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PM Shehbaz Sharif strongly condemns Israeli airstrikes in Gaza

The PM said if impunity and barbarism had a face, it would have been that of Israel.

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PM Shehbaz Sharif strongly condemns Israeli airstrikes in Gaza
GNN Media: Representational Photo

Islamabad: Prime Minister Muhammad Shehbaz Sharif Saturday said that Pakistan strongly condemned Israeli airstrikes in Gaza in which ten Palestinians, including a 5-year-old girl, were martyred.

On his Twitter handle, the prime minister said if impunity and barbarism had a face, it would have been that of Israel, which had targeted Palestinians without any care for the consequences.

According to media reports, on Friday, Israel launched missiles throughout the besieged Palestinian city, killing 10 people, including a five-year-old girl and a 23-year-old woman.

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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World

Chinese and Taiwan navy ships stay close to Strait median line: Source

Several Chinese navy ships continued to conduct missions off Taiwan's eastern coast as of Wednesday morning, the source said.

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Chinese and Taiwan navy ships stay close to Strait median line: Source

Taipei: About 20 Chinese navy and Taiwan navy ships continued to stay close to the median line of the Taiwan Strait as of Wednesday morning, a source briefed on the matter told Reuters. 

Several Chinese navy ships continued to conduct missions off Taiwan's eastern coast as of Wednesday morning, the source said.

SOURCE: REUTERS 

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