Author: OMN AI

Gold and silver prices fell sharply as traders rushed to exit positions that had pushed metals to historic highs. Losses accelerated on Monday following a heavy sell-off on Friday, signaling a sudden shift in market sentiment. During Asian trading, spot gold dropped more than nine percent to around $4,403 per ounce. Silver fell roughly 15 percent to below $72 per ounce. Both metals had surged to record levels earlier this year amid global uncertainty. US central bank nomination eases investor fears Earlier gains reflected concerns over geopolitics and US monetary policy independence. Investors also worried about political influence over the…

The Chartered Institute of Procurement and Supply warned soaring shipping costs could push up consumer prices in 2026.CIPS said supply chain risks reached a two-year high, signalling growing disruption.Procurement leaders reported sharp cost rises in shipping, computers, machinery, and transport equipment.Shipping costs rose by more than 10% for over a fifth of firms surveyed.Electronics prices already increased late last year, with brands raising prices by about 15%.CIPS said volatility now feels permanent, driven by geopolitics and trade tensions.Threats of new tariffs under Donald Trump have added pressure to global trade routes.

Carlos Alcaraz won a dramatic Australian Open final and became the youngest man to complete a career Grand Slam at 22. He ended Novak Djokovic’s bid for a record 25th major title. Alcaraz collapsed to the court after sealing a 2-6 6-2 6-3 7-5 victory. The Melbourne crowd celebrated a moment that will be remembered for years. Respect marks the final moments Djokovic showed class despite the defeat. He climbed over the net and hugged Alcaraz as applause swept Rod Laver Arena. The Serbian legend recognised the significance of the occasion. He knows chances to cement his legacy now come…

President Donald Trump confirmed that the United States has begun communications with Cuban leaders, even as his administration ramps up economic pressure on the island. Speaking to reporters Saturday night aboard Air Force One, Trump said simply, “We’re starting to talk to Cuba,” without providing details on the level or timing of the outreach. Cutting Off Oil to Force Negotiations Trump suggested that recent US actions—halting oil shipments from Venezuela and Mexico—are intended to push Cuba toward the negotiating table. The island has become increasingly dependent on Mexican oil after US sanctions blocked Venezuelan deliveries following the removal of President…

United Nations Secretary-General Antonio Guterres has issued a sharp warning that the UN could run out of funds by July unless member countries pay their dues. The organisation is already facing hiring freezes and budget cuts due to chronic shortfalls. Unpaid Contributions Push UN to the Edge Guterres said the UN’s financial troubles stem from some countries failing to pay mandatory contributions on time or in full. By the end of 2025, unpaid contributions had surged to around $1.6 billion—more than double the previous year—even though more than 150 nations had settled their obligations. “The current trajectory is untenable. It…

West Ham United banned a season-ticket holder after he held up an anti-board banner at a home match.Joshua Wood received a five-game ban for displaying a banner deemed larger than permitted rules.The banner called on owners David Sullivan and Karren Brady to sell the club.The club cited stadium safety regulations, not the banner’s message, in its decision.Wood said he did not bring the banner into the ground and plans to appeal.

A Swedish trial found artificial intelligence in breast cancer screening cut later cancer diagnoses by 12% and boosted early detection.Researchers studied 100,000 women in Sweden who underwent mammography between 2021 and 2022.Women receiving AI-supported screening showed fewer cancers diagnosed after screening than those reviewed only by radiologists.The AI system flagged high-risk cases and supported doctors by highlighting suspicious findings.More than 80% of cancers in the AI group were detected early, compared with 74% in standard screening.The study, published in The Lancet, suggests AI could ease radiologist workloads while improving detection.Researchers stressed AI should support, not replace, human clinicians.

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 China visit. 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 comments while attending a documentary premiere about his wife, Melania, on Thursday. He described Xi as a friend and said he knew the Chinese leader very well. Trump offered no further explanation of his…

Panama’s Supreme Court has annulled a concession that allowed Hong Kong’s CK Hutchison to operate ports at both ends of the Panama Canal, following an audit that found irregularities in a 25-year extension granted in 2021. The ruling has sparked strong reactions from Hong Kong and drawn attention to the geopolitical stakes surrounding the strategic waterway. Hong Kong Voices Strong Rejection On Friday, Hong Kong’s government issued a statement saying it “firmly rejects” the ruling and condemns any foreign government using coercive or unreasonable measures in international economic relations. Officials warned that the decision threatens the business interests of Hong…

Google DeepMind launched AlphaGenome, an AI tool that analyses up to one million DNA letters to predict how mutations disrupt gene regulation and cause disease. Trained on human and mouse genetic data, AlphaGenome helps identify mutations linked to cancer, heart disease, and autoimmune disorders. Researchers say it could accelerate drug discovery and gene therapies by revealing how genes switch on and off in specific cells. Scientists from University College London and the University of Exeter called it a major step toward understanding the genome’s non-coding regions.