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The Latest Breaking News from BIS

China suffers another setback in effort to de-dollarize global finance as anchor in the greenback's dominance quietly exits Beijing's payment scheme

Saudi Arabia's central bank dropped out of China's mBridge digital payment platform last year.

Fortune

Gold hallmarking fee hiked by 67%: New BIS charges for gold and silver articles explained

As part of the recent regulatory changes, hallmarking fees for gold and silver jewellery have been updated. Jewellers will now incur a fee of seventy-five rupees for each gold article and thirty-five rupees for silver articles. These adjustments, mandated by the Bureau of Indian Standards, ensure that all hallmarked jewellery…

The Economic Times

Global stock rally at risk as AI investment concerns mount: BIS

The Bank for International Settlements (BIS) has warned that the AI-driven global stock market rally is showing signs of vulnerability as investors question the profitability of future AI investments. It flagged rising leverage among major US technology companies and growing debt used to fund AI spending as key risks that…

The Economic Times

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How to Buy Your First Silk Saree: Zari, Weight, Border and the Right Questions to Ask

Start With the Weave, Not the ColourThe colour catches your eye first. That is exactly what the seller is counting on. Before you react to the shade, turn the saree over. On a genuine handloom silk, Kanjivaram, Banarasi, Paithani, Pochampally, the reverse side shows the same pattern with only slightly…

Times Life

Piyush Goyal promises BIS certification relief for high-tech sector firms

Goyal said he had taken note of concerns raised by Japanese companies over BIS certification requirements and that the government had already instructed the BIS and the Commerce and Industry Ministry to work on a framework to address the issue.

The Economic Times

BIS plans bigger Tricolour flags, updated colour standards

The Bureau of Indian Standards is revising national flag specifications for larger sizes. New provisions will allow for very large flags up to 9,000 mm x 6,000 mm. Color measurement norms are also being updated to align with current practices. These revisions aim to modernize standards while preserving the flag's…

The Economic Times

BIS to scale up silver hallmarking testing as buyers shift from costly gold

The Bureau of Indian Standards is expanding silver jewellery testing capacity. This move comes as demand for silver increases due to rising gold prices. Referral and assay laboratories for silver will expand nationally within two years. The agency is also piloting artificial intelligence and robotics for faster testing. BIS continues…

The Economic Times

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FMCG, Retail, Food industry must improve consumer grievance redressal system: Consumer Affairs Secy

Consumer Affairs Secretary Nidhi Khare urged FMCG, food and retail companies to improve grievance redressal as consumer complaints have risen fivefold in five years. She said the government will expand product testing using AI and robotics, simplify BIS quality standards to help industry compliance, and strengthen testing infrastructure while easing…

The Economic Times

Global Market | AI boom could complicate central banks’ inflation assessment, monetary policy decisions: BIS

Artificial intelligence complicates economic assessments for central banks globally. The technology simultaneously boosts demand and expands future supply potential. Policymakers face an unusually complex environment as AI impacts investment and trade. Distinguishing AI-driven growth from overheating economies presents a key challenge. Monetary policy misjudgements risk increasing as economies adjust to…

The Economic Times

Spain backs Hernández de Cos in first-ever bid for the ECB presidency, reports say

The Spanish government has chosen Pablo Hernández de Cos, general manager of the Bank for International Settlements and former Bank of Spain governor, as its candidate to succeed Christine Lagarde at the ECB.

Euronews

BRICS MoU on standardisation would create framework for collaboration: Pralhad Joshi

Bengaluru hosted the fifth BRICS National Standardisation Bodies meeting today. A significant Memorandum of Understanding on cooperation in standardisation was signed. This agreement establishes a formal framework for collaboration among member nations. Discussions also covered standards for artificial intelligence and trade facilitation. BRICS countries will now jointly shape international standards…

The Economic Times

‘More real than anything you’ll see scrolling’: the radical resurgence of UK fanzines, 50 years after punk

Five decades since punk bible Sniffin’ Glue, DIY magazines are in rude, rich health. Their creators talk fandom, community-building and resisting the algorithm

The Guardian - UK

BIS Warns that The Ongoing AI Boom Echoes Painful Historical Investment Busts

A new report cautions that the extraordinary spending on AI infrastructure bears striking similarities to past technological revolutions that ultimately ended in financial corrections and recessions.

International Business Times

The central bank of central banks just released its flagship annual report — and it sees a $1 trillion AI investment boom headed for a reckoning

The Bank for International Settlements draws an explicit parallel to the dotcom crash and railway mania, but the stakes are bigger now.

Fortune

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Euronews

The AI boom propping up markets could trigger the next crash, central banks warn

The vast surge of investment in AI, which has powered global stock markets to record highs, risks ending in a financial bust, the Bank for International Settlements warns, as the build-up’s hidden costs begin to surface in company accounts and consumer prices alike.

Tom’s Hardware

Bosch to pay $36 million penalty for $72 million in ‘illicit’ sales to Huawei — German company sold export-controlled goods and software to banned Chinese firm between 2020 and 2024

The U.S. fined Bosch $36 million for selling export-controlled product to Huawei, including software and MEMS sensors. The German company agreed to pay the penalty, as well as disgorging part of the profits it made from the 'illicit' sales.

The Economic Times

BIS plans phased move towards mandatory silver hallmarking

The Bureau of Indian Standards is studying mandatory hallmarking for silver. This move aims to ensure purity for buyers. Silver hallmarking is more complex than gold due to its diverse market. BIS is proceeding cautiously to set systems right before implementation. Mandatory hallmarking will be introduced gradually. The number of…

Tom’s Hardware

US closes loophole that allowed Chinese-owned subsidiaries located outside China to buy AI chips — report claims that hundreds of thousands of advanced AI chips have been acquired through BIS blind spot

The BIS just issued a clarification that Chinese-owned subsidiaries are included in U.S. export controls, even if they're based outside of China. However, one source said that some companies have been using this loophole to acquire AI chips that estimated to be in the hundreds of thousands.

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AAP

US to halt Nvidia AI chip sales to Chinese firms

There are fears Chinese companies have taken advantage of a loophole to buy hundreds of thousands of the world's most advanced AI chips.

The Economic Times

BIS and banks build blockchain cross-border payments prototype

Global financial institutions are set to test a new digital system for cross-border payments. This project, involving major banks and central banks, aims to make international money transfers faster and cheaper. The system will use blockchain technology for quick settlements. Officials emphasize getting the technology right before a full rollout.…

The Economic Times

India's top copper producers like Adani, Vedanta and Hindalco oppose inclusion of scrap-based rods in standards

In a major dispute, leading copper producers like Adani and Vedanta are opposing the inclusion of copper wire from secondary refiners in government quality standards, based on the argument that products made from scrap pose safety risks due to inconsistent purity. This standoff impacts a significant portion of copper wire…

Fortune

Encrypted texts reveal how Nvidia chips and U.S. tech are being smuggled to China and Russia

American-made tech components are being illegally smuggled to Russia, Iran, and China and lawmakers fear it could give them a battlefield edge.

Roll Call

Lutnick urges boost for trade enforcement at BIS

The Commerce Department says it needs additional funds in fiscal 2027 to enforce export controls and prevent the diversion of semiconductors to China and other foreign adversaries. Testifying Thursday before the House Commerce-Justice-Science Appropriations Subcommittee, Commerce Secretary Howard Lutnick said investment in new law enforcement agents at the Bureau of…

Tom’s Hardware

Approvals for Nvidia and AMD AI chip exports to China stall under government bottleneck — 20% staff turnover hobbles Bureau of Industry and Security

Staffing at the U.S. Commerce Department office that vets exports of Nvidia and AMD AI accelerators has collapsed over the past year.

The Independent UK

British Ice Skating appeal against points penalty that cost Lilah Fear and Lewis Gibson bronze medal

The two Brits believed they had won a World Championship bronze only to be docked two points by the judges

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