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The International Monetary Fund has warned the planet’s economic systems are not prepared for the now “elevated” chance that superpowers have over-invested into artificial intelligence too soon.

In its October report, the IMF now warns of three “catalysts” that could create turmoil: AI market correction, rising government borrowing costs and a major cyberattack.

It came as a report citing officials claims Saudi authorities stopped issuing public attack warnings because residents complained the alerts were waking them at night, right before airport strikes killed at least 18 people and wounded more than 300.

The revelation comes as the situation in the Middle East continues to devolve, with Iran’s proxy forces unleashing from multiple fronts in response to the ongoing US-Israeli campaign.

Across Europe, Russia has struck six Ukrainian energy facilities just hours after US President Donald Trump announced the two countries had effectively reached a so-called energy ceasefire.

Ukrainian President Volodymyr Zelensky said Russia had hit “our gas stations, energy infrastructure, and other facilities,” despite Mr Trump stating the ceasefire would be “effective immediately.”

World not ready for AI economic risk: IMF report

The International Monetary Fund has said the quiet part out loud in a telling new report this week, echoing what troves of hesitant economists and safety campaigners have been saying for years.

In its October report into the state of play for the planet’s immensely delicate economy, the IMF warned our systems are not prepared for the now “elevated” chance that we’ve over-invested into artificial intelligence too soon.

The booming industry has almost single-handedly propped up economic growth in the post-Covid rebuild phase, but experts say that too much floating money could eventually come home to roost and rattle even the most established of economies.

the IMF is now warning of three “catalysts” that could create turmoil: AI market correction, rising government borrowing costs and a major cyberattack.

Saudi attack alerts stopped before deadly strikes

A shocking new report has claimed to uncover a critical lack of oversight in relation to the most recent spate of attacks on Saudi Arabia.

Saudi authorities reportedly stopped issuing public attack warnings because residents complained the alerts were waking them at night, right before airport strikes killed at least 18 people and wounded more than 300.

The deadliest strike hit King Khalid International Airport on Saturday, October 10, killing 13 people and wounding more than 300. Another attack on Sunday killed one person and injured 11.

'Unacceptable, alarming': Red Cross puts foot down

The head of the International Committee of the Red Cross has come out on the front foot this week, warning the sheer scale of conflict across the planet is at a dangerous level compared to historical precedents.

The Red Cross formally counts 130 international and non-international armed conflicts currently unfolding as of October 2026.

ICRC president Mirjana Spoljaric warns the Middle East in particular should be reassessed by powerbrokers involved in the multiple skirmishes playing out today.

Mirjana Spoljaric, the head of the International Committee of the Red Cross. Source: YouTube/NY Times

Hackers spark supermarket chaos in France

Hackers have heated fridges and freezers at hundreds of French supermarkets to as high as 50C, spoiling food and causing fires in a calculated attack on the country’s food supply.

French outlet Carrefour reported 80 stores affected, as Intermarché’s parent company confirmed refrigeration systems at about 150 outlets were heated for six hours overnight.

Bank's warning as nation braces for El Nino

Millions around around the globe are being warned of the potentially devastating economic impact stemming from current El Nino-related weather conditions.

Sri Lanka, perched south of India and just north of the equator, is bracing for torrential rain followed by a prolonged drought.

'Disaster': Trump shreds raided congresswoman during rally

US President Donald Trump has whipped up chants of “deport” from supporters at a Republican rally in Ohio, launching fierce attacks on a Somali-born congresswoman and a Muslim Senate candidate whose home was raided by federal agents hours earlier.

US President Donald Trump during a campaign rally at the Covelli Centre in Youngstown, Ohio, on October 12, 2026. Picture: AFP

Trump mocks protester as crowd restrains her at Ohio rally

A tense scene unfolded at a Donald Trump rally in Ohio when a protester attempting to disrupt the US President’s speech was swarmed and restrained by furious supporters in the crowd.

Trump weighs sacking Guilfoyle amid cash-for-access claims

US President Donald Trump has admitted he is weighing whether to sack Kimberly Guilfoyle from her role as ambassador to Greece, declaring he is “not happy” following a wave of misconduct allegations against her.

Kimberly Guilfoyle, President Trump’s nominee to be the US ambassador to Greece. Picture: AFP

US Ambassador to Greece Kimberly Guilfoyle. Picture: AFP

Young Russian conscripts called to battle

Footage has captured young Russian conscripts being onboarded for military service as the nation remains locked in its war against Ukraine.

Rows of young conscripts were seen on their first day of military service. Picture: Viral Press

In Russia, men aged 18 to 30 are liable for compulsory service. Picture: Viral Press

15yo dead, dozens injured after bomb explodes on school trip

A teenager has been killed and at least 24 people have been injured after a bomb exploded during a school trip in northern Israel.

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World news updates: IMF warns of ‘elevated risk’, ‘severe’ outcomes as AI threatens global finance