Business from Monday, August 4th, 2025

Tesla has granted CEO Elon Musk shares worth about $29 billion, in a new pay deal aimed at keeping the billionaire entrepreneur at the helm during a crucial pivot from its struggling core auto business to robotaxis and humanoid robots.

More than 3,200 union members who assemble Boeing's fighter jets in the St. Louis area and Illinois went on strike on Monday after rejecting a second contract offer the previous day.

Dubai Duty Free has delivered another standout performance for the month of July, posting sales of AED638.8 million ($175 million) and marking 5.86 per cent up on the same period last year.