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19/07/2024

MrBeast, the world’s most popular YouTuber, has revealed that posting a single video to X, formerly Twitter earned him $250,000.

The video, which generated over 155 million views, was part of an experiment to test the platform’s ad revenue potential.

Despite this impressive result, MrBeast views the earnings as exceptional due to his high profile and doubts other users will achieve similar returns.

This test comes amid X's efforts to boost engagement and revenue under Elon Musk’s leadership.

08/02/2024

An image of a young polar bear drifting off to sleep on an iceberg has won the UK's annual Wildlife Photographer of the Year People’s Choice Award.

The shot was captured by British amateur photographer Nima Sarikhani in Svalbard, a Norwegian archipelago in the Arctic Ocean, a region particularly affected by global warming.

Mr Sarikhani said he wanted the photograph to inspire hope and that there is still time to “fix the mess we have caused” by the human-made climate crisis.

07/02/2024

Under Prime Minister Anwaarul Haq Kakar's caretaker administration, a new benchmark has been set in bank borrowing, soaring to nearly Rs4 trillion from July 1, 2023, to January 19, 2024.

This remarkable surge reflects a significant 185% increase compared to the same period in the preceding fiscal year, where the government borrowed Rs1.398 trillion, as per data from the State Bank of Pakistan. Despite meeting revenue collection targets for the first six months, concerns arise over the economic repercussions as Pakistan grapples with a substantial debt burden, exacerbated by inflation, sluggish economic growth, and the challenge of addressing circular debts in the power sector.

The borrowing strategy, with returns around 21%, poses a costly endeavor for the caretaker government, consuming over half of the budget allocated for debt servicing alone. This approach has faced criticism from financial experts and is acknowledged by the government as a significant economic challenge.

Banking institutions have emerged as primary beneficiaries, reporting doubled profits in 2023. With a trend of increased borrowing in FY22 and FY23, it appears unlikely to reverse in the near term. The looming general elections on February 8 and the anticipated formation of a new government may extend political uncertainties, dampening investment prospects.

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