UN responds to Musk on how his wealth could address world hunger

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San Francisco, Nov 16 | Elon Musk recently challenged the World Food Programme to explain how $6 billion could solve world hunger and now the head of UN’s food-assistance branch WFP David Beasley has laid out the plan as to how this amount could prevent 42 million people across 43 countries from starving.

“This hunger crisis is urgent, unprecedented, AND avoidable. Elon Musk, you asked for a clear plan and open books. Here it is!,” Beasley said.

“We are ready to talk with you – and anyone else – who is serious about saving lives.”

The WFP’s proposal, titled “A one-time appeal to billionaires”, describes how billions donated by the world’s richest people could be used to eradicate hunger.

Last month, Speaking to CNN, David Beasley, the director of the UN’s World Food Programme (WFP), called on Musk and Jeff Bezos (the second richest person on the planet) to reconsider where they are putting their money.

“$6 billion to help 42 million people that are literally going to die if we don’t reach them. It’s not complicated,” he had said.

Replying to Beasley, Musk posted that he is ready to help if the WFP can describe on the same Twitter thread how $6 billion will help solve world hunger.

“If WFP can describe on this Twitter thread exactly how $6B will solve world hunger, I will sell Tesla stock right now and do it”, Musk posted.

“But it must be open source accounting, so the public sees precisely how the money is spent,” he added.

The WFP provides assistance to over 115 million people in 84 countries through food or cash distributions in emergencies, nutrition support programmes and other activities.

Source: IANS

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Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

The benchmark Indices Nifty started on the positive side after continuous sell off in last week and has managed to settle at 15842.30 with 60 point gain or 0.38 percent. However Nifty has failed to regain 16000 levels prior to LIC listing.

While Bank nifty has managed to settle at 33597.60 levels after gaining 1.44 percent. On the sectoral front, Nifty PSU Bank, Nifty Realty and Auto have contributed 2-3 percent gain on closing basis. On the flip side Nifty IT and FMCG ended with losses of 0.75 percent and 0.35 respectively. In Nifty, EICHERMOT, APOLLOHOSP and UPL were the top gainers while ULTRACEMCO, SHREECEM and ASIANPAINT were the prime laggards.

Technically, after forming the bearish candle on the weekly chart, the index has formed a Doji candlestick on the daily chart which shows indecisiveness among the trades. Moreover, the index has also faced a resistance from falling trend lines and showed profit booking from higher levels. However, Fibonacci retrenchment also has support around 15650 levels.

Traders may find buying opportunities for short term as if 15650 levels is protected. In the hourly chart, with support of the middle Bollinger band short term upside movement is expected. Stock specific action would drive the market in coming days too.

On the derivatives front, the highest call OI is at 16000 strike price followed by 16200 strike prices while on the put side, highest OI is at 15500 strike price. INDIA VIX closed at 24.53 with gain of 4.43 percent intraday indicating volatility is going to remain till weekly expiry . On the other hand, Bank nifty has support at 32600 levels while resistance is placed at 34500 levels.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

 

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