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Twitter shot back Monday at Tesla CEO Elon Musk over his announcement late last week that he was terminating his $44 billion deal to buy the microblogging and social networking giant.
“As it has done, Twitter will continue to provide information reasonably requested by Mr. Musk under the Agreement and to diligently take all measures required to close the transaction,” said Twitter attorney William Savitt in a letter to Musk’s legal team.
Twitter's letter comes in the wake of Musk backing out of the deal late last Friday with multiple reasons, including that Twitter allegedly undercounts the number of spam accounts on its service.
"Twitter has breached none of its obligations under the Agreement, and Twitter has not suffered and is not likely to suffer a company material adverse effect," Savitt added, reiterating that Musk's move to end the deal was “invalid and wrongful.”
“Twitter reserves all contractual, legal, and other rights, including its right to specifically enforce the Musk Parties’ obligations under the Agreement," the letter continued.
Musk agreed to buy Twitter for $54.20 per share in an unsolicited deal struck in late April.
The billionaire alleged in his Friday termination letter that Twitter misrepresented user data, claiming the number of spam bots on the social media platform is much higher than the company has disclosed.
Twitter dismissed that claim, stating that the number of bots was well under 5% of its total daily active users.
Twitter chairman Bret Taylor tweeted Friday that the company "plans to pursue legal action to enforce the merger agreement."
No lawsuit has yet been filed by either side.
Twitter shares fell 11% to $32.65 at Monday's market close./aa
US President Joe Biden revealed on Monday the first photo from the James Webb Space Telescope, providing a window into some of the deepest corners of the universe previously unseen by humanity.
The infrared image depicts thousands of previously unseen galaxies, some of which appear to be spinning as if viewed in slow motion as other stars shine radiantly against the pitch-black of space. The image of what is known as galaxy cluster SMACS 0723 is the first of a collection set to be published by NASA on Tuesday.
Speaking at the White House alongside Vice President Kamala Harris and NASA administrator Bill Nelson, Biden hailed the photos as representing "a historic moment for science and technology, for astronomy, and space exploration for America and all of humanity."
"This telescope embodies how America leads the world not by the example of our power, but the power of our example," said Biden.
"These images are gonna remind the world that America can do big things, and remind the American people, especially our children, that there's nothing beyond our capacity, nothing beyond our capacity. We can see possibilities no one has ever seen before. We can go places no one has ever gone before," he added.
The US launched the $10 billion James Webb Space Telescope, a joint project that included the Canadian and European space agencies, in December. The sophisticated 6.2-ton space observatory is expected to explore the deepest reaches of the cosmos for at least five years, sending never-before-seen images of the universe back to Earth.
Some of the galaxies depicted in the image previewed by Biden are some 13 billion light years away from the telescope, meaning that parts of the photo depict galaxies roughly 13 billion years old. That dates back close to the period known as the Big Bang, when the universe is thought to have begun.
"We're looking back more than 13 billion years," said Nelson, the NASA chief. "By the way, we're going back further, because this is just the first image. They're going back about 13 and a half billion years. And since we know the universe is 13.8 billion years old, we're going back almost to the beginning."
NASA will publish additional images Tuesday morning.
Near-term inflation expectations in the US hit a record high level in June, according to the Federal Reserve Bank of New York's Survey of Consumer Expectations released on Monday.
The expectation for the median inflation one year ahead increased to 6.8% in June, up 0.2 percentage point from 6.6% in May.
This marked the highest level in inflation expectation of the survey's history, which is conducted since 2013.
The uptick in inflation expectation comes as annual consumer prices in the US hit 8.6% in May, hovering near its highest in 40 years.
The Fed has so far increased its benchmark interest rate a total of 150 basis points since March, and signaled an additional 75 basis points of rate hike for later this month.
Annual consumer inflation in the US is expected to show an increase of 8.8% in June, which will be announced by the Bureau of Labor Statistics on Wednesday./aa
US President Joe Biden renewed his call for lawmakers to reinstate a nation-wide ban on the sale of assault-style firearms, saying he is "determined" to see it through.
The prohibition, which expired after a decade in 2004, was part of a series of additional proposals put forward by the president as he celebrated the passage of a gun control law prompted by mass shootings in Texas and New York that shocked the nation.
Biden said that during the 10 years the assault weapons ban was in effect "mass shootings went down," but its expiration was followed by a tripling in mass shootings.
"I am determined to ban these weapons again, and high capacity magazines that hold 30 rounds, and let mass shooters fire hundreds of bullets in a matter of minutes. I'm not going to stop until we do it," he added.
The president was delivering remarks one week after yet another mass shooting outside of Chicago, Illinois on July 4 that targeted people a parade celebrating Independence Day. Seven people were killed, and 30 other victims were injured in Highland Park.
"We're living in a country awash in weapons of war," said Biden. "What is the rationale for these weapons outside war zones?"
In addition to reinstating the ban, and barring the sale of high-capacity magazines, Biden said Congress should pass legislation that would require gun owners to securely lock up their firearms, or be held responsible if their weapons are used to commit a crime.
"If you have a weapon you have a responsibility to secure it and keep it under lock and key," he said. "No one else should have access to it. So lock it up, have trigger locks, and if you don't, and something bad happens, you should be held responsible."/aa
Bosnia and Herzegovina on Monday marked the 27th anniversary of Srebrenica genocide, bidding farewell to 50 newly identified victims of the 1995 massacre at a memorial service.
Every year on July 11, newly identified victims of the genocide are laid to rest at a memorial cemetery in Potocari, eastern Bosnia.
Thousands of visitors from various countries attend the service.
The memorial center is the focal point of remembrance for friends and relatives of the victims, mostly men and boys, murdered by Bosnian Serb militias.
After this year’s funeral, the number of burials in the cemetery rose to 6,721.
The youngest of the victims buried this year was Salim Mustafic, who was 16 years old when he was killed, while Husejin Krdzic, 59, was the oldest genocide victim among this year's identified victims.
Commemorations
Various events were held to commemorate the genocide in the capitals and other cities of the region.
At the historic bridge in Mostar – an iconic multi-faith city – people gathered to jump without applause from the approximately 20-meter (65.6 feet) high bridge.
The participants also threw white lilies into the Neretva River, symbolizing the innocence of the genocide victims.
In the capital Belgrade, a debate titled Recognition of Genocide and Official Commemoration of July 11 as a Pledge of Peace was organized.
Croatia's capital Zagreb held a light projection of the iconic Srebrenica flower.
The Bosniak National Council also distributed Srebrenica flowers in Novi Pazar city to remember the victims.
The flower has a message – white signifies innocence, green signifies hope, and 11 petals stand for July 11, 1995.
Elsewhere, hundreds of motorcyclists from across Europe held a procession from Sarajevo to Srebrenica to commemorate the victims.
Meanwhile, thousands of people participated in Mars Mira, an annual peace march. The first one was held in 2005 to mark the 10th anniversary of the genocide.
Thousands of people from all over the world come to the Bosnian town every year and follow the same forest path used by the Bosniaks when they were fleeing genocide.
The campaign lasts three days, culminating in the participants' arrival in Potocari.
In front of the Presidency of Serbia in Belgrade, candles were lit for the genocide victims.
World leaders’ messages
Leading political figures across the world, including Turkish president and the first lady of Türkiye, commemorated the genocide victims.
Recep Tayyip Erdogan said that Türkiye provides all the necessary support for the security and prosperity of Bosnia and Herzegovina.
“Our pain is fresh even though more than a quarter of a century has passed since the genocide. Türkiye with all its capacities continues to be with Bosnia and Herzegovina,” said Erdogan.
Turkish first lady Emine Erdogan said it was humanity, conscience, and compassion that was buried in Srebrenica 27 years ago. “We will never forget the cries of Bosniak mothers or the children who watched the murderous expulsion of their fathers.”
Turkish Foreign Minister Mevlut Cavusoglu described the event as a “black stain” in the history of humanity and said that Srebrenica will never be forgotten.
Türkiye's AK Party Deputy Chairman Numan Kurtulmus said that it is necessary that those responsible for the genocide should receive the “most severe” punishments.
“It is very important to put an end to hate speech, segregation and divisions so that genocide does not happen again. We should, of course, mention Islamophobia, which should be fought against. These are areas in which it is very important to fight together,” said Kurtulmus.
Charles Michel, the president of the European Council, said the genocide is a reminder to be united for peace in Europe and for Bosnia and Herzegovina to become part of the European Union.
Sefik Dzaferovic, chairman of the Presidency of Bosnia and Herzegovina, said there is no sadder place in the world today than Srebrenica.
“The genocide in Srebrenica was a consciously and carefully planned crime with political motives,” said Dzaferovic.
Montenegro Prime Minister Dritan Abazovic said it was humanity that was killed in Srebrenica.
“Today's commemoration is a reminder of how bad we were back then. Not only those who lived here, not only those who lived in the surrounding area, but also those who were thought to have come to help, but actually failed to do anything significant,” said Abazovic.
Kosovar Prime Minister Albin Kurti said the damage caused by the genocide cannot be repaired, but it can be recognized by acceptance.
Srebrenica genocide
More than 8,000 Bosnian Muslim men and boys were killed when Bosnian Serb forces attacked the eastern town of Srebrenica in July 1995, despite the presence of Dutch peacekeeping troops.
The Serb forces were trying to wrest territory from Bosnian Muslims and Croats to form a state.
The UN Security Council had declared Srebrenica a "safe area" in the spring of 1993. However, troops led by Gen. Ratko Mladic, who was later found guilty of war crimes, and crimes against humanity and genocide, overran the UN zone.
Dutch troops failed to act as Serb forces occupied the area, killing some 2,000 men and boys on July 11 alone.
Around 15,000 residents of Srebrenica fled to the surrounding mountains, but Serb troops hunted down and killed 6,000 more people.
The bodies of victims have been found from 570 places across the country.
In 2007, the International Court of Justice in The Hague ruled that genocide had been committed in Srebrenica.
On June 8, 2021, UN tribunal judges upheld in a second-instance trial a verdict sentencing Mladic to life in prison for the genocide, persecution, crimes against humanity, extermination and other war crimes in Bosnia-Herzegovina. /aa
Army and paramilitary troops were called in to join the relief and rescue operations after fresh rain spells and flash floods inundated most parts of Pakistan's commercial capital Karachi on Monday.
Another five people lost their lives in rain-related accidents in Karachi, home to 20 million people, as widespread downpours along with flash floods and windstorms inundated major roads, underpasses, and streets in the sprawling metropolis, officials said.
The hours-long heavy rain that eclipsed the festivities of Eid ul-Adha, one of the two main Muslim festivals, submerged low-lying areas in the city's eastern and central districts and flooded the southern district housing major government buildings and offices.
The relentless downpours and heavy winds also knocked down power lines and trees in different parts of the metropolis, with authorities warning citizens not to unnecessarily venture out to avoid accidents.
Footage aired on local television channels showed army and paramilitary troops struggling to drain out rainwaters from the main roads through heavy machinery.
At least four men were killed by electrocution, while one died due to a wall collapse in different city areas, bringing the overall toll to 115 since June 1, according to the official tally.
The Meteorological Department has forecast further rains as a new weather system is heading toward southern Pakistan, which would last until July 19.
Meanwhile, Prime Minister Shehbaz Sharif said he was “deeply saddened” by the damage wrought by the torrential rains in Karachi, the capital of southern Sindh province.
“I am confident that Sindh government will rise to the occasion and bring life back to normal under the able leadership of CM (chief minister) Sindh. Have offered to extend every possible support,” the premier tweeted.
Monsoon rains have long been wreaking havoc on Pakistan in terms of human casualties, and destruction of already fragile infrastructures. Climate change has further increased their frequency, ferocity and unpredictability in recent years.
The South Asian nuclear country has received 87% more rains this monsoon season so far compared to the past year, according to the Ministry of Environment and Climate Change.
Southwestern Balochistan province and northern Gilgit-Baltistan region were the worst hit where massive downpours and flash floods washed away bridges and houses, caused landslides and disconnected many towns and villages from the rest of the country last week.
Torrential downpours have killed 62 people in Balochistan province alone Since June 1./aa
The Dutch government on Monday apologized to Bosniak families who lost their relatives in the 1995 Srebrenica genocide in eastern Bosnia and Herzegovina.
Defense Minister Kajsa Ollongren offered the apology at the 27th commemoration of the genocide at the cemetery in Potocari in Bosnia and Herzegovina.
“The Netherlands was one of them. Despite everything, Srebrenica was crushed ... The Netherlands is also a part of this failure. For this reason, we offer you our deepest apologies. It connected the Netherlands forever,” said Ollongren.
She said that international institutions have promised to protect innocent people.
“The international community failed to protect the people of Srebrenica. As part of this community, the Dutch government shares political responsibility for the situation in which this failure could have happened. We cannot take away the suffering. But what we can do is look history straight in the eye,” said Ollongren.
In a lawsuit filed in 2007 by the relatives of the victims against the Dutch government, The Hague District Court found The Netherlands guilty of handing over 300 Bosniak civilians to the Serbs who took refuge with Dutch soldiers and the United Nations during the occupation of Srebrenica.
Srebrenica genocide
More than 8,000 Bosnian Muslim men and boys were killed when Bosnian Serb forces attacked the eastern town of Srebrenica in July 1995, despite the presence of Dutch peacekeeping troops.
The Serb forces were trying to wrest territory from Bosnian Muslims and Croats to form a state.
The UN Security Council had declared Srebrenica a "safe area" in the spring of 1993. However, troops led by Gen. Ratko Mladic, who was later found guilty of war crimes, and crimes against humanity and genocide, overran the UN zone.
Dutch troops failed to act as Serb forces occupied the area, killing some 2,000 men and boys on July 11 alone.
Around 15,000 residents of Srebrenica fled to the surrounding mountains, but Serb troops hunted down and killed 6,000 more people.
The bodies of victims have been found from 570 places across the country.
In 2007, the International Court of Justice in The Hague ruled that genocide had been committed in Srebrenica.
On June 8, 2021, UN tribunal judges upheld in a second-instance trial a verdict sentencing Mladic to life in prison for the genocide, persecution, crimes against humanity, extermination and other war crimes in Bosnia-Herzegovina./aa
Türkiye’s president and his Russian counterpart discussed the establishment of safe corridors for grain exports in the Black Sea and the latest developments in northern Syria, the Turkish Communications Directorate said on Monday.
During their phone call, Recep Tayyip Erdogan emphasized the importance of extending the cross-border aid mechanism in Syria, the directorate said in a statement.
He also told Vladimir Putin that it is time to take action regarding the UN’s plan to establish safe corridors in the Black Sea for grain exports.
Furthermore, Erdogan reiterated that the ongoing war between Russia and Ukraine should be ended with a lasting and just peace through negotiations.
Türkiye is ready to contribute to the negotiation process, the president added./aa
Twitter's shares were down almost 5% before US stock market opening on Monday after billionaire Elon Musk pulled out of his $44 billion deal to buy the social media company.
The stock price fell 4.9% to $35 per share at 8.00 a.m. EDT (1200GMT) after closing Friday at $36.81 per share on the New York Stock Exchange.
The company's market value declined to approximately $28.1 billion for almost a $1.4 billion loss.
Tesla CEO Musk announced late Friday that he is pulling out of his deal to buy Twitter, citing a lack of information on bot accounts. Twitter, however, says it will take Musk to court to enforce the deal.
He said in May that the deal could not move forward until there is clarity on fake accounts.
Twitter’s board of directors unanimously advised shareholders on June 21 to approve Musk’s offer for the company.
Musk on June 16 said he wants Twitter to reach 1 billion users, but hinted at layoffs in his first meeting with company employees, and reiterated his demand for paid subscriptions, arguing that users should be charged to keep informed and be verified./aa