Mayor of London: Brexit was a real blow to the UK
Mayor of London Sadiq Khan tells CNBC he thinks Brexit is "the biggest example of self harm ever inflicted by a government," as SXSW gets underway in the city for the first time.
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Elon and Trump's Breakup Results In Hilarious Consequences For Dogecoin
Elon Musk and Donald Trump's nasty feud has had some unintended consequences for the meme coin that inspired the Department of Government Efficiency. As CNBC reports, Dogecoin fell 10 percent on Thursday, the day that the Musk and Trump spat spilled over onto social media, and was down 22 percent week-over-week at its lowest point last night, when it was worth less than 17 cents per token (don't gasp too hard, but it's now soared back up to 18 cents.) Given that it's a meme coin, Doge has never been worth all that much to begin with. At its absolute peak in 2021, the coin traded just under 75 cents thanks to Musk's endorsement — and despite regular peaks and valleys, it's never again surpassed that all-time high. Despite its near-worthlessness, Dogecoin has been a useful metric for tracking the way Musk affects market. As CNBC notes, the meme coin spiked 15 percent in a day when Tesla began accepting it for merchandise in 2022, and jumped 35 percent later that same year when Musk bought Twitter. Just as Doge giveth, Doge seems to taketh away. The unelected billionaire has entirely squandered the gains he garnered for the meme coin when riding on Trump's coattails, first with the announcement of the agency's creation and again when its official website was launched just after the president's inauguration. As Cointelegraph reports, the coin could be poised to slip even further. Dogecoin's three-week Trump slump suggests, per the site's analysis, that it could fall to as little as six cents per coin if its bearish streak continues. Should it continue to fall, a massive selloff event may occur as itchy investors seek to rid themselves of the tarnished token. Over on the everything app, Doge bros are, as usual, acting absolutely bonkers about the coin's chances of survival. "Looks like yesterday was just another bear trap for Dogecoin," one such investor tweeted alongside a chart showing projected "euphoric" highs that almost certainly will not be attained. "Let's go!" In another unrealistic prognostication that borders on tragic, one account shared a graphic explaining that if investors "hold together, nobody will fall." "I'll keep reposting till we hit the Dollar," the delulu poster exclaimed. In Washington, the fiery feud between Musk and Trump has shaken the status quo — but for crypto types, it's just another weekend. More on meme coins: You'll Never Guess What Happened to Trump's Meme Coin After He Announced His Tariffs
CNBC
10 hours ago
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Elon Musk appears to delete some explosive X posts amid feud with Trump
Elon Musk has appeared to delete some of his posts on his social media platform X that escalated his bitter feud with President Donald Trump this week. One post, no longer available as of Saturday morning, accused Trump of being mentioned in "files" of the late sex offender Jeffrey Epstein. Musk's accusation, which the White House has disputed, marked an escalation in the public spat between the men. " page doesn't exist. Try searching for something else," said the X page that once displayed Musk's post. On Thursday, Musk also responded "yes" to a user's post that called for Trump to be impeached and replaced with Vice President JD Vance. That post was also no longer available as of Saturday morning. In an interview on Friday with "manosphere" comedian Theo Von, Vance said Musk was making a "huge mistake" going after Trump, while attempting to downplay the billionaire's attacks as an "emotional guy" who got frustrated. It was not immediately clear why Musk deleted the posts. The White House did not immediately respond to CNBC's request for comment. Nonetheless, it's the latest twist in the rapidly deteriorating relationship between the onetime allies. Just over one week ago, Trump and Musk exchanged compliments at the conclusion of Musk's official time leading the Department of Government Efficiency. But their relationship devolved this week as the two men exchanged barbs on social media, stemming in large part from Musk's vocal opposition to Trump's "big, beautiful bill," CNBC previously reported. In one of the now-deleted posts, Musk accused Trump of being mentioned in files related to Epstein, without providing any evidence of his claim. Musk alleged, "that is the real reason they have not been made public." White House press secretary Karoline Leavitt rejected Musk's allegations. "This is an unfortunate episode from Elon, who is unhappy with the One Big Beautiful Bill because it does not include the policies he wanted," she said in a statement to CNN.
Yahoo
16 hours ago
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SUV drivers should pay more tax, Sadiq Khan told
Sir Sadiq Khan is under pressure to tackle 'car-spreading' by hitting bigger vehicles in London with even higher taxes and parking fees. In a motion passed by the London Assembly, the Mayor has been urged to write to the Government to demand higher vehicle excise duty for heavier vehicles and tighter restrictions on car sizes. Assembly members, 11 of 25 of whom are the Mayor's Labour allies, also urged him to write to councils across the capital to ask them to adopt higher parking fees for bigger cars – a policy some have embraced already. The motion blamed larger cars for clogging up London's streets, putting pedestrians at greater risk of injury or death and causing road surfaces to wear down more quickly. Elly Baker, the Labour assembly member who proposed it, said the capital's streets 'weren't designed for larger vehicles like SUVs'. She said: 'Their greater size, weight, and higher bonnets put vulnerable road users at greater risk, reduce available parking spaces, and cause more wear and tear on our roads. 'It's time we took sensible steps to manage the impact of oversized cars and ensure our streets remain safe and accessible for everyone.' A spokesman for the Mayor said on Friday: 'The Mayor, Transport for London and borough partners are working to eliminate deaths and serious injuries on our roads, by expanding the cycle network, making road crossings and junctions safer, reducing speed limits on our roads, and making larger vehicles like HGVs and buses safer. 'This year the Mayor will be refreshing his Vision Zero Action Plan, to restate his commitment to reducing road danger and responding to new and emerging risks on our roads'. The assembly's call comes after several English local authorities have proposed higher charges for larger or heavier vehicles, amid complaints they occupy more space, produce higher levels of pollution and take a bigger toll on road surfaces. Such charges have been proposed in Haringey, Bath, Oxford and Bristol, among other places, with many councillors taking a lead from Paris, where Left-wing French politicians have launched their own crackdown on SUVs. Sir Sadiq currently lacks the formal powers to introduce such charges himself but has said he is watching developments in the French capital closely. 'SUVs take up more space and we know there's issues around road safety, we know there's issues around carbon emissions and so forth,' he said in February. 'We know some councils in London are taking bold policies in relation to parking fees, in relation to your tickets and so forth. It's really good to work with those councils.' SUVs have grown in popularity in recent years, with many drivers favouring their higher seating position. They accounted for a third of all new car registrations in the UK last year, compared with just 12pc a decade earlier. SUVs are generally taller, wider and heavier than traditional cars, and less fuel-efficient. The increase in the size of cars has been described as car-spreading. However, Edmund King, the president of the AA, said it should be 'up to Londoners to choose the type of vehicle that best fulfils their needs'. He said: 'It is not really the role of the London Assembly to dictate what cars individuals should drive. 'Some larger families may well need bigger vehicles with more passenger seats, whereas a driver conducting most trips alone may well choose a city car. 'London's streets were developed around the horse and cart, so of course our infrastructure needs modernising to keep up with change.' A recent study found that pedestrians and cyclists are 44pc more likely to die if they are hit by an SUV or similar-sized vehicle rather than a traditional car. The analysis produced by the London School of Hygiene and Tropical Medicine and Imperial College London stated that the figure rises to 82pc for children. Meanwhile, research by the campaign group Transport & Environment has previously found the average width of cars in the UK was growing by about half a centimetre per year. A typical car was 180.3cm wide in 2023, up from 177.8cm just five years earlier. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.
