United States on Thursday imposed fresh sanctions targeting Iran’s military-linked oil trade network, despite reports suggested that Washington and Tehran have reached a tentative agreement to extend their ceasefire and ease restrictions on shipping through the Strait of Hormuz.The US Treasury Department said it has sanctioned eight vessels involved in transporting Iranian crude oil and…
The decentralized finance (DeFi) sector has been hit by recent criticism and negative commentary following a $20 billion drop in total value locked (TVL) and $1.1 billion lost to hacks like the $292 million Kelp DAO bridge exploit. DeFi isn’t safe anymore because AI is becoming ‘superhuman’ at hacking, former OpenZeppelin CTO and co-founder Manuel…
Earthquake in Nepal (Image source: ANI) India has announced grant assistance worth Nepali Rupees 560.2 million (approximately Rs 35.1 crore) for the construction of 14 schools in quake-hit regions of Nepal as part of its continued support for the country’s reconstruction and development efforts.Nepal continues to rebuild its public infrastructure more than a decade after…
MUMBAI: You probably do not care much about your inactive accounts on online platforms such as Amazon or Flipkart. But do you know that your dormant e-commerce accounts are being targeted by fraudsters?Unlike financial transactions which usually leave a trail and are notified to users through mobile alerts or messages, suspicious transactions made through e-commerce…
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Oil prices fell slightly on Friday after reports of a potential extension of a US-Iran ceasefire amid the ongoing Middle East conflict that has stretched beyond three months.Prices of Brent crude fell 0.37% to $93.36 a barrel, while US oil futures slipped 0.71% to $88.27 a barrel, as traders reacted to shifting signals around a…
Europe may struggle to contain a financial shock tied to crypto firms and banks because its crisis tools are more limited than those used in the U.S. during the 2023 banking turmoil, a senior official with European bank UniCredit said Thursday. Elena Carletti, UniCredit’s deputy vice chair and head of the board’s risk committee, said…
Congress’ Rahul Gandhi has said education minister Dharmendra Pradhan must answer why CBSE’s OSM contract was given to “Globarena” that had a tainted record, even if under a different name, “COEMPT”. He also sought information on the “connection between COEMPT’s management and the Modi govt”.After Pradhan attacked Rahul for seeking his resignation, Gandhi said, “Dharmendra…
FDI was supposed to be the dependable kind of foreign money — the kind that built factories, brought technology and stayed for the long haul. FPI was the flighty cousin, quick to exit when markets turned. But India’s net FDI has now shrunk to a trickle as rising repatriation and disinvestment offset strong inflows. What…
