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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 Short sellers had bet against the stock because they viewed GameStop's retail business model as outdated.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

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

Novichok-related topics grabbed global headlines last year, when German authorities alleged without giving any proof that the weapons-grade poison was used to attack Russian opposition figure Alexei Navalny. Earlier, London claimed that Moscow was behind using Novichok to poison former Russian intelligence officer Sergei Skripal and his daughter Yulia in 2018, allegations that were rejected by the Russian authorities as baseless. … [Read more...] about Novichok Creator Reveals New Medicine to Effectively Tackle COVID-19

In the opposite direction, ROS of construction firm FLC Faros continued to hit ceiling price with 6.8 percent, and NVL of real estate developer Novaland added 1.3 percent. MWG of electronics retailer Mobile World was the only ticker which kept its ceiling price. … [Read more...] about VN-Index plummets back to January nadir

"It is evident that inaction on our part is not without cost. The Security Council is being called upon to address increasingly complex issues of international peace and security. Yet, it finds itself unable to act effectively, for it is lacking inclusivity of those who need to be there, and therefore lacking legitimacy and credibility,” Mr. Tirumurti said, emphasising that those who have created this impasse in the IGN should take responsibility for ensuring that the UNSC has come to this pass. … [Read more...] about UNSC unable to effectively address complex issues because it lacks inclusivity: India