Elon Musk made the “split-second decision” to tweet that he had “funding secured” to take Tesla private in 2018 after seeing a story in the Financial Times, a lawyer for the billionaire told jurors in San Francisco on Wednesday. Musk sent the message while in…

The chief executive of United Airlines warned that air travellers can expect continued chaos this year and that competitors have sold more flights than they can realistically operate.The airline industry is dealing with constraints that will limit flying this year, Scott Kirby told investors on…

Royal Mail has resumed some international deliveries more than a week after a damaging cyber attack, although customers are still being warned against sending parcels abroad because of disruption to its computer systems.The cyber incident involved a ransomware attack where hackers typically lock a company…

More than a dozen companies have expressed interest in buying Britishvolt’s Northumberland factory site only hours after the battery group collapsed, as politicians warned the failure was a “disaster for the UK car industry”.Britishvolt fell into administration on Tuesday after a last-ditch fundraising effort was…

Charles Schwab is best known as a discount brokerage firm and a pioneer of low-cost investing. But over the years it has quietly transformed itself into one of America’s largest banks by deposits.Schwab’s latest results underscored the importance of this shift. The pandemic-era retail trading…

Renault and Nissan are close to reaching a deal that would reshape their troubled alliance, paving the way for the carmakers to deepen their co-operation in the era of electric vehicles.Agreement is close on a key first step that would require Renault to cut its…