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
8518 stories- Business· World
Snowflake's Stock Soars 36% Following Major AI Partnership with Amazon
Snowflake's stock surged 36% after the company announced boosted guidance and a significant AI compute deal with Amazon. This remarkable increase is driven by strong fiscal first-quarter results and renewed investor confidence in Snowflake's growth potential in artificial intelligence. The long-term implication suggests that Snowflake is well-positioned for future growth, potentially leading to further stock price increases and enhanced market confidence in the AI sector.
3 sourcesMay 31High
- Economy· World
Gold prices hit two-month low amid US-Iran deal uncertainty
Gold prices have reached a two-month low due to volatility stemming from ongoing US-Iran negotiations and a weaker dollar. The immediate trigger for this decline is the mixed signals regarding a potential truce in the region, which has heightened inflation fears among traders. In the long term, the outcome of these negotiations is likely to continue influencing gold prices and overall market sentiment significantly.
3 sourcesMay 31Low
- Business· World
Asana acquires Stack AI for $75 million to enhance AI capabilities
Asana has announced the acquisition of Stack AI for $75 million, marking a significant shift in its strategy towards AI integration. This move is driven by Asana's goal to strengthen its position in the competitive landscape of enterprise software and human-agent collaboration. In the long term, this acquisition is expected to lead to innovative developments in AI-driven workflows, transforming team collaboration and task management.
4 sourcesMay 31Low
- Economy· World
U.S. dollar declines amid potential U.S.-Iran ceasefire agreement
The U.S. dollar is set to end the week lower due to reports of a potential ceasefire agreement between the U.S. and Iran. This development is occurring as traders reassess geopolitical stability and its implications for oil prices and inflation. If the ceasefire is confirmed, it may lead to further de-escalation in tensions and impact currency markets significantly.
4 sourcesMay 31Moderate
- Economy· World
Chevron CEO warns of rising oil prices amid Strait of Hormuz disruptions and Iran war
Chevron's CEO has alerted that oil prices are set to increase due to significant supply disruptions caused by the ongoing war in Iran and attacks in the Strait of Hormuz. This warning comes as the conflict has persisted for 92 days, leading to the removal of 13 million barrels of oil per day from global markets. The long-term implication is a potential economic ripple effect, with consumers facing higher fuel costs as emergency oil reserves dwindle.
4 sourcesMay 31Low
- Economy· World
Lagarde Warns of Threats to Central Bank Independence
Christine Lagarde has raised alarms about the increasing governmental pressures threatening the independence of central banks, particularly the Federal Reserve. This warning comes as global economic challenges intensify, prompting discussions on the balance of power between governments and monetary authorities. The future of central-bank independence will be pivotal in shaping monetary policy and government relations in the years ahead.
3 sourcesMay 31Low
- Business· World
Albert Manifold Dismissed as BP Chairman Amid Governance Concerns
Albert Manifold was removed from his position as chairman of BP on May 26, 2026, following allegations of governance issues by the board. His dismissal comes at a time when BP is already facing scrutiny over its leadership stability and strategic direction. This incident is likely to further undermine investor confidence in BP and could have broader implications for the energy sector's governance practices.
9 sourcesMay 31Moderate
- Business· World
European Commission Investigates JD.com's €2.2 Billion Acquisition of Ceconomy AG
The European Commission has initiated a full review of JD.com's proposed acquisition of Ceconomy AG, raising concerns about competition distortion. This investigation is triggered by apprehensions regarding the influence of Chinese subsidies on the European market. The outcome may set a precedent for future foreign acquisitions and investment strategies within the EU.
4 sourcesMay 31Low
- Business· World
CNN Sues Perplexity AI for Copyright Infringement
CNN has filed a federal lawsuit against Perplexity AI, alleging the unauthorized copying and distribution of thousands of its copyrighted works. This legal action follows unsuccessful negotiations for a licensing agreement between the two parties, highlighting ongoing tensions in the media and AI sectors. The outcome of this case could set significant precedents for copyright protections and content licensing in the rapidly evolving landscape of AI technologies.
7 sourcesMay 31Moderate
- Business· World
CBS News appoints Nick Bilton as new executive producer of '60 Minutes'
Nick Bilton has been appointed as the new executive producer of CBS's '60 Minutes', replacing Tanya Simon. This leadership change comes amid ongoing concerns regarding the show's editorial integrity and follows the departure of key personnel. The shift in leadership may lead to a renewed focus on journalistic standards and a potential change in content strategy as the program approaches its 59th season.
4 sourcesMay 31Low
- Business· World
KPMG Australia CEO Andrew Yates resigns amid whistleblower scandal
Andrew Yates, the CEO of KPMG Australia, has resigned due to failures in addressing whistleblower claims regarding data misuse. This resignation follows criticism of the firm's inadequate response to the allegations, highlighting significant governance issues. The long-term implication may involve increased scrutiny of KPMG's practices and a potential overhaul of its internal policies to restore trust.
3 sourcesMay 31Low
- Economy· World
Inflation in France and Spain reaches highest levels since 2024 prompting ECB interest rate discussions
Inflation rates in France and Spain have surged to their highest levels since 2024. This spike is driven by increasing energy costs and geopolitical tensions, particularly the Iran war. The European Central Bank is likely to consider interest rate hikes to manage inflation expectations and stabilize the euro-zone economy.
3 sourcesMay 31Moderate
- Economy· World
Bank of England Signals Tolerance for Higher Inflation Amid Economic Uncertainty
The Bank of England has announced a willingness to accept inflation above its 2% target due to current economic challenges, including the impact of the Iran war and sluggish growth in the UK. This decision comes as the central bank aims to support the economy without triggering permanent price increases. In the long term, this approach may lead to a prolonged period of stable interest rates as the bank monitors inflation trends and external factors.
4 sourcesMay 31Low
- Economy· World
Japan intervenes in foreign exchange market to support yen
Japan has confirmed a record intervention in the foreign exchange market, spending over $73 billion to support the yen against the dollar. This action was triggered by the yen's significant decline past the 160 per dollar threshold, prompting immediate government action. In the long term, Japan may need to continue such interventions to stabilize its currency amid ongoing economic pressures.
3 sourcesMay 31High
- Economy· World
Canadian Prime Minister Carney advocates for stronger U.S.-Canada economic partnership
Canadian Prime Minister Mark Carney delivered a speech in New York calling for a renewed economic partnership with the United States. This initiative comes as Canada seeks to diversify its economic partnerships amid global competition. The long-term implication may involve shifts in trade dynamics and potential new agreements between the two nations.
3 sourcesMay 31Low
- Economy· World
U.S. jobless claims rise to 215,000 amid Iran war uncertainties
Jobless claims in the U.S. increased to 215,000, indicating a cautious labor market. This rise is attributed to ongoing economic uncertainty linked to the war in Iran, prompting more individuals to seek unemployment benefits. If these uncertainties persist, the labor market may face further challenges, impacting future employment trends and economic stability.
3 sourcesMay 31Low
- Crypto· World
CFTC Requests to Vacate $5 Million Penalty Against Gemini Trust Company
The U.S. Commodity Futures Trading Commission has filed a joint request with Gemini Trust Company to vacate a $5 million penalty imposed in January 2025. This request follows the CFTC's reassessment of the original enforcement action, which was based on a whistleblower account now deemed not credible, indicating that Gemini was a victim of fraud. The long-term implication may lead to a shift in regulatory approaches towards cryptocurrency, potentially fostering a more favorable environment for crypto firms in the U.S. and beyond.
11 sourcesMay 31Low
- Business· World
Tilman Fertitta completes $5.7 billion acquisition of Caesars Entertainment
Tilman Fertitta's Fertitta Entertainment has finalized a $5.7 billion all-cash acquisition of Caesars Entertainment, which includes assuming approximately $11.9 billion in debt. This strategic move comes after years of interest from Fertitta, aiming to reshape the casino industry amid ongoing challenges in attracting visitors. The acquisition is expected to enhance competition in the casino sector and position Fertitta to leverage his hospitality experience to revitalize Caesars and the Las Vegas Strip.
6 sourcesMay 31Low
- Economy· World
Oil Prices Drop Following U.S.-Iran Ceasefire Negotiations
On May 29, 2026, oil futures fell sharply as news broke of a tentative ceasefire agreement between the United States and Iran, which could lead to the reopening of the Strait of Hormuz. This development is occurring now due to ongoing negotiations aimed at reducing hostilities and stabilizing the region's oil supply chains. If successful, this ceasefire could lead to a more stable oil market and increased investment in the energy sector, particularly benefiting economies reliant on oil trade.
7 sourcesMay 31Low
- Economy· MENA
Oil Prices Fall as U.S. and Iran Move Towards Strait of Hormuz Agreement
On May 27, 2026, oil prices declined as traders reacted to signs of a potential agreement between the U.S. and Iran to reopen the Strait of Hormuz. This shift follows a brief price rally triggered by recent U.S. military strikes in Iran, highlighting the market's sensitivity to geopolitical developments. If negotiations succeed, the reopening of the strait could stabilize global oil supply and pricing, significantly impacting the energy market and regional economies.
9 sourcesMay 31Low