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Pakistan's economy could reach $1 trillion by 2035 with a sustained 7% annual growth rate, according to World Bank VP Martin Raiser. He emphasized the need for key economic reforms and strong policies to attract foreign investment, while the World Bank pledged $20 billion over the next decade to support these efforts. The funding will focus on clean energy, climate resilience, and boosting private sector growth, amidst ongoing economic challenges and an IMF bailout program.
The BRICS bloc, comprising Brazil, Russia, India, China, and South Africa, is set to expand in 2025, with over 20 countries expressing interest in joining, driven by a desire for de-dollarization and a shift in global economic dynamics. U.S. President-elect Donald Trump has threatened 100% tariffs on nations supporting a BRICS currency, emphasizing the need to maintain the dominance of the U.S. dollar. The bloc aims to integrate nations that align with its vision, reflecting its growing influence in international affairs.
Mohammed Arsalan, a Pakistani cryptocurrency trader, was kidnapped on December 25 and forced to transfer $340,000 in crypto to his captors, including a suspected policeman. The incident has led to seven arrests, highlighting a troubling trend of crypto-related kidnappings and extortion. Meanwhile, Dean Skurka, CEO of WonderFi Technologies, was also abducted and released after a $720,000 ransom was paid electronically.
Crypto traders are increasingly targeted by kidnappers and extortionists, as evidenced by several recent incidents across the globe. In France, a man was rescued from a trunk after his captors demanded ransom from his son, a crypto influencer. Meanwhile, in Pakistan, a trader was forced to transfer $340,000 in cryptocurrency before being released. The surge in Bitcoin's value has spurred a rise in crypto-related crimes, with ransomware payments exceeding $1 billion in 2023.
Mohammed Azharuddin Chhipa, 35, from Springfield, Virginia, was convicted for providing material support to ISIS, including raising over $185,000 in cryptocurrency to assist female members and fighters in Syria. His actions involved financing escapes from prison camps and collaborating with a British-born ISIS member. Chhipa faces a maximum sentence of 20 years, with sentencing scheduled for May 5, 2025.
O.XYZ has launched OSOL100, an innovative AI index token that captures the value of Solana’s top 100 AI projects, providing users with a transparent and diversified investment tool. Each token represents a decentralized share of the fund, enhancing accessibility to promising developments in the AI ecosystem. This initiative aligns with O.XYZ’s mission to create a community-governed Sovereign Super AI, led by the first AI CEO, SuperMissO.
O.XYZ has launched OSOL100, an innovative AI index token that captures the value of Solana’s top 100 AI projects, providing users with a transparent and diversified investment tool. This token aligns with O.XYZ’s mission to create a community-governed Sovereign Super AI, enhancing the utility for OBOT token holders. The initiative is led by Ahmad Shadid, aiming to reshape AI technology to be accessible and independent of corporate control.
US officials are now urging Americans to use encryption apps for calls and texts to protect their privacy amid a significant breach of telecoms by Chinese hackers known as Salt Typhoon. This marks a notable shift from previous government stances against strong encryption, highlighting vulnerabilities in US telecom infrastructure. Meanwhile, Russian hackers continue to exploit other hackers' infrastructure for espionage, and law enforcement has cracked down on cybercrime, sentencing members of the dark web marketplace Hydra.
Vodafone has secured approval for a £15 billion merger with CK Hutchison's Three, creating the UK's largest mobile operator and potentially paving the way for further consolidation in Europe. Despite concerns over reduced competition and higher prices, regulators are acknowledging the need for increased investment in mobile networks. Vodafone's CEO emphasizes that outdated regulations have hindered the industry's ability to invest, while analysts suggest this regulatory shift could lead to more deals across Europe.
Farmers in Punjab, Pakistan, face challenges with new Super Seeders aimed at reducing crop stubble burning, which contributes to severe air pollution. While some, like Dilawar Khan Rath, see long-term benefits from the machines, high costs and limited availability hinder widespread adoption. The Punjab government plans to increase the number of Super Seeders and implement a leasing program to enhance accessibility and combat smog effectively.
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10:12 05.12.2024
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