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ISLAMABAD: Two Pakistanis, Salman Habib and Hassan Chaudhry, have been named to the Forbes &lsquo;30 Under 30 United States 2026&rsquo; list, which spotlights America&rsquo;s brightest young entrepreneurs and investors.&nbsp; &ldquo;Each year, more than 10,000 people apply, and the bar to make the list continues to rise,&rdquo; Forbes noted in its profile of the honorees. Salman Habib, co-founder and CEO of Burq, was recognized in the Transportation &amp; Aerospace category. Founded in 2021 by Salman and his older brother Shaban, the company allows businesses to provide delivery services without investing in their own infrastructure. Forbes reported that Burq has consolidated a nationwide delivery network of over 500 providers, including Uber and DoorDash, covering more than 4,000 US cities, and serves major clients such as Albertsons, Safeway, and Kroger. The company has raised over $10 million from investors. &ldquo;It felt pretty surreal to be on the Forbes list,&rdquo; Habib said. &ldquo;Really excited for what&rsquo;s ahead and grateful for everyone who&rsquo;s been part of the journey so far,&rdquo; he wrote on social media platform X. Meanwhile, Hassan Chaudhry, a vice president at BlackRock Private Equity Partners, earned recognition in the Venture Capital category. Hassan leads growth equity investments focused on Series C through pre-IPO stages and has invested over $800 million in the last two years. His career includes three exits and board observer roles in companies such as Groq (Series D lead) and Applied Intuition (Series F co-lead alongside Kleiner Perkins). He also served on the LPAC of Glasswing Ventures II, a Boston-based, woman-led AI seed-stage fund. Forbes emphasized that the 2026 list reflects a new generation of leaders navigating the AI revolution. &ldquo;The new class is using machine learning to do everything from building robotic astronauts to creating powerful tools that let anyone become a genius coder or master artist,&rdquo; the report said.

Viral

The recognition of Habib and Chaudhry highlights the growing global impact of Pakistani entrepreneurs and investors in technology, venture capital, and innovation. Their achievements underscore how young leaders are shaping industries across borders, from Silicon Valley to the US heartland.

Who are two Pakistanis named Forbes 30 Under 30?

COPENHAGEN: Denmark&#39;s prime minister on Sunday said her country faces a &quot;decisive moment&quot; in its diplomatic battle with the United States over Greenland, after President Donald Trump again suggested using force to seize the Arctic territory. Ahead of meetings in Washington from Monday on, the global scramble for key raw materials, Prime Minister Mette Frederiksen said that &quot;there is a conflict over Greenland.&quot; &quot;This is a decisive moment&quot; with stakes that go beyond the immediate issue of Greenland&#39;s future, she added in a debate with other Danish political leaders. Frederiksen posted on Facebook that &quot;we are ready to defend our values &mdash; wherever it is necessary &nbsp;&mdash; also in the Arctic. We believe in international law and in people&#39;s right to self-determination.&quot; Germany and Sweden backed Denmark against Trump&#39;s latest claims to the self-governing Danish territory. Swedish Prime Minister Ulf Kristersson condemned US &quot;threatening rhetoric&quot; after Trump repeated that Washington was &quot;going to do something on Greenland, whether they like it or not.&quot; &quot;Sweden, the Nordic countries, the Baltic states, and several major European countries stand together with our Danish friends,&quot; he told a defense conference in Salen, where the US general in charge of NATO took part. Kristersson said a US takeover of mineral-rich Greenland would be &quot;a violation of international law and risks encouraging other countries to act in exactly the same way.&quot; No &#39;immediate threat&#39; Germany reiterated its support for Denmark and Greenland ahead of the Washington discussions. Before meeting US counterpart Marco Rubio on Monday, German Foreign Minister Johann Wadehpul held talks in Iceland to address the &quot;strategic challenges of the Far North&quot;, according to a foreign ministry statement. &quot;Security in the Arctic is becoming more and more important,&quot; and &quot;is part of our common interest in NATO,&quot; he said at a joint news conference with Icelandic Foreign Minister Thorgerdur Katrin Gunnarsdottir. &quot;If the American president is looking at what threats might come from Russian or Chinese ships or submarines in the region, we can of course find answers to that together,&quot; he added. But &quot;the future of Greenland must be decided by the people of Greenland&quot; and Denmark, he said. Asked about a possible strengthening of NATO&#39;s commitment in the Arctic, Wadephul said Germany was &quot;ready to assume greater responsibilities.&quot; Earlier Sunday, German Finance Minister Lars Klingbeil said: &quot;We are strengthening security in the Arctic together, as NATO allies, and not against one another.&quot; He was speaking ahead of an international meeting on critical raw materials in Washington. European nations have scrambled to coordinate a response after the White House said this week that Trump wanted to buy Greenland and refused to rule out military action. On Tuesday, leaders of seven European countries, including France, Britain, Germany, and Italy, signed a letter saying it is &quot;only&quot; for Denmark and Greenland to decide the territory&#39;s future. Trump says controlling the island is crucial for US national security because of the rising Russian and Chinese military activity in the Arctic. NATO Supreme Allied Commander General Alexus Grynkewich told the Swedish conference that alliance members were discussing Greenland&#39;s status. While there was &quot;no immediate threat&quot; to NATO territory, the Arctic&#39;s strategic importance was fast growing, the US general added. Grynkewich said he would not comment on &quot;the political dimensions of recent rhetoric,&quot; but talks on Greenland were being held at the North Atlantic Council. &quot;Those dialogues continue in Brussels. They have been healthy dialogues from what I&#39;ve heard,&quot; the general said. A Danish colony until 1953, Greenland gained home rule 26 years later and is contemplating eventually loosening its ties with Denmark. Polls indicate that Greenland&#39;s population strongly opposes a US takeover. &quot;I don&#39;t think there&#39;s an immediate threat to NATO territory right now,&quot; Grynkewich told the conference. But he said Russian and Chinese vessels had been seen patrolling together on Russia&#39;s northern coast and near Alaska and Canada, working together to get greater access to the Arctic as ice recedes due to global warming.

Europe

PM Frederiksen says “we are ready to defend our values — wherever it is necessary  — also in the Arctic. We believe in international law and in peoples' right to self-determination"; Swedish PM condemns US "threatening rhetoric" after Trump repeats that Washington was "going to do something on Greenland, whether they like it or not."

Danish PM says Greenland showdown at 'decisive moment' after new Trump threats

LONDON: Demonstrators rallied in London, Paris and Istanbul on Sunday in support of protests in Iran that have been countered with a deadly crackdown by the country&#39;s security forces. London demonstrations, initially in front of the Iranian embassy and later in front of the British prime minister&#39;s residence, grew to several thousand as the day progressed. &quot;We want revolution, change the regime,&quot; Afsi, a 38-year-old Iranian, who declined to give her last name, told AFP at the rally in front of Downing Street. Afsi has lived in London for seven years, and has not been able to contact her family in Iran because of an internet blackout imposed by authorities since Thursday. &ldquo;It&#39;s so frustrating, but it&#39;s not the first time,&quot; he said. &quot;This time, we have hope ... we feel like we can do it (overthrow the government) this time.&quot; In Paris, more than 2,000 people waving Iran&#39;s flag from before the Islamic Revolution in 1979 demonstrated, to chants of &quot;No to the terrorist Islamic Republic.&quot; Police did not allow them to approach the Iranian embassy. &quot;Close the mullahs&#39; embassy, the terrorist factory,&quot; some demonstrators yelled. A 20-year-old Iranian student living in Paris, who gave his first name as Arya, said: &quot;In Iran, the people are rising up in the streets, and we Iranians outside Iran are here to show we are with them, and they are not alone.&quot; He said he was waiting to hear what the son of Iran&#39;s last shah, US-based Reza Pahlavi, &quot;will tell us to do.&quot; Pahlavi has emerged as a potential figurehead for government opponents. The protests, initially sparked by anger over the rising cost of living, have lasted two weeks and become a movement against the theocratic system in place since the 1979 revolution. Iranian authorities have called the protesters &quot;rioters&quot; who are backed by the United States and Israel. In Istanbul, demonstrators voicing support for the Iranian protesters gathered in steady rain. Police cordoned off the area outside the Iranian consulate and the crowd was kept away from the mission. &quot;It&#39;s been 72 hours since we had any news from the country, from our families. No internet or television, we can&#39;t reach Iran anymore,&quot; said Nina, a young Iranian living in Turkey who had the Iranian flag and red tears painted on her face. &quot;The regime kills at random &mdash; whether families are on foot or in a car, whether there are children. It spares no one,&quot; she added. The crackdown by Iran&#39;s authorities has resulted in at least 192 deaths, according to the Norway-based NGO Iran Human Rights. The US-based Center for Human Rights in Iran (CHRI) said it had received &quot;credible&quot; accounts of &quot;hundreds of protesters&quot; killed across Iran since the internet clampdown started. The leaders of Britain, France, and Germany on Friday condemned the &quot;killing of protestors&quot; in Iran, while US President Donald Trump said Saturday his country stood &quot;ready to help&quot; as Iranians protest. One of the demonstrators in London, Fahimeh Moradi, 52, said she was taking part &quot;to support the Iranian people who are killed and murdered by the Iran regime &mdash; we don&#39;t want the Islamic Republic of Iran, we hate them!&quot; She added, &quot;My son is there, and I don&#39;t know if he&#39;s alive or not. We just want this murderous regime to leave Iran, that&#39;s it!&quot;

Middle East

The protests, initially sparked by anger over the rising cost of living, have lasted two weeks and become a movement against the theocratic system in place since the 1979 revolution; Iranian authorities have called the protesters "rioters" who are backed by the United States and Israel.

Demonstrators in London, Paris, Istanbul back Iran protests 

STOCKHOLM: Sweden will invest 15 billion kronor ($1.6 billion) on bolstering its air defenses, notably potential civilian targets, the government said Sunday, the latest European country to beef up military spending since Russia&#39;s invasion of Ukraine.&nbsp;The money will go to ground-based aerial defense systems, the government said, as Russia&#39;s full-scale invasion of Ukraine and the United States&#39; increasingly strained ties with NATO allies under US President Donald Trump prompt a European rush to rearm.&nbsp;&quot;Experience from Ukraine demonstrates the importance of a robust air defence,&quot; the Swedish government said.&nbsp;The announcement follows similar moves by countries, including Germany, where parliament approved $59 billion in new defence spending in December.&nbsp;The initial purchases under Sweden&#39;s new plan will be made in the first quarter of 2026, the government said.&nbsp;&quot;With this broad investment in air defence, we are protecting the whole of society, from our military units to urban areas and critical infrastructure,&quot; Prime Minister Ulf Kristersson said in a statement.&nbsp;&quot;It is a matter of people&#39;s lives, our freedom, and our ability to withstand attacks in all parts of the country.&quot;&nbsp;Sweden had announced in November it was spending around $366 million on IRIS-T surface-to-air short-range missiles to protect itself against missiles, drones, and combat aircraft.

Sweden will spend 15 billion kronor to strengthen its air defences, focusing on protecting civilians, cities, and critical infrastructure, with ground-based systems to be bought starting in early 2026.

Sweden to spend $1.6B to bolster air defenses

ISLAMABAD: Pakistan Foreign Minister Ishaq Dar held a series of bilateral meetings with counterparts from Bangladesh, Saudi Arabia and other member states on the sidelines of the 22nd Extraordinary Session of the Organization of Islamic Cooperation (OIC) in Jeddah, reaffirming Islamabad&rsquo;s commitment to regional cooperation and strengthened bilateral relations, the Foreign Office (FO) said on Sunday.&nbsp;The 22nd extraordinary session of the OIC Council of Foreign Ministers was convened in Jeddah to address developments concerning Israel&rsquo;s recognition of the Somaliland region and the situation in Palestine.&nbsp;The meeting adopted resolutions underscoring the importance of state sovereignty, territorial integrity, and international law.&nbsp;Dar attended the session, condemning Israel&rsquo;s recognition of Somaliland as &ldquo;illegal and unlawful,&rdquo; reaffirming Pakistan&rsquo;s support for Somalia&rsquo;s sovereignty and for an independent Palestinian state based on pre-1967 borders, while also engaging counterparts from several OIC member states on the sidelines.&nbsp;According to an FO statement, Dar met Bangladesh&rsquo;s Adviser on Foreign Affairs Touhid Hossain, with both sides expressing satisfaction over the &ldquo;robustness of Pakistan&ndash;Bangladesh relations.&rdquo;&nbsp;The leaders discussed cooperation across a range of areas, including high-level exchanges, trade, and educational collaboration, and also exchanged views on regional and global developments.&nbsp;On the sidelines of the Jeddah moot, Dar separately met Saudi Arabia&rsquo;s Deputy Foreign Minister Waleed bin Abdulkarim Al-Khereiji.&nbsp;The discussions focused on further strengthening the Pakistan&ndash;Saudi strategic partnership and reaffirmed close coordination within the OIC framework, with both sides emphasizing the importance of continued cooperation to promote &ldquo;peace, stability, and security in the region.&rdquo;&nbsp;With Azerbaijan, FM Dar met Deputy FM Yalchin Rafiyev, where both sides appreciated the frequent high-level exchanges, underscoring the commitment of the leadership of both countries to strengthening bilateral ties.&nbsp;&ldquo;Deputy Prime Minister / Foreign Minister, Senator Mohammad Ishaq Dar, met with Dr. Abdulla Khaleel, Foreign Minister of the Republic of Maldives, on the sidelines of the 22nd OIC Extraordinary CFM in Jeddah,&rdquo; the FO said.&nbsp;Pakistan and the Maldives underscored their shared commitment to further strengthen bilateral ties, expressing satisfaction with the friendly and cooperative relations between the two countries.&nbsp;In another engagement, Dar met his Egyptian counterpart, Badr Abdelatty.&nbsp;&ldquo;On the sidelines of the 22nd Extraordinary OIC CFM in Jeddah, DPM/FM Senator Mohammad Ishaq Dar met Egyptian Foreign Minister Badr Abdelatty,&rdquo; the FO statement said.&nbsp;During the meeting, Pakistan and Egypt reaffirmed their commitment to expanding cooperation across multiple domains and exchanged views on the situation in Gaza and broader regional developments, underscoring support for international law and the just cause of the Palestinian people, the FO added.

Foreign Affairs

On the sidelines of the 22nd OIC Extraordinary Session in Jeddah, Dar holds bilateral talks with Bangladesh, Saudi Arabia, Azerbaijan, Maldives, and Egypt, promoting regional cooperation.

Dar pushes ‘regional cooperation’ in talks with Bangladesh, Saudi Arabia and others

KUALA LUMPUR: Malaysia suspended access to Elon Musk&#39;s chatbot Grok over AI-generated pornographic content, the country&#39;s tech regulator said on Sunday.&nbsp;The decision follows global backlash after it emerged that Grok&#39;s image creation feature allowed users to sexualize pictures of women and children using simple text prompts.&nbsp;On Saturday, Indonesia became the first country to deny all access to the tool, which has been restricted to paying subscribers elsewhere.&nbsp;The Malaysian Communications and Multimedia Commission said in a statement it had &quot;directed a temporary restriction on access to the Grok artificial intelligence for users in Malaysia&quot; with immediate effect.&nbsp;When an AFP reporter in the Malaysian capital Kuala Lumpur fed Grok prompts on Sunday, there was no response.&nbsp;&quot;This action follows repeated misuse of Grok to generate obscene, sexually explicit, indecent, grossly offensive and non-consensual manipulated images,&quot; the regulator said.&nbsp;The statement cited &quot;content involving women and minors, despite prior regulatory engagement and formal notices&quot; issued to Musk&#39;s X Corp. and xAI startup which developed Grok.&nbsp;The AI tool is integrated into social media platform X.&nbsp;The Malaysian regulator said it deemed the platform&#39;s safeguards inadequate, adding that access would resume only after the required changes are verified.&nbsp;X Corp. had &quot;failed to address the inherent risks posed by the design and operation of the AI tool&quot;, relying &quot;primarily on user-initiated reporting mechanisms&quot;, the regulator said.&nbsp;European officials and tech campaigners on Friday slammed Grok after its controversial image creation feature was restricted to paying subscribers, saying the change failed to address concerns about sexualized deep fakes.&nbsp;Grok had appeared to deflect the criticism with a new monetization policy, posting on X on Thursday that image generation and editing were now &quot;limited to paying subscribers&quot;, alongside a link to a premium subscription.

Artificial Intelligence

Malaysia suspended access to Elon Musk’s AI chatbot Grok after it was misused to generate pornographic and sexualized images, including of women and minors, citing inadequate safeguards. The ban follows similar global backlash and Indonesia’s earlier move.

Malaysia suspends access to Musk's Grok AI: regulator

WASHINGTON: US President Donald Trump urged Cuba on Sunday to &quot;make a deal&quot; or face unspecified consequences, warning that the flow of Venezuelan oil and money to Havana would now stop.&nbsp;&quot;There will be no more oil or money going to cuba - zero!&quot; Trump said on his Truth Social channel. &quot;I strongly suggest they make a deal, before it is too late.&quot;&nbsp;His remarks come a week after US forces seized Venezuela&#39;s authoritarian leader Nicolas Maduro in a nighttime operation in Caracas that killed dozens of Venezuelan and Cuban security forces.&nbsp;Earlier on Sunday, Trump reposted a message suggesting that US Secretary of State Marco Rubio could become the president of now communist-ruled Cuba.&nbsp;Trump shared that post with the comment: &quot;Sounds good to me!&quot;&nbsp;In his own post soon afterwards, Trump said that &quot;Cuba lived, for many years, on large amounts of oil and money from Venezuela. In return, Cuba provided &#39;Security Services&#39; for the last two Venezuelan dictators, but not anymore!&quot;&nbsp;&quot;Most of those Cubans are DEAD from last week&#39;s U.S.A. attack, and Venezuela doesn&#39;t need protection anymore from the thugs and extortionists who held them hostage for so many years.&quot;&nbsp;Under a US trade embargo, Havana since 2000 has increasingly relied on Venezuelan oil provided as part of a deal struck with Maduro&#39;s predecessor Hugo Chavez.

Americas

US President Donald Trump warned Cuba to “make a deal” or face consequences, saying Venezuelan oil and money to Havana would stop following US actions against Venezuela’s leadership.

Trump tells Cuba to 'make a deal, before it is too late'

JERUSALEM: Israeli police said Sunday they detained a senior aide to Prime Minister Benjamin Netanyahu suspected of obstructing an investigation, with local media reporting that it was tied to leaks of military information during the Gaza war.&nbsp;Police did not name the individual, but Israeli media reported it was Tzachi Braverman, Netanyahu&#39;s current chief of staff, who is designated to be Israel&#39;s next ambassador to the UK.&nbsp;&quot;This morning, a senior official in the prime minister&#39;s office was detained for questioning... on suspicion of obstructing an investigation,&quot; the police said.&nbsp;&quot;The suspect... is currently being questioned under caution.&quot;&nbsp;Former Netanyahu aide Eli Feldstein recently alleged that Braverman tried to obstruct an investigation into a leak of sensitive military information to the foreign press during the war against Hamas in Gaza.&nbsp;In September 2024, Feldstein leaked a classified document from the Israeli military to the German tabloid Bild, for which he was later arrested and indicted.&nbsp;The document aimed to prove that Hamas was not interested in a ceasefire deal, and to support Netanyahu&#39;s claim that the hostages captured by Palestinian militants in their October 7, 2023 assault on Israel could only be released through military pressure instead of negotiations.&nbsp;In an interview with Israel&#39;s public broadcaster KAN, Feldstein said Braverman asked to meet with him soon after the leak.&nbsp;Braverman informed him that the army had launched a probe into the affair, and said he could &quot;shut down&quot; the investigation, according to Feldstein.&nbsp;In the same interview, Feldstein said Netanyahu was aware of the leak and was in favour of using the document to drum up public support for the war.&nbsp;Israeli media reported that police also searched Braverman&#39;s home on Sunday, and that Feldstein was expected to speak with police later in the day regarding Braverman&#39;s suspected involvement in the affair.&nbsp;Feldstein is also a suspect in the so-called &quot;Qatargate&quot; scandal, in which he and other close associates of Netanyahu are suspected of having been recruited by Qatar to promote the Gulf monarchy&#39;s image in Israel.&nbsp;Qatar hosts senior Hamas leaders and has played a mediating role between Israel and the Palestinian Islamist movement during the war in Gaza.&nbsp;An investigation is under way, and Feldstein, together with another Netanyahu aide, was taken into custody in late March.&nbsp;In response to Braverman&#39;s questioning by the police on Sunday, opposition leader Yair Lapid called to suspend his appointment as ambassador to the UK.&nbsp;&quot;In light of the new developments in the Qatargate affair, the appointment of Tzachi Braverman as ambassador to Britain must be immediately suspended,&quot; Lapid wrote on X.&nbsp;&quot;It is unacceptable that someone suspected of involvement in obstructing a serious security investigation should be the face of Israel in one of the most important countries in Europe.&quot;&nbsp;Braverman is not suspected of direct involvement in the Qatargate affair, according to Israeli media.

Israeli police detained Netanyahu aide Tzachi Braverman over alleged obstruction linked to Gaza war leaks. Opposition demands suspending his UK ambassador appointment as investigations continue.

Israeli police detain aide to Netanyahu

ISLAMABAD: The Taliban authorities arrested a woman journalist in northern Kunduz province on Tuesday and transferred her to an unknown location, the Afghan Media Support Organization said in a statement. According to a statement posted on the organization&rsquo;s Facebook page, Nazera Rashidi has been detained for four days without disclosed charges. <div class="fr-embed" style="line-height: 2;"><iframe src="https://www.facebook.com/plugins/post.php?href=https%3A%2F%2Fwww.facebook.com%2FAfghanistanMSO%2Fposts%2Fpfbid04oKVLy9c2LmT5oG1TTyWJ5CziDA9qDqmDeVCfY3BBshUtEiCyPMFjF56vxB1HCcnl&show_text=true&width=500" width="500" height="687" style="border:none;overflow:hidden;" scrolling="no" frameborder="0" allowfullscreen="true" allow="autoplay; clipboard-write; encrypted-media; picture-in-picture; web-share">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</iframe></div> She is the sole guardian for her younger siblings in a household without an adult male, the organization said. The family told the Afghan Media Support Organization that Rashidi &quot;has not engaged in any illegal activities,&quot; according to the statement. The organization called for her immediate release and urged Taliban authorities to &quot;clearly state the legal reasons for her detention.&quot; The arrest adds to documented cases of journalist detentions since the Taliban returned to power in August 2021. Press freedom decline Afghanistan ranked 175th out of 180 countries in the 2025 World Press Freedom Index compiled by Reporters Without Borders, scoring 17.88 out of 100. Within months of the Taliban takeover, 43% of media outlets disappeared, according to Reporters Without Borders. By late 2024, more than two-thirds of Afghanistan&#39;s 12,000 journalists had left the profession, the United Nations documented. Between August 2021 and September 2024, the UN Assistance Mission in Afghanistan and the Office of the High Commissioner for Human Rights recorded 336 cases of human rights violations against media professionals, including 256 arbitrary arrests and 130 instances of torture or ill-treatment. Impact on women journalists More than 80% of women journalists have stopped working since 2021, according to a survey by Reporters Without Borders in collaboration with the Afghan Independent Journalists Association. In some provinces, women&#39;s voices are banned from broadcasts, according to Human Rights Watch. Those still working face workplace segregation requirements and must cover their faces on camera. Afghan officials refuse interviews with women journalists or exclude them from press events, Human Rights Watch reported. Recent restrictions The Taliban banned broadcasting images of living beings in several provinces, including Takhar, in 2024 and 2025, and restricted social media access on smartphones. As of late 2025, the Taliban began broadcasting forced &quot;confessions&quot; of journalists online after arrests for alleged &quot;anti-Taliban propaganda,&quot; Reporters Without Borders reported. The General Directorate of Intelligence conducts most arbitrary detentions, while the Ministry for the Propagation of Virtue and Prevention of Vice provides oversight, according to the UN Assistance Mission in Afghanistan. The Committee to Protect Journalists and the #KeepItOn coalition condemned nationwide internet shutdowns in late 2025 that Taliban authorities ordered to curb &quot;immorality.&quot; The Afghan Media Support Organization called on international institutions and human rights organizations to &quot;take practical measures to prevent the continued arrests and harassment of female journalists.&quot;

Afghanistan

The Afghan Media Support Organization called on international institutions and human rights organizations to "take practical measures to prevent the continued arrests and harassment of female journalists."

Taliban detain woman journalist in northern Afghanistan

Faraz Saeed

LAHORE: The year 2026 has barely begun, yet the early signals for India&rsquo;s economy are already deeply unsettling.&nbsp; In the first week of January alone, India&rsquo;s foreign exchange reserves suffered their sharpest weekly fall in 14 months, dropping by nearly 10 billion dollars to around $552 billion.&nbsp; The decline was not the result of a sudden external shock but of a conscious policy response: the Reserve Bank of India stepped in to sell dollars to defend a weakening rupee.&nbsp; That intervention itself is telling.&nbsp; It signals that currency pressures have intensified to the point that market forces alone are no longer trusted to maintain stability. The rupee&rsquo;s weakness is not new, but its persistence is increasingly problematic.&nbsp; Over the course of 2025, the currency depreciated by nearly 6%, making it Asia&rsquo;s worst-performing unit, according to Bloomberg and Reuters.&nbsp; The slide has continued into the opening days of 2026, with further losses driven by foreign capital outflows and uncertainty surrounding India&rsquo;s external economic relationships. Eroding external confidenceForecasts from major financial institutions suggest the Indian rupee could approach 92 to the dollar by March from the current value of 90.25, a level that would deepen imported inflation, strain corporate balance sheets, and tighten domestic financial conditions.&nbsp; In effect, currency weakness is becoming a mirror of eroding external confidence. Equity markets are reflecting the same anxiety.&nbsp; The new year opened with a sharp selloff that pushed both the Sensex and the Nifty lower, erasing between $140 billion and $166 billion in investor wealth in a matter of days.&nbsp; The immediate trigger was political, renewed warnings from Washington of higher tariffs on Indian goods, but the reaction revealed something more fundamental.&nbsp; Investors are increasingly uneasy about India&rsquo;s exposure to a world in which trade is becoming more politicized, alliances more conditional, and economic relationships more vulnerable to geopolitical shifts. Foreign investors, in particular, are voting with their feet.&nbsp; Largest annual outflow&nbsp;In 2025, foreign portfolio investors sold roughly $18 billion worth of Indian equities, the largest annual outflow on record.&nbsp; The trend has not reversed with the calendar.&nbsp; In the first nine days of 2026 alone, another $1.3 billion has already been pulled out of Indian markets.&nbsp; Capital that once flowed steadily into India&rsquo;s growth story is now retreating, not because growth has vanished, but because the risks surrounding that growth have become harder to price and harder to ignore. Trade tensions with the United States have emerged as one of the most destabilizing forces. Washington has already imposed tariffs of up to 50% on Indian goods, partly linked to India&rsquo;s continued purchases of Russian oil.&nbsp; The situation has escalated further with political support in the US for even harsher measures, including proposals for tariffs of up to 500% on imports from countries doing business with Russia.&nbsp; As the world&rsquo;s second-largest buyer of Russian crude after China, India finds itself uncomfortably exposed.&nbsp; Even if such extreme tariffs are never fully implemented, their mere possibility is enough to chill investment, disrupt planning, and inject uncertainty into trade and financial markets. What makes this moment particularly troubling is not any single indicator, but the convergence of pressures.&nbsp; Weakening currency&nbsp;A weakening currency is forcing the central bank to intervene. Falling reserves are signaling external vulnerability.&nbsp; Trade tensions are undermining investor confidence. Capital is flowing out, not in.&nbsp; Together, these forces form a feedback loop in which uncertainty feeds financial stress, and financial stress reinforces uncertainty. India is not facing a crisis in the classic sense.&nbsp; Growth has not collapsed, and the economy retains significant underlying strengths. But the narrative has shifted.&nbsp; For years, India was presented as the world&rsquo;s next great growth engine, stable, predictable, and increasingly central to global supply chains.&nbsp; In 2025, that narrative was replaced by a quieter, more cautious one: the economy is under strain. In 2026, it is only getting worse.

India

In 2025, foreign portfolio investors sold roughly $18 billion worth of Indian equities, the largest annual outflow on record; the trend has not reversed with the calendar. 

2026 starts rough for India: FX reserves drop, stocks lose over $140B

PARIS: Iran would strike US military and shipping targets in the event of a new attack by the United States during an ongoing wave of protests, the parliament speaker said on Sunday. &quot;In the event of a military attack by the United States, both the occupied territory and centers of the US military and shipping will be our legitimate targets,&quot; Mohammad Bagher Ghalibaf told parliament in comments broadcast by state TV, apparently also referring to Israel, which the Islamic Republic does not recognize and considers occupied Palestinian territory. &#39;Significant&#39; arrestsMeanwhile, Iran has made significant arrests of key figures in the protest movement that has swept the Islamic Republic over the last two weeks, the national police chief said Sunday. &quot;Last night (Saturday evening), significant arrests were made of the main elements in the riots, who, God willing, will be punished after going through legal procedures,&quot; Ahmad-Reza Radan told state TV, without giving details on the number or identities of those arrested. Iran&#39;s president to address nationMeanwhile, IRIB, Iran&#39;s state TV, said&nbsp;President Masoud Pezeshkian will address economic plans and &quot;people&#39;s demands&quot; in an interview on Sunday. It comes after two weeks of protests sparked by anger over the rising cost of living. &quot;In a conversation with the national media, the president laid out the status of the government&#39;s major economic plan to reform the subsidy system, and also discussed recent events and the government&#39;s approach to responding to the people&#39;s demands,&quot; IRIB state TV said, noting the interview would be broadcast later Sunday.

Iran has made significant arrests of key figures in the protest movement that has swept the Islamic Republic over the last two weeks, the national police chief said Sunday.