Business

Web Desk — The Federal Trade Commission (FTC) has warned people about increasing fraud at Bitcoin ATMs. According to the FTC report, the ATMs allowing people to turn their cash into crypto, have become a tool for scammers to perpetrate fraud. The FTC says that fraud at Bitcoin ATMs has become manifold since 2020. It says that just in the …

Web Desk — According to Fitch Ratings the primary challenges for the Chinese corporates can be grouped into three themes: trade protectionism, weaker Chinese economic growth, and a rollback of US climate-related policies if Donald Trump wins a second presidential term. Fitch expects a potential major policy shift if Trump wins the upcoming presidential election in November 2024. The technology …

Web Desk — The Renewable Energy Test Center (RETC) in its annual PV Module Index report provides a comprehensive evaluation of solar panels’ reliability, quality, and performance. Based on rigorous testing, this year’s report highlights the top performers in various categories, offering valuable insights for project stakeholders seeking the best solar solutions. RETC tests the efficiency of solar modules by …

Web Desk — The Tesla Cybertruck’s gigantic windshield wiper reportedly has some issues and as a result, isn’t working properly for some people. According to users on the Cybertruck Owners Club forum, the wiper issues are apparently to blame as Tesla has been delaying Cybertruck deliveries on short notice. The Verge has reported one forum user saying that Tesla told …

Web Desk — KIA Motors Pakistan has unveiled the striking new look of its Sportage model to increase its customers. The company announced a minor upgrade in the crossover SUV in a Facebook post. “Introducing a striking new look for Kia Sportage Limited Edition with a distinct new emblem,” read the caption as the company shared photos of KIA’s upgraded …

Web Desk – Customers impacted by the dramatic crash of cryptocurrency exchange FTX 17 months ago will receive their money back plus interest. FTX co-founder and former CEO Sam Bankman-Fried (SBF) has already been found guilty on seven counts related to fraud, conspiracy, and money laundering, with some $8 billion of customers’ funds going missing. SBF was awarded a 25-year …

Web Desk — One of the major ride-hailing apps – Uber has announced to stop operations in Pakistan, media has reported. The company was operating only in Lahore after ending operations in five other cities in 2022. As Uber’s spokesperson says, it will be taken over by subsidiary Careem in Lahore. He said the company had decided to cease its …

Web Desk — The Central Power Purchasing Authority (CPPA) has proposed the imposition of tax on installation of solar panel systems for domestic or commercial purposes. The authority has asked the government to receive Rs2,000 per kilowatt tax from users of solar panels. People call it a move that would discourage those shifting to solar for producing electricity. The tax …

Web Desk — Yamaha YBR-125 aims at giving tough competition to rival companies in Pakistan with its sporty looks and powerful engine. Its 4-stroke OHC 125 cc engine will happily propel you around city streets with its smooth fuel injection and five-speed gearbox. Yamaha YBR 125 features both Self Starter/Kick Starter systems. Its ignition system is 12V DC – CDI …

Web Desk — Pak Suzuki Motor Company Ltd (PSMCL) said its corporate data was leaked due to a cyberattack. PSMCL, in a stock filing on Monday, said initial investigations suggest that the server’s data related to human resources, financials, etc., has been ported to a public IP. “We have onboarded a security consultant to conduct a detailed forensic assessment and …