Elon Musk briefly loses title as world’s richest person to LVMH’s Arnault – Forbes

Elon Musk briefly loses title as world’s richest person to LVMH’s Arnault – Forbes

Dec 7 (Reuters) – Twitter owner and Tesla (TSLA.O) boss Elon Musk briefly lost his title as the world’s richest person on Wednesday, according to Forbes, following a steep drop in the value of his stake in the electric-car maker and a $44 billion bet on the social media firm. Bernard Arnault, the chief executive … Read more

Sister of Iran’s leader condemns his rule, urges Guards to disarm – letter

Sister of Iran’s leader condemns his rule, urges Guards to disarm – letter

DUBAI, Dec 7 (Reuters) – A sister of Iran’s Supreme Leader Ayatollah Ali Khamenei has condemned his crackdown on nationwide protests and called on the widely-feared Revolutionary Guards to lay down their weapons, according to a letter published by her France-based son. Iran has been gripped by unrest since the death of 22-year-old Kurdish Iranian … Read more

Toyota offers cheaper Prius if customers take software updates

Toyota offers cheaper Prius if customers take software updates

TOKYO, Dec 7 (Reuters) – Toyota Motor Corp’s (7203.T) leasing unit said on Wednesday it will begin offering over-the-air safety updates on the new Prius, betting it can use an approach pioneered by Tesla to cut lease prices and preserve used-car values in Japan. The lease program will require customers to opt in for a … Read more

Suspected suicide blast at Indonesian police station kills two

Suspected suicide blast at Indonesian police station kills two

BANDUNG, Dec 7 (Reuters) – Two people were killed and eight wounded in the Indonesian city of Bandung on Wednesday when a suspected Islamic militant who may have been angered by the country’s new criminal code blew himself up at a police station, authorities said. Ahmad Ramadhan, head of the public information bureau for the … Read more

Apple and Amazon resume advertising on Twitter, reports say

Apple and Amazon resume advertising on Twitter, reports say

Dec 3 (Reuters) – Amazon.com Inc (AMZN.O) and Apple Inc (AAPL.O) are planning to resume advertising on Twitter, according to media reports on Saturday. The developments follow an email sent by Twitter on Thursday to advertising agencies offering advertisers incentives to increase their spending on the platform, an effort to jump-start its business after Elon … Read more

Tesla cuts Dec Model Y output at Shanghai plant by more than 20% versus Nov – sources

Tesla cuts Dec Model Y output at Shanghai plant by more than 20% versus Nov – sources

SHANGHAI, Dec 5 (Reuters) – Tesla (TSLA.O) plans to cut December output of the Model Y at its Shanghai plant by more than 20% from the previous month, two people with knowledge of electric vehicle (EV) giant’s production plan said on Monday. Tesla did not immediately respond to a request for comment on the planned … Read more

Iran top legal cleric says morality police shut down

Iran top legal cleric says morality police shut down

Protesters call for economic boycott from Monday to Wednesday Raisi visits Tehran University on Wednesday for Student Day Interior ministry silent on the morality police’s status DUBAI, Dec 4 (Reuters) – Protesters in Iran called on Sunday for a three-day strike this week, stepping up pressure on authorities after the public prosecutor said the morality … Read more

Iran state body reports 200 dead in protests, Raisi hails ‘freedoms’

Iran state body reports 200 dead in protests, Raisi hails ‘freedoms’

DUBAI, Dec 3 (Reuters) – President Ebrahim Raisi on Saturday hailed Iran’s Islamic Republic as a guarantor of rights and freedoms, defending the ruling system amid a crackdown on anti-government protests that the United Nations says has cost more than 300 lives. A top state security body meanwhile said that 200 people, including members of … Read more

U.S. labor market shrugs off recession fears; keeps Fed on tightening path

U.S. labor market shrugs off recession fears; keeps Fed on tightening path

Nonfarm payrolls increase 263,000 in November Unemployment rate steady at 3.7%; participation rate falls Average hourly earnings rise 0.6%; up 5.1% year-on-year WASHINGTON, Dec 2 (Reuters) – U.S. employers hired more workers than expected in November and increased wages, shrugging off mounting worries of a recession, but that will probably not stop the Federal Reserve … Read more

Twitter suspends Kanye’s account again

Twitter suspends Kanye’s account again

Dec 2 (Reuters) – Twitter Inc on Friday suspended Kanye West’s account again, just two months after it was reinstated, after its owner Elon Musk said he had violated the platform’s rules prohibiting incitement to violence. Musk, who calls himself a free speech absolutist, had welcomed the return of the rapper, now known as Ye, … Read more