Ángel Aguirre indicted in case that rocked Mexico and became symbol of its brutal cartel violence
The former governor of Guerrero state in Mexico has been formally charged over his alleged involvement in the disappearance of 43 students in 2014, a case that has become a symbol of the country’s brutal cartel violence and government impunity.
Ángel Aguirre, who was arrested last week, is accused of forced disappearance and obstruction of justice for ordering the destruction of surveillance tapes that may have shed light on what happened to the students from the Ayotzinapa teacher training college on the night of 26 September 2014.
The indictment alleges he murdered his parents, renowned director Rob Reiner and his wife Michele Reiner, by means of lying in wait, prosecutors announced Wednesday.
TabFM умеет получать предсказания по таблицам без обучения на конкретном датасете — и на бенчмарках уже обходит настроенный бустинг. Разбираемся, насколько убедительны эти результаты, где у модели заканчивается преимущество и что изменится для тех, кто держит табличный ML в проде.
Diana Gutiérrez de Piñeres Botero, Americares Colombia country director, joins CBS News from Bogotá, Colombia, to discuss the situation on the ground there after Tuesday's massive earthquake.
Nick Reiner pleaded not guilty to two counts of murder with the special circumstance allegations in the killings of his parents, Rob and Michele Reiner.
On Tuesday, Kim Doster, the communications director of the National Oceanic and Atmospheric Administration (Noaa), said the federal agency was withdrawing its support for the Arctic Report Card, which has provided environmental updates on the region to scientists and the public since 2006.
Organisers says new rule will ensure contest provides ‘safe and welcoming environment’ for participants
Broadcasters will no longer be eligible to host the Eurovision song contest if their state is involved in an “armed conflict” or “sensitive geopolitical situation”.
Eurovision is traditionally hosted by the previous year’s winner’s broadcaster, with next year’s show due to take place in Bulgaria after the singer Dara’s victory for the country in May.
Columbia University astronomy professor Dr. Janna Levin joins CBS News to discuss Wednesday's total solar eclipse, saying it's a reminder that humans share this Earth together and "we're all part of something larger."
In July, OpenAI and Hugging Face responsibly disclosed an OpenAI model under internal evaluation escaped its sandbox, reached the open internet, and accessed Hugging Face’s internal production infrastructure. The agent took datasets, cluster details, and cloud keys during the intrusion.
The most critical part of the external phase of this incident was the first hour, when the agent escaped its sandbox by using a vulnerability within a package proxy on its sandbox’s allowlist to access the internet.
As more frontier model developers disclose similar incidents, the security industry needs to closely consider how agents impact reachability within test environments. You also do not have to run evaluation harnesses for this to be your problem. Any workload that executes code behind an egress list has the same structure: CI runners, hosted sandboxes, and network-reachable tool servers. Most of those allowlists were built to stop data leaving, but that is now not the only thing they need to stop.
Why allowlists extend reachability
When building an allowlist, you typically consider what a workload needs to contact and weigh each entry by what data could leave through it.
OpenAI’s agent revealed a blind spot for this typical process. The package proxy the agent accessed is a service: it authenticates callers, runs software with vulnerabilities, and talks to the public internet. While the sandbox could not reach the internet, the agent gained access to the package proxy, which did.
An allowlist hands your AI workload the reach of any destination it can take over.
How OpenAI’s model escaped
To escape, OpenAI’s agent identified two zero-day vulnerabilities in the package proxy on its allowlist with a very large payoff.
The first flaw was a server-side request forgery flaw that let the agent ask the proxy to fetch arbitrary URLs on its behalf. In OpenAI's Black Hat presentation, the model's reasoning at that moment reads "excellent, we have arbitrary SSRF." The sandbox borrowed the proxy’s internet connection.
The second flaw was a privilege escalation. CVE-2026-65616 (CVSS 8.8) causes a package proxy's refresh-token endpoint to issue new tokens without validating token signatures. These tokens carry their scope as a claim rather than the server looking it up, so once the signature goes unverified the claim is whatever the caller says.
In this case, the caller was the agent, which extended the access of its read-scoped token within the sandbox by editing its claim to administrative. It then submitted the token for refresh to the package proxy which returned an administrator-scoped token. As a result, the agent could act with administrator permission instead of its original read-only permission.
The agents worked as a group to break out. Together, they explored the one service they could reach until they found a way to make it fetch on their behalf, then shared the method so other agents could use it too. One agent noted that external exploitation was outside the scope of its instructions, but continued anyway.
Hugging Face and OpenAI also put the proxy compromise inside roughly the first half hour of the sandbox test despite the elusive nature of the vulnerabilities. Remember, these were zero-days, so the agent could not reference a CVE or advisory. The package proxy is also closed-source, and its code was never in the agent’s training set.
Why the model escaped
We now know why the agent went after the proxy. It was stuck on its evaluation task, and OpenAI's presentation shows the model reasoning "perhaps answer online" before looking for a way out. Frontier models are rewarded for solving tasks quickly, so a stuck model looks for shortcuts, and OpenAI normally closes that one by disabling internet access.
There are still open questions about the agent's behavior, including everything the agent did during its four-day intrusion and what it did once it gained access to the internet. What we do know is that this agent revealed, in practical terms, that we must make some new considerations as we build test environments for security-capable, autonomous AI.
How to reduce risk across AI test environments
If you’re building sandboxes for AI agents, here are four ways to reduce your risk and limit reachability:
Block the routes a build client never uses. A build client only downloads files. It has no reason to call the proxy's admin API, its configuration routes, or its token-refresh route, which swaps an expiring token for a new one and is the route that was abused in this incident.
Restrict what the proxy itself can reach. The agent got out because the proxy could reach the whole internet, so anyone controlling the proxy could too. Limit the proxy’s outbound connections to the registries it actually serves.
Monitor the proxy. A proxy serving a build-fleet is monotonous, with short connections, small downloads, and requests that mostly succeed. Consider alerting on anything that doesn’t follow that pattern, such as connections that stay open, data moving outward in bulk, a run of requests for packages that are not there, and any call to an admin route.
Treat untrusted workloads as internet-facing. If an untrusted workload can reach an internal service, treat that service as internet-facing. Anything that compromises the workload can reach it too. We looked at the same question for CI runners earlier this year, where the untrusted code runs in a pipeline rather than an agent sandbox.
Cyber-capable models require new sandbox considerations
A sandbox is a list of things the workload inside it can talk to, and everything on that list brings its own reach with it. When a workload is a build job that doesn’t matter, but it does when agents widen that list in ways allowlist designs never anticipated.
Beyond evaluation harnesses, agentic workloads are also moving into CI, production automation, and into tooling that interacts with internal services. Each of those has a list with similar properties and structure. As models get better at finding and chaining flaws, the reach on those lists extends what agents can impact.
OpenAI observes that these agents remain "bounded by the privileges they can obtain and the systems they can communicate with," so existing controls still work.
What must change is how carefully we draw those lists to minimize reachability.
Find more articles from the Threat Research team on our Security Labs site.
Alexandria Ocasio-Cortez says she’s freezing her eggs. But barriers remain for many Americans. | Bill Clark/CQ Roll Call/Getty Images
Over the weekend, Rep. Alexandria Ocasio-Cortez (D-NY) announced on Instagram that she had joined the thousands of American women who freeze their eggs every year, a number that has been steadily growing for the past decade.
“This is a choice that I am making to feel more in control of my life,” Ocasio-Cortez said in her Instagram story sharing her decision.
As politicians in the public eye often do, Ocasio-Cortez turned her personal choice into a statement:
Usually I keep my private life quite private, but I have made the decision to start freezing my eggs, and I want to share this because I was weighing it for a very long time. I was saving for it for a very long time, and there just isn’t a ton out there, I feel, and sometimes it can feel very daunting. As women in general, we are not taught about our own bodies. We are not prepared for our own lives. … We need to show more depictions of women having full lives.
At the same time, she acknowledged being “in a very privileged position” to be able to take advantage of egg freezing. The process still typically costs $10,000 or more — and most insurance still doesn’t cover it. Not even AOC’s federal health plan. Egg freezing is a luxury afforded only to the people who can pay for it and take on the significant burden of the treatment and all of the uncertainty that comes with it.
Ocasio-Cortez’s announcement underscores the awkward place that egg freezing still occupies in the landscape of fertility access — at a moment when Republicans in power are lamenting falling birth rates and searching for ways to encourage more people to start families. In theory, egg freezing gives women the flexibility to take more control of their decisions about having kids and preserve that possibility for themselves in the future. But in reality, the promises of this important procedure have often been unfulfilled.
Beyond the intimidating price tag, as AOC alluded to, many young women don’t know some of the basics about age-related fertility decline and how to maximize their chances that egg freezing will lead to an actual pregnancy. There are some “significant gaps in fertility knowledge amongst Gen Z women in particular,” said Danielle Melfi, CEO of Resolve, a fertility treatment advocacy group.
“That points to why someone like AOC who has such broad awareness and broad reach across her channels,” Melfi told me, “specifically younger people who aren’t tuned into any politician but would be tuned into her. Her sharing her story and journey matters.”
Egg freezing is not a panacea, and it never will be. But it can give individuals options and a sense of empowerment. And right now, as AOC acknowledged in her video, those are privileges reserved for the people who are in the know and have the means to take advantage of it. For everyone else, significant barriers still remain.
Freezing time doesn’t come cheap — or easily
On average, the cost of egg freezing averages between $10,000 and $20,000. And, for most people, including AOC, who makes $174,000 a year on her congressional salary alone, health insurance coverage is not an option. According to a 2024 KFF employer survey, just 12 percent of large employers who offer health insurance provide egg or sperm freezing.
That’s not for lack of trying.
As of now, 21 states have mandates requiring health insurers to provide some level of coverage for “fertility preservation” when it is deemed medically necessary — for a younger cancer patient who is about to undergo chemotherapy, for example, a more and more common scenario these days. But coverage for what is viewed as elective freezing, as AOC is doing, is still generally not included in those requirements.
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But even the state-level mandates come with a huge carveout. Under America’s Frankenstein healthcare system, there is a very important type of health insurance plan that is exempt from such state laws: self-funded employer plans, meaning those that fully cover their workers’ medical expenses without relying on an outside insurance company. They are governed only by a federal law known as the Employee Retirement Income Security Act, and that law provides no guarantees for egg freezing or other reproductive care.
About half of Americans get their insurance through their work, and of those employer plans, more than 60 percent are self-funded. That is a lot of people who have no guarantees for this kind of service, even when a serious medical reason is motivating them to freeze their eggs. The select few who can get egg freezing covered are typically higher-income, too, adding to the disparity between the US healthcare system’s haves and have-nots.
Support for IVF among the American public has been rising, with 70 percent saying in 2024 that access to IVF was a good thing. And fertility coverage is having a political moment, too: the HOPE With Fertility Services Act, which would require insurers to cover some basic fertility treatment when it is deemed medically necessary, was introduced this year with a bipartisan slate of more than 20 sponsors, though it remains stuck at the committee level for now. The Trump administration has fixated on dropping fertility rates, but, beyond a limited IVF executive order, they have not seriously pursued plans to expand access to egg freezing. A national mandate to cover egg freezing, even only when medically necessary, could end up being opposed by both health insurers (which have fought all kinds of benefit requirements in the past) and the religious right (which has specifically challenged mandates for reproductive healthcare, like the Affordable Care Act’s contraceptive mandate).
It will likely take a variety of policy changes to give people more financial support for this important but expensive service. So what now? Unfortunately, I think we are stuck with patchy coverage and can expect only incremental improvements for the foreseeable future. On the plus side, Melfi said, more employers may increasingly offer these benefits as a competitive advantage.
But access isn’t the only problem.
Egg freezing works best when people actually know how to take advantage of it
Even if a person is able to access egg freezing, it doesn’t always pay off.
A study published in the American Journal of Obstetrics and Gynecology in February found that fewer than 6 percent of people who froze their eggs electively had come back to thaw them within five to seven years. Of those people, 79 percent had a usable embryo after warming and 29 percent had a pregnancy that resulted in a live birth.
How to improve your chances with egg freezing
Talk with your doctor about your reproductive health.
Consider asking your doctor for a blood test to measure your ovarian reserves.
If you decide to move ahead, check the SART database to find a high-quality fertility clinic. You can explore that here.
Of course, just because some people haven’t warmed their eggs within seven years doesn’t mean they won’t come back in nine: The point of this service is you could freeze your eggs at 30 even if you’re not ready for kids until you are 40. Those numbers will likely grow with time. And some of those people might end up successfully getting pregnant on their own the old-fashioned way, which means they won’t need their frozen eggs at all.
“Typically, people who are coming in to freeze their eggs haven’t actually tried to conceive yet. When they are ready to start conceiving, a lot of people may not have any issues conceiving,” said Dr. Mabel Lee, a reproductive endocrinologist and infertility specialist at HRC Fertility in Pasadena, California who led the published study.
What is true is that getting pregnant is difficult no matter how you go about it — even conceiving through intercourse only results in a 20 to 25 percent success rate on a given try, Lee said — and success with frozen eggs depends on how young the person was when their eggs were preserved: The younger they are, the higher the chances of success. That makes it all the more important that people — particularly younger people — know about the realities of egg freezing and how to make the most of it, whether they are spending thousands of dollars of their own money or whether they are using insurance to pay for it. Awareness among young people of the basic relationship between age and fertility remains discouragingly low. Lee said she has patients come in all the time who say they wish they had known more about egg freezing sooner.
The likelihood of a live birth may go up if the eggs were younger, but is that enough to convince someone in their mid-20s to pay out of pocket to freeze their eggs? In the midst of an affordability crisis, is that even an option? It might not be; in the meantime, Lee said women could get a blood test to measure their ovarian reserves, which estimates a person’s egg count, and use that to make an informed decision about egg freezing in consultation with their doctor.
Once you have decided to freeze your eggs, using a high-quality clinic is a must: That’s the other major variable in success, Lee told me. The Society for Assisted Reproductive Technology maintains a national database covering clinics across the country and tracking birth success rates and other metrics. It’s like a report card of sorts, so you can hopefully choose the best provider for you.
There are still no guarantees. Fertility is too fickle. But by improving access and raising awareness, there are clear steps we can take to try to maximize egg freezing’s potential.
This July was the hottest month ever recorded in United States history. Last month’s average temperature was 3.3°F (1.8°C) higher than the 20th century average for the contiguous United States, according to new data from the National Oceanic and Atmospheric Administration. This was the warmest July—and warmest month—in the 132-year record, 0.1–0.2°F warmer than the previous records seenduring the Dust Bowl in July 1936 and in July 2012.
The reality of this extreme heat was experienced through three separate heat dome events, with several states, including Idaho, Utah, and Montana setting all time temperature records on July 12. Salt Lake City, UT, saw temperatures reach 109°F, while in Montana, Billings saw temperatures reach 111°F and Miles City 115°F. Wyoming recorded its warmest July and warmest month on record.
Extreme heat wasn’t the only notable climate event Americans were dealing with. Wildfires in eastern Oregon burned through 140,000 acres, forcing thousands of residents to evacuate. Federal fire resources were stretched thin as other fires burned in Colorado, Washington, and beyond.
The smoke from the blazes, coupled with fires in neighboring Canada, worsened air quality for millions across the country. By mid-July, Chicago was reporting the worst air quality in the world.
Though the month ranked as the third driest July of the 132-year record, with about 48.5% of the contiguous U.S. in drought, mid-month flash floods in Central Texas along the Guadalupe River brought over 28 inches of rainfall. The floods killed two people in the same area which saw catastrophic flooding over last year’s July 4th weekend.
The month showed just how varied the impacts of climate change can be. Residents in Texas and Oregon saw their homes damaged or destroyed by flooding or fire, while those in the Midwest found themselves digging out N95 masks to walk their pets or commute to work while facing some of the worst particulate air quality the region has seen in over 25 years. Many others found creative ways to take respite from the heat—seeking shade in tree-lined streets or cooling off in fire hydrants and lakes alike. Here’s what it was like to live through the hottest month on record.
A fire helicopter drops water during sunset on vegetation area as crews battle wildfire named as 'Little Fire' in Sunol, Alameda County, Calif. on July 21, 2026. —Tayfun Coskun—Anadolu/Getty ImagesAmid Colorado's historic drought and record low snowpack a home with a brown lawn sits next to a home with a green lawn in Denver, Colo., on July 24, 2026. —Michael Ciaglo—The Washington Post/Getty ImagesPeople cool off along the lakefront as temperatures topped 90 degrees in Chicago, Ill., on June 29, 2026. An extreme heat warning for the city was extended through July 3. —Scott Olson—Getty ImagesA plumes of smoke from the Camp Fire hangs in the air on Moose Lake as multiple wildfires burning in the Boundary Waters Canoe Area Wilderness prompted its closure and evacuation in Ely, Minn., on July 14, 2026. —Anthony Soufflé—The Minnesota Star Tribune/Getty ImagesDebris is piled on Mill Dam road after heavy rain caused flooding in Comfort, Texas, on July 16, 2026. —Aaron E. Martinez—The Austin American-Statesman/Getty ImagesPeople clean out a flooded building on in Kerrville, Texas, on July 16, 2026, —San Antonio Express-News/Hearst Newspapers/Getty ImagesPeople jump on water-soaked pavement around an open fire hydrant at sunset during a heat wave in the Hamilton Heights neighborhood of the Manhattan borough of New York City on July 2, 2026. —Charly Triballeau—AFP/Getty ImagesA home is covered in fire retardant dropped by firefighters during the Old Trails Fire in Spokane, Wash., on Aug. 4, 2026—the aftermath of July's Spokane fire. —Josh Edelson—AFP/Getty ImagesChildren play near breaking waves on West End Pier on Lake Pontchartrain as Tropical Storm Bertha approaches the Louisiana Coast in New Orleans on July 22, 2026. —Gerald Herbert—APSmoke from wildfires in Canada shrouds the view north to midtown Manhattan, seen from the 86th-floor observation deck of the Empire State Building before sunset on July 15, 2026. —Gary Hershorn—Getty ImagesBill Dozier, left, and Sharon Dozier sit on their flooded front porch as they talk with their grandson, Skylor Dozier, who lives in a trailer on their property along North Camp Street in Uvalde on July 16, 2026. —Sam Owens—San Antonio Express-News/Getty ImagesFirefighters burn off vegetation while trying to stop a wildfire called the Bench Fire from spreading in Warm Springs, Ore., on July 25, 2026. —Noah Berger—APPeople watch a worker creating sand berms to protect beachfront homes from Pacific Ocean high surf in Long Beach, Calif., on July 30, 2026. —Mario Tama—Getty ImagesA person assess flood damage near the banks of the Guadalupe River in Kerrville, Texas, on July 17, 2026. —Brandon Bell—Getty ImagesA firefighter cools off with a bottle of water after responding to a fire during a heat wave in Georgetown, Mass., on July 2, 2026. —Erin Clark—The Boston Globe/Getty ImagesPeople watch a brush fire near Centre Pointe Parkway in Santa Clarita on July 15, 2026. —Hans Gutknecht—MediaNews Group/Los Angeles Daily News/Getty ImagesAn attendee of the Great American State Fair sits in the shade during high temperatures on the National Mall in Washington, D.C., on July 4, 2026. —Pete Kiehart—Bloomberg/Getty ImagesSmoke spreads across the sky as the Little Fire grows in size near Pleasanton, Calif., on July 21, 2026. —Brontë Wittpenn—San Francisco Chronicle/Getty Images
The agency that polices the industry does not have the staffing, the legal tools or the will to broadly crack down on wagers that are easily manipulated, experts say.
Beijing may be benefiting from the war in Iran and Trump's tariffs and has an edge in the competition for tech supremacy. The New Yorker's Evan Osnos discusses his story "The Future, Made in China."
Move by National Oceanic and Atmospheric Administration is latest government rollback of climate science activity
The Trump administration has pulled its support for an annual report on the environmental changes across the Arctic, a region that is already heating up four times faster than the global average due to the climate crisis.
On Tuesday, Kim Doster, the communications director of the National Oceanic and Atmospheric Administration (Noaa), said the federal agency was withdrawing its support for the Arctic Report Card, which has provided environmental updates on the region to scientists and the public since 2006.
Organisers says new rule will ensure contest provides ‘safe and welcoming environment’ for participants
Broadcasters will no longer be eligible to host the Eurovision song contest if their state is involved in an “armed conflict” or “sensitive geopolitical situation”.
Eurovision is traditionally hosted by the previous year’s winner’s broadcaster, with next year’s show due to take place in Bulgaria after the singer Dara’s victory for the country in May.
A couple from Mesa, Arizona, was arrested for allegedly stealing thousands of dollars worth of library books and reselling some of them to a local bookstore.
Собрал в одном месте ссылки на разделы сайта PVS-Studio, касающиеся вопросов разработки безопасного ПО, соответствующих ГОСТ-ов, сертификации ФСТЭК и смежных тем. Это поможет быстро найти нужный раздел о PVS-Studio в контексте информационной безопасности.
Kennedy Center had sued Chuck Redd for canceling Christmas Eve concert after Trump renamed institution
A superior court judge in Washington DC has ordered the Kennedy Center to pay more than $250,000 to a musician who canceled a performance at the arts center after the White House announced that Donald Trump’s name would be added to the venue.
Judge Tanya Jones Bosier ordered the Kennedy Center on Monday to pay $252,479.70 in legal fees and costs to attorneys for musician Chuck Redd within 45 days.
US envoy had claimed Americans could be extracting crude by as early as next year
Greenland authorities have forced a US oil company connected to Donald Trump to postpone drilling wells in the Arctic territory, defying claims by the US president’s envoy that Americans could be extracting crude by next year.
Amid Trump’s imperialist threats, tensions have been rising on Greenland’s eastern coast after the oil company brought drilling equipment ashore in July without permission, drawing a “strong warning” from the government.
Kyaw Zwar Minn was ousted for declaring loyalty to Aung San Suu Kyi after 2021 coup but refused to leave his home
Myanmar’s ousted ambassador to the UK has gone on trial on trespassing charges for refusing to leave a diplomatic residence after being unceremoniously locked out of the embassy in 2021.
Shortly after Myanmar’s military seized power in 2021, triggering mass protests that spiralled into a civil war, Kyaw Zwar Minn was locked out of the embassy for declaring his loyalty to the deposed civilian leader Aung San Suu Kyi.
Сегодня мы выпускаем Grok 4.6. Новая версия развивает возможности Grok 4.5, уделяя особое внимание долго работающим агентам, а также более сложным интерактивным и визуальным задачам.
Grok 4.6 лучше справляется с комплексными задачами, требующими множества последовательных шагов: от исследования темы и анализа информации до работы с большой кодовой базой и превращения идеи в полноценное, отполированное приложение или готовый рабочий материал.
Grok 4.6 демонстрирует передовой уровень возможностей в ряде бенчмарков, оценивающих агентное программирование и интеллектуальные рабочие задачи. В Artificial Analysis Intelligence Index — сводном рейтинге, объединяющем результаты девяти бенчмарков, — модель показывает результат на уровне GPT-5.6 Sol.
Celebrity blogger was hospitalized for a mental health crisis after he harmed himself during live stream
The mother of the celebrity blogger Perez Hilton is seeking temporary custody of his three children after he was hospitalized during a mental health crisis at his south Florida home last week.
Court documents filed in Miami-Dade county and seen by multiple news outlets, including Miami’s NBC 6, show the request for custody was made by 48-year-old Hilton’s mother.
Suit alleges subscription offer aims to sell privileged access to information generated in president’s official capacity
Donald Trump has been sued after a subscription service charging up to $100,000 a month for early access to his posts on his Truth Social platform sparked allegations of corruption.
The lawsuit, filed in the US district court for the southern district of New York, was brought by the Intercept and the Freedom of the Press Foundation against Trump, two of his aides and the executive office of the president.
The modest decline could ease pressure on the Federal Reserve to raise their key interest rate to combat rising costs. Yet prices are still rising more quickly than average wages, underscoring the struggle many Americans have had with more expensive groceries, gas, and healthcare.
Celebrity blogger was hospitalized for a mental health crisis after he harmed himself during live stream
The mother of the celebrity blogger Perez Hilton is seeking temporary custody of his three children after he was hospitalized during a mental health crisis at his south Florida home last week.
Court documents filed in Miami-Dade county and seen by multiple news outlets, including Miami’s NBC 6, show the request for custody was made by 48-year-old Hilton’s mother.
PSG get the ball rolling. Or rather sailing, as they hoof it into the stand, rugby style, as is their wont. “I’m glad that Omar Artan will get a chance to do what he does best, after being denied entry to the GWC,” writes Peter Oh. “Never mind the ‘104 Super Bowls’, here comes the Super Cup!”
The teams are out! PSG in their first-choice blue and red, Villa in a very light blue that’s almost white, which, it says here, “pays rich tribute to the famous stadium’s Holte End, drawing inspiration from the iconic mosaic that greets loyal fans as they file into the stand.” We’ll be off in a minute!
A cheap currency helps finance the US tech boom. Washington is intervening because allies matter only when they are useful
Japan’s yen has slid back towards 160 to the dollar, despite last month’s extraordinary US-Japanese intervention. Traders are betting that its role as a cheap funding pipeline for global finance will continue. Earlier this month the Trump administration stepped in to help Tokyo stabilise its currency. “Japan’s been very good to us, with the exception, of course, of Pearl Harbor,” Donald Trump explained. More help is likely to be on its way.
But this is less a rescue of the yen than an attempt by Scott Bessent, the US treasury secretary, to preserve a cash spigot that benefits the US. Japan’s ultra-cheap money has become a global funding utility: bankers borrow yen, sell them for dollars and buy higher-returning US assets, notably tech shares. Rising American stock markets support collateral and investment. Japan’s “carry trade” is one of the reasons Wall Street can lever hundreds of billions into AI. Research suggests AI sucks up more than 1% of US GDP.
Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here.
Jose Mourinho is back at Real Madrid 13 years after leaving the club. But can the 63-year-old recapture the success of his first spell and deliver trophies at the Bernabeu? BBC Sport speaks to those who know Mourinho and Real Madrid best to assess whether his second stint can be a success.
At Ai4, three of the world's most respected AI experts — Geoffrey Hinton, Fei-Fei Li, and Andrew Ng — debated regulation, open source access, and how America can compete as China advances in Asia.
Myles Lewis-Skelly's long-term future at Arsenal has been debated since he slipped down the pecking order last season - will he stay with the Gunners with interest reportedly shown elsewhere?
К релизу Browser Policy Manager 0.9.5 подготовлен документационный портал: четыре руководства на шести языках, локальный поиск, контекстная помощь из интерфейса и фундамент для будущего безопасного RAG-помощника. Рассказываю, как он устроен и почему документация здесь — часть безопасной работы с политиками Firefox.
