Rezolv Energy has selected Austrian infrastructure group PORR for infrastructure works on Phase 2 of the VIFOR Wind Farm in Buzau County, Romania, while Vestas will supply 42 EnVentus V162-6.4MW turbines – the largest-capacity turbines installed in Romania to date.
The guidelines are expected to cover leverage limits, user eligibility and risk disclosures for crypto lending activities. South Korea’s financial regulators plan to release guidelines on cryptocurrency lending services next month in an effort to tighten oversight and protect investors amid growing concerns over leveraged crypto products. The Financial Services Commission (FSC) and Financial Supervisory Service (FSS) on Thursday announced the formation of a joint task force to develop a regulatory framework for crypto lending, according to local media Yonhap News Agency (YNA). The move follows new lending services introduced by South Korean exchanges Upbit and Bithumb. According to YNA, Bithumb has allowed users to borrow as much as four times their collateral, while Upbit has offered loans worth up to 80% of users’ asset value. Read more
Experts have welcomed the announcement of a trade deal struck between the US and Pakistan on Wednesday night that includes a partnership in developing oil reserves in the country. Finance Minister Muhammad Aurangzeb is currently in Washington for negotiations on a tariff deal and also began meetings with senior US officials yesterday. United States President Donald Trump said early on Thursday that his administration has struck a trade deal with Pakistan that includes joint development of the country’s “massive” oil reserves. “We are in the process of choosing the oil company that will lead this partnership. Who knows, maybe they’ll be selling oil to India someday!” Trump said on social media. A post by US President Donald Trump on Truth Social in which he announced that a trade deal between Pakistan and the US had been reached, on July 31, 2025. — realDonaldTrump via Truth Social Additional details of the agreement were not immediately available; however, local experts welcome the development with a positive...