Pakistan’s Imran Khan shot in “assassination attempt.” Apple freezes hiring. Half of Twitter staff face the sack. Here’s what you need to know today.
Former Pakistan premier Imran Khan underwent surgery to remove bullet fragments after he was shot in the leg during a rally to demand early elections. At least one bystander was killed in what Khan’s party described as an “assassination attempt.” Khan blamed Prime Minister Shehbaz Sharif for the attack and asked him to resign or face nationwide protests. Here’s how last night’s events unfolded, and this is how the former cricket star, who was ousted by a no-confidence vote in April, is planning to win back power.
Apple has frozen hiring for many jobs outside of research and development, in an escalation of an existing plan to reduce budgets. The phonemaker joins other tech giants tapping the brakes on hiring and laying off staff in response to sluggish consumer spending and higher interest rates. Meanwhile, Elon Musk is about to wield the ax at Twitter in a big way. The platform’s new owner plans to eliminate about 3,700 jobs — or half the company’s workforce — in a bid to drive down costs. Staff should find out their fate on Friday.
Investors disappointed by the Communist Party’s lack of policy guidance at its recent congress can brace for a string of meetings that could shed light on how officials plan to manage the risks to China’s economy. Top of mind is whether Beijing will begin easing up on its zero-tolerance approach...
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