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BBCNEWS World Business Report July 7, 2024

week for big tech. plus a pre halloween treat as the us economy returns to growth. but inflation s still a nightmare for president biden with midterm elections looming. we start with the world s richest man: billionaire boss of tesla space entrepreneur and now the new owner of twitter. elon musk has now closed his $41; billion takeover of the social media giant ahead of a 5pm deadline set by a us court. and he has moved quickly to sack the company s senior management. it brings to an end a six month long and often bad tempered takeover battle that has raised some big questions about the future of the company. from san francisco here s our technology correspondent james clayton. when elon musk had an offer to buy a twitter accepted in april, he could barely conceal his excitement. but that initial enthusiasm soon began to wane. tech stocks were plummeting and many wondered whether he d paid too much for twitter. mr musk also claimed that twitter was filled with fake

BBCNEWS BBC News July 7, 2024

is a global challenge which we will continue to work with other countries in order to make that change on global warming. arsenal player pablo mari is among several injured in a stabbing in italy which left one person dead and in sweden, resesarchers say they re close to completing the first crash test dummy based on an average woman. space probes have witnessed a big impact crater being formed on mars the largest in the solar system ever caught in the act of excavation. hello and welcome if you re watching in the uk or around the world. the world s richest man, elon musk, has completed his long running £38 billion takeover of the social media company, twitter. the entrepreuner tweeted the bird is freed, in an apparent reference to the deal closing. mr musk also posted a longer statement on twitter, saying he didn t buy the firm to make more money. i did it to try to help humanity, whom i love . there are reports that a number of senior executives have been sacked an

BBCNEWS Outside Source July 7, 2024

ready to form a new executive. a new election will be called at one minute past midnight if no executive is formed that s 2a weeks since the last poll. in other news: the oil giant shell reports quarterly profits of nearly $9.5 billion its second highest on record but pays no windfall tax in the uk. and now we know the title of prince harry s much anticipated and controversial memoir. it s called spare, and it documents his move to america. the elected assembly which runs northern ireland is hours away from collapsing, over the region s post brexit trade arrangements. politicians have until one minute past midnight uk time that s around five hours from now to restore a power sharing agreement before a new election is called. political parties met at stormont today in a last ditch effort to try to form a new executive nearly six months after they were elected. procedures though are being blocked by the democratic unionist party the dup which objects to the no

BBCNEWS Newsday July 7, 2024

since the end of the second world war. claiming he is buying twitter to claim save humanity. we look at how inflation is affecting voters. midterm elections we ll look at how inflation welcome to the programme. there s been another grim warning from the un that there s no credible way of limiting the rise in global warming to one of the key thresholds. a new report talks of woefully inadequate action by the world s governments to keep the increase below 1.5 degrees celsius. as leaders prepare to gather for cop27 the global climate conference taking place this year in egypt, the new british prime minister rishi sunak has decided not to attend. downing street says he has other pressing domestic commitments . us climate envoyjohn kerry told the bbc in order to achieve the climate goals, all countries urgently had to work together. if we get more countries directly engaged in changing their plans to more rapidly kill the omissions, to more rapidly transition, it is

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