'My whole world’s crushing down': Single dad fears losing stability as shelter exit looms - CollingwoodToday.ca

The threat of an AI share price crash rippling out across global markets is putting world financial stability at risk, the International Monetary fund has warned. In its twice-yearly Global Financial Stability Report, the IMF highlighted the sky-high valuations for AI companies along with their increasing debt pile as one reason that risks in the system are “elevated”. “The consequences of an AI correction could be global,” it warned. Aside from the US, Asian markets would be most exposed, and the UK and euro area potentially more insulated – though investors with US holdings would be hit. Athanasios Vamvakidis, the deputy director of the IMF’s monetary and capital department, launching the report, said: “The exposure of the rest of the world to US assets, particularly AI, is the highest it has ever been. So this is supporting the global economy through wealth effects today; but if we get a market correction it could have broad implications.”An AI crash was one of three “salient risks” to stability identified by the IMF, alongside rising government borrowing costs and the threat of a big cyber-attack.

Israeli settlers have attacked European diplomats, including a French mayor, near the Palestinian village of Taybeh in the occupied West Bank. The delegation was visiting Palestinian olive harvesters on Saturday when the Israeli attackers confronted the group. The attack comes a day after settlers assaulted a US journalist north of Ramallah. In Saturday’s incident, the settlers targeted Belgium’s consul general, French and Polish diplomats and Catholic representatives, Belgian Foreign Minister Maxime Prevot said. “A French mayor was assaulted and a Belgian vehicle damaged,” Prevot said, linking the attack to what he called Israel’s “illegal settlement policy” and pledging to push for further European Union sanctions. French mayor Bernard Baudoux, who was assaulted, told the AFP news agency that the violence suggests that “there is a tolerance on the part of the Israeli government” towards settler violence. Al Jazeera’s Nour Odeh, reporting from Ramallah, said the settlers surrounded the diplomats’ vehicles, pelted them with stones and smashed their windows.

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What researchers uncovered through lab testing and surveillance footage, prosecutors said, was a plot by his fellow graduate student to intentionally poison him.