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Pakistan Unveils First Government-Backed Bitcoin Reserve, Allocates 2,000 MW for Crypto and AI Infrastructure

In a landmark move signaling a significant shift in its economic strategy, Pakistan has announced the establishment of its first government-backed Strategic Bitcoin Reserve. This initiative is complemented by the allocation of 2,000 megawatts (MW) of surplus electricity to power Bitcoin mining and artificial intelligence (AI) data centers, marking the country’s ambitious entry into the […]

U.S. Diamond Tariffs Spark Global Industry Turmoil Amid Luxury Market Slowdown

In April 2025, the U.S. government implemented a 10% import duty on polished diamonds, a move that has sent shockwaves through the global diamond industry. This tariff, part of President Donald Trump’s broader trade policy, has particularly impacted countries like India, the European Union, and China, with respective tariffs of 27%, 20%, and 34% imposed […]

U.S. Importers Leverage ‘First Sale Rule’ to Mitigate Tariff Impacts

Facing heightened tariffs imposed by the current U.S. administration, many businesses are turning to the ‘First Sale Rule’ as a strategic way to lower import expenses. This provision allows import duties to be calculated based on the price paid in the first sale of goods destined for the U.S., rather than the final sale price, […]

Apple Boosts iPhone Trade-In Values in China Amid Intensifying Market Competition

In a strategic move to counter escalating competition in China’s smartphone market, Apple has increased trade-in values for iPhones. This initiative aims to attract cost-conscious consumers and regain market share lost to domestic rivals like Huawei and Vivo. The enhanced trade-in program offers Chinese consumers higher credit for their old iPhones, making the latest models […]

Bitcoin Breaks $111,000 Barrier, Setting New All-Time High Amid Institutional Surge

On May 22, 2025, Bitcoin soared past the $111,000 mark, reaching an unprecedented all-time high of $111,886. This significant milestone reflects a 47% increase from its April low of $74,500, underscoring the cryptocurrency’s remarkable resilience and growth. Much of Bitcoin’s recent momentum stems from a flood of capital into spot Bitcoin ETFs, which have garnered […]

Abet Global Pakistan: Bridging the Gap Between Local Traders and Global Markets

In an era where financial markets are increasingly accessible, Abet Global Pakistan emerges as a transformative platform, aiming to simplify trading for Pakistanis. By offering a user-friendly interface and a suite of educational resources, the platform seeks to demystify trading and make it approachable for individuals across the country. What is Abet Global Pakistan? Abet […]

UK Inflation Surges to 3.5% in April, Exceeding Expectations Amid Rising Household Costs

In April 2025, the United Kingdom experienced a significant uptick in its annual inflation rate, reaching 3.5%, a notable increase from March’s 2.6%. This surge surpassed analysts’ forecasts of 3.3%, signaling mounting economic pressures on British households. The Office for National Statistics (ONS) attributes this rise primarily to escalated energy prices, with the Ofgem energy […]

PANGAIA: The Sustainable Fashion Startup Backed by H&M and Amazon

In a significant move towards sustainable fashion, PANGAIA, a materials science company known for its eco-friendly apparel, has garnered substantial backing from industry giants H&M and Amazon. This partnership underscores a growing commitment within the fashion industry to prioritize sustainability and innovative materials. Founded in 2018, PANGAIA has been at the forefront of integrating science […]

U.S. and UAE Forge Landmark AI Partnership with Major Chip Export Agreement

In a significant development in international technology collaboration, the United States and the United Arab Emirates have finalized a groundbreaking agreement facilitating the export of advanced American AI chips to the UAE. This move marks a pivotal moment in the strategic partnership between the two nations, aiming to bolster AI capabilities and infrastructure in the […]