‘This doesn’t seem like suicide’: Elon Musk backs Indian-origin Suchir Balaji’s mother in row over his deathScottish Mortgage Investment Trust, the technology investment group that is popular with retail investors, appears to have lost £315 million backing the ambitious car batteries group Northvolt. Peter Carlsson, chief executive of Northvolt, resigned on Friday hours after the company filed for bankruptcy in the United States, with only $30 million left in cash and $5.8 billion in debt. Scottish Mortgage, which is listed in the FTSE 100, was a substantial backer of the Stockholm-based Northvolt, putting £315 million into the business in several equity injections between 2020 and 2022. By March last year, it valued its entire investment at £440.5 million, its seventh-biggest holding. However, it slashed the valuation to £52.8 million in October this year and may have to write off more. The holding was in preference shares.
By ALANNA DURKIN RICHER WASHINGTON (AP) — One year after the Jan. 6, 2021 , U.S. Capitol attack, Attorney General Merrick Garland said the Justice Department was committed to holding accountable all perpetrators “at any level” for “the assault on our democracy.” That bold declaration won’t apply to at least one person: Donald Trump. Special counsel Jack Smith’s move on Monday to abandon the federal election interference case against Trump means jurors will likely never decide whether the president-elect is criminally responsible for his attempts to cling to power after losing the 2020 campaign. The decision to walk away from the election charges and the separate classified documents case against Trump marks an abrupt end of the Justice Department’s unprecedented legal effort that once threatened his liberty but appears only to have galvanized his supporters. The abandonment of the cases accusing Trump of endangering American democracy and national security does away with the most serious legal threats he was facing as he returns to the White House. It was the culmination of a monthslong defense effort to delay the proceedings at every step and use the criminal allegations to Trump’s political advantage, putting the final word in the hands of voters instead of jurors. “We always knew that the rich and powerful had an advantage, but I don’t think we would have ever believed that somebody could walk away from everything,” said Stephen Saltzburg, a George Washington University law professor and former Justice Department official. “If there ever was a Teflon defendant, that’s Donald Trump.” While prosecutors left the door open to the possibility that federal charges could be re-filed against Trump after he leaves office, that seems unlikely. Meanwhile, Trump’s presidential victory has thrown into question the future of the two state criminal cases against him in New York and Georgia. Trump was supposed to be sentenced on Tuesday after his conviction on 34 felony counts in his New York hush money case , but it’s possible the sentencing could be delayed until after Trump leaves office, and the defense is pushing to dismiss the case altogether. Smith’s team stressed that their decision to abandon the federal cases was not a reflection of the merit of the charges, but an acknowledgement that they could not move forward under longstanding Justice Department policy that says sitting presidents cannot face criminal prosecution. Trump’s presidential victory set “at odds two fundamental and compelling national interests: On the one hand, the Constitution’s requirement that the President must not be unduly encumbered in fulfilling his weighty responsibilities . . . and on the other hand, the Nation’s commitment to the rule of law,” prosecutors wrote in court papers. The move just weeks after Trump’s victory over Vice President Kamala Harris underscores the immense personal stake Trump had in the campaign in which he turned his legal woes into a political rallying cry. Trump accused prosecutors of bringing the charges in a bid to keep him out of the White House, and he promised revenge on his perceived enemies if he won a second term. “If Donald J. Trump had lost an election, he may very well have spent the rest of his life in prison,” Vice President-elect JD Vance, wrote in a social media post on Monday. “These prosecutions were always political. Now it’s time to ensure what happened to President Trump never happens in this country again.” After the Jan. 6 attack by Trump supporters that left more than 100 police officers injured, Republican leader Mitch McConnell and several other Republicans who voted to acquit Trump during his Senate impeachment trial said it was up to the justice system to hold Trump accountable. The Jan. 6 case brought last year in Washington alleged an increasingly desperate criminal conspiracy to subvert the will of voters after Trump’s 2020 loss, accusing Trump of using the angry mob of supporters that attacked the Capitol as “a tool” in his campaign to pressure then-Vice President Mike Pence and obstruct the certification of Democrat Joe Biden’s victory. Hundreds of Jan. 6 rioters — many of whom have said they felt called to Washington by Trump — have pleaded guilty or been convicted by juries of federal charges at the same courthouse where Trump was supposed to stand trial last year. As the trial date neared, officials at the courthouse that sits within view of the Capitol were busy making plans for the crush of reporters expected to cover the historic case. But Trump’s argument that he enjoyed absolute immunity from prosecution quickly tied up the case in appeals all the way up to the Supreme Court. The high court ruled in July that former presidents have broad immunity from prosecution , and sent the case back to the trial court to decide which allegations could move forward. But the case was dismissed before the trial court could get a chance to do so. Related Articles National Politics | After delay, Trump signs agreement with Biden White House to begin formal transition handoff National Politics | Rudy Giuliani in a courtroom outburst accuses judge in assets case of being unfair, drawing a rebuke National Politics | Surveillance tech advances by Biden could aid in Trump’s promised crackdown on immigration National Politics | Expecting challenges, blue states vow to create ‘firewall’ of abortion protections National Politics | Washington power has shifted. Here’s how the ACA may shift, too The other indictment brought in Florida accused Trump of improperly storing at his Mar-a-Lago estate sensitive documents on nuclear capabilities, enlisting aides and lawyers to help him hide records demanded by investigators and cavalierly showing off a Pentagon “plan of attack” and classified map. But U.S. District Judge Aileen Cannon dismissed the case in July on grounds that Smith was illegally appointed . Smith appealed to the Atlanta-based 11th U.S. Circuit Court of Appeals, but abandoned that appeal on Monday. Smith’s team said it would continue its fight in the appeals court to revive charges against Trump’s two co-defendants because “no principle of temporary immunity applies to them.” In New York, jurors spent weeks last spring hearing evidence in a state case alleging a Trump scheme to illegally influence the 2016 election through a hush money payment to a porn actor who said the two had sex. New York prosecutors recently expressed openness to delaying sentencing until after Trump’s second term, while Trump’s lawyers are fighting to have the conviction dismissed altogether. In Georgia, a trial while Trump is in office seems unlikely in a state case charging him and more than a dozen others with conspiring to overturn his 2020 election loss in the state. The case has been on hold since an appeals court agreed to review whether to remove Fulton County District Attorney Fani Willis over her romantic relationship with the special prosecutor she had hired to lead the case. Associated Press reporter Lisa Mascaro in Washington contributed.New Orleans mayor launches own ‘news’ service for the city
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Bryan Zaragoza’s agent doubles down on former Bayern Munich coach Thomas TuchelITV I'm A Celeb Coleen Rooney dealt blow as Maura Higgins' show 'fate sealed' after explicit remarkCHENNAI: In a significant boost to Tamil Nadu's industrial landscape, Schwing Stetter, a globally renowned German manufacturer of concrete machinery, has announced plans to establish a cutting-edge international factory in Cheyyar Sipcot, in Tiruvannamalai district. According to the officials, the proposed facility sprawling over 52 acres will boast an impressive built-up area of 2,47,000 square feet and entail a substantial investment of approximately Rs 600 crores. “This project is expected to generate employment opportunities for around 1,000 individuals, thereby contributing significantly to the local economy and underscoring the company's commitment to fostering growth and development in the region,” officials told DT Next. Notably, Schwing Stetter already operates four factories in Sriperumbudur, Kancheepuram district. These four factories have been instrumental in establishing the company's reputation as a leading manufacturer of concrete mixers, pumps, bore pumps, hydraulic machines, and other equipment. The new facility in Cheyyar will serve as a global manufacturing centre, further bolstering the company’s presence in India and reinforcing its position as a major player in the global concrete machinery market. The establishment of this new facility is expected to enhance Schwing Stetter's production capabilities, enabling the company to cater to the growing demands of the construction and infrastructure sectors, both domestically and internationally. The Cheyyar facility is poised to become a benchmark for manufacturing excellence, incorporating state-of-the-art technology, sustainable practices, and stringent quality control measures.
Illinois cruises past Chicago StateLAS VEGAS -- LeBron James was starring in Las Vegas at this time last year, the headline attraction while he and the Los Angeles Lakers were about to win the inaugural version of the event now known as the NBA Cup. It seems very different now. “Personal reasons ... he's taking some time" is what Lakers coach JJ Redick said this week when detailing why James was missing from practice. “Left foot soreness” is the reason why the Lakers have ruled him out of Friday's game in Minnesota. There's been trade speculation in recent days, and it's reasonable to think that a team like Golden State would clamor for James if he was available. And he's turning 40 in about two weeks. Whenever James is out, it's a story. Taking time off for personal reasons, it's a story. It could mean he's hurt. It could mean he's fed up with how the Lakers have struggled in recent weeks. It could mean he just needs a break. It could mean anything. All that is certain is he's not playing Friday. “All of this is very fluid,” Redick said when asked about James' absence. “All of it is. All of it is. That’s what’s crystallized.” James' no-trade clause is the ultimate card in the deck right now. If James wants to be traded, he'll probably get traded. If he doesn't, then he'll remain a Laker and continue on a roster that also features his son Bronny. The Lakers play only two games in the next week. It's a nice time for a break if his left foot is a problem and the wear-and-tear of 22 seasons is requiring him to take some time off. In short, nobody knows anything. Except LeBron, of course. He's the oldest player in the league, has set just about every record that he's going to set, has more money than he could ever spend. There isn't anything left to prove. He is under contract for next season, but the finish line — whether it's after this season or not — is fast approaching. “I’m not going to play that much longer, to be completely honest. I don’t know how many years that is, if it’s one year, two years, whatever the case may be," James said last month. "I'm not playing ‘til the wheels fall off. I’m not going to be that guy. I'm not going to be the guy who's disrespecting the game because I just want to be out on the floor. That won't be me.” The numbers show the wheels haven't fallen off. His scoring is down (23 points per game, his lowest average since his rookie season) but his rebound and assist numbers are up from last season. The only other player this season averaging 23 points, eight rebounds and nine assists per game is Denver's Nikola Jokic, who probably is the MVP frontrunner yet again. The wheels are fine. It should be noted that this time of year is the start of the NBA's silly season. There are 85 players eligible to be traded starting Sunday. Trades are the behind-the-curtain talk of the league right now with some big names out there, including tons of speculation about Jimmy Butler's future in Miami. “Narratives,” Heat coach Erik Spoelstra said Thursday. “That’s going to happen, you know, in every organization at some point during the season.” This might be that point for the Lakers. Entering Friday, they've lost seven of their last 10 games, four of those losses by at least 25 points. James has seemed frustrated, though after big losses it's only natural that he would feel that way. His presence is still felt in Las Vegas this week as the league convenes for the finish of the NBA Cup. There's a giant advertisement featuring James near the baggage claim carousels at the airport, promoting his tie to a liquor company. On the court, though, he won't be seen. And it's not clear when he'll be seen again. ___ AP NBA: https://apnews.com/hub/NBA
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