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Australian defence force expands space workforce as new specialist training centre unveiled
theguardian61d ago

Australian defence force expands space workforce as new specialist training centre unveiled

Expansion of space operations comes as ADF entering ‘most challenging strategic environment since second world war’, minister saysGet our breaking news email, free app or daily news podcastAustralian defence force recruits are being asked to aim for the stars, with two new positions advertised in defence’s space command.Applicants were invited to apply directly for the two space specialist roles – an operations officer to plan and support missions, and an operations specialist with knowledge of equipment. Continue reading...

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These US states want polluters to pay for the rising insurance costs of climate disasters
theguardian61d ago

These US states want polluters to pay for the rising insurance costs of climate disasters

Proposals by California, Hawaii and New York lawmakers aim to hold fossil fuel industry accountable for soaring ratesAs climate disasters drive up the price of home insurance, three US states are considering empowering their state prosecutors to sue major polluters for their role in those rising costs.Lawmakers in California, Hawaii and New York have introduced measures which would authorize their attorneys general to sue fossil fuel companies on behalf of residents whose insurance premiums have soared amid climate disasters. Continue reading...

#ECONOMY
Al-Jadaan: Emerging economies are now major engine of global growth
saudigazette61d ago

Al-Jadaan: Emerging economies are now major engine of global growth

ALULA — Saudi Minister of Finance Mohammed Al-Jadaan said that emerging economies have become a major engine of global growth. Speaking at the opening session of the 2026 AlUla Conference for Emerging Market Economies, he underscored the importance of exchanging practical experiences and developing realistic policies to address mounting economic challenges.Al-Jadaan highlighted that emerging and developing economies now account for nearly 60 percent of global GDP at purchasing power parity and more than 70 percent of global growth, with their share of the global economy having doubled since 2000. He added that the ten emerging economies within the G20 alone currently contribute more than half of global growth. The minister noted that the Kingdom’s hosting of this conference, in partnership with the International Monetary Fund, comes at a time of profound transformation in the global economy. Al-Jadaan affirmed that the Kingdom’s experience over the past decade has yielded three key lessons. The first is that macroeconomic stability is not a constraint on growth but its essential foundation. The second is that a sound financial framework, clear medium-term fundamentals, and disciplined debt management create the necessary space for investment and reform, particularly amid volatile international conditions.Al-Jadaan elaborated that structural reforms do not deliver results unless institutions possess the capacity to implement them effectively. He emphasized that political credibility is built through execution rather than plans alone, and through strong governance, transparency, and the ability to translate strategies into tangible outcomes.The third lesson, he noted, is that international cooperation has become increasingly vital in a fragmented global landscape. In this context, he stressed that multilateral institutions, effective oversight mechanisms, and global financial safety nets are critical to supporting emerging and developing economies in the face of recurring shocks.The finance minister also pointed to the increasingly complex and fragmented environment confronting these economies, marked by rising debt levels, slowing trade growth, and heightened vulnerability to geopolitical shocks. More than half of low-income countries, he noted, are either experiencing debt distress or at risk of it, while global trade growth has declined to roughly half its level during the COVID-19 pandemic. At the same time, capital flows remain volatile and highly sensitive to global monetary conditions.Al-Jadaan stressed that these challenges are not merely cyclical, but reflect deeper structural shifts that demand credible and coordinated policy responses—above all, responses tailored to the specific circumstances of each country. He emphasized that the objective of the conference is not to issue declarations, but to exchange practical experiences, prioritize implementation, and address real constraints, while recognizing the diversity of emerging economies and avoiding a one-size-fits-all approach.The minister noted that partnerships with multilateral institutions, particularly the International Monetary Fund and the World Bank Group, constitute a central pillar—not only as providers of financing of last resort, but also as trusted advisors, facilitators of dialogue, and custodians of global economic cooperation. He urged participants to engage with candor, adopt a forward-looking perspective, and remain focused on solutions, expressing his hope that the discussions at the AlUla Conference would help shape both collective and national responses to the rapidly evolving challenges facing the global economy.It is worthy to note that the second edition of the 2026 AlUla Conference for Emerging Markets Economies is organized jointly by the Ministry of Finance and the International Monetary Fund. The conference brings together finance ministers, central bank governors, and economic policymakers from around the world. The conference is taking place amid fundamental transformations in international trade and financial systems. Discussions will focus on the challenges of slowing growth, rising uncertainty, and mounting pressures on emerging market economies.

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Will X get a native AI video editor? Product head Nikita Bier responds
startupnews61d ago

Will X get a native AI video editor? Product head Nikita Bier responds

Artificial intelligence is rapidly compressing product development timelines, and even seasoned tech leaders are feeling the shift. Nikita Bier, head of product at X, revealed that he was able to prototype a fully functional video editor into X just 15 minutes using AI tools, a task he initially believed would require months of engineering effort. [...]

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Samsung Galaxy S26 Ultra: Game-Changing AI, But at What Cost?
geeky_gadgets61d ago

Samsung Galaxy S26 Ultra: Game-Changing AI, But at What Cost?

The Galaxy S26 Ultra represents a significant leap forward in smartphone technology, showcasing remarkable advancements in artificial intelligence (AI) and camera performance. However, it also introduces a contentious limitation in wireless charging that could divide user opinions. Alongside this flagship device, Samsung is unveiling the Galaxy Buds 4 and Buds 4 Pro, which bring notable [...]The post Samsung Galaxy S26 Ultra: Game-Changing AI, But at What Cost? appeared first on Geeky Gadgets.

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