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SoftBank Group Corp. issued a sharp rebuke after S&P Global Ratings cut its long-term credit rating a notch

For years, Elon Musk kept fairly quiet about his political beliefs. He was a registered independent voter in California and claims to have supported Hillary Clinton for president in 2016. But the days of Mr Musk keeping his politics quiet are over. Since the onset of Covid-19, Mr Musk has become increasingly vocal about his right-wing politics — railing against Covid restrictions and work-from-home policies, urging people to support Republicans in the midterm elections, being accused of tweeting antisemitic statements, and offering a platform to Tucker Carlson. On Wednesday, Mr Musk will reportedly make his most direct foray into the 2024 presidential election yet when he is expected to help Gov Ron DeSantis of Florida launch his campaign. NBC News first reported the collaboration. Mr Musk said that his appearance with Mr DeSantis on Twitter Spaces is not an endorsement. It is, however, another instance of the Twitter owner providing a friendly platform to a far-right figure. The conversation between Mr Musk and Mr DeSantis will be moderated by tech entrepreneur David Sacks, who has given tens of thousands of dollars to the governor’s political committee. “I will be interviewing Ron DeSantis, and he has quite an announcement to make,” Mr Musk said at a Wall Street Journal event on Tuesday. “And it will be the first time that something like this is happening on social media and with real-time questions and answers, unscripted.” Mr Musk appears to be keeping close tabs on the developing Republican primary field. On Monday, Mr Musk retweeted a live stream of Sen Tim Scott of South Carolina announcing his candidacy for president in North Charleston. But Mr Musk has long praised Mr DeSantis, who has pushed during his tenure as Florida governor to ban gender-affirming care for minors, ban discussions of race, gender, and sexuality in public schools, compromise the state’s tenure system, and punish corporations like Disney for their stances on social issues. “Trump would be 82 at end of term, which is too old to be chief executive of anything, let alone the United States of America,” Mr Musk tweeted in July of last year. “If DeSantis runs against Biden in 2024, then DeSantis will easily win – he doesn’t even need to campaign.” Mr Musk appears much less bullish on Mr Trump, even though he reinstated the former president’s Twitter account after he took over the platform. Mr Trump was initially banned from Twitter in the aftermath of the events of January 6. “I don’t hate the man, but it’s time for Trump to hang up his hat & sail into the sunset,” Mr Musk tweeted last year. “Dems should also call off the attack – don’t make it so that Trump’s only way to survive is to regain the Presidency.” Mr Musk also tweeted that Mr Trump is “too much drama,” and asked whether Americans “really want a bull in a china shop situation every single day!?” He also suggested, in one of his standard attempts at humour, that the maximum age for the start of a presidential term should be 69. The fact that Mr DeSantis is launching his campaign on Twitter speaks to the platform’s rising currency with Republican voters under Mr Musk’s leadership. Mr Musk’s embrace of Republican politicians and right-wing talking points has come as his purchase of Twitter has given him an outsize role in shaping public conversation around the campaign. It’s also led to a barrage of hate speech. Since Mr Musk’s takeover of Twitter and reinstatement of a number of previously banned accounts, the amount of hate speech targeting Black people, LGBTQ+ people, Jews, and other groups has surged. “Elon Musk sent up the Bat Signal to every kind of racist, misogynist and homophobe that Twitter was open for business,” Imran Ahmed, chief executive of the Center for Countering Digital Hate, told The New York Times last year. “They have reacted accordingly.” Read More Ron DeSantis to launch 2024 presidential bid on Twitter with Elon Musk Twitter HQ was once a paradise. It’s working with Elon that’s ‘morally wrong’ Musk gadfly has a new jet to track - the one used by Florida Gov. Ron DeSantis Who is David Sacks: the controversial entrepreneur hosting DeSantis 2024 event Casey DeSantis gives cheeky response to reports husband is launching 2024 campaign

The latest NBA rumors have the Dallas Mavericks targeting a disgruntled star, the Charlotte Hornets favoring a prospect at No. 2, and D'Angelo Russell talking way too much.With the NBA Finals on the horizon, most NBA teams are focused on the summer ahead. The draft and free agency are mere ...

David Sacks, an entrepreneur and venture capitalist, will host Florida Governor Ron DeSantis and Tesla CEO Elon Musk in an audio chat on Twitter Spaces on Wednesday (24 May) where Mr DeSantis is expected to announce his campaign for 2024 president. Mr Sacks, 50, is a longtime friend of Mr Musk and supporter of Mr DeSantis. Though Mr Sacks’ name is not as prominent as other tech-industry giants, the entrepreneur has a long history of leading and investing in major companies like PayPal, Yammer, Facebook, Airbnb and more. In more recent years, Mr Sacks has become a major donor to political campaigns for individual Republicans like JD Vance and Mr DeSantis. What experience does Mr Sacks have? Mr Sacks – who was born in Cape Town, South Africa in 1972 and moved to Tennessee with his family as a child – was the Chief Operations Officer (COO) and head of product for PayPal from 1999 until 2002. He has been dubbed part of the “Paypal Mafia”, a group of former PayPal employees who went on to have successful tech companies- like Mr Musk. In 2008, he founded Yammer which became one of the fastest-growing software-as-a-service companies to exist. In 2012, Yammer was acquired by Microsft for $1.2 bn. Mr Sacks co-founded the venture capital firm Craft Ventures in 2017, where he remains a partner. He also has the podcast All-In alongside fellow entrepreneurs Chamath Palihapitiya, Jason Calacanis and David Friedberg. Last year, Mr Sacks was widely reported to be helping out his longtime friend, Mr Musk, behind-the-scenes when his fellow South African-born friend acquired Twitter. What does Mr Sacks believe in? Like Mr Musk, Mr Sacks says he is a proponent of free speech. In a blog post on Medium in 2021, Mr Sacks criticised big tech social media platforms for permanently banning politicians. His belief in free-speech was echoed more recently in an interview with conservative personality Benny Johnson. Mr Sacks accused the media of not allowing anti-vaccine activists and Democratic presidential candidate Robert F Kennedy Jr to speak freely and questioned critics’ justification of saying Mr Kennedy was spreading misinformation. The entrepreneur also expressed support for Tucker Carlson after he was unexpectedly fired from Fox News. Mr Sacks has also been an outspoken critic of US policy towards Ukraine following the Russian invasion that began in February 2022. In a piece for The American Conservative last year, Mr Sacks proposed a peaceful end to the war which included holding referendums on the future of Donbas and Crimea, both of which were illegally occupied by Russian forces in 2014. On Twitter, Mr Sacks is vocal in criticising the US for its involvement in the Ukraine-Russia conflict and has repeatedly clashed with critics of Vladimir Putin, including former US ambassador to Russia Michael McFaul. In October Mr Musk retweeted an article Mr Sacks wrote for Newsweek in which he argued that continued military support for Ukraine could lead to “Woke War III”. The article itself was a response to the backlash Mr Musk received over a Twitter poll suggesting a peace deal which would strongly favour Russian interests. In his Newsweek article, Mr Sacks wrote: “There will be no peaceful resolution to this conflict that America doesn’t at least have a hand in negotiating, and we should be leading the effort. Instead, we’ve been deferring to the Ukrainians and their maximalist demands, upping the sanctions on Russia as Putin ups his rhetoric against the West.” While he has been criticised for his outspoken views despite lacking a foreign policy background, he has argued that his lack of expertise is actually an advantage: “Not being a member of the MIC [military industrial complex] is clearly an advantage in understanding the conflict.” What political candidates has Mr Sacks supported? Since the 1990s, Mr Sacks has supported both Republican and Democratic candidates according to OpenSecrets. His largest donations have gone toward the PAC supporting GOP Ohio Senator JD Vance, the conservative Purple Good Government PAC, Democratic California Governor Gavin Newsom and the Republican National Committee. Over the last two years, Mr Sacks has expressed vocal support for Mr DeSantis on Fox News and Twitter as well as donated to his political campaign. Read More Ron DeSantis to launch 2024 presidential bid on Twitter with Elon Musk Can the chaos from Silicon Valley Bank's fall be contained? Casey DeSantis gives cheeky response to reports husband is launching 2024 campaign The Body in the Woods | An Independent TV Original Documentary The harrowing discovery at centre of The Independent’s new documentary

The Texas Legislature meets for just five months every other year to pass a budget and get through

The number of fires burning in Canada’s top energy-producing province of Alberta declined in recent days, allowing some

After more than three years, the global Covid emergency is officially over. Yet it’s still killing at least

Speaker Kevin McCarthy left the US Capitol late Tuesday afternoon saying the two sides had yet to reach

By David Shepardson WASHINGTON (Reuters) -The Justice Department on Tuesday asked an appeals court panel to vacate an April 2021

Two former foreign executives of SMBC Nikko Securities Inc. will appear in court over their role in allegedly

Donald Trump appeared virtually in Manhattan criminal court on 23 May for the first time since he was charged with 34 felony counts of falsifying business records. Judge Juan Merchan disclosed the terms of a protective order that prohibits the former president from publicly discussing evidence in the case after prosecutors with the New York District Attorney’s office share information with Mr Trump’s legal team in a case stemming from hush money payments during his 2016 campaign. A trial is set to begin on 25 March 2024, days after voting begins in Republican presidential primaries as Mr Trump once again seeks the GOP nomination. He has pleaded not guilty. Mr Trump grew agitated with the announcement of the trial date, waved his hands and shook his head in disapproval, then folded his arms in frustration as he begins to stare down what could be a weeks-long trial in a critical period in the middle of his 2024 campaign. Prosecutors have argued that a protective order was necessary to keep Mr Trump – who already has repeatedly lashed out against Manhattan district attorney Alvin Bragg and Judge Merchan – from broadcasting information about the case before a jury has been selected and a trial begins. Mr Trump will be allowed to publicly discuss the case and defend himself in the public sphere, as he continues to adamantly reject the charges as a “witch hunt” against him, but he risks being held in contempt of court if he uses any evidence handed to his team in an attempt to target witnesses, court staff or others involved with the case. On Tuesday, the former president appeared on a video screen in front of two American flags with golden fringes, seated next to his attorney Todd Blanche. A six-page order on 8 May prohibits the presumptive frontrunner for the Republican nomination for president, who has used his online bully pulpit with an audience of obedient followers to broadcast veiled threats and insults at his perceived enemies, from disseminating “covered materials” on social media platforms “including, but not limited, to Truth Social, Facebook, Instagram, WhatsApp, Twitter, Snapchat, or YouTube, without prior approval from the court.” Mr Trump also cannot disclose the names and identifying information of any personnel from the Manhattan district attorney’s office, “other than sworn members of law enforcement, assistant district attorneys, and expert or fact witnesses (other than summary witnesses)” until a jury has been selected, according to the order. Mr Bagg’s office can also redact identifying information from discovery materials, the judge has said. The former president is “very concerned that his First Amendment rights are being violated by this protective order,” Mr Blanche told the judge on Tuesday. “It’s certainly not a gag order,” Judge Merchan said. “It’s certainly not my intention in any way to impede Mr Trump’s ability to campaign ... He’s certainly free to deny the charges,” he added. “He’s free to do just about anything that doesn’t violate the specific terms of this protective order.” Mr Trump, his former attorney Michael Cohen and the former owner of the National Enquirer David Pecker allegedly worked in concert to“identify, purchase, and bury negative information about him and boost his electoral prospects” leading up to the 2016 presidential election, according to prosecutors. The alleged payments were used to cover up sex scandals as part of a “conspiracy to undermine the integrity of the 2016 election,” according to prosecutors. Hours after he first appeared in criminal court on 4 April, after the judge warned him against making any incendiary remarks or personal attacks, Mr Trump immediately flew back to his Mar-a-Lago resort in Florida, where he went on to do just that. “I have a Trump-hating judge, with a Trump-hating wife and family,” he said that night. He called Mr Bragg “a local failed district attorney” and a “criminal” who should resign. The former president is at the centre of several other civil and criminal investigations, including a $250m lawsuit from New York Attorney General Letitia James, special counsel probes from the US Department of Justice into January 6 and mishandling of classified White House documents at Mar-a-Lago, and a criminal case in Georgia stemming from his attempts to pressure officials to overturn that state’s election results in 2020. Earlier this month, a federal jury found Mr Trump liable for for battery and defamation in a lawsuit from the writer E Jean Carroll, who said the former president raped her in a Manhattan department store in the 1990s. Jurors agreed that Mr Trump “sexually abused” her and then defamed her when he denied her allegations. She was awarded $5m in damages for both claims. Read More Trump news - live: Trump jealously complains about Dominion payout ahead of hush money court appearance

Bernard Arnault, the world’s richest person, had $11.2 billion wiped from his fortune in one day over concerns