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media reports

Hong Kong residential fire claims 128 lives, scores injured

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Hong Kong

A devastating fire in residential buildings in Hong Kong has claimed 128 lives, with local authorities reporting 79 injured and dozens still missing.

According to international media reports, the exact cause of the fire is yet to be determined. However, authorities said that polystyrene sheets and protective nets installed on the exterior windows of the buildings contributed to the rapid spread of the blaze.

Reports indicate that renovation and repair work was ongoing in the buildings prior to the fire. In connection with this, the Anti-Corruption Commission arrested eight individuals on suspicion of corruption, including a director of an engineering company.

Police are collecting evidence from inside the affected buildings, with officials stating that the investigation could take three to four weeks to complete.

The government has established temporary shelters and support centers for the affected families.

This fire has been described as the worst in Hong Kong’s 70-year history.

Elon Musk set to become world’s first trillionaire with Tesla deal

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Elon Musk

NEW YORK: Tesla CEO Elon Musk has been awarded the largest corporate pay package in history, bringing him closer to becoming the world’s first trillionaire.

According to international media reports, 75% of Tesla shareholders approved Musk’s compensation, linked to a record $1 trillion (approximately PKR 281 trillion) in company profits.

The company’s board had warned that Musk could leave Tesla, noting that the company’s future in artificial intelligence and robotics is closely tied to his vision.

The decision has sparked renewed debate over wealth inequality in the United States, with critics calling the package a symbol of the growing economic divide.

Musk’s compensation is tied to Tesla’s performance and ambitious projects, including self-driving vehicles, robotics networks, and the sale of humanoid robots. Some major investors and advisory firms had criticized the package as “excessive” and “unnecessary,” but the board defended it as essential for retaining Musk and ensuring long-term growth.

During Tesla’s annual meeting, Musk announced that production of the Cybercab—a two-seater robotic taxi—will begin in April, marking the next milestone in the company’s expansion into robotics and AI-driven transportation.