Tech-heavy Nasdaq falls 2.6 percent as debate rages over whether AI is a bubble.
US tech stocks tumble as investors fret over AI spending
Source: Al Jazeera
Original reporting
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The Guardian
Jim Chalmers faces a world of hard choices where the solution to one problem makes the other worse
High inflation, low growth and rising unemployment can be added to the federal treasurer’s wall of worries Get our new political email , free app or daily news podcast Jim Chalmers in a speech last week offered the scant encouragement that the economy would be “a bit better” in a year’s time. Fast forward to Friday morning, and the treasurer revealed that his officials were busy downgrading their forecasts ahead of December’s mid-year budget update to show slower growth and higher unemployment. Continue reading...
Al Jazeera
Grenade exercise sparked deadly fire at Canada military base, army says
High winds propelled the blaze across the army base in Wainwright, killing four soldiers and injuring dozens more.
Al Jazeera
Keeping Madhubala alive: The fight for Karachi’s captive elephants
Karachi's last two African elephants remain in captivity. Their sisters are already dead. Will they survive?
Al Jazeera
Israel arrests 36 Palestinians in the West Bank, attacks on farmers ramp up
Israeli pogroms on Palestinian farmers and their lands during the olive harvest season intensify.
The Guardian2 outlets
Magnitude-7 earthquake hits China’s Tibet, killing at least 16 and destroying hundreds of homes
Search and rescue efforts under way after quake strikes region’s north, officials say, while at least seven aftershocks recorded A magnitude-7 earthquake has hit China’s Tibet region, killing at least 16 people, injuring 54 and collapsing hundreds of homes in the northern regional city of Nagqu, official media said. Search and rescue efforts continued after the collapse of at least 339 homes and 20 livestock sheds, the Nagqu media office said, citing city government officials. Continue reading...
The Guardian
Heat killed ‘staggering’ 50,000 people in Europe’s cities this summer, scientists warn
People succumbed to heat at highest rates in Malta, Italy and Hungary, with health issues, loneliness and poverty exacerbating toll Heat killed a record 50,000 people in European cities this summer, new research suggests, with scientists blaming climate breakdown for two in every three of the deaths. Morgues and funeral homes filled with bodies from June to August as the heat added by planet-baking pollution cut short an extra 32,000 lives in urban areas, the researchers found. Hot days pushed vulnerable bodies into overdrive and warm nights prevented them from recovering. Continue reading...