Author: Press Room

By Asif Shahzad ISLAMABAD (Reuters) – Pakistan’s current account recorded a surplus in March, the highest in two years, the country’s central bank and market analysts said, following stringent import restrictions to manage the South Asian economy’s turmoil. Islamabad is trying to get an IMF bailout back on track and both sides have been engaged since early February in talks to clear a 9th review of the package agreed in 2019. The bank’s statement said the current account posted a $654 million surplus in March against a deficit of $36 million the previous month. Mohammed Sohail of Karachi-based brokerage Topline…

SVB Financial Group, the company that owned the failed Silicon Valley Bank until the US government took it over last month, announced that two of its top executives have left their jobs. Gregory Becker, the company’s former CEO, and Daniel Beck, SVB’s former chief financial officer, left the company earlier this week, the financial services company said in a regulatory filing. Beck resigned on Tuesday and Becker resigned as both a board member and CEO Wednesday. The company requested he remain as a corporate consultant “on an as needed basis” without charging SVB for his services. SVB filed for Chapter…

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Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.Everyone wants DeFi that’s immune to manipulations, permissionless stablecoins, decentralised RWAs, low-risk LSDs and seamless cross-chain communication. But, no one wanted to talk about oracles – the layer of middleware infrastructure that makes it all possible. Until the Blockchain Oracle Summit!Introducing BOS23, the only technical event on the blockchain calendar that focuses fully on the intricacies of how data moves on-chain. Taking place 21-22 July at Pan Piper in Paris, just after EthCC. The small scale event has just 200 tickets for sale, a full line up…

Dongfeng eπ Chinese state-owned automaker Dongfeng presented an electric concept with possibly the strangest name ever: the eπ2023.Dongfeng is calling its new EV brand “eπ,” and I’ll let the company explain what that means: “‘e’ represents ‘electron,’ which is the simplest unit of electricity, while the discovery and calculation process of ‘π’ reflects the scientific spirit of human perseverance and exploration of the unknown.”The smooth, rounded concept likely won’t make it to production, but it sure looks cool.  Read the full article here

International governments are racing against time to evacuate thousands of diplomatic staff trapped in Sudan’s capital Khartoum, where fighting continued on Friday despite a proposed truce to coincide with the start of Eid. “Everyone has been caught off guard and it’s complete crisis,” said a western official working to evacuate European diplomats. “There are no good options and we don’t have confidence that any of them are safe.”Fierce fighting between the Sudanese armed forces and a powerful paramilitary group that erupted last weekend has made Khartoum’s international airport unusable, with a number of civilian aircraft at the facility reduced to…

CNN Supreme Court analyst explains what justices’ public dissent say about state of the Court The Supreme Court protected access to a widely used abortion drug by freezing lower-court rulings that placed restrictions on its usage. CNN Supreme Court analyst Joan Biskupic discusses Justices Clarence Thomas and Samuel Alito publicly dissenting. Read the full article here

Shares of Berkshire Hathaway Inc. Cl B BRK.B inched 0.16% higher to $324.33 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX rising 0.09% to 4,133.52 and the Dow Jones Industrial Average DJIA rising 0.07% to 33,808.96. This was the stock’s second consecutive day of gains. Berkshire… Read the full article here

Oil prices have given back almost all of the gains they made after OPEC and its allies surprised the market by agreeing to cut production by 1.2 million barrels a day starting in May. It’s a sign that the oil market is more focused on demand now, and doesn’t see enough evidence that countries are using more oil. Weak demand is also weighing on oil stocks, which have had a mediocre month despite OPEC’s actions. The SPDR S&P Oil & Gas Exploration & Production ETF (ticker: XOP) is trading flat since before the announcement, and is down 0.8% so far…

SpaceX’s first test launch of its giant Starship and Super Heavy rocket from Boca Chica, Texas, kicked up a cloud of dust that dropped sand and soil on the nearby city of Port Isabel. The massive rocket cleared the launchpad Thursday morning but exploded just minutes into its flight, or as SpaceX said, “experienced a rapid unscheduled disassembly.” The… Read the full article here