Bio
Saqib is COO and co-founder at A47 AI, where he runs operations and leads the prediction-markets initiative. He covers crypto, Web3, and the decentralization of the sport and entertainment economy.
Editorial Responsibility
As A47's prediction-markets and crypto editor, I am responsible for our coverage of these markets and Web3 — ensuring it is grounded in real product, data, and revenue rather than speculation.
Previous experience · 14+ years
- · WPP Media (GroupM PK, Wavemaker PH)
- · MYCO
- · ARY Digital Network
Education
MBA Marketing, SZABIST
Areas of expertise
Categories overseen
Stories from Saqib Pathan’s desk
5843 stories- Business· World
Onsemi acquires Synaptics in $7 billion all-stock deal
Onsemi has announced its acquisition of Synaptics in a significant all-stock deal valued at approximately $7 billion. This strategic move is driven by Onsemi's focus on advancing 'physical AI' technologies for applications in automotive and industrial sectors. The acquisition is expected to reshape the semiconductor landscape by enhancing Onsemi's capabilities in edge AI solutions.
4 sourcesJun 28
- Business· World
Reformation Inc. files for IPO amid rising sales in sustainable fashion
Reformation Inc., a sustainable womenswear brand, has filed for an initial public offering in the United States. This move is prompted by the company's reported increase in revenue and the broader trend of retail companies going public. The IPO could enable Reformation to secure capital for further expansion in the growing sustainable fashion market.
4 sourcesJun 28
- Economy· World
Technology sector faces renewed downturn as chip stocks decline and Apple raises prices
The technology sector is experiencing a downturn as chip stocks resume their decline following a brief rally. This shift is triggered by Apple's recent price hikes, which have dampened investor enthusiasm and market sentiment. Long-term implications suggest that investors will need to closely monitor the tech sector for potential recovery signals amidst ongoing volatility and external factors like oil prices.
5 sourcesJun 28
- Economy· World
FTSE 100 Declines Amid Geopolitical Tensions and Tech Selloff
The FTSE 100 index has experienced a decline due to negative sentiment following a recent attack in the Hormuz region and a broader selloff in technology stocks. This downturn is occurring at this specific moment as investors react to geopolitical instability and the underperformance of the tech sector. Long-term implications may include increased market volatility and a cautious outlook for the FTSE 100 as investors monitor these external and internal factors.
3 sourcesJun 28
- Crypto· World
Bitcoin ETFs face record outflows amid market selloff
Bitcoin ETFs have recorded unprecedented outflows totaling $696 million in a single day as Bitcoin's price fell below $60,000. This selloff is driven by a risk-off sentiment among institutional investors, exacerbated by tightening macroeconomic conditions. The ongoing instability may lead to further declines in the cryptocurrency market if investor confidence does not recover.
5 sourcesJun 28
- Economy· World
Euro zone bond yields decline significantly amid falling oil prices
Bond yields in the Euro zone are experiencing their largest weekly drop in over a year due to a significant decline in oil prices. This shift is occurring as oil prices reach their lowest levels since the onset of the conflict with Iran, impacting investor sentiment. The long-term implication suggests that ongoing fluctuations in oil prices will continue to influence Euro zone bond markets and economic stability.
3 sourcesJun 28
- Business· World
JPMorgan Chase appoints Doug Petno and Troy Rohrbaugh as co-presidents following Marianne Lake's retirement
JPMorgan Chase has appointed Doug Petno and Troy Rohrbaugh as co-presidents after the retirement of Marianne Lake. This leadership transition is occurring now as the bank shifts its succession strategy away from female candidates for the CEO position. The long-term implication may involve a reevaluation of the bank's commitment to gender diversity in leadership roles and its strategic direction in the financial industry.
4 sourcesJun 28
- Business· World
JPMorgan CEO succession race narrows to all-male candidates
Marianne Lake has withdrawn from the CEO succession race at JPMorgan, narrowing the field to male candidates. This shift follows the recent promotions of two male executives, indicating a change in the dynamics of the succession process. The implications for gender diversity in corporate leadership at JPMorgan will be closely monitored as the bank moves forward without female contenders for the top position.
5 sourcesJun 28
- Crypto· World
Bitcoin's value drops 20% amid investor concerns and rising interest rates
Bitcoin's price has fallen to $59,000, marking a significant decline in the cryptocurrency market. This drop is triggered by investor worries about Strategy's performance and the impact of rising interest rates, leading to a nearly 10% decrease in Strategy's stock value. Analysts suggest that this market shakeout could potentially set the stage for a future rally in cryptocurrency prices.
3 sourcesJun 28
- Business· World
Polestar banned from U.S. market due to regulatory issues with Chinese software
Polestar has withdrawn from the U.S. market following a government ban on its EV sales. The ban is a result of U.S. regulations prohibiting Chinese software in vehicles, reflecting heightened scrutiny on foreign technology companies. As geopolitical tensions continue, foreign EV manufacturers may face additional hurdles in the U.S. market, prompting them to reassess their strategies and partnerships.
3 sourcesJun 28
- Business· World
Uber enforces stricter background checks for US drivers amid safety concerns
Uber is tightening its driver background check process in the US. This change is prompted by increasing safety concerns and a series of sexual assault lawsuits against the company. In the long term, these measures may reshape the ride-hailing landscape by impacting driver recruitment and retention while aiming to restore passenger trust.
3 sourcesJun 28
- Business· World
SpaceX's $25 billion bond sale faces severe secondary market losses
SpaceX's bond sale is experiencing significant sell-offs and losses just days after raising $25 billion. The immediate cause is a rapid decline in bond value, with yields approaching junk-rated levels, raising alarms about high-growth asset valuations. This situation may lead investors to reassess their exposure to similar high-growth assets, potentially impacting future fundraising in the tech and aerospace sectors.
3 sourcesJun 28
- Economy· World
Gold prices decline amid rising Federal Reserve interest rate expectations
Gold prices are on track for a potential fourth consecutive weekly loss due to increasing expectations of a Federal Reserve interest rate hike. This shift is occurring as the strengthening dollar continues to exert downward pressure on gold prices. In the long term, investors are likely to remain cautious and closely monitor Federal Reserve announcements for further implications on gold and commodity markets.
3 sourcesJun 28
- Economy· World
Tech Stocks Lead Market Decline with Nasdaq Posting Fifth Consecutive Loss
The Nasdaq Composite has fallen for five consecutive sessions, reflecting a significant downturn in the stock market. This decline is primarily triggered by a notable drop in Apple shares, which has heavily impacted the tech sector. Investors are likely to remain cautious as they monitor the performance of major tech companies and broader economic indicators for signs of recovery.
3 sourcesJun 28
- Economy· World
Oil prices drop to pre-war levels amid increased tanker activity in the Strait of Hormuz
Oil prices have retreated to levels not seen since before the US-Iran war. This decline is attributed to a surge of tankers leaving the Strait of Hormuz, signaling a shift in supply dynamics. However, market analysts warn that the oil market may tighten again in the near future, potentially impacting global economies and consumer costs.
3 sourcesJun 28
- Economy· World
ECB Signals Further Interest Rate Hikes to Combat Persistent Inflation
The European Central Bank is poised to continue raising interest rates as inflation remains a critical issue. This decision is driven by ongoing energy price pressures and the need for monetary tightening despite geopolitical developments. The long-term implication is a commitment to stringent monetary policy that may impact economic growth and market stability.
4 sourcesJun 28
- Business· World
EasyJet Opens Negotiations After Rejecting £4.9 Billion Takeover Bid from Castlelake
EasyJet has rejected Castlelake's fourth takeover offer and is now open to negotiations for a better proposal. The airline believes the current offer of 650p per share significantly undervalues its worth and raises concerns about its feasibility. This willingness to negotiate could lead to a more competitive bidding process, potentially resulting in a higher valuation for EasyJet if a suitable offer is made.
5 sourcesJun 28
- Economy· MENA
Oil prices decline to pre-war levels amid increased Middle Eastern supply
Oil prices have fallen back to pre-war levels, with Brent crude dropping below $72.48 a barrel. This shift is driven by a resurgence in oil flows from the Gulf region, particularly through the Strait of Hormuz, following recent US-Iran diplomatic efforts. If these negotiations continue to ease tensions, the oil market may stabilize further, potentially leading to lower fuel costs for consumers.
5 sourcesJun 28
- Business· World
Ryanair eliminates family seating fees for parents on flights
Ryanair has announced the removal of fees for parents wishing to sit next to their children on flights. This change follows an investigation by Britain's competition watchdog into the legality of such charges. The long-term implication may lead to other airlines reevaluating their family seating policies in response to consumer demand and regulatory pressure.
3 sourcesJun 28
- Business· World
Crown Estate profits decline as offshore wind boom fades
The Crown Estate has reported a significant fall in profits due to reduced income from offshore wind farm developments. This decline is occurring as the temporary boost from new offshore wind farm licenses diminishes. The long-term implication suggests that the Crown Estate's financial health will increasingly depend on the stability and growth of the offshore wind sector.
3 sourcesJun 28