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Elon Musk sells nearly $7 billion worth of Tesla shares
Elon Musk sells nearly $7 billion worth of Tesla shares

Elon Musk has sold nearly $7 billion worth of Tesla shares, according to legal filings, amid a high-stakes legal battle with Twitter over a $44 billion buyout deal. The move comes after Musk sold around $8.5 billion worth of shares in the electric carmaker in April as he was preparing to finance the Twitter deal.

Germany plans 10-bn-euro inflation relief tax package
Germany plans 10-bn-euro inflation relief tax package

Germany will offer tax relief worth 10 billion euros ($10.2 billion) to help workers cope with soaring inflation, Finance Minister Christian Lindner said Wednesday. - Double whammy - The tax relief measures come on top of a 30 billion euro package unleashed by Chancellor Olaf Scholz earlier this year to help consumers beat inflation.