Category: World

Tesla Adds $84 Billion to Valuation on Stock-Split Signal

Tesla Inc. added about $84 billion to its stock-market value, more than Ford Motor Co.’s entire market capitalization. The company is the biggest gainer on the NYSE FANG+ Index this year. On Monday, the shares closed up 8% at $1,091.84, the highest level since Jan. 12. The value addition took place after the electric-vehicle maker said it is planning a second stock split in about two years.

‘Al-Rihla’ – FIFA World Cup 2022 footballs to be made in Pakistan

The official match-ball for the FIFA World Cup 2022, named, ‘Al Rihla’ was unveiled by FIFA recently. Made in Pakistan, Al-Rihla is manufactured by the second largest sports manufacturer in the world, Adidas.  Pakistan has been the official makers of the official match-ball since the 1982 FIFA World Cup. However, Pakistan did not provide the footballs for the 2010 and 2014 World Cup.

Pakistan wins BURJ CEO ‘Best Pavilion Exterior Design’ award

The Pakistan pavilion at the Expo 2020 Dubai has won the BURJ CEO Award for “Best Pavilion Exterior Design,” the pavilion’s official Twitter account said on Monday. The Burj CEO awards recognize business excellence. Rashid Rana, the brains behind the exterior, was also honoured with the third-highest civilian award Sitara-e-Imtiaz for his contributions to Pakistan in art.

U.S. military plane belonging to Marine Corps aircraft crashes in Norway

A U.S. military aircraft with four people on board crashed on Friday in northern Norway. The MV-22B Osprey aircraft belonging to the U.S. Marine Corps was taking part in a NATO military exercise called Cold Response when it was reported missing. Because of the bad weather, the rescue aircraft could not land. Instead, police and rescue services were trying to reach the site by land.

Pakistan’s efforts reap benefits as UNGA declares March 15 as day to Combat Islamophobia

The United Nations General Assembly (UNGA) has adopted a resolution introduced by Pakistan on behalf of the Organisation of Islamic Cooperation (OIC) that proclaims March 15 as International Day to Combat Islamophobia. The resolution was sponsored by 57 members of the OIC, and eight other countries, including China and Russia. Prime Minister Imran Khan congratulated the Muslim ummah on the development.