Author: i2wtc
Omar Marques | Sopa Images | Lightrocket | Getty ImagesDeFi Development, a company vying to be the MicroStrategy of Solana, is expanding internationally through a franchise model.The company plans to partner with others looking to operate their own Solana treasuries with DeFi’s support. In return, DeFi Development will retain an equity stake in each regional vehicle. The initiative will be branded DFDV Treasury Accelerator.”Most crypto treasury vehicles today are following the MicroStrategy model. What excites us about DFDV is that they’re not just copying the playbook. They’re evolving it,” said Cosmo Jiang, general partner at investor Pantera Capital. “By combining…
ISLAMABAD: Minister of State for Interior Talal Chaudhry has said that the government has taken robust measures to curb the misuse of identity documents and emphasised that no provincial discrimination occurred during the national verification campaigns of family trees and Computerized National Identity Cards (CNICs). Responding to questions from senators during the upper house session the other day, the minister stated that over 5,000 passports issued to individuals falsely claiming Pakistani nationality were detected abroad, mainly in Saudi Arabia, and subsequently surrendered by the holders themselves, admitting they were not Pakistani citizens. Chaudhry said that investigations showed many of these…
Cases of Pepsi soda are displayed at a Costco Wholesale store on April 25, 2025 in San Diego, California. Kevin Carter | Getty ImagesPepsiCo on Thursday reported quarterly earnings and revenue that topped analysts’ expectations, despite weaker demand for its food and drinks in North America.Shares of the company rose roughly 1% in premarket trading.Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: $2.12 adjusted vs. $2.03 expectedRevenue: $22.73 billion vs. $22.27 billion expectedPepsi reported second-quarter net income attributable to the company of $1.26 billion, or 92 cents per share,…
Listen to article ISLAMABAD: The federal cabinet on Wednesday approved 15% increase in pensions provided by the Employees’ Old-Age Benefits Institution (EOBI), effective from January 1, 2025, on the recommendation of the Ministry of Overseas Pakistanis and Human Resource Development. This increase will be funded from the institution’s own resources. The meeting of the federal cabinet was held under the chairmanship of Prime Minister Muhammad Shehbaz Sharif. The prime minister directed the formation of a cabinet committee to introduce institutional reforms in EOBI. The committee will also deliberate on proposals to extend old-age benefits to the informal labor sector, including domestic workers,…
A visitor interacts with a smart bionic hand at the booth of Qualcomm in the Digital Technology Chain area of the third China International Supply Chain Expo (CISCE) in Beijing, capital of China, July 17, 2025. Themed on “Connecting the World for a Shared Future,” the expo, hosted by the China Council for the Promotion of International Trade, kicked off in Beijing on Wednesday.Held from July 16 to 20, the 2025 CISCE gathered more than 650 companies and institutions from 75 countries, regions and international organizations, along with over 500 of their upstream and downstream partners. (Xinhua/Ding Hongfa)A robot of…
Listen to article ISLAMABAD: The finance ministry on Wednesday finally admitted that the International Monetary Fund (IMF) objected to Pakistan’s tax exemptions on sugar imports. Despite this, the government has entered into yet another agreement with the Pakistan Sugar Mills Association (PSMA), allowing future sugar exports if total stocks exceed seven million metric tonnes. The new agreement, signed on July 14 between the minister for national food security and research and the all-powerful PSMA, aims to persuade millers to keep ex-factory sugar prices between Rs165 and Rs171 per kilogram until October 15. It signals that the government has not learnt from its…
Listen to article ISLAMABAD: The foreign ministers of Pakistan and China on Wednesday agreed to further bolster their bilateral cooperation in order to promote regional peace, stability and development. Senator Ishaq Dar and Wang Yi met on the sidelines of the Shanghai Cooperation Organization (SCO) meeting in Tianjin and reviewed bilateral ties and discussed regional and international development. The meeting took place before Dar wrapped up his three-day trip to China where he went to attend the SCO Council of Foreign Ministers meeting. A statement issued by the Foreign Office said Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar met…
U.S. hyperscalers Meta and Alphabet ‘s Google are rolling out a fast-growing web of transcontinental subsea cables, looking to keep pace with ever-increasing bandwidth demand and artificial intelligence workloads. Submarine cables are the backbone of the world’s internet and telecommunications infrastructure, enabling everything from international phone calls to financial transactions. While satellites play a complementary role, these largely unseen data super-highways carry the vast majority of global internet traffic. By some estimates , as much of 95% of international traffic passes through fiber-optic cables across the ocean floor. Subsea cables have typically been the domain of telecom giants and state-backed…
MANAMA: Pakistan’s young cueist Muhammad Hasnain Akhtar delivered a dominant performance in the IBSF Under-17 World Snooker Championship, securing two emphatic victories to top his group and qualify for the pre-quarterfinals here at the Crowne Plaza hotel on Wednesday. The 16-year-old continued his scintillating form, first overpowering Mohammad Omar 3-0 of the UAE with a display of heavy scoring. Hasnain fired breaks of 61 [98(61)-5], 65 [74(65)-1] and 54 [92(54)-8] to seal a commanding win. He maintained this momentum against Poland’s Witold Bystrzycki, completing another 3-0 clean sweep. Hasnain, who won the Asian U-21 title in Riyadh in 2024, opened…
A woman tries out a Nubia smartphone in Buenos Aires, Argentina, on July 15, 2025. Chinese tech company ZTE held a product launch event in Buenos Aires on Tuesday, unveiling 10 new Nubia-branded devices, including smartphones. According to the company, all the new products are assembled in Río Grande, Tierra del Fuego Province, and became available nationwide in Argentina starting July 16. (Photo by Martin Zabala/Xinhua)People try out Nubia smartphones in Buenos Aires, Argentina, on July 15, 2025. Chinese tech company ZTE held a product launch event in Buenos Aires on Tuesday, unveiling 10 new Nubia-branded devices, including smartphones. According…