Author: OMN AI

Gold and silver prices slumped as investors rapidly abandoned once-favoured safe-haven trades. Losses deepened on Monday after a violent sell-off late last week. The reversal marked a sudden shift in global market sentiment. During Asian trading on Monday, spot gold fell more than nine percent to about $4,403 per ounce. Silver dropped roughly 15 percent to below $72 per ounce. Investors had driven both metals to record highs earlier in the year. Policy relief drains demand for safe havens Earlier gains reflected intense concern over geopolitics and monetary policy. Investors also worried about political pressure on the US central bank.…

Consumer goods prices could surge in 2026 as shipping costs soar and supply chains weaken, according to Chartered Institute of Procurement and Supply.CIPS warned of growing “cracks” in global trade affecting computers, electrical machinery, and transport equipment.A late-2025 survey showed supply chain disruption concerns at a two-year high.Shipping and logistics face the steepest rises, with 22% of firms reporting costs up more than 10%.Price increases already hit computers, transport equipment, and electrical machinery.CIPS said volatility now looks permanent as geopolitics and tariffs unsettle global trade.

Carlos Alcaraz captured a gripping Australian Open final and completed a career Grand Slam at 22. He blocked Novak Djokovic’s pursuit of a record 25th major title on tennis’s biggest stage. Alcaraz dropped to the court after finishing a 2-6 6-2 6-3 7-5 victory. The Melbourne crowd sensed a defining moment for the modern game. Respect and emotion follow the final point Djokovic reacted with dignity after the loss. He climbed over the net and embraced Alcaraz as Rod Laver Arena applauded. The Serbian icon recognised the importance of the occasion. He understands opportunities to strengthen his legacy now arrive…

President Donald Trump said the United States has begun engaging with Cuban leaders, even as his administration intensifies economic pressure on the island by cutting off critical oil supplies. Speaking to reporters Saturday night while flying to Florida, Trump offered few specifics about the outreach, saying only, “We’re starting to talk to Cuba.” Oil Restrictions Used as Leverage The comments follow a series of recent moves aimed at tightening Cuba’s access to energy. The Trump administration has cut off oil shipments from Venezuela and Mexico, steps the president suggested would push Havana toward negotiations. Earlier this week, Trump signed an…

United Nations Secretary-General Antonio Guterres has issued a blunt warning to member states, saying the organisation could face a serious cash shortfall within months unless countries pay what they owe. Speaking on Friday, Guterres said the UN’s finances are under severe strain and could be exhausted by July, putting essential operations and programmes at risk. Late Payments Push UN to the Edge Guterres said the UN’s financial troubles stem from a long-running problem: some countries fail to pay their mandatory contributions in full, while others delay payments for months. As a result, the organisation has been forced to impose hiring…

West Ham United banned season-ticket holder Joshua Wood for five matches after he held an oversized protest banner.The banner urged owners to sell and targeted David Sullivan and Karren Brady.The club cited stadium regulations on banner size, not the message itself.Wood said he did not bring the banner into London Stadium and plans to appeal.

A Swedish study found AI use in breast cancer screening cut later cancer diagnoses by 12%.Researchers studied 100,000 women undergoing routine mammography between 2021 and 2022.The AI system helped radiologists prioritise high-risk cases and flag suspicious findings.AI-supported screening detected 81% of cancers early, compared with 74% using standard methods.The study also recorded fewer aggressive cancer subtypes in the AI group.Lead author Kristina Lång of Lund University said AI could ease radiologist workloads.Experts stressed AI should support, not replace, trained healthcare professionals.

Donald Trump warned that doing business with China posed serious danger for the UK as Sir Keir Starmer arrived in Shanghai. The prime minister reached the city on the third day of his China visit. Trump reacted to agreements designed to expand trade and investment between Britain and China. Officials announced those deals after Sir Keir met President Xi Jinping in Beijing. Trump delivered the comments 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 did not provide further detail about his…

Hong Kong’s government has pushed back strongly against a ruling by Panama’s Supreme Court that voided a long-standing concession allowing CK Hutchison to operate ports at both ends of the Panama Canal, calling the move unacceptable and harmful to business confidence. The decision, handed down late Thursday, declared the concession unconstitutional following an audit by Panama’s comptroller that alleged irregularities in a 25-year extension approved in 2021. Hong Kong Condemns the Ruling In a statement released Friday, the Hong Kong government said it “strongly disapproves of and firmly rejects” the court’s decision. It warned against the use of coercive or…

Google DeepMind launched AlphaGenome, an AI tool that predicts how DNA mutations disrupt gene regulation.The system analyses up to one million DNA letters at once to assess mutation impact.Researchers trained it on human and mouse genetic databases.AlphaGenome helps identify disease-driving mutations linked to cancer, heart disease, and autoimmune disorders.Scientists say it could speed drug discovery and enable targeted gene therapies.