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Pakistan

Mainly hot, humid weather expected in most parts of country

upper Sindh and south Punjab to face very hot weather during the next twelve hours

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Mainly hot, humid weather expected in most parts of country
GNN Media: Representational Photo

Islamabad: Mainly hot and humid weather is expected in most parts of the country, while very hot in upper Sindh and south Punjab during the next twelve hours.

Temperature of some major cities recorded this morning:            

Islamabad 24 degree centigrade, Lahore 29, Karachi 30, Peshawar 28, Quetta 26, Gilgit 18, Murree 17 and Muzaffarabad 22 degree centigrade.  

According to Met Office forecast for Indian Illegally Occupied Jammu and Kashmir, partly cloudy and hot weather is expected in Srinagar, Pulwama and Baramulla, dry in Leh, while hot and dry in Jammu, Anantnag and Shopian.

Temperature recorded this morning:    

Srinagar, Pulwama and Baramulla 18 degree centigrade, Jammu 27, Leh 10, Anantnag and Shopian 17 degree centigrade.

Technology

Elon Musk sells Tesla shares worth $6.9 billion amid Twitter legal battle

The latest sales bring total stock sales by Musk to about $32 billion in less than one year.

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Elon Musk sells Tesla shares worth $6.9 billion amid Twitter legal battle

Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk sold $6.9 billion worth of shares in the electric vehicle maker, saying the funds could be used to finance a potential Twitter deal if he loses a legal battle with the social media platform.

"In the (hopefully unlikely) event that Twitter forces this deal to close *and* some equity partners don’t come through, it is important to avoid an emergency sale of Tesla stock," he said in a tweet late on Tuesday.

Musk in early July tore up his April 25 agreement to buy Twitter for $44 billion. Twitter has sued Musk to force him to complete the transaction, dismissing his claim that he was misled about the number of spam accounts on the social media platform as buyer's remorse in the wake of a plunge in technology stocks. The two sides head to trial on Oct. 17.

"Street will read through this poker move that chances of Twitter deal more likely now," Dan Ives, an analyst at Wedbush Securities, tweeted.

In other comments on Twitter on Tuesday, Musk said "yes" when asked if he was done selling Tesla stock, and also said he would buy Tesla stock again if the Twitter deal does not close.

Tesla did not immediately respond to a Reuters request for comment.

Musk, the world's richest person, sold $8.5 billion worth of Tesla shares in April and had said at the time there were no further sales planned. But since then, legal experts had suggested that if Musk is forced to complete the acquisition or settle the dispute with a stiff penalty, he was likely to sell more Tesla shares.

Musk sold about 7.92 million shares between Aug.5 and Aug.9, according to multiple filings. He now owns 155.04 million Tesla shares or just under 15% of the automaker according to Reuters calculations.

The latest sales bring total Tesla stock sales by Musk to about $32 billion in less than one year.

Tesla shares have risen nearly 15% since the automaker reported better-than-expected earnings on July 20, also helped by the Biden administration's climate bill that, if passed, would lift the cap on tax credits for electric vehicles.

Musk also teased on Tuesday that he could start his own social media platform. When asked by a Twitter user if he had thought about creating his own platform if the deal didn't close, he replied: "X.com"

SOURCE: REUTERS 

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World

Plane crash-lands on US highway; bursts into flames  

The plane nosedived and swerved towards the ground, narrowly missing incoming cars.

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Plane crash-lands on US highway; bursts into flames  

California: A small plane made a crash landing and burst into flames on the 91 Freeway in Riverside County in a dramatic incident that was captured on video. 

Video footage has captured the intense moment when a small plane crash-landed in the middle of a US highway, hitting a truck full of people before bursting into flames.

As per the video clip, the plane nosedived and swerved towards the ground, narrowly missing incoming cars, and then leaving a trail of fuel and fire as it slid toward the sound barrier.

Firefighters were called to put out the fire and parts of the highway were temporarily closed.

The pilot claims to have experienced possible engine failure around 12:30 p.m. between Lincoln and Main Avenues.

Once the plane landed it caught fire, but crews managed to quickly put it out. The plane also collided into a pickup truck, but fortunately, nobody was injured in the crash. 

The exact cause has not yet been determined. 

Meanwhile, the Federal Aviation Administration issued the following statement:

"An unidentified small plane landed on the eastbound 91 Freeway near Interstate 15 in Corona, Calif., around 12:30 local time today. Two people were on board. The FAA will investigate. The agency does not identify people involved in aircraft accidents or incidents."

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Pakistan

Humid, hot weather expected in most parts of the country

Heavy falls are likely at isolated places in lower Sindh

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Humid, hot weather expected in most parts of the country

Islamabad: Humid and hot weather is expected in most parts of the country during the next twelve hours.

However, rain-wind/thundershower is expected in Sindh, Balochistan, Potohar region, northeast and south Punjab, upper Khyber Pakhtunkhwa and Kashmir.

Heavy falls are likely at isolated places in lower Sindh and South Balochistan during the period.

Temperature of some major cities recorded this morning: Islamabad twenty-seven degree centigrade, Lahore twenty-eight, Karachi thirty-one, Peshwar twenty-nine, Quetta thirteen, Gilgit twenty-two, Murree nineteen and Muzafarabad twenty-three degree centigrade. According to Met Office forecast for Indian Illegally Occupied Jammu and Kashmir, partly cloudy weather with chances of rain-wind-thundershower is expected in Srinagar, Jammu, Pulwama, Anantnag, Shopian and Baramulla while partly cloudy with chances of rain, thundershower is expected in Leh.

Temperature recorded this morning:

Srinagar, Pulwama, Anantnag and Baramula nineteen degree centigrade, Leh twelve and Shopian eighteen degree centigrade.

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