BUSINESS

If successful, the takeover would rank as one of the biggest private equity-backed buyouts of an Australian company, and would be the largest deal in the country this year, Refinitiv data shows.

The internal review found monetary policy decisions were consistent with the data available at the time, while worst-case scenarios were avoided.

Brent crude futures fell 34 cents, or 0.4%, to $92.31 a barrel at 0115 GMT. U.S. West Texas Intermediate (WTI) crude futures were down 31 cents at $85.52 a barrel.

All eyes are turning to the latest U.S. inflation figures, but all tongues are wagging about the crash in crypto.

FTX founder Sam Bankman-Fried had cultivated friends in Washington and basked in glowing tributes when he stepped in to rescue other ailing crypto companies earlier in the year.

The state-owned Commercial Aircraft Corp of China (COMAC) said it had sealed orders for 300 of the narrow-body C919 at a major airshow on Tuesday.

The Hurun China Rich List, released Tuesday, said the total wealth of all individuals with a minimum net worth of 5 billion yuan ($691 million) dropped by 18 percent to $3.5 trillion.

Pressure on FTX came in part from Binance CEO Changpeng Zhao, who had said on Sunday that Binance would liquidate its holdings of the rival's token due to unspecified "recent revelations."

The developers of the River Club project in Cape Town have won a major court case, paving the way for Amazon's new African headquarters.

Crawford also confirmed that the revamped Twitter Blue subscription product, which will allow paid users to carry blue check marks on their accounts, will not actually verify users' identities.

Members of the Kenya Airline Pilots Association (KALPA), which represents about 400 pilots at the carrier, went on strike on Saturday after failing to resolve a dispute over pension contributions and settlement of deferred pay.

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.