Page 48 - Elon Musk

Australia rejects Musk's claim about govt plans to control internet access

An Australian Cabinet minister on Friday rejected X Corp owner Elon Musk's allegation that the government intended to control all Australians' access to the internet through legislation that would ban young children from social media. Treasurer Jim Chalmers said Musk's criticism was unsurprising after the government introduced to Parliament on Thursday legislation that would fine platforms including X up to 150 million Australian dollars ($133 million) if they allow children under age 16 to hold social media accounts. The idea that Elon Musk is not delighted with our steps to try and protect kids online is not an especially big surprise to us, nor does it trouble us greatly, Chalmers told reporters. The spat continues months of open hostility between the Australian government and the tech billionaire over regulators' efforts to reduce public harm from social media. Parliament could pass legislation as soon as next week that would oblige X, TikTok, Facebook, Snapchat, Reddit and ...

Elon Musk announces X is India's number one news app on App store

One user, Hitman Hub, said, "X has claimed the No.1 spot in Australia! Big love down under X is No. 1 in Germany! Feeling blessed to have reached the top here. X is now No. 1 in Brazil

Elon Musk blasts Australia's proposed law to ban social media for children

Australia plans to try an age-verification system to enforce a social media age cut-off, some of the toughest controls imposed by any country to date

Jeff Bezos hits back at Musk in sniping over Tesla, SpaceX holdings

It's the latest tit-for-tat between the world's two richest individuals, whose businesses compete in the commercial space industry

Musk's budget crusade may cause constitutional clash in Trump's 2nd term

When Elon Musk first suggested a new effort to cut the size of government, Donald Trump didn't seem to take it seriously. His eventual name for the idea sounded like a joke too. It would be called the Department of Government Efficiency, or DOGE, a reference to an online meme featuring a surprised-looking dog from Japan. But now that Trump has won the election, Musk's fantasy is becoming reality, with the potential to spark a constitutional clash over the balance of power in Washington. Trump put Musk, the world's richest man, and Vivek Ramaswamy, an entrepreneur and former Republican presidential candidate, in charge of the new department, which is really an outside advisory committee that will work with people inside the government to reduce spending and regulations. This week, Musk and Ramaswamy said they would encourage Trump to make cuts by refusing to spend money allocated by Congress, a process known as impounding. The proposal goes against a 1974 law intended to prevent futu

'Jeff Bezos advised selling Tesla stocks thinking Trump would lose': Musk

Donald Trump is set to assume office on January 20 and has been naming his picks for key administrative roles. The list also features Musk, who will co-lead DOGE to make the US govt more 'efficient'

Sundar Pichai dials Donald Trump to congratulate, Elon Musk joins call

Elon Musk joins Sundar Pichai's congratulatory call to President-elect Donald Trump, solidifying his close ties with the leader

Musk, Ramaswamy share their blueprint for govt reforms including job cuts

Tesla owner billionaire Elon Musk and Indian American entrepreneur Vivek Ramaswamy in an op-ed provided an insight into their blueprint for an unprecedented government reform that includes mass federal job cuts and massive expense reduction. Following his stunning electoral victory, President-elect Donald Trump entrusted Musk, 53, and Ramaswamy, 39, with government reform by appointing them to head the newly created Department of Government Efficiency (DOGE). The two confidants of Trump wrote in an op-ed in The Wall Street Journal on Wednesday that they will serve as outside volunteers, assisting the Trump transition team in identifying and hiring a lean team of small-government crusaders, including some of the sharpest technical and legal minds in America. This team will work closely with the White House Office of Management and Budget in the new administration. The two of us will advise DOGE at every step to pursue three major kinds of reform: regulatory rescissions, administrati

Elon Musk, Ramaswamy eye five-day office week for federal employees

Musk and Ramaswamy said the new Department of Government Efficiency would help reduce the federal workforce by compelling employees to resign

Jaguar unveils new logo ahead of electric car launch, Musk takes a jibe

The company has also updated its iconic leaping cat emblem, known as the 'leaper'. Jaguar referred to it as the brand's 'precious mark of provenance'

Trump, Musk solidify their bond with Texas trip for Starship rocket launch

Donald Trump headed to Brownsville, Texas, on Tuesday to watch one of Elon Musk's companies test its Starship rocket, the latest sign of a deepening bond between the president-elect and the world's richest man. Ever since Musk began camping out at Mar-a-Lago after the election, there's been speculation over when Trump would grow tired of having him hanging around and giving him advice on running the country. But Tuesday's outing was a remarkable display of intimacy between the two, one with implications for American politics, the U.S. government, foreign policy and even the possibility of humans reaching Mars. Musk spent around $200 million to help Trump beat Democrat Kamala Harris in the presidential race, and he's been given unparalleled access. He's counseled Trump on nominees for the new administration, joined the president-elect's phone call with Ukrainian President Volodymyr Zelenskyy and been tapped to co-chair an advisory panel on cutting the size of the federal ...

Updates: BJP accuses Congress-led MVA of shady transactions day before polling in Maharashtra

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President-elect Trump likely to attend SpaceX 'Starship' launch in Texas

President-elect Donald Trump appears to be planning to attend a SpaceX "Starship" rocket launch on Tuesday, in the latest indication of founder Elon Musk's influence in the Republican's orbit. The Federal Aviation Administration has issued temporary flight restrictions over Brownsville and Boca Chica, Texas area for a VIP visit that coincides with the SpaceX launch window for a test of its massive Starship rocket from its launch facility on the Gulf of Mexico. The flight restrictions put in place over Trump's home in Palm Beach, Florida when he is there will be lifted briefly while the Texas security measures are in place. Trump's visit comes as billionaire Musk has been a near-constant presence at Trump's side as he builds out his administration, attending meetings at Trump's Mar-a-Lago club, accompanying him to meetings with Capitol Hill Republicans in Washington last week and to a UFC fight in New York on Saturday. Trump frequently regaled audiences on the campaign trail with a

Musk's SpaceX to launch India's GSAT-20 satellite for better communication

SpaceX will launch India's GSAT-20 satellite, enhancing communication capacity and supporting initiatives like Smart Cities. The partnership comes after ISRO's heavy-lift limitations

Donald Trump's team seeking to ease US rules for self-driving vehicles

If new rules enable cars without human controls, that would directly benefit Elon Musk

Brazil Prez Lula's wife Rosangela curses out Elon Musk ahead of G-20 summit

Nearly half of Brazilians said they had a positive image of their first lady in LatAm Pulse, a survey conducted by AtlasIntel for Bloomberg News in October. Only Lula himself earned higher marks

Trump attends UFC as Musk suggests public should weigh in on Treasury pick

President-elect Donald Trump is attending the UFC heavyweight championship clash at Madison Square Garden on Saturday night, combining two things close to his heart -- fierce battles inside the octagon and New York City. After a year's delay, Stipe Miocic is getting his shot at a third heavyweight championship reign when he battles current champion Jon Jones at UFC 309. Trump is a longtime UFC enthusiast and frequent attendee of major fights. He made promoting hypermasculine tones a signature of his latest, successful campaign for the White House -- as he looked to further widen the gap among male voters between himself and his Democratic opponent, Vice-President Kamala Harris. The trip to New York, where Trump lived for decades before moving to his Mar-a-Lago club in Palm Beach, Florida, came after the president-elect announced his choice for energy secretary in his upcoming administration. And it also followed a key ally, billionaire Elon Musk, calling for more direct public inpu

Elon Musk's political ascendancy stirs hopes of redemption for X banks

Banks typically sell such loans to investors soon after the deal is done, but in the case of X, which Musk bought for $44 billion in 2022, they have been stuck holding the debt

SpaceX in talks to sell insider shares to boost valuation to around $255 bn

That would be a premium to the company's previous valuation of about $210 billion. It would also cement SpaceX's status as the most valuable private US company

Iranian official meets Musk in a possible step to ease tensions with Trump

Iran successfully sought a meeting with Elon Musk, according to a US official, one in a series of steps that appeared aimed at easing tensions with President-elect Donald Trump. Iran's UN Ambassador Amir Saeid Iravani met with Musk a Trump ally named this week to advise his administration on ways to cut the federal government on Monday in New York, according to a US official briefed on the meeting by a foreign colleague. The official said he had been informed that the discussion covered a variety of topics, most notably Iran's nuclear program, its support for anti-Israel groups throughout the Middle East and prospects for improved relations with the United States. The official, who spoke on condition of anonymity to discuss a non-US governmental meeting, said no immediate decisions were taken by either side. The official said the Iranians sought the meeting with Musk, the world's richest man, and that it did not take place at the Iranian mission to the UN. The Trump transition te