Author: OMN AI

Gold and silver prices fell sharply as investors rushed to sell positions that had pushed metals to historic highs. Losses accelerated on Monday following a heavy sell-off on Friday, marking a sudden reversal in market sentiment. In Asian trading, spot gold dropped more than nine percent to around $4,403 per ounce. Silver slid roughly 15 percent to below $72 per ounce. Both metals had surged earlier this year amid rising geopolitical uncertainty. Nomination of new Fed chair calms markets The rally had reflected concerns over geopolitics and uncertainty about US monetary policy. Investors also feared political influence over the Federal…

The Chartered Institute of Procurement and Supply warned that soaring shipping costs could push up consumer prices in 2026.CIPS said growing transport, energy, and raw material costs are straining global supply chains.Procurement teams reported the highest disruption concerns in two years.Shipping and logistics saw the sharpest increases, with 22% reporting costs up more than 10%.Prices for computers, transport equipment, and electrical machinery also rose sharply.CIPS said volatility now looks permanent rather than a short-term shock.Rising freight rates between Asia, the US, and Europe add inflation pressure.Geopolitical tensions and US trade policies under Donald Trump are worsening instability.

Carlos Alcaraz won a thrilling Australian Open final and became the youngest man to complete a career Grand Slam at 22. He denied Novak Djokovic a record 25th major title. Alcaraz collapsed on the court after sealing a 2-6 6-2 6-3 7-5 victory. The Melbourne crowd celebrated a moment that could define the next era of men’s tennis. Sportsmanship defines the historic finale Djokovic showed class despite the defeat. He climbed over the net and embraced Alcaraz as applause filled Rod Laver Arena. The Serbian champion acknowledged the magnitude of the moment. He knows chances to further strengthen his legacy…

President Donald Trump said the United States has begun talking with Cuban leaders, even as his administration intensifies economic pressure on the island by cutting off key oil supplies and targeting countries that help keep Cuba fueled. Speaking to reporters Saturday night while flying to Florida, Trump offered few details about the talks but said simply, “We’re starting to talk to Cuba.” Oil Cuts Used as Leverage Trump suggested recent US actions are designed to push Cuba toward negotiations. In recent weeks, his administration moved to block oil shipments from Venezuela and Mexico, steps he said would leave Havana with…

United Nations Secretary-General Antonio Guterres has issued a blunt warning to member states, saying the organisation is on the brink of a serious financial crisis and could run out of money as early as July unless countries urgently pay what they owe. In a letter sent on Friday, Guterres said the UN’s finances are under growing strain because some nations are failing to pay their mandatory contributions in full or on time, forcing the organisation into hiring freezes and budget cuts. Mounting Unpaid Bills and Structural Risks Guterres said the UN’s financial problems have become chronic. By the end of…

West Ham United banned a season-ticket holder for five matches after he held up an anti-board banner.Joshua Wood received a letter accusing him of breaching stadium rules by handling an oversized banner during the Sunderland game.The banner read “Time 2 Sell – Name Your Price” and targeted owners David Sullivan and Karren Brady.West Ham said the ban related to banner size, not its message.Wood denied bringing the banner into the stadium and plans to appeal the decision.

A Swedish trial found AI-supported breast screening cut later cancer diagnoses by 12% and improved early detection.Researchers studied 100,000 women using AI-assisted mammography between 2021 and 2022.The system helped radiologists prioritise high-risk scans and flag suspicious findings.More cancers were detected during screening, with fewer aggressive tumours identified later.The study, published in The Lancet, suggests AI can safely support radiologists.Experts from Cancer Research UK urged careful rollout and further trials.Breast Cancer Now said AI could improve and save lives if properly evaluated.

Donald Trump warned that doing business with China posed serious risks for the UK as Sir Keir Starmer arrived in Shanghai. The prime minister reached the city on the third day of his official visit to China. Trump reacted to agreements aimed at expanding trade and investment between Britain and China. Officials announced those deals after Sir Keir met President Xi Jinping in Beijing. Trump made the remarks while attending a documentary premiere about his wife, Melania, on Thursday. He described Xi as a friend and said he knew the Chinese president very well. Trump offered no further explanation of…

Hong Kong’s government has pushed back strongly against a decision by Panama’s highest court to strike down a concession that allowed CK Hutchison to operate ports at both ends of the Panama Canal, warning the move could undermine international business confidence. In a statement issued Friday, the government said it “strongly disapproves of and firmly rejects” the ruling, arguing that it unfairly harms the legitimate interests of Hong Kong companies. It also criticized what it described as the use of coercive or unreasonable measures by foreign governments in economic and trade relations. Court Ruling Raises Geopolitical Stakes Panama’s Supreme Court…

Google DeepMind launched AlphaGenome, an AI tool that predicts how DNA mutations drive disease.The system analyses up to one million DNA letters at once.AlphaGenome shows how mutations alter gene control across different cells and tissues.Researchers trained the model using human and mouse genetics databases.Scientists say it could speed up discovery of cancer drivers and inherited disorders.Experts believe the tool may also support future gene and precision therapies.