Business

Teslas can now be bought for bitcoin, Elon Musk says

Tesla Inc customers can now buy its electric vehicles with bitcoin, its boss, Elon Musk, said on Wednesday, marking a significant step forward for the cryptocurrency’s use in commerce. “You can now buy a Tesla with bitcoin,” Musk said on Twitter, adding that the option would be available outside the United States later this year. […]

Business

Tesla urges court to reinstate hike in emissions penalties

Tesla Inc is pressing a U.S. appeals court to immediately reinstate a 2016 Obama regulation more than doubling penalties for automakers who fail to meet fuel efficiency requirements, according to court filings. The Trump administration on Jan. 14 delayed the start of higher penalties until the 2022 model year. Tesla told the Second Circuit U.S. […]

Business

Central bankers note costs of climate action in cautious report

Central banks need to fight climate change but all policy options on the table come with costly drawbacks, so steps need to be gradual and cautious, an umbrella group of central bankers said on Wednesday, even as the ECB made a plea to act. With climate change posing a growing risk to financial stability, central […]

Business

Bitcoin can prosper without becoming a major currency: SkyBridge’s Scaramucci

Bitcoin doesn’t need to become a widely-used form of payment to succeed and could prosper solely as a store of value, SkyBridge Capital founder Anthony Scaramucci said on Wednesday. Designed as a way to pay, bitcoin is still little use for commerce – though in a major step Tesla Inc said on Wednesday customers can […]

Business

GM further cuts production in North America due to global chip shortage

General Motors Co extended production cuts in North America on Wednesday due to a worldwide semiconductor chip shortage that has impacted the auto sector. The U.S. automaker said its Wentzville, Missouri, assembly plant would be idled during the weeks beginning March 29 and April 5. It will extend down time at its plant in Lansing, […]

Business

Ignore ministers and book your holiday, Ryanair boss says

British tourists should go ahead and book foreign holidays despite government warnings not to, Ryanair boss Michael O’Leary said on Wednesday, as the low-cost carrier announced plans to run 80% of its peak summer capacity. “I don’t frankly pay too much attention to it,” he said, citing the UK’s “spectacularly successful vaccine programme” that aims […]

Business

Uber teams up with ScriptDrop to expand prescription delivery access in U.S.

Uber Technologies Inc will work with prescription delivery services provider ScriptDrop to enable customers in 37 U.S. states to receive medication at their doorstep, the ride-hailing service said in a blog post. The partnership news comes as big tech companies are increasingly pushing into the healthcare sector. Earlier this month, Amazon.com Inc expanded its virtual […]