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On May 11, the State Grid Corporation of China held a meeting. Zhang Zhigang, Party Secretary and Chairman of the Board, stated that enhancing basic research capabilities should be given greater prominence. This includes optimizing the systematic layout of basic research, further clarifying the main directions and key areas of basic research, promoting deep integration of industry, academia, research, and application, and strengthening the companys basic research discipline system. He also emphasized strengthening support and guarantees for basic research, increasing investment in basic research, constructing major scientific research infrastructure and intelligent scientific research platforms to high standards, and continuously deepening the reform of scientific research evaluation. Furthermore, he stressed strengthening the development of a basic research talent pool, promoting the integrated development of education, science, and technology talent, vigorously cultivating young backbone forces, strengthening the training of leading talents and strategic scientists, and fully respecting the pioneering spirit of grassroots workers.Spanish energy technology company Turbo Energy SA is continuing to expand its AI-driven smart energy platform in Chile.Saudi Aramco CEO Nasser: There is a supply gap of about 1 billion barrels of oil in the market.Saudi Aramco CEO Nasser: In the first quarter, we produced an average of 12.6 million barrels of oil equivalent per day.Artificial intelligence chip maker Cerebras Systems has filed for an initial public offering (IPO) to raise up to $4.8 billion.

New York property magnate contests "every element" of contempt order Trump probe

Aria Thomas

Jul 07, 2022 11:16


Cushman & Wakefield (NYSE:CWK), which appraised several properties belonging to Donald Trump, protested "every facet" of an order finding it in contempt of court in regard to subpoenas issued in a civil investigation into whether the former president manipulated asset valuations.


Justice Arthur Engoron of a New York state court in Manhattan determined Tuesday that Cushman, one of the world's largest real estate companies, was in contempt and imposed $10,000-per-day fines beginning July 7.


He chastised Cushman for delaying over its most recent date to obtain an extension to comply with subpoenas issued by New York Attorney General Letitia James, adding that the business "had only itself to blame if it chose to disregard the approaching deadlines."


Engoron acknowledged that James subpoenaed Cushman for a "vast" number of documents, but maintained that state law supported such a sweeping demand.


Cushman petitioned a state court of appeals in Manhattan to revisit the contempt ruling against Engoron and provide him extra time to comply with the subpoenas.


Cushman has indicated that it has provided over 650 assessments and several hundred thousand pages of documents since February, and has denied any charges that it has worked in bad faith.


A spokesman for James did not immediately respond to requests for comment.


James, a Democrat, is investigating whether Trump and his family business, the Trump Organization, inflated the assessments of golf courses, hotels, and other real estate to qualify for favorable loans then dropped the prices to avoid paying taxes.


Her office's ability to acquire documents is vital as it prepares to subpoena Trump and two of his adult children, Donald Trump Jr. and Ivanka Trump, on July 15.


Trump, a Republican, has called James' inquiry a "politically motivated witch hunt."


When Engoron convicted him in contempt on April 25, he paid $110,000 in fines. On Monday of last week, the court lifted the contempt order.

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