NEW YORK, the United States | Xinhua | U.S. tech billionaire Elon Musk on Saturday blasted the European Union (EU) for a fine slapped on his social media platform X for violating transparency rules, warning that his response would target the officials responsible for the penalty. “The ‘EU’ imposed this …
Read More »EU slaps Musk’s X with 120-mln-euro fines in first DSA non-compliance ruling
BRUSSELS | Xinhua | The European Commission on Friday imposed fines totaling 120 million euros (139.8 million U.S. dollars) on Elon Musk’s social media platform X for breaching transparency obligations in its first non-compliance decision under the Digital Services Act (DSA). According to the Commission’s press release, the penalty stems …
Read More »Musk: AI, robots to replace humans, making work optional
NEW YORK, the United States | TASS | American billionaire and entrepreneur Elon Musk predicted a future where all human jobs will be performed by robots and artificial intelligence (AI). “AI and robots will replace all jobs. Working will be optional, like growing your own vegetables, instead of buying them …
Read More »Elon Musk’s companies sue Apple, OpenAI over alleged anticompetitive scheme
WASHINGTON, the United States | Xinhua | Two of Elon Musk’s companies on Monday sued Apple and OpenAI, accusing the pair of “perpetrating their anticompetitive scheme” to maintain monopolies in smartphone and generative AI markets. The lawsuit was filed by Musk’s AI startup xAI and social media platform X in …
Read More »Why Trump’s feud with Musk couldn’t break America’s SpaceX dependence?
WASHINGTON, the United States | Xinhua | When U.S. President Donald Trump lashed out at Elon Musk in June and called for cutting federal ties with his companies, many dismissed it as political posturing. But behind the scenes, the Trump administration quietly launched a sweeping review of federal contracts with …
Read More »The power games of billionaires: Uncovering the political dilemma behind “America Party”
BEIJING, CHINA | Xinhua | U.S. President Donald Trump on Sunday called billionaire Elon Musk’s plans to form a new political party “ridiculous,” one day after Musk announced on social media the creation of a new “America Party.” U.S. media and observers have noted that the rift between Musk and …
Read More »Musk applies for registration of his America party
WASHINGTON, the United States | TASS | American celebrity entrepreneur and billionaire Elon Musk has filed an application with the US Federal Election Commission (FEC) to register his America Party. The document was posted on the FEC website on July 6. Musk announced the establishment of a political party on …
Read More »Musk announces new political party in U.S.
LOS ANGELES, the United States | Xinhua | Tech billionaire Elon Musk announced Saturday that “the America Party is formed to give you back your freedom,” following an online poll he launched earlier in the week that showed strong support for a new political force. “Independence Day is the perfect …
Read More »Musk suggests Congress strategy for his hypothetical political party
NEW YORK, the United States | TASS | Elon Musk said that if members of his potential political party named America were able to win just a few seats in Congress, it would be enough to influence voting on controversial bills. “One way to execute on this would be to …
Read More »America’s tax cuts, tariffs channel wealth to elites
BEIJING, CHINA | Xinhua | The U.S. Senate narrowly passed President Donald Trump’s “One Big Beautiful Bill Act” Wednesday in a 51-50 vote. Though touted as delivering broad prosperity, the sweeping tax and spending package disproportionately benefits the wealthiest Americans. At the heart of the bill is an unprecedented series …
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