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Musk fights US state of Delaware after Tesla pay debacle
Musk fights US state of Delaware after Tesla pay debacle
Economy
by  AFP

Elon Musk is on the warpath against Delaware and its powerful business court, moving his SpaceX company out of the eastern US state after a judge struck down his $56 billion compensation package at Tesla. The move came just weeks after Judge Kathaleen McCormick voided his eye-watering compensation package at Tesla, taking sides with a shareholder who claimed the entrepreneur was overpaid.

US dollar dominance not under threat, despite risks: Fed official
US dollar dominance not under threat, despite risks: Fed official
Economy
by  AFP

The status of the US dollar as the world's reserve currency is likely to continue, despite threats posed by China's rise and the growth of cryptocurrencies, a US Federal Reserve official said Thursday. "I do not expect to see the US dollar lose its status as the world's reserve currency anytime soon, nor even see a significant decline in its primacy in trade and finance," he added. da/des