Author: OMN AI

Gold and silver prices fell steeply as investors rushed to exit positions that had pushed metals to historic peaks. Losses accelerated on Monday after a heavy sell-off on Friday, marking a sudden reversal 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 earlier this year amid rising geopolitical uncertainty. Central bank nomination eases market fears The rally had reflected investor concerns over geopolitics and US monetary policy. Traders also feared political influence on the Federal Reserve. Those…

Rising shipping, energy, and raw material costs could push up consumer prices during 2026, an industry body warned.Chartered Institute of Procurement and Supply said cracks are forming in global supply chains.Its late-2025 survey showed supply disruption concerns at a two-year high.Procurement leaders expect the biggest price rises in shipping and logistics.Twenty-two percent reported transport cost increases above 10% by end-2025.Computer, transport, and electrical equipment prices are already climbing.CIPS said volatility now looks permanent, driven by geopolitics, tariffs, and trade tensions.

Carlos Alcaraz won a thrilling Australian Open final and completed a career Grand Slam at 22. He denied Novak Djokovic a historic 25th major title. Alcaraz sank to the court after sealing a 2-6 6-2 6-3 7-5 victory. The Melbourne crowd celebrated a moment that marks a new chapter in men’s tennis. Sportsmanship shines at the net Djokovic showed class despite the defeat. He climbed over the net and embraced Alcaraz as applause rolled through Rod Laver Arena. The Serbian champion recognised the significance of the occasion. He knows chances to further cement his legacy now appear less often. Djokovic…

President Donald Trump says the United States has begun preliminary talks with Cuba, even as his administration ramps up economic pressure on the communist-run island by cutting off key oil supplies. Speaking to reporters aboard Air Force One on Saturday night while flying to Florida, Trump offered few details but said simply, “We’re starting to talk to Cuba.” Oil Cuts Used as Leverage The outreach comes after a series of aggressive moves aimed at squeezing Cuba’s energy lifeline. In recent weeks, the US halted oil shipments from Venezuela following the ouster of President Nicolás Maduro and moved to restrict supplies…

United Nations Secretary-General Antonio Guterres has issued a stark warning to member states, saying the global body is facing a serious financial crunch that could leave it running out of cash as early as July unless urgent action is taken. His appeal comes amid growing budget pressures, driven by unpaid dues and delayed contributions from member countries, including cuts and hold-ups under US President Donald Trump’s administration. Unpaid Dues Put UN at Risk Guterres said the UN’s financial troubles are not new but have reached a breaking point. Some countries are failing to pay their mandatory contributions in full, while…

West Ham United banned a season-ticket holder after he helped hold up an anti-board banner at London Stadium.Joshua Wood received a five-match ban for breaching rules on banner size.The club said CCTV showed him retrieving an oversized banner from under his seat.The banner urged owners David Sullivan and Karren Brady to sell the club.Wood denied bringing the banner into the stadium and plans to appeal.

A Swedish study found artificial intelligence in breast cancer screening cut later cancer diagnoses by 12%.Researchers studied 100,000 women undergoing routine mammography between 2021 and 2022.Women received either AI-supported screening or standard double readings by radiologists.AI helped flag high-risk cases and reduced radiologist workload.The AI group showed higher early detection rates and fewer aggressive cancers.Researchers published the findings in The Lancet.Experts say AI should support, not replace, radiologists and needs careful monitoring.

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 visit to China. Trump reacted to agreements designed to boost 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 president very well. Trump did not provide further detail…

Panama’s top court has struck down a long-standing concession that allowed a Hong Kong company to operate key ports at either end of the Panama Canal, triggering sharp criticism from Hong Kong’s government and deepening tensions around the strategic waterway. The ruling followed an audit by Panama’s comptroller that flagged alleged irregularities in the 25-year extension of the concession granted in 2021. Hong Kong pushes back against court decision Hong Kong’s government said on Friday that it “strongly disapproves of and firmly rejects” the decision to annul the concession held by a subsidiary of CK Hutchison Holdings. In a statement,…

Google DeepMind launched AlphaGenome, an AI tool designed to identify genetic drivers of disease.The system predicts how DNA mutations disrupt gene regulation across different tissues.AlphaGenome can analyse up to one million DNA letters simultaneously.Researchers trained it on large human and mouse genetics databases.The tool targets mutations linked to cancer, heart disease, autoimmune disorders, and mental illness.Scientists say it could accelerate gene therapy development and new treatments.Experts call AlphaGenome a major step toward understanding the non-coding genome.