ISRAEL - Hamas terrorists have shattered the hard-won peace deal orchestrated by President Trump this morning as they have resumed the organization’s ultimate goal: wiping the nation of Israel off the map. Israel revealed to Fox News on Sunday morning that Hamas launched “several attacks” against their forces in violation of the peace deal brokered by Trump. In response, the Jewish State responded with strikes in the north and south of the Gaza Strip. In the end, it’s not shocking that the Islamist terror group refused to keep its word. The ultimate goal for them is the complete destruction of the Jewish State.

UK - Steep borrowing costs that would once have seemed laughable are now bleak reality for the UK. Soaring debt. Social unrest. Rising inflation. These aren’t just the hallmarks of a developing economy. They are the trends defining Britain today. It wasn’t always this way. In fact, 20 years ago, the UK actually had the lowest debt among the G7 rich club of nations. Inflation was low, wages were rising, and a steadily expanding economy meant everyone felt better off. What has happened since is threatening to tear Britain’s social fabric apart. The global financial crisis inflicted a deep wound on the economy. Productivity – the key ingredient to rising living standards – retreated. The pandemic subsequently created a cultural dependency on the state that spawned a surge in worklessness, leaving Britain’s employees to pick up an ever-growing bill.

UK - From railways to dial-up modems, speculators have often confused new technology with guaranteed profits, only to find the future arrives more slowly than the hype funding it. As the AI gold rush accelerates, investors are becoming jittery. The IMF’s chief economist has drawn parallels to the dotcom bubble of the early 2000s, in which $5 trillion was wiped from the market. The Bank of England warns of a “sudden correction”, and 54 per cent of fund managers surveyed by the Bank of America now think AI stocks are in a bubble. Does the data suggest it’s true? The S&P 500 index has become a handful of tech giants with 495 other companies attached: virtually all of this year’s growth has come from Nvidia, Microsoft, Alphabet, Amazon and Meta. Spending on data centres alone is estimated to be responsible for nearly half of US GDP growth. A market correction of some sort looks likely: there are plenty of overhyped businesses loosely connected to AI whose stock price has soared.

USA - OpenAI on track for $1.3 trillion payouts while losing $8 billion a year, AI bubble grows wilder by the day. I have a question. OpenAI is supposedly on the hook to pay the circle jerk crew $1,300,000,000,000 over the next few years. Meanwhile, their operating revenue is negative $8,000,000,000. How do they even cover that gap? OpenAI is bleeding $8 billion. Revenue $4.3 billion in the first half of 2025. Losses $7.8 billion. That is R&D, marketing, stock compensation. They are hustling every revenue stream they can think of, from AI shopping tools to video creation via Sora to AI agents. More debt, more data centers, all to keep this fantasy alive.

UK - It is clear that one of the most pro-growth measures the Government could take would be to stop its rush towards net zero by 2050, and instead to reconsider its policy entirely. The supposed economic benefits are disintegrating in the face of reality, and the costs appear to be rising on a near-continuous basis. Earlier this week electricity suppliers warned that green levies are set to increase household energy bills by £300 per year. Even if the wholesale price of electricity halves, this would still be a net rise of £150. Now we learn that the supposed “clean energy jobs boom” promised by Energy Secretary Ed Miliband is to be achieved in large part by rebranding plumbers, electricians and welders as “clean energy workers”. Jürgen Maier, the boss of GB Energy, meanwhile, believes it could take 20 years to create the 1,000 jobs at its Scottish headquarters promised by Sir Keir Starmer.

CANADA - Canada has euthanized around 90,000 people since Prime Minister Justin Trudeau’s Liberal government legalized so-called “Medical Assistance in Dying” (MAID) in 2016, a watchdog has revealed. The death toll was exposed in shocking new data published by the Euthanasia Prevention Coalition (EPC). EPC Executive Director Alex Schadenberg revealed the grim total, citing government data and projected 2025 figures. “There were around 16,500 Canadian euthanasia deaths in 2024, representing 5% of all deaths,” Schadenberg declared. “There have been around 90,000 Canadian euthanasia deaths since legalization.”

USA - When silver surged to multi-year highs, veteran bullion dealer Andy Schectman didn’t see just another price move — he saw a rupture in the foundation of the global metals market. In a wide-ranging interview last week, Schectman argued that what’s happening now represents the physical market finally “calling the bluff” of decades of paper manipulation. “I’ve never seen anything like this,” he began, emphasizing that this was not mere volatility. Backwardation… shows extreme delivery stress… It’s the market exposing the shortages of physical silver, the frailty of the paper promises.” For Schectman, “backwardation” — when spot prices exceed futures prices — isn’t just a technical quirk. It’s the alarm bell that the supply of real metal is running thin. He believes the era when investors could comfortably rely on “paper silver” derivatives is ending.

ISRAEL - If anyone thought that the return to their homes of the 20 living Israeli hostages meant the end of Israel’s October 7 war, they can’t have been paying attention. US President Donald Trump himself said repeatedly that the war had ended. Then he noticed that, true to form, Hamas was reneging on aspects of his own 20-point ceasefire deal. In particular, it has failed to return all of the bodies of the hostages it murdered and has also refused to disarm. Instead, it instantly started to kill its enemies among Gaza’s clans to show that it was not defeated and still able to control the population. How this will play out is currently unclear. Trump has said, “If they don’t disarm, we will disarm them.” What “we” presumably means in this context is that the Israelis will be permitted to finish them off — thus making the adulation Trump has received for “ending the war” from all those prime ministers and presidents lining up to grovel at his feet in Sharm-el-Sheikh look distinctly premature.

UK - Government debt is at a record high – worth almost 100 percent of GDP in the UK and 120 percent in the US. In Britain, in particular, high inflation is an issue, unemployment is rising and interest rates remain stubbornly high. The big fear with markets now is if investors get jittery about a crash and start offloading their shareholdings, the panic-selling could be exacerbated in an unprecedented way by AI and computer algorithms that act automatically. Brummer warned of an ‘unstoppable tsunami' being unleashed – hence his warnings of potential collateral damage to the wider economy – and said the world economy and markets were now ‘teetering on a precipice’.

UK - With every day that passes, fears of a steep global stock market correction (crash) accentuate. Of course, the doomsters predicting such market carnage could all be wrong. But the drums signalling a meltdown are currently beating loudly and as one – probably as noisily as they did ahead of the dotcom bubble that burst in March 2000. The army of drummers is expanding every day. Bank of England Governor Andrew Bailey is now openly talking about a likely ‘disorderly adjustment’ to stock markets. In other words, a market correction. Meanwhile, the financial bigwigs at the International Monetary Fund (IMF) believe some company valuations are ‘quite stretched’. If one of these companies was to publish results way below market expectations, the IMF warns that investment sentiment could deteriorate, ‘valuations would collapse as result, making the broader benchmark index vulnerable’.

UK - King Charles and Queen Camilla are set to meet the new Pope Leo during a trip to the Vatican next week - and Buckingham Palace has announced fresh details about the historic visit. Both Charles, who is still receiving cancer treatment, and Queen Camilla are set to meet Pope Leo XIV in a two-day state visit to the Holy See next Wednesday. It will be the first time that Charles, head of the Church of England, has met the new American-born head of the Roman Catholic Church since his election in May. And in a significant move, the pair will pray together during a special service in the famous Sistine Chapel, marking the first time that the monarch and Pope have done so publicly since the Reformation. It was in 1534 that Henry VIII broke from the Roman Catholic Church to form the Church of England, with the monarch as its supreme head.

UK - The unity of the Church of England has been dealt a major blow to the denomination in a punishing reminder that theological treason has consequences, after a group representing nearly 40 million members — ten times the number of Anglicans in the UK — announced they are the real Anglican Communion and will no longer be in communion with their progressive counterpart, dividing the denomination in two while declaring “We cannot continue to have communion with those who advocate the revisionist agenda, which has abandoned the inerrant word of God as the final authority.” Over the past two decades, the denomination has been liberalizing at a rapid rate, recently appointing Sarah Mullally, a pro-choice feminist as the new Archbishop of Canterbury and allowing the church to bless same-sex couples, with a major contingent pushing the church to deem homosexuality no longer sinful.

USA - Large parts of the US government will begin closing down on Wednesday after Congress failed to pass a funding bill by midnight. Hundreds of thousands of federal workers will be placed on unpaid leave and others will have to report for work without pay until an agreement can be reached in Congress. Russ Vought, director of the White House budget office, instructed agencies to “execute their plans for an orderly shutdown” after a Republican stop-gap measure to fund the government for another seven weeks was blocked by Democrats in the Senate, falling five votes short. A Democratic proposal, that would have kept the government open until the end of October while spending $1 trillion to reverse cuts to healthcare programmes, also failed in the Senate. The shutdown, the first in seven years, could lead to 750,000 federal employees being furloughed for as long as it lasts, according to the Congressional Budget Office, with more being temporarily set aside the longer it persists.

UK - Government debt is at a record high – worth almost 100 percent of GDP in the UK and 120 percent in the US. In Britain, in particular, high inflation is an issue, unemployment is rising and interest rates remain stubbornly high. The big fear with markets now is if investors get jittery about a crash and start offloading their shareholdings, the panic-selling could be exacerbated in an unprecedented way by AI and computer algorithms that act automatically. Brummer warned of an ‘unstoppable tsunami' being unleashed – hence his warnings of potential collateral damage to the wider economy – and said the world economy and markets were now ‘teetering on a precipice’.

PHILIPPINES - The 6.9-magnitude quake has destroyed buildings and left hundreds injured, overwhelming hospitals on the island of Cebu. The death toll from an earthquake in the Philippines has risen to at least 69 as injured patients overwhelm hospitals on the central island of Cebu. Injured children cried and adults screamed while being treated on beds beneath blue tents outside the Cebu Provincial Hospital, having been wheeled out of the building as a precaution against aftershocks overnight. They are survivors of the shallow quake of 6.9 magnitude that struck late on Tuesday off Cebu island’s northern end, near Bogo, a city of 90,000 people, according to the US Geological Survey.