Tesla shares jumped 6 percent on Monday after CEO Elon Musk disclosed that he had bought $1bn worth of the company’s stock. The move reinforces Musk’s push for greater control over Tesla and comes a week after the company’s board offered him a $1 trillion pay package over the next decade. Musk’s stock purchase –…
Pope Leo XIV has criticized corporate pay packages that award executives vastly higher pay than rank-and-file workers, singling out Tesla‘s proposed near $1 trillion compensation plan for CEO Elon Musk. Why It Matters Speaking about the news that Elon Musk could become the first trillionaire in the world—if Tesla shareholders approve a new compensation plan…
St Peter’s Basilica in Vatican City | Image credit: Julian Elliott Photography/Getty Images An estimated 1.4 billion people travelled internationally in 2024, bringing tourism numbers back up to their pre-pandemic level. While this means more people are able to explore the world again, it also means that some of the world’s most sought-after destinations are…
ROME (AP) — The debate in the Catholic Church over the celebration of the old Latin Mass is heating up just as Pope Leo XIV’s pontificate is getting under way, with the apparent leak of Vatican documents that undermine the stated reason of his predecessor Pope Francis for restricting access to the ancient liturgy. The…
Rome, Italy – For the princes of the Catholic Church, as cardinals are referred to, the conclave is not just about electing a pope. It is also about restocking wardrobes. In recent days, many have swung by central Rome’s famed tailors before the conclave to browse and buy refined clerical vestments that are hard to…
Voting to pick the 267th pope of the Catholic Church has begun today under the vaulted ceiling of the Sistine Chapel. The day kicked off with a service at St Peter’s Basilica at 9am and in the early afternoon, the Vatican’s mobile signal was been turned off to keep those participating in the conclave from…
The leader of Hong Kong’s Catholics has emphasised the need to maintain a “better understanding” and “better relationship” between the Vatican and mainland China, saying that such “bridge-building” under the late Pope Francis should continue. Cardinal Stephen Chow Sau-yan, who is in Rome preparing for the coming conclave that starts on Wednesday to elect a…
The leader of Hong Kong’s Catholics has emphasised the need to maintain a “better understanding” and “better relationship” between the Vatican and mainland China, saying that such “bridge-building” under the late Pope Francis should continue. Cardinal Stephen Chow Sau-yan, who is in Rome preparing for the coming conclave that starts on Wednesday to elect a…