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The Bank of England has issued a stark warning about an escalating risk of a “sudden correction” in global financial markets, citing overvaluation in the artificial intelligence (AI) sector. During a Wednesday meeting, the central bank’s financial policy committee highlighted concerns that equity market valuations for technology companies focused on AI have become excessively stretched. […]

A federal operation in New York City’s Chinatown led to the detention of nine individuals from West Africa and four protesters accused of interfering with law enforcement. The raid, conducted by U.S. Immigration and Customs Enforcement (ICE) and the Department of Homeland Security (DHS), targeted alleged sellers of counterfeit goods. The operation occurred on Tuesday […]

President Donald J. Trump has condemned China’s unilateral restrictions on rare earth mineral exports, accusing the communist regime of imposing “extreme conditions” on global use of critical materials. The move, announced by Beijing’s Commerce Ministry, disrupted a prior trade truce and was interpreted as an attempt to pressure U.S. negotiations. Trump’s response, posted on Truth […]