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2025-01-24fortune gems app legit or not
The partnership between President-elect Donald Trump and billionaire Elon Musk proved crucial in swinging the US election in favour of the 78-year-old. However, it seems that Trump is not the only one reaping benefits from this partnership. After becoming the 'first buddy' to arguably the most powerful political leader in the world, Elon Musk's net worth has soared. On Wednesday, the 53-year-old became the first person to have an estimated net worth of $400 billion - further cementing his place as the richest man on earth. Bloomberg reported on Wednesday that Musk has become the first person to have an estimated net worth of $400 billion. This boost in wealth has come amidst a new deal that SpaceX - Musk's space technology company, signed. The deal has taken SpaceX's valuation to a whopping $350 billion. Bloomberg reported Tuesday that the company and its investors have agreed to purchase $1.25 billion of insider shares. As a result of this deal, Elon Musk's net worth has shot up by $20 billion. In the wake of the news, shares of Tesla in the New York Stock Exchange made record highs, trading at $415 as the market closed on Wednesday. It is a continuation of the rally Tesla shares have since November 5 - the day of the election. Tesla shares have surged as much as 65% since Trump won the election on the back of a massive support by Musk. Notably, Musk is the largest shareholder in Tesla. Also read: 'World's Most Valuable': Elon Musk Hints Tesla Could Sink Bill Gates' Fortune Bloomerg's Billionaires Index, which tracks the growth in wealth of the major global billionaires, shows that Elon Musk's wealth has grown by approximately $136 billion since Election Day. Notably, Musk is now $140 billion richer than the second richest man, Jeff Bezos, the founder of Amazon. While SpaceX is valued at approximately $350 billion, Musk's AI venture, xAI, doubled in value to $50 billion, while The Boring Company continues to attract investment interest, despite its valuation not being public. Get Latest News Live on Times Now along with Breaking News and Top Headlines from Business Economy and around the world.fortune gems app legit or not

Trump says US shouldn't intervene in Syria as opposition forces gain groundRomania pro-EU parties strike coalition govt pactFrom Idu Jude, Abuja The National Leader of the All Progressives Grand Alliance (APGA) and Governor of Anambra State, Professor Charles Soludo, has urged members of the National Executive Council (NEC) of the party to end the Supreme Court victory celebrations and focus on work in their respective states and localities. The National Leader made this statement over the weekend in Abuja during the National Executive Council Meeting (NEC) to mark the end of the fiscal year 2024. Soludo also extended a hand of fellowship to Nigerians, inviting them to join APGA, which he described as “the most progressive party in Nigeria at the moment.” Professor Soludo said, “We want to unite all aggrieved members of the party for progress and the new Nigeria we all desire. I want to tell you that the Supreme Court victory is over and remains a call for unity.” He expressed joy over the appointment of Ambassador Mrs Bianca Ojukwu as a cabinet member in President Bola Ahmed Tinubu’s administration. “Under this administration, a member of our party is appointed a minister, and the President moves outside APC. We shall grow from strength to strength because APGA is built to last,” he stated. Reflecting on his administration in Anambra State, Soludo highlighted efforts to leave behind a lasting legacy, including a free education policy and significant infrastructural development, which he described as “promises kept to walk the talk.” The National Chairman of the party, Barrister Sly Ezeokenwa, while welcoming delegates from across the country, expressed optimism about the party’s future following years of struggle for survival and a protracted court case that recently ended at the Supreme Court. While chronicling APGA’s journey, its founding dreams, and its role as a political voice for the South-East, Ezeokenwa noted that despite recent internal challenges orchestrated by “political merchants,” the party had grown from a regional movement to a national entity. He acknowledged Professor Soludo’s pivotal role during the party’s legal battles, describing the governor as an invaluable asset throughout APGA’s struggles.

KARACHI: Sindh Chief Minister Syed Murad Ali Shah, Patron of IBA Karachi, one of Pakistan’s premier institutions of higher education, presided over its convocation ceremony, celebrating the achievements of the Class of 2024. Shah congratulated the graduating class in his address and commended their hard work, resilience, and dedication. “Today, we celebrate your academic accomplishments and the perseverance that brought you here and this moment is a testament to your talent and the support of your families,” he stated. Murad also highlighted a historic milestone that IBA Karachi will achieve next year, marking 70 years of excellence in education, leadership, and innovation. “70 years of nurturing talent and shaping leaders is a legacy few institutions can claim,” he said and added that this milestone reflected the dedication and vision of IBA’s faculty, administration, and students. The commitment of IBA Karachi to academic excellence was a focal point of the event. With 67 per cent of its faculty holding PhD degrees, the institute continues to foster a rigorous academic environment and produce graduates prepared to navigate the challenges of an evolving global landscape. Murad emphasised the critical role of institutions like IBA Karachi in shaping the nation’s future. “As graduates, you must embrace advancements in artificial intelligence, data science, and digital transformation,” he said and added that Pakistan’s vibrant youth and its growing technological ecosystem hold immense potential to contribute meaningfully on the global stage. The influential alumni network of IBA Karachi, consisting of over 18,000 individuals, was also recognised as a significant asset. Alumni have made notable contributions across various sectors and serve as role models for the graduating class. In his closing remarks, Mr Shah encouraged graduates to lead with empathy, integrity, and social responsibility. “True leadership extends beyond personal success. The knowledge and skills you have gained here should be used to create positive change and uphold the highest standards of integrity,” he said. The convocation marked a proud moment for graduates and their families as they prepared to embark on new journeys. The event also set the stage for IBA Karachi’s upcoming 70th-anniversary celebrations, reflecting on its rich legacy and continued impact on education and leadership in Pakistan. Executive Director IBA, Dr Akbar Zaidi, thanked the Chief Minister for his valuable time in attending the event. Clad in a convocation robe, the Chief Minister presented medals and degrees to the position holders. Copyright Business Recorder, 2024US President-elect Donald Trump warned the so-called BRICS nations that he would require commitments that they would not move to create a new currency as an alternative to using the US dollar and repeated threats to levy a 100% tariff. “The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER,” Trump said in a post to his Truth Social network on Saturday. “We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs, and should expect to say goodbye to selling into the wonderful U.S. Economy,” he added. Also read: Canada’s Trudeau arrives in Florida for meeting with Trump after tariff threat Trump on his campaign trail pledged that he would make it costly for countries to move away from the US dollar. And he’s threatened to use tariffs to ensure they complied. Saturday’s threat took on new relevance as the president-elect prepares to retake power in January. Trump and his economic advisers have been discussing ways to punish allies and adversaries alike who seek to engage in bilateral trade in currencies other than the dollar. Those measures include considering options such as export controls, currency manipulation charges and levies on trade, according to people familiar with the matter. Trump has long stressed that he wants the US dollar to remain the world’s reserve currency, saying in a March interview with CNBC that he “would not allow countries to go off the dollar” because it would be “a hit to our country.” Also read: Trump threatens to impose sweeping new tariffs on Mexico, Canada and China on first day in office The BRICS nations — as Brazil, Russia, India, China and South Africa are collectively known — discussed the issue of de-dollarization at a summit in 2023. Backlash against the dollar’s dominance gained traction in 2022 when the US led efforts to impose economic sanctions on Russia. Economic advisers to Trump and his campaign have spoken in particular about targeting the BRICS effort. Earlier: Trump Aides Discuss Penalties for Nations That De-Dollarize “There is no chance that the BRICS will replace the U.S. Dollar in International Trade, and any Country that tries should wave goodbye to America,” Trump said Saturday. The president-elect has already rattled world markets ahead of his second term with threats to levy an additional 10% tariffs on goods from China and 25% tariffs on all products from Mexico and Canada if those countries do not do more to stem the flow of illegal drugs and undocumented migrants across US borders. Canadian Prime Minister Justin Trudeau met with Trump on Friday to discuss trade and border issues in a bid to tamp down tensions between the two allied nations after the tariff threat.

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Source: Comprehensive News

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