Qatari emir and Elon Musk speak on day 2 of Qatar Economic Forum

The Qatari Emir Sheikh Tamim bin Hamad Al Thani and businessman Elon Musk were among the speakers on the second day of the Qatar Economic Forum, as a global economic recovery after the COVID-19 pandemic and rising challenges such as food insecurity and the need for energy diversification were high on the agenda.

“Supporting the economy and investments and innovation while keeping shared values and maintaining peace is the way to build capabilities to overcome the challenges that the whole of humanity faces,” Qatar’s Emir Sheikh Tamim bin Hamad Al Thani said in his opening remarks on Tuesday.

“Qatar is responsible as a partner in the global community to face the global change and its effect on humans,” he added.

The forum, which is hosted by Bloomberg, will focus on the need to diversify the world’s economy and develop the renewable energy sector.

Appearing virtually at the event, Musk, the world’s richest person according to Forbes magazine, spoke about his recent offer to acquire Twitter and the issues surrounding the social media platform, including the number of spam users on the system and the coming together of the debt portion of the deal.

“We’re still awaiting resolution on that matter, and that is a very significant matter,” he said, reiterating doubts over Twitter’s claims that false or spam accounts represented fewer than five percent of its monetisable daily active users. “And then of course, there’s the question of, will the debt portion of the round come together? And then will the shareholders vote in favour?”

Talking about Tesla, the electric carmaker company he is chief executive of, Musk said that there will be a reduction of its salaried workforce by roughly 10 percent over the next three months. The cuts would amount to about a 3.5 percent reduction in total headcount at the company, Musk said.

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