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US Announces Global Visa Restrictions Targeting Cybercriminals and Online Fraud Networks
World

US Announces Global Visa Restrictions Targeting Cybercriminals and Online Fraud Networks

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The United States has unveiled a new global visa restriction policy targeting foreign nationals involved in cybercrime and cyber-enabled criminal activities, including online investment scams and sextortion, as part of a broader effort to protect American citizens from growing digital threats. The policy, announced on Friday by US Secretary of State Marco Rubio, allows the US government to deny visas to individuals found responsible for or complicit in cyber-enabled crimes. The restrictions may also extend to the immediate family members of those involved. According to the US State Department, the measure is part of the Trump administration’s wider campaign to disrupt international cybercriminal networks that target American citizens through sophisticated online fraud schemes. New Policy Targets Online Investment Scams and Sextortion In a statement announcing the new policy, Rubio said President Donald Trump had directed his administration to take stronger action against online financial fraud through an executive order aimed at combating cyber-enabled crime. He said online investment scams had become an unprecedented threat to Americans, causing billions of dollars in losses and supporting wider criminal activities. “President Trump has made clear that his administration is taking action to counter an unprecedented threat from online investment scams,” Rubio said. According to the State Department, many of these scams are allegedly orchestrated by Chinese transnational criminal organisations, which officials say defrauded US citizens of at least $10 billion during 2024. The department added that proceeds from these scams are believed to finance other illegal activities, including money laundering, corruption and human trafficking. Immediate Family Members May Also Face Restrictions Under the new policy, visa restrictions can be imposed not only on individuals directly involved in cybercrime but also on those considered complicit in facilitating such activities. In addition, immediate family members of designated individuals may also become ineligible for US visas. The State Department said the expanded approach is intended to discourage participation in organised cybercrime and prevent criminals from benefiting from international travel. Officials believe stronger immigration measures will complement existing law enforcement efforts aimed at dismantling transnational criminal organisations. US Plans Broader Crackdown on Cybercrime Alongside visa restrictions, the United States said it would continue using multiple legal and financial tools to combat cyber-enabled crime across international borders. According to the State Department, these measures include: Criminal prosecutions.Economic sanctions.Asset seizures.Extradition requests.Enhanced cooperation with international law enforcement agencies. US officials said the coordinated strategy is designed to identify, disrupt and prosecute criminal networks responsible for online fraud targeting Americans. “By restricting visa issuance to those who are responsible for or complicit in these criminal enterprises, we are sending a clear message: the United States will go after those who prey on our citizens,” Rubio said. Growing Concern Over Sextortion Cases The State Department also highlighted the growing threat posed by overseas sextortion schemes targeting American children and teenagers. Officials said these crimes have caused significant emotional, psychological and financial harm to victims and their families. Sextortion typically involves criminals coercing victims into sending explicit images or money through threats of exposing private material online. US authorities said combating these crimes has become a major law enforcement priority because of their increasing frequency and severe impact on victims. Global Policy, Not Limited to One Country Although the State Department specifically referred to Chinese criminal organisations allegedly involved in large-scale online investment fraud, the new visa restriction policy applies globally. The policy is not directed at any single country and can be used against foreign nationals from any nation who are found to have participated in cybercrime or cyber-enabled criminal activities. The United States said the new measures demonstrate its commitment to strengthening international cooperation against digital crime and protecting individuals from increasingly sophisticated online scams. The announcement reflects Washington’s broader effort to curb cross-border cybercrime by combining immigration enforcement with criminal investigations and international partnerships.

India Sells Net $6.1 Billion to Support Rupee Amid Oil Price Surge
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India Sells Net $6.1 Billion to Support Rupee Amid Oil Price Surge

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India’s central bank sold a net $6.1 billion in foreign exchange during May as it stepped up efforts to stabilize the rupee, which came under intense pressure from soaring global oil prices and heightened geopolitical tensions in the Middle East. The intervention by the Reserve Bank of India (RBI) reflects the growing impact of rising crude oil prices on one of the world’s largest energy importers, where higher import costs have weighed heavily on the domestic currency. RBI Steps Up Dollar Sales to Stabilize the Rupee According to the RBI’s latest monthly bulletin, the central bank purchased $22.2 billion while selling $28.3 billion in the foreign exchange market during May, resulting in a net sale of $6.1 billion. The intervention came as the Indian rupee weakened to a record low of 96.96 against the US dollar, driven largely by rising international oil prices linked to escalating tensions involving Iran. The RBI’s currency operations were aimed at limiting excessive volatility and maintaining orderly market conditions. Oil Price Shock Weighed Heavily on the Currency India relies heavily on imported crude oil, making the economy particularly sensitive to global energy price fluctuations. The spike in oil prices increased the country’s import bill, placing additional pressure on the rupee as demand for US dollars rose to finance energy imports. The geopolitical uncertainty surrounding the Middle East further contributed to investor caution and currency market volatility. RBI Introduces Measures to Boost Dollar Inflows In addition to intervening directly in the foreign exchange market, the RBI introduced several policy measures designed to attract additional foreign currency into the country. These included tax incentives for foreign debt investments and initiatives encouraging overseas foreign currency deposits. The measures helped improve market sentiment and supported the rupee during the latter part of the month. Meanwhile, the RBI’s outstanding net forward dollar sales increased to a record $106.6 billion at the end of May, compared with $95.3 billion in April. The central bank’s gold holdings remained unchanged at 880.52 metric tonnes. Foreign Investment Sentiment Shows Improvement Foreign investors continued to reduce their exposure to Indian equities through June, but market sentiment improved following the RBI’s intervention and liquidity measures. Bond markets recorded stronger foreign inflows during June, while both bond and equity investments remained positive during July, indicating a gradual recovery in investor confidence. The RBI also noted that India’s foreign exchange reserves continue to provide import cover for approximately 10 months, helping strengthen the country’s external financial position. Economic Challenges Persist Despite signs of improving capital inflows, India’s economy continues to face challenges from elevated global oil prices. Higher energy costs have increased import expenses, while weaker monsoon conditions have created additional pressure on agricultural output. However, authorities say stable core inflation and adequate public food stocks continue to provide important support for the broader economy. RBI Expected to Remain Vigilant Following the release of the data, the Indian rupee closed 0.3 percent lower at 95.5650 per US dollar. Market analysts expect the Reserve Bank of India to continue closely monitoring currency markets and remain prepared to intervene if global geopolitical developments or further oil price volatility place renewed pressure on the rupee.

Pakistan Canada Economic Cooperation Gains Momentum as High-Level Talks Unlock New Trade and Investment Opportunities
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Pakistan Canada Economic Cooperation Gains Momentum as High-Level Talks Unlock New Trade and Investment Opportunities

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Pakistan Canada Economic Cooperation has received a significant boost after senior officials from both countries pledged to deepen economic engagement, attract new investment, and strengthen business partnerships across multiple sectors. The high-profile visit of Canada’s Foreign Minister Anita Anand to Islamabad marks the first visit by a Canadian foreign minister in nearly two decades, signaling renewed confidence in one of Pakistan’s long-standing international partnerships. Deputy Prime Minister and Foreign Minister Ishaq Dar described the visit as an important turning point that could reshape future economic relations between Islamabad and Ottawa. Beyond diplomatic symbolism, the discussions focused heavily on practical opportunities that could generate investment, improve bilateral trade, and create stronger commercial links between businesses in both countries. Pakistan Canada Economic Cooperation Becomes the Centrepiece of Bilateral Talks Economic collaboration dominated the discussions between the two governments, reflecting a shared desire to transform political goodwill into measurable business outcomes. Pakistan highlighted that expanding trade and encouraging Canadian investment remain top priorities. Officials explored ways to improve business-to-business connections, facilitate investment, and remove barriers that currently limit commercial cooperation. Islamabad invited Canadian companies to explore investment opportunities in several high-growth sectors, including education, renewable and conventional energy, mining, critical minerals, agriculture, infrastructure development, and information technology. These industries are increasingly viewed as key drivers of Pakistan’s economic transformation and offer substantial opportunities for foreign investors seeking emerging markets. Government officials also discussed investment facilitation mechanisms designed to simplify the investment process and create a more predictable environment for international businesses considering Pakistan as a regional investment destination. Trade, Agriculture and Investment Agreements Could Open New Markets One of the most notable outcomes of the visit was the announcement that Pakistan and Canada are preparing to sign a new protocol governing Canadian canola imports. Officials also confirmed plans for technical cooperation between Pakistan’s National Agri-Trade and Food Safety Authority (NAFSA) and the Canadian Food Inspection Agency. The partnership is expected to improve agricultural standards, strengthen food safety systems, and modernize Pakistan’s agricultural trade infrastructure. Another major topic was the proposed Foreign Investment Protection and Promotion Agreement (FIPPA). Both countries expressed support for accelerating negotiations toward a mutually beneficial agreement that would provide greater protection and confidence for investors operating across both markets. If finalized, such an agreement could significantly improve investor confidence while encouraging greater long-term capital inflows into Pakistan. Pakistan and Canada Target Long-Term Business Growth The discussions extended well beyond traditional trade. Both governments agreed to expand cooperation in education, labour mobility, science and technology, climate change, innovation, and people-to-people exchanges. These sectors are increasingly viewed as essential components of sustainable economic development and long-term bilateral growth. Officials also agreed to strengthen institutional cooperation through regular consultations between ministries and government agencies. Annual meetings will be held to monitor progress and ensure commitments translate into concrete outcomes rather than remaining diplomatic statements. The strong Pakistani diaspora in Canada was repeatedly highlighted as one of the biggest strategic advantages for strengthening commercial and investment relations between the two countries. Business leaders view this community as an important bridge for facilitating investment, entrepreneurship, and cross-border partnerships. Regional Issues Also Featured During High-Level Discussions While economic cooperation remained the dominant theme, the two foreign ministers also exchanged views on several regional and international developments. The discussions covered Afghanistan, counterterrorism cooperation, regional security, and broader geopolitical challenges. During the joint briefing, Ishaq Dar also raised Pakistan’s concerns regarding the Jammu and Kashmir dispute and India’s decision to suspend the Indus Waters Treaty in 2025. Pakistan called on friendly countries, including Canada, to support the restoration of the treaty and uphold international legal obligations governing shared water resources. Although these political issues remain sensitive, both governments maintained that continued diplomatic engagement is essential for regional peace, stability, and economic prosperity. A Rare Diplomatic Visit Signals Renewed Confidence Anita Anand emphasized the historic significance of her visit, noting that it has been approximately 20 years since a Canadian foreign minister last travelled to Pakistan. She acknowledged that the two countries share nearly eight decades of diplomatic relations and agreed that considerable opportunities remain untapped, particularly in trade, investment, and economic collaboration. Her remarks reinforced Canada’s interest in building stronger commercial relationships with Pakistan while expanding cooperation across multiple strategic sectors. Outlook for Pakistan Canada Economic Cooperation The visit has generated renewed optimism among policymakers and businesses that Pakistan-Canada relations are entering a more economically focused phase. With negotiations progressing on investment protection, agricultural cooperation, business facilitation, and technology partnerships, both governments appear committed to translating diplomatic dialogue into tangible economic gains. For Pakistan, attracting Canadian investment could support growth in priority industries and create new employment opportunities. For Canadian businesses, Pakistan offers access to a large and expanding market with growing demand across infrastructure, technology, agriculture, education, and energy. If the commitments announced during the Islamabad meetings are implemented effectively, Pakistan Canada Economic Cooperation could emerge as one of the most promising bilateral economic partnerships for both countries in the coming years.

Andy Burnham Becomes UK Prime Minister: Britain's Economy Faces a Defining Moment
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Andy Burnham Becomes UK Prime Minister: Britain’s Economy Faces a Defining Moment

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Britain has entered another chapter of political change as Andy Burnham UK Prime Minister officially takes office, becoming the country’s sixth prime minister since 2016. His arrival at Downing Street marks more than a leadership transition—it represents a critical test for one of Europe’s largest economies, where political instability, weak economic growth, rising government debt, and public frustration have combined to create enormous pressure on the new administration. Burnham inherits power following the resignation of Keir Starmer, whose government struggled with political controversies, policy reversals, and declining public confidence despite Labour’s overwhelming election victory just two years earlier. Markets, businesses, and millions of households will now be closely watching whether Burnham can deliver meaningful economic reforms while rebuilding trust in government. Andy Burnham UK Prime Minister Begins with an Ambitious Reform Agenda Speaking before officially entering Downing Street, Burnham made it clear that his government intends to break away from the political approach that has dominated Britain over the past decade. He argued that existing policies have failed to deliver sustainable economic progress and pledged to govern differently by focusing on stability, long-term investment, and stronger regional development. His administration is expected to prioritize restoring confidence in government while giving greater authority to regional communities outside London. One of the earliest signs of this policy shift came even before taking office. Burnham cancelled the previous government’s nationwide digital identity programme, a project estimated to cost £1.8 billion over three years. The funds, according to his team, will instead be redirected toward easing the cost-of-living pressures facing British families. The Economic Challenges Waiting at Downing Street The honeymoon period for any new leader is expected to be short. Britain’s economy continues to face sluggish growth, elevated borrowing costs, stubborn inflationary pressures, and an expanding welfare bill. At the same time, migration remains one of the country’s most politically sensitive issues, with increasing public support for Nigel Farage’s Reform UK placing additional pressure on Labour. External risks are equally significant. Volatile global energy prices, intensified by tensions surrounding the US-Iran conflict, continue to threaten businesses and consumers alike. Meanwhile, uncertainty surrounding United States policy under President Donald Trump adds another layer of unpredictability for international investors. These domestic and global challenges leave Burnham with limited financial flexibility, especially as strict fiscal rules require government spending to remain aligned with tax revenues. Cost-of-Living Relief Tops the New Government’s Priorities Throughout his leadership campaign, Burnham repeatedly highlighted the financial struggles facing ordinary households. He has promised early measures aimed at reducing the pressure on family budgets while reshaping public spending to focus on prevention rather than crisis management. Instead of increasing expenditure after problems emerge, Burnham argues that earlier investment in public services, communities, and economic development will generate better long-term outcomes while reducing government costs. Business leaders will also be paying close attention to his promised strategy for stimulating economic growth through investment and decentralisation, particularly in northern England and regional cities that have long argued they receive less government support than London. Political Stability Could Be Britain’s Biggest Economic Asset Perhaps Burnham’s greatest challenge is not introducing new policies but restoring confidence after years of political instability. Since 2016, Britain has experienced a revolving door of prime ministers, creating uncertainty for investors, businesses, and international partners. Burnham has acknowledged this reality, describing his leadership as an opportunity to bring a more stable and predictable style of government. His experience as Mayor of Greater Manchester has earned him a reputation for practical leadership focused on local communities rather than Westminster politics. Supporters believe this regional perspective could help reconnect government with voters who have become increasingly disillusioned. Labour Faces a Race Against Time While Burnham enters office with considerable public attention, political analysts argue that time is not on his side. The next general election is expected in 2029, leaving the new prime minister with only a few years to demonstrate tangible improvements in economic performance, living standards, and public services. Polls already suggest Reform UK could become Labour’s strongest challenger if voters remain dissatisfied. Burnham himself has described this moment as Labour’s “last chance” to prove it can govern effectively. Whether his strategy of increased investment, regional empowerment, and targeted cost-of-living support succeeds will determine not only the future of his government but also Britain’s broader economic direction. Outlook for Businesses and Investors The appointment of Andy Burnham UK Prime Minister represents a significant political shift that could reshape Britain’s economic priorities. Investors will be watching cabinet appointments, fiscal decisions, and early policy announcements for signals about taxation, infrastructure spending, business investment, and financial discipline. For companies operating in the UK, Burnham’s commitment to regional economic development could create new opportunities beyond London, while households will be hoping his promised cost-of-living measures deliver immediate financial relief. The coming months will determine whether Britain’s newest prime minister can transform ambitious promises into measurable economic results.

Iran Retaliates Against US Strikes with Attacks on Bases in Kuwait, Jordan
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Iran Retaliates Against US Strikes with Attacks on Bases in Kuwait, Jordan

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Iran Claims Missile and Drone Attacks on US-Linked Gulf Bases Iran has escalated tensions in the Middle East by claiming to have launched attacks on US-linked military bases in Kuwait and Jordan, following a fresh wave of American strikes on Iranian targets. The latest developments mark a significant escalation in the regional conflict, raising concerns over the security of Gulf states, global energy supplies, and international shipping routes. Retaliatory Strikes Intensify Regional Conflict Iran’s Islamic Revolutionary Guard Corps (IRGC) announced that it had carried out retaliatory operations targeting US military facilities. According to reports, missile and drone attacks targeted sites including Prince Hassan Air Base in Jordan and military installations in Kuwait. Explosions and fires were reported at fuel depots and ammunition storage facilities, while Jordanian and Kuwaiti defense systems were activated. Authorities reportedly intercepted some incoming projectiles as part of their air defense operations. The strikes came days after a fragile truce collapsed, with the United States conducting attacks on Iranian coastal and nuclear-related facilities, including areas near Bandar Abbas. Strait of Hormuz Shipping Faces Fresh Disruptions The renewed conflict has increased concerns over maritime security in the Strait of Hormuz, one of the world’s most important oil transit routes. Shipping traffic through the strategic waterway has slowed considerably as commercial vessels reassess security risks amid the ongoing military escalation. The disruption has heightened fears of potential interruptions to global crude oil supplies and increased freight costs. Global Energy Markets on Alert The latest escalation has contributed to renewed volatility in international oil markets. Oil prices have risen as investors price in the growing geopolitical risks associated with the conflict and the possibility of further disruptions to energy exports from the Gulf. Analysts warn that prolonged instability could have significant consequences for energy-importing countries, including Pakistan, through higher fuel import costs, inflationary pressures, and increased pressure on the external account. Regional Risks Continue to Grow India has advised its shipowners to avoid deploying seafarers on routes passing through the Strait of Hormuz, highlighting growing concerns over the safety of commercial shipping in the region. Iran has also warned of potential action affecting additional strategic sea lanes if the confrontation continues, raising fears of wider disruptions to international trade. Security analysts believe the conflict has entered a more dangerous phase, with the risk of broader regional involvement increasing as tensions continue to escalate. Uncertainty Remains High The situation remains fluid as both Iran and the United States continue military operations and exchange threats. With rising risks to Gulf security, international shipping, and global energy markets, governments and businesses are closely monitoring developments for signs of further escalation that could have widespread economic and geopolitical consequences.

US Court Tells Zia Chishti: It’s Over
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US Court Tells Zia Chishti: It’s Over

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A U.S. federal appeals court has affirmed the dismissal of former TRG Pakistan and Afiniti Chief Executive Officer Zia Chishti’s defamation lawsuit against former Afiniti employee Tatiana Spottiswoode and her legal representatives, concluding that his claims fail as a matter of law. The ruling by the U.S. Court of Appeals for the District of Columbia Circuit upholds a September 2024 decision of the U.S. District Court for the District of Columbia, which dismissed the lawsuit with prejudice after finding that the claims could not proceed under applicable U.S. law. Appeals Court Affirms Earlier Dismissal The dispute arose from Spottiswoode’s testimony before a U.S. congressional committee in 2021 regarding a 2019 arbitration proceeding in which she prevailed on claims against Chishti. The congressional hearing later contributed to legislative changes in the United States ending mandatory arbitration for workplace sexual assault and sexual harassment claims. Defamation Claims Rejected Chishti subsequently filed a defamation lawsuit, alleging that Spottiswoode’s congressional testimony, subsequent media interviews, and related public statements were false and breached confidentiality obligations arising from the arbitration proceedings. In its decision, the appeals court agreed with the district court’s conclusion that the statements challenged by Chishti were protected under U.S. law and that his complaint failed to establish legally actionable defamation. The court also rejected arguments seeking to revisit the arbitration outcome through the litigation. Court Addresses Telegraph Settlement The judgment also addressed Chishti’s reliance on a settlement with The Telegraph in the United Kingdom, concluding that the agreement did not alter the findings of the U.S. arbitration or provide a basis to revive his defamation claims. Legal Proceedings Continue to Conclude The appeals court’s decision leaves intact the dismissal of the lawsuit, bringing to a close another stage of the legal proceedings stemming from the long-running dispute. Ruling Reinforces Earlier Court Decision By affirming the district court’s dismissal with prejudice, the U.S. Court of Appeals has concluded that the defamation claims cannot proceed under applicable U.S. law. The decision represents the latest judicial development in the legal dispute arising from the 2019 arbitration and subsequent congressional testimony.

Deadly Wildfire in Southern Spain Kills 11, Leaves 19 Missing
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Deadly Wildfire in Southern Spain Kills 11, Leaves 19 Missing

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A devastating wildfire in southern Spain has claimed at least 11 lives and left 19 people missing, as firefighters continue battling one of the country’s deadliest blazes in recent years. The rapidly spreading fire has forced thousands of residents to evacuate, destroyed homes, and scorched vast areas of forest, with authorities warning that strong winds and extreme heat continue to hamper containment efforts. Wildfire Spreads Rapidly Across Southern Spain The wildfire erupted in southern Spain before quickly expanding due to high temperatures, dry vegetation, and powerful winds. Emergency services launched large-scale evacuation operations as flames threatened residential communities and critical infrastructure. Officials confirmed that at least 11 people have died, while search teams are working to locate 19 individuals who remain unaccounted for. Rescue operations are continuing under difficult conditions as firefighters attempt to contain multiple fire fronts. Thousands Evacuated as Firefighters Battle Blaze Authorities have evacuated thousands of residents from affected towns and villages as a precaution. Hundreds of firefighters, supported by aircraft and emergency response teams, have been deployed to combat the wildfire. Emergency officials warned that changing weather conditions and strong winds continue to fuel the blaze, making containment efforts more challenging. Extreme Weather Raises Wildfire Risk Spain has experienced prolonged heatwaves and exceptionally dry conditions this summer, significantly increasing wildfire risks across the country. Experts say climate change is contributing to more frequent and intense wildfires across southern Europe, where rising temperatures and drought have created ideal conditions for fast-moving fires. Authorities have urged residents to follow evacuation orders and avoid affected areas while emergency services continue firefighting and rescue operations. Investigation Underway Spanish authorities have launched an investigation into the cause of the wildfire. While the exact origin remains unknown, officials are assessing whether natural factors or human activity may have triggered the blaze. Search and recovery efforts remain ongoing as emergency teams continue to assess the full extent of the destruction.

Sheikh Hasina Plans December Return to Bangladesh Despite Death Sentence
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Sheikh Hasina Plans December Return to Bangladesh Despite Death Sentence

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Former Bangladesh Prime Minister Sheikh Hasina has announced plans to return to Bangladesh in December from self-imposed exile in India, saying she will surrender before the courts despite facing a death sentence handed down in absentia by a war-crimes tribunal. Hasina Vows to Return to Her Homeland The former leader fled Bangladesh in 2024 after student-led protests ended her long rule. A war-crimes court later sentenced her to death in absentia for allegedly ordering a crackdown that killed up to 1,400 people, according to a United Nations report. Hasina has denied all allegations against her. Expressing her emotional attachment to Bangladesh, she said, “If death comes, I want it to come on my own soil, where my parents are buried and where their blood was shed.” Return Could Have Major Political and Diplomatic Impact Hasina’s planned return is expected to deepen political divisions in the South Asian nation of 170 million people as the interim government continues efforts to restore stability. The move could also influence relations between Bangladesh and India, which has hosted the former prime minister since she left office. Bangladesh has repeatedly sought her extradition. However, Hasina said she has not coordinated her return with any foreign government and intends to return voluntarily. She added that while the authorities in Dhaka continue sending extradition requests to India, she plans to return on her own. Awami League Ban Remains a Key Issue The Awami League remains banned, with many of its leaders and supporters facing legal cases, arrests, or attacks. Despite the restrictions, Hasina said she has been reorganising the party through online meetings covering 125 constituencies. She also called for the ban on the Awami League to be lifted, arguing that voters—not the authorities—should determine the party’s future. According to Hasina, although she may have been convicted and could be barred from contesting elections, there is no justification for suspending the Awami League. Hasina Defends Her Political Legacy Hasina entered national politics after the assassination of her father, Sheikh Mujibur Rahman, in the 1975 military coup. She has been widely credited with overseeing significant economic growth during her years in office. However, critics have accused her government of suppressing political opposition and dissent throughout her two decades in power—allegations she has consistently denied. Hasina has also been arrested multiple times in the past during political movements against military rule. Former Prime Minister Says She Is Ready to Face Court Despite the possibility of imprisonment or even execution, Hasina said she is not afraid to return or face legal proceedings. Drawing on her previous experiences of detention, she reiterated her determination to return to Bangladesh, defend herself in court, and continue advocating for the Awami League.

AI Boom Creates New Energy Crisis as U.S. Data Centers Strain Power Grid
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AI Boom Creates New Energy Crisis as U.S. Data Centers Strain Power Grid

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The rapid growth of artificial intelligence is reshaping the U.S. energy landscape, with data center operators and power companies racing to secure electricity capacity and critical grid equipment to support the next wave of AI development. AI Data Centers Increase Pressure on Power Infrastructure The rising demand from AI-driven data centers has created significant pressure on the power sector, where utilities are facing shortages of essential infrastructure, including high-voltage transformers, circuit breakers, and switchgear needed to connect new facilities to the electricity grid. Industry estimates suggest that U.S. data center power demand could rise dramatically over the coming years, increasing from approximately 24 gigawatts (GW) today to around 110 GW by 2030 as companies continue expanding AI computing capacity. Grid Equipment Shortages Delay New Projects The challenge extends beyond electricity generation. Even where additional power is available, shortages of critical grid equipment are delaying the development of new data centers. Some major electrical components, including high-voltage transformers, now have delivery lead times exceeding three years due to limited manufacturing capacity and rising global demand. Utilities and Developers Seek Alternative Solutions To overcome equipment shortages, utilities and project developers are adopting several strategies. These include placing orders years in advance, reserving manufacturing capacity, sourcing equipment from international suppliers, and extending the operational life of existing electrical infrastructure. Such measures are aimed at ensuring that future AI facilities can be connected to the grid despite ongoing supply chain constraints. Energy Infrastructure Becomes Critical for AI Growth The growing competition for electricity underscores a new reality for the artificial intelligence industry: access to reliable energy infrastructure is becoming just as important as access to advanced semiconductors and computing hardware. As AI adoption continues to accelerate, companies and governments are increasingly investing in expanding grid capacity, strengthening equipment supply chains, and developing the energy infrastructure required to support the next generation of digital and AI-powered technologies.

48% of Travelers Avoid Sharing Sensitive Data With AI, Kaspersky Survey Shows
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48% of Travelers Avoid Sharing Sensitive Data With AI, Kaspersky Survey Shows

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Kaspersky’s latest survey reveals that while artificial intelligence is becoming an increasingly popular travel companion, many travelers remain cautious about sharing personal information. The findings show that AI is widely valued for saving time, providing personalized recommendations, and finding budget-friendly travel deals, but awareness of data security risks remains high. Travelers Turn to AI for Convenience According to the survey, 73% of respondents use AI to save time and simplify travel planning. Another 65% rely on AI to find information about major attractions and receive personalized recommendations based on their preferences. Additionally, 63% use AI to discover the best travel deals, while 61% trust AI to uncover information that would otherwise be difficult to find. Most Users Remain Cautious About Sharing Personal Data Beyond planning itineraries and researching destinations, many travelers also use AI to book hotels and transportation, often requiring the sharing of personal information. However, the survey found that 48% of respondents recognize the security risks associated with AI and deliberately avoid sharing sensitive data. A further 37% said they have limited concerns but still exercise caution when using AI tools. Overall, 86% of travelers who use AI for travel planning consider data security when interacting with these platforms, while only 14% believe that sharing any information with AI is completely secure. Kaspersky Urges Responsible AI Usage Commenting on the findings, Vladislav Tushkanov, Group Manager at Kaspersky AI Technology Research Center, said the level of caution demonstrated by travelers is encouraging. He noted that a rational approach is essential when interacting with AI, particularly when sharing personal information. While AI can be a valuable assistant, private conversations may still be exposed to cyber threats, and attractive offers generated by chatbots could sometimes be fraudulent. He emphasized that users should not abandon AI tools altogether but instead remain mindful, avoid oversharing personal information, and carefully assess which tasks are appropriate to delegate to AI. Tips for Safer AI-Assisted Travel Kaspersky recommends avoiding the sharing of sensitive personal information such as identification details, home addresses, passwords, and financial credentials with AI assistants. Users should also verify any links or emails suggested by AI tools before opening them and use trusted cybersecurity solutions to identify malicious websites and protect online transactions. For travelers relying on AI while abroad, Kaspersky also recommends maintaining a stable internet connection and considering an eSIM solution to ensure uninterrupted mobile data access during international travel. AI Adoption Continues Alongside Growing Cybersecurity Awareness The survey highlights that AI is becoming an increasingly important tool for travel planning, helping users save time, personalize trips, and find better deals. At the same time, growing awareness of cybersecurity risks suggests that travelers are becoming more selective about the information they share, balancing convenience with digital safety.

The Boardroom PK delivers trusted business news, analysis, and insights from Pakistan and beyond, keeping readers informed, inspired, and ahead in the evolving world of business and leadership.

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