Shares in social networking giant Facebook closed down 11 % on its second day of trading on Monday. Initial shares on the Unites States stockmarket were valued at $42. It valued the company at staggering $104 billion on its first day.
Thousands remain homeless in Italy’s north-east after a 6.0 magnitude earthquake struck on Sunday.
Six were killed when buildings collapsed. No one was killed and minor damage reported on Tuesday after a quake hit the Bulgarian capital, Sofia.
A suicide bombing in the Yemeni capital Sanaa on Monday killed nearly 100 soldiers. It is believed a soldier blew himself up during an exercise, killing 96 of his peers and injuring about 100 more. Al Qaeda has claimed responsibility.
Three climbers have died while trying to scale the world’s tallest peak. A German man trying to remove rubbish from Mt Everest, a Canadian and a South Korean all died in the last week. A combination of poor weather and altitude sickness is blamed.
The man blamed for the so-called Lockerbie bombing – when a passenger jet carrying 270 exploded over Scotland in 1988 – has died. Abdelbaset Ali Mohmet al-Megrahi was freed and returned to his native Libya in 2009, suffering terminal prostate cancer.
NATO leaders have agreed to an exit strategy from Afghanistan proposed by United States president Barack Obama. It would see the responsibility for security in the country be transferred to Afghan forces. Leaders were attending a summit in Chicago.
American popstar Lady Gaga has angered the devoutly religious in Asia. Authorities in Indonesia have refused to grant her the appropriate permissions ahead of scheduled concerts and Christian protesters have rallied in Manila after her arrival.
Mali’s interim president has been taken to hospital with head wounds after being attacked by demonstrators. A deal allowed Dioncounda Traore to remain in power for another 12 months. The country has been in chaos since a military coup this year.
Oil bid fail
In a blow to the Cuban economy, attempts to find lucrative oil reserves in waters off country have been unsuccessful. Spanish oil giant Repsol said it would abandon its search for oil in the politically isolated country. Cuba depends on Venezuela for its oil needs.
Micro-blogging site Twitter was shut down in Pakistan to prevent offensive images of the prophet Mohammad being spread. The closure only lasted several hours. Ironically, a government official announced the restoration of the site on Twitter.Post published in: News