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ATM glitch allows customers to withdraw funds beyond their balance

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A technical glitch within Bank of Ireland’s online app has enabled customers with insufficient account balances to transfer and withdraw funds from ATMs.

The flaw allowed individuals to deposit money into a digital account linked to Revolut and subsequently withdraw cash from various ATMs.

Reports suggest some customers managed to access substantial sums, with claims of withdrawals reaching up to €1,000, although the bank asserts that the established daily withdrawal limit remains at €500.

The issue triggered a series of events that caught social media attention, portraying long lines at ATMs in different cities and instances of law enforcement being present at pay points.

The bank confirmed the existence of a technical problem affecting multiple services, including its mobile app and online banking portal, 365Online, on Tuesday.

It issued a cautionary advisory to customers, clarifying that any funds withdrawn or transferred beyond regular limits would eventually be deducted from their accounts.

The bank further encouraged customers not to engage in transfers or withdrawals that could lead to overdrawing.

Acknowledging the disruption, Bank of Ireland conveyed that both the mobile app and 365Online had been restored to operational status by Wednesday.

The bank anticipated that overnight payments would gradually reflect throughout the day.

It confirmed its awareness that the technical glitch had permitted certain customers to surpass their standard withdrawal and transfer limits.

These over-the-limit transactions were stated to be processed within the customers’ accounts on that day.

The bank urged customers facing potential financial strain due to overdrawing to make contact for assistance.

This incident follows a previous IT outage at the bank in June, though the earlier outage did not grant individuals access to funds beyond their account balances.

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Trump orders Pentagon to resume nuclear testing immediately

Trump orders Pentagon to resume nuclear testing, raising concerns over arms race and global safety

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Trump orders Pentagon to resume nuclear testing, raising concerns over arms race and global safety

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In Short:
– Trump ordered the Pentagon to resume nuclear testing, risking global tensions and retaliation from other nations.
– Proliferation concerns are rising as nuclear states modernise arsenals and the New START Treaty nears expiration.
US President Donald Trump has ordered the Pentagon to resume nuclear weapons testing immediately, aiming to align with testing programs from other countries according to the conversation.Resuming explosive nuclear tests would likely trigger retaliatory responses from nuclear-armed nations like Russia and China, worsening the arms race and increasing global risks.

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The potential for worldwide radioactive fallout remains high, even for underground tests. The Comprehensive Nuclear Test Ban Treaty, signed by 187 states, prohibits such testing, yet the US remains a signatory without ratification, bound not to violate the treaty’s intent.

Nuclear weapon testing, once crucial for understanding weapon effects and military planning, has diminished. Since World War II, nuclear tests have largely focused on developing new designs. Significant environmental and health concerns led to a moratorium on atmospheric testing in the early 1960s and the Partial Test Ban Treaty in 1963.

Many countries, including the US, stopped explosive testing in the 1990s. Technological advancements allowed nations to develop nuclear weapons without the need for actual explosions.

Proliferation Risks

Nuclear proliferation continues, with all nine nuclear-armed states investing heavily in modernising their arsenals. This raises concerns about lowered thresholds for using such weapons.

Recent conflicts involving nuclear threats have escalated, and the number of nuclear weapons operationally available has begun to rise again. Russia has tested advanced nuclear weapons, while China is rapidly expanding its military capabilities.

The New START Treaty, which confines the nuclear capabilities of the US and Russia, is set to expire soon, with no successor treaty negotiations underway.

The Doomsday Clock has moved closer to midnight this year, highlighting the heightened dangers facing the world today.

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US–China trade talks are a handshake, not a deal

Trump and Xi unofficially extend tariff truce, with US concessions and Chinese commitments on soybeans, fentanyl, and rare earths.

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Trump and Xi unofficially extend tariff truce, with US concessions and Chinese commitments on soybeans, fentanyl, and rare earths.


Presidents Trump and Xi extend their tariff truce in an informal meeting, with US cuts and Chinese promises on soybeans, fentanyl, and rare earths.

Steve Gopalan from SkandaFX cautions this is unofficial and deeper issues between the two super powers remain.

#USChina #TradeTruce #Tariffs #GlobalMarkets #Soybeans #RareEarths #UnofficialDeal #TickerNews


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Markets cautious as rate cut hopes fade

Central banks ease rate cut hopes amid inflation and wobbling tech stocks; markets adjust to Fed’s new stance.

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Central banks ease rate cut hopes amid inflation and wobbling tech stocks; markets adjust to Fed’s new stance.


Central banks pull back on rate cut expectations as tech stocks wobble and inflation pressures persist. Markets adjust cautiously to the Fed’s new tone.

#Markets #Fed #InterestRates #Inflation #TechStocks #CapitalMarkets #TickerNews #Economy #FinancialUpdate


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