Gold Prices Surge to New Record

🤳22nd October 2024 | Moldova Moves Toward EU Membership, Egypt Declared Malaria-Free by WHO, Meta's New AI Tool to Evaluate AI Models, Cardinals Clinch MNF Victory with Last-Second Field Goal Against Chargers, Elon Musk Faces Backlash Over $1M Voter Prize, Biden Extends Student Loan Repayment Freeze, and more!

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BUSINESS & ECONOMY

🟡 Gold Soars to Record High Amid U.S. Election and Middle East Tensions

Gold surged to a record $2,740.37 per ounce, driven by concerns over the upcoming U.S. presidential election and rising tensions in the Middle East, especially regarding Israel and Hezbollah. This increase reflects a growing demand for safe-haven assets amid uncertainty and expected interest rate cuts from the Federal Reserve. Daniel Pavilonis, senior market strategist stated,  “Geopolitical factors are influencing gold prices.” 

🔥 IMF Chief: Inflation Here to Stay

IMF Managing Director Kristalina Georgieva warned that higher prices are expected to stay, adding to economic strain from slow growth and debt. At the Bretton Woods Conference, she mentioned global growth forecasts of 3.2% for 2024 and 3.3% for 2025, while noting climate risks impacting economies. She stated, “The pain we feel because prices have gone up is here to stay.”  

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WORLD

🇲🇩 Moldova Edges Closer to EU After Russian Interference Claim

Source - AP news

Moldova's electorate narrowly voted, with 50.39% in favor of pursuing EU membership, amid allegations of Russian interference. President Maia Sandu claimed foreign entities attempted to undermine the referendum's legitimacy. This vote, held under tense circumstances, signals Moldova's intent to strengthen ties with Europe. EU Commission President Ursula von der Leyen stated, "Moldova demonstrates its independence and commitment to a European future."

✈️ Chaos Hits India's Airline Industry with 90 Hoax Bomb Threats in One Week

India’s airline industry is in turmoil following 90 hoax bomb threats in just one week, leading to flight groundings and diversions. Major airlines, including Air India and Vistara, were primarily affected, causing extensive delays and financial strain. Civil Aviation Minister K. Ram Mohan Naidu called it a "grave concern," pledging to identify and prosecute the perpetrators as threats continue.

🦠 Egypt Achieves Malaria-Free Status After Century of Effort

Egypt has been officially recognized as malaria-free by the World Health Organization (WHO), concluding nearly a century of efforts to eradicate the disease. This certification confirms that malaria transmission has been interrupted for at least three consecutive years. WHO chief Tedros Adhanom Ghebreyesus stated, “Malaria is as old as Egyptian civilization itself, but now it belongs to history.”

✈️ New Zealand Airport Limits Farewell Hugs to 3 Minutes 

Source - Dunedin Airport

Dunedin Airport in New Zealand has instituted a three-minute limit on goodbye hugs to maintain efficient traffic flow in the terminal. CEO Dan De Bono stated that this policy encourages brief farewells, while longer hugs can take place in the car park, giving families and friends additional time to connect.  He stated, “This helps us accommodate everyone while still allowing meaningful farewells.” 

SCIENCE & TECH

🤖 Meta Unveils AI Tool to Evaluate Other AI Models

Meta has introduced the "Self-Taught Evaluator," a new AI model aimed at evaluating the performance of other AI systems. Employing the "chain of thought" method and using exclusively AI-generated data, this model seeks to decrease human input in AI development leading to autonomous agents capable of self-improvement, and reducing reliance on traditional human feedback methods. 

📱 iOS 18.1 debuts next week with Apple Intelligence and AirPods Pro hearing features

Source - Apple

Apple is set to release iOS 18.1 next week, featuring new Apple Intelligence tools and hearing aid software for AirPods Pro 2. Introduced at Apple’s September event, the update includes hearing tests, enabling AirPods to assist with hearing loss after FDA approval.Additionally, It will also add AI-driven features like audio transcription across apps like Mail and Notes. A beta version was released earlier in September.

SPORTS & ENTERTAINMENT

🚑 Chris Godwin Suffers Serious Leg Injury in Monday Night Game Against Ravens 

Chris Godwin, the Buccaneers' starting receiver, sustained a significant leg injury late in the Monday night game against the Ravens due to a tackle by linebacker Roquan Smith. Godwin was carted off the field with a vacuum splint on his lower left leg. This setback follows Mike Evans’ aggravated hamstring injury. Coach Todd Bowles stated, "It’s a tough call." 

🏈 Cardinals Clinch MNF Victory with Last-Second Field Goal Against Chargers

Source - Espn

The Arizona Cardinals achieved a thrilling 17-15 win against the Los Angeles Chargers on Monday Night Football, highlighted by a last-second 32-yard field goal from Chad Ryland. Kyler Murray's notable 44-yard touchdown run gave the Cardinals a short-lived lead, while the Chargers relied on five field goals. Murray stated, “We fought hard, and it showed in the end.” 

🏆 Ravens Praise Lamar Jackson After 5-Touchdown Performance, Calling Him 'Like LeBron' and 'MVP' 

Source - Espn

The Ravens celebrated Lamar Jackson’s standout performance after he threw five touchdown passes and rushed for 52 yards in their 41-31 victory over the Tampa Bay Buccaneers. Teammates praised him as "the best" and "the MVP," with safety Kyle Hamilton drawing a comparison to LeBron James. Now a frontrunner for a third MVP award, Jackson stated, "I'm chasing something right now."

OTHER NEWS

🎓 Biden Extends Student Loan Repayment Freeze for 8 Million Borrowers

The Biden administration has extended the student loan repayment freeze for about 8 million borrowers for at least six more months, affecting those enrolled in the "Saving on a Valuable Education" (SAVE) plan, which faces legal challenges. President Biden emphasized his commitment to reducing student debt, stating, "More than 1 million public service workers have received debt relief during my administration."

🩺 Harvey Weinstein Faces Cancer Diagnosis

Harvey Weinstein has been diagnosed with chronic myeloid leukemia while serving his sentence at Rikers Island, NBC News reports. This diagnosis follows health issues, including emergency heart surgery and a COVID-19 infection. Currently awaiting a retrial in November for sexual assault charges, Weinstein's legal healthcare representative expressed concern over public speculation about his health, stating, "We express profound dismay at the speculation."  

🚨 Elon Musk Faces Backlash Over $1M Voter Prize

Elon Musk announced a $1 million daily giveaway to registered voters in battleground states, aiming to boost support for Donald Trump. Experts, including Pennsylvania Governor Josh Shapiro, warn this could violate federal laws against paying for voter registration. David Becker, an election law specialist, stated, “This isn’t a particularly close case — this is exactly what the statute was designed to criminalize.”

THIS DAY THAT YEAR

Source - Britannica

On October 22nd, 2010, WikiLeaks, founded by Julian Assange, released thousands of classified U.S. documents detailing the wars in Iraq and Afghanistan. The release ignited global debates about government transparency and the ethics of information sharing.

BRAIN TEASER

How do you fix a broken jack-o-lantern?

Nailed it or stumped? Hit us with a reply and find the correct answer 🎯

Here’s what Yeterday’s teaser was:

Never resting, never still. Moving silently from hill to hill. It does not walk, run or trot. All is cool where it is not. What am I ?

The answer is: Sunshine

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