Bloomberg An influential group of investors is pressing Tesla Inc. to add two board directors who don’t have ties to Elon Musk, a sign that concerns over the electric-car maker’s corporate governance remain as its shares soar. Five of Musk’s six fellow board members have personal or professional connections to the Tesla chief executive officer, which could jeopardize their ...

  Bloomberg ValueAct Capital Management, the activist fund run by Jeffrey Ubben, plans to return $1.25 billion to investors in May because of concerns that company valuations are expensive. San Francisco-based ValueAct, which manages more than $16 billion, explained its decision to return capital in a letter last week to investors that was viewed by Bloomberg News. It said that ...

  One of the most common debates I hear about India is whether British colonialism has been good or bad for the country’s economic prospects. Defenders of British rule often cite the construction of the railroads, or the spread of the English language, but as time passes the evidence mounts that India would have been much better off on its ...

  Another one bites the dust. German-listed Dialog Semiconductor Plc lost one-third of its market value at one point after analysts at Bankhaus Lampe KG claimed there was “strong evidence” that Apple Inc. was working on making its own power management chips for the iPhone. Dialog replied that it knew of “no business reason” for the share price movement. But ...

  A pro-Brexit argument that always makes me giggle a little is that leaving the European Union will allow the UK to become the new Singapore. That’s right — the land of hope and glory, home to the world’s fifth-largest economy, wants to emulate its steamy little former colony, population 5.4 million. When you look at the per-capita income data, ...

  DUBAI / Reuters Generally positive first-quarter results from Gulf banks helped lift financial stocks on Wednesday, while Saudi Arabia’s third-largest telecoms operator jumped by its daily limit after reporting its first ever quarterly net profit. Shares in Qatar National Bank, the largest lender by assets in the Gulf Cooperation Council (GCC), rose 1 percent after it announced net profit ...

  HONG KONG / AP Stock markets were subdued and the price of oil and gold rose Wednesday as geopolitical risks kept investors on edge ahead of a long weekend. In Europe, France’s CAC 40 gained 0.2 percent to 5,113 and Germany’s DAX added 0.1 percent to 12,150. Britain’s FTSE 100 fell 0.1 percent to 7,357. US indexes were poised ...

  Bloomberg Middle Eastern carriers seized on the social media storm surrounding the forced removal of a passenger from a United Airlines flight to hit back at one of the arch-critics of their breakneck expansion. Dubai-based Emirates mocked United’s best-known advertising slogan on its Twitter account, urging passengers to “fly the friendly skies with a real airline.” Royal Jordanian Airlines ...

  Bloomberg Qantas Airways Ltd. told travel agents in Zimbabwe to stop selling tickets for its flights after the International Air Transport Association warned it’s getting harder to move funds out of the country, according to a circular sent by the Australian airline to agencies and seen by Bloomberg. The carrier owed a ‘substantial’ amount by Bank Settlement Plan Zimbabwe, ...

  Bloomberg UK retail sales fell the most since 2011 last quarter as consumers started to feel squeeze from faster inflation. Retail sales dropped 0.7 percent from a year earlier on a like-for-like basis, the British Retail Consortium said on Tuesday, noting that the timing of the Easter holiday — which this year falls in April — may be distorting ...