Shareholders of electric car and solar panel maker Tesla have approved an ambitious pay package for CEO Elon Musk that could net him more than 50 billion US dollars (£35 billion) if he meets lofty milestones over the next decade.
The Federal Reserve is raising its benchmark interest rate to reflect a solid US economy and signalling that it is sticking with a gradual approach to rate hikes for 2018 under new chairman Jerome Powell.
The FTSE 100 dipped into the red on Wednesday, as a stronger pound compounded pain from a drop in retail stocks following a string of store closures and profit warnings at some of the UK’s biggest chains.
Shares in Interserve surged after the outsourcer received a lifeline from its lenders that will put the troubled firm on a more secure financial footing.
Embattled retailer New Look has agreed a restructuring plan with creditors that will see it shut 60 stores, resulting in the loss of up to 980 jobs.
Policymakers are expected to keep interest rates on hold at 0.5% after inflation fell to a seven-month low, but experts believe a hike may still be on the cards for May.
PwC has raked in over £20 million for its role in winding down failed outsourcer Carillion, with the accountancy giant set to pocket even more cash as the process drags on.
Carpetright shops in Tayside and Fife are under threat of closure after the retailer announced restructuring plans that will see it axe poorly performing stores.
Serial entrepreneur Angus MacDonald wants to inspire people to grow their businesses faster when he is interviewed at this year’s Entrepreneurial Scotland annual conference.
US tech giants such as Google, Facebook and Amazon are set to be hit with new taxes as part of a crackdown by the European Commission.