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Bill Gates Calls for Slowing AI Development Amid Concerns Over Rapid Technological Changes, Reports NDTV

Bill Gates calls for slowing AI development, warning that the world may not be ready for the rapid technological advancement, reports NDTV.

Revolut gains banking license in Colombia, eyes 2027 launch.

Revolut obtains banking license in Colombia, plans to launch services in 2027.

Movement through the Panama Canal has been restricted due to ongoing drought conditions, AFP reports.

France plans to recruit 100,000 workers in the defense industry by 2030, according to reports from Le Figaro.

The Congressional Budget Office estimates that the U.S. incurred approximately $38 billion in costs related to the conflict with Iran during the first five months of the year. Meanwhile, the forecast for annual consumer price inflation based on the Personal Consumption Expenditures (PCE) index has been revised upward by 0.5% for the first quarter of 2027, reflecting economic pressures stemming from the Middle Eastern escalation.

The Congressional Budget Office estimates that the U.S. war with Iran incurred $38 billion in costs over the first five months. Meanwhile, the forecast for annual inflation in personal consumption expenditures (PCE) for the first quarter of 2027 has been increased by 0.5% amid ongoing tensions in the Middle East.

The Senate has commenced voting on the CLARITY Act. Watch the proceedings here.

The likelihood of the CLARITY Act being passed has dropped below 10% on Polymarket, according to monitoring.

Reports suggest that former U.S. President Donald Trump may be seeking Chinese President Xi Jinping’s support to facilitate a summit with North Korea. Meanwhile, North Korean state media KCNA has recently issued stark warnings, describing the resumption of hostilities against Japan and the United States as an imminent possibility, thereby heightening regional tensions.

The Pentagon has submitted an estimate to Congress outlining the projected cost of a potential military intervention against Iran, amounting to $45.1 billion, CNN reports.

Former President Trump is considering postponing the announcement of a major arms deal with Taiwan until at least after the conclusion of the November APEC summit in Shenzhen, according to the South China Morning Post.

The United States will host an event centered on artificial intelligence during the upcoming UN General Assembly. Meanwhile, Reuters reports that the CEO of OpenAI is slated to address the UN Security Council next week.

Ukraine will be the primary focus of all Lavrov's discussions at the UN, according to the Russian Foreign Ministry.

The United States, Denmark, and Greenland are poised to formalize a security arrangement during the upcoming United Nations General Assembly.