Wall St opens higher, Twitter slumps as Musk puts deal on hold
13 May 2022 | 2:11 pm
Wall Street's main indexes opened higher on Friday (May 13) at the end of a bumpy week marked by rising concerns over tighter monetary policy and slowing economic growth, while Twitter sank after Elon Musk put his deal for the social media company on hold.
Rwanda has struck a £120 million deal with the UK to take in asylum seekers that arrive in Britain illegally. Tens of thousands of people could be resettled under the agreement over the years. Refugee groups have slammed the move as unethical and expensive. Human Rights Watch tells us the move is cynical and unsafe.
UK plan to fly asylum-seekers to Rwanda draws outrage Britain announced a deal with Rwanda on Thursday to send asylum-seekers thousands of miles to the East African country, which it said would deter people-smugglers, but has been called inhumane.
We take a closer look at the bid by the world's richest man to buy Twitter for $43 billion. Elon Musk would need the backing of major investment firms for the hostile takeover. We explore what a potential purchase could mean for free speech on Twitter and find out why Musk's asking price may have a drug-related reference. Also on the show, we report on why the price of fertilisers is skyrocketing and we get the latest on a fuel shortage in Kenya.
The Solomon Islands in the South Pacific is planning a security agreement with China. But the prospect of Chinese warships based less than 2,000 kilometers off the Australian coast has set alarm bells ringing in the region.
The billionaire entrepreneur says he has secured $46.5 billion in financing for his bid to take over the social media giant Twitter. The Tesla and SpaceX owner says he is "exploring whether to commence a tender offer."
The British prime minister has begun a two-day visit by talking up post-Brexit trade. But clouds are looming back home as parliament votes on whether he misled the House of Commons in denying COVID lockdown breaches.
As per the Digital Services Act (DSA), tech giants such as Facebook and Google will be expected to moderate illegal content on their platforms. It's the second part of the bloc's project seeking to rein in tech giants.
The European Union agreed on new regulations that require social media companies and online marketplaces to remove illegal content. Advertisement targeting minors will also be banned.
Twitter Inc. is poised to agree a sale to Elon Musk for around $43 billion in cash, the price the chief executive of Tesla Inc. has called his "best and final" offer for the social media company, people familiar with the matter said.
Find these stories and much more when you grab a copy of The Guardian on Tuesday.
The world's richest man appears to have succeeded in his $44 billion takeover of one of the internet's most influential social networks, but what comes next? From finding a new CEO, to confronting new EU regulations, to boosting lacklustre performance, Twitter's future as a private company under Elon Musk will be filled with challenges. FRANCE 24's Bryan Quinn takes a closer look.
Twitter is a convenient way to stay up to date with everything from the latest memes and hot takes to the news. But being an active Twitter user can also mean you have to sift through a lot of online toxicity. If you think the toxicity has gotten too much for you, here is how you can deactivate your Twitter account.
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