Business
Musk spars with major Saudi investor over Twitter takeover offer

Tesla and SpaceX CEO Elon Musk on Friday took a jab at Saudi Prince Alwaleed bin Talal, a major Twitter investor who rejected Musk’s hostile offer to acquire 100 per cent of the micro-blogging platform for $43 billion.
Questioning Saudi Arabia’s own media laws, Musk tweeted: “Just two questions, if I may. How much of Twitter does the Kingdom own, directly & indirectly? What are the Kingdom’s views on journalistic freedom of speech?”
Musk reacted after the Saudi Prince rejected the Tesla CEO’s cash offer of $54.20 per Twitter share.
“I don’t believe that the proposed offer by @elonmusk ($54.20) comes close to the intrinsic value of (Twitter) given its growth prospects. Being one of the largest & long-term shareholders of Twitter, @Kingdom_KHC & I reject this offer,” the prince tweeted.
Alwaleed, who runs the Kingdom Holding Company and is a nephew of Saudi Arabia’s King Salman, said he was one of the oldest and largest shareholders in Twitter, reports Middle East Eye.
In 2015, he and his company owned a 5.2 per cent stake in the social media platform.
Musk on Friday started a new poll, with a tagline that “taking Twitter private at $54.20 should be up to shareholders, not the boarda.
“Will endeavour to keep as many shareholders in privatised Twitter as allowed by law,” he tweeted.
International
UN Security Council renews sanctions against South Sudan

United Nations, May 31: The Security Council adopted a resolution to renew for a year, until May 31, 2026, an arms embargo against South Sudan as well as targeted sanctions of travel ban and asset freeze against individuals and entities.
According to media reports, Resolution 2781, which was adopted with nine votes in favour and six abstentions, also extends until July 1, 2026, the term of the panel of experts, which assists the work of the South Sudan sanctions committee.
The African members of the Security Council — Algeria, Sierra Leone, Somalia — abstained, along with China, Pakistan and Russia.
The resolution reiterates the Security Council’s readiness to review arms embargo measures, through modification, suspension, or progressive lifting of these measures, in light of progress achieved on the key benchmarks as set out in Resolution 2577 of 2021, and encourages the South Sudan authorities to achieve further progress in this regard.
It also decides to keep the targeted measures under continuous review and expresses the Security Council’s readiness to consider adjusting the measures, through modifying, suspending, lifting or strengthening measures to respond to the situation.
The resolution requests the UN secretary-general, in close consultation with the UN Mission in South Sudan and the Panel of Experts, to conduct, no later than April 15, 2026, an assessment of progress achieved on the key benchmarks.
It also requests the South Sudanese authorities to report, by the same date, to the Sanctions Committee on the progress achieved in this regard.
Business
Trump to double steel tariffs to 50 pc from next week

Washington, May 31: US President Donald Trump has said that he planned to double tariffs on foreign imports of steel to 50 percent starting next week, further casting a cloud on steelmakers around the globe.
“We are going to be imposing a 25 per cent increase. We’re going to bring it from 25 per cent to 50 per cent — the tariffs on steel into the United States of America — which will even further secure the steel industry in the United States,” Trump said on X social media platform.
He later posted on social media that the higher tariff rate would take effect from June 4, Yonhap media reported.
“It is my great honour to raise the Tariffs on steel and aluminum from 25% to 50%, effective Wednesday, June 4th. Our steel and aluminum industries are coming back like never before. This will be yet another BIG jolt of great news for our wonderful steel and aluminum workers. MAKE AMERICA GREAT AGAIN!” Trump wrote on his Truth Social platform.
The planned rate hike is the latest in his trade policies that focus on tariff hikes, and came days after a trade court ruled his sweeping reciprocal tariffs illegal, which was later blocked by an appeals court to leave the tariffs temporarily alive.
The 25-percent tariffs on most steel imported to the U.S. went into effect in March as part of the Trump administration’s broader tariff scheme aimed at reducing America’s trade deficits and bolstering local manufacturing.
Data showed earlier Seoul’s U.S.-bound exports of steel products declined nearly 19 percent from a year earlier in March.
Outbound shipments of steel products to the U.S. came to US$340 million in March, down 18.9 percent from the same month last year.
It is difficult to assess the impact of U.S. tariffs on Seoul’s steel exports as transactions are usually made months ahead, but there may still have been some influence.
Korean steelmakers have been devising response measures to the U.S. tariffs, with some companies planning to increase their production in the U.S.
Hyundai Steel Co. plans to invest $5.8 billion to construct an electric arc furnace-based steel mill in Louisiana by 2029, its first overseas production facility.
National
CJI Gavai administers oath of office to three SC judges

suprim court
New Delhi, May 30: Chief Justice of India (CJI) B.R. Gavai on Friday administered the oath of office to three new judges of the Supreme Court.
Justices N.V. Anjaria, Vijay Bishnoi and Atul S. Chandurkar took oath as apex court judges after the Centre on Thursday cleared their appointment to the Supreme Court.
The top court Collegium, headed by CJI Gavai, on Monday forwarded its recommendations to the Centre. “The Supreme Court Collegium in its meeting held on 26th May, 2025 has recommended elevation of the following Chief Justices / Judge of the High Courts, as Judges in the Supreme Court: (i) Mr. Justice N.V. Anjaria, Chief Justice, High Court of Karnataka, (PHC: High Court of Gujarat) (ii) Mr. Justice Vijay Bishnoi, Chief Justice, Gauhati High Court, (PHC: Rajasthan High Court) (iii) Mr. Justice A.S. Chandurkar Judge, High Court of Bombay,” said a statement uploaded on the website of the apex court.
Acting swiftly on the SC Collegium’s recommendations, Union Minister of State (I/C) for Law & Justice Arjun Ram Meghwal, in a post on social media platform X on Thursday said the President, after consultation with the CJI, was pleased to appoint Justices N.V. Anjaria, Vijay Bishnoi and Atul S. Chandurkar as apex court judges.
Justice Anjaria was elevated as Additional Judge of the Gujarat High Court in November 2011, and in September 2023, he was confirmed as a permanent Judge. He took oath as the Chief Justice of the Karnataka High Court on February 25 last year.
Justice Bishnoi, now former Chief Justice of the Gauhati High Court, was appointed as Additional Judge of the Rajasthan High Court in January 2013 and took oath as a permanent Judge of the Rajasthan High Court in January 2015.
Justice Atul S. Chandurkar was elevated as an Additional Judge of the Bombay High Court in June 2013.
As per the existing Memorandum of Procedure (MoP), the CJI, along with the four senior-most SC judges, commonly known as the Collegium, forwards its recommendation to the Centre to fill up the vacancies in the top court.
The Supreme Court has a sanctioned strength of 34 judges, including the CJI.
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