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Tesla approves $29 bn in shares to Musk as court case rumbles on
Tesla approves $29 bn in shares to Musk as court case rumbles on
Economy
by  AFP

Tesla announced an "interim" compensation award worth about $29 billion for Elon Musk on Monday, asserting the need to retain the controversial CEO at a moment of fierce competition for top talent. With that appeal dragging out, Monday's announcement marks an interim step while the company develops a "longer-term CEO compensation strategy," Tesla said in a letter to shareholders.

Stocks rebound on US rate cut bets
Stocks rebound on US rate cut bets
Economy
by  AFP

Most stock markets bounced on Monday on hopes of US interest rate cuts after weak jobs figures raised concerns about the world's top economy. Markets reacted more favourably on Monday, as the slowdown boosted hopes of Fed rate cuts to support the economy.