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
5886 stories- Economy· World
Bank of Japan raises interest rates to 1% amid inflation concerns
The Bank of Japan has raised its benchmark interest rate to 1%, marking the highest level since 1995. This decision is driven by the need to address rising inflationary pressures and comes at a time when global markets are reacting to a preliminary peace deal between the U.S. and Iran. In the long term, this move may lead to increased scrutiny of monetary policies from other central banks as they prepare for upcoming meetings.
3 sourcesJun 19
- Business· World
Nuvei acquires Payoneer for $2.75 billion to enhance global payments infrastructure
Nuvei has announced its acquisition of Payoneer for approximately $2.75 billion. This strategic move is driven by the need to strengthen its cross-border payment capabilities and regulatory compliance at a time when consolidation in the digital commerce sector is accelerating. The long-term implication is that this acquisition may lead to further mergers in the payments industry as companies seek to enhance their competitive edge globally.
3 sourcesJun 19
- Business· World
Robinhood announces workforce reduction of 10% amid restructuring efforts
Robinhood is laying off approximately 290 employees as part of a restructuring initiative aimed at simplifying its management structure. This decision comes despite CEO Vlad Tenev's claims of strong business performance, highlighting the challenges faced in the trading environment. The long-term implication may involve a more streamlined organization that could enhance operational efficiency and market competitiveness in the future.
4 sourcesJun 19
- Business· World
Rivian announces layoffs as it prepares for R2 SUV launch
Rivian is laying off hundreds of employees in its service and customer organization to streamline operations. This decision is driven by the company's focus on achieving profitability and ramping up production of its R2 sport utility vehicle. In the long term, Rivian's success will hinge on the effective launch of the R2 SUV and maintaining financial stability through strategic workforce adjustments.
3 sourcesJun 19
- Economy· World
G7 leaders commit to addressing global debt vulnerabilities at summit
G7 leaders pledged to enhance efforts to tackle global debt vulnerabilities at their summit. This commitment comes as rising global debt levels threaten economic stability and hinder investment in developing economies. The long-term implication may be improved financial resilience and stability in emerging markets through coordinated international action.
3 sourcesJun 19
- Business· World
Kingboard Laminates to Raise $1.5 Billion Amid Stock Surge Driven by AI Interest
Kingboard Laminates Holdings Ltd. has announced plans to raise $1.5 billion through a stake sale following a dramatic increase in its stock price. This surge is attributed to heightened investment from mainland Chinese investors and growing optimism regarding the company's role in the AI sector. As the AI market expands, Kingboard is positioned to benefit further, potentially leading to continued investor interest and stock performance improvements.
3 sourcesJun 19
- Business· World
Yum! Brands sells Pizza Hut for $2.7 billion to Yum China and LongRange Capital
Yum! Brands has sold Pizza Hut for $2.7 billion to Yum China and LongRange Capital. This strategic divestment is driven by Yum! Brands' need to refocus on more profitable chains amid increasing competition in the fast-food sector. The acquisition is likely to lead to significant changes in Pizza Hut's operations and brand strategy under new ownership.
4 sourcesJun 19
- Business· World
OpenAI faces financial scrutiny ahead of IPO with $34 billion spending in 2025
OpenAI's reported spending reached $34 billion in 2025, raising concerns about its financial sustainability. This surge in expenditures is attributed to significant investments in research and development as well as sales and marketing as the company prepares for its IPO. The long-term implication is that OpenAI must navigate its financial challenges carefully to maintain investor confidence and ensure a successful public offering.
5 sourcesJun 19
- Business· World
HSBC partners with Google Cloud to implement AI across global operations
HSBC has announced a strategic partnership with Google Cloud to deploy artificial intelligence in its operations. This collaboration, revealed during the Google Cloud Summit in London, aims to enhance banking efficiency and profitability, with each project potentially generating over $100 million in revenue or savings. As HSBC implements AI, the banking sector may see increased competition and innovation, prompting other financial institutions to explore similar technological partnerships.
3 sourcesJun 19
- Economy· World
Kevin Warsh appointed as Chair of the Federal Reserve signaling potential shifts in monetary policy
Kevin Warsh is set to take over as Chair of the Federal Reserve, prompting forecasts of a quieter and more neutral central bank. This leadership change is occurring now as analysts from Goldman Sachs and Morgan Stanley assess the implications of Warsh's communication style on market dynamics. The long-term implication may involve increased volatility in Treasury yields, reshaping investor strategies and expectations in the financial markets.
3 sourcesJun 19
- Economy· World
Central banks announce plans to increase gold reserves amid geopolitical tensions
A significant number of central banks have announced intentions to increase their gold reserves in 2027. This trend is driven by rising geopolitical risks and a reassessment of reserve strategies in light of market volatility. The long-term implication is that gold will continue to play a crucial role in central banks' portfolios as they seek to enhance financial stability and security.
4 sourcesJun 19
- Crypto· World
Bitcoin price drops to $62,000 amid Federal Reserve concerns and Strategy Inc. funding issues
Bitcoin's price has fallen to approximately $62,000 due to a hawkish outlook from the Federal Reserve and financial troubles at Strategy Inc. This decline is occurring as investors react to the tightening monetary policy and the impact on cryptocurrency demand. The long-term implication suggests continued volatility in the cryptocurrency market as stakeholders await further clarity on monetary policy and corporate financial health.
5 sourcesJun 19
- Economy· World
China's consumer spending declines for the first time since the pandemic
China has reported a 0.6% year-over-year decline in retail sales, marking the first contraction in consumer spending since the COVID-19 pandemic began. This downturn is attributed to a growing reliance on exports as domestic demand weakens, raising concerns about the sustainability of economic recovery. In the long term, this trend may prompt policymakers to implement strategies aimed at stimulating domestic demand to ensure stable growth.
4 sourcesJun 19
- Economy· World
European Parliament Approves US Trade Deal to Avoid Tariff Increases
The European Parliament has voted to implement a long-delayed trade agreement with the United States, averting potential tariff increases on cars. This decision comes just before a critical deadline set by former President Trump, which could have led to heightened tariffs if not sanctioned. The approval is expected to enhance economic relations between the EU and the U.S., focusing on the deal's implementation and future trade negotiations.
3 sourcesJun 19
- Business· World
BHV terminates partnership with Shein amid management changes
BHV has ended its partnership with the Chinese retailer Shein following a change in management. The decision was made after new management recognized the collaboration as a strategic error amidst ongoing consumer backlash against fast fashion. This shift may indicate a broader trend among retailers to prioritize ethical considerations in their partnerships moving forward.
3 sourcesJun 19
- Economy· World
UK unemployment rate drops to 4.9% with rising wages prompting interest rate speculation
The UK's unemployment rate has decreased to 4.9%, marking a significant improvement in the labor market. This shift is occurring as wage growth has exceeded expectations, putting pressure on the Bank of England to consider interest rate hikes. In the long term, these economic indicators may lead to a reevaluation of monetary policy that could impact market stability and growth prospects.
3 sourcesJun 19
- Economy· World
US-Iran interim deal expected to reopen Strait of Hormuz and impact global oil supply
The Strait of Hormuz is set to reopen following a US-Iran interim deal, impacting global oil supply and prices. This development is occurring now as both nations seek to stabilize relations and address economic pressures. Long-term implications include a gradual decrease in oil prices, although consumers may not see immediate relief as stockpiles take time to replenish until late 2026.
5 sourcesJun 19
- Business· World
SpaceX Surpasses Amazon to Become Fifth Most Valuable Company
SpaceX's market capitalization has exceeded Amazon's, reaching nearly $2.8 trillion. This significant shift follows a robust post-IPO rally, with SpaceX shares rising over 19% in value. The long-term implication suggests that SpaceX's growth may reshape competitive dynamics within the tech and aerospace industries.
3 sourcesJun 19
- Business· World
Apple Announces Price Increases for iPhone, Mac, and iPad Amid AI-Driven Chip Shortage
Apple has declared a price hike for its iPhone, Mac, and iPad products due to a significant surge in memory chip costs linked to the growing demand for AI technologies. The immediate trigger for this decision is the unsustainable rise in component expenses, which CEO Tim Cook stated has made price adjustments unavoidable. In the long term, this move may lead to a shift in consumer purchasing behavior and impact sales of high-end electronics as the tech industry grapples with ongoing supply chain challenges.
11 sourcesJun 18High
- Crypto· World
CME Group sues CFTC over Kalshi's bitcoin perpetual futures approval
CME Group has initiated a lawsuit against the Commodity Futures Trading Commission regarding its approval of Kalshi's bitcoin perpetual futures, claiming these contracts should be classified as swaps. This legal action is prompted by Kalshi's trading volume exceeding $3 billion, indicating a surge in interest for such financial products. The outcome of this lawsuit could significantly reshape the regulatory framework for cryptocurrency derivatives in the U.S.
6 sourcesJun 18Low