Global News

Valve announced a plan to prevent scalpers from using bots to purchase the upcoming Steam Machine, addressing a major concern for PC gaming hardware launches.

Investor Michael Burry, famous for correctly predicting the 2008 financial crisis, warned on Monday that the stock market has “jumped the shark,” suggesting the current rally may be unsustainable. Burry’s comments come as investors weigh geopolitical risks against market momentum. Middle East tensions continue to escalate, with the Iran conflict driving energy prices higher, while US stocks have maintained their upward trajectory. Burry rose to prominence for his prescient shorting of mortgage-backed securities before the 2008 subprime crisis, a story dramatized in the film “The Big Short.” He has long been skeptical of overvalued markets. ...

South Africa’s president has unequivocally refused to resign following an impeachment motion, deepening the country’s political crisis. The opposition coalition previously filed the impeachment petition, alleging constitutional violations. The decision has intensified tensions within the ruling coalition, with opposition groups calling for mass protests. South Africa’s Constitutional Court may need to rule on the validity of the impeachment proceedings in the coming weeks. Analysts warn that political uncertainty could negatively impact South Africa’s economy, with the rand already showing volatility. The international community is closely monitoring developments, with several African leaders expressing hope for stability. ...

The US Supreme Court on Monday issued an emergency order temporarily allowing Alabama to implement a new congressional map that eliminates a district currently held by a Black Democrat, reversing a lower court injunction. The 11th-hour decision directly impacts the 2026 election cycle. Alabama’s Republican-led legislature had pushed to redraw congressional districts, which a federal district court struck down as a violation of the Voting Rights Act. The Supreme Court’s emergency stay drew sharp criticism from civil rights groups. ...

Comprehensive global news briefing covering geopolitics, AI & tech, finance, and politics.

Comprehensive global news briefing covering AI/tech, geopolitics, finance, and crypto.