The World Bank has slashed its global growth outlook for the year as price pressures, the conflict in Ukraine and ongoing lockdowns in China begin to weigh. President David Malpass tells CNBC that it’s up to advanced economies to do more to subdue rampant inflation. St Louis Federal Reserve President James Bullard tells us he would not rule out a 75-basis point hike in a single meeting, as the 10-year Treasury yield surges to its highest level for more than three years. And Twitter attempts to thwart Elon Musk takeover attempt with a ‘poison pill’. CNBC learns that private equity firm Apollo is in line to finance the buyout.

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