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ZODIAC

  1. Russia steps up strikes on targets in western Ukraine, saying it was disrupting Western arms deliveries
  2. Agitated citizens in Lahore, Gujranwala, & Multan staged protests due to prolonged, unannounced load-shedding
  3. Prince Harry will not be getting a chance to meet Charles as communication breaks down completely
  4. European governments being forced into new, damaging lockdowns as countries report new cases of the novel coronavirus
  5. Last time, Pakistan reported over 4,000 cases was in July 2 when 4,087 people were diagnosed with coronavirus
  6. Farmer leaders have announced the closure of major roads connecting Delhi & a hunger strike beginning from Monday
  7. Photo: FileThe gas crisis has life made difficult for Pakistanis who are already finding it difficult to brave cold temperatures during the winter season. Women in Peshawar are finding it difficult to light fires by burning wood due to non-availability of gas while in Quetta, the gas loadshedding is causing problems in the harsh cold for people. Commercial and residential users of gas have been severely affected by the shortage as it is increasingly becoming difficult for them to cook food. Federal Minister for Petroleum, Ghulam Sarwar Khan, had earlier said the gas crisis, including the problem of low gas pressure would be resolved soon as steps were being taken to mitigate the sufferings of the consumers. The government has decided to close CNG stations across Punjab and Islamabad from December 28 to January 10. On December 13, Prime Minister Imran Khan dissolved the board of directors of the Sui Northern Gas Pipelines Limited (SNGPL) and the Sui Southern Gas Company Limited (SSGCL) owing to the prevailing gas shortfall in the country.
  8. Vehicle lights cause light streaks on the road during a power outage in a residential area of Karachi, Pakistan, November 4, 2015. REUTERS/Akhtar Soomro/Files KARACHI: An increase in the already-severe countrywide power outage Thursday night left...
  9. LONDON: Cryptocurrencies plunged on Friday, with bitcoin at one point sliding below $8,000 and headed for its biggest weekly loss since December 2013, as worries about a regulatory clampdown globally sent investors scrambling to sell. The currencies have come off their lows but analysts said the sell-off was probably not over. This week?s slump brought the total market value of cryptocurrencies down to around $400 billion, half the high it reached in January, according to industry tracker Coinmarketcap.com. The market value of cryptocurrencies is calculated by multiplying the number of digital coins in existence by their price, although many question whether that is the right way to value them. Bitcoin, the biggest and best-known cryptocurrency, fell as much as 15 percent on Friday to a two-month low of $7,625 on the Luxembourg-based Bitstamp exchange BTC=BSP. It clawed back some losses and was down around 4.1 percent at $8,623.50 in mid-morning New York trading. The virtual currency is down by close to 25 percent this week and almost 40 percent in 2018. The second and third largest virtual currencies, Ethereum and Ripple, also plunged more than 20 percent at the session low, Coinmarketcap.com said. Ethereum was last down 18.2 percent, at $913.37, while Ripple last traded at 80 US cents, down 16.7 percent. Retail investors have poured money into digital coins, enticed by the huge run-up in prices. Regulators say cryptocurrencies are highly speculative and dangerous investments. On Thursday, India vowed to eradicate the use of crypto-assets, joining China and South Korea in promising to ban parts of the nascent market where prices have boomed in recent years. Social media website Facebook said this week it would ban cryptocurrency advertisements because many were associated with misleading or deceptive promotional practices. US regulators have sent a subpoena to two of the world?s biggest cryptocurrency players, Bitfinex and Tether. ?The growing confusion revolving around the Indian government?s view on cryptocurrencies sparked uncertainty, consequently exposing bitcoin to downside risks,? said Lukman Otunuga, research analyst at FXTM. ?Price action suggests that bears are clearly in control, with further losses on the cards as jitters over regulation erode investor appetite further,? he added. A massive $530 million hack of a Japanese cryptocurrency exchange last week renewed worries about the security of the industry. Critics of virtual currencies have called the run-up in prices a speculative bubble, but supporters of cryptocurrencies say short-term price volatility is to be expected, and the blockchain technology underpinning these assets maintains its power and value. Going back to 2011 and including the current selloff, bitcoin?s price has been halved nine times on the Bitstamp exchange before recovering. The last time was from November 2014 to January 2015.
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