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  • New ligament discovered in knee, Belgian surgeons say

    New ligament discovered in knee, Belgian surgeons say

    {Two knee surgeons in Belgium say they have identified a previously unfamiliar ligament in the human knee.}

    Writing in the Journal of Anatomy, they suggest the fibrous band could play a part in one of the most common sports injuries worldwide.

    Despite glimpses of the ligament in medical history, this is the first time its structure and purpose have been so clearly established, they say.

    But experts say more studies are needed to prove its relevance to knee surgery.

    Four main ligaments – or thick fibrous bands – surround the knee joint, criss-crossing between the upper and lower leg bones to provide stability and prevent excessive movement of our limbs.

    But the anatomy of the knee remains complex, and several international groups have been exploring the less-defined structures of the joint for some time.

    The notion of this particular ligament was first made by French surgeon Paul Segond in 1879 but it has evaded definitive surgical classification for many years.

    ‘Extensive search’
    Now building on the work of other surgeons, Dr Claes and Professor Johan Bellemans of the University Hospitals of Leuven, Belgium, say they have closely mapped the band which runs from the outer side of the thigh bone to the shin bone.

    And they say this anterolateral ligament could play an important protective role as we twist or change direction.

    Mr Joel Melton, a consultant knee surgeon at Addenbrooke’s Hospital, Cambridge, UK, who was not involved in the research said: “If you look back through history there has been a veiled understanding that something is going on on that side of the knee but this work finally gives us a better understanding.

    “I think this is very exciting – there is no doubt they have hit upon a very important anatomical structure.”

    The Belgian surgeons used macroscopic dissection techniques to examine 41 donated knee joints and pinpointed this ligament in all but one specimen.

    And they say the presence of this band could help them better understand and treat a common sports injury that has puzzled doctors for some time – the anterior cruciate ligament (ACL) tear.

    An injury to the ACL is typical in people who pivot during sport – from athletes and basketball players and footballers and skiers. A tear can happen when you change direction rapidly or stop suddenly and causes pain, swelling and reduced movement in the knee.

    But despite improvements in surgical techniques, between 10-20% of people with a repaired ACL tear are unable to recover fully.

    Twist or turn
    In particular, some patients say their knees give way as they twist or turn.

    Dr Claes and Bellemans think an injury to the anterolateral ligament (ALL) may be partly responsible for this. They hypothesise some people may injure the ALL at same time as the ACL, leaving the knee less stable as the leg rotates.

    And their biomechanical studies suggest tears in this ligament may also be to blame for small fractures that have previously been attributed to ACL injuries.

    Mr Paul Trikha, a knee surgeon at the Surrey Orthopaedic Clinic, who was also not involved in the research said: “I do around 150 ACL repairs each year. When I saw Dr Claes’ research, it blew me away.

    “Knowing about the ALL has given us a better understanding of what other structures may be damaged during this common injury and this will hopefully open up opportunities to improve surgery for our patients.”

    But reaction to this work has been mixed.

    Gordon Bannister, professor of orthopaedics at Bristol University said: “There is no doubt this is a very interesting paper from the anatomical point of view but at the moment this is not a major clinical breakthrough.

    “Its role in knee injuries is a perfectly reasonable hypothesis to test but the most important step is to see whether any intervention to the ligament actually makes a significant difference to patients.”

    Dr Claes and Bellemans have already started exploring this possibility and are offering repairs of the new ligament in certain cases.

    Their next steps are to refine their techniques and monitor their patients to see if there are lasting improvements to their mobility.

    Dr Claes said: “We surgeons may need to rethink what we know about common ACL injuries. Though we have shed light on the purpose of this ligament and its role in common injuries, we now need to find out for certain when it is best to intervene surgically.

    “Long-term studies will give us that answer and hopefully allow us to perfect a minimally invasive techniques to give our patients a better recovery.”

    The knee joint is surrounded by ligaments to provide stability and support.
    The knee joint is surrounded by ligaments to provide stability and support.

    Source: BBC

  • Monster typhoon Haiyan roars into Philippines

    Monster typhoon Haiyan roars into Philippines

    {Typhoon Haiyan is battering the central Philippines with sustained winds of 235 km/h (146mph).}

    Meteorologists say that if initial estimates based on satellite images are borne out, it could be the most powerful storm ever to make landfall.

    The storm has forced millions in storm-prone areas to seek shelter across 20 provinces, officials say.

    The region was already struggling to recover from a powerful earthquake last month.

    The authorities have warned that more than 12 million people are at risk from the category-five storm, including in Cebu, the country’s second largest city with a population of 2.5m.

    The storm – known locally as Yolanda – was not expected to directly hit the capital Manila, further north. Mai Zamora, from the charity World Vision, in Cebu, told the BBC: “The wind here is whistling. It’s so strong and the heavy downpours are continuing.”

    “We’ve been hearing from my colleagues in [the city of] Tacloban that they’ve seen galvanised iron sheets flying just like kites.”

    Schools and offices closed, while ferry services and local flights were suspended. Hospitals and soldiers are on stand-by for rescue and relief operations.

    The extent of the damage remains unclear, with authorities saying phone-lines are down in many areas.

    The governor of the Southern Leyte province, Roger Mercado, tweeted on Friday morning that fallen trees were blocking roads, hampering the emergency effort.

    Roxane Sombise, a resident of Tacloban, in Leyte, told the BBC: “I think our house is actually shaking… I just want it to stop.”

    A teacher in Southern Leyte province told a local radio station that her school was “now packed with evacuees”.

    Jeff Masters, meteorology director at the private firm Weather Underground, said in a blog post that the damage from Haiyan’s winds must have been “perhaps the greatest wind damage any city on Earth has endured from a tropical cyclone in the past century”.

    {Relief packages}

    State meteorologist Romeo Cajulis told AFP news agency Typhoon Haiyan had made landfall over Guiuan at 04:40.

    The typhoon arrived with gusts of up to 275 km/h (170 mph), the Philippines’ weather service said in its bulletin, issued at 05:00 local time (21:00 GMT).

    The US Navy’s Joint Typhoon Warning Centre, which typically gives higher readings as they are based on a shorter period of time, said shortly before Haiyan’s landfall that its maximum sustained winds were 314 km/h (195 mph), with gusts up to 379 km/h (235 mph).

    Waves as high as 5m (15ft) could be seen from the islands of Leyte and Samar, Reuters news agency reported.

    The storm is forecast to move over to the South China Sea north of Palawan Island on Saturday, meteorologists say.

    In its path are areas already struggling to recover from a 7.3-magnitude earthquake last month, including the worst-hit island of Bohol.

    About 5,000 people are still living in tents in Bohol after losing their homes in the quake, which killed more than 200 people.

    Earlier, President Benigno Aquino warned people to leave storm-prone areas and urged seafarers to stay in port.

    “No typhoon can bring Filipinos to their knees if we’ll be united,” he said in a televised address.

    Meteorologists in the Philippines warned that Haiyan could be as devastating as Typhoon Bopha in 2012.

    Bopha devastated parts of the southern Philippines, leaving at least 1,000 people dead and causing more than $1bn (£620m) in damage.

    It is the 25th typhoon to enter Philippine territory this year.

    Source: BBC

  • DR Congo rebels surrender in Uganda

    DR Congo rebels surrender in Uganda

    {Fighters from the Democratic Republic of Congo’s M23 group, including their commander Sultani Makenga, have surrendered in Uganda, officers have said, signalling the end of an 18-month armed conflict.}

    The rebel surrender follows a crushing defeat at the hands of the UN-backed Congolese armed forces.

    “He is with our forces, yes, Makenga has crossed into Uganda,” a senior Ugandan military officer told AFP news agency, although he declined to clarify if he had formally surrendered or was under arrest.

    Paddy Ankunda, a colonel in the Ugandan army, told AFP news agency on Thursday that 1,500 men from the M23 – a number thought to account for almost the entire force – had crossed into Uganda and given themselves up, and were now being held in the Kisoro border district.

    “About 1,500 fighters surrendered today,” said Ankunda, the spokesman for the Ugandan defence minister Crispus Kiyonga, a mediator in stalled peace talks between M23 and Kinshasa.

    However, Ankunda said he was “not aware” if Makenga was among those to have surrendered.

    Uganda has been accused by United Nations experts of backing the M23. Those claims are strongly denied by Kampala.

    {{Superior firepower}}

    The rebels’ surrender puts paid to fears that they might try to fight on despite having been outweighed by superior firepower, notably helicopter gunships.

    Makenga, 39, a former colonel in the DR Congo army, is accused of masterminding killings, abductions, using rape as a weapon of war and recruiting child soldiers, and is on both UN and US sanctions lists.

    His prescence in Uganda, arrested or not, poses a diplomatic headache for Kampala.

    Congolese troops backed by a special UN intervention brigade with an offensive mandate launched a major assault late last month against the M23 force of army mutineers in turbulent North Kivu.

    After briefly seizing the regional capital and mining hub of Goma last November, the M23 entered into fresh peace talks which fell apart last month, leading the Congolese army to go on the attack in a bid to end the rebellion.

    Makenga was born to parents from the Masisi area north of Goma, but grew up in the neighbouring Rutshuru district.

    Makenga eventually joined the former DRC rebel leader Laurent Nkunda’s National Congress for the Defence of the People. Ever since he has been seen as loyal to Nkunda.

    Source: Al Jazeera

  • FIRST LADY JEANNETTE KAGAME RECIEVES LIFETIME ACHIEVEMENT AWARD

    FIRST LADY JEANNETTE KAGAME RECIEVES LIFETIME ACHIEVEMENT AWARD

    {On november 6th, 2013 – Rwanda’s First Lady, Her Excellency, Jeannette Kagame, was awarded the African Achievers Foundation Lifetime Achievement Award 2013 for her philanthropic work through the Imbuto Foundation.}

    Presenting the award to the Rwanda High Commissioner to UK, the Foundation’s founder and CEO, Mr David Ndiwanyu, hailed Rwanda’s First Lady for her excellent work in empowering women in Rwanda and the continent at large. Out of 2000 entries this year, the AFIA panel of judges determined that Mrs Kagame deserved the honor of a Lifetime Achievement Award, he said.

    Receiving the award on behalf of the First Lady at the Rwanda Mission offices in London, Rwanda’s High Commissioner to the United Kingdom H.E. Williams Nkurunziza, thanked AfIA for the honor and noted: “The First Lady, H.E. Jeannette Kagame is a most deserving winner of this award. She has been and remains a passionate champion of women’s empowerment and girls’ education through the work of the ‘Imbuto Foundation’. She continues to sow seeds of hope by encouraging young women and girls to believe in themselves and work to better themselves, their communities and country.”

    This is the eighth edition of the African Achievers International Awards (AfIA). This year, over 20 organisations and individuals were honored for their selfless services to their communities during the ceremony. The First Lady was shortlisted in four of these awards and walked away with the highest of them all.

  • UN, World Bank boost support for women’s health, girls’ education in Africa’s Sahel

    UN, World Bank boost support for women’s health, girls’ education in Africa’s Sahel

    6 November 2013 – Secretary-General Ban Ki-moon and World Bank Group President Jim Yong Kim pledged today to support an initiative to improve women’s reproductive health and girls’ education in Africa’s Sahel region, and to invest $200 million in a new project to achieve these goals.

    During a historic trip to the region by leaders from five international organizations – the United Nations, the World Bank, the African Union, the African Development Bank, and the European Union – Dr. Kim announced the $200 million Sahel Women’s Empowerment and Demographics Project.

    The initiative, which builds on the Bank’s existing $150 million in commitments over the next two years for maternal and child health programmes in the Sahel, will work across the region to improve the availability and affordability of reproductive health commodities, strengthen specialized training centres for rural-based midwifery/nursing services, and to pilot and share knowledge on adolescent girls’ initiatives.

    While Niger and most of the countries in the Sahel have reduced child mortality significantly in recent years, maternal and child mortality levels remain high, as do fertility rates.

    “This call to action on women’s empowerment and demographics is not simply about numbers. It is about people. When women and girls have the tools to shape their own future, they will advance development for all,” said Mr. Ban, who is on his second joint visit to Africa with the World Bank chief.

    He cited the need to not only take steps to support women, but also the need to change mindsets. “Women should be able to demand their rights. But I also want men to join this call.

    “Help us create conditions where your daughters, your sisters and your wives have full equality. Help us create a society where women never have to fear violence at the hands of men. Help us create families where mothers and fathers decide together how many children they want to have. The time to do this is now,” he stated at the launch of the new initiative.

    “I have full confidence that the men of Niger and the Sahel can support the women here, and that together you can open a new future.”

    Financed by the World Bank’s International Development Association (IDA) – its fund for the world’s poorest countries – the new programme will be closely coordinated with UN agencies and other development partners, and will build on existing investments and analyses of Africa’s demographic dividend already being supported by the World Bank Group.

    “As we work towards ending poverty across the developing world, we know that educating adolescent girls and getting health services to women will lead to greater prosperity not just for individual families but also for entire economies,” said Dr. Kim. “This link is even more critical when countries, such as those of the Sahel, have fast-growing youth populations and are trying to make timely investments to reap a major set of economic gains known as the demographic dividend.”

    Of the World Bank Group’s $350 million for the women’s empowerment and demographics programme – including the $200 million pledge made today – up to $100 million is expected to go to the UN Population Fund (UNFPA). Much of the funding to the UNFPA will be based on country requests for reproductive health commodities and services.

    “High fertility, rapid population growth and a large youth population present unique challenges in the Sahel. Where choices improve for women and girls, fertility declines and opportunities expand,” said UNFPA Executive Director Babatunde Osotimehin.

    “Raising the age of marriage, keeping girls in school, enabling women through family planning to decide the spacing and number of their children, and investing in the health and education of young people, particularly young girls, can unlock a powerful demographic dividend and set countries in the Sahel on the path to sustained, inclusive social and economic growth. The time to act is now.”

    Niger is the second stop on a wider trip to the Sahel region for the development leaders that began in Mali and will also include Burkina Faso and Chad.

    The Sahel has suffered three major droughts in less than a decade. More than 11 million people are at risk of hunger and 5 million children under five are at risk of acute malnutrition. In addition, political instability and unconstitutional changes in Governments have had significant economic and social consequences in the region and terrorist acts, as well as organized crime, have threatened the region’s stability.

    Source: UN

  • Denmark readies to extradite genocide suspect Mbarushima

    Denmark readies to extradite genocide suspect Mbarushima

    {The National Public Prosecution Authority announced that today the Danish Supreme Court delivered its decision in the case of Extradition of Mr. Emmanuel Mbarushimana to Rwanda to be prosecuted for his alleged participation in the 1994 genocide committed against Tutsi. }

    The Supreme Court has confirmed the previous decisions of the City Court of ROSKILDE and Eastern High Court of Denmark.

    The Suspect has exhausted all ways of appeal in Denmark and it will now be the Danish Ministry of Justice to organize with the Government of Rwanda on when Mr. Emmanuel Mbarushimana should be extradited to face trial in Rwanda.

    On behalf of the Government of Rwanda, the NPPA would like to thank the Kingdom of Denmark for the significant vote of confidence it has given to the Rwandan justice system.

    The suspect is charged with genocide, complicity in genocide, conspiracy to commit genocide, murder and extermination committed in the former Muganza Commune, former Prefecture of Butare.

  • Depression: ‘Second biggest cause of disability’ in world

    Depression: ‘Second biggest cause of disability’ in world

    {Depression is the second most common cause of disability worldwide after back pain, according to a review of research.}

    The disease must be treated as a global public health priority, experts report in the journal PLOS Medicine.

    The study compared clinical depression with more than 200 other diseases and injuries as a cause of disability.

    Globally, only a small proportion of patients have access to treatment, the World Health Organization says.

    Dr Alize Ferrari,University of Queensland’s School of Population Health led the study.

    “Depression is a big problem and we definitely need to pay more attention to it than we are now,” she told BBC News.

    Depression was ranked at number two as a global cause of disability, but its impact varied in different countries and regions. For example, rates of major depression were highest in Afghanistan and lowest in Japan. In the UK, depression was ranked at number three in terms of years lived with a disability.

    “There’s still more work to be done in terms of awareness of the disease and also in coming up with successful ways of treating it.

    “The burden is different between countries, so it tends to be higher in low and middle income countries and lower in high income countries.”

    Policy-makers had made an effort to bring depression to the forefront, but there was a lot more work to be done, she added.

    “There’s lots of stigma we know associated with mental health,” she explained.

    “What one person recognises as disabling might be different to another person and might be different across countries as well, there are lots of cultural implications and interpretations that come in place, which makes it all the more important to raise awareness of the size of the problem and also signs and how to detect it.”

    The data – for the year 2010 – follows similar studies in 1990 and 2000 looking at the global burden of depression.

    Commenting on the study, Dr Daniel Chisholm, a health economist at the department for mental health and substance abuse at the World Health Organization said depression was a very disabling condition.

    “It’s a big public health challenge and a big problem to be reckoned with but not enough is being done.

    “Around the world only a tiny proportion of people get any sort of treatment or diagnosis.”

    The WHO recently launched a global mental health action plan to raise awareness among policy-makers.

    Source: BBC

  • A Toddler Remains HIV-Free, Raising Hope For Babies Worldwide

    A Toddler Remains HIV-Free, Raising Hope For Babies Worldwide

    {A 3-year-old girl born in Mississippi with HIV acquired from her mother during pregnancy remains free of detectable virus at least 18 months after she stopped taking antiviral pills.}

    New results on this child, published online by the New England Journal of Medicine, appear to green-light a study in the advanced planning stages in which researchers around the world will try to replicate her successful treatment in other infected newborns.

    And it means that the Mississippi girl still can be considered possibly or even probably cured of HIV infection — only the second person in the world with that lucky distinction. The first is Timothy Ray Brown, a 47-year-old American man apparently cured by a bone marrow transplant he received in Berlin a half-dozen years ago.

    This new report addresses many of the questions raised earlier this year when disclosure of the Mississippi child’s case was called a possible game-changer in the long search for an HIV cure.

    “There was some very healthy skepticism,” Dr. Katherine Luzuriaga, a professor at the University of Massachusetts in Worcester, tells Shots. She’s part of the team that has been exhaustively testing the toddler’s blood and considering every possible explanation for her apparently HIV-free state.

    Luzuriaga is confident the latest tests prove that the child was truly infected with HIV at the time of her birth — not merely carrying remnants of free-floating virus or infected blood cells transferred before birth from her mother, as some skeptics wondered.

    The UMass researcher says there’s no way the child’s mother could have contributed enough of her own blood plasma to the newborn to account for the high levels of HIV detected in the child’s blood shortly after birth.

    Similarly, Luzuriaga says, new calculations show that the mother “would have had to transfer a huge number of [HIV-infected] white blood cells to the baby in order for us to get the [viral] signal that we got early on.”

    Clinching the question as far as the researchers are concerned is the infant’s response to anti-HIV drugs that she began receiving shortly after birth. The remarkable earliness of her treatment is a crucial feature that makes this child different from almost any other.

    “There’s a very characteristic clearance curve of viruses once we start babies on treatment,” Luzuriaga says. “The decay of viruses we see in this baby is exactly what we saw in early treatment trials from 20 years ago when we initiated anti-retroviral therapy and shut off viral replication. That’s a very different decay curve than you would expect if it were just free virus transferred to the baby.”

    It might be helpful to recap the unusual, if not unique, features of the Mississippi case.

    Her mother did not receive prenatal care, so she was not identified as HIV-infected before delivery. If she had been, she would have received drugs that are highly effective in preventing mother-to-child transmission of the virus.

    While the mother was in labor, she got HIV testing, as is routine for women without prenatal care. When that came up positive, Dr. Hannah Gay, a pediatrician at the University of Mississippi Medical Center in Jackson, was ready to test the newborn for infection and start anti-retroviral medicines within 30 hours of birth.

    The treatment quickly cleared the virus from the baby’s blood. Normally such children would stay on antiviral drugs for a lifetime. But in this case the mother – whose life circumstances were reportedly chaotic – stopped giving the child the medication between 15 and 18 months after birth.

    Gay and her colleagues caught up to the child when she was 23 months old and were astonished to discover she was apparently still virus-free despite being off treatment. Five rounds of state-of-the-art testing — at UMass, Johns Hopkins, federal research labs and the University of California San Diego — failed to reveal any trace of the virus in her blood.

    That led to last spring’s report and widely reported hope that the child had been cured of HIV.

    But Dr. Scott Hammer, an HIV researcher at Columbia University in New York, is not quite convinced. “Is the child cured of HIV infection? The best answer at this moment is a definitive ‘maybe,’ ” Hammer writes in a New England Journal editorial that accompanied the report.

    The reason is that a couple of tests done when the child was about 2 years old found indications that her system may contain pieces of RNA or DNA from HIV. This hints that some of the nucleic acid building blocks of the virus are hanging around within her blood cells.

    There’s no evidence these “proviral” remnants are capable of assembling themselves into whole viruses that can make copies of themselves. But researchers are concerned about that possibility and how it might be headed off.

    “The question is whether those viral nucleic acids have the ability at some point to replicate and allow a rebound of the virus,” Luzuriaga acknowledges. “That’s why it’s important to continue to test the baby over time.” She says that means years.

    But for now, the signs from the Mississippi child’s case are encouraging enough to have generated an ambitious global human experiment that Luzuriaga says is in final planning stages.

    Women who present in labor without having had prenatal care will be tested for HIV and, if positive, their infants will be intensively treated within a couple of days of birth, as the Mississippi child was. Then they’ll be followed with the most sensitive tests to determine if the virus has been eradicated.

    If certain criteria are met, researchers plan to decide whether it would be safe to discontinue HIV treatment deliberately and follow the children closely to see if the virus returns. (If it did, treatment would be restarted.)

    If the experiment succeeds, it would be a huge advance in the prevention of childhood HIV and AIDS in many parts of the world. More than 9 out of 10 of the world’s 3.4 million HIV-infected children live in sub-Saharan Africa, where many women deliver without having had prenatal care or HIV treatment. Around 900 children are newly infected every day.

    Meanwhile, researchers pursuing an HIV cure will convene next month in San Francisco to consider various strategies — for adults as well as children. One other recent glimmer of hope was provided this summer by Boston researchers who reported that two HIV-infected men with lymphoma remain virus-free without treatment for several months after stopping antiviral treatment.

    Source: NPR

  • Olympic torch blasts into space ahead of Sochi Games

    Olympic torch blasts into space ahead of Sochi Games

    {The olympic torch successfully blasted off Thursday from earth ahead of the Sochi 2014 Winter Games}.

    NASA Live TV showed the rocket, emblazoned with the pale blue Sochi 2014 logo, launching from the Russian-operated Baikonur cosmodrome on a clear morning in Kazakhstan.

    The torch will make its way to the International Space Station before being taken into space itself — making it the Olympic flame’s first spacewalk in history.

    Russia’s Mikhail Tyurin, NASA’s Rick Mastracchio and Koichi Wakata of Japan beamed at the crowd as they carried the lit torch aboard the Soyuz rocket.

    For safety reasons, the torch will not burn when it’s onboard the space outpost.

    Lighting it would consume precious oxygen and pose a threat to the crew. The crew will carry the unlit torch around the station’s numerous modules before taking it out on a spacewalk.

    The Olympic torch has flown into space once before — in 1996 aboard the U.S. space shuttle Atlantis for the Atlanta Summer Olympics — but will be taken outside the spacecraft for the first time in history.

    “It’s a great pleasure and responsibility getting to work with this symbol of peace,” Tyurin told journalists on Wednesday ahead of the launch.

    The torch will remain in space for five days. Russian cosmonauts Oleg Kotov and Sergei Ryazanskiy, who are currently manning the International Space Station, will take the flame for a spacewalk on Saturday, before it is returned to earth by three astronauts on Monday.

    The four-month Sochi torch relay, which started in Moscow on Oct. 7, is the longest in the history of the Olympics. For most of the 65,000-kilometre (39,000-mile) route, the flame will travel by plane, train, car and even reindeer sleigh, but 14,000 torch bearers are taking part in the relay that stops at more than 130 cities and towns.

    Last month, the Olympic flame travelled to the North Pole on a Russian nuclear-powered icebreaker. Later this month it will sink to the bottom of the world’s deepest lake, Lake Baikal, and in February it will reach the peak of Mount Elbrus, at 5,642 metres (18,510 feet) the highest mountain in Russia and Europe.

    The torch will be used to light the Olympic flame at Sochi’s stadium on Feb. 7, marking the start of the 2014 Winter Games that run until Feb. 23.

    Source: The Associated Press

  • Twitter shares priced at $26 each

    Twitter shares priced at $26 each

    {
    Twitter shares have been priced at $26 each, ahead of its debut on the New York Stock Exchange (NYSE) on Thursday.}

    That is above the $23 to $25 range announced on Monday and values the short messaging service at more than $18bn (£11bn).

    That makes it the biggest market debut for a technology firm since Facebook went public in May 2012.

    Twitter has attracted 230 million users since starting seven years ago, but is yet to make a profit.

    Its losses for the third quarter of 2013 increased to $64.6m, from $21.6m a year earlier and a recent poll by Reuters/Ipsos showed that more than a third of registered users do not use the service at all.

    {{‘Sweet spots’}}

    Nevertheless there was strong demand for the shares and the company was able to raise the offering price twice.

    Some analysts said that investors were excited by Twitter’s potential for growth.

    “Investors see social media and mobile as sweet spots and it is therefore no surprise that Twitter’s IPO is creating so much excitement and is oversubscribed,” said Eden Zoller of consulting firm Ovum.

    However, she added that “Twitter needs to step up and deliver on the expectations that are fuelling its valuation, and show that it has what it takes to provide a sustainable business model”.

    The firm has posted an increase in its sales, which more than doubled in third quarter to $168.6m, and it is looking to raise even more revenue from advertisers outside the United States.

    Mark Mahaney at RBC Capital Markets said that he expected the firm’s shares to rise after listing.

    “Just as Google, Amazon and Facebook have become Internet utilities, so too may Twitter,” he said.

    “As a public, real-time, conversational and distributed platform, Twitter is becoming an essential service for consumers, businesses, media companies, and advertiser.”

    {{Rich men}}

    Twitter’s $18bn valuation includes the value of shares in compensation schemes for employees and other share awards.

    Co-founder Evan Williams is the biggest shareholder in the firm with a stake of more than 10% worth more than a billion dollars.

    Another of the founders, Jack Dorsey, will also become a very rich man. His 4% stake is worth more than half a billion dollars.

    Biz Stone, another co-founder, is thought to have made millions by selling holdings over the last few years.

    But Noah Glass, also one of the originals, is believed to have made very little from the company’s success.

    {{NYSE debut}}

    Twitter is selling 70 million shares, which will raise $1.82bn, for the company.

    Unlike Facebook, Twitter has chosen to trade its shares on the New York Stock Exchange.

    Facebook’s debut on the Nasdaq – traditionally the market of choice for technology firms – was marred by delays and problems with orders.

    The NYSE has already tested trading of Twitter’s shares to try to avoid any technical hitches.

    The shares will trade under the symbol “TWTR”

    Source: BBC