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IMF warns an AI share price collapse could threaten global financial stability
The International Monetary Fund has warned that an artificial intelligence share price crash poses a significant risk to global financial stability. In its latest Global Financial Stability Report, the IMF identified the sky-high valuations and mounting debt of AI companies as major concerns, alongside rising government borrowing costs and cyber-attack threats. The organisation stated that…
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Sure you want to re-join the EU, Prime Minister? Germany, Italy & Belgium plead with Brussels to stop strangling economies with ‘red tape’, piling pressure on Andy Burnham to abandon ‘insane’ plans to unpick Brexit
The leaders of Germany, Italy and Belgium have urged Brussels to curb EU regulations and give member states an “emergency brake” on new rules, arguing that red tape is holding back businesses and growth. Their intervention adds pressure to the debate over closer UK ties with the EU, after Prime Minister Andy Burnham said Britain…
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Joseph Kabila appointed head of new DR Congo rebel alliance
Joseph Kabila, former president of the Democratic Republic of Congo, has been named leader of a new rebel coalition seeking to oust the current government. This announcement is significant as it represents his clearest direct involvement in an armed movement since he was sentenced to death in absentia for treason a year ago. The coalition…
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More Americans expect Republican control of Congress to hurt finances
A YouGov poll finds more Americans expect to be worse off financially if Republicans retain control of Congress than expect to be better off. The findings challenge Republicans’ efforts to present themselves as the party best placed to improve household finances ahead of November’s midterm elections. Overall, 39% expect to be worse off under a…
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Trump Rally Erupts; Bat Virus Warning; Political Hoax Exposed
Trump’s Ohio rally erupted in chaos as police removed screaming protesters amid spreading false political claims. Australia issued an urgent warning about a deadly bat virus affecting 43 people across New South Wales.
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Datacentre growth could push up European electricity bills without intervention
Moody’s forecasts that Europe’s expanding datacentre sector could raise electricity costs for consumers unless governments intervene. Building enough generation and grid capacity to meet the facilities’ growing demand will require major investment, while the costs and timing of recovering that spending could put pressure on network operators. Datacentres accounted for about 2.5 per cent of…
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Documentary follows Eamon Ryan’s final months as Irish minister
The documentary *Forever Is Now* follows former Irish Green Party leader Eamon Ryan during his final 18 months as environment and transport minister, presenting him as principled, likeable and dedicated. It matters as a portrait of the pressures of government and Ryan’s decision to leave office in 2025, partly to spend more time with his…
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Sixth measles death; UK cuts heat pump subsidies for defence
Pennsylvania’s measles outbreak claims its sixth victim. The UK government axes heat pump subsidies to plug a defence budget shortfall.
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Dave Hughes criticises Albanese’s 59 advisers and their cost
Comedian Dave Hughes has criticised Prime Minister Anthony Albanese for maintaining a team of 59 personal advisers, arguing the size and cost of the advisory staff is excessive and unnecessary. Hughes points out that this is more than double the number of advisers for any other Labor frontbencher, with salaries ranging from $210,000 to $422,000…