A two-hour blackout in Zurich has intensified calls for Switzerland to upgrade its power grid security against potential cyberattacks. The outage disrupted public transport, businesses, and daily life, underscoring the fragility of critical infrastructure. Experts warn that energy security is now a top priority, blending economic, political, and safety concerns as reliance on stable electricity grows.
about Swiss Grid Security Urgent Amid Zurich BlackoutPower Grid
0 in Finance and 0 in Crypto last weekKuwait Cracks Down on Illegal Crypto Mining Operations
Kuwait has launched a significant crackdown on illegal crypto mining, questioning 116 individuals and investigating 59 residential properties for unauthorized electricity use. Authorities warn that such activities strain the power grid and pose public safety risks. The country enforces a total ban on crypto mining, with electricity costs at just 4.6 cents per kWh—far below the U.S. average. Despite cheap power, Kuwait’s harsh climate and high energy demands make crypto mining unsustainable. Meanwhile, global trends show a shift toward more sustainable mining practices, with over half of Bitcoin mining now using renewable energy.
about Kuwait Cracks Down on Illegal Crypto Mining OperationsBajaj Finance Reports Strong Q3 Profit and Positive Outlook for Credit Costs
The stock market saw a positive shift with the Sensex rising by 260 points and Nifty surpassing 23,250, driven by gains in Bajaj Finance, Cipla, and Power Grid. In Q3, profits increased by 18% year-on-year, exceeding estimates by 5%, supported by a robust 28% growth in loans. Asset quality is stabilizing, and management anticipates a reduction in credit costs starting from Q4, while the CEO succession is expected to proceed smoothly with the Deputy CEO likely to be promoted.
about Bajaj Finance Reports Strong Q3 Profit and Positive Outlook for Credit CostsSensex Plummets Over 1000 Points Amid Global Market Turmoil
The Sensex plummeted by over 1,000 points, closing at 76,330, driven by unfavorable global cues, significant FII sell-offs, and a historic low for the rupee against the dollar. Rising Brent crude prices raised inflation concerns, while anticipation of a less favorable Union Budget added to market anxiety.
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