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Meta's quarterly profit more than halved to $4.4 bn
Meta's quarterly profit more than halved to $4.4 bn
by  AFP

Facebook-parent Meta reported Wednesday that its profit more than halved to $4.4 billion in the third quarter from $9.2 billion a year earlier, and said it plans "significant changes" to bolster efficiency in a tough economic environment. "We are making significant changes across the board to operate more efficiently," Meta said in the release.

'Chief Twit' Elon Musk visits Twitter HQ as takeover deadline looms
'Chief Twit' Elon Musk visits Twitter HQ as takeover deadline looms
by  AFP

Elon Musk changed his Twitter profile to "Chief Twit" and posted video of himself walking into the social network's California headquarters carrying a sink Wednesday, days before his contentious takeover of the company must be finalized. The billionaire Tesla chief captioned the video "Entering Twitter HQ - let that sink in!"

S.Africa to swallow part of Eskom's debt to keep it afloat
S.Africa to swallow part of Eskom's debt to keep it afloat
by  AFP

South Africa's treasury vowed Wednesday to take over more than half of Eskom's multi-billion-dollar debt to ensure the embattled energy utility's viability and curb the energy crisis that has put a break on growth. Unprecedented floods that swept through the third largest city of Durban, killing hundreds, also put a damper on growth.

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