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Elon Musk terminates $44bn Twitter deal

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Elon Musk, the billionaire founder of Tesla Inc. said he is terminating his $44 billion Twitter deal, saying the social media company had failed to provide information about fake accounts on the platform.

Musk said this on Friday, according to Reuters.

This comes after Twitter allowed Musk access to its “firehose”, a repository of raw data on hundreds of millions of daily tweets, last month.

In a filing, Musk’s lawyers said Twitter had failed or refused to respond to multiple requests for information on fake or spam accounts on the platform, which is fundamental to the company’s business performance.

In a bid to privatise the microblogging platform, the billionaire had offered to buy Twitter for $43 billion in April.

He later agreed to acquire the platform for $44 billion.

But after several internal turmoils that trailed billionaire’s planned buyout of the company, Musk decided to soft-pedal on his acquisition bid, citing reasons of fake accounts on the platform.

“Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5 percent of users,” Musk had tweeted.

World

UK former deputy PM John Prescott dies at 86

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Britain’s former deputy prime minister, John Prescott, who served under Tony Blair and with him helped transform the country’s Labour party, has died at 86, his family said on Thursday.

“We are deeply saddened to inform you that our beloved husband, father and grandfather, John Prescott, passed away yesterday (Wednesday) at the age of 86,” a statement read.

Blair, the privately educated lawyer who appointed working-class Prescott to help appease the Labour left as he moved the party to the centre ground, said he was “devastated” at Prescott’s death.

“There was no one quite like him in British politics,” he told BBC radio.

Keir Starmer, who became Labour’s first prime minister since 2010 after a landslide general election win in July, called Prescott “a true giant of the Labour movement”.

“He was a staunch defender of working people and a proud trade unionist. During a decade as deputy prime minister, he was one of the key architects of a Labour government that transformed the lives of millions of people across the nation,” he added.

“So much of John’s work set the path for those of us fortunate enough to follow. From leading climate negotiations to fighting regional inequality, his legacy will live on well beyond his lifetime.”

Prescott, a former merchant seaman and trade union activist who served as a member of parliament for Hull in northern England for four decades, died “peacefully” at a care home, his wife Pauline, and two sons said.

“He did so surrounded by the love of his family and the jazz music of Marian Montgomery,” they added.

Prescott, who was appointed to the House of Lords, suffered a stroke in 2019 and had been suffering from Alzheimer’s. He stopped being a member of the upper chamber of parliament in July because of his health problems.

Plain-speaking, Prescott served for 10 years as Blair’s deputy following Labour’s landslide 1997 general election win. During a campaign stop in north Wales he punched a protester who threw an egg at him.

But he also acted as a mediator between Blair and his finance minister Gordon Brown, who also helmed the transformation of Labour in the 1990s and who had designs on power.

Prescott’s brief included the environment and transport, as well as leading negotiations for Britain for the international Kyoto Protocol on climate change.

Blair said in a 2007 letter to Prescott that he saw his role as “smoothing out colleagues and sorting out colleagues and trouble-shooting”.

“The completely unique Prescott blend of charm and brutality… got you through the decade, kept the government together and above all, gave me a lot of fun. I was lucky to have you as my deputy,” he told him.

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Education

Canada now permits international students to work 24 hours

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Canada has increased the permissible work hours for eligible international students during academic terms from 20 to 24 hours per week.

This adjustment aims to provide greater opportunities for students to gain work experience while maintaining their focus on academics.

Marc Miller, Canada’s Immigration, Refugees, and Citizenship Minister, stressed the intent behind this policy change, saying, “This change will give students more flexibility to manage their time and gain practical experience.”

The decision builds on remarks Miller made in October 2022 when he emphasized the importance of work experience for international students.

At the time, he stated: “With the economy growing at a faster rate than employers can hire new workers, Canada needs to look at every option so that we have the skills and workforce needed to fuel our growth.

“Immigration will be crucial to addressing our labour shortage. By allowing international students to work more while they study, we can help ease pressing needs in many sectors across the country, while providing more opportunities for international students to gain valuable Canadian work experience and continue contributing to our short-term recovery and long-term prosperity.”

Key Changes to the International Student Program
Full-Time Work During Academic Breaks

International students can now work full-time during designated academic breaks, such as summer and winter holidays. These periods allow students to increase their earnings without interfering with class schedules, bolstering their financial stability while continuing their education.

The updated regulations permit students to work up to 24 hours per week during academic terms. This increase offers greater employment opportunities while ensuring students can maintain a sustainable study schedule.

Enhanced Reporting by Institutions

Designated Educational Institutions (DLIs) are now required to submit reports twice yearly to Immigration, Refugees, and Citizenship Canada (IRCC). These reports will confirm students’ enrollment status and academic progress, ensuring compliance with study permit requirements and upholding the integrity of the International Student Program.

Approval for Institution Transfers

Under the new rules, international students must obtain approval before transferring to a different DLI. This requirement ensures adherence to permit conditions and maintains academic standards across Canada’s institutions.

Special Provisions for Quebec Students

In Quebec, eligible international students can work off-campus without a separate work permit, provided they meet specific criteria. Students must be enrolled full-time in post-secondary, vocational, or professional training programs, or vocational training at the secondary level. These courses must be at least six months long and lead to a recognized degree, diploma, or certificate.

By introducing these measures, Canada aims to enhance opportunities for international students while addressing labour shortages in key sectors, ensuring a balance between work experience and academic success.

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World

Trump appoints Elon Musk to lead department of government efficiency

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US President-Elect Donald Trump has appointed Elon Musk, chief executive officer (CEO) of Tesla and SpaceX, to lead a soon-to-be-established Department of Government Efficiency (DOGE).

Musk, owner of X, the microblogging platform previously known as Twitter, was an avid supporter of Trump during the electioneering leading up to the November 5 presidential election.

The former president defeated Vice-President Kamala Harris after securing more than 270 of the electoral college votes required to win the poll.

A statement on Tuesday said Musk would run DOGE alongside Vivek Ramaswamy, a politician and entrepreneur.

It said the duo “will pave the way for my Administration to dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies Essential to the ‘Save America’ Movement’.

“I look forward to Elon and Vivek making changes to the Federal Bureaucracy with an eye on efficiency and, at the same time, making life better for all Americans,” the statement quoted the president-elect as saying.

“Importantly, we will drive out the massive waste and fraud which exists throughout our annual $6.5 Trillion Dollars of Government Spending.”

Trump will take office for a second and final term on January 25, 2025.

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Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.

She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others

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