Lengthy

• Congress returns to Washington on Monday to tackle a dense legislative agenda before the upcoming August recess and the midterm election cycle. • Lawmakers face a constrained timeline to address several key priorities, though the specific legislative goals were not detailed in the report. • The return to the Capitol is overshadowed by the sudden death of Senator Lindsey Graham, adding a layer of mourning to the political proceedings.

• The Bank for International Settlements (BIS) has warned that "exuberance" surrounding artificial intelligence could lead to a significant investment bust if the technology fails to deliver expected returns. • The BIS cautions that weak productivity gains may trigger a sharp pullback in funding for tech companies, potentially destabilizing the broader global economy. • This warning highlights the risk of an AI bubble, where massive capital expenditures in infrastructure and software may not be offset by sufficient revenue growth.

• The Bank for International Settlements (BIS) has warned that "exuberance" surrounding artificial intelligence could lead to a prolonged investment bust if the technology fails to deliver expected returns. • The BIS cautions that weak productivity gains from AI may trigger a sharp pullback in funding for tech companies, potentially destabilizing the broader global economy. • This warning highlights the risk of a market bubble where speculative investment far exceeds the actual economic value generated by AI tools.

Police investigating allegations Mandelson and former prince Andrew passed sensitive info to Epstein will struggle to make charges stick without filesBritish police investigating the former prince Andrew and Peter Mandelson are preparing to start interviewing witnesses in Royal and government circles.It comes as police fear that prosecutors will be “reluctant” to bring charges unless the Trump administration agrees to hand over the original documents from the Epstein files. Continue reading...

Neither Mette Frederiksen’s leftwing bloc nor rightwing parties won a majority in Tuesday’s electionDenmark is braced for lengthy and challenging coalition talks after neither Mette Frederiksen’s leftwing bloc nor the rightwing parties managed to get a majority in Tuesday’s election.After a bruising night for her Social Democrat party, which despite remaining the biggest party in the Danish parliament had its worst general election since 1903, the prime minister went to Amalienborg palace on Wednesday morning to submit her government’s resignation to the king. Continue reading...