JPMorgan Chase CEO Jamie Dimon said Wednesday that he and Tesla CEO Elon Musk have “hugged it out” and resolved their differences, after Dimon’s bank sued the tech billionaire’s electric vehicle

Jamie Dimon said that he and Elon Musk settled their differences. This seemingly concluded their row, sparked by a legal fight between JPMorgan and Tesla.

"Elon and I hugged it out," Dimon told CNBC in a TV interview at the World Economic Forum's annual event in Davos, Switzerland. "He came to one of our conferences, [and] he and I had a nice, long chat. We settled some of our differences."

The European car market stagnated last year, with EVs taking the grunt of the fall. However, it’s worth looking at the details.

Banks have reported slower loan growth amid strong earnings, Tesla to raise Canadian car prices, and more news to start your day.

Speaking at Davos yesterday, Panama’s President Jose Raul Mulino again rejected Trump’s appeal for the canal, saying “the Panama Canal belongs to Panama and will continue to belong to Panama”. “The Panama Canal was not a concession or a gift from the United States,” he said.

Trump's second presidency dominated proceedings at the World Economic Forum amid ominous warnings over the looming threat of trade tariffs and his decision to pull the United States out of the Paris climate agreement.

Tech billionaires, corporations and lobbyists are all seeking close ties to Trump. But crony capitalism and favoritism harm a country and its economic performance.

Uber's CEO said "humans are going to have plenty of work" for the next 10 years with autonomous vehicles "feathering in" to the company's fleet.

Automotive engineers have long suspected electric cars will be more reliable than petrol or diesel cars, because they contain fewer moving parts. Data has been limited, however, b

The Dow Jones index rose but other indexes lagged in the stock market today. Yield rose as investors awaited Trump's Davos address.

At current trends the charity Oxfam predicts up to five trillionaires are expected to emerge within the next decade.