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Elon Musk set to pay $11 billion in tax for 2021

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The world’s richest person is set to fork out $11 billion in tax fees

Elon Musk, the world’s richest person, has tweeted he will pay $11bn USD in tax for this year.

The Tesla boss has been embroiled in a public debate on social media over how much tax he pays.

Earlier this week, Democratic Senator Elizabeth Warren tweeted that Mr Musk should stop “freeloading off everyone else”.

“For those wondering, I will pay over $11bn in taxes this year,” the billionaire responded.

The Bloomberg Billionaires Index puts Musk’s wealth at $243 billion, while his electric car business is worth around $1 trillion and SpaceX is worth $100 billion.

Last week, Mr Musk was named Time Magazine’s Person of the Year.

That prompted Senator Warren to tweet: “Let’s change the rigged tax code so ‘The Person of the Year’ will actually pay taxes and stop freeloading off everyone else.”

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Trump won’t fire Powell; tariffs to decrease significantly

Trump rules out firing Fed Chair Powell and hints at lowering China tariffs, easing investor concerns.

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Trump rules out firing Fed Chair Powell and hints at lowering China tariffs, easing investor concerns.

In Short

President Trump confirmed he won’t fire Federal Reserve Chairman Jerome Powell and is considering lowering tariffs on China to soothe market concerns.

He stated that while current tariffs are too high, attempts to remove Powell could disrupt markets and lead to legal issues.

President Trump stated he has no intention of firing Federal Reserve Chairman Jerome Powell. He also mentioned potential reductions in tariffs on China, which calmed investor fears after recent aggressive actions from the administration.

Following Trump’s comments, U.S. stock futures and the dollar saw gains, while gold futures retreated from their record highs. His reassurances came after earlier criticisms of Powell, where Trump expressed discontent on social media, indicating Powell’s termination should happen quickly.

Lower rates

Despite rising tensions, Trump downplayed recent comments from Kevin Hassett, suggesting an examination of Powell’s job security. Trump also remarked that it is an ideal time to consider lower interest rates, but clarified that firing Powell would not be the solution.

Concerns within the administration focused on how such an attempt could disrupt markets and result in a legal challenge. Treasury Secretary Scott Bessent voiced these apprehensions, warning of possible consequences for market stability.

Trump elaborated that current tariffs on China, at 145%, are excessive and would be lowered, though not completely eliminated. Attempts to remove Powell might lead to legal complications, as Federal Reserve governors can typically only be dismissed for cause.

Ultimately, undermining the Fed’s independence could increase borrowing costs for many, leading to adverse outcomes for both the president and the economy.

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Pope Francis dies aged 88 as world mourns historic papacy

The world mourns Pope Francis, the transformative first Latin American pontiff, who died at 88, with global tributes and a nine-day mourning period ahead of a conclave.

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The world mourns Pope Francis, the transformative first Latin American pontiff, who died at 88, with global tributes and a nine-day mourning period ahead of a conclave.


The world is grieving the loss of Pope Francis, the first Latin American pontiff and a transformative figure in the Catholic Church, who died aged 88.

Known as The People’s Pope, he championed mercy, humility, and compassion throughout his 12-year papacy.

Leaders across the globe, including President Trump and Australian Prime Minister Anthony Albanese, have paid tribute to his lasting legacy. A nine-day mourning period begins, followed by the election of a new Pope via conclave at the Vatican.

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Pope Francis was a spiritual giant who championed humility

Pope Francis, aged 88, dies from double pneumonia, leaving a legacy of compassion and inclusion as the Church’s first Latin American and Jesuit leader.

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Pope Francis, aged 88, dies from double pneumonia, leaving a legacy of compassion and inclusion as the Church’s first Latin American and Jesuit leader.


Pope Francis has died at the age of 88, following complications from double pneumonia. The Vatican confirmed his death on Monday morning, with Cardinal Kevin Farrell announcing that “the Bishop of Rome, Francis, returned to the home of the Father” at 7:35am.

The first Latin American and Jesuit Pope, Francis led the Roman Catholic Church for over a decade, earning global praise for his humility, progressive stance, and focus on inclusion and compassion.

Just days before his passing, the Pope surprised crowds at Easter Sunday Mass, blessing worshippers in St Peter’s Square. Despite recent hospitalisation with bronchitis, he appeared in good spirits, even pausing to bless children from the Popemobile.

His death has triggered nine days of mourning in Italy. Leaders around the world have paid tribute. Prime Minister Anthony Albanese called him a man “whose compassion embraced all humanity,” while Opposition Leader Peter Dutton described his devotion as unwavering.

Francis will be remembered not only as a man of many firsts — the first Jesuit Pope, the first from the Global South — but also as a tireless advocate for the poor, refugees, and marginalised communities.

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