Author: TheSpuzz Desk

Pakistan is struggling with instability stemming from an economic crisis Islamabad: The beleaguered Pakistani economy faces substantial credit risks with “critically low levels” of foreign exchange reserves, New York-based global ratings agency Fitch said on Tuesday, warning that a default is a “real possibility.” Fitch downgraded Pakistan’s long-term foreign currency issuer default rating (IDR) to ‘CCC-‘ from ‘CCC+’, citing further worsening in liquidity and policy risks. The downgrade reflected a sharp deterioration in external liquidity and funding conditions, along with decline of foreign exchange (FX) reserves to “critically low levels,” Fitch said. “Falling reserves reflect large, albeit declining, current account…

The video has accumulated more than 125,000 likes and over one million views. Tanzanian content creator Kili Paul and his sister Neema are popular for making Instagram Reels where they are seen lip-syncing and sometimes dancing to Hindi movie songs. Now, they are back with another video, and this time they have taken the internet by storm by dancing to the South Indian track ‘Tum Tum’ from the movie ‘Enemy’.  The duo shared the video earlier this month on February 5 on Instagram. “One more time,” they wrote in the caption of the post along with a fire emoji.  Watch…

Check out all the on-demand sessions from the Intelligent Security Summit here. Do you have a brand you just can’t live without? Maybe you’re a geek for Apple products, buy all your shoes from Zappos or simply refuse to get your groceries anywhere but Trader Joe’s. These companies might not appear to share much in common, but all three are household names with extraordinarily loyal followings. Their success stems from the ability to deliver exceptional customer experiences and develop innovative products and services that customers can’t get anywhere else. Consumers don’t just like these brands — they love them. As…

BuzzFeed’s first quizzes that integrate AI writing tools are live today, with Valentine’s Day-themed content like, “Date Your Celeb Crush With The Magic Of AI” and “This AI Quiz Will Write A Rom-Com About You In, Like, Less Than 30 Seconds.” The result is a slightly more interesting Mad Libs — and a much more tedious way to use ChatGPT.In a memo to staff last month, BuzzFeed CEO Jonah Peretti told staff the company would “lead the future of AI-powered content and maximize the creativity of our writers, producers, and creators and our business.” The first set of quizzes prompts…

German engineering and technology giant Siemens has become one of the first companies in Germany to issue a digital bond on a public blockchain, worth €60 million, with a maturity of one year, in accordance with Germany’s Electronic Securities Act. According to the announcement, the bond was sold directly to investors such as DekaBank, DZ Bank, and Union Investment, without the need for central clearing and paper-based global certificates. Siemens noted that the process enabled transactions to be executed much faster and more efficiently than traditional bond-issuing methods.  Siemens emphasized the benefits of using digital bonds over traditional bond-issuing methods in…

The Union Budget 2023-24 has an ambitious revenue growth assumption but maintains a slow and steady pace of fiscal consolidation, S&P Global said on Tuesday. “Government’s revenue receipts target for FY24, is a little bit ambitious as it is higher than the growth (experienced) in FY23 amid expected slowing of economic growth and cooling inflation,” Andrew Wood, Director, Sovereign & International Public Finance Ratings, S&P Global Ratings said. Wood said that India’s fiscal metrics (interest payment, debt-to-GDP ratio) have been very stable over the past 15 years and are going to remain within bounds over the next few years based…

Iran was rocked by months of protests sparked by the death of Mahsa Amini. (File) Tehran: Iran, rocked by months of protests sparked by the death of Mahsa Amini, has released several dozen well-known prisoners in an apparent attempt to appease critics of the government. The limited amnesty comes as the frequency and size of rallies has eased off in the winter months since their peak after the mid-September death in custody of Amini, a 22-year-old Iranian Kurdish woman. She died after her arrest for allegedly flouting dress rules that demand women wear hijab headscarves and modest clothing, setting off…

Check out all the on-demand sessions from the Intelligent Security Summit here. Self-healing endpoint platform providers are under pressure to create new solutions to help CISOs consolidate tech stacks while improving cyber-resiliency. CISOs see the potential of self-healing platforms to reduce costs, increase visibility and capture real-time data that quantifies how cyber-resilient they are becoming. And reducing costs while increasing cyber-resilience is the risk profile their boards of directors want.   A self-healing endpoint is one that combines self-diagnostics with the adaptive intelligence to identify a suspected or actual breach attempt and take immediate action to stop it. Self-healing endpoints can…

Meta is updating Facebook’s ad transparency tools to better explain how it uses machine learning to decide which ads you see you.Information summarized into topics about how your activity both on and off our technologies — such as liking a post on a friend’s Facebook page or interacting with your favorite sports website — may inform the machine learning models we use to shape and deliver the ads you see. New examples and illustrations explaining how our machine learning models connect various topics to show you relevant ads.  More ways to find our ads controls. You will now be able to access Ads Preferences from additional…

Taurus, a digital asset infrastructure provider for financial institutions in Europe, has raised $65 million in a Series B capital raise led by Credit Suisse. The funding round also saw participation from several other institutional investors, including Deutsche Bank, Pictet Group, Cedar Mundi Ventures, Arab Bank Switzerland, and Investis.  According to the announcement, the funds raised will be used by Taurus to bolster its growth strategy in three primary areas, which include; recruiting top engineering talent to continue developing its platform, expanding its sales and customer success organization to enhance its infrastructure solutions with new offices in Europe, the UAE,…