AI could cause global economic downturn, Bank of England governor tells G20
Posted on Monday August 31, 2026

Andrew Bailey, in role as financial stability watchdog chief, warns advanced models risk destabilising system

The Bank of England’s governor, Andrew Bailey, has joined the throng of figures warning about the global risks posed by the most advanced artificial intelligence technology.

In a two-page letter sent to international finance ministers and central bank governors as part of his role as chair of the international Financial Stability Board (FSB), Bailey said “frontier” AI models were “showing increasingly sophisticated autonomy and problem-solving abilities, as well as threat capabilities”.

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Anthropic sued over alleged theft of ‘tens of thousands’ of songs
Posted on Monday August 31, 2026

AI company faces multibillion dollar lawsuit over misuse of copyrighted songs to train Claude models

All AI wants for Christmas is a vast back catalogue of songs without paying for it, according to a multibillion-dollar lawsuit against the startup behind the Claude chatbot.

Sony Music Publishing and Warner Chappell, music publishers who manage the copyright of songs on behalf of songwriters and composers, are seeking damages for alleged misuse of “tens of thousands” of copyrighted works by Anthropic.

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Iran’s economy in crisis as US launches new sanctions campaign
Posted on Monday August 31, 2026

Trump’s Operation Economic Outcast is expected to push many Iranians into deeper poverty as food inflation soars

For many Iranians, the new US sanctions campaign, called Operation Economic Outcast, seems superfluous given the grim economic situation in their country.

Iranians are facing runaway food inflation, closed petrol stations and a seemingly never-ending depreciation of the nation’s currency caused by a lack of foreign exchange reserves.

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The London office, the empty boxes and the £1bn tax loophole
Posted on Monday August 31, 2026

Exclusive: How a court case over an unoccupied office block could end a widely used tax avoidance scheme

From the outside, the seven-storey building at 2 America Square looks like any other office block in the heart of London’s financial district.

Located about half a mile from Tower Bridge, one might expect it to be a hive of commercial activity, teeming with employees holding important meetings. However, much of the property is home not to staff vying for their next bonus, but to stacks of nondescript black boxes arranged in neat lines.

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Rise of Chicken Shop Date highlights how YouTube turned the tables on TV
Posted on Monday August 31, 2026

Amelia Dimoldenberg says publicists ignored her interview show for years but she can now be picky over A-list guests

Just a decade ago, Amelia Dimoldenberg found it impossible to drum up any mainstream celebrities to come on her mock date YouTube show, in which she chats awkwardly with guests over chicken and chips.

Even persuading a local actor connected with her London youth club to come on took years of prodding. Managers of A-listers with movies or albums to push instead battled to claim a spot on the hallowed cushions of the primetime TV chatshow sofa.

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Sharp rise in incidents of AI escaping users’ control, research finds
Posted on Saturday August 29, 2026

Exclusive: Number of times AI lies, ignores instructions and pursues goals in harmful ways almost doubles in July

Incidents of AIs escaping users’ control to lie, ignore instructions and pursue goals in harmful ways have hit a new high, according to research that also suggests the severity of deception and misalignment is worsening.

Analysis of real-world loss of control incidents involving AI models flagged by businesses and individuals almost doubled in July compared with June, with more than 300 cases in the month, according to the Loss of Control Observatory, which monitors reports made by AI users on the social media platform X.

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Saka settles gruelling battle with Aston Villa to extend Arsenal’s winning start
Posted on Monday August 31, 2026

The smile on Declan Rice’s face with six minutes of normal time remaining said it all. He had just shut down Ian Maatsen as the Aston Villa full-back zoomed into the box. Arsenal, for whom Bukayo Saka scored the only goal, were authoritative and seemingly took great satisfaction in keeping Villa at arm’s length.

Unai Emery’s work‑in‑progress side struggled to test the champions, David Raya untroubled. The records will show Villa have lost their first two league matches of a season without scoring for the first time since 2002 but, despite successive defeats, this time there was no capitulation.

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‘Pain-free’ Alcaraz brushes aside qualifier in US Open return after four months out
Posted on Monday August 31, 2026

• Spaniard beats Roman Safiullin 6-4, 6-4, 6-4

• Alcaraz has not played since April with wrist injury

As Carlos Alcaraz edged closer to the conclusion of his first singles set in more than four and a half months, like so many times in his career instinct took over. Up 5-4, 30-15 in set one, Alcaraz swept forward to the net behind a precise wide serve and, when his opponent Roman Safiullin responded with a dipping backhand return directly to his feet, Alcaraz delicately pushed a half-volley over the net for a winner.

It was a gorgeous shot, a perfect example of the creativity and feel trademarked by Alcaraz that has been missed throughout his extended injury layoff. That touch of genius was followed, predictably, by a wide smile, a quick hold and a comprehensive victory as the Spaniard returned to competition with a stellar 6-4, 6-4, 6-4 win against Safiullin.

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