News
Taliban bans foreign currencies from being used in Afghanistan
The Taliban has revealed it is banning the use of foreign currencies in Afghanistan
The move to ban the use of foreign currencies such as the US dollar could further disrupt the Afghan economy which is already on the brink of collapse.
Afghanistan’s economy is struggling due to the withdrawal of international financial support after the Taliban took control.
“The economic situation and national interests in the country require that all Afghans use Afghani currency in their every trade,”
the Taliban said.
The US dollar has been used widely in Afghanistan’s markets
Currencies are also often used for trade in areas bordering Afghanistan’s neighbours such as Pakistan.
“The Islamic Emirate instructs all citizens, shopkeepers, traders, businessmen and the general public to henceforth conduct all transactions in Afghanis and strictly refrain from using foreign currency,” Taliban spokesman Zabihullah Mujahid said in a statement posted on Twitter.
“Anyone violating this order will face legal action,” the statement said
Following the takeover of Afghanistan by Taliban in August, billions of dollars of the country’s overseas assets were frozen by the US Federal Reserve and central banks in Europe.
“We believe that it’s essential that we maintain our sanctions against the Taliban but at the same time find ways for legitimate humanitarian assistance to get to the Afghan people. That’s exactly what we’re doing,”
Deputy United States Treasury Secretary Wally Adeyemo told the US Senate Banking Committee last month.
The militant group, which is now governing Afghanistan has called for the release of country’s assets that are being held overseas as the nation faces a severe cash crunch.
Afghanistan has also been hit by the exodus of foreign aid. Grants from overseas previously financed three quarters of its public spending.
News
Big tech’s influence on copyright threatens Australian creators
Michael Miller warns AI’s data exploitation may harm journalists’ rights, reminiscent of past tech threats to Australian media. #bigtech #ai
Michael Miller warns AI’s data exploitation may harm journalists’ rights, reminiscent of past tech threats to Australian media. #bigtech #ai
News Corp Australasia’s executive chairman, Michael Miller warns that the ambition of AI companies to exploit data without fair compensation may undermine the rights of journalists and artists.
The approach of major tech companies during the digital revolution could resurface, threatening Australian media and content creators if copyright laws are eased.
News
Man arrested after 100 shots fired in Sydney
Lockdown lifted after 60-year-old man arrested for firing up to 100 shots in Sydney’s Inner West, injuring 16 people
Lockdown lifted after 60-year-old man arrested for firing up to 100 shots in Sydney’s Inner West, injuring 16 people.
– A 60-year-old man was arrested after a shooting incident in Croydon Park, Sydney.
– Approximately 100 shots were fired, injuring one seriously and 16 others requiring treatment.
Officers found multiple firearms at the scene and confirmed that the man used a high-calibre rifle. Acting Assistant Commissioner Trent King described the situation as horrific and unprecedented in Sydney.
Police are currently investigating the motive behind the shooting and how the suspect obtained the firearms and ammunition. Following the incident, one man was taken to Royal Prince Alfred Hospital in serious condition, while others were treated for minor injuries.
Ongoing Investigations
The crime scene has been established as investigations continue. Roads in the vicinity remain closed, and motorists are advised to find alternative routes. Police have confirmed that no officers were injured during the operation.
News
Trump sends Kushner and Witkoff to Egypt for hostage deal as Gaza crisis deepens
Trump sends Kushner and Witkoff to Egypt for urgent hostage negotiations amid escalating Gaza violence and fragile peace talks.
Trump sends Kushner and Witkoff to Egypt for urgent hostage negotiations amid escalating Gaza violence and fragile peace talks.
President Trump has dispatched Jared Kushner and real estate magnate Steve Witkoff to Egypt in an urgent diplomatic effort to finalise a hostage release agreement. The move marks one of the most significant interventions since Trump’s re-emergence on the global stage, as violence continues to escalate in Gaza.
Both Hamas and Israel have cautiously endorsed the framework of Trump’s peace proposal, though sticking points remain over the terms of prisoner exchanges and territorial concessions. Israeli Prime Minister Benjamin Netanyahu has made clear that Israel will not agree to any conditions that undermine its national security or sovereignty.
On the ground, the humanitarian toll continues to rise, with mounting casualties in Gaza and widespread destruction. Civilians trapped in the conflict zones are pleading for relief and an end to the fighting as world powers scramble to broker a breakthrough.
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