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Elon Musk’s artificial intelligence company, xAI, has acquired the social media platform X (formerly known as Twitter) in an all-stock transaction valued at $45 billion, including $12 billion in debt.
Recent reports indicate a significant decline in U.S. consumer confidence, reaching its lowest point in over four years.
On Friday, March 28, 2025, U.S. stock markets experienced significant declines due to escalating trade tensions and persistent inflation concerns.
As the April 3 implementation date for the 25% tariffs on imported vehicles approaches, U.S. consumers are rushing to dealerships to purchase cars before anticipated price increases take effect.
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- Denmark bans civil drones for a week after sightings over military bases
Danish government says security measures are required ahead of two summits of European leaders
- Economists favour Waller to lead Fed but expect Trump to pick a loyalist
Kevin Hassett is seen as most likely to replace Jay Powell under pressure from president, according to FT survey
- New York mayor Eric Adams abandons re-election bid
Democratic socialist Zohran Mamdani and Andrew Cuomo will now face off in city’s November poll
- Occidental Petroleum in talks to sell OxyChem unit for about $10bn
Deal would carve out one of the world’s largest standalone petrochemicals units
- Pro-democracy activist Nathan Law is denied entry to Singapore
Hong Kong has issued a bounty for the arrest of former student leader of the Umbrella Movement protest group
- Russian missiles and drones pound Ukraine in ‘savage’ 12-hour attack
Ukrainian President Volodymyr Zelenskyy says assault involved nearly 500 drones and more than 40 missiles
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