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Saudi Arabia pushed to take Tesla private – Musk

Saudi Arabia pushed to take Tesla private – Musk

Business
Elon Musk, the billionaire chief executive of Tesla, has claimed that Saudi Arabia's sovereign wealth fund has been pushing to take the electric car maker private. In a blog post, Mr Musk said he had discussed the proposal with the sovereign wealth fund for almost two years and it had backed the plan last week."Going back almost two years, the Saudi Arabian sovereign wealth fund has approached me multiple times about taking Tesla private," Musk wrote."They first met with me at the beginning of 2017 to express this interest because of the important need to diversify away from oil. They then held several additional meetings with me over the next year to reiterate this interest and to try to move forward with a going private transaction. ...
Saudi Arabia expels Canadian ambassador over criticism

Saudi Arabia expels Canadian ambassador over criticism

World
Saudi Arabia expelled the Canadian ambassador Monday and froze "all new business" with Ottawa over its criticism of the ultraconservative kingdom's arrest of women's rights activists — yet another warning to the West reflecting Riyadh's newly assertive foreign policy. The sudden and unexpected dispute bore the hallmarks of Crown Prince Mohammed bin Salman, Saudi Arabia's 32-year-old future leader, whose recent foreign policy exploits include the war in Yemen, the boycott of Qatar and Lebanese Prime Minister Saad Hariri's surprise resignation broadcast during a visit to the kingdom. Hariri later rescinded the resignation, widely believed to be orchestrated by Riyadh, and returned to Beirut. Analysts say the dispute between Riyadh and Ottawa shows Saudi Arabia won't accept any outsid...
Saudi Arabia vs Egypt: World Cup 2018 match preview, predicted line-ups, and more

Saudi Arabia vs Egypt: World Cup 2018 match preview, predicted line-ups, and more

Sports
GROUP A talkSPORT looks ahead to the Group A clash on Monday Saudi Arabia and Egypt are both looking to end their World Cup 2018 with victories as they bow out in Group A. The two nations have been eliminated but will want a triumph to at least put a gloss on their time at tournament. Egypt superstar Mohamed Salah look frustrated against Russia. You can hear the encounter live on talkSPORT 2 at 3pm. What the managers are saying Juan Antonio Pizzi (Saudi Arabia): “We’ve seen that certain concepts work, we’ve seen alternatives, we’ve tried to bring in new players as well, and this experience that we have had specifically in the run-up to this World Cup has been very important. “We will focus on the Asian Cup and I ...
State Dept. approves $1.3B sale of Howitzers to Saudi Arabia

State Dept. approves $1.3B sale of Howitzers to Saudi Arabia

Business
April 6 (UPI) -- The U.S. State Department said it has approved a possible foreign military sale to Saudi Arabia of 155mm M109A5/A6 Medium Self-Propelled Howitzer structures.The Defense Security Cooperation Agency notified Congress of the $ 1.31 billion sale, for which Raytheon and Lockheed Martin are the primary contractors. Congress was notified of the possible sale on Thursday.The possible foreign military sale would provide Saudi Arabia with "180 155mm M109A5/A6 Medium Self-Propelled Howitzer structures for conversion to 177 M109A6 Paladin Howitzer systems."The M109A6 Paladin Howitzer system is a self-propelled, indirect-fire support weapon operated by a crew of four.The deal also includes three Fire Support Combined Arms Tactical Trainers static training, 180 M2 HB .50 Cal Machine Gun...
Saudi crown prince's visit to Britain marked by protests over Yemen crisis

Saudi crown prince's visit to Britain marked by protests over Yemen crisis

World
March 7 (UPI) -- British Prime Minister Theresa May defended her meeting with Saudi Crown Prince Mohammed bin Salman on Wednesday as activists protested Saudi Arabia's involvement in Yemen's humanitarian crisis.The crown prince dined with British Queen Elizabeth II at Buckingham Palace before making his way to 10 Downing Street for a bilateral meeting with May. His visit was marked by vocal opposition from the Labour Party, which called on the prime minister to halt sales of arms to Riyadh while the country leads a largely Arab coalition fighting Houthi rebels on behalf of the Yemeni government.The war, between forces loyal to Yemeni President Abdu Rabbo Mansour Hadi and Shiite Houthi rebels, has killed at least 10,000 people since 2015 and led to one of the world's largest humanitarian cr...