CONS

If Musk Owning Twitter Is a Security Risk, What About Tesla?

(Bloomberg Opinion) — Might Elon Musk be saved from the madness of his deal for Twitter Inc. by paranoia? Bloomberg News had a bombshell scoop Thursday night reporting that Biden administration officials, viewing Musk as a little too Russophilic, are weighing security reviews for his various ventures. Space Exploration Technologies Corp., or SpaceX, could be …

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UK Recession Awaits Truss Successor

Escalating inflation, higher borrowing costs and a likely recession are in store for Liz Truss’s successor as Britain’s prime minister. UK consumer prices rose 10.1% last month, the first double-digit reading in four decades, and energy costs are set to soar further this winter. Euro-area inflation just managed to slip below the 10% mark, and …

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Global Housing Market Pain Has Echoes Of A Crash 30 Years Ago

(Bloomberg) — When Covid sent the UK economy into lockdown in 2020, the government jumped in to help the property market by cutting a tax on purchases. The temporary measure triggered a kind of mania among buyers, who responded by bidding up average prices by £31,000 ($35,000) — more than double the maximum tax saving.

India’s New Rich Fuel Brand Expansion for Tata’s Jewelry Arm

Titan gets about 90% of its revenue from the sale of jewelry and the rest from watches, eyewear and perfumes. It has four jewelry brands under its umbrella: flagship Tanishq, working women-focused Mia, online sales portal Caratlane, and Zoya, which is aimed at rich customers. 

Musk Proposes to Buy Twitter for Original Price of $54.20 a Share

Musk’s legal team was getting the sense that the case was not going well, as Judge Kathaleen St. J. McCormick sided repeatedly with Twitter in pretrial rulings, according to one person familiar. Even with the late emergence of a Twitter whistleblower who alleged executives weren’t forthcoming on security and bot issues, there were concerns Musk’s …

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India Has a $1.2 Trillion Plan to Snatch Factories From China

Indeed, data on the Ministry of Statistics and Programme Implementation’s website paints a picture of delayed, over-budget projects, which are hurting the nation’s economic recovery in a post-pandemic world. In May, India had a total of 1,568 projects, out of which 721 were delayed, while 423 ran over their original cost of implementation.