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Elon Musk makes surprise appearance on the BBC

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Elon musk says the last few months have been tough following purchase of Twitter

 
Elon Musk has made a surprise appearance on the BBC.

The Twitter and Tesla boss unexpectedly agreed to have a last-minute conversation with Britain’s public broadcaster.

This follows the BBC objecting a new tag describing it as “government funded media” on its main Twitter account.

Musk says his aim is to make the social media platform transparent and honest, but agrees the tag can be updated.

He went onto say the BBC is one of the “least biased” outlets in his opinion.

The BBC has always maintained its impartiality and operates through a Royal Charter agreed with the government, which says it must be independent.

When it comes to his purchase of Twitter, Musk admits the last few months have been “tough”.

And what about the hot topic of the year – AI?

The correspondent questioned Musk on whether we are seeing a huge moment for the sector.

The Twitter boss says AI has been going a long time but needs an “easy interface” like chatbot ChatGPT has provided.

He’s been warning about safety for decades and believes there should be a regulatory body to make sure it doesn’t present a danger to the public in the future. #trending #featured

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France receives lowest credit rating due to crisis

France’s credit rating downgraded to record low amid political and fiscal crisis, raising concerns over debt and stability

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France’s credit rating downgraded to record low amid political and fiscal crisis, raising concerns over debt and stability

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In Short:
– Fitch Ratings downgraded France’s credit rating to A+, citing political instability and fiscal challenges.
– New Prime Minister Lecornu must secure budget approval amidst rising deficit and potential no-confidence vote.
Fitch Ratings has downgraded France’s credit rating from AA- to A+, the lowest ever recorded, amid ongoing political and fiscal challenges.
The decision comes shortly after Prime Minister François Bayrou was removed in a vote of no confidence regarding his €44 billion austerity plan.
President Emmanuel Macron has appointed Sébastien Lecornu as the new prime minister, marking the fifth leadership change in under two years.Banner

Fitch highlighted political instability as a key factor undermining fiscal reforms, with France’s debt now at €3.3 trillion, or 113.9% of GDP.

The budget deficit increased to 5.8% of GDP and is expected to rise, posing challenges ahead.

Political Instability

The new prime minister faces a divided parliament and must secure budget approval by October 7.

The far-left plans a no-confidence vote against Lecornu, complicating further cooperation on legislative reforms, with S&P Global hinting at a potential downgrade.


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Trump moves to fast-track removal of Fed governor Lisa Cook

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The White House is set to fast-track a ruling on firing Federal Reserve Governor Lisa Cook, just days before the crucial FOMC meeting.

The move comes as markets reel from surging inflation, weak jobless data, and global currency shifts, raising questions about the Fed’s independence and the stability of policy decisions.

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ANZ job cuts spark banking clash

ANZ plans to cut 3,500 jobs, sparking debate on the future of Australia’s banking sector and employment dynamics.

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ANZ plans to cut 3,500 jobs, sparking debate on the future of Australia’s banking sector and employment dynamics.


ANZ has announced plans to cut 3,500 staff and 1,000 contractors over the next year, triggering a fierce debate between business leaders, unions, and government about the future of Australia’s banking sector.

The decision raises wider questions about the resilience of the business community and the role of politics, productivity, and technology in shaping employment.

#ANZ #Banking #Jobs #Unions #Australia #Economy #TickerNews


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