BUSINESS

Days after Twitter Inc fired half its staff and new owner Elon Musk tweeted a recommendation to vote for Republican candidates, election experts are anxiously bracing for a surge in online misinformation as Americans head to the polls on Tuesday.

Yet even before this upheaval, Musk had engineered an acquisition that pushed the San Francisco-based company's finances to the edge.

Pemex opted to drop the plan half-way through completion, the three sources said, as low gas prices made it less economically attractive and political priorities shifted to raising oil output.

The strike has exacerbated the woes facing the troubled national carrier, which has been running losses for years, despite the government pumping in millions of dollars to keep it afloat.

Euro zone finance ministers will discuss on Monday how to better coordinate support for economies against soaring energy prices to reduce the uncertainty such schemes create for their 2023 budgets and to better prepare for a looming recession.

While their spending remains mostly focused on oil and gas, they aim to grow investments in low-carbon in the coming years.

The change comes a week after Musk took over the social media company in a $44 billion deal.

Trade data from the world's No. 2 economy later on Monday could show further cooling in exports as global demand continued to soften.

Foxconn, Apple's principal subcontractor, locked down its massive factory in Zhengzhou last month after a spike in infections -- in line with China's zero-Covid policy.

Africa's mega-cities look to mass transit to ease growing pains

The Kenya Airline Pilots Association (KALPA) launched the strike at Nairobi's Jomo Kenyatta International Airport on Saturday -- defying a court order against industrial action and deepening the woes of the troubled national carrier.

Foxconn, Apple's principal subcontractor, has seen a surge in Covid-19 cases at its Zhengzhou site, leading the company to lock down the vast complex in a bid to keep the virus in check.

Fully electric vehicles, plug-in hybrids and hybrids made up less than 40% of all sales in the same period last year, the association said.

Russia's war on Ukraine and the disruption of the gas supplies on which Europe had relied has injected urgency into the European Union's move toward carbon-free energy.

With the notable exception of Sweden's Northvolt, some startups hoping to build so-called gigafactories to compete with the Asian behemoths are going for smaller plants, with the aim of attracting more investment further down the line.

That is still pretty niche - South Africans spent $15 billion on meat products in 2018 and is now the world's 9th biggest per capita consumer of beef.

Some analysts, however, are predicting a rise of one percentage point, also a 33-year high.

Lenovo had already seen growth for its first-quarter revenue grind to a halt, at only 0.2%. Together with its second-quarter result, the company reported a 2% decline for its fiscal first half.

Prices of the two metals are largely unchanged from the start of the year, with platinum hovering around $950 an ounce and palladium around $1,900 an ounce.

Small Chinese imports from Brazil may begin soon, but larger shipments are not expected until the next harvest begins in early 2023, he added.

Most major central banks, including the U.S. Federal Reserve, the Bank of England and the European Central Bank, are studying the potential launch of a digital version of their currencies, dubbed CBDC.

Wizz's upbeat forecast chimes with the outlook from other European airlines including British Airways-owner IAG and Lufthansa, which have all said they are seeing continued growth in ticket sales.

Microsoft Corp's President Brad Smith said common instruction on issues like carbon accounting was too piecemeal for the roughly 3,900 companies that have vowed to cut their CO2 emissions.

Barclays Plc, which recently made big investments in India and Australia and set up a Taiwan subsidiary in July, is evaluating entering new markets but is currently focused on building up its franchises, its top regional executive said.

Bitcoin mining farms have multiplied in the United States since China halted this activity in 2021. The United States is now emerging as a global leader in the industry.

The IPO would start from Nov. 14 to Nov. 21 for retail investors in the UAE and Saudi Arabia, and Nov. 14 to Nov. 22 for institutional investors in both the countries.

The ride-hailing company disclosed the agreement with HM Revenues and Customs as it reported third-quarter results, saying the cash payment will be sent to authorities in the fourth quarter.

The deal is part of a $170 million investment that Perrigo is making in its U.S. infant formula manufacturing.

Bentley said global sales were up 3% at 11,316 units, while revenue jumped 28% to 2.49 billion euros from 1.95 billion a year earlier.