The Chief of Army Staff, General Qamar Javed Bajwa, has requested assistance from Washington in achieving an early transfer of funds from the International Monetary Fund in order to help stabilize Pakistan's shrinking economy. Deputy Secretary of State Wendy Sherman, according to security sources, spoke with the army chief earlier this week. It is stated that the army chief made a plea to the White House and Treasury Department to get the IMF to immediately supply the almost $1.2 billion that the country is slated to receive under a reopened loan program. "Staff-level approval" for the loan was granted by the International Monetary Fund (IMF) on July 13. IMF Executive Board clearance is required before the transaction can be completed as part of Pakistan's $6 billion Extended Fund Facility. The International Monetary Fund (IMF) will be on vacation for the next three weeks, and its board will not meet until late August at the earliest. According to an IMF official wh...
After Musk cancels the $44 billion contract, Twitter promises to sue.
Elon Musk announced that he is cancelling his $44 billion deal to buy Twitter Inc. and take it private, starting a court battle with the firm.
Musk's representatives claimed Friday in a letter to Twitter included in a regulatory filing that Twitter had made "misleading representations" about the quantity of spam bots on the social network and hadn't "complied with its contractual obligations" to provide information about how to gauge the prevalence of the bots.
Bret Taylor, the chairman of Twitter, said on the microblogging site that the board intended to file a lawsuit to enforce the merger deal.
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The Twitter Board is dedicated to completing the transaction under the terms and conditions set forth in the agreement with Mr. Musk, he wrote.
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