Former French president Nicolas Sarkozy has been sentenced to a year of house arrest after illegally financing his campaign for re-election in 2012. A court in Paris said Sarkozy will be made to wear an electronic monitoring bracelet. The 66-year-old, France’s president from 2007 to 2012, has vigorously denied wrongdoing and will appeal against the
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A general view shows the Wujing Coal-Electricity Power Station in Shanghai on September 28, 2021. Hector Retamal | AFP | Getty Images BEIJING — Local Chinese authorities have abruptly ordered power cuts at many factories in the last week, reflecting a system trying to react to a number of directives from Beijing, and macroeconomic developments.
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It appears the long-running feud between Elon Musk and fellow billionaire Jeff Bezos has surpassed the lower Earth orbit and gone extra-terrestrial. After Bezos’s Blue Origin challenged a NASA contract to Musk’s SpaceX for developing a lander to take astronauts to the Moon for the first time since 1972, Musk called out Bezos on social
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Environmentalists protesting outside Amazon’s shareholder meeting Paayal Zaveri | CNBC Amazon settled with two former employees who the National Labor Relations Board claimed were illegally fired for publicly speaking out about the company’s climate record and labor policies. Terms of the settlement between Amazon and the two employees, Emily Cunningham and Maren Costa, weren’t immediately
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Elizabeth Holmes, left, and Steve Jobs CNBC; David Paul Morris | Bloomberg | Getty Images As the media started comparing Elizabeth Holmes to Steve Jobs, the former Theranos CEO wrote a note to herself that contained three telling words. “Becoming steve jobs -” Holmes wrote on April 2, 2015, according to documents obtained by CNBC.
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