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Switzerland warns AI boom distorting global inflation gauges

LONDON - The Bank for International Settlements (BIS) has warned that the rapid expansion of artificial intelligence is making it harder for central banks to interpret inflation signals and calibrate interest rates. In a…

Zurich reinsurer sees Europe wildfire insurance demand rising

Swiss Re said on Tuesday that ongoing wildfires in France and Spain are likely to drive higher demand for private insurance coverage in southern Europe. The reinsurer noted that wildfire losses are generally not covered …

Zurich-based FIFA plans $20 billion commercial subsidiary

Zurich, Switzerland – FIFA has announced plans to create a new commercial subsidiary, FIFA Forward Enterprise (FFE), valued at around $20 billion that would consolidate the governing body’s commercial and event operation…

United States: Apple briefly tops $5 trillion valuation

BENGALURU, India – Apple’s market capitalization briefly surpassed $5 trillion for the first time on Tuesday, making the iPhone maker only the second company ever to reach that milestone after Nvidia. The stock hit an in…

Netherlands faces ASML pressure as China advances lithography

AMSTERDAM, Netherlands – China’s move to develop a homegrown immersion deep ultraviolet (DUV) lithography machine is increasing pressure on Dutch chip equipment maker ASML, which has recently become Europe’s most valuabl…

Mexico Caribbean resorts hit by record sargassum invasion

Record quantities of foul-smelling sargassum seaweed are inundating beaches along Mexico’s Caribbean coast, disrupting tourism and raising environmental concerns, according to officials and researchers speaking in late J…

Wisconsin Democrat reverses stance on conversion therapy

Rebecca Cooke, a Democratic House candidate in Wisconsin aiming to unseat Republican Rep. Derrick Van Orden, has reversed her position on a federal ban on conversion therapy following criticism from progressive voters. D…

United States golfers Gretzky, O'Laughlin win member-guest

United States — Paulina Gretzky, wife of professional golfer Dustin Johnson, took part in a member-guest golf tournament rather than watching from the sidelines, according to a report citing Golf Digest’s Alex Myers. Pla…

Italy reappoints Mancini as coach, names Ranieri director

ROME, Italy, July 28 (Reuters) - Italy has reappointed Roberto Mancini for a second spell as national team coach, Italian Football Federation (FIGC) President Giovanni Malago confirmed on Tuesday during a Federal Council…

New York, USA: Suri Cruise legally adopts Noelle surname

Public records show that Suri Cruise, daughter of actors Tom Cruise and Katie Holmes, has legally changed her name to Suri Noelle, adopting her mother’s middle name and dropping her father’s surname. The change became pu…

New Jersey storms trigger flash floods, transit chaos

NEW JERSEY – Northern New Jersey and parts of the wider New York metropolitan area faced severe flash flooding, structural damage, and significant transit disruptions after a fast-moving storm system struck late Monday a…

United States lawmakers face scrutiny over SpaceX stock

In the United States, the blockbuster initial public offering of SpaceX, now valued in the multi‑trillion‑dollar range, has triggered new scrutiny of how lawmakers invest in technology companies they oversee. Financial d…

Buffalo quarterback Josh Allen approaches 5,000 rushing yards

Buffalo, New York – Buffalo Bills quarterback Josh Allen is closing in on a significant NFL milestone as he approaches 5,000 career rushing yards, a mark that only four other quarterbacks have reached. Entering the upcom…

United States restaurant chain Cracker Barrel CEO resigns after logo fallout

Cracker Barrel Old Country Store announced that Chief Executive Officer Julie Masino is stepping down following a year of turbulence tied to a failed rebranding effort. In August, the U.S. restaurant chain replaced its l…

Minnesota court halts prediction market ban enforcement

A U.S. federal court in Minnesota has issued a preliminary injunction blocking the state’s planned ban on digital prediction markets, according to a ruling by U.S. District Judge Katherine Menendez. The case was brought …

United States: Johnson & Johnson proposes vast talc settlement

United States-based Johnson & Johnson has proposed a sweeping, multibillion-dollar settlement framework aimed at resolving tens of thousands of lawsuits alleging that its talc-based products caused ovarian cancer. The he…

Tucson anchor Savannah Guthrie pleads to mother's kidnappers

TUCSON, Arizona — Television journalist Savannah Guthrie has released a new video directly appealing to those she believes abducted her missing mother, Nancy Guthrie, as the case nears six months without resolution. Nanc…

Anaheim rookie Ureña shines despite Angels bullpen collapse

ANAHEIM -- Los Angeles Angels rookie right-hander Walbert Ureña turned in another impressive outing on Monday, further solidifying his status as one of the club’s few bright spots in an otherwise difficult season. Facing…

Washington reviews US military presence across Europe

Washington: The United States has begun a formal review of its military presence in Europe, officials said on Monday. US Defense Secretary Pete Hegseth informed NATO counterparts that the analysis is intended to ensure E…

Los Angeles singer Ariana Grande sues alleged hackers

Ariana Grande has filed a lawsuit in Los Angeles against two unidentified individuals she alleges hacked into digital accounts belonging to photographers and producers she has worked with, stealing and leaking unreleased…

West Sacramento: Rafaela grand slam lifts surging Red Sox

In West Sacramento on Monday night, Ceddanne Rafaela hit his first major league grand slam to lift the Boston Red Sox to a 4-2 win over the Oakland Athletics, their 18th victory in 20 games. Boston was no-hit for five in…

France’s Safran hikes outlook after strong profits

France’s Safran raised its full-year financial targets after reporting stronger-than-expected first-half 2024 results on Tuesday, supported by robust demand for aircraft engine maintenance and spare parts. The French aer…

Singapore: Bitcoin falls as Fed hike fears grow

Bitcoin fell in early Asia trading on Tuesday, sliding as much as 2.3% to US$63,414 by 9 a.m. in Singapore, its lowest level in 11 days, as investors weighed the risk of higher US interest rates. Ether dropped about 3.6%…

United States agency seeks hospital emergency patient data

Washington, United States – The federal Consumer Product Safety Commission (CPSC), a small agency that monitors and responds to injuries linked to consumer products ranging from lawn mowers to household appliances, has d…

United States credit risk on Nvidia jumps sharply

Nvidia Corporation’s credit risk climbed sharply on Monday after reports that the US-based chipmaker is in talks over more than $750 billion of artificial intelligence infrastructure deals. Five-year credit-default swaps…

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