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Riyadh, Saudi Arabia. Xavierarnau | E+ | Getty Images Saudi Arabia’s fourth-quarter real GDP fell 3.7% year-on-year, according to flash estimates published by the General Authority for Statistics on Wednesday. That’s a smaller drop than the 4.4% year-on-year slide in the third quarter. The drop was attributed to a 16.4% decline in oil activities, while
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Elon Musk must give up a compensation package awarded by Tesla’s board of directors that is potentially worth more than $55bn (£43.4bn), a judge has ruled. The Delaware court decision comes five years after a shareholder lawsuit targeted the Tesla chief executive and the directors. The company is incorporated in the state, with oversight for
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HSBC has been fined more than £57m for failing to protect consumer deposits. The fine, totalling £57,417,500, has been levied by the the Bank of England’s Prudential Regulation Authority (PRA) for failing to protect consumer deposits from 2015 to 2022. It’s the second highest fine ever applied by the regulator, reflecting the seriousness of the
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