Automotive

Ford unveils venture with chip company to boost supply

Ford announced Thursday a "strategic collaboration" with chip company GlobalFoundries to bolster its supply of semiconductors as the automaker grapples with a global shortage of the crucial components.

Business

Musk offers $6B if UN shows how it will solve world hunger

Elon Musk, the richest person in the world, says he will sell $6 billion worth of Tesla stock and donate the proceeds to the United Nations' food agency if it could show how the money would solve world hunger.

Business

Washington state eyes 'billionaire tax' on the ultra rich

Washington state's richest residents—including Jeff Bezos and Bill Gates—would pay a wealth tax on some financial assets under a bill proposed by a lawmaker who says she is seeking a fair tax code at a time when so many ...

Business

Elon Musk now world's second wealthiest person

Elon Musk, the charismatic chief of electric automaker Tesla, has overtaken Bill Gates to become the world's second richest person, according to the Bloomberg list of billionaires.

Business

Virgin Atlantic may fold without state help: Branson

British tycoon Richard Branson has warned that his part-owned airline Virgin Atlantic will collapse unless it receives financial aid from the UK government to weather the coronavirus crisis.

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