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Monday, 1 November 2021

Elon doesn’t think his donations can end world hunger

Is it reasonable for bn’aires to actually end world hunger? As a bn’aire of course Elon Musk would say no. However, he did say on Twitter he is willing to sell Tesla stock worth as much as USD 6 bn “right now” if the World Food Program (WFP) can prove how this sum would resolve the issue using “open source accounting.” Musk’s tweets come in response to WFP Director David Beasley singling out Musk and Amazon’s Jeff Bezos — the world’s richest people — and pushing them to donate a fraction of their wealth. After Tesla’s valuation surpassed USD 1 tn last week, Beasley suggested that a USD 6 bn donation from Musk (i.e. 1.9% of his overall wealth of USD 311 bn) could save 42 mn people from starvation.

Barclays chief executive Jes Staley is stepping down, after the bank received preliminary conclusions from a probe by the UK’s Financial Conduct Authority and Prudential Regulation Authority into Staley’s relationship with disgraced [redacted] offender Jeffrey Epstein, the bank said in a statement. Staley, who will be replaced by his right-hand man, CS Venkatakrishnan, is the latest in a string of high-profile figures to get the fall for ties to the late Epstein, who took his own life in 2019 while awaiting trial charges of trafficking minors.

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