Tiwa Adebayo
👤 SpeakerAppearances Over Time
Podcast Appearances
The prospect spooked investors on both sides.
Ryanair sales declined in Dublin trading, while shares in Tesla also closed lower.
And any Musk takeover would require him to work around current EU regulations, which require European airlines to be majority owned and controlled by EU nationals.
In London, Tiwa Adebayo, Bloomberg Radio.
It's an unlikely crossover.
One builds rockets, the other sells nine-euro flights in an entirely different orbit.
But it seems Michael O'Leary and Elon Musk are on a collision course.
The online feud reached new altitudes after O'Leary claimed he wouldn't install the Tesla CEO's Starlink technology on his fleet of planes last week.
Since then, the two leaders have exchanged insults on X, culminating in a poll posted to Musk's account on Monday asking followers if he should buy Ryanair.
The prospect spooked investors on both sides.
Ryanair sales declined in Dublin trading, while shares in Tesla also closed lower.
And any Musk takeover would require him to work around current EU regulations, which require European airlines to be majority owned and controlled by EU nationals.
In London, Tiwa Adebayo, Bloomberg Radio.
Nearly a decade on from the country's defining EU referendum, UK Prime Minister Keir Starmer is caught in closer alignment with the European single market.
The Premier's desire to soften the Brexit deal comes after London's financial hub says it's time to get serious about protecting EU links.
Research from the City of London corporation and think tank New Financial is warning that the bloc's new capital requirements directive could stifle investment from London if changes aren't made.
But forging links could be complicated now British regulators have had the flexibility to rewrite old EU rules on issues like bonus deferrals and investor documents.
Trade bodies who spoke to Bloomberg say they support closer alignment with the region, but also value the UK's regulatory independence.
In London, Tiwa Adebayo, Bloomberg Radio.
Nearly a decade on from the country's defining EU referendum, UK Prime Minister Keir Starmer is caught in closer alignment with the European single market.