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AI investment boom built on debt poses growing risk to financial stability, Bank of England warns

The Bank of England has warned that the global race to build artificial intelligence infrastructure is increasingly being fuelled by debt, creating a growing risk to financial stability if the current AI boom turns into a market correction. Governor Andrew Bailey said valuations of AI-driven technology companies were now approaching levels last seen during the dotcom bubble in the US, and levels not seen since the financial crisis in the UK and EU. The Bank’s...

When Payments Cross Borders, The Checkout Needs To Keep Its Nerve

Selling beyond your home market sounds simple until real customers start paying in currencies your system barely understands. A smooth global checkout relies on more than showing the right symbol or converting a total at the last second. It depends on tools that read regional habits, manage shifting rates and keep the payment step feeling familiar no matter where the shopper sits. When those pieces line up, the process feels effortless. When they do not,...

US Institute of Peace officially renamed for Trump as White House moves to dismantle agency: ‘Congratulations’

The U.S. Institute of Peace has been formally rebranded as the Donald J. Trump Institute of Peace, marking the latest step in the president’s months-long effort to dismantle the congressionally created agency. The name change comes after a turbulent year for the organization, which the Trump administration has sought to shut down while shifting its authority to the Department of Government Efficiency (DOGE). The institute has been fighting the move in federal court, but layoffs...

Comer accuses Oversight Dems of ‘cherry-picking’ Epstein Island files: ‘Chasing headlines’

House Oversight Committee Chairman James Comer, R-Ky., is accusing Democrats on his panel of selectively releasing information related to Jeffrey Epstein. It came hours after committee Democrats released photos and videos capturing what they called ‘never-before-seen’ views of Epstein’s private compound in the U.S. Virgin Islands. But Comer told Fox News Digital that many of those images published by Democrats were already released by Project Veritas founder James O’Keefe, now the head of O’Keefe Media...

Trump backs release of second Caribbean strike footage as scrutiny over ops intensifies

President Donald Trump is on board with releasing the video footage of the second strike targeting an alleged drug boat on Sept. 2.  The Trump administration is currently facing heightened scrutiny for its strikes against alleged drug smugglers in the Caribbean, amid confirmation from the White House that the U.S. military conducted a second strike against one of the vessels after the first strike left survivors.  Trump shared footage of the first strike, and said...

Patel, Bongino defend tenures, saying FBI ‘operating exactly as the country expects’

FBI Director Kash Patel and Deputy Director Dan Bongino pushed back against a blistering report from an alliance of active-duty and retired FBI personnel that portrayed the bureau as directionless under its new leadership, defending sweeping reforms they say have delivered major gains in accountability and public safety. ‘When the director and I moved forward with these reforms, we expected some noise from the small circle of disgruntled former agents still loyal to the old...

How Asif Sheikh Built a 30-Year Career Through Steady Leadership

Asif Sheikh grew up in Chicago, surrounded by the steady rhythm of a working-class city. That environment shaped how he saw responsibility, teamwork, and long-term commitment. He often says that growing up in Chicago taught him the value of “showing up every day and doing the work, even when nobody is watching.” That mindset would later guide his entire career. Asif didn’t take a traditional path through business school. Instead, he strengthened his education over...

IG finds Hegseth’s use of Signal for Houthi strike planning risked harm to US mission and pilots, sources say

Secretary of War Pete Hegseth ‘created risks to operational security’ by sharing sensitive details about Houthi strikes over Signal, a new Pentagon inspector general report determined, according to sources familiar with the report.  His actions ‘could have resulted in failed US mission objectives and potential harm to US pilots,’ one source familiar with the report said.  Fox News has reached out to the Pentagon for comment.  A classified version of the report has been handed...

Epstein island compound seen in new photos released by House Dems

Democrats from the House Committee on Oversight and Government Reform announced Wednesday that they have ‘received never-before-seen photos and videos of Jeffrey Epstein’s private island that are a harrowing look behind Epstein’s closed doors.’ ‘See for yourself. We won’t stop fighting until we end this cover-up and deliver justice for the survivors,’ Oversight Dems wrote on X. ‘This production is in response to an Oversight Committee request to the U.S. Virgin Islands Department of Justice...

Labour suspends MP Markus Campbell-Savours for defying party over inheritance tax raid on farmers

Labour has suspended one of its own MPs after he broke ranks to vote against the party’s contentious inheritance tax changes for farmers, deepening internal divisions over the reforms and fuelling anger in rural communities. Markus Campbell-Savours, the MP for Penrith and Solway, was the only Labour member to oppose the measure in the Commons on Tuesday night. The proposal – part of the Budget resolutions – passed comfortably by 327 votes to 182, but...