Pattern meeting globally at the jackson hole symposium shares in wpp jump as the worlds biggest advertising slump. Tiktoks ceo quits quiting a changing political environment after actions to ban the video app. We are tracking the hurricane laura after the storm made land fall in louisiana with a 20foot storm surge. Crude was cut ahead of the storm. Just incredible when you talk about 20 feet and the language thats been mentioned. That most of the parish could be under water and the word unsurvivable has been used some of the houses are built on stilts particularly on the texas coastline. The oil industry has been interesting. 90 shut down similar to katrina. Mostly brent that is picking up the action matched against these concerns has been the covid19 impact that has tracked the reaction in the range so you wont see the impact close to 46 on brent prices and just above 43 this morning. Not getting any traction in the read Nbcs Jay Gray from the gulf coast. The most powerful storm on th
the social media company twitter has begun sudden and sweeping job cuts to save money. it s thought its new owner elon musk, who s the world s richest man, might reduce the platform s workforce of 8 thousand by as much as half. many twitter staff are finding out via email that they no longer have a job. here s our technology editor zoe kleinman. elon musk did not speak to any of the thousands of employees laid off today. instead he was a surprise guest at this investor conference in new york. meanwhile, many twitter staff woke up locked out of their work laptops. they were later told by an e mail to the personal accounts that it was the last working day at the firm. some have been told they will be paid until february next year, getting some sort of certainty after months of uncertainty. in some cases, some relief, right? because this was a thing that played out over the course of the majority of this year. there were, understandably, lots of emotional tweets. another said. f
workforce of 8,000 might be reduced by as much as half. many twitter staff have been finding out via email that they no longer have a job. here s our technology editor zoe kleinman. elon musk did not speak to any of the thousands of employees laid off today. instead he was a surprise guest at this investor conference in new york. meanwhile, many twitter staff woke up locked out of their work laptops. they were later told by an email to the personal accounts that it was the last working day at the firm. some have been told they will be paid until february next year, getting some sort of certainty after months of uncertainty. a mixed range of emotions, certainly upset, certainly frustrating, certainly some angen frustrating, certainly some anger. also in some cases some relief, right? because this was a thing that played out over the course of the majority of this year. there were, understandably, lots of emotional tweets. another said. for others it was simply by. elon musk ma
As we speak, key figures from industry, World Leaders and even a few celebs are all descending on the alpine ski resort of davos. At this years World Economic forum, Climate Change is the hot topic of the week. Attending this year will be president trump, teenage climate activist Greta Thunberg and top executives from firms including google, netflix, coca cola but is there the will to tackle the issue . Theres clearly a business impact, a report by the imf and Cambridge University found that if temperature continue to rise by 0. 04 degrees every year, for the next 80 years peoples wealth on average will 7 lower compared to if action is taken. However its not all bad news, the Global Commission on adaptation has calculated that a 1. 8 trillion investment over the next decade in measures to adapt to Climate Change, could produce benefits worth more than 7 trillion. Well to get more on this, the bbcs Sally Bundock is in davos for us this week and sent this report. World leaders chief exec