Author: Victor Blackwell

Elon Musk’s account on X is displayed on a smartphone.Nathan Stirk | Getty Images News | Getty ImagesIndia’s IT ministry has unlawfully expanded censorship powers to allow the easier removal of online content and empowered “countless” government officials to execute such orders, Elon Musk’s X has alleged in a new lawsuit against New Delhi.The lawsuit and the allegations mark an escalation in an ongoing legal dispute between X and Prime Minister Narendra Modi’s government over how New Delhi orders content to be taken down. It also comes as Musk is getting closer to launching his other key ventures Starlink and Tesla in India.In the new court filing dated March 5, X argues India’s IT Ministry is asking other departments to use a government website launched by the Ministry of…

President Donald Trump and Elon Musk (R) speak before departing the White House on his way to his South Florida home in Mar-a-Lago in Florida on March 14, 2025. Roberto Schmidt | Afp | Getty ImagesBillionaire Elon Musk, U.S. President Donald Trump’s close ally, is due to be briefed on Friday by the Pentagon on the U.S. military’s plan for any war that might break out with China, the New York Times reported on Thursday, citing U.S. officials.Access to the closely guarded military plan would mark an sharp expansion of Musk’s role as a Trump adviser who has spearheaded efforts to cut U.S. government spending.It would also fuel questions about conflicts of interest for Musk, who as the…

A plane taking off from Heathrow Airport in the United Kingdom.Tim Ireland | Xinhua | Getty ImagesLondon’s Heathrow Airport closed on Friday after a fire at a nearby electrical substation caused a power outage, airport officials said.”Heathrow is experiencing a significant power outage across the airport … Whilst fire crews are responding to the incident, we do not have clarity on when power may be reliably restored,” a Heathrow spokesperson said.”We expect significant disruption over the coming days and passengers should not travel to the airport under any circumstances until the airport reopens,” the spokesperson said.Ed Miliband, U.K. energy minister,…

Shanghai, CHINA: A Chinese customer at a branch of the Bank of Ningbo on the eve of it’s IPO in Shanghai 18 July 2007. Mark Ralston | Afp | Getty ImagesThe recent rebound in China’s government bond yields is not a sign of reflation, economists say, as persisting deflationary pressure is expected to keep borrowing costs low.An intensified sell-off in China’s government bonds has sent yields rising in recent weeks, as the People’s Bank of China drained liquidity from the money market to stabilize its currency and the sudden rise of DeepSeek prompted funds to rotate into stocks.The benchmark 10-year yield…

A Tesla store in Alhambra, California on March 11, 2025.Frederic J. Brown | AFP | Getty ImagesAs Elon Musk wraps up his second month in the White House, Tesla owners are trading in their electric vehicles at record levels, according to an analysis by national car shopping site Edmunds.The data from Edmunds published on Thursday said that March represented “the highest ever share” it had seen for Tesla trade-ins toward new or used cars from dealerships selling other brands.Since heading to Washington, D.C., in January as a central figure in the second Trump administration, Musk, who is CEO of Tesla, has…

The owner of rice shop Tadao Koike carries a bag of rice at his shop in Tokyo on February 14, 2025. Yuichi Yamazaki | Afp | Getty ImagesJapan’s core inflation beat expectations and came in at 3% in February, government data showed on Friday, bolstering the case for further interest rate hikes.The core inflation figure — which excludes prices of fresh food — was higher than expectations of 2.9%, according to economists polled by Reuters, but lower than January’s figure of 3.2%.Headline inflation rose 3.7% year on year in February, easing from a two-year high of 4% seen last month. It…

CNBC’s Jim Cramer is optimistic on home improvement retailer Home Depot, and he told investors on Thursday that the company could do well even against the backdrop of a tougher macroeconomic environment.”You may be skeptical, thinking that higher interest rates, tariffs are…more important than the specifics of this home improvement chain,” he said. “I disagree. To me, this is when you keep the faith,” adding that investors should buy more if the stock drops.Cramer pointed out that the company seems to be doing well, even though the stock is down from its highs. He suggested that the potential rise of…

U.S. President Donald Trump speaks during the signing event for an executive order to shut down the Department of Education, in the East Room at the White House in Washington, D.C., U.S., March 20, 2025. Carlos Barria | ReutersPresident Donald Trump on Thursday signed an executive order to increase domestic production of critical minerals, including uranium, copper, potash, gold and possibly coal.Trump directed federal agencies to compile lists of pending mineral projects and expedite their review in coordination with the National Energy Dominance Council led by Interior Secretary Doug Burgum, a White House official said.The president also directed Burgum to prioritize…

Signage outside the Micron offices in San Jose, California, on Dec. 17, 2024.David Paul Morris | Bloomberg | Getty ImagesMicron shares popped 6% in extended trading Thursday after the company reported second-quarter results that beat analysts’ estimates and offered better-than-expected guidance.Here’s how the company did:Earnings per share: $1.56, adjusted vs. $1.42 expected by LSEGRevenue: $8.05 billion vs. $7.89 billion expected by LSEGRevenue increased 38% from $5.82 billion during the same period in 2024, Micron said in a press release. The memory and storage solutions company reported net income of $1.58 billion, or $1.41 per share, up from $793 million, or…

Accenture signage is pictured in Warsaw, Poland, on Aug. 7, 2024.leksander Kalka | Nurphoto | Getty ImagesShares of Accenture slid Thursday after the consulting firm said efforts to tighten federal spending have begun to weigh on its revenues.Shares tumbled 7.3% after Accenture’s chief executive officer said in a fiscal second-quarter earnings call that the company’s Federal Services business has lost contracts with the U.S. government after recent reviews.”Federal represented approximately 8% of our global revenue and 16% of our Americas revenue in FY 2024. As you know, the new administration has a clear goal to run the federal government more…