Tesla CEO Elon Musk was sued on Thursday by the Securities and Exchange Commission for making ‘false and misleading’ claims to investors. The lawsuit is a result of Musk’s August tweet about taking Tesla private. The SEC asked a federal judge to prevent Musk from serving as officer or director of a public company.
Amid accusations of crimes against humanity from six nations, Venezuelan President Nicolas Maduro attended the UN General Assembly on Wednesday to ‘defend his country.’ Maduro previously threatened to skip the assembly over fears for his safety. The US Treasury Department imposed financial sanctions on Venezuela’s First Lady Cecilia Flores a year after freezing Maduro’s assets.
Instagram CEO Kevin Systrom and co-founder Mike Krieger have resigned from Facebook to ‘explore our curiosity and creativity again.’ Reports cite tension with Facebook and CEO Mark Zuckerberg as influencing the resignations. The resignations come at a difficult time for Facebook during a year of controversy and loss of public support.
Oil prices reached a four-year high of over $81 per barrel following the decision by Saudi Arabia and Russia to reject President Trump’s calls to increase production. While Saudi Arabia leads the OPEC cartel, Russia is the biggest oil producer outside of the group. Producers discussed increasing the output by 500,000 barrels each day.
The Vatican and China said they had signed a “provisional agreement” over the appointment of bishops, a breakthrough on an issue that stymied diplomatic relations for decades and aggravated a split among Chinese Catholics. The deal resolved one of the major sticking points in recent years, with the Vatican agreeing to accept seven bishops who were previously named by Beijing without the pope’s consent.
The US imposed sanctions against a Chinese military agency and it’s director on Thursday for buying fighter jets and missile systems from Russia, in breach of a sweeping US sanctions law punishing Moscow for meddling in the 2016 US election. China has told the US to withdraw sanctions on its military over purchases of Russian jets and missiles or “bear the consequences”.
Android users will be able to use Google’s mobile operating system in their cars starting in 2021. Google and the world’s biggest auto group Renault-Nissan-Mitsubishi Alliance (RNMA) are partnering to develop a dedicated in-car system to control GPS and entertainment functions. Users will be able to download specific apps for cars through Android’s Play Store.
Theresa May told EU leaders that Britain is prepared to walk away unless a ‘workable’ agreement on Brexit is reached within the next two months. European airports have warned that a ‘no-deal’ Brexit could cause ‘major disruption and heightened safety risks.’ Police must allocate resources to cope effectively in the case of a no-deal Brexit.
Tesla Inc. announced on Tuesday that the Department of Justice is investigating CEO Elon Musk’s claims that he may take the company private. The Justice Department made a ‘voluntary request’ for documents about Musk’s statement. The EU dropped its lawsuit against Ireland for failing to recover back taxes and interest from Apple after Apple paid 13.1 billion euros ($15.3 billion) in back taxes following a regulatory order two years ago.
A public Senate hearing is scheduled for next week on a sexual assault accusation against Supreme Court nominee Brett Kavanaugh. Kavanaugh and accuser Christine Blasey Ford will testify. Ford claims Kavanaugh assaulted her over 30 years ago, accusations Kavanaugh calls ‘completely false.’ President Trump said he expects a ‘little delay’ in Kavanaugh’s Supreme Court confirmation.