Tag Archives: challenged

Beijing’s ‘South China Sea Behavior’ Must Be Challenged, US Navy Says – Voice of America – VOA News

  1. Beijing’s ‘South China Sea Behavior’ Must Be Challenged, US Navy Says Voice of America – VOA News
  2. ‘Out here for a reason’: US forces eye Beijing’s South China Sea ‘aggression’ South China Morning Post
  3. Chinese aggression in South China Sea must be challenged, U.S. Navy official says The Japan Times
  4. China’s ‘aggressive behaviour’ in South China Sea must be challenged, US navy official says ABC News
  5. China’s ‘aggressive behaviour’ in South China Sea must be challenged, US Navy official says Reuters
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China’s ‘aggressive behaviour’ in South China Sea must be challenged – U.S. Navy official – Yahoo News

  1. China’s ‘aggressive behaviour’ in South China Sea must be challenged – U.S. Navy official Yahoo News
  2. ‘Out here for a reason’: US forces eye Beijing’s South China Sea ‘aggression’ South China Morning Post
  3. Chinese aggression in South China Sea must be challenged, U.S. Navy official says The Japan Times
  4. China’s ‘aggressive behaviour’ in South China Sea must be challenged, US navy official says ABC News
  5. China’s ‘aggressive behaviour’ in South China Sea must be challenged, US Navy official says Reuters
  6. View Full Coverage on Google News

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Jey Uso could be immediately challenged after winning Undisputed Universal Title from Roman Reigns, predicts Hall of Famer (Exclusive) – Sportskeeda

  1. Jey Uso could be immediately challenged after winning Undisputed Universal Title from Roman Reigns, predicts Hall of Famer (Exclusive) Sportskeeda
  2. Report: WWE “Ecstatic” With Top Act WhatCulture
  3. The Tribal Court on Roman Reigns descends into all-out bedlam: Raw highlights, July 10, 2023 WWE
  4. Roman Reigns’ Island of Relevancy to sink at SummerSlam? Hint: Nothing to do with The Usos Sportskeeda
  5. How Many? Roman Reigns’ Tribal Court SmackDown Segment Featuring The Usos Draws Crazy Audience – WrestlingRumors.net Wrestling Rumors
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‘The gauntlet has been thrown down’: Lukashenko claims Ukraine challenged Belarus, responds by calling Zelensky ‘a nit’ – Meduza

  1. ‘The gauntlet has been thrown down’: Lukashenko claims Ukraine challenged Belarus, responds by calling Zelensky ‘a nit’ Meduza
  2. Suspects of group that destroyed Russian plane detained: Belarus Al Jazeera English
  3. Leader of Belarus acknowledges attack on Russian warplane The Washington Post
  4. Ukraine’s Foreign Ministry on Lukashenko’s rebuke of Zelenskyy: an act of impotence Yahoo News
  5. Ukrainian ‘Terrorist Group’ Behind Attack On Russia’s $330 Million A-50 Aircraft Arrested By Belarus EurAsian Times
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Musk’s $44 billion Twitter buyout challenged in shareholder lawsuit

May 6 (Reuters) – Elon Musk and Twitter Inc (TWTR.N) were sued on Friday by a Florida pension fund seeking to stop Musk from completing his $44 billion takeover of the social media company before 2025.

In a proposed class action filed in Delaware Chancery Court, the Orlando Police Pension Fund said Delaware law forbade a quick merger because Musk had agreements with other big Twitter shareholders, including his financial adviser Morgan Stanley (MS.N) and Twitter founder Jack Dorsey, to support the buyout.

The fund said those agreements made Musk, who owns 9.6% of Twitter, the effective “owner” of more than 15% of the company’s shares. It said that required delaying the merger by three years unless two-thirds of shares not “owned” by him granted approval.

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Morgan Stanley owns about 8.8% of Twitter shares and Dorsey owns 2.4%.

Musk hopes to complete his $54.20 per share Twitter takeover this year, in one of the world’s largest leveraged buyouts.

He also runs electric car company Tesla Inc (TSLA.O), leads The Boring Co and SpaceX, and is the world’s richest person according to Forbes magazine.

Twitter and its board, including Dorsey and Chief Executive Parag Agrawal, were also named as defendants.

Twitter declined to comment. Lawyers for Musk and the Florida fund did not immediately respond to requests for comment.

The lawsuit also seeks to declare that Twitter directors breached their fiduciary duties, and recoup legal fees and costs. It did not make clear how shareholders believed they might be harmed if the merger closed on schedule.

On Thursday, Musk said he had raised around $7 billion, including from sovereign wealth funds and friends in Silicon Valley, to help fund a takeover. read more

Musk had no financing lined up when he announced plans to buy Twitter last month.

Some of the new investors appear to share interests with Musk, a self-described free speech absolutist who could change how the San Francisco-based company moderates content.

Florida’s state pension fund also invests in Twitter, and Governor Ron DeSantis said this week it could make a $15 million to $20 million profit if Musk completed his buyout.

In afternoon trading, Twitter shares were down 60 cents at $49.76.

The case is Orlando Police Pension Fund v Twitter Inc et al, Delaware Chancery Court, No. 2022-0396.

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Reporting by Jonathan Stempel in New York
Editing by Howard Goller and Mark Potter

Our Standards: The Thomson Reuters Trust Principles.

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The White House allegedly challenged Intel’s plans to increase chip production in China

Intel’s efforts to speed up chip production in China have reportedly been contested by the Biden administration, according to a report from Bloomberg. Sources close to the situation told Bloomberg that Intel proposed making silicon wafers in a Chengdu, China factory, which could start production towards the end of 2022. However, Intel’s plans were “strongly discouraged” by White House officials due to potential security issues.

Since Intel needs to secure funding from the government in order to ramp up production, the administration’s opinion holds some weight on Intel’s path forward. As Bloomberg notes, Intel said it currently has “no plans” to produce silicon wafers in China after discussing it with government officials, and that it will instead consider “other solutions.”

“Intel and the Biden administration share a goal to address the ongoing industrywide shortage of microchips, and we have explored a number of approaches with the U.S. government,” Intel said in a statement to Bloomberg. One of these approaches may be to invest in factories to manufacture silicon wafers in the US and Europe, in line with the administration’s goals of manufacturing essential components within the US.

The Biden administration remains skeptical about China’s use of technology. Biden recently expanded on existing policies from the Trump era that places restrictions on the government’s use of China-based brands Huawei and ZTE, as well as labels both companies as threats to national security. Biden’s newly-signed legislation blocks the two brands from obtaining licenses from the Federal Communications Commission. Additionally, Biden previously put restrictions on the sale of hacking tools to China and also banned US investment in Chinese surveillance companies.

The global chip shortage seems to be seeping into more areas of technology every day. With Teslas reportedly shipping without USB ports, newer BMWs coming without touchscreens, and cuts in production for the Switch, PS5, and iPhone 13, it’s starting to look like Intel’s prediction might be right; we may not see the end of the chip shortage until 2023.

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Surfside, Florida condo collapse: Rescue efforts challenged by threat of collapse and an approaching storm

Rescue teams have been combing through up to 16 feet of concrete since part of the Champlain Towers South came crashing down early last Thursday. So far, 18 people have been confirmed dead and 145 people are still unaccounted for.

But concerns about the integrity of the parts of the building still standing could add another level of difficulty to the painstaking recovery efforts.

Work was halted for much of the day Thursday as engineers assessed the structure still standing.

Access to the collapse zone was then restricted due to safety concerns, but engineers are conducting tests to expand the search into more areas as it becomes safe to do so, Miami-Dade Mayor Daniella Levine Cava said Thursday evening.

“Our firefighters looked really, really excited to get back there,” she said, adding, “I am grateful to their hard work that got us back to work on the search and rescue.”

Officials estimated it could be weeks before the rest of the building was demolished.

However, State Fire Marshal Jimmy Patronis said the demolition “might be sooner than we’re anticipating” because of the heavier equipment needed and potential complications to the weight that keeps the still-standing sections in place,

“The timing of it is still yet to be determined, but in order to complete what it takes, in order to finish the mission, the building will have to go,” he said. “It’s just too much of a risk.”

Another timing obstacle is that Tropical Storm Elsa has Surfside in its extended forecast cone. Division Director for Office of Emergency Management Charles Cirillo said the county faces the risk of heavy rainfall and strong winds from Elsa from Sunday night into Monday morning.

Other buildings to be evaluated

Teams going through the debris have still not yet found a single trigger for the collapse. And as investigators look into what caused the devastation, city officials are working to prevent damage elsewhere.

The town of Surfside has requested that all buildings over the age of 30 and more than three stories high begin to examine their structures before the 40-year building recertification program, a letter to property owners said Thursday.

Buildings will need to hire a registered structural engineer to perform an analysis of the building and are also requested to hire a registered geotechnical engineer “to perform an analysis of the foundation and subsurface soils.”

Repairs to the Champlain Towers South as part of the 40-year-recertification process had just begun when the collapse happened.

Some reports have surfaced of wear and damage to the building in the years leading up to the collapse, and some officials and residents have accused the building of not doing enough to prevent the incident.

A lawsuit on behalf of a family suing the Champlain Towers South condo association alleges Morabito Consultants, which performed a structural analysis of the building in 2018, did not do enough to keep occupants safe by failing to examine the building’s sub-surface foundation.
The suit was filed by attorneys for the family of Harold Rosenberg, who remains unaccounted for, and further alleges that after the 2018 report was completed the condo association and Morabito Consultants should have submitted a written report to the town of Surfside certifying that the condo was structurally safe. “The Morabito report did not certify that the building ‘is structurally and electrically safe…for continued occupancy,'” the suit states.

“Instead, in an apparent attempt to wash away its failures in the wake of this tragedy, Defendant Morabito submitted this report… approximately 16 hours after the Champlain Towers South building collapsed,” the suit states, referring to a document filed with the town of Surfside on June 24.

The report was conducted by engineer Frank Morabito for the building’s condo association as part of the Champlain Towers South’s 40-year recertification effort.

In a statement to CNN, a spokesperson for Morabito Consultants, said: “While we cannot comment on active or pending litigation, the firm’s 2018 report for the Champlain Towers South Condominium Association offered detailed findings and recommendations regarding extensive and necessary structural repairs for the condo building. We continue to work closely with the investigating authorities to understand why the structure failed and are praying for the families and loved ones of all who are have been impacted by this tragic event.”

President Biden’s emotional visit

On Thursday, President Joe Biden and first lady Jill Biden met with the search and rescue personnel, first responders and some the families of the 145 people still unaccounted for.

“Unfortunately, I’ve done a lot of these circumstances where I’ve met with families who’ve had great loss,” the President said after the three-hour meeting. “And what amazed me with this group of people was the resilience, the absolute commitment, their willingness to do whatever it took.”

He added: “I walked away impressed by their strength.”

But after the eighth day of searching, he also noted the devastating understanding in the families.

“The families here are very realistic — they know the longer it goes,” he said, his voice trailing.

He noted that local FEMA personnel and local first responders took all of the families of those unaccounted for to the site of the collapse to see it up close, describing painful details.

“They’re all realists. They all look and they see those floors — it’s literally feet — cement upon cement upon cement,” he said.

That didn’t suggest efforts should stop, he said.

Steve Rosenthal, whose condo was one unit away from where the building collapsed, said Biden’s visit to survivors and families of those missing was “very uplifting.”

He told CNN’s Poppy Harlow, “There must’ve been 200 people in that room. And he walked around and talked to every single person. And as long as that person was talking to him, he listened. And I’m not embellishing this at all. If a person talked for six minutes, he sat there and listened for six minutes.”

CNN’s Theresa Waldrop, Steve Almasy, Hollie Silverman, Camille Furst, Rosa Flores Curt Devine and Kristen Holmes contributed to this report.

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