Author: Press Room

Elon Musk claims Grimes’ friends told her to file her custody lawsuit in California.Grimes and Musk each sued for custody in separate states.Musk could face a hefty child support payment if the case plays out in the Golden State instead of Texas. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Grimes might have been strategizing ahead of her custody battle with ex-partner Elon Musk — at least according to Musk.Musk has accused Grimes, whose legal name is Claire Boucher, of moving to California in…

This article is an on-site version of our Moral Money newsletter. Sign up here to get the newsletter sent straight to your inbox.Visit our Moral Money hub for all the latest ESG news, opinion and analysis from around the FT Hello from Dubai. Yesterday’s official rest day passed all too quickly, and national officials are now locking horns again in negotiations that will continue until the final day of the conference on Tuesday (or, more likely, some antisocial hour on Wednesday).As I’ve written before, the debate over a fossil fuel “phaseout” agreement is central to this event. COP28 president Sultan…

2/2 © Reuters. FILE PHOTO: A view of a Nvidia logo at their headquarters in Taipei, Taiwan May 31, 2023. REUTERS/Ann Wang/File Photo 2/2 By Rozanna Latiff and Fanny Potkin KUALA LUMPUR -Malaysian conglomerate YTL’s utilities unit said on Friday it would partner with U.S technology giant Nvidia to develop artificial intelligence (AI) infrastructure in the Southeast Asian country. The first phase is expected to be operational by mid-2024, YTL Power International said in a statement. Reuters exclusively reported earlier on Friday, citing sources, that Nvidia (NASDAQ:) and YTL were in advanced talks to partner over AI infrastructure, with the project to…

2/2 © Reuters. FILE PHOTO: OpenAI logo is seen in this illustration taken, February 3, 2023. REUTERS/Dado Ruvic/Illustration 2/2 By Muvija M and Chavi Mehta LONDON (Reuters) – Britain’s antitrust regulator said on Friday it will review whether to launch a merger probe of Microsoft (NASDAQ:)’s multi-billion dollar partnership with ChatGPT maker OpenAI, weighing in on the U.S. software giant’s operations for a second time this year. The review will consider whether the tie-up has resulted in an “acquisition of control,” the Competition and Markets Authority (CMA) said on Friday. It is the second time this year the regulator has…

© Reuters. FILE PHOTO: FILE PHOTO: View of a model of carbon capture and storage designed by Santos Ltd, at the Australian Petroleum Production and Exploration Association conference in Brisbane, Australia May 18, 2022. REUTERS/Sonali Paul/File Photo/File Photo (Reuters) – Australia energy companies Woodside (OTC:) and Santos Ltd said late on Thursday that they are in preliminary merger talks, in what could be the latest big deal in a wave of global consolidation the in oil and gas sector. A potential combination of the companies, which together have a market value of about $52 billion, comes amid challenges faced by…

Spencer Platt/Getty Images News Honeywell (NASDAQ:HON) said Friday it agreed to acquire of Carrier’s (NYSE:CARR) Global Access Solutions business for $4.95B in cash, which it said will enable it to become a leading provider of security solutions for the digital age. Honeywell (HON) said the deal supports its recently announced plans to align its portfolio to three key megatrends: automation, the future of aviation, and energy transition. Carrier’s (CARR) security business makes products including electronic locks for big companies, hotels and hospital chains, and includes three industry-leading brands: LenelS2, Supra and Onity. The purchase price represents ~13x estimated 2023 EBITDA,…

The annual defense bill has become entangled in a tumultuous Republican feud in the House, as hard-right lawmakers revolt over a bipartisan agreement to jettison a raft of deeply partisan dictates that would have limited abortion access, transgender care and diversity training.The dispute over the $886 billion military policy bill, considered one of the few pieces of legislation Congress is obligated to pass every year, is unlikely to sink the legislation altogether. But it has created a political crisis for Speaker Mike Johnson, who has come under withering criticism from ultraconservative Republicans for his handling of government spending measures and…

Tesla workers in Sweden have been on strike since October.Mail workers are blocking license plate deliveries in sympathy, so Tesla sued to try to get access.A Swedish court ruled against Tesla, and now a fourth country’s union is getting involved. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app A Swedish court on Thursday ruled in favor of the ongoing blockade against Tesla after Elon Musk’s company sued to try to stop it, according to Reuters.Unionized employees of PostNord, Sweden’s mail service, have been refusing…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Commodity trader Trafigura will pay out a record dividend of $5.9bn to the company’s 1,200 shareholders after reporting its highest-ever net profit, but flagged a significant slowdown in the second half of the year as the energy crisis abated.The privately held group’s bumper payout to executives and traders was more than triple the $1.7bn handed out last year and takes total payments since 2020 to more than $9bn, capping one of the most profitable periods in the commodity trading sector’s history.The record…

© Reuters. FILE PHOTO: Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking/File Photo (Reuters) – U.S. equity funds witnessed outflows for a second straight week in the seven days to Dec. 6 on some investor caution ahead of economic data which could provide more insights about the Federal Reserve’s interest rate trajectory. Investors exited a net $577 million worth of U.S. equity funds during the period, although this was substantially less than the $3.26 billion worth of net selling in the previous seven days. The…