Global Market: AI could force central banks to rethink monetary policy

Artificial intelligence could fundamentally reshape financial markets and force central banks to rethink monetary policy communication and regulation, according to Princeton economist Markus Brunnermeier. He warned that AI-powered trading systems could anticipate policy decisions faster than humans, creating “asymmetric understanding” and potentially increasing market volatility and manipulation risks.

Indian consulate in UAE issues warning over biometric fraud targeting nationals

Indian nationals in the UAE are warned against unauthorised agents collecting biometric data. Fraudsters exploit fingerprints and facial scans for financial transactions and loans. Misuse of data can lead to financial liabilities, fines, and travel bans. Biometric information should only be submitted at official UAE government facilities. The consulate urges caution and reporting of suspicious…