He has scorned organized labor, mocked political correctness and espoused small government -- so conservatives may be disappointed that he wants to pull out of his deal to buy Twitter.. Yet he has aggressively pursued government support himself, taking billions in handouts for his own companies.
Elon Musk pulled the plug on his $44 billion deal to buy Twitter on Friday, accusing the company of "misleading" statements about the number of fake accounts, a regulatory filing showed.. Twitter has held firm that no more than five percent of accounts are run by software instead of people, while Musk has said he believes the number to be much higher.
Recent upheaval in the cryptocurrency markets shows the sector is subject to similar risks as conventional investments, underscoring the need for regulation to protect against the "false allure" of a quick profit, Federal Reserve Vice Chair Lael Brainard said Friday.. "So this is the right time to ensure that like risks are subject to like regulatory outcomes and like disclosure so as to help investors distinguish between genuine, responsible innovation and the false allure of seemingly easy returns that obscures significant risk."
Prime Minister Boris Johnson's government is in suspended animation, including on economic policy, just as a cost-of-living crisis worsens for millions of Britons. . Johnson's new-look cabinet appointed Thursday agreed that "major fiscal decisions should be left for the next prime minister", Downing Street said.
The US economy added far more jobs than expected in June and wages rose, according to government data released Friday which could fuel fears about accelerating inflation.. Still, he said, "the jobs data support our view that talk of the economy being in recession right now is fanciful." hs/dw
Critics of Angola's former president Jose Eduardo dos Santos, who died Friday, accused him of stripping the country of much of its vast oil wealth to enrich himself and his family.. Following her brother's conviction, she accused Lourenco of unjustly targeting the dos Santos family for political reasons.
Grilled on skewers, dried or used in hair oil: farmers at Bafoussam in western Cameroon are seeking to take the lowly mushroom, grown on agricultural waste, beyond the kitchen.. In Bafoussam, capital of the Western region and fifth largest city, Jean-Claude Youbi saw an opportunity to exploit, like other small farmers around the nation of 28 million inhabitants.
With inflation in Turkey galloping, the sheep Gul Er buys every year for the Muslim festival of sacrifice in Istanbul looks agonisingly out of reach.. Annual inflation in Turkey has officially reached 78.6 percent, although economists and many ordinary Turks doubt government data.
The Nord Stream pipeline, which supplies Germany with most of its Russian gas, will be shut down for routine maintenance from Monday -- with fears rising that it may remain off for good.. - 'One or two months' - Russia has already cut supplies via the Nord Stream pipeline by 60 percent in recent weeks, citing technical issues -- which Berlin dismisses as cover for a "political" decision.
A political crisis in inflation-ravaged Argentina that was sparked by the economy minister's resignation has spooked markets and generated fears resulting in panic buying and hasty price hikes, as the informal exchange rate soars.. The official exchange rate is 132.
