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Musk testifies at trial over his $50 bn Tesla compensation
Musk testifies at trial over his $50 bn Tesla compensation
by  AFP

Tesla tycoon Elon Musk took the stand on Wednesday as part of a trial over his $50 billion pay package as CEO of the electric car giant. Tornetta alleges that Musk dictated his terms to directors who were not sufficiently independent from their star CEO to object to a package worth around $51 billion at recent share prices.

US retail sales bounce in October on auto and gas
US retail sales bounce in October on auto and gas
by  AFP

US retail sales jumped more than expected in October, bumped up by higher gas prices and auto sales while pointing to resilience in spending in the face of price pressures, according to government data released Wednesday. This was driven by a 1.5 percent uptick in autos, as well as a 4.1 percent jump in sales at gasoline stations as fuel prices edged up.

UK inflation accelerates to 41-year peak
UK inflation accelerates to 41-year peak
by  AFP

British inflation has jumped to a 41-year high on soaring energy and food bills in a worsening cost-of-living crisis, data showed Wednesday on the eve of a key budget.

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