Latest News
- China increases gold purchases to reduce reliance on US dollar assets
- AI data centres emerge as key topic in Ontario municipal elections
- Israel suspends commercial goods from entering Gaza amid escalating tensions.
- Alberta NDP unveils three-part plan for custody releases in Edmonton’s Chinatown
- Elon Musk donates $158 million to Senate GOP group backing Ken Paxton
- Researchers predict the world may face overpopulation crisis in 2026
- Minibus collision with shuttle train injures 19 at Eurotunnel site
- Zimbabwe’s ZiG seeks to gain trust and reduce reliance on the US dollar
World News
China’s central bank increased its gold reserves by 23 tonnes in September, the largest monthly acquisition since October 2023, bringing total holdings to approximately 2,410 tonnes. This move aims to reduce reliance on US dollar assets amid rising geopolitical and financial risks, with private demand for gold also soaring as households seek secure savings options.
A research paper suggests that the world population could approach infinity by November 13, 2026, due to unsustainable growth patterns.
Zimbabwe’s government is actively promoting the ZiG currency to reduce reliance on the US dollar, despite widespread scepticism stemming from past currency crises. The Reserve Bank of Zimbabwe claims the ZiG is backed by reserves, yet many citizens remain hesitant to trust its stability for savings and transactions.
Gary Freeman, a respected conservationist and co-owner of Klaserie Private Nature Reserve, was tragically killed by a charging elephant while leading a walking tour. Despite his efforts to scare the animal away, he succumbed to his injuries. Tributes are being paid, highlighting his kindness and contribution to conservation.
The United States is set to negotiate with Pakistan following Iran’s recent actions in the Strait of Hormuz. President Donald J. Trump stated that representatives will arrive in Islamabad for crucial discussions. The aim is to reach a fair deal moving forward.
Iran has warned vessels against entering the Strait of Hormuz following an incident where the Indian oil tanker, Sanmar Herald, was fired upon. The Iranian Navy stated that any ship attempting to transit the strait will be targeted, especially while the current US blockade persists.
The US has warned of new sanctions against countries engaging with Iran amid an ongoing naval blockade. The Trump administration stated the Islamic Republic would experience the ‘financial equivalent’ of a bombing campaign. Further developments are anticipated in upcoming negotiations.
One person has died following a collision at the Supanova Comic Con in Melbourne, where a grey Toyota hit pedestrians who were standing on the pavement. Another victim is in critical condition. Melbourne Police are investigating and have arrested a suspect for questioning.
A Moscow-born gunman killed at least six people in a Kyiv supermarket shooting, prompting an investigation as a terrorist act. The 58-year-old took hostages before being shot dead by police. Ukrainian authorities are exploring links to the ongoing conflict with Russia.
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