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System Shock

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    Luxury units uncovered inside Indonesian prison●Watch: Luxury units uncovered inside an Indonesian prison https://www.bbc.co.uk/news/videos/c6vgy293vvp3o?at_medium=RSS&MmastodonWorldCrime12 d ago

    Authorities in Indonesia have discovered luxury units built inside a prison, according to BBC News footage of the find. The cells reportedly feature upscale fittings far beyond standard detention conditions, raising questions about how inmates obtained such privileges and who allowed the construction. The discovery has drawn attention to corruption and lax oversight within the country's prison system.

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    Trump's Iran war exposes fragility of dirty energy●Trump the environmentalist? How his Iran war exposed the fragility of dirty energy✉newsWar1 h ago

    Analysis in the Guardian examines the environmental and economic fallout of Trump's war with Iran, arguing the conflict revealed how vulnerable oil-dependent energy systems are to military and geopolitical shocks. It asks, partly ironically, whether Trump's actions inadvertently strengthened the case for renewables by highlighting the risks of fossil fuels.

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    Analysts warn that the spread of artificial intelligence across global supply chains is increasing the risk of systemic contagion. As production networks become more interconnected and dependent on automated systems, a disruption in one node could rapidly propagate through entire sectors. The debate is drawing attention in Italy, where experts are weighing how firms can manage the growing interdependence of AI-driven supply chains.

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    Rome metro fare dodger threatens ticket inspectors●Italy: Never shown in news! He wants to go by metro in Rome without ticket: "I have no money, do not touch me, Fxxk you,𝕏xIT7193 min ago

    A man attempted to travel on the Rome metro without a ticket and reacted aggressively when confronted, saying he had no money, refusing to be touched and hurling insults and threats at staff. Footage of the incident is circulating widely in Italy, with commenters criticising both the fare evasion and the lack of enforcement, and noting such scenes rarely make the news.

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    Bank of England governor warns AI boom could trigger market shocks▼AI boom could trigger market shocks, Bank of England boss warns https://www.bbc.co.uk/news/articles/cv8e30enrkxyo?at_medMmastodonBusinessFinance43 h ago

    The Governor of the Bank of England has warned that the rapid surge in investment around artificial intelligence could lead to sudden shocks in financial markets. He cautioned that soaring valuations of AI-related companies may prove vulnerable to sharp corrections, and that regulators and investors should be alert to the risks building up in the financial system as enthusiasm for the technology keeps growing.

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    NSW approves largest coalmine in state history●The green light for the largest coalmine in NSW history is shocking proof that our governance systems are betraying AustMmastodonEnvironmentEnergy1452 min ago

    New South Wales' Independent Planning Commission has approved what is being called the largest coalmine in the state's history, in the Hunter Valley. Writing in Guardian Australia, Lock the Gate campaigner Georgina Woods calls the decision shocking proof that Australia's governance systems are betraying Australians and the world amid the climate crisis, and critics say the approval ignores published planning reasons and climate impacts.

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    UK climate minister warns El Niño threatens global food system●Our food system is vulnerable to El Niño, warns the UK’s climate minister. A record El Niño climate phase will unleash uMmastodonLifeFood62 d ago

    The UK's climate minister has warned that a record El Niño climate phase will bring unprecedented heat and extreme weather, leaving the UK food system vulnerable. Extreme weather could damage harvests worldwide, and the minister argues the answer lies in more localised food production to reduce reliance on global supply chains.

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    Local food systems seen as key to community resilience●Strong local food systems can help communities become more resilient to disruptions. Supporting local farmers, markets,MmastodonLifeFood56 min ago

    Advocates are highlighting how strong local food systems can help communities withstand supply chain disruptions. The argument is that supporting local farmers, markets, processors, storage facilities and transport networks keeps food moving, creates livelihoods and reduces vulnerability to shocks. The message is being shared widely as interest grows in food security and resilience against global disruptions.

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    RBA Warns of Global AI Investment Shock Risk●⚡ NEWS Reserve Bank of Australia Warns of Global AI Investment Shock Risk The Reserve Bank of Australia's latest financiMmastodonBusinessMarkets97 h ago

    The Reserve Bank of Australia's latest financial stability review warns that Australia remains vulnerable to a potential shock from the global surge in artificial intelligence investment, even though local households are holding up against higher interest rates and falling property prices. The assessment suggests a sharp correction in AI-related markets abroad could spill over into the Australian economy and financial system.

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    Bank of England Puts Tech Capex on Macro Risk Map●When central bankers start tracking your corporate debt issuance alongside energy shocks and sovereign bond volatility,MmastodonBusinessFinance41 d ago

    The Bank of England's Financial Policy Committee published the record of its quarterly policy meeting on Wednesday, discussing corporate debt issuance tied to technology investment alongside energy shocks and sovereign bond volatility. Observers say the move signals that large-scale tech capital spending has become a macroeconomic concern in its own right, placing corporate borrowing for technology squarely within the central bank's financial stability monitoring.

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    RetroSpace reviewed as a sprawling sci-fi immersive sim▼RetroSpace offers a huge sci-fi playground for inquisitive space janitors, but I'm not that System Shocked by the t… InMmastodonCultureGaming11 h ago

    A new review of RetroSpace, a sci-fi game casting players as janitors exploring a vast space station, is drawing attention from gamers. The reviewer praises its huge, curiosity-driven playground and playful nods to the immersive sim genre, while expressing mild disappointment with elements that feel overly familiar compared to classics like System Shock.

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    This week in PC games: Ace Combat, Transport Fever 3 and more●This week in PC games: new Ace Combat, Transport Fever 3, and a System Shock-alike set on a disco space station Happy thMmastodonCultureGaming215 h ago

    This week's PC gaming news roundup highlights announcements including a new Ace Combat entry, Transport Fever 3, and an immersive-sim style game inspired by System Shock, set aboard a disco-themed space station. The roundup also touches on ongoing debate within videogame journalism, with the writer noting frustrations about returning from holiday to find industry arguments still dominating the conversation.

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    Experts weigh imbalances and currency risks in global finance●Changing structure and challenges of the international financial system: Imbalances, currencies, and financial stability✉newsBusinessFinance1 d ago

    New analysis from the Centre for Economic Policy Research examines how the international financial system is changing, focusing on persistent global imbalances, the shifting role of major currencies, and threats to financial stability. It argues that structural shifts in capital flows and reserve currency dynamics are creating new policy challenges. Economists are being urged to rethink how the system can be made more resilient to future shocks.