Sotheby’s reported Friday that seven non-fungible tokens from failed cryptocurrency hedge firm Three Arrows Capital had sold for around $2.5 million. “Fidenza #725,” an artwork with geometric dashes and curves in a subtle palette of cream, yellow, pink, and black, won the highest price of the tokens, fetching more overRead More →
ISLAMABAD: The Finance Division confirmed Saturday that the International Monetary Fund (IMF) has not expressed worry over the government’s likely use of IMF loans for electioneering. According to a statement issued by the division, the delay in signing an agreement with the IMF is due to the lender’s need forRead More →
ISLAMABAD: As part of the G-20 Debt Service Suspension Initiative (DSSI) framework, the federal government on Monday signed a Debt Service Suspension Agreement with the Republic of Korea equating to the postponement of payment of loans totaling $19.911 million. According to a news statement from the Economic Affairs Division (EAD),Read More →
(Reuters) HANOI – According to the Ministry of Industry and Trade late on Monday, the prime minister of Vietnam has given his approval to a power plan that calls for investing $134.7 billion to build new power plants and infrastructures between 2021 and 2030. According to a statement from theRead More →
SG – Singapore On Monday, oil prices declined as concerns about gasoline consumption in the world’s two biggest consumers, the United States and China, offset positive expectations about a tightening of supply due to probable OPEC+ production cuts and a restart of US purchases for reserves. In contrast to USRead More →
The Group of Seven (G7) industrial nations and the European Union would prohibit Russian gas imports on routes where Moscow has restricted supply, according to the Financial Times, citing sources participating in the talks. The agreement, which will be formalised by G7 leaders at a summit in Hiroshima beginning onRead More →
Many users in Pakistan are allegedly unable to access the prominent social media sites Twitter, Facebook, and Instagram on Tuesday evening. Users are unable to log in to their accounts on all three sites, according to the outage-tracking website Downdetector.com, which means they cannot publish or read anything. Downdetector monitorsRead More →
WASHINGTON (Reuters) – The U.S. Employers in the United States increased hiring while rising compensation for employees in April, pointing to continuing labour market resilience that might see the Federal Reserve hold interest rates higher for some time. Nonfarm payrolls grew by 253,000 last month, according to the Labour Department’sRead More →
(Reuters) – The International Monetary Fund (IMF) is collaborating with Pakistani authorities to complete the ninth assessment of a bailout plan, according to the mission commander. He said that money was essential for the cash-strapped nation to avoid economic disaster. Pakistan and the IMF have been debating fiscal policy measuresRead More →
KARACHI, (Reuters) – Trukkr, a fintech platform for Pakistan’s trucking sector, said on Tuesday that it had collected $6.4 million in a financing round and got an NBFC licence. Trukkr provides a transport management system and supply chain solutions to Pakistan’s small and medium-sized trucking enterprises, and is unique inRead More →
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