Elon Musk changed his Twitter profile to "Chief Twit" and posted video of himself walking into the social network's California headquarters carrying a sink Wednesday, days before his contentious takeover of the company must be finalized.. The billionaire Tesla chief captioned the video "Entering Twitter HQ - let that sink in!"
South Africa's treasury vowed Wednesday to take over more than half of Eskom's multi-billion-dollar debt to ensure the embattled energy utility's viability and curb the energy crisis that has put a break on growth.. Unprecedented floods that swept through the third largest city of Durban, killing hundreds, also put a damper on growth.
Boeing said Wednesday it is seeking other potential customers for its 737 MAX because China is still not taking delivery of the jetliners it has ordered.. China was the last major Boeing market to deem the jet airworthy in December 2021.
Aerospace giant Boeing reported a surprise $3.3 billion third-quarter loss Wednesday as it struggled with swelling costs on several defense programs, including the US presidential jet Air Force One.. The difficulties in Boeing's defense program came as the company saw a jump in revenues in its commercial airplane division following the resumption of deliveries of the 787 Dreamliner and an increase in deliveries in the 737 MAX. The aviation giant reported a four-percent rise in revenues to $16 billion, which also missed analyst estimates.
New home sales in the US dipped in September, official data showed Wednesday, as worsening affordability nudges ownership further out of reach for many.. The latest down trend in the small new home segment reflects that in the larger existing home sales market, which made an eighth straight monthly decline last month according to industry data.
Boeing reported a surprise $3.3 billion third-quarter loss Wednesday because of swelling costs on several defense programs due in part to supply chain expenses.. Boeing also said costs were rising in other unspecified defense programs.
Germany's coalition government on Wednesday allowed a Chinese firm to buy a reduced stake in a Hamburg port terminal, after Chancellor Olaf Scholz resisted calls to ban the controversial sale outright over security concerns.. Under the compromise agreed by Scholz's cabinet, Chinese shipping giant Cosco will be allowed to buy a stake "below 25 percent" in the Tollerort container terminal owned by HHLA, the economy ministry said in a statement.
British Prime Minister Rishi Sunak could postpone an eagerly-awaited budget plan due next week, a senior minister said Wednesday, as the youthful new leader gets down to business after weeks of political turmoil. . As well as mending Britain's wounded finances, Sunak is also pledging to reunite the Conservatives after another bruising leadership contest, mere weeks after Johnson was forced out.
Millions of people in China were under tight Covid restrictions on Wednesday as sporadic outbreaks across the country prompted business closures and disruption at the world's largest iPhone factory.. But they include an outbreak at a factory in the central city of Zhengzhou that employs around 300,000 people and is known as the largest producer of iPhones in the world.
People looking to trade cryptocurrency in Singapore may soon have to take a test to prove they understand what they are getting into, the central bank said Wednesday, as it looks to prevent clueless investors from bankrupting themselves.. Would-be investors must also take a test to assess their understanding of the risks before they are allowed to trade, and they will be barred from using credit cards or payment apps to buy the units.
