Ronaldo Retires from Portugal; Man Group Pays $155M; Tesla Cybertrucks

High Court rules PIFSS entitled to $155 million from Man Group

The High Court of London ruled that the Public Institution for Social Security is entitled to recover approximately $155 million from Man Group. The court concluded a long-running corruption lawsuit involving the late director Al Rajaan and the London-listed asset manager.

Judge Richard Jacobs ruled the compensation claims were largely successful, though the final amount owed must account for settlements PIFSS reached with other defendants. EFG Bank, a former defendant, reached a settlement with the institution in September 2026.

Man Group stated it disagreed with the judgment regarding liability and quantum, noting the findings involved two of its subsidiaries and two former employees.

Judge Jacobs stated Al Rajaan was involved in "proven corruption on a breathtaking scale, involving many individuals who had reached senior positions in public office or the financial services industries". Al Rajaan and his associates received roughly $1 billion in commission payments over two decades that banks and investment companies were not required to pay.

He died in London in 2022.

Swiss firms plan 2027 sales for modified Tesla Cybertrucks

Revoltaris and the engineering firm werk.lab plan to sell modified Tesla Cybertrucks in Switzerland starting in 2027. The firms are currently accepting reservations for the vehicles. A standard reservation costs about €190, or 175 Swiss francs, while a limited first delivery slot requires a fee of about €2,180, or 2,000 Swiss francs. These fees are non-refundable even if the project fails.

The engineering firm werk.lab, known as Teslab AG until May 2026, is modifying the Cybertruck to meet European pedestrian safety standards. The modifications include a carbon fiber front end and a foam-backed bumper. These changes aim to address design deviations from European Union safety rules, which the German transport ministry identified in autumn 2025 as a barrier to individual national approval.

The Swiss federal roads office ASTRA confirmed to 20 Minuten on 23 October 2026 that no Cybertrucks were registered in Switzerland. werk.lab lists a used Cyberbeast for approximately €206,000, or 189,000 Swiss francs, and a 600 hp All-Wheel Drive model for about €169,000, or 155,000 Swiss francs, with both prices including Swiss VAT. In February 2026, Tesla lowered the price of a new Cyberbeast to about €89,100, or $99,990, due to declining American sales.