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Bursting Of AI Bubble, Collapse Of Circular Deals Are Among Top Risks To Global Financial System, BIS Warns
Bursting Of AI Bubble, Collapse Of Circular Deals Are Among Top Risks To Global Financial System, BIS Warns
An artificial-intelligence bust (and thus bubble), inflation and fiscal stress are the three the most alarming threats to global prosperity at present, the Bank for International Settlements warned. In its annual report published on Sunday, the Basel-based institution - better known as the central banks' central bank - cited those on a list of “pressure points” that currently “demand attention,” with underlying financial vulnerabilities lurking that could amplify any shock.
“The global economy remains...
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Sep 9, 2026 / Jason Ditz
Israel Pounds Southern Lebanon, Killing One and Destroying School
Pre-dawn strikes hit several towns and villages across southern Lebanon, leading UN Secretary General Antonio Guterres to express alarm about the ongoing Israeli escalation and call for Israel to withdraw from the occupied Lebanese territory. An Israeli drone strike targeted a motorcycle near Zebbedine, killing the rider. The identity of the slain has not been […]
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Jun 28, 2026 / Tyler Durden
Baghdad's Green Zone Locked Down As Officials Arrested In Corruption Sweep
Baghdad's Green Zone Locked Down As Officials Arrested In Corruption Sweep
Beyond Sunday's Iranian drone and missile attacks targeting Bahrain and Kuwait, launched in response to earlier U.S. airstrikes, Hormuz shipping traffic remains stable but well below last week's peak, when 57 vessels transited the strait on Wednesday. With maritime flows stable through the critical waterway, attention now shifts to Iraq, where a widening corruption sweep inside Baghdad's Green Zone could become the next area of focus.
Iraq's state-run Iraqi News Agency reported that several political figures were arrested in...
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Jun 23, 2026 / Tyler Durden
Meta Widens Smart-Glasses Lead With $299 Models, Leaving Apple And Snapchat Chasing AI Wearable Race
Meta Widens Smart-Glasses Lead With $299 Models, Leaving Apple And Snapchat Chasing AI Wearable Race
Meta Platforms continues to gain momentum in the smart-glasses race with an extended push into affordable eyewear priced at $299, below its current Ray-Ban Meta Wayfarer model, Snapchat's $2,200 glasses, and Apple's $3,000-plus Vision Pro headset.
Bloomberg reports that Meta unveiled the Adventurer and Fury glasses, each priced at $299 - or about $80 below its Ray-Ban Meta Wayfarer smart glasses model. Meta also introduced a $399 Starfire model in collaboration with Kylie Jenner, targeting cash-strapped...
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