Musk’s slash government agencies and regulation benefit empire

Musk’s slash government agencies and regulation benefit empire

Elon Musk’s business empire is sprawling. It includes electric vehicle maker Tesla, social media company X, artificial intelligence startup xAI, computer interface company Neuralink, tunneling venture Boring Company and aerospace firm SpaceX.  Some of his ventures already benefit tremendously from federal contracts. SpaceX has received more than $19 billion from contracts with the federal government, … Read more

Germany seals 2025 budget plan after weeks of tense negotiations

Germany seals 2025 budget plan after weeks of tense negotiations

German Chancellor Olaf Scholz smiles during a question time on July 3, 2024 at the Bundestag (lower house of parliament) in Berlin. Ralf Hirschberger | Afp | Getty Images German government leaders on Friday agreed on an outline for the country’s 2025 budget after intense negotiations to bridge a gap worth billions of euros. The budget aims to … Read more

China’s local governments shut down social media accounts as budgets shrink

China’s local governments shut down social media accounts as budgets shrink

Dozens of cities in the provinces of Guangdong, Sichuan, Yunnan, Hunan, Shaanxi, Shandong and Jiangsu, as well as Guangxi Zhuang autonomous region, have announced plans so far this year to cut back on government department websites, social media accounts and smartphone applications, research by the Post shows. One of the latest to do so was … Read more

German Chancellor announces 2024 budget plan after debt crisis talks

German Chancellor announces 2024 budget plan after debt crisis talks

German Chancellor Olaf Scholz (SPD), Economy and Climate Action Vice Chancellor Robert Habeck (Greens) and Finance Minister Christian Lindner (FDP) listen during the Budgetary debate in the plenary hall of the German Lower house of Parliament or Bundestag on November 28, 2023 in Berlin, Germany. Michele Tantussi | Getty Images News | Getty Images Germany’s … Read more