Once the AI bubble pops, we’ll all suffer. Could that be better than letting it grow unabated?

The world will be pushed into a recession, but perhaps we can build something more promising from the pieces The world economy hinges on the success or failure of artificial intelligence. It’s becoming apparent that we are probably doomed either way. Employment growth is stuck and wage growth is slowing, especially among low-paying jobs. Loan … Read more

Trump pardons founder of Binance, world’s largest crypto exchange

Changpeng Zhao pleaded guilty to failing to stop money laundering in 2023 and was sentenced to four months Donald Trump issued a pardon for the founder of the world’s largest cryptocurrency exchange on Thursday. “President Trump exercised his constitutional authority by issuing a pardon for Mr Zhao, who was prosecuted by the Biden administration in … Read more

Amazon reveals cause of AWS outage that took everything from banks to smart beds offline

AWS explains in a lengthy post how a bug in automation software brought down thousands of sites and applications Amazon has revealed the cause of this week’s hours-long AWS outage, which took everything from Signal to smart beds offline, was a bug in automation software that had widespread consequences. In a lengthy outline of the … Read more

Plain rice and little else: life for 120,000 refugees inside Mauritania’s vast camp on Mali’s border

Over a quarter of a million refugees live in Mbera and nearby villages, and more than half are under 18. But aid cuts mean providing essentials has become even harder Several mornings a week, Mohamed ‘Momo’ Ag Malha walks at least 7 miles (11km) around the vast Mbera refugee camp in south-eastern Mauritania that has … Read more

UK’s biggest weapons firm BAE grounds ‘lifeline’ aircraft delivering food aid

Exclusive: In the year they announced record profits, Britain’s arms maker has revoked licence to fly for planes taking supplies of food to starving people in South Sudan, Somalia and DRC Britain’s biggest weapons manufacturer, BAE Systems, has quietly scrapped support for a fleet of aircraft providing “life-saving” humanitarian aid to some of the world’s … Read more

Labor needs to bow to Liberals or Greens or its environment law revamp is dead

Albanese government will need to make major concessions to pass promised federal nature laws as Liberals attack ‘nature positive 2.0’ The Albanese government will need to cough up major concessions to either the Coalition or the Greens to have any hope of overhauling federal nature laws after the two parties ruled out supporting the current … Read more

They have disabilities, pensions and get little support. They’re also among thousands rejected by the NDIS each year

Disabled people and their advocates are exhausted and frustrated but say it’s worth fighting for a system that ‘really does change lives’ Scott Hallett, 49, has that country stoicism. He’ll tell you that, at any point in time, his legs will stop working and he’ll collapse – but it’s not that bad. He’ll tell you … Read more

Thousands detained as Myanmar military raids notorious KK park scam compound

Myanmar’s military moved in to tackle a major online scam operation near the Thailand border, state media reported Myanmar’s military has raided a major online scam operation near the border with Thailand, detaining more than 2,000 people and seizing dozens of Starlink satellite internet terminals, state media has reported. According to a report in Monday’s … Read more