Expose

• The Bank for International Settlements (BIS) warned in its annual economic report released Sunday that the AI investment boom is creating significant systemic risks. • Funding is increasingly flowing through loosely regulated non-bank channels, including hedge funds and private credit vehicles, rather than traditional banking systems. • This lack of oversight means a potential AI market downturn could trigger a sharper and faster financial crash than a standard banking crisis.

Former Westminster correspondent earned a reputation for uncovering political wrongdoing in the 1990sThe acclaimed journalist David Hencke, whose career at the Guardian spanned more than three decades, has died from liver cancer aged 79.Hencke, the Guardian’s former Westminster correspondent, was instrumental in exposing the “cash for questions” scandal that forced the resignations of two Conservative ministers, as well as the scoop that led to Peter Mandelson’s first resignation from government. Continue reading...

• A recent tech sell-off has exposed the volatility of Wall Street's $270 billion speculation machine, where leveraged products amplified both AI-driven rallies and subsequent reversals. • Retail investors heavily targeted AI chips and SpaceX-linked funds, with the latter attracting nearly $1 billion since launching earlier this month despite a 40% drop from debut. • The trend highlights how financial engineering in crypto and leveraged ETFs can lead to rapid gains followed by swift, significant losses for those chasing late-stage IPO momentum.

• The Netherlands dominated Sweden with a 5-1 victory in Houston during the World Cup. • Striker Brian Brobbey and Cody Gakpo each scored twice to secure the win against Graham Potter's Swedish side. • The match highlighted a significant gap in quality, exposing Sweden's inability to balance their technical midfield and elite strikers with effective team play.

Groups say new directive fails to respect Native sovereignty amid complicated history of Indigenous child removalsOne morning early last July, Micha Bitsinnie arrived at work to an onslaught of messages from confused families.New Mexico’s governor Michelle Lujan Grisham had just issued a directive mandating the state’s child welfare department seek custody of all newborns who had been exposed to drugs and alcohol in utero. Some parents wondered whether medications that they were taking for addiction recovery, such as methadone, would flag their cases. Healthcare providers wondered whether the fentanyl in an epidural counted as a drug exposure. Continue reading...

• Pop star Rogers used a guest appearance during Rosalía’s Lux Tour stop at Madison Square Garden in New York City to publicly expose a cheating scandal. • During a "confession booth" segment of the concert, Rogers revealed that a friend had previously set them up on a date with a reporter from The New York Times. • The public call-out highlights a high-profile personal conflict played out on a global stage, blending celebrity performance with personal grievances.

• G7 leaders met in Évian-les-Bains, France, to address critical global issues including war, AI governance, and the realignment of international supply chains. • U.S. President Donald Trump announced a deal to end the conflict with Iran just before the summit, focusing discussions on Middle East stability and reopening the Strait of Hormuz. • The G7 officially labeled the U.S.-Iran agreement a “historic opportunity,” signaling a collective Western effort to stabilize the region.