Breadcrumb Trail Links PMN PMN Business Author of the article: The Associated Press Michael Liedtke Published Mar 29, 2025 • Last updated 31 minutes ago • 4 minute read Article content SAN FRANCISCO (AP) — Crowds protesting billionaire Elon Musk’s purge of the U.S. government under President Donald Trump began amassing outside Tesla dealerships throughout the […]
Technology entrepreneur Tom Adeyoola has been named as the government’s preferred candidate to head Innovate UK, the country’s £1.1 billion-a-year innovation agency, at a pivotal moment for the organisation. The Department for Science, Innovation and Technology confirmed that Adeyoola, 47, is in line to replace Indro Mukerjee in the £195,000-a-year role. The appointment comes as […]
Frasers Group has voted to block Boohoo’s attempt to change its holding company name to Debenhams, escalating a long-running feud between the UK retail giants. The move, led by Mike Ashley’s group, which owns a 27 per cent stake in Boohoo, effectively prevented the resolution from passing at a general meeting on Friday. The motion […]
The UK’s £8 billion-a-year R&D tax credit scheme is facing a major shake-up as the government moves to tackle widespread fraud and error while improving accessibility for genuine claimants. Proposals outlined in a consultation published alongside the Spring Statement suggest that businesses may soon be required to obtain formal pre-approval — or “advance assurance” — […]
Apprenticeship and workplace training provider Multiverse has posted a 29 per cent rise in sales to £58.4 million for the year ending March 2024, but its losses also deepened, underscoring the high cost of its rapid expansion. Founded by Euan Blair, son of former Prime Minister Sir Tony Blair, the company reported pre-tax losses of […]
Elon Musk has announced an $80 billion merger of his artificial intelligence venture xAI with social media platform X, formerly Twitter, in a move he claims will “unlock immense potential” by combining AI capabilities with real-time user interaction. The non-cash transaction values xAI at $80 billion and X at $33 billion — or $45 billion […]