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Tesla paid Elon Musk 2.5m times more as CEO than its average worker in 2025
Tech billionaire’s $158.3bn deal an outlier in report showing widening gap of CEO to worker pay at top companiesElon Musk received over 2.5m times as much compensation at Tesla as the company’s average worker, according to a new report on the growing gap between top corporate executives and their workers.Musk’s $158.3bn pay deal was an outlier but came as the gap between CEO and worker pay continued to grow. Excluding Musk, last year the average ratio of CEO to worker pay for the top S
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India fuels worldwide jump in planned coal production
Rise in new mine proposals, mainly in states of Odisha and Jharkhand, comes despite plateau in global demandEnough new coalmining projects were proposed last year to increase global supplies by 2.5bn tonnes a year, an increase of 11% from the year before, even as demand for coal plateaus, according to a new report.Global Energy Monitor, an NGO, found that India ignited a rise in new coalmine proposals in 2025 despite a global slowdown in the number of mine openings because of falling d
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US inflation cooled slightly to 3.4% in July, according to latest data
Energy is cheaper than at its peak in late April, but gas is still nearly $1 a gallon more expensive than before the Iran warUS consumer prices cooled slightly in July as the annualized inflation rate dipped down to 3.4%, though prices still remain higher than levels seen before the war with Iran.Though inflation decreased 0.7% in June during a brief ceasefire between the US and Iran that brought energy prices down, consumer prices have remained elevated. Price increases hit a three-ye
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Consumer confidence at near two-year high as World Cup and UK holidaying lift summer spending
Barclays says survey shows people feel more secure in jobs and have more leeway to spend on non-essentialsBusiness live – latest updatesConsumer confidence hit its highest level in almost two years in July, according to research that indicated the closing stages of the men’s football World Cup and more people holidaying in the UK lifted summer spending.A truce in the Middle East conflict in June and the arrival of a new prime minister in No 10 also gave a lift to consumers after a long
Why life's hardships may make conspiracy theories more appealing
Why life's hardships may make conspiracy theories more appealing
People who experience greater hardship throughout their lives may become more susceptible to conspiracy theories when those experiences lead them to see the world as fundamentally unfair, according to new research. Mais do que repetir a manchete, o ponto aqui e entender o que ess
OpenAI is giving ChatGPT free users unlimited text chats
OpenAI is giving ChatGPT free users unlimited text chats
OpenAI is making a big change for ChatGPT users on its free and Go tiers: Starting next week, users on those tiers will be able to have unlimited text chats with the chatbot, according to OpenAI. Right now, you may run into rate limits if you do too many text chats on those tiers
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Sizing errors can hide true nanoparticle behavior
Nanoscience, which studies small objects, has a big problem. According to a team of scientists at the National Institute of Standards and Technology (NIST), the field confronts a pervasive data analysis error that can give misleading insights into how these tiny objects' properti
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Elon Musk’s attempt at an AI Wikipedia hasn’t been updated in months
xAI's Grokipedia, an online encyclopedia with AI-generated articles that Elon Musk once promised would be a "massive improvement" over Wikipedia, apparently hasn't been updated since April 24th, according to a report from Lawfare. "As far as we can tell, no entry has changed in m
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Trump administration has refunded 60% of $165bn taken in illegal tariffs
Government has so far returned $100bn to companies from levies that US supreme court struck downBusiness live – latest updatesThe Trump administration has refunded about $100bn from the tariffs it collected before the US supreme court ruled them illegal, according to reports.The $100bn (£74bn) figure, which represents 60% of the total $165bn collected from Donald Trump’s “liberation day” tariffs, was reported by customs officials to the US court of international trade (CIT) on Tuesday,
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Refuse collectors help Italian woman recover binned €1m lottery ticket
Winner called waste management team after she realised stub showing she had hit the jackpot had been thrown awayA €1m lottery ticket has been recovered from the rubbish in Italy after the frantic winner called on refuse collectors to help her retrieve it, according to the waste management company.The instant win ticket was “miraculously still in one piece” after garbage workers combed through mounds of rubbish on their truck, said Roberto Nicola Toscano, the administrator of the SANB c
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Inflation cools to 3.5% in June in relief brought by brief US-Iran deal
Recent strikes have sent oil prices climbing again, with average gas price per gallon up by 70 cents on last yearInflation cooled to an annual rate of 3.5% in June as the brief US-Iran ceasefire, which has since ended, brought energy prices down, according to new data from the Bureau of Labor Statistics.The consumer price index (CPI), which measures a basket of goods and services, has been elevated since the start of the war, largely because of higher energy prices. After mostly stayin
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US refunds $81bn in Trump tariffs after supreme court ruled them illegal
Government had been forced to pay back duties to companies that imported goods into the US that were hit by Trump’s tariffsThe US government has already paid back tens of billions of dollars in tariffs it collected before the supreme court ruled them illegal, according to budget figures released on Monday.Tariffs – taxes on imported goods – have been a key part of president Donald Trump’s game economic plan since he took office again last year. Continue reading...