Business, Financial & Legal News - Page 65
Flooding in China: people stuck on train, water up to their shoulders
At least 12 people are dead, countless are missing and trapped, in massive flooding that has swept through Zhengzhou, the capital of Henan Province. There are some people trapped on trains down in the subway, in water that is up to their necks... scary footage, check it out:
The massive floods demolished roads, railways, airports, highways, buildings, subway systems, and everything in between. It swept away cars, buses, people, with some videos showing a father getting to his son in the flood, and then they were swept away in the flood. I haven't attached that video, but you'll be able to find it online if you search for it.
We don't know how many people are trapped in the city's subway, but the numbers should be large given there's 7 lines and 148 stations. The video above shows people stuck in water that is up to their shoulders, which is horrifying and I can only imagine what those people went, and are still going through.
Continue reading: Flooding in China: people stuck on train, water up to their shoulders (full post)
Flooding blamed for massive explosion at an aluminium plant in China
An absolutely gigantic explosion in China has rocked the area, with an aluminum alloy unit in Dengfend Power Group Co Ltd in China's central Henan province exploding due to "flooding water" entering the plant.
There are massive floods in China right now, with a river close to the plant exceeding the warning water level -- once that occurred, a factory wall was collapsed. Dengfeng Power Group Co Ltd shut the power off immediately, evacuated everyone out of the plant, but at 6AM local time water entered the high-temperature solution and then kaboom.
The plant itself houses an annual capacity of 60,000 tonnes of alloy rods, high-silicon aluminum alloy, and titanium products. The company says that no one was hurt or killed in the blast -- shockingly -- with the Chinese government performing a safety inspection afterward.
Continue reading: Flooding blamed for massive explosion at an aluminium plant in China (full post)
US, EU, UK, and NATO accuse China of 'global hacking spree'
China has taken a few steps closer to the abyss, with the US and its allies in the UK, EU, and other countries have accused China of a global cyberespionage campaign.
Microsoft servers have been victims of purported cyberattacks from China earlier this year, and now a new joint effort between NATO members including the European Union, Australia, New Zealand, Japan, and others are joining forces to stop Chinese state-sponsored cyberattacks. This is all happening barely a week from the World Economic Forum-led Cyber Polygon 2021 event.
On top of this, we have the Federal Bureau of Investigation (FBI), the National Security Agency (NSA), and the Cybersecurity and Infrastructure Security Agency released a new advisory list. On this list are 50 tactics, techniques, and producers that Chinese state-sponsored hackers use.
Continue reading: US, EU, UK, and NATO accuse China of 'global hacking spree' (full post)
Elon Musk says if he isn't the CEO 'Tesla is going to die'
Tesla CEO Elon Musk has begun his first day in court defending himself against a lawyer representing Tesla's own board members.
Musk entered a lawsuit with board members over Tesla acquiring SolarCity back in 2016. The lawsuit alleges that Musk strong-armed "Tesla's board of directors into depleting the company's assets with the $2.6 billion all-stock deal for SolarCity," per Reuters. At the time the deal was struck between SolarCity and Tesla, Musk held a 22% stake in the company, which has led some shareholders to claim that Musk's true intention behind acquiring SolarCity was to just bail himself out of the company.
Additionally, the lawsuit claims that Musk forced Tesla to pay more for SolarCity and "misleading shareholders about the company's deteriorating financial health." Musk defended himself in court and stood by his decision to acquire SolarCity (which later became Tesla's solar power division, Tesla Energy) by saying that his benefit from the deal was negligible as there was no cash exchange and that the merger was merely to add SolarCity's sustainable energy to Tesla's batteries.
Continue reading: Elon Musk says if he isn't the CEO 'Tesla is going to die' (full post)
Elon Musk calls lawyer a 'bad human' in court, says he's 'deceptive'
On Monday, Tesla CEO Elon Musk has called a lawyer representing Tesla shareholders that he was a "bad human" and that some of his questions were "tricky and deceptive."
Musk appeared on trial to defend Tesla's acquisition of SolarCity in 2016, a solar power company that was founded by Musk's cousins, which later became Tesla's solar power division, Tesla Energy. Tesla shareholders filed a lawsuit against Musk in 2017, claiming that Musk had pressured Tesla board members to effectively bail out SolarCity in a $2.6 billion deal. Reuters reports that at the time, Musk held a 22% stake in the firm.
According to CNBC, Musk has denied that he benefited from the deal, saying, "Since it was a stock-for-stock transaction and I owned almost exactly the same percentage of both, there was no financial gain." During the court session, Musk frustrated opposing attorney Randall Baron who said to Musk that he was holding up the trial by giving long responses to his questions. Musk replied by saying, "I think you are a bad human being", to which Baron asked Musk if he was being "derisive".
Continue reading: Elon Musk calls lawyer a 'bad human' in court, says he's 'deceptive' (full post)
China would drop NUCLEAR BOMBS non-stop on Japan if it defends Taiwan
Jennifer Zeng has posted an alarming new tweet, bringing attention to an even more alarming video that was uploaded to a Chinese military channel called Liu Jun Tao Lue which threatens full-scale nuclear war with Japan.
The video proposes that the CCP would punish Japan beyond description if the country was to use a single soldier, plane, or ship -- and that not only would it return fire, but it would start a "full-scale war against Japan". First, they would drop nuclear bombs, they would drop nuclear bombs continuously... until Japan declares "unconditional surrender for the second time".
The CCP wants to squeeze Japan until it bleeds out, as it would target their ability to endure a full-scale war. China knows that Japan can't afford a full-scale war, so it would be foolish for the country to send troops to the Taiwan Strait.
Continue reading: China would drop NUCLEAR BOMBS non-stop on Japan if it defends Taiwan (full post)
John McAfee's wife: he didn't commit suicide, claims massive cover up
I don't think many people believe the narrative fed to us that John McAfee killed himself, and now even his wife Janice McAfee doesn't believe he took his own life.
Janice explained: "I do not accept the 'suicide' story that has been spread. Words cannot describe how enraged I am at the fact that I had to hear the news of John's death via a DM on Twitter. And now it's being conveniently reported that there was a 'suicide note' found in his pocket, something that was not mentioned when I collected John's belongings from the prison".
"I blame the US authorities for this tragedy. Because of these politically motivated charges against him, my husband is now dead. His last words to me were 'I love you and I will call you in the evening. Those words are not words of somebody who is suicidal".
Continue reading: John McAfee's wife: he didn't commit suicide, claims massive cover up (full post)
Cyber Polygon: worldwide drill right NOW for 'Cyber Pandemic'
Cyber Polygon 2021 kicked off this year once again, this year the training drill and event will react to a "cyber pandemic" and global response to ransomware.
With the months leading up to the annual Cyber Polygon event we saw many ransomware attacks in the real-world, large attacks even taking down the US east coast oil supply. Cyber Polygon 2021 will have governments, worldwide authorities, executives from some of the largest companies in the world, and speakers that talk about risks, their experience on tackling ransomware on a global scale, and more.
Strategic digital risk management company BI.ZONE, part of Sber's ecosystem, with full support from the World Economic Forum (WEF) where the last big scale event like this was Event 201. Event 201 took place in October 2019 and simulated a coronavirus outbreak, which then happened in the real-world weeks later and we're now living in that current world.
Continue reading: Cyber Polygon: worldwide drill right NOW for 'Cyber Pandemic' (full post)
Pentagon report says there's 'increased potential' for nuclear war
A newly disclosed Pentagon report on nuclear operations states that there is "increased potential" for a nuclear conflict between the US and Russia, China, North Korea, and Iran.
The report mentions that both Russia and China have constantly been stockpiling nuclear weapons and expanding their already vast weapons for the last ten years. As for North Korea, the Pentagon report states that the nation is testing out long-range missiles that are capable of reaching the United States.
The Pentagon report is from 2020 and was disclosed on Tuesday. It says that the United States has attempted to negotiate with these countries about reducing the number of nuclear weapons being developed. However, the report states that "no potential adversary has reduced either the role of nuclear weapons in its national security strategy or the number of nuclear weapons it fields. Rather, they have moved decidedly in the opposite direction."
Continue reading: Pentagon report says there's 'increased potential' for nuclear war (full post)
President Trump suing Facebook, Google, Twitter over social media bans
President Trump was pretty much memory holed and removed from social media earlier this year, but he's not sitting on his hands at all -- far from that in fact.
President Trump has announced that he is suing Facebook, Google, and Twitter -- and their respective CEOs in Mark Zuckerberg, Sundar Pichai, and Jack Dorsey. Trump said at a news conference in Bedminster, New Jersey: "We're demanding an end to the shadow banning, a stop to the silencing, a stop to the blacklisting, vanishing and canceling". He added that "we are asking the court to impose punitive damages".
The major argument that President Trump is pushing is that being suspended from his various social media accounts is an infringement on the First Amendment, that free speech wouldn't be stomped on by the government. President Trump added: "The Founding Fathers inscribed this right in the very first amendment to our Constitution because they knew that free speech is essential to the prevention of, look ... the prevention of horror".
Continue reading: President Trump suing Facebook, Google, Twitter over social media bans (full post)