News Burst 27 April 2022 – Get The News!

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  • Little is known about the Austin, Texas-based family office that manages Musk’s assets. The office is called Excession and the man who helped build it is Jared Birchall, a former Morgan Stanley (MS.N) banker who has advised Musk on his interactions with Wall Street for several years, according to regulatory filings and legal documents. Morgan Stanley led the financing package for Musk’s bid for Twitter and advised Musk on the successful deal, culminating several years of relationships the two have built and bolstered by Birchall. “Excession” is also the title of a science-fiction novel by Iain M. Banks about artificial intelligence that Musk was seen carrying at a Sun Valley, Idaho, conference in 2015. Excession the company was staffed by “essentially two people” in 2019, Musk said in a defamation trial at a federal court in Los Angeles at the time. The second person is not known.
  • Finance sector professionals in Shanghai are preparing to move back to Hong Kong. Thousands of bankers, traders and investors in the financial hub of the world’s second-largest economy have found themselves confined to their homes, with some even struggling to secure food and other essentials for their families. The four-week-long lockdown has started to weigh on prospective financial deals with some transactions being put on hold due to logistical challenges, industry executives said. “What happened in Shanghai is shocking to most of the people. Few would have imagined things will get out of hand to such an extent,” said Melvyn Xu, a private equity investor who moved to Shanghai from Hong Kong in late 2020.
  • Musk first expressed his intent to bring about change to the social media platform after asking his audience what they felt about Twitter’s adherence to free speech principles. With the ongoing censorship of conservative viewpoints, and amid calls from the Biden administration to crack down on so-called ‘Russian disinformation’, the consensus was that Twitter had strayed from its original mission. “Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” Musk said in a statement announcing the acquisition. Elon Musk’s buyout of Twitter is only the first chapter in his efforts to overhaul the platform – to make it live up to his ideal of a ‘digital town square’ and stressed the need to maintain “free speech” on the site, also vowing to make its algorithms open source “to increase trust.”
  • Amazon founder Jeff Bezos has asked whether China gained “leverage” over Twitter after Tesla CEO Elon Musk bought the platform in a multi-billion dollar deal, though quickly walked back the comment. Bezos took to social media on Monday to muse about Musk’s purchase of Twitter for $44 billion, insinuating the move might hand Beijing influence over the online “town square.”
  • Jack Dorsey offered praise and encouragement for Elon Musk after the Tesla CEO purchased Twitter in a $44 billion deal, saying he trusts the company in his hands and that he will ‘take it back’ from Wall Street. Dorsey outlined his views on the purchase in a lengthy Twitter thread on Monday night, stating that while the platform ideally should not be owned by a single person, it is nonetheless a company and Musk “is the singular solution I trust” to keep it afloat. “Elon’s goal of creating a platform that is ‘maximally trusted and broadly inclusive’ is the right one. This is also [Twitter CEO Parag Agrawal’s] goal, and why I chose him,” he wrote, adding “Thank you both for getting the company out of an impossible situation. This is the right path… I believe it with all my heart.”
  • Hunter Biden insisted in 2018 that one of his mistresses – who also happened to be his late brother’s widow – get tested immediately for HIV and report the result to him right away, according to emails obtained by Fox News. Many of the sordid details – as well as an alleged influence-peddling scandal by the Biden family – came to light when data from a laptop that he abandoned at a Delaware repair shop fell into the hands of media outlets in 2020. Fox reported on the latest leaks on Monday, saying that Hunter Biden also accused Hallie Biden of turning her daughter against him and advised her to seek “serious long-term professional help.” The President-elect Joe Biden told reporters in November 2020 that his son did nothing wrong and that the trove of laptop data was Russian disinformation. White House press secretary Jen Psaki reiterated the latter claim as recently as September 2021, after a Politico reporter had confirmed the authenticity of key emails from the laptop. Other major outlets, including the New York Times and Washington Post, verified the emails earlier this year, and Psaki has since sidestepped questions on the topic.
  • According to a Tuesday report by Press TV, the Syrian government has sent letters to UN officials asking for such a formal investigation into alleged atrocities committed by the US-led coalition in the city of Raqqa. “The time has come to shed light on the humanitarian, political, and legal aspects of the matter,” Syria’s Ministry of Foreign Affairs wrote in two identical messages, addressed to UN Secretary General António Guterres and to the rotating president of the UN Security Council, Barbara Woodward. The ministry noted that virtually the entire city was razed by US bombing runs that took place between June and October 2017, resulting in thousands of civilian deaths.
  • Elon Musk’s acquisition of social media giant Twitter has the White House backing away from its embrace of such mega platforms. “No matter who owns or runs Twitter, the president has long been concerned about the power of large social media platforms, the power they have over our daily lives,” White House press secretary Jen Psaki stated during a press briefing on Monday after Musk officially bought Twitter for $44 billion.
  • The International Federation of Journalists on Tuesday condemned SpaceX tycoon Elon Musk’s purchase of Twitter, arguing that his support of free speech is somehow “bad news for media freedom.” Musk promised to root out spam and bots by authenticating human users, and to make the platform a bastion of free speech. Musk’s buyout was condemned by both the International Federation of Journalists (IFJ) and the European Federation of Journalists (EFJ). In a joint statement, titled ‘Twitter: Elon Musk’s deal is bad news for media freedom,’ the federations raised concerns that placing Twitter in “the hands of a single individual would have serious consequences over the social and political use of the platform.”
  • US shipping and logistics company UPS has decided to suspend commercial activities in Russia, Belarus, and Ukraine, Reuters reported on Tuesday. The step has reportedly been taken due to the ongoing conflict in Ukraine. UPS suspended parcel delivery to Russia and Ukraine along with another US shipping giant, FedEx. Neither company has announced when they plan to resume their services in the region.
  • Swiss bank UBS is holding roughly $22 billion in invested assets for Russian clients. The figure was unveiled in the bank’s latest quarterly report on Tuesday. This is the first time UBS, Switzerland’s largest financial institution and the largest private bank in the world, disclosed the proportion of assets it manages for Russians. According to the quarterly report, around 0.7% of the total $3.145 trillion in invested assets in UBS’ wealth management division belongs to “Russian persons not entitled to residency in the European Economic Area (EEA) or Switzerland,” potentially subject to sanctions-related restrictions.
  • A Turkish court has sentenced prominent civil rights activist and philanthropist Osman Kavala to life in prison without parole. The court in Istanbul cleared Kaval of espionage charges but found him guilty of attempting to overthrow the government amid mass protests in 2013. Seven other defendants were also sentenced to 18 years in prison on Monday amid boos in the courtroom. The verdict comes as Europe’s top human rights body, the Council of Europe, launched infringement procedures against Turkey over the case. Ankara has failed to abide by a European Court of Human Rights ruling in 2019 which has called for Kavala’s immediate release. He had spent the last four and a half years in prison without being convicted.
  • Hawaiian Airlines said Monday that it will offer free wireless internet service from SpaceX’s Starlink satellite network on flights between Hawaii and the U.S. mainland, Asia and Oceania. Honolulu-based Hawaiian said it’s the first deal between Elon Musk’s space company and a major airline, although charter operator JSX announced a deal with SpaceX last week. Starlink is SpaceX’s network of satellites in low-Earth orbit, and the deals indicate SpaceX’s interest in gaining a foothold in the in-flight Wi-Fi market.
  • The Japan Aerospace Exploration Agency (JAXA) and space-development startups are working to launch unique probes and rovers to the Earth’s solitary natural satellite. Lunar resources are a hot topic among moon researchers. It is thought that water exists around the moon’s north and south poles, opening up access to potential drinking water and fuel use. By the end of March next year, JAXA aims to launch its Slim probe on a H2A rocket and make a pinpoint landing on the moon.
  • Finland and Sweden joining NATO is “very dangerous charlatanry” and amounts to provoking Russia, Croatian President Zoran Milanovic said on Tuesday. Zagreb will refuse to ratify their membership until the US and EU pressure the neighboring Bosnia-Herzegovina into guaranteeing ethnic Croats their basic voting rights, Milanovic added. “As far as I’m concerned, they can get into NATO, they can poke the rabid bear in the eye with a pen. However, until the electoral law issue in Bosnia-Herzegovina is resolved, until the Americans, the English, the Germans – if they can and want to – compel Sarajevo and Bakir Izetbegovic to update the electoral law in the next six months and grant Croats their elementary rights, the Sabor must not ratify anyone’s admission to NATO,” ,” Milanovic told reporters in Zagreb on Tuesday. NATO cannot admit new members without the approval of current ones, Milanovic pointed out. Historically neutral Sweden and Finland have both made moves to join NATO in recent weeks, citing the Russia-Ukraine conflict.

News Burst 27 April 2022

By cindyloucbp

Cynthia is the typical Pisces! Her left brain activities include scientific activities in the hospital laboratory as a director. Her right-brain activites show as a painter, photographer and musician. She is known as the scientist who sings!

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