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March 2017

Tencent invests $1.8 billion in Tesla for a 5% stake

(Reuters) — Tesla Inc said on Tuesday that Chinese tech giant Tencent Holdings Ltd has invested $1.78 billion in the electric carmaker for a 5 percent stake.Tencent now owns more than 8 million shares in Tesla as of March 24, the carmaker said, making the Chinese company one of its biggest shareholders.Elon Musk-led Tesla has been raising capital…
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Flawed nuclear tender sees £100m payout to firms

Two US firms which lost out on a decommissioning contract to clean up 12 nuclear sites in the UK will receive £97.5m compensation.The move hit shares in the UK engineering firm Babcock International, which headed the group that won the decommissioning deal.Not only was the tender process flawed but the contract itself did not reflect the true…
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