The major changes concerning imported coal-fired power facilities were revealed during the recent visit to China by Energy Minister Owais Leghari and Finance Minister Muhammad Aurangzeb. Sources claim that China has approved the conversion of three power stations that now run on imported coal to local coal. Given thatContinue Reading
(Reuters) – By 2030, Russia hopes to have the four main modules of its new orbiting space station built, the country’s space agency Roscosmos said on Tuesday. The directors of 19 businesses engaged in building the new station, together with Roscosmos chief Yuri Borisov, approved the schedule. The organisation reaffirmedContinue Reading
According to a top WFP official, the globe is entering a “humanitarian doom loop” because Russia has not provided the Rome-based UN agency’s globe Food Programme (WFP) with free grain. WFP Deputy Executive Director Carl Skau described the Black Sea Grain Initiative’s demise when Russia stopped its participation as “regrettable,Continue Reading
Elon Musk stated on Saturday that Twitter’s cash flow is still negative due to a nearly 50% decline in advertising revenue and a high debt load, falling short of his prediction from March that Twitter might become cash flow positive by June. Musk responded to demands for recapitalization in aContinue Reading
Prime Minister Shehbaz Sharif said on Tuesday that the government hoped to attract billions of dollars in investment from Gulf Cooperation Council (GCC) countries in the country’s food and agriculture sectors. In a tweet, he stated that the GCC countries import $40 billion in food and agricultural products each year.Continue Reading
ISTANBUL: On Wednesday, more than a week after President Recep Tayyip Erdogan’s reelection, the Turkish lira hit a new low versus the US dollar. Prior to the presidential election, the central bank had supported the currency, but at roughly 0645 GMT, it had fallen 5% to 22.77 lira to theContinue Reading
Pak Suzuki Motor Company Ltd. (PSMCL), the country’s largest producer of light trucks and cars, pleaded with Prime Minister Shehbaz Sharif not to impose “new duties and taxes” in the upcoming budget for 2023–24, citing its struggles and setbacks as a result of “economic uncertainties.” The auto assembly firm, accordingContinue Reading
The U.S. National Security Agency (NSA) was planning to exploit specifically created backdoor flaws in Apple phones, according to a report released on Thursday by Russia’s Federal Security Service (FSB). This malware was previously undisclosed. Several thousand Apple phones, including those of domestic Russian users, have been infected, according toContinue Reading
Temasek Holdings (TEM.UL), a Singapore-based state investor, announced on Monday that it has reduced remuneration for the team that proposed its investment in the now-defunct FTX bitcoin exchange, as well as its top management team. Temasek started an internal examination of its stake in FTX six months ago, which resultedContinue Reading
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 overContinue Reading
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