Tue, 21-Oct-2025

Blackstone claims soaring inflows but economic slowdown

Blackstone
  • Blackstone recorded a 38 percent rise in assets under management to a record-breaking $941 billion.
  •  The New York-based investment firm anticipates a prolonged decline in dealmaking activity.
  • Fee-based earnings and cash flows remained at record levels as a result of rising assets.

The world’s largest manager of alternative assets, Blackstone Group, is warning of a protracted downturn in economic activity as persistently rising inflation drives the Federal Reserve to continue hiking interest rates.

“The economy today on the ground is still pretty healthy, but we’re definitely seeing some signs of a slowdown,” Blackstone’s president Jonathan Gray told the Financial Times. “Because we see inflation as stickier, in labour and housing markets, in particular, I think it will mean the Fed will try to do more and slow the economy further.”

As a result of an increasingly active central bank, Blackstone anticipates a prolonged decline in dealmaking activity from last year’s record levels, with Gray warning that they have “seen a material reduction in deal activity.”

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Ukraine devalues its currency compared to the US dollar by 25%

Ukraine currency
  • Ukraine devalues its currency, the hryvnia, by 25% relative to the US dollar.
  • The current exchange rate is 36.568 per dollar and “remains fixed,” according to the NBU.
  • when Moscow launched its full-scale invasion of the Ukraine, the exchange rate was 29.25 hyrvnia per dollar.

The Ukraine has devalued its currency, the hryvnia, by 25% relative to the US dollar.

“The reasoning behind the decision was the shift in the fundamental parameters of the Ukrainian [hryvnia] during the war and the strengthening of the dollar,” the banking regulator, the National Bank of Ukraine, said in a statement.

The current exchange rate is 36.568 per dollar and “remains fixed,” according to the NBU. On February 24, when Moscow launched its full-scale invasion of the Ukraine, the exchange rate was 29.25 hryvnia per dollar.

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Motorola Razr 2022 Price in Pakistan & Specs

Motorola Razr 2022

The Motorola Razr 2022 (codenamed Maven) has been the subject of much speculation over the past few months, and we finally have an official look at the gadget due to photographs supplied by Lenovo Mobile China GM Chen Jin, which reveal the foldable’s design.

The first image depicts Motorola Razr 2022  the phone in its unfolded condition, and compared to the two previous folding Razr models, it has more rounded corners and a less pronounced chin.

Recent spec leaks indicate that the Motorola Razr 2022 will have a 6.7-inch P-OLED foldable display with an all-new hinge mechanism and 120Hz refresh rate. The external display is anticipated to increase to 3 inches, while the photography department will feature a 50MP main camera and a 13MP ultrawide module.

Already confirmed, Qualcomm’s Snapdragon 8+ Gen 1 chipset will power the new smartphone with up to 12GB RAM and 512GB storage. According to rumours, the forthcoming Motorola Razr 2022 would cost 260,999 PKR.

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WhatsApp now supports iOS-to-Android chat transfers

WhatsApp
  • Previously only third-party apps were able to transfer chat history between ecosystems.
  • Only the Android to iPhone option is available on WhatsApp’s support site.
  • You must utilise the Move to iOS app on Android to transfer chats from Android to iOS.

WhatsApp had been testing the transfer of chat histories between Android and iOS, and has now made the feature official. Until now, it was only possible to transfer conversation history between ecosystems via third-party data transfer solutions, which are typically not free and are difficult to use.

As of this writing, only the Android to iPhone option is available on WhatsApp’s support site, and you must utilise the Move to iOS application on Android. Additionally, you will need the most recent version of WhatsApp on both the transmitting and receiving smartphones. Before transferring, you must also utilise the same phone number as your old phone or change it. Additionally, the receiving iPhone must be new or factory reset.

Using the processes outlined in the instructions, WhatsApp has collaborated with Apple to successfully transfer WhatsApp data to an iOS device using the Move to iOS app. According to the support page, you can transfer your account information, profile photo, individual and group conversations, chat history, chat media, and WhatsApp settings. You cannot send WhatsApp call logs or peer-to-peer payment messages.

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Elon Musk: Tesla Sold Its Bitcoin Due to China’s COVID Lockdowns

Elon Musk
  • Tesla sold 75 percent of its Bitcoin holdings, valued at around $936 million.
  • Company changed majority of Bitcoin to fiat currency for a realised gain, resulting in a $106 million charge.
  • China’s “zero COVID policy” is being tested once more, sparking fresh economic headwinds.

Elon Musk, CEO of Tesla, detailed during today’s results call why the business sold 75 percent of its Bitcoin holdings, valued at around $936 million, as reported in its Q2 earnings report.

“The reason we sold a bunch of our Bitcoin holdings was that we were uncertain when the COVID lockdowns in China would alleviate,” Musk said on the call. Given the unpredictability of COVID lockdowns in China, it was crucial for us to optimise our cash position.

Despite the fact that China had loosened COVID restrictions in major cities at the end of May, an increase in instances in Beijing and other critical regions caused the government to reinstate restrictions a few weeks later. In Shanghai, mass testing and lockdowns were performed earlier this month.

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Tesla Q2 2022 report, 75% of its bitcoin assets have been sold

Tesla bitcoin
  • Tesla has sold off 75% of its bitcoin assets.
  • The electric vehicle manufacturer invested $1.5 billion in bitcoin in the first quarter of 2017.
  • In the last four months, the price of bitcoin has lost half of its value.
  • Tesla’s sales increased its cash position by $936 million.

Early last year, Tesla invested $1.5 billion in bitcoin, betting on the digital currency’s “long-term potential,” as described by the electric vehicle manufacturer. The business has already sold off three-quarters of its assets.

“As of the end of Q2, we have converted approximately 75% of our Bitcoin purchases into fiat currency,” Tesla said in its second-quarter earnings statement on Wednesday. The corporation reported that these sales increased its cash position by $936 million.

It’s a swift turnaround for Tesla and CEO Elon Musk, who frequently tweeted about various digital currencies during last year’s cryptocurrency boom. In the previous four months, the price of bitcoin has lost half of its value, resulting in a “crypto winter.”

The fair market value of Tesla’s bitcoin holdings hit $2.48 billion in the first quarter of 2021 and was approximately $2 billion by the end of the year. Bitcoin began the second quarter above $46,000 and ended below $19,000, but the company did not disclose the price at which it sold its holdings or the magnitude of its impairment.

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iphone 14 pro max price in USA & specs

apple

Apple iPhone 14 Pro Max is rumoured to run iOS v15 and come equipped with a 3687 mAh battery that will let you to play games, listen to music, watch movies, and more for a longer period of time without worrying about battery life.

This forthcoming Apple smartphone iphone 14 pro max is rumoured to include 6 GB of RAM and 128 GB of internal storage. Consequently, you will be able to save all of your music, films, games, and more on the phone without having to worry about space limitations. In addition, the mobile device is anticipated to be equipped with a strong Hexa-core (2×3.1 GHz Firestorm + 4×1.8 GHz Icestorm) CPU, allowing you to experience a flawless performance while browsing several programmes and playing graphically intensive games.

In terms of camera specifications, the Apple phone is reported to include a dual camera configuration on the rear. There may be a 12 MP + 12 MP + 12 MP + TOF camera so that you can take photographs that are lifelike. There may be Digital Zoom, Auto Flash, Face Detection, and Touch Focus on the back camera. The Apple iPhone 14 Pro Max is anticipated to feature a front-facing 12 MP + SL 3D camera for selfies and video conferencing.

The device is said to have a 6.7-inch (17.01-centimeter) display with a resolution of 1284 x 2778 pixels, allowing users to watch movies and play games.

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Google extends its Android Earthquake Alerts System to Pakistan

google earthquake

Google, a prominent search engine, stated on Tuesday that it will expand its “Android Earthquake Alerts System” to Pakistan so that users can identify seismic activity in their particular regions.

“Today, Google is launching Android Earthquake Alerts System in Pakistan. Android Earthquake Alerts System is a no-cost, helpful Android feature that detects earthquakes around the world and alerts people,” said that a news statement.

The technology detects seismic activity using accelerometers in active Android smart phones. It notifies users in two ways: via search and directly on their Android mobile device.

“The system provides near-instant information to Google Search. When people look up “earthquake” or “earthquake near me,” they will find relevant results, along with helpful resources on what to do after an earthquake. Users who do not wish to receive these alerts can turn this off in device settings.”

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Google Pixel 6a Price in Pakistan & Specs

Google Pixel 6a Price in Pakistan

Google Pixel 6a mobile device was released on May 12, 2022. The phone has a 6.10-inch touchscreen display with a refresh rate of 60 hertz and a resolution of 1080×2400 pixels (FHD+) with an aspect ratio of 20:9. The display is protected by Gorilla Glass. The Google Pixel 6a is powered by a Google Tensor processor with eight cores. It includes 6GB of RAM. The Google Pixel 6a features Android 12 and a non-removable 4410mAh battery.

Regarding its cameras, the rear of the Google Pixel 6a features a dual camera configuration with a 12.2-megapixel (f/1.7) primary camera and a 12-megapixel (f/2.2) secondary camera. It sports a single front-facing camera with an 8-megapixel sensor and f/2.0 aperture for selfies.

The Google Pixel 6a runs Android 12 and includes 128GB of internal storage. It was introduced in the colours Chalk, Charcoal, and Sage. It has an IP67 rating for protection against dust and water.

Google Pixel 6a connectivity options include Wi-Fi 802.11 axe, GPS, Bluetooth v5.20, NFC, and USB Type-C. The phone’s sensors consist of an accelerometer, ambient light sensor, barometer, compass/ magnetometer, gyroscope, proximity sensor, and an in-display fingerprint sensor.

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Apple may be sued in US for anticompetitive Apple Pay tactics

Apple Pay
  • Iowa’s Affinity Credit Union has filed a lawsuit against Apple.
  • The company is accused of “coercing” owners of its smartphones, tablets, and watches to use Apple Pay.
  • This may become a class action lawsuit.

Iowa’s Affinity Credit Union has filed a lawsuit against Apple, alleging anticompetitive practises in the way the company administers Apple Pay. This may become a class action lawsuit and is comparable to a charge in the EU from the previous year.

Apple is accused of “coerces” owners of its smartphones, tablets, and watches to use Apple Pay and preventing other payment providers from competing on its platforms. This has resulted in 4,000 US banks and credit unions using Apple Pay and paying at least $1 billion annually in excess fees.

Apple charges 0.15 percent for credit card transactions and 0.5 cents for debit card transactions. The competing services for Android are free.

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Singapore’s central bank chief downplays crypto concerns

Singapore

Singapore attempted to avoid responsibility for regulating Three Arrows Capital’s cryptocurrency activities, despite revealing it had been researching the company for a year.

The managing director of Singapore’s Monetary Authority, Ravi Menon, refuted recent accusations that crypto hedge fund Three Arrows and other under-fire businesses were even headquartered in Singapore.

“Some crypto players that have come under strain have been reported by the media as being Singapore-based,” he said. “In reality, these … crypto firms have little to do with crypto-related regulation in Singapore.”

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Nadhim Zahawi, UK chancellor vows to fight inflation

Nadhim Zahawi
  • Nadhim Zahawi, UK chancellor vows to reduce inflation and rule out borrowing for tax cuts.
  • Zahawi will also embrace Sunak’s idea for a fundamental revamp of post-Brexit financial regulation.
  • New prime minister likely to install their own pick as chancellor on September 5.

The new  UK chancellor, Nadhim Zahawi, will vow to reduce inflation and rule out borrowing for tax cuts on Tuesday, indicating that he will continue the fiscal policies of his predecessor, Rishi Sunak.

In his first speech since being appointed, Zahawi will also embrace Sunak’s idea for a fundamental revamp of post-Brexit financial regulation to guarantee that Britain remains “one of the world’s most dynamic financial centres.”

Sunak resigned earlier this month in protest of the leadership style of departing prime minister Boris Johnson and over differences in economic strategy, particularly Johnson’s emphasis on tax cuts.

Zahawi was immediately appointed to replace Sunak, but the new chancellor will emphasise in his Mansion House speech in the City of London that combating inflation remains the government’s top goal.

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UK transport minister: Hot weather will disrupt travel’ more regularly’

UK transport minister
  • Temperatures in the United Kingdom are expected to reach a record-breaking 41 Celsius on Tuesday.
  • Some rail services on the East Coast main line, Thameslink, and Great Northern lines have been cancelled.

UK transport minister has warned that heat-related travel disruptions will occur “a lot more regularly” as the country’s infrastructure succumbs to an unprecedented heatwave.

“A lot of our infrastructure is just not built for these types of temperatures,” Grant Shapps told Sky News on Tuesday.

Temperatures in the United Kingdom are expected to reach a record-breaking 41 degrees Celsius on Tuesday, as an unusual atmospheric pattern transports warm air from southern Europe further north.

“On the railways . . . on the ground those rails can be heating up to 50C, 60C, or hotter, and that means they’re in serious danger of buckling, so you end up having to run the trains slower,” Shapps said.

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Celsius Network invites clients to maintain crypto positions

Celsius Network
  • Celsius Network’s assets under management have dropped to $4.3bn, down from $22.
  • The company halted customer withdrawals in June due to a decline in the value of digital currencies.
  •  Monday was the company’s first day in court after filing for bankruptcy.

Celsius Network, the indebted cryptocurrency lender that shook the markets in June when it blocked customer withdrawals, intends to ask creditors to place a second wager on digital assets in order to recover their investments.

Monday was the company’s first day in court after filing for Chapter 11 bankruptcy in New York last week.

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PP 273 Muzaffargarh By Election Result 2022

PP 273 Muzaffargarh By Election Result 2022

PP 273 Muzaffargarh By Election Result 2022: Polling for the neck and neck by-elections in twenty constituencies of Punjab held on Sunday. The polling start at 8:00 am and it will continue till 5:00 pm in the evening without any break. The Election Commission of Pakistan has made comprehensive arrangements to hold the polling process … Read more

Nothing phone 1 vs Xiaomi 12 Lite: Specs, Price Comparison

Nothing phone 1

Thus, the Nothing phone 1 has arrived and is prepared to conquer the global market.   One thing is certain: the Xiaomi 12 Lite, which was recently introduced a few days ago, is one of the best competitors for the original Nothing smartphone. In terms of design, they are vastly different, yet in terms of specifications, they are extremely similar.

Are you trying to determine which of these phones provides the best value? If so, you are in the correct location. The specifications of the Nothing phone (1) and the Xiaomi 12 Lite are compared below.

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Xiaomi Mi A3 Receives Global Android Security Update for July 2022

Xiaomi Mi A3

Xiaomi is globally deploying the Mi A3 security patch for July 2022. The Mi A3 was released three years ago and is the last Android One-powered smartphone from Xiaomi. This could be the device’s penultimate update support. After its last firmware update, the Mi A3 will be removed from support.

The Mi A3 shipped with Android 9.0 Pie and has advanced to Android 11 since its launch. Throughout its three years of existence, it had received routine software updates. Xiaomi had guaranteed that the gadget will receive security patches and updates for three years. It is now on the verge of fulfilling that promise three years from now. The 8MB download will update the Mi A3 to the security patch for July 2022. Android Security Bulletin provides additional information regarding the update.

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Samsung Galaxy Z Flip 4 side render leaked

Galaxy Z Flip 4

The Samsung Galaxy Z Flip 4 is anticipated to ship in the near future, as it was recently certified by the FCC. Even though we have not yet seen the unreleased foldable, 91Mobiles has now leaked a purported render of Samsung’s next foldable compact.

 The image depicts the right side of the Samsung Galaxy Z Flip 4 with a design and layout comparable to the Galaxy Z Flip3. These images depict a potentially flatter edge around the perimeter of the foldable, and the reflection may hint that Samsung will go for a less anodised treatment on the frame; we may see something shiny or glossy.

 Aside from that, we can still see the dual cameras on the rear of the Samsung Galaxy Z Flip4, although we hope to see improved camera hardware despite the same arrangement. In addition, the power button, fingerprint sensor, and volume controls are located in the same location as on the Z Flip3.

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Poco rebrands Redmi Note 10S, FCC papers show

Redmi Note 10S

Redmi and Poco really adore playing the rebranding game, and it appears that this will continue indefinitely. In reality, the Redmi Note 10S, which was originally released in 2021 under that moniker, Poco may be preparing to rebrand yet another gadget – in this case,

It seems a bit late to rebrand a device more than a year after it first debuted, but according to newly revealed FCC records, that is exactly what will occur. Poco has requested an FCC certification based on the prior certification issued for the Redmi Note 10S, as the two devices are identical but for small differences.

As seen in the screenshot above, the Redmi Note 10S (model number M2101K7BNY) was approved with MIUI 12, however the future Poco model will launch with MIUI 13 – which is understandable, given that it will be released a year later. In addition, the Poco phone will share one RAM/storage configuration with its sister (6/128GB), but will also provide two variants not seen on the Redmi: 4/64GB and 4/128GB. It will also be offered in a new blue colour.

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Nothing Phone 1 Price in Pakistan & Specs

Nothing Phone 1

After months of teasing, Nothing has finally launched its first smartphone called the Nothing Phone 1. Nothing Phone 1 Price in Pakistan So let’s examine all of its features and characteristics in depth.

Beginning with its appearance, the Phone (1) stands out from other smartphones on the market. The device’s translucent rear shell displays the smartphone’s inside hardware’s grooves and contours.

A discrete camera bump is tucked away in the upper left corner of the handset, which is outlined by the smartphone’s most distinctive feature, the LED lights. More than 900 LEDs comprise the Glyph interface of the Nothing Phone (1). This is essentially a multifunctional notification light that can do more than simply indicate that you have received a notice.

It can serve as a charging progress bar, signal when a device is being wirelessly reverse charged, and notify you of incoming calls when your phone is in quiet mode and facing down. Additionally, it includes customizable notification light patterns for each app. Aside from that, the smartphone has aluminium edges that give it a premium appearance and feel.

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OnePlus Nord CE 2 5G obtains Android 12-based OxygenOS 12 Beta 1

OnePlus 10T

OnePlus has launched OxygenOS 12 Open Beta 1 based on Android 12 for the OnePlus Nord CE 2 5G that was announced in February with OxygenOS 11.3 based on Android 11.

The OxygenOS 12 Open Beta 1 refreshes the user interface and adds new features to the OnePlus Nord CE 2 5G, as well as enhancing the OnePlus Shelf and Dark Mode. You can view a list of important updates below.

OnePlus Nord CE 2 5G Updates Details

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Solana Price Prediction 2022: what price of SOL in 2023 bull run

Solana Price Prediction

Solana Price Prediction 2022: Solana is a blockchain network that Anatoly Yakovenko and Greg Fitzgerald built in 2017. In April 2020, it debuted on the crypto trading market with its token, SOL, at $0.79 per coin. After that, it saw a rough ascent to a record high of nearly $260 in November 2021, followed by a rather steady decline to $35.05 by July 11.

 Despite its current price of slightly over $35, several analysts expect that Solana could approach its prior peak in 2022, which leads us to our Solana price forecast for 2022 and beyond.

 What Is Solana?

 According to Coindesk, Solana is the quickest cryptocurrency, performing 2,700 transactions per second. As a result, Solana has been able to overcome one of the biggest obstacles to widespread crypto acceptance as a valid currency around the globe and has brought people closer to decentralised finance.

 Due to the low rates, low congestion, and quick processing speeds, Solana could one day compete with Visa credit cards as a widely recognised payment method.

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Cardano Price Prediction: ADA will go massive by end of 2022, insights

Cardano Price Prediction

Cardano price prediction: (ADA) is predicted to end 2022 at $1. This is based to the most recent Cardano Price Predictions Report some sources.

Recently surveyed 53 finance professionals. CoinSmart CEO Justin Hartzman, University of Brighton senior lecturer Paul Levy, and NDAX CEO Bilal Hammoud were among the replies.

Cardano Price Prediction: (ADA) Medium and Long Term

The longer and medium-term forecasts are more intriguing. At $2.93, they are optimistic for the end of 2025. In addition, there is a projection of $6.54 for the year 2030’s conclusion. These expectations remain lower than those given by the Finder panel in January of 2022.

Senior lecturer at the University of Brighton Paul Levy predicts that ADA will be worth $0.50 before the end of the year. In contrast, it will cost $5 by December 2025.

As for 26% of the panel, they believe it is time to pause. Another 26%, such as PLAYN creator Matt Lobel, believe it is an excellent moment to purchase ADA. Lobel believes that its value in December will be $1.50. This is thanks to its “strong adoption, expanding features and a careful management team that is taking a quality first approach.”

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Uber will make changes to smooth things for riders and drivers in India

Uber
  • Uber India rolling out an update that allows drivers to view drop-off locations before a rider requests a ride.
  • An update will also increase driver compensation by 15%.
  • This follows the company’s recent rate increase in response to increased gasoline costs in New Delhi, the capital of India.
  • Drivers will be compensated if they must go a significant distance to pick up a user.
  • Mumbai, Delhi, Pune, Hyderabad, and Bangalore airports’ operational expenses for using airports will also be handled by Uber.

Uber India may, at last, have a solution for the annoying rider whose drivers frequently cancel on them. Uber India has decided to provide an update that prevents users from having their driver canceled by allowing drivers to view the drop-off location beforehand. It was only applicable to 20 places during testing as an experimental measure to determine its effectiveness. This feature is currently being introduced across the subcontinent, which should aid the US-based taxi aggregator in resolving a key issue.

Notably, Uber India has also increased driver compensation by 15%. After asking a passenger where they would want to be dropped off, taxi drivers regularly delay trips. This action follows the company’s recent rate increase in response to increased gasoline costs in New Delhi, the capital of India.

A fresh company update has been making the rounds. When requesting a vehicle, the update will assist riders in selecting the ideal driver. The new Uber function allows drivers to accept or decline a trip request based on the drop-off location that is displayed to them when they are close to the user’s location. This is one of the adjustments Uber India is implementing to make things easier for customers, drivers, and riders, as well as to improve the entire experience.

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Xiaomi will introduce its first EV prototype in August

Xiaomi EV

Xiaomi has released other EV in the past. Specifically, this is the Xiaomi M365 electric scooter. Actually, there is a fact to share with your pals. In all seriousness, the Chinese giant pledged to invest $10 billion over the next decade in the electric car sector last year.

In August, firm founder Lei Jun is anticipated to showcase the first EV prototype, which is the most recent advancement in this area. This vehicle was developed by HVST Automobile Design, which was also responsible for WM Motor’s Maven concept vehicle. After the debut, the prototype will undergo additional road testing, and we may see the launch of a Xiaomi automobile public relations campaign.

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