Twitter to hold annual meeting amid Musk uncertainty
Twitter Inc will face skeptical shareholders on Wednesday during its annual meeting, as doubt remains over whether the company will complete its deal to be acquired by billionaire Elon Musk at the agreed-upon price. The Tesla chief executive tweeted on May 13 that the $44 billion acquisition was "temporarily on hold" while he sought more information about the proportion of fake accounts on Twitter.
Advanced economies to be back on track by 2024: Gita Gopinath
Business: Gita Gopinath said central banks are trying to tackle this high level of inflation and are raising interest rates sharply, which they need to do, but that will also have consequences for global finance and trade.
Palm oil imports could fall to 11-yr low: Report
India's palm oil imports could fall 19% to the lowest level in 11-years as soyoil, now cheaper, takes more market share because of Indonesia's curbs on palm oil exports and New Delhi's move to allow duty-free imports of soyoil, dealers said.
Digit Insurance targets $5 billion in IPO valuation: Report
Digit Insurance, backed by Canadian billionaire Prem Watsa's Fairfax Group, is considering raising about $500 million in an initial public offering at a valuation of $4.5 billion to $5 billion, three people aware of the matter told Reuters. Founded in 2017, Digit is trying to capitalise on India's under-penetrated general insurance market along with users' need for a better customer experience.
Spicejet faces ransomware attack; flights impacted
Hundreds of SpiceJet airlines passengers were stranded at various airports due to a ransomware attack that impacted the morning flight departures on Wednesday. "Certain SpiceJet systems faced an attempted ransomware attack last night that impacted and slowed down morning flight departures today. Our IT team has contained and rectified the situation," SpiceJet tweeted.