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The rise of Islamic fintechs


November 7, 2022

Over the past two decades, Pakistani banking has undergone drastic shifts. There were the good days when foreign banks could be spotted every few kilometres in the major cities, and consumer financing was all the craze. Then came the bad days and, with them, the defaults. Global players pulled out, and everyone flocked to lending to the sovereign. Amid these …

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Twitter impersonators will be suspended permanently, Musk says


November 7, 2022

Twitter Inc’s new CEO Elon Musk said on Sunday that Twitter users engaging in impersonation without clearly specifying it as a “parody” account will be permanently suspended without a warning. In a separate tweet, Musk said Twitter previously issued a warning before suspension, but as Twitter is rolling out widespread verification, there will be no warning as well as “no …

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CLIMATE ACTIVISTS BLOCK PRIVATE JETS AT AMSTERDAM’S SCHIPHOL AIRPORT


November 6, 2022

Hundreds of climate activists wearing white overalls stormed an area holding private jets at Amsterdam’s Schiphol Airport and stopped aircraft from leaving for hours by sitting in front of their wheels on Saturday. Military police moved in and were seen taking dozens of the protesters away in buses. More than 100 activists were arrested, national broadcaster NOS reported. The protest …

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TWITTER UPDATES APP TO START CHARGING $8 FOR BLUE CHECKMARK


November 6, 2022

Twitter on Saturday updated its app in Apple’s App Store to begin charging $8 for sought-after blue check verification marks, in Elon Musk’s first major revision of the social media platform. The change comes a week after Musk took over the social media company in a $44 billion deal. The billionaire entrepreneur and CEO of electric car maker Tesla cut …

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Can Pakistan’s gaming industry move on from ‘copy-paste’?


November 6, 2022

GAMING is still viewed as a pastime in Pakistan, something to chide kids about as they fritter away their time on their mobile phones. As an industry, however, the global gaming market size is expected to reach $546 billion by 2028, according to Fortune Business Insights. Pakistan has a mobile-first gaming market — meaning the main mode of consumption of …

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Twitter layoffs fuel misinformation concerns


November 6, 2022

WASHINGTON: Twitter’s new owner Elon Musk has pledged the platform will not devolve into a “free-for-all hellscape,” but experts warn that mass layoffs may deeply impair the social network’s ability to curb misinformation. Twitter fired roughly half of its 7,500-strong workforce, only days before next week’s midterm elections in the United States, when a spike in fake content is expected …

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Whirlwind Friday at Twitter sees layoffs and lawsuit


November 5, 2022

TWITTER temporarily closed its offices on Friday after thousands of employees were ordered to stay home and await their fate as the company announced mass layoffs, as part of new owner Elon Musk’s plans for a “major overhaul of the company”. A company-wide email said Twitter employees would receive word on their future at the company via email at the …

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Erdogan says he could discuss charge for Twitter blue check with Elon Musk


November 3, 2022

Turkish President Tayyip Erdogan said he may negotiate with Twitter’s new boss Elon Musk to avoid paying the monthly $8 charge for the “verified” badge. After buying Twitter for $44 billion last week, Musk said the company will charge $8 a month for its Blue service, which includes the sought-after blue check mark. In an interview with Turkish broadcaster ATV on Wednesday, Erdogan said …

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Elon Musk plans to cut half of Twitter jobs: report


November 3, 2022

Elon Musk plans to cut about 3,700 jobs at Twitter Inc or half of the company’s workforce in a bid to cut costs, Bloomberg News reported on Wednesday, citing people familiar with the matter. Twitter’s new owner will inform the staff affected on Friday, according to the report. Bloomberg also reported that Musk intends to reverse the social media company’s existing work-from-anywhere policy and …

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Musk announces $8 monthly charge for verified Twitter accounts


November 2, 2022

SAN FRANCISCO: New Twitter head Elon Musk said on Tuesday the site will charge $8 per month to verify users’ accounts. “Power to the people! Blue for $8/month,” the billionaire entrepreneur tweeted in reference to the platform’s famous blue checkmark, saying the new plan would upend the “current lords & peasants system” and create a new revenue stream for the …

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