Biggest budget outlined five cancellations prolific Twenty Five Thousand passengers on from. This is the business as well tesla says surge by eleven percent before trading was halted later on tuesday for more than an hour it followed the tweet by c. E. O. Elon musk saying he plans to take the electric car make a private and secured the funds to do that. If musk can succeed in taking tesla private it would be the largest leveraged buyout in history. Musk tweeted on tuesday that he was considering taking tesla private at Four Hundred Twenty Dollars a share saying that hed secured funding ideal at that price would represent a price tag of about Seventy Two Billion dollars he didnt say where the funding was coming from shortly after his tweet musk published a letter to tesla employees on the companys blog where he said that going private
and the erratic tweets coming from. Its c. E. O. Joined by my colleague. Laws made this an ounce mint anyway the way every selfrespect sentiency today would make such an element on twitter is that even legal its an interesting question because of course in this context twitter is pretty new it hasnt often been used like that but it is probably legal i want to quote here from the rules on fair disclosure that of course regulate all that well. It states that companies are required to distribute Material Information in a manner reasonably designed to get that information out to the general public broadly and not exclusively enough acquired to distribute Material Information in a manner reasonably designed to get that information out to the general public broadly and exclusively and of course that is precisely what twitter does whether
joking aside. Shares went up quite a bit eleven percent on this announcement that must have made you know muscular money of course it made him a tremendous amount of money he owns Thirty Three Million shares and yes is that they went up eleven percent that was around just about thirty five Thirty Six Dollars so he made a profit yesterday just with that trouble he created there of one point Two Billion Dollars now him personally this is personal profit but what i personally think is even more important to him is not his own profit but the damage he did for our shareholders who sold short short thats of course short selling means that youre betting against a company and of course in short sellers elon musk has an enemy he hates them and there for good reason because test was actually the most shorted company in the history of the Stock Exchange because it is a company with pretty ludicrous plans for the future so of course theres a lot of doubters out there theres
a lot of people who are saying this is never gonna work out this is going to go Down In Flames im shorting that stock well theyve been wrong so far they lost over A Billion Dollars yesterday they lost Three Billion this year and since twenty sixteen short sellers actually lost almost Seven Billion dollars in tesla stocks and still quite amazing. Tesla would be the only major car company. To go private why is must consider and if you really is considering this move why and whats the advantage well theres definitely some really good advantages to be away from the stock market the stock market is generally thinking very much short term. Of course every Company Listed has to bring out their quarterly numbers now that makes you automatically make decisions for your company that might improve those numbers by march by june by whatever month but that might be detrimental to your Long Term Plan to long term success and specifically with a company like tesla everything is in the Long Term Planning in the vision and so
that quarterly rhythm is not good for musk is not good for tesla how to thank you very much. German ryanair pilots have just voted to join this week this belgian and irish colleagues in striking on friday ahead of the announcement ryanair already cancelled One Hundred Forty Six flights to destinations all over europe affecting more than Twenty Five Thousand passengers those numbers are said to rise as the german pilots join the twenty four hour strike to demand a higher base salary ryan says Pilot Salaries are not so low pilots also finally the island of base transfers marksman number of flight hours the motions and annual leave. Our Correspondent Contributions covering the story in france for the sentence this is. Normally unions operate on the National Level as the labor law and the law for Collective Bargaining is organized on the National Level and not on the level of the European Union but now the unions are talking to each other
theyre coordinating their Strike Action in order to be able to hit the management of ryanair together stronger and this concerted action is a logical reaction to what right now has been doing for decades ryanair systematically has bypassed the National Labor laws trying to use the one jurisdiction in the European Union which is most favorable for the management and like this right now has managed to keep the unions out of the company and dictate the terms of labor. Frankfurt china as fired back against new u. S. Trade tariffs its announced additional Import Duties of twenty five percent on Sixteen Billion Dollars worth of u. S. Goods you know its been came just hours after washington said it was imposing new tariffs on chinese Products Worth exactly the same amount the chinese tariffs will apply to u. S. Products such as Fuel Motorcycles and medical equipment while the u. S. Said it was targeting Industrial Products like metals chemicals and the drugs the Trump Administration already slapped new tariffs on chinese imports last month but chinas Foreign Trade has so far shrugged off the dispute exports showed Surprising Growth in july at more than twelve percent compared to the same period last. Until iraq where Doing Business has gotten trickier due to washingtons sanctions many multinationals do business with both the u. S. And with iran but President Donald Trump has said its either or thats something that is left European Companies concerned and brussels isnt happy either it has responded with education. European companies are in a tough bind washington says firms that do business with iran will be excluded from the u. S. Market the e. U. Has responded with legislation that bans European Companies from complying with the sanctions brussels sent
a clear signal. We believe that it is and it has to be to. Be europeans in this case to the side with home to trade with major corporations like air bus and decided to quit operations in iran instead of risking sanctions themselves but Medium Sized Companies cannot afford to give up the market and brussels is still hoping that washington want to proceed with sanctions on e. U. Companies and is the softness to the hope is that Americans One SanctionEuropean Companies or otherwise disadvantage them but the more they do that the more we have to protect our business with credit or investment guarantees. Could it govern t. N. In its own scott and. Provides recourse to any European Companies hit by u. S. Sanctions but even if they can claim compensation for any losses incurred many of them are still stuck between a rock and a hard place. Fat. Loss. The unfamiliar. The unexpected. The outrageous. All that some programs at the Fringe Festival in edinburgh. For
three weeks performers from the world over turned scotlands counted all in one big colorful stage. Next d w. C sarno just couldnt get this song out of his head. Musicologist began searching for the source of these captivating sounds. And found them deep In The Rain Forest in central africa. The bike up equal. That hanging. Books and the like to belittle is a biblical blessing and why anyone fit
a. Million legal costs he was so fascinated by their culture that he stayed. Only a promise to his son was made son only in the jungle and returned to the concrete and glass trunk. The result reversed culture shock. Way for us to realize how strange the artificial dollars really connected to life. The prize winning documentary from before asst starts aug ninth on d w