BLOOMBERG A group of Tesla Inc investors stands to recover an average of about $12,000 a head for losses they incurred from Elon Musk’s famous 2018 tweet that he had “funding secured” to take the carmaker private at $420 a share — and then didn’t. The US Securities and Exchange Commission (SEC) aims to pay the investors the $40 million ...

BLOOMBERG Ukraine’s allies now worry the war is dragging into a long fight that may strengthen Vladimir Putin’s hand as hopes fade that Kyiv’s forces will deliver a definitive breakthrough this year. More than two months into its counteroffensive, Kyiv has so far managed to make only tactical advances against heavily dug-in Russian forces, despite having committed many of the ...

BLOOMBERG India and Greece pledged to deepen ties in areas including trade and defense after the first visit by an Indian premier to the southern European nation in four decades. “Today, the prime minister and I have taken the decision to take the India-Greece partnership to a strategic level,” India’s Narendra Modi said after talks with his Greek counterpart, Kyriakos ...

BLOOMBERG Foreign observers found that Zimbabwe’s election this week didn’t meet regional, international or the country’s own constitutional standards, as police guarded the national results centre. “Curtailed rights and lack of level playing field led to an environment that was not always conducive to voters making a free and informed choice in Zimbabwe’s” election, Fabio Massimo Castaldo, head of the ...

BLOOMBERG The list of people who remain unaccounted for after Maui’s wildfire disaster dropped to 388, a significant decline from earlier estimates, after hundreds of individuals initially reported missing were found. Maui County has released a list validated by the Federal Bureau of Investigation of those unaccounted for since the August 8 wildfire tore through the seaside town of Lahaina. ...

BLOOMBERG Former President Donald Trump posted his own mug shot in a return to Elon Musk’s X, which was formerly known as Twitter. Trump regularly used Twitter to boost his message and win the White House in 2016, sometimes tweeting dozens of times a day, at all hours, to communicate directly with his tens of millions of followers, guide the ...

ABUJA / WAM Salem Saeed Al Shamsi presented his credentials as ambassador of the UAE to the Federal Republic of Nigeria to Bola Ahmed Tinubu, the President of the Federal Republic of Nigeria, during a ceremony held at the Presidential Palace in the capital, Abuja. During the event, Al Shamsi conveyed to President Tinubu the greetings of President His Highness ...

  ABU DHABI / WAM Dr. Hasan Karam, Borouge’s Chief Operating Officer, has said that the fifth polypropylene unit (PP5) played a significant role in H1 2023, contributing $209 million (AED767 million) in polypropylene material sales, representing 22% of the Company’s propylene sales and 10% of our overall turnover. In a statement to the Emirates News Agency (WAM), Dr Karam ...

ABU DHABI / WAM The United Arab Emirates officially joined the BRICS group after a successful application ratified by the five founding nations, the Federative Republic of Brazil, the Russian Federation, the Republic of India, the People’s Republic of China and the Republic of South Africa. The announcement was made as leaders of the five countries met in Johannesburg for ...

SHARJAH / WAM The International Government Communication Forum 2023 (IGCF 2023) has announced a packed pre-forum activities programme, which will take place in the lead up to the 12th annual edition, starting September 4. Covering key topics of communication ethics and techniques, sustainable media, innovation, leadership skills, and artificial intelligence, amongst others, the discussions and training sessions will be led ...