Tesla is set to have fewer board members.
The electric car company said will shrink its board to seven directors from 11 over the next two years.
Brad Buss, Antonio Gracias, Stephen Jurvetson, and Linda Johnson Rice will not be standing for re-election on the board.
Tesla said the move is not because of any disagreement between the company and the directors.
US states sue to block Paramount’s $110 billion Warner Bros Discovery deal
California and 11 states have sued to block Paramount's $110 billion acquisition of Warner Bros. Discovery, alleging the deal would create a media behemoth with the power to raise prices in film and television.
Dubai steps up coordination to boost supply chains, trade flow
The Dubai Ports Authority has held a coordination meeting with shipping companies, cargo operators and key partners to enhance the efficiency of container movement and goods through Dubai's ports.
Masdar reaches financial close for $6.1 billion 24/7 clean energy project
Abu Dhabi Future Energy Company, Masdar, has announced financial close for the world's first gigascale 24/7 renewable energy project, marking a defining milestone in the commercialisation of the next generation of clean energy infrastructure.
Volkswagen CEO says 50,000 more job cuts may be needed to close competitive gap
Volkswagen may need to cut about 50,000 more jobs to match the competitiveness of rivals, its CEO told staff in an internal memo, effectively confirming for the first time that the automaker is looking to reduce up to 100,000 positions.
UAE welcomes US decision to upgrade its export control designation
The UAE has welcomed the US government's decision to elevate the UAE to an 'A5' export control designation, highlighting that it advances the decades of bilateral cooperation in technology, security, trade and investment.
The UAE has strongly condemned Iranian missile strikes on two of its oil tankers in the southern passage of Strait of Hormuz that killed one crew member and critically injured eight others.
The UAE has strongly condemned the ongoing attacks targeting the Consulate General of Kuwait in Iraq's Basra.
The Zayed Sustainability Prize has closed submissions for its 2027 awards cycle, receiving 10,233 entries from 177 countries.
