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Good morning from the Financial Times.

Today is Wednesday, October 5th, and this is your FT News Briefing.

Elon Musk is offering to follow through on his deal to buy Twitter.

Hundreds of thousands of Russians have fled the country,

and we look at why China has not pivoted to a new form of economic growth.

I'm Sonya Hudson in Farmark, Filipino, and here's the news you need to start your day.

Elon Musk's $44 billion deal to buy Twitter is back on the table.

Just to recap, Twitter and Musk agreed to that price back in April,

but then Musk tried to back out of the deal.

Twitter then sued Musk to get him to follow through.

That trial was set to start in less than two weeks.

Things took a turn yesterday.

Musk offered to complete the original deal,

and Twitter said they intend to close the deal at that price.

Here's the FT's Hannah Murphy.

The two parties are still sort of hashing out the details of what this would look like.

Our understanding is that on the Twitter side,

they're a little nervous that Musk may be just using this as leverage,

as a maneuver to delay proceedings further that he might back out again.

So there's sort of some iron and clad assurance that this will proceed.

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