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BBCNEWS BBC News July 6, 2024

interview with bbc, elon musk, the owner of twitter, admitted he only went through with the purchase of the company because a judge was about force him to do so, that his takeover of twitter was painful and quite a rollercoaster, but that he would sell the company if the right person came along. musk purchased twitter for a whopping $41; billion, just over £35 billion pounds. just over £35 billion. he inherited a workforce of over 8,000 employee which he has defended cutting down to around 1,500, saying the company would have gone bankrupt otherwise. it s been just over a year since mr musk began his takeover of twitter. he purchased his first shares on 5 april, 2022, buying 9%. days later, musk submitted an offer to buy the whole company, above the current stock price. that was accepted on the 25th of april. in may, musk tweeted that the deal to buy twitter was temporarily on hold, he said because of the volume of fake accounts. twitter denied that and invited musk t ....

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BBCNEWS World Business Report July 6, 2024

a major new service unveiled to take on the likes of netflix, disney and amazon. but will viewers stump up the cash for another subscription? let us now focus on the top money stories. we start with the cost of borrowing, because the number two at the international monetary fund has told the bbc we shouldn t bank on lower interest rates any time soon. the imf and world bank are hosting global financial leaders at their spring meeting in washington, dc. the imf s deputy managing director has been speaking to our correspondent, samira hussain. gita gopinath told samira that central banks must stay the course in fighting inflation despite the shock waves sent through the banking system by rapidly rising interest rates. it is very difficult to be fully prepared for all the consequences of the times we are in, when you come out of a pandemic and there is a war and you have this very large increase in any energy prices, many things can happen. interest rates have gone up sharply, ....

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BBCNEWS BBC News June 4, 2024 02:23:00

The latest figures in the us show that inflation is starting to call, but it still remains stubbornly high. and of all the risks to the american economy, really high inflation remains the biggest stop and is why america s central bank, the federal reserve, has been raising interest rates, by making it more expensive to borrow money is to bring down the cost of goods. now, this is not a uniquely american problem. countries around the world are facing this. so how long will we be living in an era of high interest rates? well, i ve put the question to the deputy managing director of the deputy managing director of the international monetary fund, guto beb and us. ﬁur fund, guto beb and us. our expectation fund, guto beb and us. our expectation is fund, guto beb and us. our expectation is that - fund, guto beb and us. our expectation is that it - fund, guto beb and us. oi expectation is that it is going to take more time to bring core inflation down in many of the economies of the w ....

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BBCNEWS World Business Report June 4, 2024 04:33:00

To prevent events like this from happening. why do you think the global from happening. why do you think the global economy - from happening. why do you think the global economy is l from happening. why do you | think the global economy is at risk for a hard landing? to think the global economy is at risk for a hard landing?- risk for a hard landing? to be very clear. risk for a hard landing? to be very clear, our risk for a hard landing? to be very clear, our baseline - risk for a hard landing? to be very clear, our baseline is - risk for a hard landing? to be| very clear, our baseline is not by hard landing, but we have a scenario where inflation remains high, it has to be brought down, that requires interest rates staying high for longer, and this is coming off a decade of very low interest rates and vulnerabilities that are built up. rates and vulnerabilities that are built un rates and vulnerabilities that are built um rates and vulnerabilities that are built up- are buil ....

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