EUR/USD 1.16209
-0.410%
Gold 4545.67
-2.292%
Oil 100.978
3.282%
USD/JPY 158.766
0.243%
GBP/USD 1.33180
-0.615%
GBP/JPY 211.449
-0.370%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The UAEs nuclear regulator stated that no radioactive leaks occurred following the Barakah nuclear power plant incident, and there is no risk to the public.On May 18, shipping giants CMA CGM and Hapag-Lloyd announced on Sunday that they had suspended all bookings to and from Cuba until further notice. Both companies cited a May 1 U.S. executive order, the latest blow to Cubas crisis-ridden economy. Two sources said the temporary suspension of new orders by the worlds two largest shipping companies could jeopardize up to 60% of Cubas freight volume. This comes after the U.S. oil blockade severely restricted Cubas fuel supply. The executive order signed by Trump on May 1 expanded existing U.S. sanctions on Cuban trade to include "any foreign person doing business in the energy, defense and related materials, metals and mining, financial services or security sectors of the Cuban economy, or any other sector of the Cuban economy."The Saudi Ministry of Defense stated that it has intercepted three drones launched from Iraq, which were shot down after entering Saudi airspace. It reserves the right to respond at the appropriate time and place.May 18 - A new poll released by Kyodo News shows that the approval rating for Japanese Prime Minister Sanae Takaichis cabinet has dropped 2.5 percentage points from the previous survey to 61.3%. Among the respondents, 70.6% expressed concern about potential disruptions to the supply of naphtha, a petroleum derivative.On May 18, the Liuzhou Earthquake Relief Headquarters in Guangxi issued a notice activating a Level III earthquake emergency response. The notice stated that a 5.2-magnitude earthquake occurred at 00:21 Beijing time on May 18, 2026, in Liunan District, Liuzhou City, Guangxi (24.38°N, 109.26°E), with a focal depth of 8 kilometers. The epicenter was located in Taiyangcun Town, Liunan District, 2 kilometers from the town center, 13 kilometers from the urban area of Liunan District, and 16 kilometers from the urban area of Liuzhou City. Significant tremors were felt in all areas. In accordance with the relevant provisions of the "Liuzhou Earthquake Emergency Plan," a Level III earthquake emergency response was activated from 01:00 on May 18. All relevant departments were required to enter emergency status and carry out earthquake relief work, including rescue and relief, emergency duty, information gathering, disaster investigation, and social stability maintenance.

Twitter accepts the trial on October 17 but believes Musk may try to prolong it

Charlie Brooks

Jul 28, 2022 11:18

11.png


Twitter (NYSE:TWTR) announced in a court filing on Wednesday that it does not oppose to Elon Musk's desire to commence a trial on Oct. 17 over Musk's effort to withdraw from his $44 billion takeover offer, but the social media company wants an assurance that the hearing would be finished in five days.


Musk has claimed that he needs time to perform a complete investigation into Twitter's alleged misrepresentation of bogus accounts, which he thinks breached their contract requirements.


He originally requested a February trial date, but on Tuesday, after a judge established that the procedure would begin in three months, he proposed a date of October 17.


Twitter has referred to the false accounts as a diversion and pushed for the Musk trial to begin as soon as possible, arguing that the delay is damaging to the firm. It noted in a court filing that Musk has offered no guarantee that the trial will be finished in five days, as required by Delaware Court of Chancery judge Kathaleen McCormick (NYSE:MKC) (NYSE:MKC).


"Twitter asked for this assurance because it considers Musk's objective remains to postpone trial, making the Court's expedition decision impossible, and thereby avoid adjudication of his contractual commitments," according to a petition by Twitter.


Musk is the richest person in the world and the CEO of electric vehicle maker Tesla (NASDAQ:TSLA) Inc. His attorneys did not react to requests for comment.


Twitter also denied Musk's accusations that the corporation was unduly delayed in responding to his document demands. Twitter alleged that Musk is prolonging the process by refusing to react to the company's complaint, which would clarify the issues and any counterclaims he may raise.


The closing price for Twitter shares on Wednesday jumped by 1.3% to $39.85. Musk has agreed to acquire the company for $54.20 per share.

Suggestion