Investors demand Musk work a 40-hour week at Tesla
The letter sent to Tesla chair Robyn Denholm on Wednesday (Thursday AEST) was signed by 12 long-term institutional investors including the New York City Comptroller, the American Federation of Teachers, as well as European funds such as Denmark's AkademikerPension. Together they manage about $US950 billion ($1.5 billion) in assets.
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The Advertiser
6 hours ago
- The Advertiser
JD Vance mixes diplomacy and fishing on UK trip
US Vice President JD Vance has held official talks and gone fishing with UK Foreign Secretary David Lammy at a stately home south of London. Global economics, Israel's war in Gaza and Russia's full-scale invasion of Ukraine were on the agenda for their discussions. Taking questions from reporters before their talks, Vance addressed the UK decision to recognise a Palestinian state in September unless Israel agrees to a ceasefire in Gaza. He said he wasn't sure what such recognition would even mean, "given the lack of a functional government there". Asked whether Trump had been given a heads-up on Israel's announced intent to occupy Gaza City, Vance said he wouldn't go into such conversations. "If it (were) easy to bring peace to that region of the world, it would have been done already," he said. The meeting comes as the United Kingdom tries to come to favourable terms for steel and aluminium exports to the US and the two sides work out details of a broader trade deal announced at the end of June. Russian President Vladimir Putin said on Thursday that he hoped to meet with US President Donald Trump next week, comments that came a day before Trump's deadline for Moscow to show progress in ending the nearly 3.5-year war in Ukraine. While Trump has focused on bilateral talks with Putin, UK Prime Minister Keir Starmer and other European leaders have stressed that Ukraine must be part of any negotiations on ending the war. The meeting took place at Chevening, an almost 400-year-old mansion surrounded by 3000 acres of gardens that serves as the foreign secretary's official country residence. About two dozen protesters were spotted on the road before the turn-off to the stately home. Vance and Lammy, come from opposite ends of the political spectrum but have made a personal connection through their hardscrabble childhoods and Christian faith. While Lammy is a member of the left-leaning Labour Party and Vance is a conservative Republican who supports Trump's America First agenda, the two men have bonded in recent months. Lammy told the Guardian newspaper that the two men can relate over their "dysfunctional" working-class childhoods and that he considers Vance a "friend". After spending a few days at Chevening, Vance and his family will head to the Cotswolds, an area that has become popular with wealthy American tourists because of its quaint villages, stone cottages and rural countryside that hark back to old England. The Vance family's trip will include official engagements, fundraising, visits to cultural sites and museums and meeting with US troops, according to a person familiar with Vance's trip who wasn't authorised to speak publicly. Vance and his family have reportedly rented a house in the village of Charlbury, 19 kilometres west of Oxford, according to British media outlets. "That area is very fashionable," Plum Sykes, a socialite, told The Times. "If you wanted to be in the super-hot, super-social Cotswolds, that's where you'd been this mass exodus from America to the Cotswolds. Americans just cannot get over the charm. Then power and money attract power and money." US Vice President JD Vance has held official talks and gone fishing with UK Foreign Secretary David Lammy at a stately home south of London. Global economics, Israel's war in Gaza and Russia's full-scale invasion of Ukraine were on the agenda for their discussions. Taking questions from reporters before their talks, Vance addressed the UK decision to recognise a Palestinian state in September unless Israel agrees to a ceasefire in Gaza. He said he wasn't sure what such recognition would even mean, "given the lack of a functional government there". Asked whether Trump had been given a heads-up on Israel's announced intent to occupy Gaza City, Vance said he wouldn't go into such conversations. "If it (were) easy to bring peace to that region of the world, it would have been done already," he said. The meeting comes as the United Kingdom tries to come to favourable terms for steel and aluminium exports to the US and the two sides work out details of a broader trade deal announced at the end of June. Russian President Vladimir Putin said on Thursday that he hoped to meet with US President Donald Trump next week, comments that came a day before Trump's deadline for Moscow to show progress in ending the nearly 3.5-year war in Ukraine. While Trump has focused on bilateral talks with Putin, UK Prime Minister Keir Starmer and other European leaders have stressed that Ukraine must be part of any negotiations on ending the war. The meeting took place at Chevening, an almost 400-year-old mansion surrounded by 3000 acres of gardens that serves as the foreign secretary's official country residence. About two dozen protesters were spotted on the road before the turn-off to the stately home. Vance and Lammy, come from opposite ends of the political spectrum but have made a personal connection through their hardscrabble childhoods and Christian faith. While Lammy is a member of the left-leaning Labour Party and Vance is a conservative Republican who supports Trump's America First agenda, the two men have bonded in recent months. Lammy told the Guardian newspaper that the two men can relate over their "dysfunctional" working-class childhoods and that he considers Vance a "friend". After spending a few days at Chevening, Vance and his family will head to the Cotswolds, an area that has become popular with wealthy American tourists because of its quaint villages, stone cottages and rural countryside that hark back to old England. The Vance family's trip will include official engagements, fundraising, visits to cultural sites and museums and meeting with US troops, according to a person familiar with Vance's trip who wasn't authorised to speak publicly. Vance and his family have reportedly rented a house in the village of Charlbury, 19 kilometres west of Oxford, according to British media outlets. "That area is very fashionable," Plum Sykes, a socialite, told The Times. "If you wanted to be in the super-hot, super-social Cotswolds, that's where you'd been this mass exodus from America to the Cotswolds. Americans just cannot get over the charm. Then power and money attract power and money." US Vice President JD Vance has held official talks and gone fishing with UK Foreign Secretary David Lammy at a stately home south of London. Global economics, Israel's war in Gaza and Russia's full-scale invasion of Ukraine were on the agenda for their discussions. Taking questions from reporters before their talks, Vance addressed the UK decision to recognise a Palestinian state in September unless Israel agrees to a ceasefire in Gaza. He said he wasn't sure what such recognition would even mean, "given the lack of a functional government there". Asked whether Trump had been given a heads-up on Israel's announced intent to occupy Gaza City, Vance said he wouldn't go into such conversations. "If it (were) easy to bring peace to that region of the world, it would have been done already," he said. The meeting comes as the United Kingdom tries to come to favourable terms for steel and aluminium exports to the US and the two sides work out details of a broader trade deal announced at the end of June. Russian President Vladimir Putin said on Thursday that he hoped to meet with US President Donald Trump next week, comments that came a day before Trump's deadline for Moscow to show progress in ending the nearly 3.5-year war in Ukraine. While Trump has focused on bilateral talks with Putin, UK Prime Minister Keir Starmer and other European leaders have stressed that Ukraine must be part of any negotiations on ending the war. The meeting took place at Chevening, an almost 400-year-old mansion surrounded by 3000 acres of gardens that serves as the foreign secretary's official country residence. About two dozen protesters were spotted on the road before the turn-off to the stately home. Vance and Lammy, come from opposite ends of the political spectrum but have made a personal connection through their hardscrabble childhoods and Christian faith. While Lammy is a member of the left-leaning Labour Party and Vance is a conservative Republican who supports Trump's America First agenda, the two men have bonded in recent months. Lammy told the Guardian newspaper that the two men can relate over their "dysfunctional" working-class childhoods and that he considers Vance a "friend". After spending a few days at Chevening, Vance and his family will head to the Cotswolds, an area that has become popular with wealthy American tourists because of its quaint villages, stone cottages and rural countryside that hark back to old England. The Vance family's trip will include official engagements, fundraising, visits to cultural sites and museums and meeting with US troops, according to a person familiar with Vance's trip who wasn't authorised to speak publicly. Vance and his family have reportedly rented a house in the village of Charlbury, 19 kilometres west of Oxford, according to British media outlets. "That area is very fashionable," Plum Sykes, a socialite, told The Times. "If you wanted to be in the super-hot, super-social Cotswolds, that's where you'd been this mass exodus from America to the Cotswolds. Americans just cannot get over the charm. Then power and money attract power and money." US Vice President JD Vance has held official talks and gone fishing with UK Foreign Secretary David Lammy at a stately home south of London. Global economics, Israel's war in Gaza and Russia's full-scale invasion of Ukraine were on the agenda for their discussions. Taking questions from reporters before their talks, Vance addressed the UK decision to recognise a Palestinian state in September unless Israel agrees to a ceasefire in Gaza. He said he wasn't sure what such recognition would even mean, "given the lack of a functional government there". Asked whether Trump had been given a heads-up on Israel's announced intent to occupy Gaza City, Vance said he wouldn't go into such conversations. "If it (were) easy to bring peace to that region of the world, it would have been done already," he said. The meeting comes as the United Kingdom tries to come to favourable terms for steel and aluminium exports to the US and the two sides work out details of a broader trade deal announced at the end of June. Russian President Vladimir Putin said on Thursday that he hoped to meet with US President Donald Trump next week, comments that came a day before Trump's deadline for Moscow to show progress in ending the nearly 3.5-year war in Ukraine. While Trump has focused on bilateral talks with Putin, UK Prime Minister Keir Starmer and other European leaders have stressed that Ukraine must be part of any negotiations on ending the war. The meeting took place at Chevening, an almost 400-year-old mansion surrounded by 3000 acres of gardens that serves as the foreign secretary's official country residence. About two dozen protesters were spotted on the road before the turn-off to the stately home. Vance and Lammy, come from opposite ends of the political spectrum but have made a personal connection through their hardscrabble childhoods and Christian faith. While Lammy is a member of the left-leaning Labour Party and Vance is a conservative Republican who supports Trump's America First agenda, the two men have bonded in recent months. Lammy told the Guardian newspaper that the two men can relate over their "dysfunctional" working-class childhoods and that he considers Vance a "friend". After spending a few days at Chevening, Vance and his family will head to the Cotswolds, an area that has become popular with wealthy American tourists because of its quaint villages, stone cottages and rural countryside that hark back to old England. The Vance family's trip will include official engagements, fundraising, visits to cultural sites and museums and meeting with US troops, according to a person familiar with Vance's trip who wasn't authorised to speak publicly. Vance and his family have reportedly rented a house in the village of Charlbury, 19 kilometres west of Oxford, according to British media outlets. "That area is very fashionable," Plum Sykes, a socialite, told The Times. "If you wanted to be in the super-hot, super-social Cotswolds, that's where you'd been this mass exodus from America to the Cotswolds. Americans just cannot get over the charm. Then power and money attract power and money."
Perth Now
11 hours ago
- Perth Now
JD Vance mixes diplomacy and fishing on UK trip
US Vice President JD Vance has held official talks and gone fishing with UK Foreign Secretary David Lammy at a stately home south of London. Global economics, Israel's war in Gaza and Russia's full-scale invasion of Ukraine were on the agenda for their discussions. Taking questions from reporters before their talks, Vance addressed the UK decision to recognise a Palestinian state in September unless Israel agrees to a ceasefire in Gaza. He said he wasn't sure what such recognition would even mean, "given the lack of a functional government there". Asked whether Trump had been given a heads-up on Israel's announced intent to occupy Gaza City, Vance said he wouldn't go into such conversations. "If it (were) easy to bring peace to that region of the world, it would have been done already," he said. The meeting comes as the United Kingdom tries to come to favourable terms for steel and aluminium exports to the US and the two sides work out details of a broader trade deal announced at the end of June. Russian President Vladimir Putin said on Thursday that he hoped to meet with US President Donald Trump next week, comments that came a day before Trump's deadline for Moscow to show progress in ending the nearly 3.5-year war in Ukraine. While Trump has focused on bilateral talks with Putin, UK Prime Minister Keir Starmer and other European leaders have stressed that Ukraine must be part of any negotiations on ending the war. The meeting took place at Chevening, an almost 400-year-old mansion surrounded by 3000 acres of gardens that serves as the foreign secretary's official country residence. About two dozen protesters were spotted on the road before the turn-off to the stately home. Vance and Lammy, come from opposite ends of the political spectrum but have made a personal connection through their hardscrabble childhoods and Christian faith. While Lammy is a member of the left-leaning Labour Party and Vance is a conservative Republican who supports Trump's America First agenda, the two men have bonded in recent months. Lammy told the Guardian newspaper that the two men can relate over their "dysfunctional" working-class childhoods and that he considers Vance a "friend". After spending a few days at Chevening, Vance and his family will head to the Cotswolds, an area that has become popular with wealthy American tourists because of its quaint villages, stone cottages and rural countryside that hark back to old England. The Vance family's trip will include official engagements, fundraising, visits to cultural sites and museums and meeting with US troops, according to a person familiar with Vance's trip who wasn't authorised to speak publicly. Vance and his family have reportedly rented a house in the village of Charlbury, 19 kilometres west of Oxford, according to British media outlets. "That area is very fashionable," Plum Sykes, a socialite, told The Times. "If you wanted to be in the super-hot, super-social Cotswolds, that's where you'd been this mass exodus from America to the Cotswolds. Americans just cannot get over the charm. Then power and money attract power and money."
The Advertiser
14 hours ago
- The Advertiser
India pauses plans to buy US arms after Trump's tariffs
New Delhi has put on hold its plans to procure new US weapons and aircraft, according to three officials familiar with the matter, in India's first concrete sign of discontent after tariffs imposed on its exports by President Donald Trump dragged ties to their lowest level in decades. India had been planning to send Defence Minister Rajnath Singh to Washington in the coming weeks for an announcement on some of the purchases, but that trip has been cancelled, two of the people said. Trump, on August 6, imposed an additional 25 per cent tariff on Indian goods as punishment for Delhi's purchases of Russian oil, which he said meant the country was funding Russia's invasion of Ukraine. That raised the total duty on Indian exports to 50 per cent - among the highest of any US trading partner. The president has a history of rapidly reversing himself on tariffs and India has said it remains actively engaged in discussions with Washington. One of the officials said the defence purchases could go ahead once India had clarity on tariffs and the direction of bilateral ties, but "just not as soon as they were expected to". Written instructions had not been given to pause the purchases, another official said, indicating that Delhi had the option to quickly reverse course, though there was "no forward movement at least for now". Post publication of this story, India's government issued a statement it attributed to a Ministry of Defence source describing news reports of a pause in the talks as "false and fabricated." The statement also said procurement was progressing as per "extant procedures". Delhi, which has forged a close partnership with America in recent years, has said it is being unfairly targeted and that Washington and its European allies continue to trade with Moscow when it is in their interest. Reuters is reporting for the first time that discussions on India's purchases of Stryker combat vehicles made by General Dynamics Land Systems and Javelin anti-tank missiles developed by Raytheon and Lockheed Martin have been paused due to the tariffs. Trump and Indian Prime Minister Narendra Modi had in February announced plans to pursue procurement and joint production of those items. Singh had also been planning to announce the purchase of six Boeing P8I reconnaissance aircraft and support systems for the Indian Navy during his now-cancelled trip, two of the people said. Talks over procuring the aircraft in a proposed $US3.6 billion ($A5.5 billion) deal were at an advanced stage, according to the officials. Boeing, Lockheed Martin and General Dynamics referred queries to the Indian and US governments. Raytheon did not return a request for comment. India's deepening security relationship with the US, which is fuelled by their shared strategic rivalry with China, was heralded by many US analysts as one of the key areas of foreign-policy progress in the first Trump administration. Delhi is the world's second-largest arms importer and Russia has traditionally been its top supplier. India has in recent years, however, shifted to importing from Western powers like France, Israel and the US, according to the Stockholm International Peace Research Institute think-tank. The shift in suppliers was driven partly by constraints on Russia's ability to export arms, which it is utilising heavily in its invasion of Ukraine. Some Russian weapons have also performed poorly on the battlefield, according to Western analysts. The broader US-India defence partnership, which includes intelligence sharing and joint military exercises, continues without hiccups, one of the Indian officials said. India also remains open to scaling back oil imports from Russia and is open to making deals elsewhere, including the US, if it can get similar prices, according to two other Indian sources. Trump's threats and rising anti-US nationalism in India have "made it politically difficult for Modi to make the shift from Russia to the US," one of the officials said. New Delhi has put on hold its plans to procure new US weapons and aircraft, according to three officials familiar with the matter, in India's first concrete sign of discontent after tariffs imposed on its exports by President Donald Trump dragged ties to their lowest level in decades. India had been planning to send Defence Minister Rajnath Singh to Washington in the coming weeks for an announcement on some of the purchases, but that trip has been cancelled, two of the people said. Trump, on August 6, imposed an additional 25 per cent tariff on Indian goods as punishment for Delhi's purchases of Russian oil, which he said meant the country was funding Russia's invasion of Ukraine. That raised the total duty on Indian exports to 50 per cent - among the highest of any US trading partner. The president has a history of rapidly reversing himself on tariffs and India has said it remains actively engaged in discussions with Washington. One of the officials said the defence purchases could go ahead once India had clarity on tariffs and the direction of bilateral ties, but "just not as soon as they were expected to". Written instructions had not been given to pause the purchases, another official said, indicating that Delhi had the option to quickly reverse course, though there was "no forward movement at least for now". Post publication of this story, India's government issued a statement it attributed to a Ministry of Defence source describing news reports of a pause in the talks as "false and fabricated." The statement also said procurement was progressing as per "extant procedures". Delhi, which has forged a close partnership with America in recent years, has said it is being unfairly targeted and that Washington and its European allies continue to trade with Moscow when it is in their interest. Reuters is reporting for the first time that discussions on India's purchases of Stryker combat vehicles made by General Dynamics Land Systems and Javelin anti-tank missiles developed by Raytheon and Lockheed Martin have been paused due to the tariffs. Trump and Indian Prime Minister Narendra Modi had in February announced plans to pursue procurement and joint production of those items. Singh had also been planning to announce the purchase of six Boeing P8I reconnaissance aircraft and support systems for the Indian Navy during his now-cancelled trip, two of the people said. Talks over procuring the aircraft in a proposed $US3.6 billion ($A5.5 billion) deal were at an advanced stage, according to the officials. Boeing, Lockheed Martin and General Dynamics referred queries to the Indian and US governments. Raytheon did not return a request for comment. India's deepening security relationship with the US, which is fuelled by their shared strategic rivalry with China, was heralded by many US analysts as one of the key areas of foreign-policy progress in the first Trump administration. Delhi is the world's second-largest arms importer and Russia has traditionally been its top supplier. India has in recent years, however, shifted to importing from Western powers like France, Israel and the US, according to the Stockholm International Peace Research Institute think-tank. The shift in suppliers was driven partly by constraints on Russia's ability to export arms, which it is utilising heavily in its invasion of Ukraine. Some Russian weapons have also performed poorly on the battlefield, according to Western analysts. The broader US-India defence partnership, which includes intelligence sharing and joint military exercises, continues without hiccups, one of the Indian officials said. India also remains open to scaling back oil imports from Russia and is open to making deals elsewhere, including the US, if it can get similar prices, according to two other Indian sources. Trump's threats and rising anti-US nationalism in India have "made it politically difficult for Modi to make the shift from Russia to the US," one of the officials said. New Delhi has put on hold its plans to procure new US weapons and aircraft, according to three officials familiar with the matter, in India's first concrete sign of discontent after tariffs imposed on its exports by President Donald Trump dragged ties to their lowest level in decades. India had been planning to send Defence Minister Rajnath Singh to Washington in the coming weeks for an announcement on some of the purchases, but that trip has been cancelled, two of the people said. Trump, on August 6, imposed an additional 25 per cent tariff on Indian goods as punishment for Delhi's purchases of Russian oil, which he said meant the country was funding Russia's invasion of Ukraine. That raised the total duty on Indian exports to 50 per cent - among the highest of any US trading partner. The president has a history of rapidly reversing himself on tariffs and India has said it remains actively engaged in discussions with Washington. One of the officials said the defence purchases could go ahead once India had clarity on tariffs and the direction of bilateral ties, but "just not as soon as they were expected to". Written instructions had not been given to pause the purchases, another official said, indicating that Delhi had the option to quickly reverse course, though there was "no forward movement at least for now". Post publication of this story, India's government issued a statement it attributed to a Ministry of Defence source describing news reports of a pause in the talks as "false and fabricated." The statement also said procurement was progressing as per "extant procedures". Delhi, which has forged a close partnership with America in recent years, has said it is being unfairly targeted and that Washington and its European allies continue to trade with Moscow when it is in their interest. Reuters is reporting for the first time that discussions on India's purchases of Stryker combat vehicles made by General Dynamics Land Systems and Javelin anti-tank missiles developed by Raytheon and Lockheed Martin have been paused due to the tariffs. Trump and Indian Prime Minister Narendra Modi had in February announced plans to pursue procurement and joint production of those items. Singh had also been planning to announce the purchase of six Boeing P8I reconnaissance aircraft and support systems for the Indian Navy during his now-cancelled trip, two of the people said. Talks over procuring the aircraft in a proposed $US3.6 billion ($A5.5 billion) deal were at an advanced stage, according to the officials. Boeing, Lockheed Martin and General Dynamics referred queries to the Indian and US governments. Raytheon did not return a request for comment. India's deepening security relationship with the US, which is fuelled by their shared strategic rivalry with China, was heralded by many US analysts as one of the key areas of foreign-policy progress in the first Trump administration. Delhi is the world's second-largest arms importer and Russia has traditionally been its top supplier. India has in recent years, however, shifted to importing from Western powers like France, Israel and the US, according to the Stockholm International Peace Research Institute think-tank. The shift in suppliers was driven partly by constraints on Russia's ability to export arms, which it is utilising heavily in its invasion of Ukraine. Some Russian weapons have also performed poorly on the battlefield, according to Western analysts. The broader US-India defence partnership, which includes intelligence sharing and joint military exercises, continues without hiccups, one of the Indian officials said. India also remains open to scaling back oil imports from Russia and is open to making deals elsewhere, including the US, if it can get similar prices, according to two other Indian sources. Trump's threats and rising anti-US nationalism in India have "made it politically difficult for Modi to make the shift from Russia to the US," one of the officials said. New Delhi has put on hold its plans to procure new US weapons and aircraft, according to three officials familiar with the matter, in India's first concrete sign of discontent after tariffs imposed on its exports by President Donald Trump dragged ties to their lowest level in decades. India had been planning to send Defence Minister Rajnath Singh to Washington in the coming weeks for an announcement on some of the purchases, but that trip has been cancelled, two of the people said. Trump, on August 6, imposed an additional 25 per cent tariff on Indian goods as punishment for Delhi's purchases of Russian oil, which he said meant the country was funding Russia's invasion of Ukraine. That raised the total duty on Indian exports to 50 per cent - among the highest of any US trading partner. The president has a history of rapidly reversing himself on tariffs and India has said it remains actively engaged in discussions with Washington. One of the officials said the defence purchases could go ahead once India had clarity on tariffs and the direction of bilateral ties, but "just not as soon as they were expected to". Written instructions had not been given to pause the purchases, another official said, indicating that Delhi had the option to quickly reverse course, though there was "no forward movement at least for now". Post publication of this story, India's government issued a statement it attributed to a Ministry of Defence source describing news reports of a pause in the talks as "false and fabricated." The statement also said procurement was progressing as per "extant procedures". Delhi, which has forged a close partnership with America in recent years, has said it is being unfairly targeted and that Washington and its European allies continue to trade with Moscow when it is in their interest. Reuters is reporting for the first time that discussions on India's purchases of Stryker combat vehicles made by General Dynamics Land Systems and Javelin anti-tank missiles developed by Raytheon and Lockheed Martin have been paused due to the tariffs. Trump and Indian Prime Minister Narendra Modi had in February announced plans to pursue procurement and joint production of those items. Singh had also been planning to announce the purchase of six Boeing P8I reconnaissance aircraft and support systems for the Indian Navy during his now-cancelled trip, two of the people said. Talks over procuring the aircraft in a proposed $US3.6 billion ($A5.5 billion) deal were at an advanced stage, according to the officials. Boeing, Lockheed Martin and General Dynamics referred queries to the Indian and US governments. Raytheon did not return a request for comment. India's deepening security relationship with the US, which is fuelled by their shared strategic rivalry with China, was heralded by many US analysts as one of the key areas of foreign-policy progress in the first Trump administration. Delhi is the world's second-largest arms importer and Russia has traditionally been its top supplier. India has in recent years, however, shifted to importing from Western powers like France, Israel and the US, according to the Stockholm International Peace Research Institute think-tank. The shift in suppliers was driven partly by constraints on Russia's ability to export arms, which it is utilising heavily in its invasion of Ukraine. Some Russian weapons have also performed poorly on the battlefield, according to Western analysts. The broader US-India defence partnership, which includes intelligence sharing and joint military exercises, continues without hiccups, one of the Indian officials said. India also remains open to scaling back oil imports from Russia and is open to making deals elsewhere, including the US, if it can get similar prices, according to two other Indian sources. Trump's threats and rising anti-US nationalism in India have "made it politically difficult for Modi to make the shift from Russia to the US," one of the officials said.
