Twitter takeover: Elon Musk secures his own billion dollar break clause April 27, 2022 Despite sending shockwaves across the business world, Elon Musk could walkaway from his $44bn Twitter takeover for just $1bn. According to a regulatory filing by Twitter on Tuesday, limited damages could be brought by the social media firm if the eccentric billionaire failed to provide the equity financing needed for the deal to go through. [...]
400k out of workforce due to health inequality which could lead to £8bn economic drag April 27, 2022 The government has said tackling health disparities is a “priority’, after a new report revealed Illness and covid has driven an estimated 400,000 people from the workforce, leading to a possible £8bn drag on the economy. 1m workers are missing from the workers from before the pandemic, with 400,00 due to illness, including long-Covid, according [...]
Tesla shares plunge following Musk’s Twitter takeover, with $97bn wiped off valuation April 26, 2022 Tesla’s shares plunged 11 per cent today less than a day after chief executive Elon Musk snatched Twitter for $44bn. Twitter’s takeover wiped off $97bn off of Tesla’s valuation after Musk secured a $12.5bn loan against his share in the automotive giant, the Financial Times reported. The extravagant entrepreneur said he will fund the acquisition [...]
Twitter sale: The rocky road for online safety in Musk’s world of free speech April 26, 2022 The business world was sent into frenzy on Monday night after Twitter accepted a $44bn buyout offer from Tesla tycoon Elon Musk.
Global supply of electric car batteries could be shifting East to West, say analysts April 26, 2022 The world’s supply of advanced batteries, critical for electric cars, could be shifting West, say analysts, as production grinds to a halt in Asia. China’s most recent Covid-19 lockdowns have ‘chipped away’ at the country’s dominance in the battery market, analysts at independent energy researcher Rystad Energy, Susan Zou and Abhishek Murali, explained. Businesses have [...]
Jaws drop as Boris Johnson’s father hosts Chinese ambassador banned from parliament for intimate lunch at home April 26, 2022 It has emerged Boris Johnson’s father Stanley invited the Chinese ambassador in the UK to his home for lunch, the same ambassador that was banned from parliament after China imposed travel bans and asset freezes against five British MPs and two peers. Zheng Zeguang, China’s ambassador to the UK, showed up at Stanley Johnson’s home [...]
Twitter sale could be agreed as early as today as Elon Musk enters ‘final stretch’ of negotiations April 25, 2022 Twitter is in the final stretch of negotiations in its sale to Elon Musk, with a deal potentially being reached as early as today. As reported by Bloomberg, the social media firm is hammering out the terms of a transaction, according to inside sources. On April 14, the eccentric billionaire announced an offer to buy the [...]
It’s on: Twitter’s board and Elon Musk negotiate into the early hours over £36bn bid to snap up the social media giant April 25, 2022 Elon Musk and Twitter’s board negotiated into the early hours of this morning over the Tesla chief’s bid to buy the social media platform, The New York Times reported. Musk said last week that he had lined up $46.5bn, or £36.2bn, in financing to buy Twitter, putting pressure on the company’s board to negotiate a [...]
Theresa May pockets more than £400,000 for just six talks as former PM hits the US lecture circuit April 25, 2022 Former Prime Minister Theresa May collected more than £400,000 for just six speeches. The MP recorded last week in the Register of Member’s Interests that she raked in £404,080 for six speeches she gave in the United States. The work, which costs her about 40 hours in total, so one full work week, was carried [...]
UK avoided arming Ukrainians for fear of angering Putin, former ministers said April 23, 2022 The UK Government has avoided sending arms to Ukraine for the last seven hears out of fear of angering President Putin, the Sunday Times reported today. Former ministers said Boris Johnson and his two predecessors, Theresa May and David Cameron, have maintained a line of “appeasement” with Moscow since the country’s invasion of Crimea. “Some [...]