As US-Canada tensions flare, who’s calling the shots in Trump’s trade team?

31 August 2026 at 13:00

US trade representative Jamieson Greer has a level-headed reputation but commerce secretary Howard Lutnick and White House adviser Peter Navarro also have key roles

Having reportedly read Victor Hugo’s Les Misérables, in French, during a military tour of duty in Iraq, Jamieson Greer considered himself an unlikely target for accusations of francophobia.

But Donald Trump’s US trade representative, hitherto one of the president’s less high-profile cabinet members, found himself in that uncomfortable position amid the acrimonious collapse of bilateral trade talks with Canada that now threatens to degenerate into an all-out trade war between the two close trading partners whose economies are tightly intertwined.

OnlyFans and AI training: why gen Z doesn’t care where our money comes from | Alice Lassman

The Guardian

By: Alice Lassman

31 August 2026 at 12:00

With traditional goals such as stability and home ownership feeling out of reach, young people are focused on the present

By now, we all know the shape of financial nihilism: the throw-your-money-at-anything reaction to the dissolution of the slow, linear path to wealth; the prediction markets, meme stocks, cryptocurrencies and microluxuries growing in its place. We’re left in an economic no man’s land. But financial nihilism only describes where we put our money. What about how we earn it in the first place?

The modern economy has long relied on our need for stable employment – to pay the mortgage, to keep our kids fed, or, for some, to chase prestige and power – to generate the work ethic that keeps the wheel of production turning. None of this is going well for young people. Our jobs are insecure, we can’t afford houses, we’re deferring having kids (if we have them at all), and only 6% of us say a leadership position is our primary career goal. Hope is one of the economy’s most productive inputs, powering our willingness to endure long hours. When the production function of income – the mechanism that turns hard work into a stable salary, then a mortgage, then a pension – breaks down, so does our relationship with the input. I call this production nihilism: my generation’s growing indifference to the kinds of work we’re willing to participate in, and where we’re willing to earn.

AI could cause global economic downturn, Bank of England governor tells G20

The Guardian

By: Simon Goodley

31 August 2026 at 12:00

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”.

U.S. plans to sanction another bank in effort to clamp down on Iran transactions, Bessent tells AP

PBS News Hour - The Latest

By: Fatima Hussein · Associated Press

31 August 2026 at 01:28

"This is going to be financial violence if we have to," Bessent said in the interview. "We are showing people that we know who you are, you know who you are, and this has got to stop."

Qantas ground crews vote for right to strike amid pay dispute – as it happened

World news | The Guardian

By: Achol Arok and Nick Visser

31 August 2026 at 10:48

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The Australian government is working with Russian officials in a bid to secure the release of Australian Oscar Jenkins, Matt Thistlethwaite says.

Speaking to ABC news breakfast, the assistant minister for foreign affairs declined to answer whether a prisoner swap was on the table.

Obviously, we try and negotiate as best we can on behalf of all Australians who find themselves in difficulties such as this. We obviously have to abide by international laws and we always uphold them. But the Australian officials on the ground will work with their counterparts to ensure that, hopefully he’s returned to Australia safely.

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