IMF warns AI boom could spark market turmoil

IANS | October 16, 2026 8:42 AM

Washington, Oct 16 (IANS) The International Monetary Fund has warned that the rapid expansion of artificial intelligence could trigger financial market instability if soaring investment, rising corporate borrowing and expectations of future profits run ahead of actual productivity gains.

World faces 800 million jobs gap: Ajay Banga

IANS | October 16, 2026 8:39 AM

Washington, Oct 16 (IANS) The world faces a staggering shortfall of nearly 800 million jobs over the next 10 to 15 years, World Bank President Ajay Banga has warned, calling for a fundamental shift in global development financing to create employment opportunities for a rapidly growing young population.

Janet Jackson is Britney Spears’ girl crush for October

IANS | October 16, 2026 8:35 AM

Los Angeles, Oct 16 (IANS) Pop icon Britney Spears has said that singer-songwriter Janet Jackson is her girl crush for this month. On Friday, the ‘Criminal’ hitmaker took to her Instagram, and shared a picture of Janet Jackson, who is also the sibling of the King of Pop, Michael Jackson.

US lawmakers seek curbs on Chinese spy ships

IANS | October 16, 2026 8:33 AM

Washington, Oct 16 (IANS) Three senior Republican lawmakers have urged the Trump administration to withdraw special privileges granted to vessels operated by a Chinese shipping giant, citing reports that its ships have been used to spy on American military communications and intelligence activities.