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Elon Musk plans to cut 75% of Twitter workforce

Elon Musk plans to lay off most of Twitter’s workforce if and when he becomes owner of the social media company, according to a...

Musk asks US government to take over funding of satellite network for Ukraine

The US Defence Department has received a request from SpaceX and Tesla founder Elon Musk to take over funding of his satellite network that...

Ikea calls 2022 an ‘exceptional year’ despite challenges

Swedish home furnishings giant Ikea has said that despite “unprecedented challenges” caused by the war in Ukraine, supply chain disruptions, increased inflation and lingering...

Central banks under stress as bond yields rise

The Bank of England (BoE) revealed measures taken to further ease the strain on pension funds. These decisions followed after increased pension fund stress...

Musk lawyers say Twitter refusing new $44bn bid for company

Twitter is asking a Delaware court to proceed with an upcoming trial against Elon Musk, saying the billionaire refuses to accept the “contractual obligations”...

Sweden says Baltic Sea pipeline leaks probe ‘strengthens sabotage suspicion’

Sweden’s domestic security agency has said its preliminary investigation of leaks from two Russian gas pipelines in the Baltic Sea “has strengthened the suspicions...

Opec+ makes big oil cut to boost prices

The Opec+ alliance of oil-exporting countries has decided to sharply cut production to support sagging oil prices. Energy ministers meeting at the Vienna headquarters of...

Musk proposes going ahead with deal to buy Twitter

Trading in shares of Twitter were halted after the stock spiked on reports that Elon Musk would proceed with his 44 billion US dollar...

German energy giant RWE to end coal use by 2030

German energy giant RWE has said it will phase out the burning of coal by 2030, saving 280 million metric tons of climate-changing greenhouse...

Half of UK’s professionals to look for new job as result of mini-budget – survey

Half of Britain’s professionals are planning to look for a new job due to fears of rocketing mortgage bills sparked by the UK ...

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