Gold prices on Friday in Pakistan jumped as the price of a tola went up Rs6,900 to Rs460,336 according to the Sarafa Association of All Pakistan Gems and Jewellers (APGJSA). The gold price also went up by Rs5,914 to Rs394,663 per 10 grams. The price hike follows a day after gold prices dipped Rs3,800 per tola to Rs453,436. International gold… Continue reading Gold Prices Jump Rs6,900 Per Tola in Pakistan
Karandeep Anand, who has extensive experience in the technology industry, especially in artificial intelligence, has been named as the first chief technology officer of Walt Disney, as the entertainment company looks to widen its technology and artificial intelligence footprint. Anand is the former chief executive of generative AI chatbot company Character.AI will be joining Disney on October 2. He will… Continue reading Disney Names Karandeep Anand as First Chief Technology Officer
China has cut its purchases of U.S. Treasury securities to the lowest level since around 18 years ago, according to the latest U.S. government data. Beijing had approximately $618 billion worth of U.S. Treasuries at the end of July compared to $633.4 billion in June. The July figure was the lowest since August 2008, when China’s Treasury stocks were approximately… Continue reading China Cuts U.S. Treasury Holdings to 18-Year Low at $618 Billion
The euro area’s annual inflation rate went up to 3.2% in August, Eurostat said in its final release, down from the previous estimate of 3.3%. The August rate was higher than July’s 2.9% rate and a year ago’s 2%. Consumer prices increased 0.4% from the previous month. Energy continued to be the largest contributor to inflation, up 14.3% from a… Continue reading Euro Area Inflation Revised Down to 3.2% in August
China has opened up the Pinglu Canal in Guangxi, which is a shorter water route connecting the country’s southwest to the sea, and access to Southeast Asian markets. The 134.2-kilometre canal links Nanning with the Beibu Gulf, an alternative to the historic routes through Guangdong. The cargo from the southwest region of China will no longer have to go through… Continue reading China Opens Pinglu Canal to Boost Trade With Southeast Asia
The unemployment rate in Sweden went up to 8.5% in August, up from 7.8% in July, Statistics Sweden reported. The number of the unemployed was 505,000 people and the employed were approximately 5.4 million people during the month. The number of jobs was 103,000 more than in August 2025. It was the latest rise following a drop in unemployment from… Continue reading Sweden Unemployment Rate Rises to 8.5% in August
The average price of diesel in the U.S. exceeded $6 per gallon for the first time, exacerbating inflation worries amidst continuing fuel supply disruptions. AAA reported the national average on Friday was $6.06 per gallon, beating the record of $5.82 which occurred during Russia’s invasion of Ukraine in 2022. Fuel prices also went up, to $4.29 per gallon of gasoline.… Continue reading US Diesel Prices Surge Above $6 for First Time
As demand for AI infrastructure grows, Nvidia aims to more than double the data centre computing capability in Australia by 2027. The US chipmaker announced on Thursday that it is collaborating with Australian cloud and data centre firms to establish as much as 2 GW of AI-themed compute. It has partners such as Firmus, CDC, NEXTDC and AirTrunk. Data Centres… Continue reading Nvidia Plans Major AI Data Centre Expansion in Australia
The oil price rose for a fourth consecutive session Wednesday, closing close to $100 per barrel as renewed combat in the Middle East raised new worries about potential disruptions to global supply. Brent crude futures rose 1.4 per cent to $99.33 a barrel by 0212 GMT, as US West Texas Intermediate crude futures rose 1.4 per cent to $94.34 a… Continue reading Oil Prices Near $100 as Middle East Attacks Raise Supply Risks
Davis, who served as the Chief of the United States Geospatial Intelligence (GEOINT) before leaving the job. Satellite company Earth-observation firm Satellogic has appointed former US National Geospatial-Intelligence Agency (NGA) president Frank Whitworth as president as it ramps up its defence and intelligence business. In 2022, retired US Navy vice admiral Whitworth took over the National Geospatial-Intelligence Agency (NGA) where… Continue reading Former US Geospatial Intelligence Chief Joins Satellogic as President
