ELON MUSK FACES CIVIL SECURITIES FRAUD SUIT OVER TWITTER PURCHASE AS HE EYES SPACEX IPO. (PHOTO).

-
Image
 Elon Musk faces civil securities fraud suit over Twitter purchase as he eyes SpaceX IPO  Since acquiring Twitter for roughly $44 billion in late 2022, Elon Musk has renamed the platform X, merged it with his artificial intelligence company xAI, and integrated both into his defense and space company, SpaceX. Musk’s next major move could be taking SpaceX public in what would likely be a record-setting IPO, but first, he is confronting legal challenges from his past. On Wednesday, Musk appeared in federal court in San Francisco to face allegations of civil securities fraud tied to his Twitter purchase. Investors filed a class action in October 2022, claiming Musk manipulated Twitter’s stock to pressure the board into selling at a lower price than initially promised. Musk’s legal team denies any intent to harm Twitter or its shareholders. During the hearing, Musk acknowledged that his tweets can affect stock prices, sometimes unpredictably, and described the market as “manic depr...
Post a Comment

DR CONGO DENIES HANDING OVER ITS MINERAL WEALTH IN TRUMP PEACE DEAL. (PHOTO).

-


 DR Congo denies handing over its mineral wealth in Trump peace deal


The Democratic Republic of Congo has not "sold off" its vast mineral wealth to the United States under an agreement granting Washington access to its reserves, the country's mining minister has said.


The agreement signed in December opens access to copper, cobalt, coltan and lithium to US companies, alongside a peace accord aimed at ending a long-running conflict in the eastern DRC.


US President Donald Trump hailed the accord at the time as a new era of harmony and cooperation that would bring peace and prosperity across the region.


"The DRC has not sold off anything at all. The DRC has not sold anything at all," minister Louis Watum said on the sidelines of the African Mining Indaba conference in Cape Town, rejecting suggestions Kinshasa had ceded ground in talks with Washington.


Framework for talks


Watum said the agreement - which has yet to halt fighting in the east - creates a framework for talks with US companies on potential projects.


"Some may invest and others not. And when they do, it will be in strict compliance with the mining code," he said.


The DRC has submitted a list of strategic projects to Washington that will be reviewed in coming weeks by a joint steering committee, Vice Premier Daniel Mukoko Samba said at Davos in January.


Asked about US-China rivalry in the Congolese mining sector, Watum said Kinshasa was focused on domestic priorities, such as education and jobs for its 120 million people.


"We're not interested in that. We have to play our own game as DRC," he said, Reuters reported.


Resources untapped


The DRC's wealth in natural resources remains largely untapped, with only about 10 percent currently developed, Watum said.


"There is space for everyone," he added, comparing the country's current position in global supply chains to Saudi Arabia's role in oil markets in the 1980s.


The central African nation holds some of the world's richest deposits of copper, cobalt, coltan and lithium and accounted for 76 percent of global cobalt output in 2024, according to the US Geological Survey.


Demand for the metals is rising across defence, artificial intelligence data centres and the energy transition.

Comments

Post a Comment

Popular posts from this blog

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

-
Image
Innoson Gives Out Brand New IVM G5 and Salary For Life To The Man Who Prophesied About His Vehicle Manufacturing In 1979.  Last Saturday, July 22nd the Chairman of Innoson Vehicle Manufacturing Company Ltd, Chief Dr Innocent Ifediaso Chukwuma OFR gave out a brand new Innoson IVM G5 to Mr Ikechukwu Osakwe popularly known as Osabros who prophesied to him in 1979 that he would be the first man in Africa to manufacture vehicles and sell to different African countries.  The prophecy was given at the period the then Innocent Chukwuma could not boast of a car, talk less of manufacturing one. According to Dr Chukwuma during the presentation of the car, he recalled on how Mr Ikechukwu Osakwe all the way from Kano blocked him at the front of his house early in the morning and told him he has a message for him.  Mr Osakwe went on to narrate a dream he had about him, how he saw in the said dream his vehicle manufacturing company known as CAP PLC. "He told me that CAP means Chukwuma ...
Read more

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

-
Image
             Gerard Pique,welcomed their first child into the world last year January.Shakira told the magazine that ''I think it takes two to keep it passionate in relationships,a lot of laughter and a lot of fun moments together,that's essential but also affinity,you know.You have to be compatible.I'm really happy where i am right now,with the person that i'm with right now.He seems to want the same things i want,and that's very important''.More pictures below.                                                                                                                    
Read more

AMBODE,SOYINKA & OTHERS AT THE OFFICIAL LAUNCH OF LAGOS AT 50 YEARS ANNIVERSARY AGAINST 2017.{PHOTOS}.

-
Image
                Lagos State Governor,Mr Akinwunmi Ambode on friday officially launched the one year long activities to mark the 50 years anniversary of the State which will climax on May 28,2017,just as he said the activities lined up would showcase to the world the unique achievements,culture,heritage and the tourism potentials of the state.Governor Ambode,who spoke at a special children programme tagged ''Vision of the Child'' to officially kick start the one year long activities for the Golden Jubilee of the State,said the celebration was put together to provide historical opportunity to propel the State into unimaginable greatness as well as put it on highest pedestal in the league of the world megacity states.The Governor,who assured that the events would be the biggest celebration in the 50 years history of the state,added that Lagosians should expect nothing short of world class events.He said ''This golden jubilee celebration will show Lag...
Read more