Business

Washington, Sep 28 (AFP) The US Securities and Exchange Commission on Thursday charged Tesla CEO Elon Musk with securities fraud, alleging he misled investors last month in tweets about taking the company private.

Musk tweeted August 7 that he had "funding secured" to privatise the electric automaker at USD 420 a share, causing a brief spike in Tesla's share price.

The SEC said Musk's statements on Twitter were "false and misleading" and that he had never discussed the plans with company officials or potential funders.

BEIJING; 28 Sep 2018; (AP) — Beijing urged the United States on Thursday to stop slandering China after President Donald Trump accused the Asian giant of trying to interfere in upcoming American congressional elections.

Geng Shuang, a foreign ministry spokesman, told reporters at a regular briefing in Beijing that the Chinese government does not interfere in other countries’ internal affairs.

UNITED NATIONS, September 27. /TASS/. United Nations Secretary General Antonio Guterres met on Wednesday with Iranian President Hassan Rouhani and spoke in support of the Iran nuclear deal, the United Nations press office said.

"The Secretary-General met with H.E. Mr. Hassan Rouhani, President of the Islamic Republic of Iran," the press office said. "The Secretary-General reiterated his support for the Joint Comprehensive Plan of Action (JCPOA) and the implementation of Security Council resolution 2231 (2015)."

NEW YORK, Sept. 26 (Xinhua) -- U.S. State Department said on Tuesday that Secretary of State Mike Pompeo will travel to Pyongyang next month to discuss a second summit between the leaders of the United States and the Democratic People's Republic of Korea (DPRK).

Pompeo, in his meeting with Foreign Minister Ri Yong Ho of the DPRK earlier on the same day, accepted DPRK top leader Kim Jong Un's invitation to travel to Pyongyang next month, according to a statement issued by State Department spokesperson Heather Nauert.

New Delhi, Sep 27 (PTI) The Supreme Court directed Thursday that no coercive action is to be taken in any part of the country against Salman Khan Ventures Pvt ltd, the producer of upcoming bollywood movie 'Loveratri'.

A bench headed by Chief Justice Dipak Misra considered the submission that the movie, slated for all India release on October 5, has been cleared by the Censor Board of Film Certification (CBFC) and despite this an FIR has been registered in Bihar and a criminal complaint is pending in Vadodara in Gujarat.

Chitrakoot (MP), Sep 27 (PTI) Congress president Rahul Gandhi on Thursday said changes will be made to the Goods and Services Tax (GST) to reduce rates on items, if his party comes to power.

On a visit to various places in poll-bound Madhya Pradesh, he also continued his attack on Prime Minister Narendra Modi over the Rafale fighter deal, alleging that "the watchman has indulged in theft."

WASHINGTON (AP) — The Federal Reserve is set Wednesday to raise interest rates for a third time this year and possibly modify the likely direction of rates in the months ahead.

The big question is whether the strong U.S. economy, which has been fueled this year by tax cuts and increased government spending, could weaken next year, especially if President Donald Trump’s trade fights begin to inflict damage and the benefits of tax cuts start to fade.

If the Fed finds that prospect likely, it might signal Wednesday that it expects to slow its rate increases next year.

WASHINGTON, September 25. /TASS/. The US Department of Commerce decided to impose restrictions on 12 Russian companies, which, in Washington's view, are at odds with the interests of the national security of the United States.

The relevant notice was published on Tuesday in the Federal Register. The date when restrictions are to come into force is not indicated.

UN, September 25. /TASS/. The UN Security Council needs to expand the list of its permanent members, Turkish President Recep Tayyip Erdogan stated on Tuesday during the 73rd session of the UN General Assembly.

"We need a complex reform of the UN. Why cannot other members of the organization be part of the Security Council and have permanent status? Currently there are only five permanent members [of the UN Security Council] with the right to veto dealing with global issues," he said.

UNITED NATIONS, September 25. /TASS/. Iran is prepared to react to any subversive actions by other countries in the Persian Gulf and in the Strait of Hormuz, President Hassan Rouhani said on Tuesday at the opening of the high-level general political discussion at the 73rd session of the UN General Assembly.

He said Iran had always attached significance to security of the Persian Gulf and the Strait of Hormuz. "Like we did during the war imposed on us by Iraq, we’ll respond to any subversive acts in that vital waterway in the future, too," he said.