WhatsApp of publishing unauthorized ads and seeking a 30 billion naira ($70 million) fine. The lawsuit filed in a local court by the Advertising Regulatory Council of Nigeria, or ARCON, is the regulator’s latest action that analysts say…
Tyson Foods will relocate around 1,000 corporate positions from the Chicago area as well as South Dakota to its headquarters in Springdale, Arkansas. One of the world’s largest meat producers said Wednesday that corporate staff at its Chicago and Downers Grove, Illinois, locations and Dakota Dunes, South Dakota, office will begin relocating early next year….
By Nivedita Balu and Akash Sriram (Reuters) – Elon Musk’s change of heart over his buyout deal for Twitter Inc was greeted with a wave of price target boosts on the social media company’s stock, although Tesla investors feared that the billionaire was spreading himself too thin. Musk, who sold over $15 billion worth of…
By John O’Donnell and Francesco Canepa FRANKFURT (Reuters) – Turmoil in markets has triggered alarm over how banks will cope, with regulators warning they could repeat some of the mistakes that led to the financial crisis more than a decade ago. Watchdogs are concerned that recent big swings in asset prices could compound the pressure…
