NewzBits — AI News Aggregator | Summarized & Cited

• Finance Minister Nirmala Sitharaman urged institutions to prioritize the responsible adoption of artificial intelligence rather than avoiding the technology. • The Minister stated that faster AI integration requires strict safety, accountability, and the continued use of human oversight to manage risks. • Financial institutions and regulators must now oversee AI deployment to prevent potential harms and reduce reliance on outdated legacy systems.

• India showcased 37 deep-tech startups at the Bharat Innovates Exposition held at Bharat Mandapam during the 18th BRICS Summit. • The event connected these innovators with global investors and business leaders to promote Indian technological advancements. • This initiative aims to integrate Indian startups into the global market by leveraging the BRICS network for investment and growth.

• Fintech companies launched several new products at the Global Fintech Fest 2026, including Android ATMs and AI assistants for merchants. • The new Tap to Pay feature allows Android users to tokenize Visa cards for phone payments starting September 9. • Cross Border Scan to Pay enables users to make payments via Visa QR codes across 14 markets, including Japan, South Korea, Singapore, and Thailand.

• Industry leaders concluded the Global Fintech Fest (GFF) 2026 in Mumbai with a focus on AI-led growth and secure digital payments. • Participants stated that future growth depends on turning artificial intelligence and emerging technologies into scalable and inclusive financial solutions. • This shift means fintech companies must prioritize security and accessibility to expand their market reach and user adoption.

• Americans are commemorating the 25th anniversary of the September 11 attacks by sharing personal memories of the events. • Donald Trump's proposal to provide $5,000 checks to citizens faces potential implementation obstacles. • Diesel fuel prices have reached a record high, increasing costs for transportation and logistics markets.

• US agencies including CISA, the NSA, and the FBI accused China-based AI firms like DeepSeek and Alibaba of maliciously copying American AI models. • The agencies report that these firms extracted billions of tokens, which are the basic units of text used for training, from models such as Claude, GPT, Gemini, and Grok. • This activity threatens the competitive advantage and intellectual property of US AI developers by allowing foreign competitors to replicate advanced capabilities.

• World leaders will gather in New Delhi on September 12 and 13 for the 18th Brics Leaders’ Summit. • The expanded grouping will discuss global governance, trade, investment, technology, and food and energy security. • These talks determine how member nations manage critical supply chains and disaster resilience amid rising global tensions.

• Top global leaders, including Russian President Vladimir Putin and UN Secretary-General António Guterres, are gathering this weekend for the BRICS summit to address global crises. • Attendees include World Health Organization head Tedros Adhanom Ghebreyesus, WTO Director-General Ngozi Okonjo-Iweala, and New Development Bank representative Dilma Rousseff. • The summit provides a platform for these major economies and international organizations to collaborate on solutions for urgent worldwide instability.

• UN Secretary-General António Guterres warned delegates at the opening of the 81st UN General Assembly session in New York that the multilateral system is straining under fractured geopolitics. • Guterres offered his full backing to Khalilur Rahman of Bangladesh, who serves as the President of the 81st General Assembly session. • The warning highlights the difficulty of coordinating international responses to urgent, interlocking crises when global powers are divided.

• India will host the BRICS Summit in New Delhi on September 12-13, 2026. • The event will test whether the expanded and more diverse group of nations can effectively wield its political influence. • The summit represents a balancing act for India as it manages relationships between China, Russia, and Western powers.

• The Russian Embassy in the United States called for the two nations to cooperate within a new geopolitical environment to avoid further confrontation. • The embassy stated that this partnership is necessary to prevent a "globalist elite" from provoking new conflicts between the countries. • This diplomatic appeal signals a desire to shift the current state of high tension and military standoff between the two nuclear powers.

• Asian stocks and bonds fell recently following a rise in oil prices and new inflation data. • U.S. Treasury yields reached multiyear highs as investors anticipated a potential interest rate hike from the Federal Reserve. • Higher borrowing costs and rising energy prices create financial strain for bondholders and equity investors in Asian markets.

• India is joining other Asian nations like Singapore and Hong Kong in the development of tokenised bonds, which are digital versions of traditional debt securities. • The Hong Kong Mortgage Corporation raised its first digitally native bonds in June, following the Hong Kong government's multi-currency digital bond sale in November last year. • A lack of secondary trading and interoperability, or the ability for different systems to communicate, could limit the growth of these markets in emerging economies.

• Wall Street investors are monitoring whether the Federal Reserve's cycle of interest rate hikes will eventually trigger a market downturn. • Market participants typically track two primary triggers for the end of a bull market: an economic rollover or aggressive tightening that causes a financial break. • The current environment suggests that while neither trigger is presently active, the risk associated with rising interest rates is increasing for equity holders.

• Two economists told Newsweek that the Federal Reserve is expected to keep interest rates unchanged during its decision meeting next week. • Economist Campbell stated that the central bank is currently ignoring calls from President Donald Trump to lower rates. • A decision to hold rates prevents immediate borrowing cost reductions for consumers and businesses despite political pressure for cuts.

• European stocks closed lower on Thursday, September 26, as investors worried about inflation driven by rising oil prices and European Central Bank rate hikes. • The pan-European Stoxx 600 index ended the session down 0.69%, while Germany's DAX saw the steepest decline among major indices at 0.84%. • This market downturn reflects growing pressure on European equities as Middle East conflicts push energy costs higher and tighten monetary policy.

• EL.En. reported a jump in profit for the first half of 2026, contributing to a 7% increase in its stock price. • Executives expect the second half of the year to be extremely strong due to medical division growth, industrial performance, and a recovery in Italy. • The company plans to close the divestiture, or sale, of its laser cutting business by the end of 2026, likely between October and December.