Suspect who killed three Pennsylvania officers identified
Police have identified the suspect who fatally shot three officers in southern Pennsylvania as 24-year-old Matthew James Ruth, who was already wanted ...
Wall Street banks are hopeful they can soon sell off $13 billion of debt tied to Elon Musk's social media platform X. They now believe that Musk's close relationship with President-Elect Donald Trump could improve X's prospects, allowing them to sell the debt without large losses.
Elon Musk’s growing political influence has made some Wall Street banks hopeful they can soon sell off $13 billion of debt tied to his purchase of the social media platform X (formerly Twitter), according to three banking sources.
The debt was used to help Musk buy X for $44 billion in 2022, but banks such as Morgan Stanley and Bank of America have struggled to sell it. They now believe that Musk's close relationship with Republican President-elect Donald Trump could improve X’s prospects, allowing them to sell the debt without large losses.
Banks typically sell loans to investors soon after a deal, but major changes Musk made to X—such as mass layoffs and reduced content moderation—drove away advertisers, cutting revenue and increasing the risk of default.
Recently, however, some banks have noticed more users returning to X during events such as the U.S. elections. Trump, whose account was reinstated by Musk after being banned in 2021, has been active on the platform. The banks hope this increased user activity, along with a strong U.S. economy, might boost revenue.
Analysts also believe Musk's ties to Trump, who appointed him to lead a new department on government efficiency, could benefit Musk’s other ventures, like Tesla and SpaceX. Notably, Tesla’s market value crossed $1 trillion for the first time in two years after the election results. The Trump campaign did not respond to requests for comment.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
Police have identified the suspect who fatally shot three officers in southern Pennsylvania as 24-year-old Matthew James Ruth, who was already wanted on stalking charges.
Prime Minister Keir Starmer said on Thursday that Britain "fiercely" protects free speech, but when it was used to incite real harm to children and vulnerable people there was a limit.
Canada's government is sending more asylum-seekers hoping to file claims in Canada back to the U.S. under a bilateral pact, even as the U.S. says it may deport them to third countries.
Ukrainian troops and engineers will train their Polish counterparts in a joint group on countering drones, Ukraine's defence minister Denys Shmyhal said on Thursday, a week after Russian drones flew into Poland.
The Ambassador of Afghanistan to Russia, Ghulam Hassan, has met with Zamir Kabulov, Moscow’s Special Envoy for Afghanistan, to discuss deepening ties and regional engagement, the Afghan embassy in Moscow said on Wednesday.
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