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Musk Twitter Takeover Concerns Wipes $126bn Off Tesla

Tesla investors are panicking over CEO Elon Muskโ€™s acquisition of Twitter, erasing 12.2% off the electric carmakerโ€™s value and thus $21bn of Muskโ€™s personal stake in the company.

The proposed $44bn purchase of Twitter will reportedly be partly financed by a $12.5bn loan secured against Muskโ€™s Tesla stake, making shareholders fear he will have to sell some Tesla shares to complete the Twitter deal.

Analysts warned that if Tesla stock drops further, Musk may not be able to fulfill the $21bn in personal liquidity he committed to buy Twitter. The Big Tech platform also fell Tuesday, 3.9% to $49.68 ($4.52 below Muskโ€™s purchase price).

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Russia withdraws from United Nations World Tourism Organization ahead of vote on its suspension
WION - world News Releases (RSS)

Russia announced on Wednesday that it has decided to withdraw from the United Nations World Tourism Organisation ahead of the scheduled vote on the

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World Bank warns of stagflation due to Russia's Ukraine invasion
WION - world News Releases (RSS)

The World Bank has warned that price shocks in food and fuel prices due to Russian invasion of Ukraine will be felt at least till the end of year 2

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Former Minneapolis cop Derek Chauvin files appeal to overturn conviction for George Floydโ€™s murder
WION - world News Releases (RSS)

Derek Chauvin, the former Minneapolis police officer, has filed an appeal on Monday to overturn conviction for George Floydรขย€ย™s murder in 2020. ร‚

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High Court rules on UK govt violations during pandemic
RT World News (RSS)

British authorities disregarded the risk of placing elderly patients in care homes, according to the judges

British health authorities violated the law by overlooking the risk of placing untested elderly patients into care homes in the first months of the Covid-19 pandemic, the High Court ruled on Wednesday.

Two women - Cathy Gardner and Fay Harris, who lost their fathers to the virus in early 2020 โ€“ sued the then-Health Secretary Matt Hancock and Public Health England over how the initial outbreak of Covid-19 had been handled.

Despite rejecting their other claims, the judges sided with the complainants, w...

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Russยญian gas criยญsis: 5 things to know about Euยญropeโ€™s supยญply
News | Today's latest from Al Jazeera (RSS)

Rusยญsia is cutยญting gas supยญplies to Poland and Bulยญgarยญia, and is threatยญenยญing to cut off othยญer counยญtries in Euยญrope.
Published On 27 Apr 2022
Pakยญistan rebel group warns Chiยญna of harshยญer atยญtacks
News | Today's latest from Al Jazeera (RSS)

Rebel group threatยญens Beiยญjing with โ€˜even harshยญerโ€™ atยญtacks unยญless Chiยญna halts โ€˜exยญploitaยญtion projectsโ€™ in Pakยญistan.
Published On 27 Apr 2022
Parยญliaยญment pushยญes for capยญiยญtal conยญtrols law as Lebanese protest
News | Today's latest from Al Jazeera (RSS)

Proยญtestยญers gathยญer in front of the Lebanese parยญliaยญment on a weekยญly baยญsis as it moves to pass a capยญiยญtal conยญtrols law.
Published On 27 Apr 2022
Amยญbush kills 20 Musยญlim worยญshipยญpers in Ethiopiaโ€™s Amhara reยญgion
News | Today's latest from Al Jazeera (RSS)

The viยญoยญlence seems unยญreยญlatยญed to conยญflict in the neighยญbourยญing Tigray reยญgion, which beยญgan in Noยญvemยญber 2020.
Published On 27 Apr 2022
Boeยญing posts $1.2bn loss in first quarยญter as jet isยญsues perยญsist
News | Today's latest from Al Jazeera (RSS)

The loss is bigยญger than Wall Street has exยญpectยญed, and the firmโ€™s quarยญterยญly revยญenue also fell short of exยญpecยญtaยญtions.
Published On 27 Apr 2022
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News | Today's latest from Al Jazeera (RSS)

Amid US aborยญtion crackยญdown, Calยญiยญforยญnia seeks to be a โ€˜sancยญtuยญaryโ€™
If Roe v Wade falls, 26 states are likeยญly to ban aborยญtion and milยญlions will need to cross state lines to acยญcess care.
Published On 27 Apr 2022