FT News Briefing Elon Musk offers to follow through on Twitter deal
Oct 5, 2022
Elon Musk is back in the spotlight, reaffirming his commitment to buy Twitter for $44 billion. Meanwhile, Russians face a crisis, with many fleeing to Kazakhstan to escape conscription amidst growing tensions. Personal stories from this exodus reveal the emotional turmoil of those trying to avoid conflict. On a different note, China's economy struggles as small businesses grapple with weak consumer spending and the fallout from the pandemic, while the government hesitates to implement necessary social safety measures.
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Musk's Twitter Deal Revival
- Elon Musk offered to buy Twitter at the original price, avoiding a trial.
- He likely wanted to avoid further public scrutiny and potential legal setbacks.
Fleeing Conscription
- Alexander, a Russian man, fled to Kazakhstan after the mobilization decree.
- He feared being drafted to fight a war near his children in Zaporizhzhia.
China's Stalled Growth
- China's consumer economy hasn't taken off as expected, hindering growth.
- Beijing might fear that a stronger middle class could demand political change.
