• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Italys composite PMI came in at 53.6 in August, up from 52.5 in the previous month.Italys services PMI for August was 55.2, below the expected 54 and the previous reading of 52.5.September 3rd - According to the China Passenger Car Association (CPCA), preliminary statistics show that from August 1st to 31st, the national retail sales of new energy passenger vehicles reached 1.069 million units, a 4% decrease compared to the same period last August, but a 12% increase compared to the same period last month. Since the beginning of the year, the cumulative retail sales of new energy passenger vehicles have reached 6.737 million units, an 11% decrease compared to the same period last August. From August 1st to 31st, the national wholesale sales of new energy passenger vehicles by manufacturers reached 1.506 million units, a 16% increase compared to the same period last August, and a 4% increase compared to the same period last month. Since the beginning of the year, the cumulative wholesale sales of new energy passenger vehicles by manufacturers have reached 9.754 million units, a 9% increase year-on-year.Market news: Japan will hold a special parliamentary session in early October.On September 3, Foreign Ministry Spokesperson Guo Jiakun held a regular press conference. A reporter asked: Mexican Foreign Minister Velasco will visit China from September 6 to 7. How does China evaluate the current state of China-Mexico relations? What are Chinas expectations for this visit? Guo Jiakun stated that Mexico is a major country in Latin America and an important emerging market. China and Mexico are comprehensive strategic partners. For more than 50 years since the establishment of diplomatic relations, bilateral relations have continued to develop in depth, with fruitful results in exchanges and cooperation in various fields. The two sides maintain close coordination and cooperation in international and regional affairs. This visit is Mr. Velascos first visit to China since assuming the post of Foreign Minister in April this year. China looks forward to exchanging in-depth views with Mexico on bilateral relations and international and regional issues of common concern during this visit, continuously enhancing political mutual trust, deepening mutually beneficial cooperation, promoting the stable development of China-Mexico relations, and better benefiting the people of both countries.

Elon Musk Visits Twitter Ahead of the Contract's Expiration Date

Aria Thomas

Oct 27, 2022 11:54

15.png


Elon Musk stated on Wednesday that he would be visiting the San Francisco headquarters of Twitter Inc (NYSE:TWTRSan) days before the court-mandated deadline to finalize his $44 billion offer for the social media network.


"Entering Twitter HQ – let it soak in!" was the description of a video shared by Musk, which showed him carrying a sink into the Twitter headquarters.


Earlier that day, he upgraded his bio to include the title "Chief Twit," implying he was the company's senior executive.


Twitter confirmed Musk's impending San Francisco headquarters visit, but refused to comment more.


The Wall Street Journal reported, citing individuals familiar with the issue, that banks have started delivering $13 billion in cash to back Musk's acquisition of Twitter, suggesting that the transaction is on pace to close by the end of the week.


According to the story, once the final closing conditions are met, the monies will be made available to Musk so that he may finalize the sale by Friday's deadline.


When approached by Reuters, Morgan Stanley (NYSE:MS), Barclays (LON:BARC), and Bank of America (NYSE:BAC) refused to comment on the WSJ article.


Twitter first fought the purchase by adopting a poison pill, and then sued the world's wealthiest man after he announced intentions to cancel the offer owing to concerns over spam accounts on the network.


Musk suggested earlier this month to go through with his first $44 billion transaction, demanding dismissal of Twitter's lawsuit.


Reuters reported on Tuesday that the CEO of Tesla (NASDAQ:TSLA) notified co-investors who agreed to help finance the acquisition of Twitter that he intends to complete the transaction by Friday.


According to Reuters, equity investors including Sequoia Capital, Binance, and Qatar Investment Authority have received the requisite papers for the financial commitment from Musk's legal team.


During extended trading, Twitter's share price increased by over 1.1% to $53.91, barely below Musk's offer price.