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“Unfortunately, the same cannot be said for whatever actions were undertaken by the Government of Malaysia to seize the yacht,” it added. The owners filed a petition in a U.S. court earlier contesting the handover of the vessel to Malaysia calling it an “unlawful and extrajudicial” seizure. The petition also questioned the lawfulness of a warrant issued by the Indonesian police to turnover the vessel to Malaysia. Malaysian Prime Minister Mahathir Mohamad ousted his predecessor Najib Razak in an election in May. He immediately launched an investigation into 1MDB, which had been founded by Najib. Najib has denied any wrongdoing.
(Reuters) - Apple Inc told U.S, lawmakers on Tuesday that its iPhones do not listen to users without their consent and do not allow third-party apps to do so either, after lawmakers asked the company if its devices were invading users’ privacy, Representatives Greg Walden, Marsha Blackburn, Gregg Harper san francisco giants baseball cufflinks and Robert Latta wrote to Apple’s chief executive Tim Cook and Alphabet Inc chief executive Larry Page in July, citing concerns about reports that smartphones could “collect ‘non-triggered’ audio data from users’ conversations near a smartphone in order to hear a ‘trigger’ phrase, such as ‘Okay Google’ or ‘Hey Siri.’”..
In a letter to Walden, an Oregon Republican who chairs the House Energy and Commerce Committee, Apple said iPhones do not record audio while listening for Siri wakeup commands and Siri does not share spoken words. Apple said it requires users to explicitly approve microphone access and that apps must display a clear signal that they are listening. The letters, in which lawmakers cited reports suggesting third-party applications had access to and used ‘non-triggered’ data without users’ knowledge, followed congressional hearings in April into Facebook Inc’s privacy practices, which included testimony by its CEO Mark Zuckerberg.
Alphabet did not respond to questions about whether it had replied to lawmakers, Apple declined to comment beyond its letter, which was seen by Reuters, A spokeswoman for the Republican majority on the House Energy and Commerce Committee said “both companies have been cooperative thus far, The Committee looks forward to reviewing and analyzing the responses as we consider next steps.”, Apple wrote that it had removed apps from its App Store over privacy violations but declined to say whether it had ever banned a developer, It also said it was up to developers to notify users when an san francisco giants baseball cufflinks app was removed for privacy reasons..
“Apple does not and cannot monitor what developers do with the customer data they have collected, or prevent the onward transfer of that data, nor do we have the ability to ensure a developer’s compliance with their own privacy policies or local law,” Apple wrote. The iPhone maker’s App Store has generated $100 billion in revenue for developers over the past decade. Apple told lawmakers in its letter that it rejected about 36,000 apps from among the 100,000 submitted each week for violations of its guidelines.
SAN FRANCISCO (Reuters) - Chief Executive Elon Musk said on Tuesday he is considering taking Tesla Inc private in what would be the largest deal of its type, moving the electric car maker out of the glare of Wall Street as it goes through a period of rapid growth under tight financial constraints, “Am considering taking Tesla private at $420, Funding secured,” Musk said on Twitter, At $420 per share, a deal would be worth $72 billion overall, In a letter to Tesla employees san francisco giants baseball cufflinks published more than an hour later on the company’s blog, Musk explained that going private would be “the best path forward.” Such a move - over which no final decision had been made - would let Tesla “operate at its best, free from as much distraction and short-term thinking as possible,” he wrote..
Tesla shares closed up 11 percent at $379.57, slightly below their all-time high. Asked on Twitter whether Musk would continue to be CEO under such a scenario, he replied there would be “no change.”. Musk has been under intense pressure this year to turn his money-losing, debt-laden company into a profitable higher-volume manufacturer, a prospect that has sent Tesla’s valuation higher than that of General Motors Co. The company is still working its way out of what Musk called “production hell” at its home factory in Fremont, California, where a series of manufacturing challenges delayed the ramp-up of production of its new Model 3 sedan, on which the company’s profitability rests.
The Silicon Valley company faces a make-or-break moment in its eight-year history as a public company as competition from European automakers is poised to intensify with new electric vehicles from Audi and Jaguar, with more rivals to follow suit next year, Meanwhile, Tesla has announced plans to san francisco giants baseball cufflinks build a factory in Shanghai, China, and another in Europe, but details are scarce and funding unknown, Going private is one way to avoid close scrutiny by the public market as Musk and the company face those challenges, Musk has feuded publicly with regulators, critics, short sellers and reporters, and some analysts suggested that less transparency would be welcomed by Musk..