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NEW YORK: Shares of US videogame retailer GameStop skyrocketed by 144% on Monday as short sellers scrambled to cover their positions in the stock, which then pared gains in a roller coaster session that featured nine trading halts for volatility. Options activity also surged in the stock, which had gained 245% so far this year as of Friday's close. It closed Monday's session up 18% with $16.7 billion worth of GameStop shares traded -- more than triple the company's actual stock market value. Short sellers had bet against the stock because they viewed GameStop's retail business model as outdated. But GameStop shares began to rise after the video game retailer's announcement on Jan. 11 about appointments to its board to double down on digital sales. The buying frenzy as short sellers rushed to cover positions enticed retail investors to pile on in hopes of riding the stock's momentum higher. "Many traders leveraged positions betting the stock would go down and as it became a hot … [Read more...] about GameStop shares soar on short squeeze, then ease in wild trade session

South Africa kicked off their first tour of Pakistan in more than 13 years on the front foot, as a stroke-filled start from the top-order carried them to 96 for 2 at Lunch on Day 1 at the National Stadium in Karachi. Elgar, who made a rollicking start to 2021 with a century in Johannesburg against Sri Lanka, led the way for the visitors as Pakistan bowlers got an early idea of the pitch that had nothing in it for them. … [Read more...] about South Africa lose two wickets in fast start

Earlier in the day, a Punjab union, the Kisan Mazdoor Sangarsh Committee (KMSC), declared its intention to defy the police conditions by heading for Delhi’s Outer Ring Road, instead of the approved routes. The group, which had previously defied directions to lift a rail roko in Punjab, said it would not take any decisions “under pressure from the government”. Leaders of the Samyukt Kisan Morcha (SKM), which is representing a coalition of thousands of farmers protesting on Delhi’s borders, sent multiple delegations to the KMSC leadership, pleading with them to change their plans for the sake of the whole movement. … [Read more...] about Police close bridge over Yamuna ahead of farmers parade

TUNIS, Jan. 26 (Xinhua) -- Tunisia's Assembly of People's Representatives, or parliament, on Tuesday began a plenary session for the vote of confidence in new ministers proposed by the head of government Hichem Mechichi. … [Read more...] about Tunisian parliament holds plenary session for vote of confidence in new gov’t members

Of the delegates, 191 are members of the 12th‑tenure Party Central Committee, 1,381 were elected at Party congresses of provinces, centrally-run cities and centrally-run Party organisations, and 15 are from overseas Party organisations, who were assigned by the Politburo. … [Read more...] about Press release on opening session of 13th National Party Congress