The World Needs an AI Stability Board - Centre for International Governance Innovation

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.

AtlanticNova ScotiaNew BrunswickPrince Edward Island Newfoundland and LabradorCalgaryLethbridgeKitchenerGuelphNorthern OntarioSudburyNorth BaySault Ste. MarieTimminsOttawaKingstonBrockvillePembrokeReginaYorktonSaskatoonPrince AlbertTorontoWatchWeatherPeelHamiltonDurhamYorkHaltonNiagaraQueen's ParkToronto City HallIn PicturesVancouverVancouver IslandCanadaLocal SpotlightRoyal FamilyPoliticsNanosPower PlayQuestion PeriodFederal Election 2025WorldMideast ConflictRussia-Ukraine WarWatchLatestCaptured on CameraPoliticsLifestyleConsumerHealthExplainedEntertainmentTechnologyDeception DecodedAutosEnvironmentBusinessInflationReal EstateAutos

Masked Israeli settlers attacked a group of European diplomats on Saturday during a visit to the occupied West Bank on Saturday, Belgium’s foreign minister Maxime Prevot said. The attackers targeted Belgium’s consul general, French and Polish diplomats and Catholic representatives in the village of Taybeh, 5 kilometres northeast of Jerusalem, according to Prevot.

Drought conditions could develop or worsen for parts of the northwestern U. S. in the coming months, as meteorologists expect El Niño to help shape the winter season. The National Oceanic and Atmospheric Administration (NOAA) issued its winter outlook this week. In it, the agency outlined how the climate pattern could influence temperature and rainfall during winter and said drought conditions are favored to develop or worsen across parts of the northern Rockies. What Is El Niño? El Niño is a naturally recurring climate pattern associated with warmer waters in the Pacific that can influence temperatures and rainfall worldwide. In the U. S., typical El Niño effects can include stormier weather across southern regions, drier conditions in some northern areas and changes in hurricane activity. The Climate Prediction Center said earlier this month that El Niño had continued to strengthen, with chances remaining high for a “strong-to-very strong” event through January to March 2027.