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Asian stocks rise as record US shutdown nears end
Asian stocks rise as record US shutdown nears end
by  AFP

Most Asian markets rose for the second day in a row Tuesday as US lawmakers edged towards ending a record government shutdown. The prospect of an end to the Washington standoff, which moved into its 41st day Monday, came amid a revival of demand for tech giants despite growing fears of an AI-fuelled bubble.

Concentration of corporate power a 'huge' concern: UN rights chief
Concentration of corporate power a 'huge' concern: UN rights chief
by  AFP

A few tech giants accumulating massive power coupled with artificial intelligence is posing huge global rights challenges and needs regulation, the UN human rights chief told AFP in an interview. The fact that tech titans are racing to roll out generative artificial intelligence tools adds to the concern of many experts.

Ukraine, China's critical mineral dominance, on agenda as G7 meets
Ukraine, China's critical mineral dominance, on agenda as G7 meets
by  AFP

G7 foreign ministers gather in Canada Tuesday for meetings expected to focus on Ukraine and find consensus on a path forward to end the four-year-old conflict. Trump abruptly ended trade talks with Canada last month -- just after an apparently cordial White House meeting with Prime Minister Mark Carney.

AI agents open door to new hacking threats
AI agents open door to new hacking threats
by  AFP

Cybersecurity experts are warning that artificial intelligence agents, widely considered the next frontier in the generative AI revolution, could wind up getting hijacked and doing the dirty work for hackers. AI agents are programs that use artificial intelligence chatbots to do the work humans do online, like buy a plane ticket or add events to a calendar.

Exiting Buffett plans to hold on to Berkshire stock for now
Exiting Buffett plans to hold on to Berkshire stock for now
by  AFP

Warren Buffett on Monday confirmed plans to step down as Berkshire Hathaway CEO at year's end, but said he will keep a "significant amount" of shares in the company for now. Buffett announced in May he would step down at the end of 2025, a plan met with dismay by rank-and-file investors in Berkshire and beyond who admire the folksy investor.

Bank of England seeks to 'build trust' in stablecoins
Bank of England seeks to 'build trust' in stablecoins
by  AFP

The Bank of England said Monday it aims to "build trust" in stablecoins in the UK, which would be pegged to the pound under proposed national rules for the cryptocurrency. "Our objective remains to support innovation and build trust in this emerging form of money."