Twitter and Elon Musk sparred in court on Tuesday, each digging for evidence to prevail in a high-stakes trial next month over the billionaire's bid to break his buyout deal.. Twitter, which has sued Musk to force him to complete the $44 billion buyout deal, seeks material or testimony to prove he is contriving excuses to walk away because he changed his mind.
US regulators fined 16 Wall Street firms a total of $1.1 billion over failures to keep electronic records such as text messages between employees, the Securities and Exchange Commission announced Tuesday.. An SEC press release faulted the companies over "longstanding failures" to maintain and preserve electronic communications that must be available to regulators in the course of oversight.
US President Joe Biden's push for green energy tax credits will help boost a massive ramp up in private investment that will create jobs and lower energy costs for American families, Treasury Secretary Janet Yellen said Tuesday.. "These investments will accelerate the transition to our green energy future and lower energy costs for American households and businesses."
Boosted by rising wages and falling gas prices, US consumers were much more upbeat about the state of the American economy now and in the months ahead, according to a closely-watched survey released Tuesday.. "Looking ahead, the improvement in confidence may bode well for consumer spending in the final months of 2022, but inflation and interest-rate hikes remain strong headwinds to growth in the short term," Franco said in a statement.
Meta said Tuesday it derailed a campaign out of China to influence upcoming US elections by posing as people in the United States taking sides on "hot button" issues.. "It looks like they were using hot button issues in the US as a window into discourse on politics, pretending to be Americans," Nimmo said.
Italian far-right leader Giorgia Meloni and her allies began Tuesday what is likely to be a weeks-long process of forming a new government, with crises looming on several fronts.. - Friction - Salvini and Berlusconi do not see eye-to-eye with Meloni on several fronts, including on sending weapons to Ukraine.
The two Nord Stream gas pipelines linking Russia and Europe have been hit by unexplained leaks, Scandinavian authorities said Tuesday, raising suspicions of sabotage.. "Authorities have now been informed that there have been another two leaks on Nord Stream 1, which likewise is not in operation but contains gas," Danish climate and energy minister Dan Jorgensen told AFP in a statement on Tuesday.
With elections a year away, the battle lines have been drawn between Spain's left-wing government and its right-wing regions who are tripping over themselves to unveil lower tax policies.. But the move has drummed up a storm of criticism within the government of Socialist Prime Minister Pedro Sanchez, which has denounced it as economic populism ahead of regional elections in May and a general election expected in late 2023.
The Irish government will on Tuesday unveil its budget for the upcoming year and its plans to deal with widespread problems caused by the cost of living and energy crises.. "There will always be demands on us to do more and to spend more but we are in really uncertain times, we are dealing with a crisis caused by a huge war in Europe and we cannot be sure how long this will go on for," he said.
The dollar lost a little of its strength Tuesday after starting the week by surging against major peers, including a record high versus the pound, though equity traders struggled to claw back recent losses owing to recession fears.. Oil prices edged slightly higher, though both contracts remain wedged at their lowest levels since January owing to the stronger dollar and worries about demand caused by the expected recession.
