The European Commission said on Wednesday that it has recommended granting European Union candidate member status to Bosnia and Herzegovina. The news came amid controversies relating to the governance in the nation, but the EU has said that the membership depends on future reforms.&nbsp;

This was a major step for the Balkan nation which has been looking to gain EU membership for the last few years and if things go according to plan, it can become a candidate member by 2023. &nbsp;

Also read |&nbsp;<a href="https://www.wionews.com/world/china-intensifies-security-ahead-of-20th-ccp-congress-arrests-over-14-million-criminals-524783">China arrests over 1.4mn 'criminals' ahead of 20th CCP congress</a>

The European Commission has the power to recommend countries for EU membership and the decision is taken after a unanimous vote. EU Enlargement Commissioner Oliver Varhelyi said that after much deliberation by all members of the commission, they “recommended that candidate status be granted” to Bosnia and Herzegovina “pending a slew of commitments for fundamental reform” in the future.&nbsp;

“We are doing this for the people of Bosnia and Herzegovina. But it also comes with high expectations. It is for the elites to turn this into reality,” Varhelyi said as reported by Reuters.&nbsp;

Also read |&nbsp;<a href="https://www.wionews.com/world/ukrainians-among-eight-suspects-detained-by-russia-over-crimea-bridge-blast-524714" hreflang="en">Ukrainians among eight suspects detained by Russia over Crimea bridge blast</a>

While becoming a candidate member is a huge step forward for any country, it can generally take around two-three years for a nation to ultimately become a full member of the European Union.&nbsp;

When it comes to the country’s internal issues, the global media has been extremely critical of the corruption scandals and electoral frauds in the recent past. The government has been accused of fraud in the recent elections with the Election Commission ordering recounts in several regions.&nbsp;

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>

The European Commission said on Wednesday that it has recommended granting European Union candidate member status to Bosnia and Herzegovina. The news came amid controversies relating to the governance in the nation, but the EU has said that the membership depends on future reforms.

The European Commission said on Wednesday that it has recommended granting European Union candidate member status to Bosnia and Herzegovina. The news came amid controversies relating to the governance in the nation, but the EU has said that the membership depends on future reforms. This was a major step for the Balkan nation which has been looking to gain EU membership for the last few years and if things go according to plan, it can become a candidate member by 2023. Also read | China arrests over 1.4mn 'criminals' ahead of 20th CCP congress The European Commission has the power to recommend countries for EU membership and the decision is taken after a unanimous vote. EU Enlargement Commissioner Oliver Varhelyi said that after much deliberation by all members of the commission, they “recommended that candidate status be granted” to Bosnia and Herzegovina “pending a slew of commitments for fundamental reform” in the future. “We are doing this for the people of Bosnia and Herzegovina. But it also comes with high expectations. It is for the elites to turn this into reality,” Varhelyi said as reported by Reuters. Also read | Ukrainians among eight suspects detained by Russia over Crimea bridge blast While becoming a candidate member is a huge step forward for any country, it can generally take around two-three years for a nation to ultimately become a full member of the European Union. When it comes to the country’s internal issues, the global media has been extremely critical of the corruption scandals and electoral frauds in the recent past. The government has been accused of fraud in the recent elections with the Election Commission ordering recounts in several regions.

EU Commission recommends candidate member status for Bosnia and Herzegovina

Pakistan International Airlines (PIA) has been severely impacted by the ban imposed by the European Union Aviation Safety Authority (EASA) as it was forced to give seven of its landing slots at London’s Heathrow Airport to foreign airlines. The slots have not been functional since the ban was imposed in 2020.&nbsp;

The move is aimed at keeping the slots in the long run as six of them will now be used by Turkish Airlines while one was leased out to Kuwait Airways. Both leases will officially end on March 25th, 2023.

Also read |&nbsp;<a href="https://www.wionews.com/world/ukrainians-among-eight-suspects-detained-by-russia-over-crimea-bridge-blast-524714">Ukrainians among eight suspects detained by Russia over Crimea bridge blast</a>

Overall, the PIA have 10 slots at the Heathrow Airport which is considered to be the busiest in the world. However, with the travel ban imposed on it due to the pilot licence forgery scandal, they have faced pressure from several authorities to follow the 'use it or lose it'&nbsp;rules during the Covid pandemic.&nbsp;

With the airlines not using the slots, the concerns regarding the maintenance and long-term ownership also prompted several notices from the Heathrow officials. The move to lease them out also provides a short-term solution to the problems and allows PIA to find a workaround when it comes to the ban.&nbsp;&nbsp;

WATCH |&nbsp;Pakistan International airlines faces sanctions, loses Heathrow landing spots

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/pakistan-international-airlines-faces-sanctions-loses-heathrow-landing-spots-524753/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

"We have given them under the babysitting concept for six months and will get them back once the flight operation starts,” a PIA spokesperson told Geo.tv when ask about the arrangement.&nbsp;

The spokesperson also said that the slots are of “great importance” and Pakistan aviation minister Khawaja Saad Rafique is personally monitoring the ongoing negotiations.

Pakistan International Airlines (PIA) has been severely impacted by the ban imposed by the European Union Aviation Safety Authority (EASA) as it was forced to give seven of its landing slots at London’s Heathrow Airport to foreign airlines.

Pakistan International Airlines (PIA) has been severely impacted by the ban imposed by the European Union Aviation Safety Authority (EASA) as it was forced to give seven of its landing slots at London’s Heathrow Airport to foreign airlines. The slots have not been functional since the ban was imposed in 2020. The move is aimed at keeping the slots in the long run as six of them will now be used by Turkish Airlines while one was leased out to Kuwait Airways. Both leases will officially end on March 25th, 2023. Also read | Ukrainians among eight suspects detained by Russia over Crimea bridge blast Overall, the PIA have 10 slots at the Heathrow Airport which is considered to be the busiest in the world. However, with the travel ban imposed on it due to the pilot licence forgery scandal, they have faced pressure from several authorities to follow the 'use it or lose it' rules during the Covid pandemic. With the airlines not using the slots, the concerns regarding the maintenance and long-term ownership also prompted several notices from the Heathrow officials. The move to lease them out also provides a short-term solution to the problems and allows PIA to find a workaround when it comes to the ban. WATCH | Pakistan International airlines faces sanctions, loses Heathrow landing spots "We have given them under the babysitting concept for six months and will get them back once the flight operation starts,” a PIA spokesperson told Geo.tv when ask about the arrangement. The spokesperson also said that the slots are of “great importance” and Pakistan aviation minister Khawaja Saad Rafique is personally monitoring the ongoing negotiations.

Pakistan International Airlines leases out its seven landing spots at Heathrow Airport

Singapore Airlines has finally ended its controversial rule of firing pregnant cabin crew after it faced a lot of criticism over the years. Following a report by Strait Times, the company clarified that the cabin crew “may choose to work in a temporary ground attachment” during their pregnancy.&nbsp;

Earlier, the company rules stated that any flight crew, who informed the authorities about their pregnancy, was put on leave without any pay and was forced to quit after the birth of the child. &nbsp;

Also read |&nbsp;<a href="https://www.wionews.com/world/russia-ukraine-war-updates-live-russian-strike-kills-seven-at-market-in-east-ukraine-governor-524760" hreflang="en">Russia-Ukraine war LIVE | Nord Stream leaks are 'int'l terrorism': Putin</a>

According to the report, the women were not even allowed to do the groundwork for the airline and if they wanted to work after the pregnancy, they had to submit a fresh application with the company.&nbsp;

The rule has been the same since the airline was launched and even in 2010, they faced strict criticism from gender equality groups all around the world for sticking to ‘archaic” regulations.&nbsp;

However, the situation has changed quite a bit due to the labour shortage resulting from the COVID-19 pandemic. According to the new rules which came into effect on July 15, the women will be allowed to resume their work after their pregnancy and will also be granted sufficient maternity leaves.&nbsp;

Also read |&nbsp;<a href="https://www.wionews.com/world/leak-detected-in-polish-part-of-druzhba-pipeline-between-russia-and-germany-524684" hreflang="en">Leak in Russia-Europe Druzhba pipeline, looks like ‘accident’, says Polish operator</a>

In the official statement, the airline said that it will now allow&nbsp;“ground placements for pregnant cabin crew last for at least three months and as long as nine months" under the new rules.&nbsp;

There is still one point of contention as the cabin crew will still be placed on leave without pay if they want a cabin job and if they will be free to apply for ground staff work during the pregnancy.&nbsp;

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>

Singapore Airlines has finally ended its controversial rule of firing pregnant cabin crew after it faced a lot of criticism over the years. Following a report by Strait Times, the company clarified that the cabin crew “may choose to work in a temporary ground attachment” during their pregnancy.

Singapore Airlines has finally ended its controversial rule of firing pregnant cabin crew after it faced a lot of criticism over the years. Following a report by Strait Times, the company clarified that the cabin crew “may choose to work in a temporary ground attachment” during their pregnancy. Earlier, the company rules stated that any flight crew, who informed the authorities about their pregnancy, was put on leave without any pay and was forced to quit after the birth of the child. Also read | Russia-Ukraine war LIVE | Nord Stream leaks are 'int'l terrorism': Putin According to the report, the women were not even allowed to do the groundwork for the airline and if they wanted to work after the pregnancy, they had to submit a fresh application with the company. The rule has been the same since the airline was launched and even in 2010, they faced strict criticism from gender equality groups all around the world for sticking to ‘archaic” regulations. However, the situation has changed quite a bit due to the labour shortage resulting from the COVID-19 pandemic. According to the new rules which came into effect on July 15, the women will be allowed to resume their work after their pregnancy and will also be granted sufficient maternity leaves. Also read | Leak in Russia-Europe Druzhba pipeline, looks like ‘accident’, says Polish operator In the official statement, the airline said that it will now allow “ground placements for pregnant cabin crew last for at least three months and as long as nine months" under the new rules. There is still one point of contention as the cabin crew will still be placed on leave without pay if they want a cabin job and if they will be free to apply for ground staff work during the pregnancy.

Singapore Airlines ends controversial rule of firing pregnant flight attendants

Tesla CEO Elon Musk has launched his own line of perfume and it is called ‘Burnt Hair’. The billionaire took to Twitter in order to promote the product and even changed his bio to “Perfume Salesman”.&nbsp;

"With a name like mine, getting into the fragrance business was inevitable - why did I even fight it for so long!?" he wrote along with a picture of the product which was listed on The Boring Company website. &nbsp;

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The finest fragrance on Earth!<a href="https://t.co/ohjWxNX5ZC">https://t.co/ohjWxNX5ZC</a> <a href="https://t.co/0J1lmREOBS">pic.twitter.com/0J1lmREOBS</a>
— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1579971705447256064?ref_src=twsrc%5Etfw">October 11, 2022</a></blockquote>
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The Boring Company is an American infrastructure and tunnel construction services company owned by Musk and on its website, one bottle of the newly launched ‘Burnt Hair’ perfume was listed at $100.&nbsp;

According to the website, the perfume has "The Essence of Repugnant Desire".&nbsp;

"Just like leaning over a candle at the dinner table, but without all the hard work," the description provided on the website read. "Stand out in a crowd! Get noticed as you walk through the airport"&nbsp;

Also read |&nbsp;<a href="https://www.wionews.com/world/ukrainians-among-eight-suspects-detained-by-russia-over-crimea-bridge-blast-524714" hreflang="en">Ukrainians among eight suspects detained by Russia over Crimea bridge blast</a>

Musk also took the opportunity to mention Dogecoin – the cryptocurrency that he promotes on social media from time to time. He said that the token coin can be used to buy the perfume.&nbsp;

"And you can pay with Doge!" Musk wrote on Twitter.&nbsp;

This is not the first product launched by The Boring Company. Musk previously launched a limited-edition flamethrower which was sold to raise $10 million for the company. Later, he also launched Tesla Tequila as an April Fool’s Day joke and a part of shorts as an answer to the “short sellers”.&nbsp;

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>

Tesla CEO Elon Musk has launched his own line of perfume and it is called ‘Burnt Hair’. The billionaire took to Twitter in order to promote the product and even changed his bio to “Perfume Salesman”.

Tesla CEO Elon Musk has launched his own line of perfume and it is called ‘Burnt Hair’. The billionaire took to Twitter in order to promote the product and even changed his bio to “Perfume Salesman”. "With a name like mine, getting into the fragrance business was inevitable - why did I even fight it for so long!?" he wrote along with a picture of the product which was listed on The Boring Company website. The finest fragrance on Earth!https://t.co/ohjWxNX5ZC pic.twitter.com/0J1lmREOBS — Elon Musk (@elonmusk) October 11, 2022 × The Boring Company is an American infrastructure and tunnel construction services company owned by Musk and on its website, one bottle of the newly launched ‘Burnt Hair’ perfume was listed at $100. According to the website, the perfume has "The Essence of Repugnant Desire". "Just like leaning over a candle at the dinner table, but without all the hard work," the description provided on the website read. "Stand out in a crowd! Get noticed as you walk through the airport" Also read | Ukrainians among eight suspects detained by Russia over Crimea bridge blast Musk also took the opportunity to mention Dogecoin – the cryptocurrency that he promotes on social media from time to time. He said that the token coin can be used to buy the perfume. "And you can pay with Doge!" Musk wrote on Twitter. This is not the first product launched by The Boring Company. Musk previously launched a limited-edition flamethrower which was sold to raise $10 million for the company. Later, he also launched Tesla Tequila as an April Fool’s Day joke and a part of shorts as an answer to the “short sellers”.

Elon Musk launches perfume called 'Burnt Hair', calls himself 'Perfume Salesman'

The Iranian government continued to crack down on protestors in Kurdistan as people in Sanandaj took to the roads to protest the death of 22-year-old Mehsa Amini. According to Amnesty International, the security forces used tear gas as well as bullets to stop the protestors from marching on Tuesday.&nbsp;

A woman who was part of the protests told The Guardian that the Iranian military was using excessive force to stop the protests and added that the internet in the province was also disrupted.&nbsp;

Also read |&nbsp;<a href="https://www.wionews.com/world/imf-cuts-2023-global-growth-to-27-india-set-to-be-one-of-fastest-growing-economies-524489">IMF cuts 2023 global growth, India set to be one of fastest-growing economies</a>

“They have shut down the city and are slaughtering people inside with guns and bombs just because they are chanting for freedom,” she said while explaining the latest crackdowns.&nbsp;

Amini, who hailed from Kurdistan, was detained by Iran’s morality police for flouting hijab laws, and later in the day, she was declared dead with the postmortem report showing signs of physical trauma.&nbsp;

Since the news broke, protests have erupted all around the country with several countries and organisations – the United Kingdom being the latest – imposing sanctions on the morality police.&nbsp;

Also read |&nbsp;<a href="https://www.wionews.com/world/dozens-of-kids-hospitalised-after-carbon-monoxide-leak-in-us-daycare-centre-524518" hreflang="en">Dozens of kids hospitalised after carbon monoxide leak in US daycare centre</a>

Iran has summoned the British ambassador - Simon Shercliff – in response to the latest set of sanctions after they completely dismissed the accusations by calling them “baseless”.&nbsp;

Kurdistan has been a major center of protests with people rallying behind the common cause to express their displeasure with the current regime. However, the authorities have blamed traitorous Iranians abroad” and foreign powers for encouraging protests back home in recent times.&nbsp;

However, no official statement has been released regarding any foreign hand in the protests.&nbsp;

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>

The Iranian government continued to crack down on protestors in Kurdistan as people in Sanandaj took to the roads to protest the death of 22-year-old Mehsa Amini.

The Iranian government continued to crack down on protestors in Kurdistan as people in Sanandaj took to the roads to protest the death of 22-year-old Mehsa Amini. According to Amnesty International, the security forces used tear gas as well as bullets to stop the protestors from marching on Tuesday. A woman who was part of the protests told The Guardian that the Iranian military was using excessive force to stop the protests and added that the internet in the province was also disrupted. Also read | IMF cuts 2023 global growth, India set to be one of fastest-growing economies “They have shut down the city and are slaughtering people inside with guns and bombs just because they are chanting for freedom,” she said while explaining the latest crackdowns. Amini, who hailed from Kurdistan, was detained by Iran’s morality police for flouting hijab laws, and later in the day, she was declared dead with the postmortem report showing signs of physical trauma. Since the news broke, protests have erupted all around the country with several countries and organisations – the United Kingdom being the latest – imposing sanctions on the morality police. Also read | Dozens of kids hospitalised after carbon monoxide leak in US daycare centre Iran has summoned the British ambassador - Simon Shercliff – in response to the latest set of sanctions after they completely dismissed the accusations by calling them “baseless”. Kurdistan has been a major center of protests with people rallying behind the common cause to express their displeasure with the current regime. However, the authorities have blamed traitorous Iranians abroad” and foreign powers for encouraging protests back home in recent times. However, no official statement has been released regarding any foreign hand in the protests.

Mahsa Amini death protests: Iranian forces intensify crackdown in Kurdistan

Former Pakistan Prime Minister Imran Khan was among the 11 politicians from the Pakistan Tehreek-e-Insaf (PTI) party who were booked on Tuesday for allegedly receiving prohibiting foreign funds. &nbsp;

According to the Dawn newspaper, the Federal Investigation Agency (FIA) report claimed that the politicians took money from Arif Masood Naqvi, the owner of the Wooton Cricket Limited.&nbsp;

Also read |&nbsp;<a href="https://www.wionews.com/world/imf-cuts-2023-global-growth-to-27-india-set-to-be-one-of-fastest-growing-economies-524489">IMF cuts 2023 global growth, India set to be one of fastest-growing economies</a>

In the case filed through the FIA’s Corporate Banking Circle in Islamabad, the police have also alleged that Naqvi transferred the funds to a bank account that was registered under the name of PTI.&nbsp;

“PTI submitted an affidavit of Arif Masood Naqvi before the Election Commission of Pakistan stating therein that all the amounts collected in the accounts of WCL were submitted into PTI’s account in Pakistan. This affidavit has been proved to be false/forged as two more transactions were also made from WCL to two different accounts in Pakistan in May 2013,” the FIR said according to PTI.&nbsp;

If the accusations are proven to be correct, the politicians and the party can be charged under the Foreign Exchange Act for being the “beneficiaries of suspicious bank accounts”. The case is made worse for Imran and other politicians by the fact that Naqvi is facing criminal charges in the United Kingdom.&nbsp;

Also read |&nbsp;<a href="https://www.wionews.com/world/president-biden-to-consider-us-cooperation-with-saudi-arabia-for-supporting-russia-524517">Pres Biden ‘re-evaluating’ US-Saudi ties for siding with Russia on OPEC cut</a>

“The purpose stated in the swift messages of the transactions is ‘agreed transfer’ to disguise the true nature, origin, location, movement, and ownership of these funds,” the complaint added.&nbsp;

Last month, the Election Commission of Pakistan has already accused PTI of taking foreign funds and said that they “knowingly and willfully” received funding from Wootton Cricket Limited. &nbsp;

Former Pakistan Prime Minister Imran Khan was among the 11 politicians from the Pakistan Tehreek-e-Insaf (PTI) party who were booked on Tuesday for allegedly receiving prohibiting foreign funds.

Former Pakistan Prime Minister Imran Khan was among the 11 politicians from the Pakistan Tehreek-e-Insaf (PTI) party who were booked on Tuesday for allegedly receiving prohibiting foreign funds. According to the Dawn newspaper, the Federal Investigation Agency (FIA) report claimed that the politicians took money from Arif Masood Naqvi, the owner of the Wooton Cricket Limited. Also read | IMF cuts 2023 global growth, India set to be one of fastest-growing economies In the case filed through the FIA’s Corporate Banking Circle in Islamabad, the police have also alleged that Naqvi transferred the funds to a bank account that was registered under the name of PTI. “PTI submitted an affidavit of Arif Masood Naqvi before the Election Commission of Pakistan stating therein that all the amounts collected in the accounts of WCL were submitted into PTI’s account in Pakistan. This affidavit has been proved to be false/forged as two more transactions were also made from WCL to two different accounts in Pakistan in May 2013,” the FIR said according to PTI. If the accusations are proven to be correct, the politicians and the party can be charged under the Foreign Exchange Act for being the “beneficiaries of suspicious bank accounts”. The case is made worse for Imran and other politicians by the fact that Naqvi is facing criminal charges in the United Kingdom. Also read | Pres Biden ‘re-evaluating’ US-Saudi ties for siding with Russia on OPEC cut “The purpose stated in the swift messages of the transactions is ‘agreed transfer’ to disguise the true nature, origin, location, movement, and ownership of these funds,” the complaint added. Last month, the Election Commission of Pakistan has already accused PTI of taking foreign funds and said that they “knowingly and willfully” received funding from Wootton Cricket Limited.

Imran Khan and other PTI politicians booked for receiving foreign funds

A Twitter investor has accused Tesla CEO Elon Musk of market manipulation in order to get a better deal in his proposed $44 billion takeover of the social media platform. The investor - Giuseppe Pampena – said that Musk’s decision to go ahead with the purchase this week after constantly attacking Twitter in public “essentially acknowledged that he had been bluffing all along about backing out of the deal.”&nbsp;

Also read |&nbsp;<a href="https://www.wionews.com/world/imf-cuts-2023-global-growth-to-27-india-set-to-be-one-of-fastest-growing-economies-524489">IMF cuts 2023 global growth, India set to be one of fastest-growing economies</a>

The deal between Musk and Twitter was almost on the verge of completion in April earlier this year but the billionaire decided to back out. Musk blamed the number of fake users on the platform for his decision and said that 20 per cent of the total users on Twitter are actually bots.&nbsp;

The claim was completely dismissed by Twitter officials as they put the actual number somewhere around 5 per cent. In the next few months, Twitter also provided Musk with an insight into their books and even announced that they were open to sharing their company data with Musk’s lawyers.&nbsp;

Also read |&nbsp;<a href="https://www.wionews.com/world/elon-musk-doesnt-know-much-about-taiwan-says-premier-after-unification-comment-524423" hreflang="en">Musk ‘doesn’t know much’ about Taiwan, says premier after unification comment</a>

“Musk proceeded to make statements, send tweets, and engage in conduct designed to create doubt about the deal and drive Twitter’s stock down substantially in order to create leverage that Musk hoped to use to either back out of the purchase or re-negotiate the buyout price by as much as 25 percent which, if accomplished, would result in an $11 billion reduction in the buyout consideration,” Pampena wrote in the lawsuit according to a Bloomberg report. “Musk’s conduct was fraudulent and illegal.”&nbsp;

Last week, Musk made another U-turn ahead of the Twitter trial as he decided to go forward with the takeover deal with the original&nbsp;valuation of&nbsp;$54.20 per share.&nbsp;

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>

A Twitter investor has accused Tesla CEO Elon Musk of market manipulation in order to get a better deal in his proposed $44 billion takeover of the social media platform.

A Twitter investor has accused Tesla CEO Elon Musk of market manipulation in order to get a better deal in his proposed $44 billion takeover of the social media platform. The investor - Giuseppe Pampena – said that Musk’s decision to go ahead with the purchase this week after constantly attacking Twitter in public “essentially acknowledged that he had been bluffing all along about backing out of the deal.” Also read | IMF cuts 2023 global growth, India set to be one of fastest-growing economies The deal between Musk and Twitter was almost on the verge of completion in April earlier this year but the billionaire decided to back out. Musk blamed the number of fake users on the platform for his decision and said that 20 per cent of the total users on Twitter are actually bots. The claim was completely dismissed by Twitter officials as they put the actual number somewhere around 5 per cent. In the next few months, Twitter also provided Musk with an insight into their books and even announced that they were open to sharing their company data with Musk’s lawyers. Also read | Musk ‘doesn’t know much’ about Taiwan, says premier after unification comment “Musk proceeded to make statements, send tweets, and engage in conduct designed to create doubt about the deal and drive Twitter’s stock down substantially in order to create leverage that Musk hoped to use to either back out of the purchase or re-negotiate the buyout price by as much as 25 percent which, if accomplished, would result in an $11 billion reduction in the buyout consideration,” Pampena wrote in the lawsuit according to a Bloomberg report. “Musk’s conduct was fraudulent and illegal.” Last week, Musk made another U-turn ahead of the Twitter trial as he decided to go forward with the takeover deal with the original valuation of $54.20 per share.

Elon Musk sued by Twitter investor, accused of 'bluffing’ to secure better deal

The International Monetary Fund (IMF) said on Tuesday that the global economic growth is expected to slow down by almost 0.2 percentage points in comparison to its July forecast. According to the latest data, the global economy will grow by 2.7 per cent in 2023 resulting in recession in some countries.&nbsp;&nbsp;

“The worst is yet to come, and for many people 2023 will feel like a recession,” the report said.&nbsp;

In the past year, the global economic growth has been severely affected by the COVID-19 pandemic as well as the Russian invasion of Ukraine. With the world facing acute food and fuel shortages, the IMF said that the latest prediction is the “the weakest growth profile since 2001”, according to Reuters.&nbsp;

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IMF Growth Forecast: 2023 
 
USA🇺🇸: 1% 
Germany🇩🇪: -0.3% 
France🇫🇷: 0.7% 
Italy🇮🇹: -0.2% 
Spain🇪🇸: 1.2% 
Japan🇯🇵: 1.6% 
UK🇬🇧: 0.3% 
Canada🇨🇦: 1.5% 
China🇨🇳: 4.4% 
India🇮🇳: 6.1% 
Russia🇷🇺: -2.3% 
Brazil🇧🇷: 1% 
Mexico🇲🇽: 1.2% 
KSA🇸🇦: 3.7% 
Nigeria🇳🇬: 3% 
RSA🇿🇦: 1.1%<a href="https://t.co/VBrRHOfbIE">https://t.co/VBrRHOfbIE</a> <a href="https://twitter.com/hashtag/WEO?src=hash&amp;ref_src=twsrc%5Etfw">#WEO</a> <a href="https://t.co/0TDJbgSuka">pic.twitter.com/0TDJbgSuka</a>
— IMF (@IMFNews) <a href="https://twitter.com/IMFNews/status/1579820463563603974?ref_src=twsrc%5Etfw">October 11, 2022</a></blockquote>
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The report also added the economic slowdown in China as one of the potential reasons behind the current financial crisis. With the Chinese government imposing tough restrictions on the citizens to stop the Covid infection from spreading, the economy has taken a massive hit in the past couple of years.&nbsp;

While major economies like the United States and China are expected to show extremely slow growth in 2023, the Indian economy is expected to grow by 6.1 per cent. If the trend holds true, India is currently enroute to becoming one of the fastest-growing economies in the world by the next year.&nbsp;

Also read |&nbsp;<a href="https://www.wionews.com/world/g7-to-hold-crisis-talks-on-russias-bomb-assault-on-kyiv-524408" hreflang="en">G7 to hold crisis talks on Russia's bomb assault on Kyiv</a>

Back in July, the IMF said that India can grow by 7.4 per cent in the current financial year.&nbsp;

“For emerging markets and developing economies, the shocks of 2022 will re-open economic wounds that were only partially healed following the pandemic,” the report said.&nbsp;

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>

The International Monetary Fund (IMF) said on Tuesday that the global economic growth is expected to slow down by almost 0.2 percentage points in comparison to its July forecast.

The International Monetary Fund (IMF) said on Tuesday that the global economic growth is expected to slow down by almost 0.2 percentage points in comparison to its July forecast. According to the latest data, the global economy will grow by 2.7 per cent in 2023 resulting in recession in some countries. “The worst is yet to come, and for many people 2023 will feel like a recession,” the report said. In the past year, the global economic growth has been severely affected by the COVID-19 pandemic as well as the Russian invasion of Ukraine. With the world facing acute food and fuel shortages, the IMF said that the latest prediction is the “the weakest growth profile since 2001”, according to Reuters. IMF Growth Forecast: 2023 USA🇺🇸: 1% Germany🇩🇪: -0.3% France🇫🇷: 0.7% Italy🇮🇹: -0.2% Spain🇪🇸: 1.2% Japan🇯🇵: 1.6% UK🇬🇧: 0.3% Canada🇨🇦: 1.5% China🇨🇳: 4.4% India🇮🇳: 6.1% Russia🇷🇺: -2.3% Brazil🇧🇷: 1% Mexico🇲🇽: 1.2% KSA🇸🇦: 3.7% Nigeria🇳🇬: 3% RSA🇿🇦: 1.1%https://t.co/VBrRHOfbIE #WEO pic.twitter.com/0TDJbgSuka — IMF (@IMFNews) October 11, 2022 × The report also added the economic slowdown in China as one of the potential reasons behind the current financial crisis. With the Chinese government imposing tough restrictions on the citizens to stop the Covid infection from spreading, the economy has taken a massive hit in the past couple of years. While major economies like the United States and China are expected to show extremely slow growth in 2023, the Indian economy is expected to grow by 6.1 per cent. If the trend holds true, India is currently enroute to becoming one of the fastest-growing economies in the world by the next year. Also read | G7 to hold crisis talks on Russia's bomb assault on Kyiv Back in July, the IMF said that India can grow by 7.4 per cent in the current financial year. “For emerging markets and developing economies, the shocks of 2022 will re-open economic wounds that were only partially healed following the pandemic,” the report said.

IMF cuts 2023 global growth to 2.7%, India set to be one of fastest-growing economies

The tax cuts announced in the mini-budget by British finance minister Kwasi Kwarteng created a huge uproar among the public with the economy also taking a massive nosedive. Following the announcement, the pound fell to its lowest against the United States dollar and the move also earned a lot of criticism from financial institutions around the world including the International Monetary Fund.&nbsp;

While the steps were withdrawn, the&nbsp;Institute for Fiscal Studies believes that the tax cuts and&nbsp;borrowing triggered by the announcement can end up costing the UK government more than $66 billion.&nbsp;

Also read |&nbsp;<a href="https://www.wionews.com/world/israel-and-lebanon-reach-historic-agreement-on-maritime-border-dispute-524371">Israel and Lebanon reach 'historic agreement' on maritime border</a>

According to the report published by the IFS, the United Kingdom may not match the predicted growth rate of 2.5 per cent and the deficit will cost around $66 billion by the year 2026. However, they included Brexit and the global financial crisis as other reasons behind the impending danger to the economy.&nbsp;

The announcement added to the concerns regarding the British economy as a deficit of $66 billion can virtually wipe out any progress made in the next few years. In that case, it will directly increase the national debt and if the trend continues, inflation can get out of control in that period.&nbsp;

Also read |&nbsp;<a href="https://www.wionews.com/photos/japan-reopens-for-tourists-after-two-and-a-half-years-of-covid-19-restrictions-524437" hreflang="en">Japan reopens for tourists after two-and-a-half years of Covid restrictions</a>

Although things seem quite grim in the report, IFS director Paul Johnson said that the situation can be controlled by introducing spending cuts and creating a capital vacuum temporarily in the public sector.&nbsp;

Both Kwarteng and newly elected Prime Minister Liz Truss have said that the tax cuts are a non-negotiable policy decision for them, and they intend to implement them in the future.&nbsp;

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>

The tax cuts announced in the mini-budget by British finance minister Kwasi Kwarteng created a huge uproar among the public with the economy also taking a massive nosedive.

The tax cuts announced in the mini-budget by British finance minister Kwasi Kwarteng created a huge uproar among the public with the economy also taking a massive nosedive. Following the announcement, the pound fell to its lowest against the United States dollar and the move also earned a lot of criticism from financial institutions around the world including the International Monetary Fund. While the steps were withdrawn, the Institute for Fiscal Studies believes that the tax cuts and borrowing triggered by the announcement can end up costing the UK government more than $66 billion. Also read | Israel and Lebanon reach 'historic agreement' on maritime border According to the report published by the IFS, the United Kingdom may not match the predicted growth rate of 2.5 per cent and the deficit will cost around $66 billion by the year 2026. However, they included Brexit and the global financial crisis as other reasons behind the impending danger to the economy. The announcement added to the concerns regarding the British economy as a deficit of $66 billion can virtually wipe out any progress made in the next few years. In that case, it will directly increase the national debt and if the trend continues, inflation can get out of control in that period. Also read | Japan reopens for tourists after two-and-a-half years of Covid restrictions Although things seem quite grim in the report, IFS director Paul Johnson said that the situation can be controlled by introducing spending cuts and creating a capital vacuum temporarily in the public sector. Both Kwarteng and newly elected Prime Minister Liz Truss have said that the tax cuts are a non-negotiable policy decision for them, and they intend to implement them in the future.

UK ‘will need $66bn spending cuts’ to bounce back from unfunded tax cuts

Taiwan’s premier Su Tseng-chang dismissed Tesla CEO Elon Musk’s recent comments about the island by saying that he "doesn't know much" about the region or its politics. Musk courted controversy once again this week when he suggested that Taiwan should become a part of China. &nbsp;

In an interview with the Financial Times, Musk pointed towards the governing system used by China when it comes to Macau and Hong Kong as the "reasonably palatable" agreement with Taiwan. He insisted that it is better for both countries&nbsp;for Taiwan to become&nbsp;a "special administrative zone".&nbsp;

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The situation between China and Taiwan has worsened over time and after the visit of United States House Speaker Nancy Pelosi to Taiwan, the “proxy wars” have begun as well. In the past few months, China has held several military drills across the Taiwan Strait as a “show of power”.&nbsp;

Amidst the tension, the comments made by Musk have not been taken kindly by Taiwan.&nbsp;

"Musk is a businessman," Su said in the parliament. "He has a big car factory in Shanghai, and he wants to promote his electric vehicles... a businessman may say this today and say that tomorrow".&nbsp;

Also read |&nbsp;<a href="https://www.wionews.com/world/israel-and-lebanon-reach-historic-agreement-on-maritime-border-dispute-524371">Israel and Lebanon reach 'historic agreement' on maritime border: Reports</a>

"Musk only speaks for himself but he really doesn't know much about Taiwan, and he also doesn't understand cross-strait relations," Su added according to Reuters.&nbsp;

Earlier, the same comments were praised highly by Beijing's ambassador to Washington Qin Gang. The billionaire also found support from other Chinese officials who used the comments to once again emphasise the legitimacy of China’s claim in Taiwan.&nbsp;

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>

Taiwan’s premier Su Tseng-chang dismissed Tesla CEO Elon Musk’s recent comments about the island by saying that he "doesn't know much" about the region or its politics.

Taiwan’s premier Su Tseng-chang dismissed Tesla CEO Elon Musk’s recent comments about the island by saying that he "doesn't know much" about the region or its politics. Musk courted controversy once again this week when he suggested that Taiwan should become a part of China. In an interview with the Financial Times, Musk pointed towards the governing system used by China when it comes to Macau and Hong Kong as the "reasonably palatable" agreement with Taiwan. He insisted that it is better for both countries for Taiwan to become a "special administrative zone". Also read | G7 to hold crisis talks on Russia's bomb assault on Kyiv The situation between China and Taiwan has worsened over time and after the visit of United States House Speaker Nancy Pelosi to Taiwan, the “proxy wars” have begun as well. In the past few months, China has held several military drills across the Taiwan Strait as a “show of power”. Amidst the tension, the comments made by Musk have not been taken kindly by Taiwan. "Musk is a businessman," Su said in the parliament. "He has a big car factory in Shanghai, and he wants to promote his electric vehicles... a businessman may say this today and say that tomorrow". Also read | Israel and Lebanon reach 'historic agreement' on maritime border: Reports "Musk only speaks for himself but he really doesn't know much about Taiwan, and he also doesn't understand cross-strait relations," Su added according to Reuters. Earlier, the same comments were praised highly by Beijing's ambassador to Washington Qin Gang. The billionaire also found support from other Chinese officials who used the comments to once again emphasise the legitimacy of China’s claim in Taiwan.

Elon Musk ‘doesn’t know much’ about Taiwan, says premier after unification comment

Oil slid more than 2% on Tuesday, extending losses of nearly 2% in the previous session, as recession fears and a flare-up in COVID-19 cases in China raised concern over global demand.&nbsp;

World Bank President David Malpass and International Monetary Fund Managing Director Kristalina Georgieva warned on Monday of a growing risk of global recession and said that inflation remains a continuing problem.

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Brent crude fell $2.30, or 2.4%, to $93.89 a barrel by 1006 GMT. U.S. West Texas Intermediate crude dropped $2.12, or 2.3%, to $89.01.&nbsp;

"There is growing pessimism in the markets now," said Craig Erlam of brokerage OANDA.&nbsp;

Oil has dropped sharply on economic fears after surging earlier in 2022, when Brent came close to its record high of $147 as Russia's invasion of Ukraine added to supply concerns.&nbsp;

"Warnings after warnings are being issued when it comes to global economic growth," said Avatrade analyst Naeem Aslam.&nbsp;

Also read |&nbsp;<a href="https://www.wionews.com/world/israel-and-lebanon-reach-historic-agreement-on-maritime-border-dispute-524371">Israel and Lebanon reach 'historic agreement' on maritime border: Reports</a>

Those worries aside, fears of a further hit to demand in China also weighed. Authorities have stepped up coronavirus testing in Shanghai and other large cities as COVID-19 infections rise again.&nbsp;read more&nbsp;

Oil also came under pressure from a strong dollar, which hit multi-year highs on worries about increases to interest rates and escalation of the Ukraine war.&nbsp;

A strong dollar makes oil more expensive for buyers with other currencies and tends to weigh on risk appetite.&nbsp;

Losses were limited, however, by a tight market and last week's decision by the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, together known as OPEC+, to lower their output target by 2 million barrels per day.&nbsp;

"An undersupply is even looming next year because the production cut is supposed to apply until the end of 2023, according to the OPEC+ decision," a Commerzbank report said.&nbsp;

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>

Oil slid more than 2% on Tuesday, extending losses of nearly 2% in the previous session, as recession fears and a flare-up in COVID-19 cases in China raised concern over global demand.

Oil slid more than 2% on Tuesday, extending losses of nearly 2% in the previous session, as recession fears and a flare-up in COVID-19 cases in China raised concern over global demand. World Bank President David Malpass and International Monetary Fund Managing Director Kristalina Georgieva warned on Monday of a growing risk of global recession and said that inflation remains a continuing problem. Also read | Ukraine war LIVE | Russian strikes on Ukraine could amount to war crimes: UN Brent crude fell $2.30, or 2.4%, to $93.89 a barrel by 1006 GMT. U.S. West Texas Intermediate crude dropped $2.12, or 2.3%, to $89.01. "There is growing pessimism in the markets now," said Craig Erlam of brokerage OANDA. Oil has dropped sharply on economic fears after surging earlier in 2022, when Brent came close to its record high of $147 as Russia's invasion of Ukraine added to supply concerns. "Warnings after warnings are being issued when it comes to global economic growth," said Avatrade analyst Naeem Aslam. Also read | Israel and Lebanon reach 'historic agreement' on maritime border: Reports Those worries aside, fears of a further hit to demand in China also weighed. Authorities have stepped up coronavirus testing in Shanghai and other large cities as COVID-19 infections rise again. read more Oil also came under pressure from a strong dollar, which hit multi-year highs on worries about increases to interest rates and escalation of the Ukraine war. A strong dollar makes oil more expensive for buyers with other currencies and tends to weigh on risk appetite. Losses were limited, however, by a tight market and last week's decision by the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, together known as OPEC+, to lower their output target by 2 million barrels per day. "An undersupply is even looming next year because the production cut is supposed to apply until the end of 2023, according to the OPEC+ decision," a Commerzbank report said.

Oil prices fall more than two per cent on recession and China COVID-19 fears

IN PICS | One of world's most active volcanoes in Italy erupts again

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