Gold down as US-Iran tensions reignite oil rally

KARACHI: Gold prices in Pakistan declined on Monday, mirroring sharp losses in the international market, where the yellow metal fell nearly 3%. The drop came after US President Donald Trump announced the reinstatement of a naval blockade on Iran, which boosted oil markets, reignited inflation concerns, and raised expectations of higher-for-longer US rates. In the…

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AI firms’ mass purchase, destruction of books for model training fuels copyright debate

AI companies reportedly buy, digitise used books for AI training before destroying originals If the Pakistani government treats AI merely as an economic booster rather than a deep structural risk, it will willingly subject its 240-million population to the mercy of automated proxies. photo:file Artificial intelligence (AI) companies are increasingly purchasing thousands of used books,…

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Hormuz tensions send PSX tumbling over 4,200 points

KSE-100 comes under heavy pressure as geopolitical risks dent investor confidence KARACHI: Massive selling pressure enveloped the Pakistan Stock Exchange (PSX) on Tuesday as escalating tensions between the United States and Iran triggered widespread panic selling, dragging the benchmark KSE-100 Index down by more than 4,200 points during intraday trading. The sharp decline mirrored weakness…

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Australia finds serious gaps in Big Tech response to online child sexual abuse

Online platforms fail to detect known sexual extortion coercion scripts, eSafety says Instagram, TikTok, Snapchat, YouTube, Facebook, Twitch and Reddit applications are displayed on a mobile phone in this picture illustration. Photo: Reuters Big Tech companies, including Apple, ​Meta and Google, have “significant gaps” in tackling child sexual abuse and the growing threat of online…

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ME escalation triggers sharp sell-off at PSX

KARACHI: Fresh attacks by the US and Iran on each other sparked a wave of selling at the Pakistan Stock Exchange (PSX) on Monday, with investors dumping shares as soaring oil prices and concerns over global energy supplies weighed heavily on market sentiment. Earlier, trading opened on a sharply negative note, when the benchmark KSE-100…

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