Author: i2wtc

Listen to article The Sindh government has introduced a speed limit of 30 kilometres per hour (km/h) for heavy transport vehicles (HTVs) in Karachi, in an effort to address the city’s growing traffic concerns, Express News reported on Tuesday. The decision comes as part of a comprehensive strategy aimed at improving road safety and enforcing stricter regulations on vehicles. A high-level meeting chaired by Sindh Chief Minister Syed Murad Ali Shah was held in Karachi to discuss pressing traffic issues. The meeting included key provincial ministers, the Mayor of Karachi, and senior police officials. During the discussions, several important decisions were made, including…

For weeks, stock markets have been falling, and the plunge accelerated after United States President Donald Trump on April 2 unveiled US tariffs on virtually every country. Commenters on social media have said the drop in stock prices could portend a recession. Professional analysts at JPMorgan have estimated a 60 percent likelihood of a recession, while Goldman Sachs and Morningstar put the odds between 40 and 50 percent. So what is a recession? Is there a connection between stock market declines and recessions? And would a tariff-driven recession differ from past recessions? Here are some answers. What happens during a recession? Several…

The world produced more than 40 percent of its electricity from clean energy sources for the first time since World War II last year, a new report from a global energy think tank says. Staggering growth in solar generation has led the charge, doubling every three years since 2012, Ember said in its report on Tuesday. Together with nuclear power, hydroelectricity and growing wind power, low-emissions electricity generation has now reached 40.9 percent. “Solar power has become the engine of the global energy transition,” said Phil MacDonald, managing director of Ember, based in London. “As the fastest-growing and largest source…

Jakub Porzycki | Nurphoto | Getty ImagesRipple on Tuesday said that it’s agreed to buy prime brokerage firm Hidden Road for $1.25 billion, in the crypto startup’s biggest acquisition to date.Founded in 2018, Hidden Road offers clearing, prime brokerage and financing services across foreign exchange, digital assets, derivatives, swaps and fixed income. It currently clears more than $3 trillion annually across markets with over 300 institutional customers, including hedge funds.The acquisition marks one of the largest deals in the digital asset space to date, topping Stripe’s $1.1 billion February deal to buy Bridge, a platform that makes it easier for…

China is playing with ‘losing hand’ in tariff standoff, Bessent saysU.S. Treasury Secretary Scott Bessent says China is playing with a “losing hand” in the escalating tariff back-and-forth between the two countries.”I think it was a big mistake, this Chinese escalation, because they’re playing with a pair of twos,” Bessent said on “Squawk Box.” Other countries appear to be more willing to negotiate than China, he said.”If they come to the table with solid proposals, I think we can end up with some good deals,” he said, “and part of the calculus of that may be that some part of…

Listen to article Islamabad Police have completed their security arrangements for teams participating in HBL Pakistan Super League (PSL) X. The measures were finalised following an inspection of key duty points and team accommodations by SSP Security, Muhammad Sarfaraz Virk. Virk, acting on the orders of IG Islamabad Police Ali Nasir Rizvi, emphasised the use of advanced technology to ensure the safety of the players and smooth conduct of matches in Rawalpindi. The opening match of the season will take place at Rawalpindi Cricket Stadium on Friday, featuring Islamabad United against Lahore Qalandars, starting at 8:30 PM. The police have committed to…

The spacecraft with two Russian and one American astronaut took off from the Baikonur Cosmodrome in KazakhstanA Russian rocket carrying a crew from the United States and Russia has docked with the International Space Station (ISS). The Soyuz MS-27 spacecraft lifted off from the Baikonur Cosmodrome in Kazakhstan at 10:47am (05:47 GMT) on Tuesday. Space flight remains a rare avenue of cooperation between the US and Russia, with ties having broken down after Moscow unleashed its war in Ukraine in February 2022. With NASA’s Jonathan Kim and Russian astronauts Sergei Ryzhikov and Alexei Zubritsky on board, the vessel docked with…

A sign for US drugstore chain Walgreens is displayed outside its store in New York City on March 7, 2025.Angela Weiss | AFP | Getty ImagesWalgreens on Tuesday reported fiscal second-quarter earnings and revenue that topped expectations, as the retail drugstore giant benefits from cost cuts and prepares to go private.The company is in the process of being taken private by Sycamore Partners in a roughly $10 billion deal that is expected to close in the fourth quarter of this year. The company withdrew its fiscal 2025 guidance given the pending transaction. In January, it said it expects a full-year…

An image provided by Pindrop Security shows a fake job candidate the company dubbed “Ivan X,” a scammer using deepfake AI technology to mask his face, according to Pindrop CEO Vijay Balasubramaniyan.Courtesy: Pindrop SecurityWhen voice authentication startup Pindrop Security posted a recent job opening, one candidate stood out from hundreds of others.The applicant, a Russian coder named Ivan, seemed to have all the right qualifications for the senior engineering role. When he was interviewed over video last month, however, Pindrop’s recruiter noticed that Ivan’s facial expressions were slightly out of sync with his words.That’s because the candidate, whom the firm…

Listen to article Mari Petroleum Company Ltd has announced the discovery of new oil and gas reserves at the Spinkwam-1 well, located in the Lokhart Formation of the Waziristan Block in North Waziristan, Khyber-Pakhtunkhwa, Express News reported on Tuesday. According to initial test results, the well is producing 70.3 million standard cubic feet per day (MMSCFD) of gas and 310 barrels per day (BPD) of condensate at a wellhead flowing pressure of 3,264 psig through a 64/64″ choke. Mari Petroleum holds a 55% working interest and operates the block, while Oil and Gas Development Company Ltd (OGDCL) and Orient Petroleum hold 35%…