Elon Musk has become the first person in history to reach a net worth of more than $500bn. The milestone comes as Tesla and his other ventures surged in value this year. His wealth briefly hit $500.1bn on Wednesday afternoon in New York. It later slipped slightly to just above $499bn, according to Forbes’ billionaires index. Musk’s other businesses, including the AI startup xAI and rocket company SpaceX, have also seen strong gains in valuation in recent months. Musk strengthens lead among billionaires The achievement confirms Musk as the world’s richest individual. He remains far ahead of global tech rivals.…
Author: Grace Johnson
Grace Johnson
Grace Johnson is a freelance journalist from the USA with over 15 years of experience reporting on Politics, World Affairs, Business, Health, Technology, Finance, Lifestyle, and Culture. She earned her degree in Communication and Journalism from the University of Miami. Throughout her career, she has contributed to major outlets including The Miami Herald, CNN, and USA Today. Known for her clear and engaging reporting, Grace delivers accurate and timely news that keeps readers informed on both national and global developments.
The sunscreen safety scandal in Australia is growing rapidly. Regulators have already pulled 18 products from store shelves due to safety fears. Major sunscreen brands caught up In June, a consumer advocacy group revealed that several leading sunscreens failed to deliver their promised protection. Ultra Violette’s Lean Screen Skinscreen claimed SPF 50+ but tested at just SPF 4. The company voluntarily recalled the product in August. The medicines regulator has since highlighted 20 more sunscreens from other companies. All used the same base formula, which testing showed to be unreliable. Tests show weak sun protection Preliminary investigations revealed the base…
Donald Trump has renewed his threat to impose a 100% tariff on all movies produced abroad. He said foreign countries had “stolen” America’s film industry. California takes the hardest hit On Monday, Trump said California suffered the most under the current system. He argued the tariff would “solve this long time, never ending problem”. In May, he had already announced plans to meet Hollywood executives. At that time, he warned the US film sector was dying “a very fast death”. Tariffs extend to other industries Trump’s warning followed the rollout of tariffs in other sectors. These included a 100% levy…
Insider threats rank among the most dangerous tactics in cyber-crime. Few employees face them, and even fewer speak about their experiences. I recently became one of those rare cases. A criminal group approached me with a shocking proposal: betray my employer for millions. Sudden approach The first message arrived without warning. “If you are interested, we can offer you 15% of any ransom payment if you give us access to your PC.” The sender called themselves Syndicate. They contacted me in July via Signal, an encrypted messaging app. I did not know them, but I quickly understood their intention. They…
Donald Trump has directed troops to Portland, Oregon, authorising the use of full force if required to curb protests at immigration detention centres. The president said the action would protect facilities under attack from Antifa and other domestic terrorists. He described the city as war-ravaged in a Truth Social post. The order adds to previous troop deployments in US cities as part of his wider immigration crackdown. democrats condemn the move Democratic leaders criticised the decision, saying Portland faced no threat that justified federal troops. Oregon Governor Tina Kotek declared the communities safe and calm. She warned that any deployment…
Jaguar Land Rover has started a phased restart of operations after a crippling cyber-attack. Several IT systems are now running again, and the company is clearing overdue supplier payments through expanded invoicing capacity. Attack forced halt in production The August cyber-attack forced Jaguar Land Rover to shut down IT systems and suspend car production. Its factories will remain closed until at least next month. The prime minister said the government is working around the clock on a supplier support package. Growing concerns suggest smaller firms could collapse if disruption continues. Opposition leader Sir Keir Starmer called the crisis urgent but…
President Donald Trump has announced a new series of tariffs on imported goods. From October 1, branded and patented medicines entering the United States will face a 100 percent duty unless companies operate factories on American soil. The plan also imposes a 25 percent tariff on heavy-duty trucks and a 50 percent levy on kitchen and bathroom cabinets. Trump introduced the measures on Thursday, describing them as essential to protect US manufacturers. On Truth Social, he said a “flood” of foreign products was harming American businesses. He insisted the tariffs would shield domestic companies and safeguard jobs. The announcement came…
An Indian court has dismissed a petition filed by Elon Musk’s platform X. The company argued that a government portal gave officials sweeping powers to censor online content. A single judge of the Karnataka High Court ruled that X’s challenge against the Sahyog portal was “without merit”. The complete judgement has not yet been released. X has not said if it will appeal the decision. Another legal blow for X This ruling marks the second major courtroom defeat for X in India in just over two years. The platform earlier failed to overturn government orders to block content. Experts now…
Canadian privacy officials found that TikTok fails to safeguard children’s personal data. They said the platform allows underage users and mishandles sensitive information. Children continue to use TikTok Hundreds of thousands of Canadian children access the app each year. The company insists the service is not intended for users under 13. Investigators confirmed that many minors still use the platform. Data collected for advertising The inquiry revealed that TikTok gathered sensitive information from large numbers of children. The platform then used this data to target ads and shape content. Officials warned this practice could harm young users. TikTok promises new…
Porsche stock dropped more than seven percent on Monday after the carmaker announced delays in its electric strategy. The company had already warned that weaker demand would cut into its 2025 profits. Volkswagen also loses ground Parent company Volkswagen saw its shares sink by more than seven percent on the same day. It pledged billions to refresh Porsche’s line-up, adding to investor unease. The slide highlights the wider problems European carmakers face from Chinese rivals and a slowing economy. Earnings target reduced Porsche slashed its profit margin forecast from as high as seven percent to two percent or less. It…