Author: Justin M. Larson

Bank of England, the Royal Exchange and the statue of the Duke of Wellington in the City of London on 19th February 2025 in London, United Kingdom.Mike Kemp | In Pictures | Getty ImagesThe Bank of England on Wednesday warned that the risk of a “sharp market correction” has increased, noting that valuations appear stretched, particularly for artificial intelligence-focused tech firms. The central bank becomes the latest in a long list of banks and investors to weigh in on whether an AI bubble is forming as markets tick into the fourth quarter. Heightened geopolitical tensions, fragmented trade and financial markets and pressures…

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The late Shinzo Abe (L) and Sanae Takaichi (R) at a science and technology innovation conference in Tokyo on October 22, 2014.Toshifumi Kitamura | Afp | Getty ImagesFor years, U.S. President Donald Trump has accused Japan of engaging in “unfair trade practices” — a criticism that dates back to his days as a real estate mogul.In March, Trump again singled out Japan, alleging that Tokyo weakened its currency to gain an unfair trade advantage. “I’ve called the leaders of Japan to say you can’t continue to reduce and break down your currency,” he said.Then–Prime Minister Shigeru Ishiba reportedly told Japan’s…

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Sir Jim Ratcliffe, the co-owner of Manchester United and head of Ineos, one of Europe’s largest chemical producers, has staged an “11th-hour intervention” in an effort to “save” the chemical industry.Sir Jim has called on European legislators to reduce price pressures on chemical businesses, or there “won’t be a chemical industry left to save”. “There’s, in my view, not a great deal of time left before we see a catastrophic decline in the chemical industry in Europe”, he said.The “biggest problem” facing businesses is gas and electricity costs, with the EU needing to be “more reactive” on tariffs to protect…

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Women in work are consistently portrayed as younger and less experienced than men online and by artificial intelligence, a sweeping new study has found. Researchers studied 1.4 million online images and videos, as well as nine large language models trained on billions of words. They discovered that women are systematically presented as younger than men in thousands of job roles and social positions.”This kind of age-related gender bias has been seen in other studies of specific industries, and anecdotally, such as in reports of women who are referred to as girls,” said University of California, Berkeley’s Solene Delecourt, who co-authored the…

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President Trump announced on social media late on Wednesday that Hamas had agreed to release all the hostages being held inside Gaza “very soon”, while Israel has agreed to a phased withdrawal of its ground forces to “an agreed upon line.”Hamas has reportedly confirmed the deal calling on the international community to ensure Israel abides by its terms. Israeli Prime Minister Benjamin Netanyahu said it was a “great day for Israel” adding that the Government would meet on Thursday to approve the first phase – including an immediate ceasefire, according to news reports.“I welcome the announcement of an agreement to…

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Two HSBC bank logos are displayed on an office building in Mexico City, Mexico, July 25, 2025. Henry Romero | ReutersHSBC said it has asked the board of Hang Seng Bank to put forward a privatization proposal to shareholders via a scheme of arrangement under Hong Kong’s Companies Ordinance.Shares in Hang Seng Bank, a subsidiary of HSBC, would be canceled in exchange for 155 Hong Kong dollars ($19.78) apiece, valuing the bank at about HK$290.74 billion.”One of HSBC’s strategic priorities is to grow in Hong Kong,” the bank said in its filing statement, adding that it believes it is “best…

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Britain is at the lowest risk of a winter power blackout than at any point in the last six years, the national electricity grid operator has said.Not since the pre-pandemic winter of 2019-2020 has the risk been so low, the National Energy System Operator (NESO) said. It’s thanks to increased battery capacity to store and deploy excess power from the likes of windfarms, and a new subsea electricity cable to Ireland that came on stream in April.The margins between expected demand and supply are now roughly three gas power stations greater than last year, the NESO said. Please use Chrome…

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US President Donald Trump speaks during a roundtable about “Antifa,” an anti-fascist movement he designated a domestic “terrorist organization” in the State Dining Room of the White House in Washington, DC, on Oct. 8, 2025. Jim Watson | AFP | Getty ImagesU.S. President Donald Trump announced Wednesday night stateside that Israel and Hamas had agreed on the first phase of a peace plan which could put an end to the two-year war and free hostages.”ALL of the Hostages will be released very soon, and Israel will withdraw their Troops to an agreed upon line as the first steps toward a…

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An alarming 3.3 million children — the highest number on record — are now in need of humanitarian assistance and cases of acute malnutrition, child recruitment, gender-based violence and other children’s rights violations are on the rise.“Children in Haiti are being displaced at a distressing pace and scale,” said UNICEF chief Catherine Russell. “Each time they are forced to flee, they lose not only their homes but also their chance to go to school, to be safe, and to simply be children.”‘Unprecedented’ displacementDecades of shocks from deadly earthquakes to political fragility and economic chaos have led to one of the…

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Asia-Pacific markets were set to open higher Thursday, tracking Wall Street gains as investors shrugged off concerns of an artificial intelligence bubble.Nvidia shares advanced Wednesday stateside after CEO Jensen Huang said that demand for AI computing is “substantially” up in the last six months. Stocks of CoreWeave also jumped after the AI cloud provider unveiled new tools to help programmers develop AI agents.The Bank of England on Wednesday warned of a “sharp market correction” if the AI bubble bursts — the latest in a long list of banks and investors to weigh in on whether an AI bubble is forming as markets…

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Parfait Onanga-Anyanga was speaking at a Security Council meeting focused on the key issues faced by Africa and cooperation between the UN and the African Union (AU) – a continental organisation comprising 55 African Member States.He warned that “concerns remain in some parts of the continent about the number and complexity of conflicts.”He said these conflicts were often worsened by “weak or ineffective State authority, violence extremism conducive to terrorist activities, the inequitable management of natural resources, organized crime, the impact of climate change, acute food insecurity and, in some cases, denial of fundamental human rights.”Conflicts in the Horn of Africa, Sudan, South…

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