money – World Top News Now

3Dec

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Elon Musk dealt $155 billion blow by judge over Tesla pay package

Elon Musk's record-breaking pay package for serving as Tesla's CEO was rejected by a Delaware court, despite being approved by Tesla shareholders at a June meeting. The pay package, now worth around $101 billion (approx $AUD155 billion) based on Tesla's closing share price Monday, is made up of 303 million Tesla stock options. It had been previously thrown out in January by the same judge, Delaware Chancery Court Chancellor Kathaleen McCormick. Elon Musk's $155 billion-dollar pay packet has been blocked by a judge. (CNN) The package was worth around $56 billion ($A85 billion) at the time the judge threw out the package. At the time, McCormick ruled in favour of the main shareholder in the suit who challenged the package, arguing that Musk and the Tesla bo...

US President Joe Biden signs $146.5 billion war aid measure with assistance for Ukraine, Israel and Taiwan

US President Joe Biden signed into law on Wednesday a $US95 billion ($146.5 billion) war aid measure that includes aid for Ukraine, Israel and Taiwan and that also has a provision that would force social media site TikTok to be sold or be banned in the US. The announcement marks an end to the long, painful battle with Republicans in Congress over urgently needed assistance for Ukraine. "We rose to the moment, we came together, and we got it done," Biden said at White House event to announce the signing. "Now we need to move fast, and we are." US President Joe Biden speaks before signing a $95 billion Ukraine aid package that also includes support for Israel, Taiwan, and other allies, in the State Dining Room of the White House, Wednesday, April 24, 2024, in Washin...

Airline worker among six arrested in $25 million airport gold heist. Police say it was an inside job

Six people have been arrested in last year's multimillion-dollar gold heist at Toronto's Pearson International Airport, police in Canada and the US said on Wednesday. Police have also issued arrest warrants for three others in what they described as an "inside job." All nine suspects have been charged with over 19 counts. On April 17, 2023, an air cargo container carrying more than $22 million Canadian dollars' ($25 million) worth of gold bars and foreign currency was stolen from a secure storage facility using fake paperwork, police say. The gold and currency had just arrived on an Air Canada flight from Zurich, Switzerland. At least two former Air Canada employees allegedly helped in the audacious theft, police say. One is now in custody and an arrest warrant ...