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Pakistan said on Wednesday it had signed an agreement with a firm connected to World Liberty Financial, the main crypto business of US President Donald Trump’s family, to explore using World Liberty’s stablecoin for cross-border payments. The Pakistan Virtual Asset Regulatory Authority (PVARA) said in a statement that a memorandum of understanding (MoU) with SC Financial Technologies, a little-known company it described as an “affiliated entity” of World Liberty, would enable “dialogue and technical understanding around emerging digital payment architectures”. The announcement represents one of the first publicly announced tie-ups between World Liberty, a crypto-based finance platform launched in September 2024, and a sovereign state. It also comes amid a warming of ties between Pakistan and the United States. Under the agreement, SC Financial Technologies will work with Pakistan’s central bank to integrate its USD1 stablecoin into a regulated digital payments structure, allowing the token to operate alongsid...
Denmark and Greenland’s top diplomats held high-stakes talks at the White House on Wednesday, with US President Donald Trump warning it was “vital” for the United States to take control of the Arctic island. Shortly before the meeting with US Vice President JD Vance and Secretary of State Marco Rubio, Denmark announced it was immediately boosting its military presence in strategic Greenland. Footage from CNN showed Danish Foreign Minister Lars Lokke Rasmussen and his Greenlandic counterpart Vivian Motzfeldt arriving at the White House campus, while AFP journalists saw Rubio and Vance heading into the talks. Trump’s escalating threats over Greenland — a vast and sparsely populated autonomous territory belonging to Nato ally Denmark — have deeply shaken transatlantic relations. The 79-year-old Republican insisted ahead of the talks that Nato should support the US effort to take control of Greenland, saying it was crucial for his planned Golden Dome air and missile defence system. “Nato becomes far more formidab...
ISLAMABAD: The World Economic Forum (WEF) finds geo-economic confrontation as the top risk for 2026, followed by interstate conflict, extreme weather, societal polarisation, and misinformation and disinformation, its report said on Wednesday. The Global Risks Report 2026, a premier source of original global risks data for Switzerland-based WEF, warned that the multilateral system is under pressure. “Declining trust, diminishing transparency and respect for the rule of law, along with heightened protectionism, are threatening longstanding international relations, trade and investment and increasing the propensity for conflict,” it read. Geo-economic confrontation topped the near-term rankings, with 18 per cent of respondents viewing it as the risk most likely to trigger a global crisis in 2026. It was also ranked first for severity over the next two years, up eight positions from last year. State-based armed conflict followed in second position for 2026, dropping to fifth position in the two-year timeframe. Sh...
A crane at a China-backed high-speed rail project in Thailand collapsed onto a passenger train on Wednesday and caused it to derail, killing at least 32 people, authorities said. The massive crane’s broken structure was left resting on giant concrete pillars, while smoke rose from the wreckage of the train below, footage from the scene verified by AFP showed. The company contracted to build the section of the high-speed rail where the crane fell, Italian-Thai Development — one of Thailand’s biggest construction firms — has seen a series of deadly accidents at its sites in recent years. The firm expressed condolences for those killed and the dozens injured, saying in a statement it would “take responsibility for compensating the victims’ families and covering medical expenses for those injured”. The Thai health ministry said 32 people were killed, three were missing and 64 were hospitalised, including seven in serious condition. Dozens of rescuers worked into the evening, using other cranes to remove wreckage ...
Danish badminton player and world number three Anders Antonsen has announced his withdrawal from the India Open due to “extreme pollution” in New Delhi. “Many is [sic] curious as to why I have pulled out of the India Open for the third consecutive year,” the 28-year-old said on his Instagram stories early on Wednesday morning. “Due to the extreme pollution in Delhi at the moment, I don‘t think it’s a place to host a badminton tournament. “Crossing my fingers that it will be better in the summer when the World Championships will take place in Delhi,” Antonsen, who was seeded sixth in the tournament, added. He added that the Badminton World Federation had “once again” fined him $5,000 as a result of his withdrawal from the tournament. In another Instagram story, Antonsen posted a screenshot of air quality monitor IQAir, which showed Delhi’s AQI at 348, falling in the “hazardous” category, at 3:30am local time. Delhi and its neighbouring districts are prone to a thick smog every winter as cold, heavy air traps c...6670 items