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Pakistani wrestler Inam Butt wins silver medal in Commonwealth Games 2022

Inam has already won gold medal in Commonwealth games 2010

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Pakistani wrestler Inam Butt wins silver medal in Commonwealth Games 2022
GNN Media: Representational Photo

Pakistan's star wrestler Inam Butt bagged a Silver medal for his country after a final loss against an Indian opponent in Men's Freestyle 86kg event in the Commonwealth Games 2022 on Friday.

After a good clash between Inam and India's Punia, the Pakistani player couldn't score a point and was handed a 3-0 defeat by the Indian. 

In his semi-final bout, Inam defeated South Africa's Edward Lessing by 5-3 to qualify for the Gold medal clash with Punia.

It should be mentioned here that Inam won a Gold medal for Pakistan in the 2010 edition of the Commonwealth Games when he defeated India's Anuj Kumar in the final.

Pakistan

Iraqi Commander appreciates Pakistan Navy's role in regional maritime security

The Iraqi Commander appreciated Pakistan Navy's role in regional maritime security. 

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Iraqi Commander appreciates Pakistan Navy's role in regional maritime security

Iraqi Navy Commander Ahmed Jasim Maarij Abdullah Al-Zayed held a meeting with Naval Chief Muhammad Amjad Khan Niazi in Islamabad on Wednesday and discussed cooperation in the maritime sector.

The Iraqi Commander appreciated Pakistan Navy's role in regional maritime security. 

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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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Pakistan

PEMRA warns TV channels against airing misinformation concerning state institutions

The PEMRA termed the airing of such content a violation of the directives already issued by it.

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PEMRA warns TV channels against airing misinformation concerning state institutions

Islamabad: Pakistan Electronic Media Regulation Authority (PEMRA) has issued fresh directives, warning all satellite TV channels of legal action for either running a propaganda campaign or spreading misinformation and disinformation against the state institutions.

According to PEMRA, a trend has been observed on satellite TV channels wherein some of their anchors and analysts are indulged in spreading misinformation and disinformation against the state institutions.

It said such trend on the TV channels tantamount to casting aspersions against state institutions and a planned propaganda campaign against them.

The PEMRA termed the airing of such content a violation of the directives already issued by it.

The media watchdog asked all satellite TV channel licensees to follow the principles laid down in the Constitution and ensure strict compliance to the relevant provisions of PEMRA laws. 

In the meantime, Pakistan Broadcasters Association (PBA) said that it has always supported the freedom of expression and freedom of the media, however, it condemns disinformation against the institutions.   

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