News
Russia and China to Boost Space Cooperation
Russia and China have decided to enhance their collaboration on outer space exploration and ensure the safety of these activities. The Russian Foreign Ministry announced this development in a statement on Friday.
The statement highlighted that consultations between the foreign ministries of both countries took place in Moscow, focusing on peaceful space initiatives. Discussions covered various aspects, including the use and exploration of space for peaceful purposes, international legal regulations, and the long-term sustainability and safety of space operations.
News
Erik ten Hag Eyes Borussia Dortmund Job After Manchester United Exit
Erik ten Hag, the former Manchester United manager, is reportedly being considered as a future candidate to manage Borussia Dortmund, with the Dutchman being closely linked to the Bundesliga club since his departure from Old Trafford last October.
Although currently out of work, Ten Hag has been a regular visitor to Dortmund and has spent time with the club’s technical director, Sven Mislintat.
Sky Germany revealed that the former Ajax coach was given a tour of Dortmund’s business area, and he also had discussions with Mislintat during his visit.
Ten Hag was even in attendance for Dortmund’s recent 3-2 loss to Bayer Leverkusen, a match that added to the club’s struggles this season.
While Dortmund currently have Nuri Sahin at the helm, the club’s management is reportedly keeping an eye on the situation.
News
SEC Sues Elon Musk Over Delayed Disclosure of Twitter Stake Purchase
The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against tech billionaire Elon Musk, accusing him of failing to promptly disclose his ownership of more than 5% of Twitter ahead of his acquisition of the company in 2022.
According to the SEC, Musk began purchasing Twitter shares early in 2022, surpassing the 5% threshold on March 14, 2022.
Under securities laws, Musk was required to disclose his holdings within 10 days, but he didn’t reveal that he owned 9% of Twitter until April 4, which was 11 days later than the legal deadline.
The delay in disclosure is said to have led to a 27% jump in Twitter’s share price after Musk made the announcement.
The SEC also claims that Musk’s actions resulted in an underpayment of at least $150 million for the shares he bought during that period.
The SEC is now seeking to have Musk repay the $150 million, plus additional penalties.
In response, Musk’s lawyer, Alex Spiro, defended his client, insisting that Musk had “done nothing wrong.”
Spiro also accused the SEC of running a “multi-year campaign of harassment” against the billionaire.
News
South Korean President Yoon Arrested Over Insurrection Charges
South Korean authorities have made history by arresting impeached President Yoon Suk Yeol on charges of insurrection, marking the first time an incumbent leader has been detained in the country.
Yoon, who has been embroiled in controversy following his suspension after declaring martial law on December 3, claimed he reluctantly agreed to comply with what he called an unlawful investigation to avoid violence.
The arrest came after a dramatic standoff, with more than 3,000 police officers converging on Yoon’s hillside residence early on Wednesday to carry out the arrest.
Despite his earlier defiance, which included a personal security team blocking a previous attempt, Yoon chose to surrender to the authorities, stating that his decision was made to prevent bloodshed.
“I decided to cooperate with the CIO’s investigation, even though it is illegal, to avoid unnecessary violence,” Yoon said, referring to the Corruption Investigation Office for High-Ranking Officials, the body leading the probe.
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