Saturday, 10 May 2014

Lawyer for doctor in Bin Laden case quits after death threats


Lawyer Samiullah Afridi, the lawyer for a doctor accused of helping the US find Osama Bin Laden has quit the case after receiving frequent death threats and fled to Dubai due to his safety.

Dr Shakil Afridi is accused of using the cover of a door-to-door vaccination campaign to help the US find Bin Laden which led to the raid that killed him in 2011.

Dr Shakil Afridi was convicted of alleged ties to militant groups and sentenced to 33 years in jail by a tribal court in 2012. The sentence was widely seen as punishment for his alleged role in the Bin Laden raid, which he denies.


The story of Alibaba - From English teacher to billionaire


Jack Ma went from English teacher to billionaire with Alibaba, the Chinese e-commerce company he co-founded. Also the Alibaba chairman, Ma now has a higher net worth than U.S. moguls such as Google's Eric Schmidt (worth $8.5 billion) and Tesla's Elon Musk (worth $8.8 billion).

The firm has been a dominant force in e-commerce in China and is now the biggest online retailer in the country. The firm generated revenues of 40.5bn yuan ($6.5bn; £3.8bn) in the nine months to the end of December 2013, making a net profit of $2.9bn.

Ma created the company with $60,000 in cash, gathered from 80 friends, back in 1999.  He created a basic web page for a Chinese translation service with a friend, which received a global response within hours. He then left teaching to set up an online business.

Ma holds a mass wedding annually for Alibaba employees and employees can apply for interest-free loans to buy first homes.

Apple buying Beats Electronics for $3.2 billion


Apple is proposing a $3.2 billion deal to acquire Beats Electronics LLC, the high-end headphone maker that recently launched the Beats Music subscription service.

Beats was founded by music industry veteran Jimmy Iovine and Dr. Dre, the hip-hop producer and artist.

Apple and Beats declined to comment on the potential deal, which was earlier reported by the Financial Times.