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US economic dominance begins to fray

Rising US debt, uncertainty over policy, ‘dollar weaponisation’ push central banks, governments towards alternatives Global investors are growing wary of US bonds, while concerns over the dollar’s long-term dominance were gaining traction. Foreign governments were also moving gold out of American vaults, signalling growing unease over Washington’s economic and financial leverage, according to an analysis … Read more

Gold up Rs7,900 ahead of Fed move

KARACHI: Gold prices in Pakistan increased significantly on Wednesday, following gains in the international market, as investors awaited the US Federal Reserve’s rate decision and guidance on the future direction of monetary policy. The price of gold rose by Rs7,900 per tola to reach Rs457,236, according to rates shared by the All-Pakistan Gems and Jewellers … Read more

BRICS pushes for AI cooperation, digital sovereignty

Bloc seeks greater role for Global South in AI governance, promotes open-source models and shared infrastructure Officials, including Russian President Vladimir Putin, South African President Cyril Ramaphosa, Indian Prime Minister Narendra Modi, Iranian President Masoud Pezeshkian, Indian Foreign Minister Subrahmanyam Jaishankar, Brazil’s Foreign Minister Mauro Vieira and India’s Commerce and Industry Minister Piyush Goyal pose … Read more