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Record rainfall leaves devastation across India

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Around 40 people have died following unprecedented rainfall in in India

Several people have been reported missing in Uttarakhand, sparking concerns that the actual toll is likely to be higher.

Teams have been sent out to assess the damage, but are struggling with access.

Prime Minister Narendra Modi has expressed his condolences over the loss of lives. He says he is praying for “everyone’s safety and well-being.”

Authorities ordered the closure of schools and banned all religious and tourist activities in the state

Television footage and social media videos showed residents wading through knee-deep water near Nainital lake, a tourist hotspot, and the Ganges bursting its banks in Rishikesh.

The nation’s weather department has issued a red alert for the region, with a forecast of heavy to very heavy rainfall across the state.

More than 100 tourists were stuck inside a resort in Ramgarh after the overflowing Kosi river deluged several areas.

Landslides are a regular danger in India’s Himalayan north, but experts said they are becoming more common as rains become increasingly erratic and glaciers melt.

Experts also blamed construction work on hydroelectric dams and deforestation.

In February, a ferocious flash flood hurtled down a remote valley in Uttarakhand, killing about 200 people. At least 5,700 people perished there in 2013.

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Experts warn AI could trigger ‘Grey Swan’ events in the global economy

Experts warn that AI could trigger ‘grey swan events’ posing risks to economic stability, demand resilience strategies.

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Experts warn that AI could trigger ‘grey swan events’ posing risks to economic stability, demand resilience strategies.


As excitement around artificial intelligence reaches new heights, experts are cautioning that the technology could spark unexpected disruptions known as ‘grey swan events’. Unlike black swans, these events are somewhat foreseeable but often underestimated, posing real threats to economic stability.

David Scutt from StoneX joins Ticker to break down what grey swans are, their potential impact on AI, and how legal, security, and innovation risks could shake the industry. He also explains how the pace of AI advancement makes it harder to anticipate and prepare for these shocks.

From resilience strategies for policymakers to the concept of antifragility coined by Nassim Nicholas Taleb, this discussion offers insights into how the world might navigate the growing AI landscape.

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#AI #GreySwan #TechRisks #InnovationShock #ArtificialIntelligence #GlobalEconomy #DavidScutt #TickerNews


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Oscars move to YouTube in landmark streaming deal from 2029

YouTube will stream the Oscars exclusively from 2029, making it free for over two billion users worldwide.

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YouTube will stream the Oscars exclusively from 2029, making it free for over two billion users worldwide.


The Academy of Motion Picture Arts and Sciences has struck a landmark agreement with YouTube to stream the Oscars exclusively from 2029, marking a major shift for Hollywood’s biggest night.

YouTube will hold global rights to the ceremony from 2029 to 2033, making the event free to its more than two billion users worldwide, with added features like red carpet coverage and behind-the-scenes access.

The move reflects changing viewing habits as audiences increasingly turn to digital platforms for live events.

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#Oscars #YouTube #StreamingWars #Hollywood #FilmIndustry #DigitalMedia #EntertainmentNews #AcademyAwards


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NSW weighs urgent gun law changes after Bondi shooting as firearm caps spark backlash

NSW government to discuss urgent firearm legislation changes after Bondi Beach shooting amid rising violence concerns.

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NSW government to discuss urgent firearm legislation changes after Bondi Beach shooting amid rising violence concerns.


The New South Wales government is set to discuss urgent changes to firearm legislation next week following the Bondi Beach shooting, reigniting the national debate over gun control and public safety.

The proposed reforms are aimed at tightening access to firearms and limiting individual ownership, as authorities respond to concerns about rising violence across the state.

With the number of registered firearms in NSW surging over the past decade, lawmakers say swift action may be needed to prevent further harm.

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#NSWPolitics #GunControl #FirearmLaws #BondiShooting #PublicSafety #AustralianNews #BreakingNews #TickerNews


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