Elon Musk’s trillionaire status at risk; oil price lowest since Iran war began – business live

Rolling coverage of the latest economic and financial news, as drops in SpaceX and Tesla’s shares eat into Musk’s wealthThere are signs that the two main engines of eurozone growth are spluttering back to life, my colleague Phillip Inman writes.The Ifo Institute for Economic Research in Munich, published a monthly business confidence index that has improved for the second consecutive month.“Interestingly, not only expectations but also the current assessment component improved in June.” Continue reading...

Elon Musk’s trillionaire status at risk; oil price lowest since Iran war began – business live

Rolling coverage of the latest economic and financial news, as drops in SpaceX and Tesla’s shares eat into Musk’s wealth

There are signs that the two main engines of eurozone growth are spluttering back to life, my colleague Phillip Inman writes.

The Ifo Institute for Economic Research in Munich, published a monthly business confidence index that has improved for the second consecutive month.

“Interestingly, not only expectations but also the current assessment component improved in June.”

Continue reading...