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Ups and downs
The pan-European STOXX 600 index rose 2.7% at 0716 GMT - hitting its highest in almost a month, with governors of several hard-hit U.S. states pointing to tentative signs the outbreak might be starting to plateau.
The British aero-engine maker jumped 15.4% after losing more than half its value this year, as it secured an extra 1.5 billion pounds ($1.8 billion) in reserves, even though it suspended its dividend for the first time since 1987.
US stock indexes fell on Wednesday as uncertainty around the outcome of a tightly contested midterm election weighed on the mood, with investor focus shifting to Thursday’s inflation data for clues on the path of future interest rate hikes.
Musk, who has more than 80 million followers on the microblogging platform, became its largest shareholder following the purchase of 73.5 million shares or 9.2 per cent of common stock, according to a securities filing.
One of the interesting aspects of Open AI’s flip-flop over CEO Sam Altman is the financial angle. It was Altman who struck a deal with Microsoft and raised Open AI’s market value to $80 billion. When Altman was sacked by the now melted board of directors, Microsoft’s Satya Nadella offered Altman a job,
Boris Johnson is expected to apologise for “unquestionably” making mistakes in his handling of the pandemic during his appearance before the Covid Inquiry. But the former prime minister will argue that his controversial decisions ended up saving “tens if not hundreds of thousands of lives”.
The slow but inexorable pace of social change sometimes leaves political parties stranded. One hundred years ago on Wednesday, Labour won more seats than the Liberals in the general election, and six weeks later Ramsay MacDonald formed the first Labour government after negotiations in a hung parliament.
It’s so unfortunate that the Russia and Ukraine war is still going on despite heavy losses recorded from both sides. There is no solution to any conflict through the use of force and attacks. It’s the need of the hour to start meaningful peace talks so as to avoid any further human and financial losses