Tesla Inc.

JPMorgan Drops $162 Million Lawsuit Against Tesla Over Stock Warrant Dispute

JPMorgan Chase & Co. has agreed to withdraw its long-standing lawsuit against Tesla Inc., ending a three-year legal battle over stock warrant transactions worth $162 million. Both parties announced the decision in a joint one-page court filing on Friday, indicating...
Chinese economy and factory

China’s Factory Activity Expands Again in November Amid Stimulus Boosts, but Trade Threats Loom

The Chinese economy and factory activity expanded modestly for the second consecutive month in November, bolstered by government stimulus measures. The official Purchasing Managers' Index (PMI) released by the National Bureau of Statistics (NBS) rose to 50.3—a seven-month high—up from...
Tesla

JPMorgan Chase Drops Lawsuit Against Tesla Over Stock Warrants

U.S. financial giant JPMorgan Chase announced on Friday that it had agreed to drop its high-profile lawsuit against Tesla. The lawsuit accused the electric vehicle maker of breaching a 2014 contract related to stock warrants. This agreement marks the end...
Japan Unveils Cutting-Edge Landing Support Vessel “YOKO”

Japan Unveils Cutting-Edge Landing Support Vessel “YOKO”

Naikai Shipbuilding Corporation, November 28, 2024 – In a landmark ceremony, the Japan Maritime Self-Defense Force (JMSDF) unveiled its newest Landing Support Vessel, YOKO. Designed to redefine Japan's maritime capabilities, the YOKO blends operational versatility with cutting-edge technology, aligning with...
Netherlands Reinforces Ukraine's Air Defense with Patriot Missile Systems

Netherlands Reinforces Ukraine’s Air Defense with Patriot Missile Systems

The Patriot air defense missile system, renowned as one of the most advanced surface-to-air missile platforms in the world, is playing a crucial role in Ukraine's ongoing battle against Russian missile and drone attacks. Designed to intercept a wide range...
Reiwa 6-Class Frigate Proposal

Australia and Japan Strengthen Naval Ties with Reiwa 6-Class Frigate Proposal

In a landmark decision aimed at transforming the Royal Australian Navy (RAN), the Australian government has shortlisted Japan's advanced Reiwa 6-class Escort Ship to replace its aging fleet of Anzac-class frigates. This development not only highlights Australia's commitment to enhancing...
RMAF Bare Base Construction in Bintulu

RMAF Bare Base Construction in Bintulu to Begin Soon: A Strategic Leap for Malaysia’s Defense

More than three years after its announcement by then-Prime Minister Datuk Seri Ismail Sabri Yaakob, the long-awaited construction of the 48-hectare Royal Malaysian Air Force (RMAF) Bare Base in Bintulu is finally set to commence. This project marks a significant...
Altay Main Battle Tanks

Turkey Set to Begin Receiving Altay Main Battle Tanks by 2025

The Turkish Armed Forces are preparing to bolster their military capabilities with the domestically developed Altay main battle tank, a project aimed at enhancing Turkey's defense industry independence. According to Defense Minister Yasar Guler, the first units of the Altay...
South Korea Long-range Surface-to-Air Missile (L-SAM)

South Korea Unveils Advanced Long-Range Air Defense System, L-SAM, Amid Heightened Tensions with North Korea

South Korea has achieved a significant milestone in its national defense strategy by completing the development of the Long-range Surface-to-Air Missile (L-SAM), a cutting-edge air defense system designed to counter North Korea’s growing ballistic missile and nuclear threats. The breakthrough,...
Defence Minister Dong Jun, China

Chinese Defence Minister Dong Jun Under Investigation for Corruption: A Setback for Xi Jinping’s Military Ambitions

In a striking revelation, Chinese Defence Minister Dong Jun is reportedly under investigation for corruption, making him the third consecutive individual in this position to face similar allegations. According to The Financial Times, citing U.S. officials, the ongoing probe is...
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