$300m stake in Twitter bought by Saudi prince

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$300m stake in Twitter bought by Saudi prince

  • Saudi prince and billionaire Prince Alwaleed bin Talal who is an investor in world’s top companies, also bought a $300 million stake in the fast-growing microblogging site Twitter. By this move the Prince has gained another foothold in the media industry of the world.Alwaleed is a nephew of the Saudi king and he has a personal net whose worth was estimated by Forbes magazine in March this year and is just some points below $20 billion. Not only this Alwaleed also owns a 7 per cent stake in News Corp and he further plans to start a cable news channel in his homeland.
    The stake in the Twitter was bought jointly by Alwaleed and his Kingdom . He also owns a Co investment firm and that the stake was bought after months of negotiations with the sites company. Following the stake buying the shares in the Prince Kingdom jumped to 5.7 percent in stock and trade market in Saudi Arabia.

Microsoft goes a sort of social type

  • The renowned tech company Microsoft has also brought itself in the scene of social media and all this was done in a low key affair. Microsoft also owns a small stake in the Facebook.the site that has been introduced is made just for students who wants to share interesting discoveries over the internet and the site looks like a composition of both Facebook and Google +.
    Though only certain universities have access to this site, the site is a blend of functions like web browsing, search functions and networking and it also includes an interesting feature named “video party”.

Hotline launched by the US for detained immigrants

  • In order to help the detained immigrants a telephone hotline was launched by the US Immigration and Customs Enforcement department. This hotline will allow the detained immigrants detained in their country to help them know their rights and to allow them to report cases if they are being treated unfair by other peoples.The phone number can be used by detained immigrants. The move was launched as the US officials feels that the immigrants they may be US citizens or they may be victims of crime.To ensure that such people who are in custody are properly notified about their rights. The US department guarantees that the phone line is made available 24 hours a day and will be having many interpreters in several languages so as to employee effective communication between the immigrants and the concerned authorities.

US blames Pak for NATO air strike being carried by them

  • As another blow to the already weakened relationship between the US and the Pakistan was announced when the US blamed the Pakistani officials for the NATO strike carried out by them. Be it the aggressive approach towards Pakistan or their tactical need in Afghanistan, all the hopes were laid down to rest when the Pentagon said that the respect all rules engagement and international law of conflict hinting to the NATO strike that killed 24 Pakistani soldiers.Further the Washington even named the incident an act of war. An official said that-“the Pakistani soil misbehaved that led the NATO to strike back. And such response is continued then they will again shot back.
    Pentagon spokesman captain John Kirby further said that they have delivered the report regarding the same to Pakistan’s general Kayani in Islamabad by a US officer in charge. The officer is going to explain every detail of the findings to the general.

Hearing for the suspected WikiLeaks leaker concludes

  • The hearing for the WikiLeaks leaker was concluded in a US court. The leaker was a US Army intelligence analyst. He was accused of leaking secret classified files to the WikiLeaks website which gave enemies complete access to government secrets. However the defence lawyer of the accused said that his client has done no crime.The lawyers from both the sides made several arguments at the hearing in order to decide whether Bradley Manning who is a Private First Class person should be court-martialed for the charges held against at him. The charges include aiding the enemy and wrongfully causing intelligence reports to be published on the Internet that caused furore and a mess for the government.
    The prosecution held 22 criminal charges against the accused further saying that the massive release of documents by the accused had caused harm to national security.

 

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