World
AI Summary
- Meta has agreed to pay billions to settle lawsuits concerning the negative impacts of social media on children's mental health, signaling a significant shift in how tech platforms address user well-being.
- Escalating trade disputes between the US and Canada are leading to retaliatory tariffs on various goods, impacting industries from automotive to agriculture and raising concerns about rising consumer prices.
- Global energy markets are experiencing volatility, with oil prices fluctuating due to geopolitical tensions involving Iran and Oman, alongside evolving transit deals and strategic reserve concerns.
- The semiconductor industry is facing unprecedented cost increases, prompting regulatory bodies like the FTC to consider antitrust actions to address potential market manipulation and soaring chip prices.
- The US government is implementing significant changes to its immigration policies, including pausing visa appointments and stepping up deportation efforts, impacting international travel and humanitarian concerns.
ZeroHedge
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SoftBank Credit Risk Rises As Firm Mulls $20 Billion Bond Sale For OpenAI Stake
an hour ago
by Tyler Durden
SoftBank Credit Risk Rises As Firm Mulls $20 Billion Bond Sale For OpenAI Stake SoftBank Group's 8.5% notes due 2036 fell as much as 2.5 cents to about 98 cents on the dollar after Bloomberg reported that Masayoshi Son's conglomerate is considering a $10 billion to $20 billion bond offering , prompting traders to price in additional leverage and supply risk as the investment firm plans to refinance the massive bridge loan backing its OpenAI investment . Sources familiar with SoftBank's plans said the potential bond offering could be denominated in dollars and euros , though they stressed that its
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Trump Admin Pauses All Visa Appointments Worldwide
2 hours ago
by Tyler Durden
Trump Admin Pauses All Visa Appointments Worldwide Authored by Kimberly Hayek via The Epoch Times , The Trump administration has paused visa appointments for applicants worldwide as the State Department launches a global training initiative at all U.S. embassies and consulates, according to a department spokesperson. Appointments for visa services will be rescheduled to accommodate the training. The State Department offered no specific details on the training or its timeline. Officials said the initiative aims to help consular officers screen out applicants deemed likely to become dependent on U.S. public benefits. It is also intended to ensure evaluation of visa
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WTI Rises After Big Product Draws, Tiny Crude Build, SPR Nears 'Tank Bottoms'
2 hours ago
by Tyler Durden
WTI Rises After Big Product Draws, Tiny Crude Build, SPR Nears 'Tank Bottoms' Oil prices extended their declines for a third straight day after the US plan to ramp up economic pressure on Iran spared the country’s trading partners from harsher measures for now, while mediators said they were continuing efforts to end the conflict. “There was a lot of buildup around the announcement but what we got was more a warning about where policy is heading than an immediate shock to physical supply,” said Haris Khurshid, chief investment officer at Chicago-based Karobaar Capital LP. “Until secondary sanctions start changing
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Terrifying Video Captures 'Day After Tomorrow'-Like Flood Swallowing Entire China-Nepal Border Checkpoint
2 hours ago
by Tyler Durden
Terrifying Video Captures 'Day After Tomorrow'-Like Flood Swallowing Entire China-Nepal Border Checkpoint At least 31 people were confirmed dead, and hundreds of tourists and travelers remained missing after a catastrophic flash flood tore through Nepal's border region with Tibet. This image helps explain what happened along the Nepal–Tibet border. According to reports, a magnitude 4.4 earthquake on the Tibetan side triggered a massive ice avalanche, which then led to the flash flooding of the Bhotekoshi River in Nepal. Around 1,000 people are missing, and… pic.twitter.com/2n46czGNoB — Weather Monitor (@WeatherMonitors) August 26, 2026 The South China Morning Post shared horrifying security-camera
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"This Is Crazy" - FTC Chair Responds To Soaring Chip Costs, Floats Possible Antitrust Action
2 hours ago
by Tyler Durden
"This Is Crazy" - FTC Chair Responds To Soaring Chip Costs, Floats Possible Antitrust Action We’ve covered soaring “ chipflation ” for months and the trend does not seem to be abating. Nvidia is reportedly informing its largest customers to expect price hikes of at least 15% for next year, possibly to set expectations of a still larger move upward… and meanwhile the semi component in the PPI looks like a 2021 memecoin: All this has earned the attention of FTC Chair Andrew Ferguson, who apparently enjoys building his own personal computers. In an interview last week in Aspen, Ferguson
The Guardian
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South African police arrest two Thai men for allegedly smuggling parrot eggs
an hour ago
by Rachel Savage in Johannesburg
South Africa, Birds, Wildlife, Thailand, Endangered species, Africa, Animals, Asia Pacific, Conservation, Environment, World newsBird eggs intercepted in homemade incubators at Johannesburg airport as officials try to halt wildlife trafficking South African police have arrested two Thai nationals in separate incidents for allegedly attempting to smuggle endangered parrot eggs out of the country as authorities try to stem the tide of wildlife trafficking. A 50-year-old Thai national was arrested at OR Tambo international airport in Johannesburg on 20 August, carrying 50 bird eggs in a homemade incubator in a hand-luggage bag, South Africa’s environment ministry said in a statement . Continue reading...
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Mpox is back – and in new countries. How can this outbreak be contained?
5 hours ago
by Kat Lay Global health correspondent
Global health, Mpox, Guinea-Bissau, Infectious diseases, World Health Organization, Health, Global development, World news, Society, Science, Microbiology, Biology, Africa, Democratic Republic of the Congo, Vaccines and immunisation, Children's health, Guinea, Sierra Leone, EpidemicsThe public health emergencies in 2022 and 2024 saw the virus reported in 145 countries, but in the new cases children appear particularly affected A fresh outbreak of mpox in Guinea Bissau – the country’s first – means the virus formerly known as monkey pox is back in the headlines. So what has changed? Since 2022, there have been almost 190,000 lab-confirmed cases of mpox reported worldwide in 145 countries. Before then, outbreaks of mpox tended to be relatively small and in a handful of African countries, where the viral infection was known to be endemic. Continue reading...
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Moringa lattes and tigernut kebabs: the Ghanaians ‘taking back the power’ of their food
7 hours ago
by Kaamil Ahmed
Food security, Ghana, Global development, Food, Africa, World newsIn Ghana, a grassroots movement is championing nutritious, homegrown, climate-resilient produce, rather than western imports After three years at catering school in Accra, Abiro Wisdom was certain of one thing – he did not want to go into catering. At least not the route that he might be expected to take. His course had prepared students for working in international hotels, focusing on French, Italian and Mexican cuisine. The nutritious, homegrown food that Wisdom had eaten while growing up in Bolgatanga, northern Ghana, did not feature at all. “I didn’t see myself there,” he says of the big chain hotels.
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Prince Harry quits board of wildlife charity after rangers’ human rights abuses
2 days ago
by Caroline Davies
Prince Harry, UK news, Africa, Congo-Brazzaville, Monarchy, Wildlife, Human rights, World news, CharitiesSpokesperson for Duke of Sussex says he remains an ‘active and avid supporter’ of African Parks’ mission The Duke of Sussex has stepped down from the board of a major African wildlife charity that had been at the centre of a human rights controversy. Prince Harry’s spokesperson confirmed he was no longer a trustee of African Parks , which admitted last year that human rights abuses were committed by its rangers in the Republic of the Congo. Continue reading...
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Video shows hundreds held captive after Nigeria mosque kidnapping
2 days ago
by Reuters in Maidiguri
Nigeria, Africa, World newsGunmen attacked worshippers in Dekara village on Friday taking women, children and older people An armed group has posted a video showing what residents said were about 600 women, children and older people abducted in an attack on a mosque in Nigeria’s north-central Niger State last week. The video, posted on Facebook and WhatsApp, showed large groups of people seated in a forested area surrounded by armed men. Several children could be heard crying in the background. Continue reading...
South China Morning Post
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Meta agrees to pay US$17 billion to settle teen social media addiction case in US
2 hours ago
by Associated Press
Meta Platforms has agreed to pay US$17 billion and add child-safety measures to its Facebook and Instagram platforms to end a landmark trial over teen social media addiction and settle claims filed by 47 US states, state attorneys general announced on Wednesday. California, Colorado, Kentucky and New Jersey were among 29 states that sued the tech giant in 2023, but the deal cuts short the trial, which was expected to see CEO Mark Zuckerberg take the stand before a jury in federal court in...
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Iran and Oman reach Hormuz deal, but reopening hinges on US compliance
3 hours ago
by Reuters
Iran and Oman have reached agreement on their share of the Strait of Hormuz and its revenues, but the vital waterway will not be reopened if the US does not accept their conditions, Iran’s Revolutionary Guards said on Wednesday. Iran and Oman have held on-and-off talks for weeks about controlling traffic through the strait, which handled one-fifth of global oil and liquefied natural gas shipments before the war began in February. Most shipping has since been shut down, driving global energy...
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Prince Harry and Meghan back in UK after 6 years, beginning a new chapter
4 hours ago
by Reuters
Prince Harry and his family arrived back in Britain on Wednesday, the BBC reported, days after it was revealed the couple were relocating six years after quitting royal duties and moving to the United States. Last week, Harry and Meghan, the Duke and Duchess of Sussex, surprised even their close family when it was disclosed that they would move back from California to somewhere outside London for what was described as an extended period of time. Their children, Prince Archie, 7, and Princess...
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The security-obsessed global economy needs its own Helsinki process
4 hours ago
by Hao Nan
Forty years ago, the Stockholm Document turned the political promise of the 1975 Helsinki Final Act into a more practical system of confidence-building. Amid the Cold War, Europe’s East and West did not disarm, abandon deterrence or begin to trust one another. Instead, they agreed that military competition could be made safer through prior notification, observation, information exchange and verification. The lesson was modest but durable: adversaries do not need trust to reduce uncertainty. That...
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US starts returning staff to some Middle East missions after Iran war evacuations
17 hours ago
by Reuters
US President Donald Trump’s administration is starting to send staff back to some diplomatic missions in the Middle East that were evacuated or downsized amid tensions with Iran, two people familiar with the matter told Reuters. The posts in Lebanon, Israel, Saudi Arabia and Baghdad, Iraq, are among those where staff will return, the sources said. Family members will also be allowed to return to the US post in Riyadh, they added. The move suggests Washington sees a lower risk of the conflict...
New York Times
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Meta to Pay Up to $17.1 Billion in Landmark Settlement Over Social Media Addiction Claims
an hour ago
by Cecilia Kang and Eli Tan
Suits and Litigation (Civil), Compensation for Damages (Law), Social Media, Computers and the Internet, Addiction (Psychology), Meta Platforms Inc, Facebook Inc, Instagram Inc, Zuckerberg, Mark E, Gonzalez Rogers, Yvonne (1965- ), Children and Childhood, Oakland (Calif)The social media giant settled with 47 states, the District of Columbia and U.S. territories, and agreed to make major changes to its products over claims its platforms endangered children.
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What to Know About Social Media Addiction Lawsuits Against Meta, Snap, TikTok and YouTube
2 hours ago
by Cecilia Kang
Social Media, Computers and the Internet, Suits and Litigation (Civil), Facebook Inc, Google Inc, Instagram Inc, TikTok (ByteDance), Snap Inc, Zuckerberg, Mark E, Addiction (Psychology), Liability for ProductsLandmark trials are testing a new legal strategy claiming that Meta, TikTok, Snap and YouTube caused personal injury through addictive products.
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Hegseth’s Army Purge, and Polling Chaos in the Midterms
6 hours ago
by Tracy Mumford, Will Jarvis, Margaret Kadifa, Jake Lucas, Ian Stewart, Greg Jaffe, Reid J. Epstein and Lindsay Zoladz
Country Music, Midterm Elections (2026), United States Politics and Government, Parton, Dolly, Trump, Donald J, United States Defense and Military Forces, internal-open-access-audioPlus, there was no one like Dolly Parton.
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Bessent Faces Credibility Test in Quest to Tame Markets
an hour ago
by Alan Rappeport
United States Politics and Government, United States Economy, National Debt (US), Government Bonds, Treasury Department, Bessent, ScottThe Treasury secretary is confronting the limits of his ability to reshape the economy ahead of midterm elections.
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‘Honeymoon’s Over’: Warsh Under Pressure as Fed Weighs Raising Rates
7 hours ago
by Colby Smith
Warsh, Kevin M, Clarida, Richard H (1957- ), Trump, Donald J, Volcker, Paul A, Federal Reserve System, Banking and Financial Institutions, Inflation (Economics), Government Bonds, United States EconomyKevin M. Warsh is scheduled to deliver his first address at the Federal Reserve’s annual conference in Jackson, Wyo., with U.S. government bond markets on edge and inflation risks resurfacing.