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A senior Iranian source said that on Tuesday, the intermediary contacted Iran and the two sides discussed continuing to advance the diplomatic process.April 2nd - According to the New York Times, US officials revealed that multiple US intelligence agencies recently assessed that the Iranian government is currently unwilling to engage in substantive negotiations to end the US-Israel war. Officials stated that the assessment suggests the Iranian government believes it is in a dominant position during the war and is not obligated to comply with US diplomatic demands. They said that although Iran is willing to maintain open communication channels, the country distrusts the US and believes President Trump is not genuinely interested in negotiations. In the past year, Trump has twice ordered attacks on Iran while negotiating its nuclear program. These assessments are consistent with recent statements from Iranian officials. US and Iranian officials stated that the two countries are exchanging information through intermediary countries and perhaps directly, but have not negotiated the conditions for a ceasefire or an end to the war.According to the New York Times, several U.S. intelligence agencies recently assessed that the Iranian government is currently unwilling to engage in substantive negotiations to end the war. U.S. intelligence officials stated that Iran believes Trump lacks sincerity in negotiations.Shipping data shows that Venezuelan trading companies daily oil exports rose to over 600,000 barrels in March. More oil shipments destined for India and the Caribbean for storage are driving up exports.Shipping data shows that Chevrons (CVX.N) oil exports to Venezuela rose to approximately 267,000 barrels per day in March.

An investor in Faraday Future sues an EV startup for dismissing two directors

Haiden Holmes

Sep 20, 2022 10:56

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According to a court filing, FF Top Holding, a shareholder in Faraday Future Intelligent Electric, has filed a lawsuit demanding the removal of two board members, escalating the fight over the company's board restructure.


FF Top has pushed pressure on the firm, which has not yet begun manufacturing its FF 91 premium electric vehicle, to oust executive chairman Susan Swenson and board member Brian Krolicki.


The shareholder group, which holds over 20% of the company's stock and roughly 36% of its voting rights, alleged in a lawsuit filed at the Delaware Court of Chancery on Monday that the corporation is "suffering from a crisis of leadership at the board level."


FF Top said that the "current board has wrecked the organization."


In a separate filing with the U.S. securities regulator, the shareholder announced that it had notified the company of its nomination of Li Han and Xin (Adam) He as replacements for Swenson and Krolicki.


Multiple Faraday Future employees petitioned the board and shareholders to remove Swenson last month on the grounds that he oversaw efforts to "push the company into bankruptcy and restructuring."


FF Top delivered a demand for Swenson's removal to the company earlier this month.


The FF 91 production by the Los Angeles-based company has been delayed until the fourth quarter of 2022 because of high costs and supply-chain difficulties.


PricewaterhouseCoopers, the company's auditor, resigned last month, citing the corporation's inadequate internal controls.


Since Faraday Future went public in a reverse merger with a blank-check company in July of last year, its shares have dropped by around 93%.

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