Isabel dos Santos: Angolan billionaire hit with £580m asset freezeAn Angolan billionaire, described as Africa's richest woman, Isabel dos Santos, has lost a High Court battle to stop her assets from being frozen. The legal dispute, initiated by telecoms firm Unitel, seeks damages of $733 million (£580 million) related to financial decisions made by Ms Dos Santos during her directorship.Ms Dos Santos, daughter of a former president, argues that the case is a political vendetta. Critics have accused her of using her influence in Angola for personal enrichment, allegations she strongly denies.The case focuses on loans made in 2012 and 2013, totaling around $400 million, from Unitel to another company, Unitel international Holdings (UIH), owned and controlled by Ms Dos Santos. Unitel alleges that the loans were made at rates below commercial values without significant security, ultimately benefiting Ms Dos Santos personally.Ms Dos Santos denies the allegations, stating that the loans w...

 The highly-anticipated launch of Tesla's (TSLA) Cybertruck failed to spark an immediate surge in the electric vehicle maker's shares on Friday.The truck's pricing exceeded expectations, particularly with the base model starting at $60,990 before factoring in any electric vehicle-related tax benefits. This figure starkly contrasts with Tesla's initial 2019 projection of a $39,900 starting price for the Cybertruck.Investor concerns now revolve around the demand for the Cybertruck, especially considering the hefty price tag of nearly $100,000 for the top-tier model."There were a lot of folks in 2019 that wanted this product," commented Tom Narayan, lead equity analyst for global autos at RBC Capital Markets, during a live interview with Yahoo finance on Thursday. "I'd expect the conversion rate [from reservations] to be about 20%."The stock experienced a dip of over 2% in morning trading on Friday....