Twitter shareholders approve $44bn Musk deal
Twitter's shareholders have voted to approve a deal with Elon Musk to buy the company for $44bn (£38bn), BBC reported.
The decision was made in a short conference call with investors from the company's San Francisco headquarters.
It means Twitter will now try to force Elon Musk to buy the company in the courts.
The meeting followed explosive testimony from Twitter's former head of security Peiter Zatko in front of the US Senate.
In April, Twitter agreed to sell the company to the world's richest person, Elon Musk.
However, the deal soured after Mr Musk alleged he was misled by Twitter about the number of spam and bot accounts on the platform.
Twitter is currently valued at $32bn, considerably below the $44bn offer from Mr Musk.
Today's vote could have spelled the end of Twitter's legal pursuit, but shareholders have now given the company the green light to pursue Mr Musk in court.
The two are set to meet in front of a Delaware state court in October. During the hearing a judge will decide whether or not Mr Musk has to buy the company, according to BBC.
Just before the shareholder decision, Twitter whistle-blower Pieter Zatko was in Washington testifying before the Senate Judiciary Committee about alleged security flaws.
He told US lawmakers the firm was "misleading the public" about how secure the platform is.
The firm's former head of security on to say that Twitter was "a decade behind" security standards. Twitter says Mr Zatko was fired from his job, and that the claims are inaccurate.
Mr Zatko has previously supported Elon Musk's claim that the platform has more spam and fake accounts than it has admitted - though he didn't elaborate on this on Tuesday.
Last week, a judge said that Mr Musk's lawyers would be allowed to use the Twitter whistle-blower's testimony in court.
It largely focussed on national security issues - and is not officially connected with Mr Musk's attempt to pull out of the deal to buy Twitter, BBC reported.
Nepse surges by 21. 30 points on Tuesday
The Nepal Stock Exchange (NEPSE) gained 21.30 points to close at 1,934.04 points on Tuesday. Similarly, the sensitive index surged by 3. 83 points to close at 376. 17 points. A total of 3,146,996 unit shares of 231 companies were traded for Rs 92 billion. In today’s market, all sub-indices saw green. Life Insurance topped the chart with 96. 22 points. Meanwhile, Bottlers Nepal (Balaju) Limited was the top gainer today, with its price surging by 10. 00 percent. Nepal Bank Debenture was the top loser as its price fell by 9.59 percent. At the end of the day, total market capitalization stood at Rs 2. 77 trillion.
Gold price drops by Rs 100 per tola on Tuesday
The price of gold has dropped by Rs 100 per tola in the domestic market on Tuesday. According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow bullion is being traded at Rs 93, 500 per tola today. It was traded at Rs 93, 600 per tola on Monday. Meanwhile, tejabi gold is being traded at Rs 93, 000 per tola today. It was traded at Rs 93, 100 on Monday. Similarly, the price of silver is being traded at Rs 1, 185 per tola.
Nepali containers start getting approval to cross Nepal-China border
Containers waiting to get the approval to cross the Nepal-China border into Nepal in northern Tatopani point of Sindhupalchowk district for over the past one month have started getting the custom passage since Saturday. Containers bound to Nepal carrying goods targeting the Dashain-Tihar festival from China remained stuck at Sigatse, Nylam, Khasa and Lhasa. According to Tatopani Dry Port and Customs Office Chief Narad Gautam, three vehicles crossed the border to enter the country and three successfully completed the border procedures on Sunday. But perishable goods such as garlic and apples have already become inedible. As Gatuam said, the containers are being permitted to leave for destinations with the completion of required customs and health protocols. It may be noted that Tatopani and Kerung points along the Nepal-China border were closed since August 5 due to COVID-19 lockdown in China. According to the Sindhupalchowk Chamber of Commerce and Industry, over 150 Nepal-bound goods-laden containers were waiting to cross the border since the lockdown. On Sunday, officials and the business community from the Trans-Himalayan Trade Association called on Foreign Minister Dr Narayan Khadha and urged him to ensure the opening of the border and help sustain their business.
