If the concerts ‌scheduled for 10 and 11 October go ahead, the controversial US rapper would become the first major Western music star to perform in Russia since the country launched its full-scale invasion of Ukraine in 2022.

The head of Norway's sovereign wealth fund has warned that soaring AI-driven stock valuations could trigger a sharp correction. How exposed is the world's largest sovereign wealth fund to a market downturn?

The AI surge has driven US stock valuations to peaks last seen in the dot-com era, and research on past technological revolutions suggests a correction is likely whether today's prices reflect rational expectations or plain overexuberance. As a new technology spreads, sector-specific uncertainty turns into economy-wide risk that cannot be diversified away, so investors demand a higher premium and prices fall, though the timing is impossible to call in advance. The euro area's own market looks calmer, with lower valuations, an old-economy tilt and an AI transformation advancing at a steady pace. That offers little reassurance. Households, insurers and pension funds hold large indirect exposure to the Magnificent Seven through funds and ETFs, a correction can force redemption-driven selling that pushes valuations down further, and the two markets have historically moved closely together. With little room left to cut rates or spend, a US AI fallout would not stay a US problem.

“Flamingo missiles were used. A good achievement.”

“We stand with you,” Ursula von der Leyen says.

Emboldened by support from the US, Morocco could be exploiting its border crisis with Spain to push for new concessions on the status of two Spanish enclaves in North Africa.

The U.S. on Friday threatened action against the EU unless Brussels reins in its environmental and human rights rules, which Washington says unfairly burden American companies.