News

```htmlGolden Ten Data, March 24 — According to informed sources, Bharat Petroleum Corporation (India's second largest state-owned oil company) will establish an office in the Eastern Eight Zone starting in April, with an initial focus on crude oil procurement business at this trading center. The sources said Bharat Petroleum Global Energy Services (Eastern Eight Zone) Private Limited will be led by Manoj Heda, who is currently Executive Director of the International Trade Department at Indian Oil Corporation Limited. The office will initially be staffed with four employees, including a Chief Financial Officer and two crude oil traders. Last month, Bharat Petroleum Corporation Chairman Sanjay Khanna stated they expect to set up a trading office in the Eastern Eight Zone to expand supply channels and reduce costs. This move comes amid unprecedented market turmoil caused by the US-led war against Iran.```

Foresight News reports that PostFinance, a bank under Swiss Post, has newly launched the L1 public blockchain Algorand. Users can now purchase ALGO tokens directly through their bank accounts without the need to set up a wallet.

```htmlGolden Ten Data reported on March 24 that economists at Sweden's Nordea Bank indicated that the preliminary March PMI readings from several major economies, including France, Germany, the Eurozone, the United Kingdom, and the United States, are likely to reflect some effects from the ongoing Middle East conflict. The data collection period may cover the time after the outbreak of the Middle East war. Although it is too early to draw definitive conclusions, market sentiment may already have been negatively affected. The bank stated it will closely monitor various price indexes and indicators measuring delivery times.```