The US Securities and Exchange Commission accused Tesla founder Elon Musk on Monday of failing to comply with a court-endorsed deal between the electric automaker and the regulatory agency. According to the SEC, a tweet from Musk on Tesla's 2019 production levels violates the deal, under which his tweets had to be reviewed prior to being published. On "February 19, 2019, Musk tweeted, 'Tesla made 0 cars in 2011, but will make around 500k in 2019.' Musk did not seek or receive pre-approval prior to publishing this tweet, which was inaccurate and disseminated to over 24 million people," the SEC said in court filing in New York federal court. "Musk has thus violated the court's final judgment by engaging in the very conduct that the pre-approval provision of the final judgment was designed to prevent," it said. The deal with the SEC came about after Musk tweeted last year that he planned to take Tesla private and already had the financing to do it -- an assertion that proved false but … [Read more...] about US financial regulatory agency says Musk violated deal
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Kim Jong-un arrives in Vietnam for US-North Korea summit
Kim Jong-un has arrived in Vietnam for a highly-anticipated summit with Donald Trump aimed at working towards the denuclearisation of the Korean Peninsula. The North Korean leader was pictured as he left his heavily armoured train at Dong Dang station, where he will disembark and travel the remainder of his journey to Hanoi by car. Ceremonial guards lined a red carpet laid out for him at the station as he arrived for his first ever visit to country on Tuesday. US President Trump is scheduled to arrive later today. Kim and Mr Trump are set to meet for the second US-North Korea summit on Wednesday and Thursday after a historic first round of talks last year in Singapore. The North’s leader close aide Kim Chang Son, who has been in Hanoi for several days preparing for the summit, was spotted at the station before Kim's arrival. His sister, who has emerged as an important aide to Kim and travelled with him from Pyongyang, was spotted getting off … [Read more...] about Kim Jong-un arrives in Vietnam for US-North Korea summit
Maduro Accuses US of Attempt to Fabricate Crisis Justifying War in South America
"Everything that the United States government has done has been doomed to failure […] They are trying to fabricate a crisis to justify political escalation and military intervention in Venezuela to bring a war to South America", Maduro told ABC News in an interview made in Caracas. Maduro also slammed the recent Lima Group meeting in Bogota as "part of that politics to attempt to establish a parallel government in Venezuela", stressing that the US "wants Venezuela's oil" and is "willing to go to war for that oil". The Venezuelan president also told ABC News that US President Donald Trump needs to fix his policy over Venezuela. "Venezuela has the right to peace, Venezuela has legitimate institutions. I, as President of Venezuela, am prepared for a direct dialogue with your government and with you to look for, like the Americans that we are. We are South … [Read more...] about Maduro Accuses US of Attempt to Fabricate Crisis Justifying War in South America
US Policy Towards Iran to Remain Unchanged Despite Zarif Resignation
Zarif, who has been heading the Iranian Foreign Ministry since 2013, earlier in the day announced via Instagram that he was leaving his post. Media reported that Iranian President Hassan Rouhani had accepted the minister's resignation although Rouhani’s chief of staff denied the reports. READ MORE: Iranian FM Zarif Announces His Resignation "We note @JZarif’s resignation," Pompeo said in a Twitter post on Monday. "We’ll see if it sticks… Our policy is unchanged — the regime must behave like a normal country and respect its people." Pompeo added that, either way, Rouhani and Zarif are simply front men and that Iranian Supreme Leader Ayatollah Ali Khamenei "makes all final decisions." We note @JZarif’s resignation. We’ll see if it sticks. Either way, he and @HassanRouhani are just front men for a corrupt religious mafia. We know @khamenei_ir makes all final decisions. Our policy is … [Read more...] about US Policy Towards Iran to Remain Unchanged Despite Zarif Resignation
US Fiscal Stimulus Could Run Out of Steam Amid US-China Trade Dispute
US tariffs on 200 billion dollars’ worth of Chinese goods were expected to increase from 10 to 25 per cent. Currently, the US has additional duties on 250 billion dollars’ worth of Chinese goods. Media reported that Chinese and US officials have held three rounds of talks since December. On Friday, Trump told reporters that the biggest decisions and even smaller decisions will be made by President Xi and himself. Meanwhile, a report by Washington-based Tax Foundation said that current tariffs will cost US economy over 30 billion in the long run, will result in the elimination of more than 94 thousand full-time American jobs and will cost each US taxpayer 146 dollars in the after-tax wage decrease. Sputnik has discussed Trump's decision to further delay increasing tariffs on Chinese goods with Dr. Yixiao Zhou, lecturer of economics at the Curtin Business School. … [Read more...] about US Fiscal Stimulus Could Run Out of Steam Amid US-China Trade Dispute