Elon Musk's $1tn pay deal approved by Tesla shareholders

Tesla boss Elon Musk has had a record-breaking pay package that could be worth nearly $1tn (£760bn) approved by shareholders, BBC reported.

The unprecedented deal was approved by 75% of votes and drew huge applause from the audience at the firm's annual general meeting on Thursday.

Musk, who is already the world's richest man, must drastically raise the electric car firm's market value over 10 years. If he does this and meets various targets, he will be rewarded with hundreds of millions of new shares, according to BBC.

COP30: World leaders take aim at Trump for climate inaction

US President Donald Trump has been criticised by world leaders for his stance on climate change, ahead of the global COP30 summit, BBC reported.

President Trump, who is not attending the meeting in the Amazonian city of Belem, was called a liar by the leaders of Colombia and Chile for his rejection of climate science.

UK Prime Minister Sir Keir Starmer acknowledged the waning political support on climate change. He said it had been a unity issue internationally and in the UK but "today sadly that consensus is gone".

Over the next two weeks countries will try and negotiate a new deal on climate change, with a particular focus on channelling more money to forest protection, according to BBC.

 

Typhoon Kalmaegi hits Vietnam after killing at least 114 in Philippines

Typhoon Kalmaegi made landfall in Vietnam on Thursday after killing at least 114 people and flooding entire towns in the Philippines, BBC reported.

More than 260,000 soldiers are on standby for rescue efforts as winds of up to 92mph (149km/h) hit the country's coastline, according to Vietnamese media and the government's online portal.

Six airports in the country have been forced to close and hundreds of flights are expected to be affected, the government warned, according to BBC.

Typhoon Kalmaegi death toll hits 114 in Philippines; storm rebuilds strength as it heads to Vietnam

The death toll in the Philippines from Typhoon Kalmaegi rose to 114 with another 127 people still missing, the disaster agency said on Thursday, as the storm that devastated the country’s central regions regained strength as it headed towards Vietnam.

In Vietnam’s Gia Lai province, some 350,000 people were expected to have been evacuated by the middle of the day as authorities warned of heavy rains and damaging winds that could cause flooding in low-lying areas and disrupt agricultural activity.

In the Philippines’ hardest-hit province of Cebu, the scale of the destruction became clearer as floodwaters receded to reveal flattened homes, overturned vehicles and streets choked with debris.