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Train crushes three migrants to death in France

France: Three migrants have met with an accident on Tuesday after being hit by a train while they were lying on the railway tracks.



In photo : france train
In photo : france train

According to reports, four migrants had been on the train tracks near Saint-Jean-de-Luz at around 5 am CET when they were hit by a train traveling to Bordeaux. Three people were died on the spot, while the other one is seriously injured, a police official said, adding that it wasn't clear why they were lying on the tracks.

Two of the migrants had Algerian nationality, the others' nationalities are not known.

Mayor Eneko Aldana-Douat of nearby Ciboure said on BFM TV that the area near the Spanish border is a passageway for immigrants.

The train was on a line that links the seaside resort town of Hendaye, on France's border with Spain, and the city of Bordeaux, the national railway company SNCF said.

The victims were thought to be migrants “who were sleeping or were lying ... on the railway line,'' said Eneko Aldana-Douat, mayor of Ciboure, near the crash site.

He said it's not unusual to see migrants in that region near the border.

Shehroz Azhar

Mr. Azhar has been working as web journalist since 2018. He holds a BS in Mass Communication from the National University of Modern Languages. Mr. Azhar has previously worked with renowned channels and is now associated with GNN as Senior Content Writer.


'Saudi package': Bulls dominate PSX as benchmark index adds 1,200 points

The benchmark KSE-100 index surged 1,215.89 points, or 2.76%, to close at 45,330.05.

Published by Faisal Ali Ghumman



'Saudi package': Bulls dominate PSX as benchmark index adds 1,200 points

Karachi: Bulls dominated the Pakistan Stock Exchange (PSX) on Monday as investors showed their interest after burshing aside the uncertanity regarding the International Monetary Fund (IMF) programme and $3 billion funds from Saudi Arabia.    

The Friday's visit to PSX of Adviser to Prime Minister on Finance and Revenue Shaukat Tarin also turned out to be a a psoitive indicator for positive atmosphere at the first trading day. 

Investor optimism about the Saudi package was reflected at the bourse as market players took fresh positions on the back of an agreement that was signed between the State Bank of Pakistan (SBP) and the Saudi Fund for Development (SFD).

Also fuelling the bullish sentiment was a decline in global oil prices as the benchmark KSE-100 index once again crossed the 45,000-point mark.

At the end, the benchmark KSE-100 index soared 1,215.89 points, or 2.76%, to close at 45,330.05.

Sectors contributing to the performance included commercial banks (+283 points), cement (+211 points), exploration and production (+139 points), fertiliser (+100 points) and oil marketing companies (+76 points).

Shares of 358 companies were traded during the session. At the close of trading, 263 scrips closed in the green, 76 in the red, and 19 remained unchanged.

Overall trading volumes dropped to 268.2 million shares compared with Friday’s tally of 289.8 million. The value of shares traded during the day was Rs10.9 billion.

Fauji Foods, TPL Properties and WorldCall Telecom were the volume leaders with 14.8 million shares traded, 14.7 million shares, and 13.7 million shares respectively.

Fauji Foods lost Rs0.31 to close at Rs0.82, TPL Properties gained Rs2.57 to close at Rs45.80, while WorldCall Telecom gained Rs0.01 to close at Rs13.7.

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Twitter Chief Technology Officer Agrawal to replace Dorsey as CEO

Dorsey is stepping down as chief of the social media company.

Published by Faisal Ali Ghumman



Twitter Chief Technology Officer Agrawal to replace Dorsey as CEO

Twitter CEO Jack Dorsey is stepping down as chief of the social media company, effective immediately. Parag Agrawal, Twitter’s chief technology officer, will take over the helm, the company said Monday.

Shares of Twitter were down about half a percent before noon on Monday.

Dorsey, 45, was serving as both the CEO of Twitter and Square, his digital payments company. Dorsey will remain a member of the board until his term expires at the 2022 meeting of stockholders, the company said. Salesforce President and COO Bret Taylor will become the chairman of the board, succeeding Patrick Pichette, a former Google executive, who will remain on the board as chair of the audit committee.

 “I’ve decided to leave Twitter because I believe the company is ready to move on from its founders,” Dorsey said in a statement, though he didn’t provide any additional detail on why he decided to resign.

Agrawal will have to meet Twitter’s aggressive internal goals. The company said earlier this year it aims to have 315 million monetizable daily active users by the end of 2023 and to at least double its annual revenue in that year.

Agrawal, who’s served as CTO since 2017, has been with Twitter for more than a decade. He had been in charge of strategy involving artificial intelligence and machine learning and he led projects to make tweets in users’ timelines more relevant to them.

Agrawal was also previously tasked with finding a leader for Project Bluesky, a research project Twitter launched to establish open and decentralized standards for social media platforms. Dorsey had previously said Bluesky will help social media companies collaborate on how posts are promoted to users and will give users more control over the content they see. Bluesky could also make it easier for the social networks to enforce restrictions against hate speech and other abuse, essentially helping them share the load at a lower cost.

Agrawal held research internships at AT&T, Microsoft and Yahoo prior to joining Twitter.

Dorsey said in an email he published on Twitter that Agrawal has been his choice to lead the company “for some time given how deeply he understands the company and its needs.”

Dorsey was nearly ousted last year when Twitter stakeholder Elliott Management had sought to replace him. Elliott Management founder and billionaire investor Paul Singer had wondered whether Dorsey should run both of the public companies. Singer called for Dorsey to step down as CEO of one of them before the investment firm reached a deal with Twitter’s management.

Dorsey, who co-founded the social media giant in 2006, served as CEO until 2008 before being pushed out of the role. He returned to lead Twitter in 2015 after former CEO Dick Costolo stepped down.

Shares have jumped 85% since Dorsey took over as CEO on Oct 5. 2015. Square stock has surged 1,566% since its initial public offering on Nov. 19, 2015.


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'We are already working on vaccine against Covid's Omicron variant': Pfizer CEO

Pfizer has already started working on a version of its Covid-19 vaccine specifically targeting the Omicron variant in case the current inoculation is not effective against the new strain, the US drugmaker's CEO Albert Bourla said Monday.

Published by Faisal Ali Ghumman



'We are already working on vaccine against Covid's Omicron variant': Pfizer CEO

Bourla told CNBC that his company on Friday began testing the current vaccine against the Omicron variant, which was first reported in South Africa and reignited fears of a global wave of Covid-19 infections.

"I don't think the result will be the vaccines don't protect," Bourla said.

But the testing could show that existing shots "protect less," which means "that we need to create a new vaccine," Bourla said.

"Friday we made our first DNA template, which is the first possible inflection of the development process of a new vaccine," he said.

Bourla likened the situation to the scenario earlier this year when Pfizer and its German partner BioNTech developed a vaccine in 95 days when there were concerns the previous formula would not work against Delta, though that version ultimately was not used.

The current vaccine is "very effective" against Delta, the executive said, adding that the companies expect to be able to produce four billion vaccine doses in 2022.

On Monday, the World Health Organization warned the new Covid-19 Omicron variant poses a "very high" risk globally.

Bourla said he was also "very confident" that Pfizer's recently unveiled antiviral pill would work as a treatment for infections caused by the mutations, including Omicron.

Among newly-infected, high risk patients treated within three days of the onset of symptoms, Pfizer's pill has been shown to cut hospitalization or death by nearly 90 percent.



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