Anna's Daybreak News

Good morning news friends! Ignite your curiosity and stay in the know with our delectable feast of breaking stories.

• US bank regulators set to release plans for a sweeping overhaul of capital rules, with the latest draft including requirements for large lenders’ residential mortgages that go beyond international standards.


• These changes are part of the US version of a global accord known as Basel III that followed the financial crisis.


• The plans are poised to be unveiled July 27 by the Federal Reserve, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency.


• Looks like Wall Street banks will have to update their knowledge on residential mortgages -- or else!
Source: Read More

• Record-breaking heat is scorching the US, Europe, and China, with temperatures soaring towards alarming highs.


• The US is experiencing record-setting heat in the West and South, floods in the Northeast, and wildfire smoke in the Midwest.


• In Asia, Europe, and the US, authorities have issued heat-related health warnings.


• The international charitable organization Salvation Army is providing aid to those in need of relief from the extreme temperatures.


• Meanwhile, climate talks between the United States and China resume in Beijing, as scientists predict that the global warming target of 1.5 degrees Celsius of pre-industrial levels is fast becoming unattainable.


• The US and China are discussing joint action to reduce methane emissions and coal-fired power in an attempt to address this global crisis - which may already be beyond repair
Source: Read More

• The latest version of AI technology - GPT-4 - is powering 'AI helpers' with greater autonomy


• These AI agents are able to assist with complex tasks like ordering food, creating investment strategies, or summarizing work meetings


• The industry is pushing towards Artificial General Intelligence (AGI) - AI that can equal or surpass humans in myriad cognitive tasks


• It's only a matter of time before humans become the 'assistants' - so get ready for The Robot Revolution
Source: Read More

• The U.N. and Turkey brokered a deal in July 2021 that allowed for the safe Black Sea export of Ukraine's grain.


• The deal expired on Monday after Russia quit, citing a lack of progress on improving its own grain exports.


• Ukraine is the world’s fifth largest wheat exporter, and one of the world’s largest exporters of Sunseeds and Corn.


• Russia is the world’s largest wheat exporter, largest fertilizer exporter, and the second largest oil exporter.


• Almost half of all of Russia’s crude oil exports are shipped via tanker out of the Black Sea, raising the risk of disruption to the global economy from a breakdown in remote and arcane international agreements.


• U.N. Secretary-General Antonio Guterres said the agreement has benefited people in need by helping lower food prices by more than 20%.


• Looks like Ukrainians, and the world at large, are playing Russian Roulette with food security.
Source : Read More

Baked with love,

Anna Eisenberg ❤️