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Global Borrowing Costs Hit Multidecade Highs as Government Bond Markets Face Steep Sell-Off
New York, Thursday, 1 October 2026.
Benchmark 10-year U.S. Treasury yields surged above 5.3% on Thursday, reaching their highest level since 2002 as escalating oil prices and ongoing war in the Middle East push inflation fears higher. With central banks signaling further interest rate hikes, sovereign borrowing costs in France, Britain, and Japan have also spiked, driving down equity markets and raising corporate debt costs globally.
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BAE Systems Secures Major U.S. Military Contracts to Upgrade Defense Technologies
London, Thursday, 1 October 2026.
BAE Systems secured key U.S. defense contracts—including a $230.1 million combat vehicle order—while successfully testing new counter-drone capabilities in Scotland, solidifying its position in transatlantic military hardware.
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Health Secretary Promotes Artificial Intelligence as Superior to Human Doctors
Washington, Thursday, 1 October 2026.
US Health Secretary Robert F. Kennedy Jr. claims artificial intelligence offers better medical knowledge than human physicians, sparking fierce pushback from medical professionals over safety and accuracy risks.
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New Mexico Attorney Sanctioned After Artificial Intelligence Fabricates Witnesses in Murder Appeal
Santa Fe, Wednesday, 30 September 2026.
Attorney Stephen Aarons received a $5,000 fine and court sanctions after submitting a murder appeal brief containing fake witness testimony generated by ChatGPT without performing manual verification.