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OMN AI
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Economy Showing Resilience The US Federal Reserve has paused its interest rate cuts, keeping the key rate at roughly 3.6% after three reductions last year. Officials highlighted that the job market has stabilized and economic growth is now considered “solid,” up from last month’s “modest” assessment. With hiring steady and no signs of a slowdown, the Fed sees little reason to move rates lower immediately. Inflation Remains a Watchpoint While further rate cuts are expected later in the year, most policymakers want to see inflation closer to the 2% target before acting. The Fed’s preferred inflation measure came in at…
Amazon revealed a fresh round of global job cuts after workers received an email sent in error. Employees at Amazon Web Services saw a draft message stating staff in the US, Canada, and Costa Rica had already been informed. The email, signed by senior executive Colleen Aubrey, described the layoffs as “Project Dawn.” Amazon previously announced 14,000 corporate cuts and continues efforts to reduce pandemic-era hiring. Chief executive Andy Jassy has warned AI could replace some roles. The news followed similar job cut plans by United Parcel Service, which is reducing its reliance on Amazon deliveries.
Lawmakers Urge EU to Unlock Fusion Potential MEPs from the European People’s Party are pressing the EU to treat nuclear fusion as more than just a research project. In a declaration released Tuesday, they urged the European Commission to create a clear and predictable regulatory framework that would encourage private investment in fusion energy. During a public hearing in the European Parliament, lawmakers highlighted the huge costs associated with developing fusion and emphasized that political backing is now essential to move the technology toward deployment. “Fusion has reached a turning point. European industrial capability and private investments are converging toward…
Scientists launched DinoTracker, an AI app that identifies dinosaurs from ancient footprints with about 90% expert-level accuracy.Researchers from University of Edinburgh trained the system using 2,000 unlabeled footprint silhouettes.The AI groups prints by shared shape features, including toe spread, heel position, and ground contact.Users can upload footprints, compare similar tracks, and test how shape changes affect results.The team reported findings in Proceedings of the National Academy of Sciences.Results support earlier observations that some ancient tracks look strikingly birdlike.Scientists caution the tracks likely came from birdlike dinosaurs, not true early birds.
A landmark court case over alleged social media addiction begins Tuesday in California. Senior technology executives are expected to testify. The trial could reshape legal accountability for digital platforms. The plaintiff is a 19-year-old woman known as KGM. She argues platform algorithms caused addiction and damaged her mental health. She says the designs encouraged compulsive use during her teenage years. The defendants include Meta, owner of Instagram and Facebook, TikTok owner ByteDance, and YouTube parent Google. Snapchat reached a settlement with the plaintiff last week. The remaining companies now face trial. The case will unfold at Los Angeles Superior Court.…
The SEC agreed to dismiss its lawsuit against the Winklevoss twins’ crypto exchange after investors fully recovered their assets.Regulators cited the complete return of funds to Gemini Earn investors through the Genesis bankruptcy process in 2024.The decision reflects a broader shift toward crypto-friendly regulation under President Donald Trump.In 2023, the SEC accused Gemini and Genesis of illegally selling securities through a crypto lending program.Genesis froze accounts in 2022 but later returned customer assets in full.Gemini also paid a $50m settlement to New York regulators and accepted a state lending ban.
Eight Nations Greenlit for SAFE Funding The European Commission has approved defence investment plans from eight EU countries under the Security Action for Europe (SAFE) programme, part of the broader Readiness 2030 initiative. Estonia, Greece, Italy, Latvia, Lithuania, Poland, Slovakia and Finland will access a combined €74 billion in loans, with Poland alone requesting €43.7 billion. SAFE is designed to strengthen Europe’s military capabilities ahead of 2030, a timeline by which intelligence agencies warn Russia could threaten another European nation. This marks the second round of funding approvals, following €38 billion granted to Belgium, Bulgaria, Denmark, Spain, Croatia, Cyprus, Portugal…
Gold prices climbed above $5,000 (£3,659) an ounce for the first time ever, extending a historic surge. The metal has risen more than 60% during 2025, marking an exceptional rally. The move reflects mounting geopolitical and financial tensions. Disputes between the United States and Nato over Greenland have unsettled investors. Markets have also reacted to broader fears about global stability. US President Donald Trump has amplified concerns through hardline trade policies. He recently threatened a 100% tariff on Canada. The warning targets any Canadian trade agreement with China. Investors rush into traditional safe havens Investors often buy gold during periods…
The World Bank Group has officially launched its first office in Doha, marking a new stage in its partnership with Qatar and reinforcing the country’s growing influence in international development and finance. The office was inaugurated on Sunday and is set to serve as a regional centre for cooperation between the World Bank Group and Qatari institutions. Its work will focus on development financing, mobilising private investment and supporting countries dealing with conflict and economic fragility. The office is hosted at the Qatar Fund for Development (QFFD) headquarters, in coordination with the Ministry of Finance. At the opening ceremony, World…
Coca-Cola has launched legal action against Vue after the cinema chain ended their 25-year partnership and moved to PepsiCo.The dispute centres on alleged unpaid debts following the contract’s termination, though Vue says the amount was under £100,000.Vue claims the issue has now been resolved, with no money outstanding and the winding-up petition withdrawn.