5 Things You Need To Know, Today, on Thursday 27th October 2022
Episode 984, Oct 27, 2022, 05:58 AM
5 Things You Need To Know, Today, on Thursday 27th October 2022
5. Elon Musk has posted a video of himself walking into Twitter's headquarters carrying a sink, raising speculation about the fate of his planned takeover.
The billionaire faces a Friday deadline to complete the $44bn (£38bn) purchase, which he announced months ago but then tried to abandon.
(Click here to read more)
4. Mercedes has become the latest Western company to pull out of Russia, following the invasion of Ukraine in February.
The German-based firm stopped manufacturing in and exporting to the country in early March but now it says it will withdraw from the Russian market and sell shares in its subsidiaries to a local investor.
(Click here to read more)
3. A year ago, Mark Zuckerberg declared virtual reality the next frontier to drive Facebook's growth. But so far, there has been very little of it.
The company's share price has plunged as sales shrank 4% compared to a year ago to $27.7bn, while profits halved for three months ended in September.
(Click here to read more)
2. Rishi Sunak has delayed the announcement of a keenly awaited plan for repairing the country's public finances until Nov. 17, two-and-a-half weeks later than previously planned.
The postponement, Sunak's first policy decision since taking over from Liz Truss on Tuesday, briefly raised British borrowing costs in financial markets but there was no repeat of the panic bond selling caused by Truss's September tax-cutting plan.
(Click here to read more)
1. Russia's invasion of Ukraine will have long-lasting effects on energy supply and markets, a new report suggests.
The International Energy Agency (IEA) said the world faces its first "truly global energy crisis" as a result.
(Click here to read more)
5. Elon Musk has posted a video of himself walking into Twitter's headquarters carrying a sink, raising speculation about the fate of his planned takeover.
The billionaire faces a Friday deadline to complete the $44bn (£38bn) purchase, which he announced months ago but then tried to abandon.
(Click here to read more)
4. Mercedes has become the latest Western company to pull out of Russia, following the invasion of Ukraine in February.
The German-based firm stopped manufacturing in and exporting to the country in early March but now it says it will withdraw from the Russian market and sell shares in its subsidiaries to a local investor.
(Click here to read more)
3. A year ago, Mark Zuckerberg declared virtual reality the next frontier to drive Facebook's growth. But so far, there has been very little of it.
The company's share price has plunged as sales shrank 4% compared to a year ago to $27.7bn, while profits halved for three months ended in September.
(Click here to read more)
2. Rishi Sunak has delayed the announcement of a keenly awaited plan for repairing the country's public finances until Nov. 17, two-and-a-half weeks later than previously planned.
The postponement, Sunak's first policy decision since taking over from Liz Truss on Tuesday, briefly raised British borrowing costs in financial markets but there was no repeat of the panic bond selling caused by Truss's September tax-cutting plan.
(Click here to read more)
1. Russia's invasion of Ukraine will have long-lasting effects on energy supply and markets, a new report suggests.
The International Energy Agency (IEA) said the world faces its first "truly global energy crisis" as a result.
(Click here to read more)