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AI Minister Backs Anthropic’s ‘Responsible’ Mythos Rollout as Regulation Tightens

  Artificial Intelligence Minister Evan Solomon will meet with Anthropic leaders in response to concerns about the company’s new AI model. Canada’s Artificial Intelligence Minister says Anthropic is taking a “responsible and safety‑first approach” with its newly announced Mythos model family — a comment that comes as governments worldwide race to regulate rapidly advancing AI systems. According to public statements, the minister highlighted Anthropic’s emphasis on model transparency, safety evaluations, and controlled deployment , noting that these practices align with Canada’s push for clearer AI accountability standards. While the remarks were not tied to any specific policy change, they signal growing government interest in how frontier AI models could affect everything from cybersecurity to labour markets. For markets, the reaction has been modest but notable. AI‑linked equities — particularly cloud providers and chipmakers — saw small early‑morning gains , reflecting inves...
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Markets in Turmoil: Global Stocks and Oil Slide Amid Tariff Shock

Global financial markets faced a sharp downturn following the announcement of sweeping tariffs by U.S. President Donald Trump. The tariffs, which include a baseline 10% levy on imports from all countries and significantly higher rates on key trading partners, have sparked fears of a global trade war.

Asian markets were among the first to react, with Japan's Nikkei index dropping nearly 3%, while Hong Kong's Hang Seng index fell 1.5%. European markets followed suit, with major indices like the UK's FTSE 100 and France's CAC 40 experiencing notable declines. U.S. stock futures also tumbled, signaling potential losses when markets open.

The oil market was not spared, as crude prices plunged amid concerns over reduced global demand. Investors flocked to safe-haven assets like gold, which reached record highs.

The tariffs, aimed at addressing trade imbalances, have drawn criticism from global leaders and economists, who warn of inflationary pressures and potential economic stagnation. The European Union and other affected nations have vowed to respond with countermeasures, further heightening tensions.

As markets brace for continued volatility, the long-term impact of these tariffs on global trade and economic stability remains uncertain.

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