- ‘Barbie’ Breaks $500 Million At U.S. Box Office—Further Cementing Itself As Summer’s Blockbuster Forbes
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- Barbie hits a billion, Alia Bhatt’s Hollywood debut: Check out the newsmakers of the week IndiaTimes
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Tag Archives: Cementing
Elon Musk disbands Twitter’s board, cementing control over company
CNN
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Twitter’s board of directors was dissolved on Thursday following Elon Musk’s takeover of the company, according to a securities filing on Monday.
The company filing states that all previous members of Twitter’s board, including recently ousted CEO Parag Agrawal and chairman Bret Taylor, are no longer directors “in accordance with the terms of the merger agreement.”
Musk, according to the filing, became “the sole director of Twitter.”
The move, while unsurprising, highlights how the world’s richest man has quickly cemented his control over one of the world’s most influential platforms, with few if any checks on his power over the company.
Almost immediately after Musk completed his $44 billion deal to acquire Twitter on Thursday, Musk terminated at least four of its top executives, including Agrawal.
The new Twitter owner plans to rethink the company’s content moderation policies and permanent bans for users who previously violated the platform’s policies, including former President Donald Trump, although he said over the weekend that no major decisions have been made yet. He also is reported to be planning large layoffs at the company.
While Musk has a reputation as an innovative entrepreneur, he is also known for erratic and controversial behavior. This weekend, Musk was widely criticized for tweeting a link to a fringe conspiracy theory about the violent attack on Paul Pelosi, the husband of House Speaker Nancy Pelosi.
Musk later deleted the tweet.
Cementing ties, UAE buys 80 French-made Rafale warplanes
French President Emmanuel Macron, wearing a protective face mask, waits for a guest at the Elysee Palace in Paris, France, December 1, 2021. REUTERS/Sarah Meyssonnier
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DUBAI, Dec 3 (Reuters) – The United Arab Emirates ordered 80 Rafale fighter jets on Friday, the largest order ever for the warplane, a multi-billion dollar arms contract that deepens economic and political ties with France.
French President Emmanuel Macron began a two-day trip to the Gulf on Friday, and will also visit Qatar and Saudi Arabia. His visit comes at a time when Gulf Arab states have voiced uncertainty about the United States’ focus on the region even as they seek more weapons from their key security ally.
The French leader has forged a good relationship with Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan (MBZ) with investments flowing between both countries. Paris has a permanent military base in the Emirati capital.
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“In addition to the presence of three French military bases on UAE territory, this mutual trust translates into the acquisition of 80 Rafale planes, 12 Caracal helicopters, and associated elements,” the French presidency said in a statement after a signing ceremony between MBZ and Macron on the sidelines of the Dubai Expo 2020.
Dassault shares rose 6% on the announcement.
The deal, which could be worth at least $15 billion, is the biggest bulk purchase of the Dassault-made Rafale, other than by the French army, and comes after deals in Greece, Egypt and Croatia this year.
The on-off negotiations for the Rafale fighter jets have been going on for more than a decade with Abu Dhabi publicly rebuffing France’s offer to supply 60 Rafale jets in 2011 as “uncompetitive and unworkable.” Abu Dhabi already has Mirage warplanes.
Defence sources said the Rafale would replace the Mirage 2000 fleet and is unlikely to displace the American F-35 as the UAE continues to hedge its security with two major suppliers, France and the United States.
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Additional reporting by Tim Hepher; Editing by Tim Hepher, Karishma Singh and David Evans
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