Threat of AI share crash puts world financial stability at risk, says IMF 13. October 2026 (05:15) High valuations and debt put sector in danger, while fund also warns on government borrowing and cyber-attacksThe threat of an AI share price crash rippling out across global markets is putting world financial stability at risk, the International Monetary fund has warned.In its twice-yearly Global Financial Stability Report, the IMF highlighted the sky-high valuations for AI companies along with their increasing debt pile as one reason that risks in the system are “elevated”. Continue reading...(The Guardian)
Argentina temporarily closes Iguazu Falls after El Niño-fuelled surge in water levels 13. October 2026 (05:03) National park officials took the precautionary measure to limit tourist access after heavy rain caused the Iguazu River to flow at six times the normal rateHeavy rainfall fuelled by a supersized El Niño weather pattern briefly forced Argentinian authorities to close tourist access to the famed Iguazu Falls, amid fears that rapidly rising water levels would cause the river to burst its banks.National park officials took the precautionary measure on Monday when the Iguazu River’s flow exceeded 12,000 cubic metres per second – more than six times its average rate. Continue reading...(The Guardian)
Vikki Campion, News Corp columnist and wife of Barnaby Joyce, begins role with NSW One Nation 13. October 2026 (05:02) Media adviser who married federal One Nation MP in 2023 confirms she has started working part-time for the party’s state executiveGet our new political email, free app or daily news podcastVikki Campion, the News Corp columnist and wife of the federal One Nation MP Barnaby Joyce, has begun working as an adviser for the party in New South Wales in the lead-up to the March state election.Campion, who helped the NSW One Nation leader and candidate for Cessnock, Mike Newman, with a press conference in the Hunter electorate on Tuesday, told Guardian Australia she had started working for the party’s state executive as a contractor, providing media advice on a part-time basis this week. Continue reading...(The Guardian)
Bullet hole in door and DNA evidence scrutinised in Beau Lamarre-Condon double murder trial 13. October 2026 (04:52) Defence also cross-examines witness over postmortem examinations of Jesse Baird and Luke DaviesGet our breaking news email, free app or daily news podcastA bullet hole left in a bedroom door and DNA found in the barrel of the firearm have been scrutinised in court as Beau Lamarre-Condon’s double murder trial continues in Sydney.Lamarre-Condon, 31, has been accused of fatally shooting Jesse Baird and Luke Davies with his police service weapon in Baird’s Paddington home in on 19 February 2024. Continue reading...(The Guardian)
AI cyberattack could bring global financial system to a screeching halt, warns IMF
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