Asian Currencies Consolidate Amid Mixed Signals
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TechCrunch
28 minutes ago
- TechCrunch
Microsoft is closing its local operations in Pakistan
Microsoft is closing its operations in Pakistan, marking the end of a 25-year presence in the South Asian nation. The Redmond-based company on Friday told TechCrunch that it is changing its operational model in Pakistan and will now serve its customers through resellers and 'other closely located Microsoft offices.' 'Our customer agreements and service will not be affected by this change,' a Microsoft spokesperson said in an emailed statement. 'We follow this model successfully in a number of other countries around the world. Our customers remain our top priority and can expect the same high level of service going forward,' the spokesperson added. The decision will impact five Microsoft employees in Pakistan, according to sources who talked with TechCrunch; they add that Microsoft did not have any engineering resources in Pakistan, unlike India and other growing markets, and had its employees sell Azure and Office products in the country. The closure comes amid broader company restructuring. Pakistan's Information and Broadcasting Ministry described the Redmond company's exit 'as part of a wider workforce-optimization program.' Earlier this week, the company reduced its workforce by 4%, or about 9,000 roles globally. To prepare for this transition, Microsoft had shifted licensing and commercial contract management for Pakistan to its European hub in Ireland over the past few years, while certified local partners have handled day-to-day service delivery, the ministry said. Techcrunch event Save $450 on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Save $450 on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Boston, MA | REGISTER NOW 'We will continue to engage Microsoft's regional and global leadership to ensure that any structural changes strengthen, rather than diminish, Microsoft's long-term commitment to Pakistani customers, developers and channel partners,' the ministry noted. Former Microsoft executive and its first lead in Pakistan Jawwad Rehman reported the company's exit in a post on LinkedIn on Thursday. 'This is more than a corporate exit. It's a sobering signal of the environment our country has created . . . one where even global giants like Microsoft find it unsustainable to stay. It also reflects on what was done (or not done) with the strong foundation we left behind by the subsequent team and regional management of Microsoft,' Rehman posted. The exit comes just days after Pakistan's federal government announced its plan to provide IT certifications from tech companies including Google and Microsoft to half a million youth. The move stands in particularly stark contrast to Google, which disclosed a $10.5 million investment in the country's public education sector last year and is also considering Pakistan as a market to produce half a million Chromebooks by 2026. Microsoft's exit reflects broader challenges in Pakistan's tech sector. Unlike India and other regional markets, Pakistan has not established itself as a major engineering outsourcing destination for Western tech giants. Instead, the country's tech ecosystem is dominated by two main players: local companies that have developed their own engineering capabilities, and Chinese firms like Huawei, which have gained significant market share by providing enterprise-grade infrastructure to telecommunications companies and banks. Pakistan's Information and Broadcasting Ministry did not respond to requests for comment.
Business Upturn
an hour ago
- Business Upturn
PS Miner, the world's leading cloud mining company, announces the launch of a more advanced free mobile cloud mining app
By GlobeNewswire Published on July 4, 2025, 20:07 IST Eastleigh, England, UK, July 04, 2025 (GLOBE NEWSWIRE) — Nowadays, as the cryptocurrency industry gradually moves from hype to actual application, investors are also more inclined to find simple and convenient ways to participate without having to face the complex operations of traditional mining. At this time, cloud mining platforms such as PS Miner came into being. Users only need to purchase mining contracts online, without purchasing hardware, maintenance, or mastering complex technologies, and can easily mine mainstream digital currencies including Bitcoin, Ethereum and XRP. This easy and worry-free method is widely welcomed by novices and veteran can manage their crypto assets anytime and anywhere through their mobile phones without any hardware. Whether you are a cryptocurrency novice or an experienced miner, you can participate in mining for free through the PS Miner App and easily obtain stable daily high returns. Cloud mining has not only become a convenient way to increase asset value, but also a low-risk, legal and compliant investment tool. How to use PS Miner to easily increase the value of encrypted assets？ Click to visit the PS Miner official website or click to download the free app and Android version. Quick registration and login Use your email to complete the registration in 1 minute. Immediately after registration, you will receive $12 and can enter the cloud mining console after logging in. Start mining with one click Click 'Start Mining', the system will connect to the global computing power network and run automatically throughout the process without any manual configuration. Mining output is automatically settled every day and can be withdrawn to a personal encrypted wallet at any time, making it easy to achieve passive income. Invite friends to get more rewards Share the exclusive invitation code, you and your friends can get computing power rewards and additional rewards, and your income will grow faster. Flexible mining contracts: From low-cost trials to high-yield packages, there are all kinds of plans to meet all budget needs. The following is a display of some contract benefits: Mining machine type Investment time Total Return Avalon Miner A15-194T $100 2 days 100 USD + 7.2 USD ANTMINER Bitcoin Miner S21 Pro $500 5 days 500 USD + 31.75 USD MICROBT WhatsMiner M66S $3,000 20 days 3,000 USD + 840 USD Bitcoin Miner S21e XP Hyd $10,000 45 days 10,000 USD + 7,200 USD Avalon Air Cooling Mining Box-20ft $100,000 55 days 100,000 USD + 104,500 USD More contact information: Website: Application: APP download Corporate email: [email protected] PS Miner makes mining easier, more reliable and more environmentally friendly. Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Business Upturn
an hour ago
- Business Upturn
Revolutionizing Crypto: XRP Mining Rolls Out Accessible Cloud Mining APP
Chicago, Illinois, July 04, 2025 (GLOBE NEWSWIRE) — No expensive hardware or advanced knowledge is required, users only need a mobile phone to start earning passive income anytime, anywhere. The buzz around cryptocurrencies is only getting louder, yet for most people, mining still sounds like rocket science. It's usually pictured as a playground for tech-savvy folks with money to burn on massive mining rigs and endless power bills. But XRP Mining's newly launched cloud mining app is set to change all that. With this sleek, easy-to-use platform, absolutely anyone—from college students juggling classes to retirees managing their nest egg—can step into the world of crypto mining without any of the typical complications. Why Cloud Mining Makes Sense So, what exactly is cloud mining? In the simplest terms, it's a way to mine cryptocurrencies without needing your own hardware. Instead of buying noisy, power-hungry mining machines, you rent computing power online. The mining itself happens in secure, professional facilities run by the provider. You just sit back and track your get to leverage industrial-grade mining setups, all from your exactly why cloud mining is drawing in everyone from young professionals looking for passive income streams to stay-at-home parents hoping to boost household earnings. How to Get Started New users can get started in less than a minute. Visit register using your email, and instantly receive a $15 bonus. Log in daily to collect $0.60 — no deposit necessary to begin testing the system. Browse through a variety of USD-priced mining contracts. Funds are automatically converted into crypto using real-time rates, so users don't need to worry about exchange issues. Choose the plan that aligns with your investment goals — whether short-term or long-term. Once your contract is active, mining starts immediately. Daily profits are deposited directly into your dashboard wallet. When your balance hits $100, you're eligible to withdraw in your preferred cryptocurrency or reinvest to grow your earnings even further. Key Features That Set XRP Mining Apart Fully Automated Operations There's no need to choose mining pools or adjust technical settings. The system is entirely automated, mining the most profitable crypto assets in real time. This allows users to sit back and collect passive income without lifting a finger. Multiple Cryptos, Maximum Freedom XRP Mining supports a wide range of coins: BTC, ETH, XRP, DOGE, SOL, LTC, BCH, USDT, USDC, and more. You choose how to get paid. Clean Energy-Powered Mining Environmental impact is a growing concern in the crypto industry. XRP Mining answers this challenge by powering its cloud servers with clean, renewable energy, making it one of the most sustainable mining platforms available today. Secure and Transparent Built with McAfee® cybersecurity protection and Cloudflare® anti-DDoS shielding, the app provides enterprise-grade security for all users. All earnings, withdrawals, and transactions are transparently tracked on a user-friendly dashboard. Global Reach with Localized Support With a presence in over 150 countries, XRP Mining provides 24/7 multilingual customer support. Whether you're in Europe, Asia, the Americas, or Africa, assistance is always available to guide users at every step. Who Benefits Most from XRP Mining? The platform's low barrier to entry and hands-free operation make it ideal for a broad range of users: Mobile-first users who want to earn passively. Parents or caregivers looking to boost household income. Retirees searching for low-risk investment opportunities. Students exploring ways to grow their savings. Professionals diversifying their income streams. Conclusion In a digital world brimming with complex tools and risky schemes, XRP Mining's new app stands out by keeping things refreshingly simple. It's secure, beginner-friendly, and lets you start mining with minimal fuss—no expensive rigs, no endless maintenance, just a smart way to grow your crypto holdings. Whether you're after a modest side income or looking to dip a toe into long-term digital investments, XRP Mining provides a clear, accessible path. In short: it's mining made easy, and that's exactly what the crypto space needs right now. Email: [email protected] Official Website: Download: Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
