US moves closer to government shutdown

US moves closer to government shutdown

The United States has moved closer to a government shutdown after the House of Representatives failed to pass a slimmed-down spending bill that had the backing of President-elect Donald Trump and his ally, Tesla CEO Elon Musk. If the US Congress can't agree on a deal Friday, government funding is set to lapse at midnight Saturday morning. Benji Hyer has more from Washington:

December 20, 2024 7

World

British Billionaire Appointed as Treasurer of Farage’s Reform UK Party

A British billionaire and former Conservative Party member will become the treasurer of political party 'Reform UK'. After his appointment was announced, Nick Candy said he had "exchanged messages" with the world's richest man, Elon Musk -- though said they didn't discuss donations. Stuart Smith is in London and now reports.

December 11, 2024 13

Business / Economics

Elon Musk’s Tesla pay package – now worth over $100b – blocked again by judge

Elon Musk has lost his bid to get his record-breaking Tesla pay package reinstated. A Delaware judge blocked it in January saying Musk essentially controlled the board that approved it. At the time, the stock-option based package was worth $56billion - but now it would be worth over $100b. Toni Waterman has more.

December 4, 2024 32

Business / Economics

13 November 2024 Morning Biz News: Key Business Developments

In this edition of Biz News, we bring you a round-up of some key business developments from across the region and globally, with a focus on growth, innovation, and sustainability. Nictus Holdings Expands with Walvis Bay Acquisition Nictus Holdings Group of Companies has recently announced a significant acquisition: the Build IT branch in Walvis Bay. This move marks a key milestone in the company’s expansion strategy, reinforcing its […]

November 13, 2024 9

World

Elon Musk can continue cash prizes following judge ruling

Elon Musk can continue to give away money to US voters, following a ruling from a Philadelphia judge. The billionaire is facing a lawsuit over the controversial million-dollar prizes he's awarded to swing state voters. Legal action has been put on hold. Musk, who is publicly backing Republican nominee Donald Trump, denies any wrongdoing. Sally Patterson has more.

November 1, 2024 23

World

Elon Musk sued for million dollar election lottery

Elon Musk is being sued for his lottery-style stunt, after he started giving away a million dollars per day to one lucky voter. Philadelphia's District Attorney is taking legal action against the tech billionaire and his political action committee, with the US Justice Department warning the scheme might violate federal law. Benji Hyer reports.

October 29, 2024 16

World

Musk to give away $1 Million daily to US voters

Tech billionaire Elon Musk has announced that he will give away one million dollars each day to registered voters in battleground American states. It immediately drew scrutiny from election law experts who said the sweepstakes could violate laws against paying people to register. Musk promised to award one million dollars randomly to people who have signed a petition in support of the First and Second Amendments.

October 22, 2024 12

World

Elon Musk’s $1 Million Daily Giveaway Sparks Legal Concerns in Pennsylvania

Elon Musk has pledged to give away $1 million a day to Pennsylvania voters ahead of the US presidential election on November 5th. To participate, voters must sign a pro-constitution petition from Musk's campaign group, America PAC. However, the scheme has sparked legal concerns, with scholars labeling it illegal. Democratic Governor Josh Shapiro has also voiced opposition to the lottery during an appearance on the U.S TV channel: NBC.

October 21, 2024 25

Business / Economics

Brazil’s Supreme Court lifts ban on X after Musk backs down

Brazil's Supreme Court has ruled that X can resume operations in the country, ending a five-week suspension over concerns about the content on the social media platform. X's owner Elon Musk agreed to several concessions in order to have the ban lifted. Ira Spitzer reports.

October 9, 2024 21