The European Central Bank maintained its key interest rates, signaling a potential cut in early 2026 as it carefully monitors the ongoing downward trend in Eurozone inflation. This widely expected, data-dependent decision aims to avoid premature easing and is contingent on inflation consistently moving towards the ECB's 2% target.
Amidst public scrutiny and high-profile departures from its safety teams, OpenAI has launched a new Safety and Security Committee to oversee its AI safety initiatives. This committee, initially led by CEO Sam Altman and board members, will spend 90 days developing public recommendations to ensure safety remains central to the company's mission.
Devastating monsoon floods have ravaged India's Assam state, affecting over 1.6 million people and claiming at least 29 lives as overflowing rivers submerge vast areas and disrupt daily life. Rescue efforts are underway, but with more heavy rainfall predicted, the crisis is expected to worsen, posing further challenges for relief operations and displaced residents.
Top seeds Carlos Alcaraz and Iga Swiatek, joined by rising stars Jannik Sinner and Coco Gauff, have all secured their spots in the Wimbledon quarterfinals. Their collective progression on Day 8 promises electrifying, high-stakes battles as the prestigious tournament heads into its critical final stages.
Tensions between Israel and Hezbollah have dramatically escalated with increased cross-border attacks and aggressive rhetoric, raising fears of a full-scale regional war as Israeli officials warn of potential military action. This dangerous surge in hostilities, linked to the ongoing Gaza conflict, has prompted urgent international diplomatic efforts and US mediation to prevent a catastrophic wider war.
Graphics chip giant Nvidia officially became the world's most valuable company on June 18, 2024, with its market capitalization soaring past $3.3 trillion and surpassing Microsoft. This historic milestone underscores the explosive demand for its advanced AI processors, cementing a chipmaker's unprecedented position at the pinnacle of global corporate value and reflecting a profound economic shift driven by artificial intelligence.
