Business

BIS says debt, AI boom and fragilities raise global risks

Sunday, June 28 by SRN News

By Marc Jones LONDON, June 28 (Reuters) - Global pressures from rising public debt to financial fragilities and the sustainability of the AI boom are increasing risks, underscoring the need for disciplined policymaking, according to the Bank for International Settlements. The central bank umbrella group's Annual... Read More.

Ugandan army chief orders the closure of a major news platform

Sunday, June 28 by SRN News

KAMPALA, Uganda (AP) - The offices of a major news organization in Uganda were shut down on the orders of the military chief, who warned Sunday that all media "will follow the rules" while asserting his authority as the East African country's de facto... Read More.

Ukrainian strike sets fire to an oil refinery in southern Russia

Sunday, June 28 by SRN News

KYIV, Ukraine (AP) - Ukraine kept up its heavy drone assault on Russia, setting fire to a major oil refinery in the south and killing at least two people, Russian authorities said Sunday. Kyiv's campaign of massive long-range strikes has choked Russian fuel supplies... Read More.

Iran attacks Bahrain and Kuwait following US strikes and threatens to halt talks to end the war

Sunday, June 28 by SRN News

DUBAI, United Arab Emirates (AP) - Iran's paramilitary Revolutionary Guard launched drone and missile attacks Sunday targeting Bahrain and Kuwait in response to U.S. airstrikes that hit the Islamic Republic, and threatened a "complete halt" could come to negotiations to end the war if... Read More.

Google limits Meta’s use of its Gemini AI models, FT reports

Sunday, June 28 by SRN News

June 28 (Reuters) - Google has put limits on Meta's use of its Gemini AI models after the social media company sought more computing capacity than the rival tech group could provide, the Financial Times reported on Sunday. Google, owned by Alphabet, told Meta... Read More.

America In Focus: key inflation gauge surges to 3-year high, mortgage rate climbs

Saturday, June 27 by SRN News

The economy, inflation and how those forces could impact the lives of Americans were front and center over the past week. Trips to the grocery store or gas station are more painful than they were last year, and rising costs are impacting the decisions... Read More.

US close to allowing Anthropic to restore Fable 5 model, Axios reports

Saturday, June 27 by SRN News

June 27 (Reuters) - The Trump administration is close to allowing Anthropic to restore access to its Fable 5 model, Axios reported on Saturday, citing a source close to the situation. Reuters could not immediately confirm the report. (Reporting by Gnaneshwar Rajan in Bengaluru; Editing... Read More.

Australia toughens kids’ social media ban, doubles potential penalties for tech firms

Saturday, June 27 by SRN News

By Samuel McKeith SYDNEY, June 27 (Reuters) - Australia said on Saturday it would double the maximum penalty it can impose on tech firms found to have failed to uphold a ground-breaking social media ban for children, as evidence mounts that the ban has... Read More.

World Cup sticker frenzy: Panini packs sell out as fans race to fill 980 spots in collectible albums

Saturday, June 27 by SRN News

KANSAS CITY, Mo. (AP) - Adam Martin remembers taking boxes of Panini stickers and their accompanying World Cup albums to a Formula 1 race in May, shortly after his collectibles shop had received a shipment and long before the tournament was to begin. The idea... Read More.

US safety agency ends power steering probe into 376,000 Tesla EVs

Saturday, June 27 by SRN News

June 27 (Reuters) - U.S. safety regulators said on Saturday they had closed their probe into Tesla vehicles over power steering loss, in view of a company recall which was carried out last year. The National Highway Traffic Safety Administration (NHTSA) said the investigation, which... Read More.

Current Weather

BIS says debt, AI boom and fragilities raise global risks

Ugandan army chief orders the closure of a major news platform

Ukrainian strike sets fire to an oil refinery in southern Russia

Iran attacks Bahrain and Kuwait following US strikes and threatens to halt talks to end the war

Google limits Meta’s use of its Gemini AI models, FT reports

America In Focus: key inflation gauge surges to 3-year high, mortgage rate climbs

US close to allowing Anthropic to restore Fable 5 model, Axios reports

World Cup sticker frenzy: Panini packs sell out as fans race to fill 980 spots in collectible albums

US safety agency ends power steering probe into 376,000 Tesla EVs

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