Global Markets: Musk buys large stake in Twitter

By MarketsFarm

WINNIPEG, April 4 – The following is a glance at the news moving markets in Canada and globally.

– Elon Musk, the billionaire head of Tesla, announced Monday that he had purchased a 9.2 per cent stake in Twitter, making him the largest shareholder in the social media site. Musk is very active on the site with over 80 million followers. His move comes closely after he tweeted that he was giving ‘serious thought’ to building a new platform. Musk has also been critical of Twitter’s commitment to free-speech.

– Emerging evidence of what appears to be deliberate killings of Ukrainian civilians by Russian soldiers has sparked fresh outrage amid the ongoing conflict. The bodies of 410 civilians were found in towns around Kyiv, according to Ukrainian officials. Some appeared to have had their hands tied while others were blindfolded. Russia claims photos of dead bodies were ‘stage managed.’

– The provincial Ontario government is set to introduce legislation that will temporarily reduce gasoline and fuel taxes for a period of six months beginning July 1. The move from 5.7 cents per litre to 5.3 cents per litre would mark the first cut in the province in 30 years.

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