TechThe AI gold rush has a dress code: steel-toe boots
The AI race is creating winners beyond chipmakers, including sellers of cowboy boots.
The AI race is creating winners beyond chipmakers, including sellers of cowboy boots.
AI debt and Treasuries are, at best, imperfect substitutes.
Real Madrid narrowly beat Elche 3-2 on Matchday 6 of La Liga, with Kylian Mbappé scoring once and providing an assist.

Omar Yassine, 50, has been charged with stalking and intimidation after allegedly hurling Islamophobic insults at a 13-year-old Muslim schoolgirl on a Sydney bus. A court refused bail, after which Yassine repeatedly interrupted proceedings and berated the judge as he was taken to the cells.

China called on the United States to stop expanding its military presence in outer space after Washington acknowledged having weapons deployed in orbit. Chinese state media warned that the move could drive a global arms race.
China is opening the 134km Pinglu Canal in Guangxi, linking the Xijiang River with the Beibu Gulf. The waterway is designed to shorten shipping routes from southwest China to Southeast Asia by about 560km, lower logistics costs and stimulate trade and industry along the corridor.

US Representative Thomas Massie is forcing fellow Republicans to vote on whether to impeach Defense Secretary Pete Hegseth over the US war on Iran. A recent poll found that fewer than one-third of Americans support the war.


Republican Representative Thomas Massie read articles of impeachment against Defence Secretary Pete Hegseth in the House, accusing him of waging war without congressional approval, carrying out extrajudicial killings and disregarding civilian casualties. A vote may come within days but is unlikely to succeed in the Republican-majority chamber.
EU chief Ursula von der Leyen is due to deliver the annual State of the Union address before the European Parliament in Strasbourg on Wednesday as the bloc faces several crises, including migration, artificial intelligence, climate change and Russia’s war on Ukraine. FRANCE 24 will broadcast it live at 9am Paris time (GMT+2).

The Saudi-led coalition said its air defenses intercepted and destroyed a Houthi-deployed drone just outside Mecca, calling the security of the holy sites a “red line.” The Houthis rejected the allegation as a “worn-out lie,” while the Organization of Islamic Cooperation condemned the reported attack.

Saudi air defenses destroyed a Houthi drone south of Mecca before it could enter prohibited airspace over the holy city, a spokesperson for the Saudi-led coalition fighting in Yemen said on Wednesday, as conflict spreads across the Middle East.

Saudi Arabia says its air defenses intercepted and destroyed a Houthi drone south of Mecca on Tuesday, while the Iran-aligned rebels denied launching the attack. Several explosions were also heard on Qeshm Island near the Strait of Hormuz.

Saudi Arabia’s air defences intercepted and destroyed a Houthi drone south of Mecca before it entered the holy city’s prohibited airspace, according to the Saudi-led coalition. Its spokesperson said the security of Islam’s two holiest sites and pilgrims was a “red line”. The Houthis denied targeting Mecca, while the Organisation of Islamic Cooperation condemned the attack.
The Organisation of Islamic Cooperation condemned what it called “heinous” Houthi attacks targeting the Mecca and Medina region.

Saudi Arabia says its air defences intercepted and destroyed a Houthi-launched drone before it entered Mecca’s restricted airspace. The coalition called the incident an attempt to frighten worshippers and harm civilians, declaring the security of the holy mosques and pilgrims a “red line”. The Houthis deny threatening Mecca or other Islamic holy sites.

The Saudi-led coalition says it intercepted a Houthi drone heading toward Mecca, Islam’s holiest city, and declared the country’s holy cities a “red line.”
Saudi air defences intercepted and destroyed a Houthi drone south of Mecca on Tuesday before it could enter prohibited airspace over the holy city, a spokesperson for the Saudi-led coalition fighting Yemen’s Iran-aligned Houthis said.
Queensland Premier David Crisafulli says Anthropic has leased the site of its first Australian datacentre at a planned digital park near Dalby. Zerra DC will build the facility, which is expected to open next year at a reported cost of A$31.9bn and connect to the Braemar power station. Crisafulli called the project a major win for jobs and the state’s grid.

China’s railway fixed-asset investment totaled 511.8 billion yuan ($76.3 billion) in the first eight months of 2026, up 1.5% year on year, China State Railway Group said. Major projects also progressed, including the August opening of the Wenling-Yuhuan section of the Hangzhou-Taizhou High-Speed Railway, cutting the fastest trip to 1 hour and 47 minutes.
A new study found that the human respiratory system is highly sensitive to short-term changes in fine particulate matter, even in relatively clean urban environments, with increased air pollution taking a toll on sleep.
An NBCLA NewsChopper4 helicopter crashed in Chatsworth, suburban Los Angeles, while covering a deadly bus collision. Two people aboard and one person on the ground died, while two others were taken to hospital. The crash fire spread to four vehicles and two storage containers; the NTSB will lead the investigation.


An NBC Los Angeles news helicopter crashed in Chatsworth while providing aerial coverage of a deadly collision involving a metro bus and another vehicle. At least three people, including someone on the ground, were killed and one person was hospitalized. The cause is under investigation.

A helicopter from NBC Los Angeles crashed while covering a fatal bus accident, killing three people. Los Angeles Mayor Karen Bass offered prayers to the victims’ families and loved ones. The bus crash involved an L.A. Metro bus and a passenger vehicle, killing two people and injuring others.

A news helicopter covering a deadly bus crash in Los Angeles’ Chatsworth neighborhood crashed on Tuesday, killing three people, including a pedestrian.
A helicopter crash in Los Angeles killed at least three people. It happened near the site of a separate deadly bus accident, but it was not immediately clear whether the two incidents were connected.
Officials say a news helicopter crashed Tuesday night in a commercial area of a Los Angeles suburb, killing at least three people.
At least three people were killed and another was injured when a helicopter crashed in Los Angeles, California. The helicopter reportedly belonged to a local media outlet, while the cause remains unknown. It came down near the site of a major traffic accident.
Three people were pronounced dead at the scene after a helicopter crashed in Los Angeles, the Los Angeles Fire Department said in a social media post on Tuesday.
A helicopter crashed in Los Angeles on Tuesday, killing at least one person near the site of a deadly bus crash, officials said.

A helicopter went down Tuesday evening in Los Angeles’ Chatsworth community, killing one person who appeared to have been on the ground, fire officials said.

A helicopter crashed in Chatsworth, a suburban neighborhood of Los Angeles, killing one person. The crash occurred near the site of an earlier fatal bus crash.
Political scientist Alexander Protsenko says Donald Trump’s demand that Ukraine stop attacks on Russian oil facilities, which he claimed could cause global diesel shortages, signals dissatisfaction with Vladimir Zelensky. Protsenko argues the remark was electoral rhetoric meant to shift blame for rising US fuel prices, while saying the real cause of the shortage was the US conflict with Iran.

Three of Russia’s six main diesel-producing refineries halted or sharply reduced operations in September after Ukrainian drone attacks, Reuters reported. The strikes have worsened Russia’s domestic fuel crisis, contributing to export bans, higher prices and sales restrictions. Kirishi shut down fully, while NORSI and Volgograd were operating at roughly a quarter of capacity.
Eurozone households have invested hundreds of billions of euros in US technology. Analysts say Europe has the money and promising companies, but too few of them are accessible investments for ordinary savers.
US senators are seeking a report on violence in the occupied West Bank and deaths of Americans.

Japanese automaker Nissan said on Wednesday that it will produce a new small hybrid SUV for the European market at its Sunderland plant in the UK. The company plans to invest £170 million ($229 million) to assemble the vehicle there.
At least 10 Palestinians have died and up to 70 are believed to be missing after a building collapsed in Gaza City. The structure had been damaged in an earlier Israeli air strike.


A multi-storey residential building collapsed overnight in western Gaza City, reportedly trapping six families beneath the rubble. Rescue crews and residents dug by hand and pulled out children and other survivors, while casualties remained unclear. Local media said the building had previously been damaged by an Israeli bombing and left structurally unsafe.
Japan recorded its biggest rise in imports in nearly four years in August as higher oil prices increased energy costs. Exports grew for a 12th straight month, supported by resilient demand related to semiconductors, government data showed Wednesday.
The 10-year Treasury yield has climbed to its highest level since 2007, driving borrowing costs further into territory that could expose some of the financial system’s weakest links.

Victorian Premier Ben Carroll says a re-elected Labor government will give police and protective services officers power to randomly stop and search people for knives with handheld metal detectors, adopting Queensland’s Jack’s Law. Criminologists and human rights advocates say there is little evidence the policy reduces violence and warn it could enable unchecked targeting of marginalised groups.

The Ocean Way music festival has been cancelled after a hurricane linked to El Niño eroded the beach. It is not the first festival to be affected by climate change.
A morning roundup of the most important stories from Europe and beyond on September 16, 2026, covering world news, business, entertainment, politics, culture and travel.
New research suggests that travellers are more inclined to break their everyday routines while away, from staying up later than intended to buying things they would normally see as unnecessary.
New research says the Bank of England and Britain’s financial system were deeply involved for centuries in enslaving and trafficking millions of Africans. Historians found that 24 bank directors and at least 30 founding subscribers invested in the trade, with slave-trade wealth forming part of the bank’s initial capital.

Global Witness says 124 people defending forests, rivers and land were killed in 2025, at a rate of one every three days, with 85% of the deaths in Latin America. As organised crime, drug trafficking and environmental crimes encroach on Indigenous territories, more communities are creating their own self-defence groups.

The Bank of England faces three balance sheet problems involving its Issue Department.
New Zealand’s superannuation fund grew 14% despite being underweight on US technology stocks, but it expects equities to pull back.
U.S. military personnel and FBI agents boarded an oil tanker headed for Texas on August 21 to investigate a cyberattack, Bloomberg News reported, citing the U.S. Coast Guard.
British Prime Minister Andy Burnham is expected to meet US President Donald Trump in person for the first time on September 22 on the sidelines of the UN General Assembly in New York, The Times reports. They are expected to discuss Ukraine, the Middle East and energy, while Burnham has said he hopes European leaders can persuade Trump to provide Kyiv with Patriot air-defense missiles.
British Prime Minister Andy Burnham is expected to meet U.S. President Donald Trump for the first time next week in New York, The Times reported Tuesday, citing a source.
With a 25-basis-point Federal Reserve rate increase at Thursday’s meeting now seen as 92% likely, investors are weighing whether it would be a one-off move or the start of a new tightening cycle. They are also preparing for a highly likely increase in Japanese borrowing costs that could jolt capital flows.

Alex Saab, an ally of Maduro, pleaded guilty to money laundering in a US court. Under the agreement, he will cooperate with ongoing federal investigations and surrender $195 million, or about €168.9 million, derived from the corruption scheme.

Colombian-Venezuelan businessman Alex Saab, a close ally of former Venezuelan President Nicolas Maduro, pleaded guilty in US federal court to conspiring to launder money from a bribery and fraud scheme. He admitted using bribes, shell companies and false records to win contracts tied to Venezuela’s CLAP welfare programme and agreed to forfeit $195m and cooperate with investigators.
A stale route on a Teraswitch edge router knocked validators representing nearly 29% of Solana’s stake offline on Aug. 12. The chain kept producing blocks, but skipped slots rose, throughput plunged, and finality was delayed for about half an hour before connectivity returned.

Gold prices edged higher on Wednesday as oil prices eased and markets turned their attention to the U.S. Federal Reserve’s policy decision. A rate hike was largely priced in.
The US administration is preparing a roughly $2.8 billion sale of 2,000-pound bombs to Israel, The Washington Post reported, citing sources. The package would include 40,000 bombs and 20,000 penetrator warheads, and would be carried out through the Foreign Military Financing mechanism.

The Trump administration is preparing a $2.8bn package of 907kg bombs for Israel, including 40,000 munitions and warheads designed to hit hardened underground structures. The proposed sale has drawn criticism over Israel’s use of similar bombs in Gaza and Lebanon, while some US lawmakers say they will seek to block it.
Belarus is concentrating forces near its borders with Poland and Lithuania for a military exercise. Minsk says there is no reason for concern, while the Belarusian Defence Ministry calls the drills “purely defensive.”
Donald Trump has attacked Anthropic CEO Dario Amodei for urging a slowdown in AI development, yet both agree that China must be prevented from catching up with the US. Turning that shared objective into practice remains difficult.
As the conflict continues, the U.S. House has voted for a third time to end the war in Iran. It approved a war powers resolution late Tuesday aimed at stopping President Donald Trump from continuing military action without congressional approval.
The US House voted 220-204 for a resolution urging President Donald Trump to end military operations against Iran. The nonbinding measure is only a recommendation. The report says the US and Israel began the war on February 28, while Washington resumed massive strikes on July 8, accusing Tehran of violating agreements concerning the Strait of Hormuz.
The House approved a measure requiring President Donald Trump to end his war with Iran. The vote delivered a potent political rebuke of the administration’s handling of the conflict just weeks before the midterm elections.

Drone experts warn that Iran is deliberately targeting U.S. naval drones in the Strait of Hormuz to study American surveillance capabilities and learn how to evade U.S. defenses. The warning followed an attempted IRGC seizure of a U.S. unmanned surface vessel, after which the U.S. military destroyed two Iranian small boats. Experts say even brief access to captured hardware could reveal sensors, tactics and battlefield vulnerabilities.

A Congressional Budget Office report says the six-month US war on Iran has cost $38bn and could add $3bn monthly. It projects a 0.5-percentage-point inflation increase in early 2027 and says replenishing depleted US munitions stockpiles could take up to five years.

The Congressional Budget Office says the Iran war has cost the US at least $38bn and heavily depleted its Patriot, Thaad and Navy interceptor stockpiles, which could take at least five years to rebuild. The report estimates costs would rise by $3bn each additional month and inflation would remain higher.
US Vice President J.D. Vance said the conflict with Iran would enter a completely different phase within two months. He said Washington had completed the first stage, which he described as destroying Iran’s nuclear program and conventional military. Donald Trump has said the conflict could end after the November midterms, while allowing for an earlier settlement.
The Congressional Budget Office says the conflict with Iran has already cost US citizens $38 billion in its first five months, with monthly costs of $2-3 billion. It also confirmed that the war has depleted US weapons stocks, including critical interceptors used by air-defense systems.

A nonpartisan Congressional Budget Office assessment says the US war with Iran had cost at least $38 billion by the end of July and is expected to drive inflation higher still.

The Congressional Budget Office estimates that the war with Iran has caused more than one-third of this year’s increase in inflation and will push prices higher again in the first quarter of next year, according to a report released Tuesday.

The Congressional Budget Office says the war in Iran has cost the Pentagon $38 billion and depleted its missile stockpiles.
The six-month U.S. war against Iran has cost $38 billion so far, with spending projected to increase by $3 billion each month, according to the Congressional Budget Office. The Trump administration is seeking to end the conflict and reopen the vital Strait of Hormuz.
Shanghai Cooperation Organization Secretary General Nurlan Yermekbayev said at the Beijing Xiangshan Forum that the group supports a legally binding international document to prevent an arms race in outer space and the militarization of information and communication technologies, while promoting safe and responsible AI use.
A new poll of more than 35,000 people worldwide finds continued support for global cooperation and growing trust in international institutions. Respondents are less comfortable with either the United States or China taking a leadership role, and many see both countries as threats.
Oil prices fell Wednesday after an unexpected reported rise in U.S. crude inventories outweighed concerns about supply disruptions following an Iran-backed attack on Saudi Arabia’s East-West pipeline and its closure.

The Kennedy Center will close for renovations after a judge blocked efforts to restore Donald Trump’s name to the landmark venue. Trump said the $257 million in congressional repair funding would be released only if the renaming could proceed, but federal courts have twice ruled that this would require congressional approval.
Malaysia’s government has asked Malaysia Airlines and Batik Air whether they could take on AirAsia’s share of the domestic market, according to two people familiar with the matter. They described the discussions as scenario planning while authorities monitor the financial health of Southeast Asia’s largest low-cost carrier.
China’s Pinglu Canal in Guangxi is scheduled to open to navigation on September 16. The project will link inland waterways with the Beibu Gulf and expand the country’s inland shipping network. Construction began in August 2022, major works were completed in May 2026, and project acceptance finished in August.


China’s 134.2-kilometer Pinglu Canal officially opened to navigation on Wednesday, linking the Xijiang River shipping network with the Beibu Gulf. Built at a cost of 72.7 billion yuan, it can handle vessels of up to 5,000 tonnes and is expected to cut the route from southwest China to the sea by about 560 kilometers. Mangrove restoration, a fish passage and a wildlife overpass were incorporated into the project.

China’s Pinglu Canal in Guangxi officially opened to commercial navigation on Wednesday. The 134.2-kilometer waterway links the Xijiang River corridor with the Beibu Gulf, shortening shipping routes from southwestern China to the sea by more than 560 kilometers and creating a more direct gateway to ASEAN. Fish passages and a wildlife bridge were built along the canal, while more than 98% of excavated material was reused.
Crypto long positions worth $570 million were liquidated after the Clarity Act failed. Bullish futures bets worth millions of dollars were wiped out over 24 hours, with bitcoin and ether longs suffering the largest losses.


A 49-50 procedural vote in the Senate left the crypto market structure bill 11 votes short of the threshold needed to advance. The setback sent every major token lower, with bitcoin moving toward $76,000 and XRP falling 10%.

Analysts told The Block that the defeat of the Clarity Act is not a truly structural setback for crypto. They said the market will continue to move with interest rates and the broader monetary environment, as bitcoin and major crypto stocks dipped.
European governments devote the largest share of their budgets to social protection, while the second-largest spending category differs from country to country. Euronews Business examines how public money is allocated to government services.
North Korean international security expert Choe Ju Hyun said in a KCNA op-ed that Washington’s increasingly broad nuclear actions are eroding the global non-proliferation regime and show why Pyongyang must keep expanding its nuclear deterrence capabilities in both quality and quantity. He also warned about the security risks of US-South Korea and US-Japan deterrence mechanisms.
Z.ai, Moonshot, MiniMax, Alibaba and Tencent offered no comment when CNBC contacted them about warnings from Silicon Valley concerning artificial intelligence risks.

A study by University of Oxford mathematician Alain Goriely challenges the long-held claim that curves in the Parthenon were designed to correct optical illusions. Mathematical modelling found the supposed effects were either unsupported or barely perceptible. Goriely traced the story to Vitruvius and suggested the features may have served drainage or aesthetic purposes instead.

A new paper in Frontiers in Psychology finds that adult chimpanzees pass on tool-use skills through social learning. Adults model techniques, hand tools to juveniles for imitation, and provide supervised practice; mothers appear to be the main models and teachers.

Meta Platforms CEO Mark Zuckerberg said competition and liability give AI companies sufficient reason to pursue safety on their own. His comments appeared to diverge from calls by leaders of leading AI firms for a coordinated slowdown in development.
Law firm Sullivan & Cromwell has hired a team of lawyers from rival Kirkland & Ellis as it seeks to build a private equity practice in the US.
Germany is pushing to reduce the risk of excess permits in the European Union’s carbon market while scaling back supply-control concessions offered by the bloc’s executive to ease industry fears about excessive price swings.
The Financial Conduct Authority says the judgment involving Odey should serve as a lesson for firms on ethical failings. The watchdog has introduced stricter rules to ensure people can speak up and remain protected from misconduct.
Rising borrowing costs mean developing economies will need new financing instruments to deal with climate change.
Belgium’s coalition government failed to agree on a plan to evacuate 13 students and researchers from Gaza so they could take up university scholarships. The students, unable to leave the territory or apply for visas in person, said they were devastated and feared losing another academic year.

A recording obtained by CNN shows Vice President JD Vance urging House Republicans at a closed-door meeting Tuesday to portray Michigan Democratic Senate nominee Abdul El-Sayed as a “boogeyman” if their own opponents are not “that crazy.”
Manzhouli Port in Inner Mongolia has recorded 753,000 trips by Russian travelers since China began a trial visa-free policy for ordinary Russian passport holders, a 51.2% year-on-year increase. Russian-language assistance, online arrival cards and self-service terminals have helped reduce average processing time to under three minutes. The policy will continue through Dec. 31, 2027.
The new IMB-CNM facility has advanced equipment for manufacturing nanoscale devices and has received more than six million euros in investment.
Cross-border renminbi receipts and payments between China and ASEAN reached 9.436 trillion yuan in 2025, up 5.99% year on year, a report from the People's Bank of China’s Guangxi branch said. Goods-trade settlement totaled 2.591 trillion yuan, while CIPS added 41 participants. Six ASEAN countries now have RMB clearing banks.
Grab plans to spend $1.49 billion on Atome Financial as it seeks to expand its consumer lending business across Southeast Asia and take its financial-services operations to the “next level.”

Chinese investors are moving heavily into overseas assets, particularly US stock funds, after regulators raised outbound investment quotas. The shift comes as domestic yields remain at rock-bottom levels and Beijing tightens unofficial channels for transferring money abroad.
The 4th Weifang International Food and Agricultural Products Expo opened Tuesday at the Lutai Convention and Exhibition Center in Shandong, attracting 516 exhibitors from 16 countries and regions and more than 2,000 buyers. Exhibitor, visitor and buyer numbers all reached records. The event features eight exhibition areas and nine related activities through Thursday.
Jilin Province has upgraded tax refund services for overseas travelers as inbound spending gathers pace. The province now has more than 81 tax refund stores; average monthly transactions rose 277% year on year and refund values climbed 170%. A multilingual digital map and expanded cross-regional instant-refund arrangements are also being introduced.
The first steel box girder has been installed on the Shuangyumen Bridge in Ningbo, Zhejiang, marking the start of steel girder erection. With a 1,768-meter main span, it is China’s largest-span bridge of its type and the world’s largest single-span suspension bridge using steel box girders.
Chinese Foreign Minister Wang Yi urged Iran and the United States to remain rational and restrained and return promptly to the Islamabad Memorandum of Understanding during talks with Iranian Foreign Minister Seyyed Abbas Araghchi in Beijing. He called for reopening the Strait of Hormuz and preventing tensions from spreading into Yemen and the Red Sea. Araghchi said Iran wants to return to diplomacy and welcomes a greater Chinese role.

China’s largest domestically developed shield machine, Zhongtie 1662, has rolled off the production line in Zhengzhou. Built by China Railway Engineering Equipment Group, the 16.68-meter-diameter machine will construct a tunnel beneath a reservoir in Hefei, Anhui Province.
Chinese Defence Minister Dong Jun urged countries to stop provocative acts and guard against what he called the resurgence of hegemony, militarism and historical revisionism at the Beijing Xiangshan Forum. He promoted more inclusive security governance and military cooperation without directly criticising the US, Japan or other rivals.


Chinese Defense Minister Dong Jun called for consensus and concrete action on global security governance at the 13th Beijing Xiangshan Forum. He urged multilateralism, dialogue, shared development and practical cooperation, saying the Chinese military is ready to work with other militaries on security coordination, disaster relief and humanitarian assistance.
Chinese Defence Minister Dong Jun called on countries on Wednesday to stop provocative actions and prevent a resurgence of regressive historical trends, remarks likely to be seen as veiled criticism of Japan.
Defense Minister Dong Jun said at the opening of the Beijing Xiangshan Forum that China supports creating a more effective, balanced and stable regional security architecture. He said it should address all countries’ legitimate security concerns and take developing countries’ interests into account.

Chinese Vice President Han Zheng spoke at the welcome banquet of the 13th Beijing Xiangshan Forum, attended by representatives from nearly 100 countries, regions and international organizations. He called for adherence to the UN Charter, genuine multilateralism and dialogue to resolve disputes, while urging deeper security cooperation to support global peace and stability.

Chinese Defense Minister Dong Jun said the Chinese military is ready to deepen practical cooperation with all parties, jointly address global security challenges and safeguard world and regional peace. He spoke during meetings with foreign defense officials and the ASEAN secretary-general attending the 13th Beijing Xiangshan Forum, which has participants from nearly 100 countries, regions and international organizations.
South Korea’s government has requested a delay to a Thursday briefing for a parliamentary committee on Seoul’s plans to invest in the United States, the industry ministry said on Wednesday.
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