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Friday, May 20, 2022

Global debt hits new record of $305T in Q1

World (The Times Groupe)- The Institute of International Finance (IIF) reported that global debt hit a new high of $305 trillion in the first quarter of 2022, equal to 348% of gross domestic product (GDP).

More than 160M children worldwide in child labor

World (The Times Groupe)- The International Labor Organization (ILO) and UNICEF released a report on Wednesday showing more than 160 million children are working in child labor around the world.

U.S. Monkeypox case reported, as U.K., Europe report infections in growing outbreak

Europe (The Times Groupe)- In the United States, a case of Monkeypox has been confirmed in a person who traveled to Canada recently. As of yet, no one knows if the man, who lives in Massachusetts and traveled to Canada by car, is connected to the Monkeypox outbreak in Europe.

Elon Musk taking Twitter private in $44 billion deal

TechElon Musk taking Twitter private in $44 billion deal

New York (Times Of Ocean) – The world’s richest man Elon Musk has agreed to buy Twitter for $44 billion in cash in a deal that will shift control of the social media platform populated by millions of users and global leaders to him.

It’s a pivotal moment for a company that has emerged as one of the world’s most influential public squares and now faces a string of challenges.

As Musk wooed Twitter shareholders with details of his financing offer over the weekend, discussions over the deal accelerated, which appeared unclear last week.

As a result of pressure, Twitter started negotiating with Musk to buy the company at $54.20 per share.

“Free speech is vital for a functioning democracy, and Twitter is the digital town square where humanity’s future is debated,” Musk said in a statement.

Shares of Twitter rose about 6% on the news.

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