Tesla CEO Elon Musk settled with the Securities and Exchange Commission on Saturday agreeing to step down as chairman of the company and pay a $20 million fine. The SEC sued Musk for lying to investors about taking Tesla private. Tesla will add two directors to the board and monitor Musk’s public communications more carefully.
A powerful typhoon killed two and left thousands stranded as it swept through Tokyo on Monday causing train delays and closings. Typhoon Trami made landfall a month after Hokkaido was hit by a deadly earthquake. Denny Tamaki who criticized US military presence in Okinawa, Japan won the election to become governor of the region.
The most recent Facebook hack which affected an estimated 50 million user accounts could cost the company more than $1 billion in fines. Criminal hackers used a security flaw to access accounts and put sensitive information at risk. Facebook discovered the hack on Tuesday but did not announce it until three days later on Friday.
The Trump administration denied restricting the FBI investigation ordered on Friday at the request of the Senate Committee into sexual misconduct allegations against Supreme Court nominee Brett Kavanaugh. The investigation has delayed the final vote on Kavanaugh. Adviser to President Trump Kellyanne Conway revealed that she was a victim of sexual assault during a CNN interview discussing about the Kavanaugh scandal.
The vote to change Macedonia’s name to North Macedonia as part of a deal with Greece fell short of the required voter turnout. At least 50% participation was needed but only a third of Macedonians voted. The majority who voted favored the change. Macedonia’s prime minister urged the parliament to ‘confirm the will of the majority.’
The official death toll has risen to 844 after a 7.5 magnitude earthquake and tsunami hit Indonesia. Indonesia’s disaster mitigation agency warned the toll could increase even more as the affected area is larger than originally believed. Over 48,000 people have been displaced as rescuers struggle with no electricity in the region.