Musk must now convince the courts on his Tesla pay package

Reuters
Modi's govt calls on Indian state to look into Reuters report on Foxconn hiring
Indian Prime Minister Narendra Modi's government on Wednesday said it has asked the Tamil Nadu state to submit a "detailed report" after a Reuters story revealed that Apple supplier Foxconn rejected married women from iPhone assembly jobs in the country. In a statement calling for the probe, the federal government's Ministry of Labour and Employment cited the Equal Remuneration Act of 1976, saying the law "clearly stipulates that no discrimination (is) to be made while recruiting men and women workers." The ministry said it has requested a detailed report from the Labour Department of Tamil Nadu, site of a major iPhone factory where Reuters uncovered Foxconn’s practice of shunning married women from jobs.
MediaOutReach
Tencent Consolidates Singapore Office By Moving To TWP’s CapitaSky Coworking Space
SINGAPORE - Media OutReach Newswire - 27 June 2024 - Chinese tech giant Tencent has consolidated its Singapore office, relocating from 30 Raffles Place to a new flexible working space managed by The Work Project (TWP) at CapitaSky — a 29-storey tower in the Central Business District (CBD). Tencent Consolidates Singapore Office By Moving To TWP’s CapitaSky Coworking Space New Singapore Office Consolidates Tencent Workforce in Prime CBD Location The move, completed in the first week of June 2024 f
South China Morning Post
Tech war: dreams die for bankrupt Chinese semiconductor start-up Woodson
The recent collapse of Woodson, a Shanghai-based semiconductor start-up that went bankrupt, is the latest example of how China's efforts to build local alternatives to the world's most advanced chips can fail. Woodson, whose main entity is Shanghai Wusheng Semiconductor Group, was liquidated, according to a notice released on June 6 by the city's Pudong New Area People's Court. That marked the end for the firm, which was once an emerging star in China's semiconductor industry. Do you have questi
Reuters
Biden awards up to $75 million in CHIPS Act grant to Entegris
"We’re not just bringing leading-edge chip technology and (factories) to the United States, we’re also bolstering the suppliers that make leading-edge manufacturing possible,” U.S. Secretary of Commerce Gina Raimondo said in a statement. Congress in 2022 approved the Chips and Science Act to boost domestic semiconductor output with $52.7 billion in research and manufacturing subsidies. According to the Commerce Department, the project's first phase would support the production of liquid filter membranes and Front Opening Unified Pods (FOUPS), specialized containers invented by Entegris to secure semiconductor wafers when transported during the manufacturing process.
Sky News
Post Office Horizon expert admits seeing legal advice on trial obligations and defends Fujitsu's remote access
A key figure behind the flawed IT system that led to hundreds of sub-postmasters being wrongly jailed has told the Post Office inquiry he had "not remembered" legal advice he was given about his obligations as an expert witness. Former senior Fujitsu engineer Gareth Jenkins was crucial in the prosecutions process because he was one of the architects of the Horizon accounting systems and one of a few people to have extensive knowledge of their workings. The letter, which related to the Post Office prosecution of postmaster Lee Castleton, was written four years before Mr Jenkins was presented as an expert witness in the case of Seema Misra, who was wrongfully sentenced to 15 months in prison while pregnant in 2010.
GOBankingRates
5 Lucrative Side Hustles That Can Make You Six Figures
Making six figures from a side job might sound like a dream come true, but it's a reality for some people. These folks have figured out a path to a great income that doesn't involve a typical 9 to 5,...
The Telegraph
Volkswagen to invest $5bn in Tesla electric car rival
Volkswagen has announced plans to invest up to $5bn (£3.9bn) in US electric carmaker Rivian, as manufacturers rethink their strategies amid uncertain demand.
The Edge Singapore
Prudential Singapore to get new CEO in September
Chan San San is appointed CEO of Prudential SIngapore, reporting to Dennis Tan, MD of Strategic Business Group, a regional role
Reuters
Factbox-Companies forging a rare earths industry in the EU
In the rare earths sector, the EU will struggle to meet most of its ambitious goals in new legislation designed to boost domestic output of critical minerals and reduce dependence on China. Below are some key companies working on rare earths, with production figures in metric tons per year. Neodymium and praseodymium (referred to in the industry by their joint elemental abbreviation, NdPr) are key rare earths needed to make permanent magnets.
Reuters
Toyota's May global output slides with marked decline in China
Toyota's global production slid for a fourth straight month in May from a year earlier on lower output in many overseas markets, with the decline in China, where local brands have become much more competitive, particularly sharp. In China, production fell 22%. The Japanese automaker also had lower production in markets such as Thailand, Mexico, Brazil and France although the U.S. and Japan saw output grow.
SmartAsset
Ask an Advisor: We Have $1.25M in Retirement Savings and Need to Withdraw $50k Per Year. How Should We Invest it?
We have $250,000 in the bank and one million to invest for retirement with no debt. We need to earn $50,000 a year from the million. Where should I invest it? -Rob First, congratulations on saving $1 million for your retirement – I'm sure a lot of hard work has gone into this! You have […] The post Ask an Advisor: We Have $1.25M in Retirement Savings and Need to Withdraw $50k Per Year. How Should We Invest it? appeared first on SmartReads by SmartAsset.
Reuters
Zeekr's sales jump as Chinese dominate Russian EV market
Sales of Zeekr electric vehicles have shot up in Russia in the last year, putting Chinese carmakers ahead of local competition in Russia's small but rapidly expanding electric vehicle (EV) sector. Chinese carmakers have already seized more than half of Russia's car market since Western competitors pulled out, taking their technology and know-how with them, after Moscow sent troops into Ukraine in February 2022. Governments in Europe and the United States are growing increasingly wary of Chinese dominance in the EV sector but Russia, rather than imposing tariffs, is embracing Chinese brands across all automobile sectors to prop up its car industry.
Investing.com
Oil prices settle higher, but gains capped by surprise inventory build, dollar
Investing.com-- Oil prices settled slightly higher Wednesday, though gains were capped by unexpected build in U.S. inventories and a stronger dollar.
GOBankingRates
I’m a Financial Expert: Here are 7 Things Boomer Entrepreneurs Need to Know About Starting a Business
There are various reasons why someone may want to start a business in their golden years. Perhaps they're retired and miss the workforce. Maybe they've always nurtured a passion for entrepreneurship...
Associated Press
The Supreme Court strips the SEC of a critical enforcement tool in fraud cases
The Supreme Court on Thursday stripped the Securities and Exchange Commission of a major tool in fighting securities fraud in a decision that also could have far-reaching effects on other regulatory agencies. The justices ruled in a 6-3 vote that people accused of fraud by the SEC, which regulates securities markets, have the right to a jury trial in federal court. The in-house proceedings the SEC has used in some civil fraud complaints, including against Houston hedge fund manager George Jarkesy, violate the Constitution, the court said.
South China Morning Post
Huawei smartphone sales see biggest growth in 618 shopping festival, but Apple stays ahead
Huawei Technologies has emerged as the big winner in China's smartphone market for the recently-concluded midyear 618 shopping festival with the biggest jump in sales and the smallest discounts, according to the latest data from Counterpoint Research. Huawei sales jumped 42.4 per cent during the one-month 618 sales period that started May 20, according to Counterpoint, which attributed the rise to continued strong demand for the company's latest handsets, including those from the Mate 60 and Pur
HuffPost
Supreme Court Limits Ability Of SEC To Issue Fines
The decision against the Securities and Exchange Commission could have consequences for other regulators that punish corporate wrongdoing.
Investing.com
Oil prices settle higher on supply disruption jitters amid geopolitical tensions
Investing.com -- Oil prices settled higher Thursday as rising Middle East tensions stoked worries about global supplies disruptions, overshadowing data from a day earlier showing a surprise build in U.S. inventories.
Reuters
Oil settles slightly up as global supply risks offset US demand concerns
NEW YORK (Reuters) -Oil prices settled slightly higher on Wednesday despite a surprise jump in U.S. gasoline supplies, as investors worried that a potential expansion of the Gaza war could disrupt crude supplies from the Middle East. Brent crude futures rose 24 cents, or 0.3%, to settle at $85.25 per barrel. U.S. West Texas Intermediate crude futures settled 7 cents higher at $80.90 a barrel.
Simply Wall St.
3 Leading Dividend Stocks In India With Yields Up To 3.5%
In the past year, India's market has shown robust growth with a 46% increase, despite a flat performance in the last week. In this context of promising earnings growth forecasted at 16% annually, dividend stocks can be particularly appealing for investors seeking both stability and steady income.

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Musk must now convince the courts on his Tesla pay package

Latest stories

Modi's govt calls on Indian state to look into Reuters report on Foxconn hiring

Tencent Consolidates Singapore Office By Moving To TWP’s CapitaSky Coworking Space

Tech war: dreams die for bankrupt Chinese semiconductor start-up Woodson

Biden awards up to $75 million in CHIPS Act grant to Entegris

Post Office Horizon expert admits seeing legal advice on trial obligations and defends Fujitsu's remote access

5 Lucrative Side Hustles That Can Make You Six Figures

Volkswagen to invest $5bn in Tesla electric car rival

Prudential Singapore to get new CEO in September

Factbox-Companies forging a rare earths industry in the EU

Toyota's May global output slides with marked decline in China

Ask an Advisor: We Have $1.25M in Retirement Savings and Need to Withdraw $50k Per Year. How Should We Invest it?

Zeekr's sales jump as Chinese dominate Russian EV market

Oil prices settle higher, but gains capped by surprise inventory build, dollar

I’m a Financial Expert: Here are 7 Things Boomer Entrepreneurs Need to Know About Starting a Business

The Supreme Court strips the SEC of a critical enforcement tool in fraud cases

Huawei smartphone sales see biggest growth in 618 shopping festival, but Apple stays ahead

Supreme Court Limits Ability Of SEC To Issue Fines

Oil prices settle higher on supply disruption jitters amid geopolitical tensions

Oil settles slightly up as global supply risks offset US demand concerns

3 Leading Dividend Stocks In India With Yields Up To 3.5%