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News from October 8, 2025

670 articles found

Elon Musk agrees to settle $128M fired Twitter executives' lawsuit
Technology

Elon Musk agrees to settle $128M fired Twitter executives' lawsuit

Oct. 8 (UPI) -- Tech entrepreneur Elon Musk has agreed to settle a lawsuit filed by four former Twitter executives, whom he fired after taking ownership of the social media site. The four executives were fired in 2022 after Musk purchased Twitter, which he renamed X, but they did not receive more than $128 million in severance pay, The Verge reported on Wednesday. A case update in the U.S. District Court for Northern California indicates former Twitter Chief Executive Officer Parag Agrawal, Chief Legal Officer Vijaya Gadde, Chief Financial Officer Ned Segal and general counsel Sean Edgett have reached an undisclosed settlement to end the legal matter that was filed in March 2024. The four former Twitter executives accused Musk and X of firing them after they worked to hold him to a $44 billion offer to buy Twitterthat was accepted, but Musk tried to stop from happening, according to TechCrunch. They also accused Musk and X of closing the buyout early, which deprived the executives of the opportunity to sell stock options valued at a combined $200 million. The lawsuit filed by the former social media site executives cited a passage in author Walter Isaacson's Musk biography. The passage says Musk said he would "hunt every single one" of the high-level Twitter executives "till the day they die," TechCrunch reported. The terms of the reported settlement are not available, but the case will resume if the settlement terms are not met by Oct. 31, The Verge reported. The settlement announcement comes after Musk earlier settled a class action lawsuit filed against him by about 6,000 former Twitter workers over severance pay. The plaintiffs in that case said they either did not receive severance pay or were paid less than they were supposed to receive.

Mike Heuer
‘Gen V’ Boss on Cipher’s Captive Secret and Master Plan, How Final Episodes of Season 2 Will Set Up ‘The Boys’ Ending
Technology

‘Gen V’ Boss on Cipher’s Captive Secret and Master Plan, How Final Episodes of Season 2 Will Set Up ‘The Boys’ Ending

SPOILER ALERT: This story contains spoilers for Season 2, Episode 6 of “Gen V,” now streaming on Amazon’s Prime Video. This week’s episode of “Gen V” Season 2 dropped a lot of news, most of which was learned during the God U students’ time in former Vought boss Stan Edgar’s (Giancarlo Esposito) “weird billionaire bunker,” […]

Jennifer Maas
BUDI95 and the long road to fiscal consolidation
Technology

BUDI95 and the long road to fiscal consolidation

Letter to the Editor The introduction of the Budi Madani RON95 (BUDI95) fuel subsidy retargeting marks a new era in Malaysian politics, decisively abandoning blanket subsidies. There also appears to be a shift away from the administratively challenging mechanisms associated with income-based targeting, towards a more verifiable system that targets consumption. However, this policy is not nearly as unprecedented as some make it out to be. The income-based targeting impasse The current consumption-based cap was preceded by significant policy discussion regarding income-based targeting, specifically excluding high-income earners (T15 or T20) from RON95 subsidy eligibility entirely. While this would be theoretically equitable, linking fuel price eligibility directly to income level would be difficult to implement quickly and effectively. The primary constraint is that it has been fairly easy for the rich in Malaysia to hide their wealth, whether through under-declaring income or offshoring assets, while benefiting from government assistance designed to help the most vulnerable members of society. According to the Inland Revenue Board (LHDN), only 17.8% to 19% of Malaysians in the workforce paid income tax between 2015 and 2022. Compared to regional counterparts, the top marginal income tax rate is both lower and triggered at a higher income threshold. The under-declaration of income and over-declaration of expenditure to get more personal tax relief, coupled with the failure to account for gig workers, leaves a large deposit of potential revenue that remains uncollected by the federal government. This severely undercuts the government’s ability to finance operational expenditure, for which it cannot take out loans. A new taxation philosophy? Hence, the introduction of e-invoicing, platforms to report tax evasion, the augmented list of items taxable under the sales and service tax (SST) regime appear to have foreshadowed the 13th Malaysia Plan’s new philosophy: improving standards of living through enhanced governance and adoption of regulatory technology. The new fuel subsidy rationalisation is the latest in this new line of policy moves. While RON95 rationalisation in this way secures meaningful support for the majority of citizens (as this volume covers over 99% of private vehicle owners), it also leverages the consolidation of government data through the government's central database hub (Padu) to eliminate major sources of leakage and fraud. Both the finance and the domestic trade and cost of living ministries are also working with oil companies to deploy sophisticated monitoring tools designed to track purchases and flag suspicious consumption patterns. Specific safeguards have been implemented to target known sources of leakage. Firstly, foreign nationals are explicitly excluded from the subsidy scheme and must pay the market price for RON95 (around RM2.60/litre), while drivers of foreign-registered vehicles are restricted entirely to the premium, non-subsidised RON97 grade. Repeated fills will also be flagged by the system, designed to prevent multiple high-volume refuelling attempts within a single day. This control directly combats commercial siphoning, illegal bulk purchases, and the risk of resale across porous borders. In cases where high-volume usage is legitimate, such as e-hailing or fishing, the government has allowed users to apply for higher allocations. The system will then cross-check with platform data to verify commercial necessity, and prevent systemic abuse. The projected annual fiscal savings, ranging between RM2.5 billion and RM4 billion, while relatively modest, show proof of concept for a retargeting mechanism that will be foundational to strengthening public finances and narrowing the fiscal deficit in years to come. Behavioural conditioning towards sustainable consumerism The policy also establishes a clear benchmark for responsible consumption patterns by punishing high-volume and inefficient usage, forcing Malaysians to confront the true cost of their overconsumption. Blanket fuel subsidies have, in the decades since their implementation, subsidised large-scale consumption inefficiency by incentivising the wealthy to maintain large, resource-intensive vehicle fleets. This distorted the domestic automotive market, prioritising vehicles with high energy dependency and embedding long-term fiscal cost into the country's economic structure. Nevertheless, the 300-litre threshold established by the government takes even this distortion into account, with indications from the Household Income and Expenditure Survey that this will cover monthly fuel requirements for 99% of private vehicle owners nationwide. The consumption cap also functions as an indirect mechanism for penalising carbon inefficiency. By increasing the marginal cost of fuel only for the heaviest users, the policy levies a higher effective price on consumption volumes deemed non-essential or environmentally excessive. This structurally embeds the true financial cost of high carbon consumption for the top consuming tier. This direct financial pressure incentivises high-volume users to immediately adjust their behaviour, either by adopting more fuel-efficient driving habits or, critically, by making future purchasing decisions toward smaller, more economical vehicles, or considering alternative sources of transportation. While the high coverage rate means there will be little to no immediate financial pressure for most, the policy is calibrated to create a sustained signal that guides long-term fleet renewal and vehicle purchasing decisions toward energy efficiency. Fuel subsidy reform: a catalyst for green mobility The fuel subsidy reform and the simultaneous enhancement of Electric Vehicle (EV) incentives should not be seen as isolated policies, but as components of a national energy transition strategy. The consumption cap now provides a necessary cost-based "push", while the EV incentives supply the financial "pull", creating a powerful dynamic that accelerates the adoption of green mobility technologies. The consumption cap ensures that the most excessive consumers of fossil fuel are financially exposed to the increasing marginal cost of their usage. This exposure targets the group most likely to benefit from a shift to EVs, due to high accumulated fuel costs. This is where the policy synchronisation kicks in: the government has already minimised the shock of transition by ensuring that key EV duty exemptions remain active as the cost of heavy fossil fuel usage rises. The announcement of several new public transportation lines will further disincentivise personal vehicle ownership. As the price gap between high fossil fuel usage and ownership costs for EV becomes starker, these incentives provide optimal conditions for market migration into greener transportation options. Lauren Lopez is an FMT reader. The views expressed are those of the writer and do not necessarily reflect those of FMT.

Letter To The Editor
Rangers must address these details after season-opening loss to Penguins
Technology

Rangers must address these details after season-opening loss to Penguins

The New York Rangers started the 2025-26 season poorly, as the opening night at Madison Square Garden ended with a 3-0 loss to the Pittsburgh Penguins. This result overshadowed the official debut of Mike Sullivan as coach of the Rangers and the first game of J.T. Miller as captain of the franchise. That said, two empty net goals at the end masked a game that was closer than the score reflects. Justin Brazeau scored near the end of the first period, and then there were two empty netters in the final minutes, from Brazeau and Blake Lizotte. Igor Shesterkin saved 27 of 28, keeping the Rangers alive for a long period. The match was stuck and there were few clear chances, remaining at 1-0 for almost the entire game. Sullivan's team fell into the defensive pace proposed by the Penguins. What went wrong for the Rangers in their loss to the Penguins It was not a total tactical disaster for the Rangers, but there were specific details that can be linked to the result. There was a lack of offensive interiority from the Blueshirts. New York lived on the perimeter, without traffic, without second chances, and without backdoor runs. It became evident that a goaltender in rhythm, like Arturs Silovs, sees everything and shuts you down. Although Zibanejad and Lafreniere generated volume, the team did not produce the type of danger that moves the scoreboard. There were also misalignments in the defensive pair made up of Adam Fox and Vladislav Gavrikov. The idea of Gavrikov operating as a physical stabilizer to free up Fox did not materialize. Whenever the first breakout fails, the team plays uphill, and the offense becomes more predictable. On the power play, there was a lack of timing and triangulation in the slot. And although on the penalty kill, new rotations were shown that worked in stretches, the defensive zone at five-on-five offered second chances that Shesterkin saved until he could no more. Decision-making under pressure is also an area of opportunity for the Rangers. In the final minutes, the pinches without backup showed anxiety more than an organized aggressiveness. Brazeau's goal came as a result of a lost face-off that was managed poorly, without clear guidance and roles. An elite team cannot afford to have that lack of synchronization. The goal resulted from a disorderly collapse toward the puck carrier, which led to a lost coverage and an open man in the slot. Had there been communication, a high F3, a quick switch to the netfront, and active sticks, that same pattern would have died in an outside shot without danger. It was many small details together that led to this defeat.

Manuel Meza,Yardbarker
Anwar akan bertemu NGO bincang hantar bantuan Gaza melalui Mesir
Technology

Anwar akan bertemu NGO bincang hantar bantuan Gaza melalui Mesir

Anwar Ibrahim berkata beliau akan mengadakan pertemuan dengan NGO Selasa depan untuk membincangkan strategi lebih terperinci gelombang kedua penghantaran bantuan ke Gaza. KUALA LUMPUR: Satu pertemuan bersama beberapa pemimpin NGO akan diadakan minggu depan bagi membincangkan strategi lebih terperinci mengenai pelaksanaan gelombang kedua penghantaran bantuan kemanusiaan ke Gaza, Palestin, melalui jalan darat di Mesir. Perdana Menteri, Anwar Ibrahim, berkata pertemuan Selasa depan itu bagi menyelaras usaha serta mencari kaedah terbaik untuk menyalurkan bantuan ke Gaza. "Dan kalau boleh minggu depan, selepas berunding dengan mereka (NGO), saya akan hubungi Presiden Mesir Abdel Fattah el-Sisi. "Mudah-mudahan laluan ini lebih mudah. Yang penting, mesej kita ialah menyokong perjuangan rakyat Palestin," katanya pada Himpunan Solidariti Bersama Gaza di Axiata Arena, Bukit Jalil malam tadi. Terdahulu, Ketua Pengarah Sumud Nusantara Command Centre (SNCC) Sany Araby Abdul Alim dalam ucapannya memohon keizinan Anwar untuk menggerakkan gelombang kedua misi kemanusiaan menghantar bantuan ke Gaza melalui jalan darat di Mesir. Permohonan itu dibuat selepas aktivis Global Sumud Flotilla (GSF) tidak sempat menyampaikan bantuan kemanusiaan kepada penduduk Gaza apabila semua kapal misi mereka dipintas tentera Israel minggu lalu. Himpunan itu diadakan bagi menyuarakan solidariti terhadap perjuangan rakyat Palestin bersama wira dan wirawati yang menyertai misi kemanusiaan GSF. Khamis lalu, 23 aktivis rakyat Malaysia yang menyertai misi GSF ditahan tentera rejim Zionis selepas kapal mereka dipintas ketika berada di perairan Zon Merah di Laut Mediterranean sebelum dibawa ke pelabuhan Ashdod, Israel. Kesemua mereka dibebaskan dan berlepas dari Lapangan Terbang Ramon, Israel pada Sabtu, menggunakan pesawat komersial Turkish Airlines yang diurus dan ditaja sepenuhnya oleh kerajaan Turki. Mereka selamat tiba di tanah air semalam selepas mendarat dengan selamat di Lapangan Terbang Antarabangsa Kuala Lumpur (KLIA) pada 9.50 malam.

Anne Muhammad
'Appropriate tribute': Trump shares op-ed calling for his face on $250 bill
Technology

'Appropriate tribute': Trump shares op-ed calling for his face on $250 bill

President Donald Trump is doubling down on his push to have his likeness on U.S. currency — this time on paper money. The Daily Beast reported Wednesday that the president recently shared an op-ed on his Truth Social account from Rep. Andy Barr (R-Ky.), who announced he was cosponsoring legislation to put Trump's face on a $250 bill to commemorate the 250th anniversary of the signing of the Declaration of Independence next year. Barr said it was to "reflect the courage of our Founders" and to also recognize the leaders who have "revived the American Dream." "Let us honor the president who has made America great again," Barr wrote. "A $250 bill bearing Donald J. Trump’s image is not only an appropriate tribute — it is a powerful reminder that America’s best days are still ahead." The op-ed, which Barr wrote for the far-right Washington Reporter Substack newsletter, called Trump "the most historic president of our time." He endorsed Trump's aggressive campaign for the Nobel Peace Prize, which the president has specifically asked for after brokering an easing of tensions between Armenia and Azerbaijan, and between Cambodia and Thailand. He particularly lauded his "One Big Beautiful Bill Act" that extended tax cuts for the wealthiest Americans while also making more than $1 trillion in cuts to Medicaid (which provides health insurance for low-income and disabled Americans). "Generations from now, when Americans hold that bill in their hands, they will be reminded that at a pivotal moment in our history, Donald J. Trump restored prosperity, security, and peace," Barr wrote. Trump sharing Barr's op-ed comes on the heels of the Trump administration's Treasury Department announcing a proposal to put Trump's face on a commemorative coin. The image of Trump is of him in front of an American flag with his fist raised, as he was photographed after the first attempt on his life in Butler, Pennsylvania in 2024. If the coin or the $250 bill were issued, it would be the first time since 1926 that a living president was featured on U.S. currency. Calvin Coolidge was still alive when a commemorative coin with his face on it was issued in 1926. Click here to read the Beast's full article (subscription required).

Carl Gibson
Nine Mile Metals Closes Oversubscribed Non Flow Through Private Placement

Nine Mile Metals Closes Oversubscribed Non Flow Through Private Placement

NINE MILE METALS LTD (CSE: NINE) (OTCQB: VMSXF) (FSE: KQ9) (the "Company" or "Nine Mile") has closed the oversubscribed non-flow-through private placement financing. The company issued 12,142,174 units at a price of 1.5 cents per unit for proceeds of $182,132. The company's flow-through private placement is still open, with closing expected shortly.Each unit consists of one common share of the company and one-half common share purchase warrant, with each warrant entitling the holder thereof to purchase one common share at a price of five cents for a period of 36 months.The proceeds raised...

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