Effects

Muslims say anti-Islamic rhetoric making everyday life difficult – and threats and harassment not uncommon Following a brutal Republican primary runoff in which Islamophobia took center stage, anti-Muslim hatred continues spilling into public life in Texas.Texans say that the hate speech shared by elected officials is increasingly echoed by people in their everyday interactions, including discussions about education or interactions at a store, in a park, at university and at elementary school. In one case, students at the University of Houston were praying when a man approached them and burned a Qur’an. In other cases, people have been verbally attacked for wearing traditional garments. Continue reading...

• The Bank for International Settlements (BIS) has warned that a potential artificial intelligence (AI) bust is one of the most alarming threats to current global prosperity. • Along with an AI market correction, the BIS identified persistent inflation and fiscal stress as critical risks that could destabilize the global economy. • This warning highlights the danger of "ripple effects," where a collapse in AI growth could trigger broader credit instabilities and financial volatility.

• The Bank for International Settlements (BIS) has identified a potential AI bust, persistent inflation, and fiscal stress as the primary threats to global economic prosperity. • BIS chief Pablo Hernandez de Cos warned that memories of the 2022 cost-of-living shock increase the likelihood of "second-round effects" on inflation. • The organization highlighted risks stemming from high sovereign debt and the volatility of "fleet-footed" investors who may quickly withdraw funding from government bonds.

As extreme weather events become more common, economists say government will need to take more active role to protect consumersAnyone attempting to notch up a productive day’s work in the searing heat of southern England this last week was left in little doubt about the impact of extreme weather.But the economic effects of the climate crisis for the UK are not confined to the many hours lost to quietly perspiring – or fetching kids dismissed early from scorching classrooms. Continue reading...

El Niño events linked with extreme weather around the world – and can increase risk of bushfires in Australia and coral bleaching on Great Barrier ReefFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe Bureau of Meteorology has officially declared an El Niño – the phenomenon linked to hotter and drier conditions for Australia – is now locked in place in the tropical Pacific Ocean.The bureau warned climate change would amplify the effects on Australia, including the risk of extreme heat and bushfires. Continue reading...

Firm had to repatriate almost 12,000 guests and staff, including from two cruise ships in Abu Dhabi and DohaThe Iran war has cost the travel company Tui €40m (£34.7m) so far, including repatriating almost 12,000 holidaymakers and staff, and forced it to cut its profit forecast for this year.Europe’s biggest holiday operator said that it had taken the hit in March owing to the impact of the conflict in the Middle East, as it was forced to bring home 5,000 guests from two cruise ships anchored in ports in Abu Dhabi and Doha. Continue reading...

Britain authorises use of military bases to strike Iranian missile launchers that target shipping in strait of HormuzPresident Trump branded the UK and other Nato allies “cowards” on Friday amid growing anger among cabinet ministers that his war in Iran could jeopardise Britain’s fragile finances. Senior members of the government are in despair about the potential effects on the economy, with experts warning of higher energy prices and mortgage and borrowing costs. They have already begun contingency planning in case the conflict is protracted – lowering speed limits to minimise fuel consumption is among the measures that could be considered by transport officials.With conflict continuing to escalate, the UK confirmed it was now authorising the use of British military bases to strike Iranian missile launchers that are targeting commercial ships in the strait. Continue reading...