High valuations and debt put sector in danger, while fund also warns on government borrowing and cyber-attacks

• IMF warns global economy ‘could soon test the limits of resilience’

The threat of an AI share price crash rippling out across global markets is putting world financial stability at risk, the International Monetary fund has warned.

In its twice-yearly Global Financial Stability Report, the IMF highlighted the sky-high valuations for AI companies along with their increasing debt pile as one reason that risks in the system are “elevated”.

• NLCS Game 2: LA Dodgers 4-7 Milwaukee Brewers

• Reigning champions 2-0 down in best-of-seven series

• Guardians take Game 1 of ALCS against Rays

William Contreras hit a tying homer in the fifth and singled home the go-ahead run an inning later as the Milwaukee Brewers defeated the Los Angeles Dodgers 7-4 on Monday in Game 2 of the National League Championship Series.

Four relievers combined to retire the last 15 Dodgers batters in order as the Brewers took a 2-0 lead over the two-time defending World Series champions in this best-of-seven series, which heads to Los Angeles for Game 3 on Wednesday.

Six Flags says nine rollercoasters across six amusement parks temporarily closed after reported fatal incident on Goliath ride in Georgia

Theme park company Six Flags temporarily closed nine rollercoasters across six amusement parks on Monday after one person died and several others were injured in an incident involving a coaster in Georgia.

A spokesperson for the park said they closed similar attractions across their parks “out of an abundance of caution” after the incident at Six Flags Over Georgia, about 15 miles (24km) north-west of Atlanta.

Timothy Broglio says Catholics on army firing squad should ask to be excused since it clashes with church teachings

The archbishop who oversees the spiritual care of Catholics serving in the US military condemned the Pentagon’s proposed plans to livestream the firing squad execution of Nidal Hasan later this year.

Archbishop Timothy Broglio also stipulated in a Monday statement that any Catholic soldier assigned to the US army firing squad should ask to be excused from that duty, which he described as contrary to the teachings of the church. He joins other Catholic leaders in speaking out against the death penalty and the live stream plans.

• Ernest Jones IV was not wearing helmet during incident

• Linebacker will miss game against Commanders

San Francisco 49ers linebacker Dre Greenlaw was suspended for one game after headbutting Seattle’s Ernest Jones IV in the wake of a late hit on the Seahawks sideline.

The NFL issued the suspension on Monday, saying the headbutt of a player without a helmet during Sunday’s 32-29 win against Seattle was “contrary to the generally understood principles of sportsmanship.”

Top House Democrats question the ‘corrupt weaponization’ of federal government against Trump’s adversaries

Ilhan Omar’s Democratic colleagues have condemned federal agents’ search of the Minnesota congresswoman’s home on Monday morning, describing it as “deeply disturbing” and emblematic of the Trump administration’s “corrupt weaponization” of the US government.

House Democratic leaders, including the minority leader, Hakeem Jeffries, party whip Katherine Clark and caucus chair Pete Aguilar, issued a joint statement excoriating the president for the search.

Runners in Moab 240 successfully evacuated from race route after flooding from remnants of tropical storm Rachel

About 70 runners participating in Utah’s Moab 240 ultramarathon were successfully evacuated from the race route on Sunday after being stranded by flooding stemming from the remnants of Tropical Storm Rachel.

The event’s host, Destination Trail, addressed the emergency rescue effort in a social media statement which confirmed that all runners were safe and accounted for.

Ana Reyes demands Trump officials explain East Potomac tree cutting saying it will probably cause ‘irreparable harm’

US district judge Ana Reyes on Monday ordered a 24-hour halt to tree cutting at the historic East Potomac golf course while she decides on an emergency order from plaintiffs concerned that Donald Trump’s plans for the course are moving forward despite a pending court case challenging them.

“Tree removal for routine maintenance is not exempt from this order,” Reyes wrote. “Plaintiffs are likely to suffer immediate and irreparable harm in the absence of preliminary relief.

Mayor calls for end to agency’s operations in city after agents shot and wounded man with five-year-old in car

The New York mayor, Zohran Mamdani, on Sunday compared US Immigration and Customs Enforcement (ICE)’s recent shooting of a man in the Manhattan enclave of Marble Hill to a mass shooting scene – and called for an end to the agency’s operations in his city.

Mamdani’s joined MS NOW’s Jacob Soboroff for his first media interview since ICE agents shot and wounded Oscar Belgal, 28, during an enforcement operation while he was in his car with his five-year-old child also inside.

JoAnna Mendoza draws on unique biography to connect with voters in Arizona battleground – can she flip a key swing seat?

On a recent morning, Tucson mayor Regina Romero knocked on a yellow door above a mat emblazoned with a cat’s silhouette and the words “go away, peasants”. A young man cracked the door open and stood there silently, a toothbrush dangling from his mouth.

After giving him a moment to finish brushing his teeth, the mayor introduced herself and asked if the man had heard of JoAnna Mendoza, the Democrat running to unseat Republican congressman Juan Ciscomani. Romero handed him a pamphlet and rattled off her candidate’s virtues. The young man stood stone-faced, until she mentioned that Mendoza had served for nearly two decades as a US marine.

• NBA star wore jersey during 1998 NBA finals

• Jordan memorabilia has attracted huge attention

A jersey worn by Michael Jordan during the 1998 NBA finals has been sold for $14m, an auction house announced on Monday, in what it said is the highest price ever paid for a piece of basketball memorabilia.

Hunt Auctions said Miami real estate investor Ron Firman had bought the jersey in a private sale. Jordan wore the red jersey in Game 2 of the 1998 finals; he and the Chicago Bulls beat the Utah Jazz that night to even the series at a game apiece. Jordan and the Bulls would go on to win the series in six games, the sixth and final title of his Hall of Fame career. That 1997-98 season was the subject of the Last Dance documentary series, which became a hit on Netflix in 2020.

New York judge also orders administration to cancel remaining portion of a $20m advertising purchase

A federal judge has ordered Donald Trump’s administration to temporarily halt the broadcast of taxpayer-funded television ads promoting the president ahead of the 3 November midterm elections.

Effective as of 6.45pm ET on Sunday, US district judge Jennifer L Rochon of the southern district of New York issued a temporary restraining order aimed at the ads that is meant to stay in effect for at least 14 days.

It’s not just that the club’s recent charges themselves are unprecedented – it’s the language used to describe them too

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The language of football is a fine and highly nuanced dialect. The majority of people involved in the game speak it with a high degree of sophistication. Minor deviations from the familiar, almost imperceptible to outsiders, can set off alarm bells: what’s really going on there? Why isn’t he happy? What’s she hinting at? But it’s an argot developed to talk about football, and when applied to other subjects, it can sound extremely jarring.

Erling Haaland is one of the brighter, more engaging players. There’s an appealing quirkiness to him that suggests he has a higher-than-usual level of self-awareness. He doesn’t mind stepping outside the norms, being a bit different. But consider his assessment of Manchester City’s 3-0 win at Liverpool on Sunday.

Researchers will head to remote Pacific atoll, but sceptics say satellite images unlikely to be of her aircraft

A team of US researchers is approaching a remote Pacific atoll where they suspect the famed aviator Amelia Earhart crash-landed in 1937, in the latest attempt to crack one of the biggest mysteries of the 20th century.

The 17-person expedition was inspired by satellite images taken over several years showing a submerged object in the uninhabited island’s sandy lagoon – evidence dismissed by other longtime Earhart sleuths who say it is probably a fallen tree.

A businessman wanted in the US for allegedly bribing top Venezuelan officials has been taken into custody

A businessman wanted for years in the US for allegedly paying bribes to top Venezuelan officials in exchange for lucrative state contracts in Venezuela has been taken into custody.

Alvaro Pulido was indicted in Miami federal court in 2019 and again in 2021 as part of an investigation into his longtime business partner, Alex Saab, a one-time ally of ousted Venezuelan president Nicolás Maduro. The US Drug Enforcement Administration (DEA) and the state department had been offering a reward of up to $10m for information leading to his arrest.

Boaz Weinstein’s hedge fund is waging an aggressive campaign against the FTSE 250’s Baillie Gifford US Growth Trust

• Business live – latest updates

Here we go again: another episode in the Saba saga, the story of a New York hedge fund causing havoc in the UK investment trust sector by taking big stakes in funds and then demanding change, often in only vague terms.

The best that can be said about Saba Capital (and it’s not much) is that its belligerent boss, Boaz Weinstein, has disturbed the complacency that used to infect corners of the UK investment trust world, meaning companies that invest in other companies. It is now harder for a board to do nothing if the share price sits at a wide discount to the value of the underlying assets for long periods.

Planting cover crops or perennial plants can protect soil amid potential flooding. Congress must act to protect these practices

As forecasters warn that this year’s El Niño could become the strongest on record, concerns are growing about its effect on agriculture and food security.

The United States will not be hit nearly as hard as Central and South America, the Caribbean and southern Africa, but severe weather could cause significant crop loss in some parts of the country.

Liz Carlisle is associate professor of environmental studies at UC Santa Barbara. She is the author of Healing Grounds: Climate, Justice, and the Deep Roots of Regenerative Farming and co-editor of Living Roots: The Promise of Perennial Foods

Trump and key allies have accused Omar of immigration fraud, and have called to expel her from the country

Federal agents searched Representative Ilhan Omar’s home on Monday morning as part of a criminal investigation, according to the Department of Justice and reports in the Associated Press and Fox News.

In a social media post later on Monday, Omar criticized the raid as an attempt by the Trump administration “to target political enemies and weaponize law enforcement” and said she would “not be silenced”.

The debt-collection ecosystem will change as AI takes notes in exam rooms, codes visits and sends billing messages

Medical debt is expected to grow in coming years as Republican-led health cuts come into force this winter. As it does, a changing world of medical billing and debt collection awaits patients: one where artificial intelligence increasingly listens, codes, bills and collects.

Artificial intelligence takes notes in exam rooms, codes visits, sends out billing messages and powers AI agents who text patients in billing portals – all changing the debt-collection ecosystem.

Children’s Health Defense and RFK Jr publicly dispute recent measles deaths to ‘distract’ from damage caused and question vaccines, experts say

The six-year-old girl at the children’s hospital in Lubbock, Texas, burned with fever and struggled to breathe. Doctors soon put her on a ventilator, snaking a thick tube down the child’s throat so a machine could breathe for her; they placed IVs to rehydrate her tiny body and they prescribed antibiotics for any bacterial infections that may have taken hold in the weeks she had spent at home battling measles.

But it was too late. Within a day of being ventilated, the child went into shock, her blood pressure crashed and she went into cardiac arrest. She could not be resuscitated. Her family, and the nation, mourned: she was the first child to die of measles in the US in a decade.

The rise of AI makes the preservation of democracy even more urgent – especially as the technology threatens institutions

AI safety is having a moment. After years as a topic for techies and futurists, the potential risks from artificial intelligence systems – from cyber-attacks to hyper-persuasion to rogue behavior – are suddenly under discussion both in the corridors of power and around kitchen tables.

In fact, the conversation now reaches beyond classical safety concerns, getting into AI’s impact on economic life and the environment, as well as possible responses, from alignment research to government regulation.

Ukrainian president says the deal is ‘news to me’ and that Russia is still attacking energy infrastructure. Plus, investigation into continuing mystery of Havana syndrome

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Good morning. The Ukrainian president, Volodymyr Zelenskyy, has said it was “news to me” after Donald Trump announced a partial ceasefire deal in the Ukraine war. The US president had posted to social media to say: “Effective immediately, there is an ENERGY CEASEFIRE in the War between Russia and Ukraine. Both parties have agreed.”

There was no sign that the Kremlin was observing Trump’s ceasefire. According to Zelenskyy, Russian drones took to the sky “throughout the day” on Sunday and there were several airstrikes, including on energy infrastructure. He said Russia hit a power station in Kharkiv – the latest of more than 200 strikes during the past week against electricity generation and transmission facilities in Ukraine.

How has the prospect of a deal been welcomed? Despite the unconventional nature of the announcement, the ceasefire appeared to garner support from Ukraine’s key western allies. The French president, Emmanuel Macron, said Paris supported a “real energy ceasefire” and the UK prime minister, Andy Burnham, said a sustained energy ceasefire was “the best route to get energy and fuel back into world markets”.

Will Trump’s deal with Putin bring down gas prices? The agreement to temporarily lift sanctions on US imports of Russian diesel will have little “meaningful” effect on motorists and businesses in the US and overseas, energy and foreign policy analysts have predicted.

Gwinnett county is home to many immigrants and other newcomers, and how it votes could be decisive for Congress

Johanna Park might just be an ambassador for Gwinnett county, Georgia, one of the 10 most ethnically diverse counties in the United States.

Park owns Cafe Amico at Suwanee Town Center, one of her three Italian coffee shops in the area just north of Atlanta. She was born in Korea and lived much of her life in Argentina and Peru. She’s been in Gwinnett for more than 20 years, part of an early wave of Korean immigration that’s built Korean American car dealerships, banks, insurance agencies, supermarkets and restaurants like her own. It’s also a population that’s increasing in influence and not just numbers.

From restaurants to farms to healthcare, the US president’s hardline policies have reshaped Americans’ daily lives

If there is one campaign promise that Donald Trump has kept, it is his pledge to deliver “mass deportations”.

Two years later, voters are living uneasily with the consequences.

As an alleged 2024 gang-rape at Cornell comes to light, universities are grappling with a choice: student safety or alumni donations

Daniel R Schwarz, an 85-year-old English literature emeritus professor, still works at Cornell University after 59 years because he loves teaching and “watching young people grow”, he said.

Most of his students, he also said, have not been part of fraternities at Cornell in Ithaca, New York, where seven men allegedly gang-raped a woman in 2024.

Ukrainian leader says he was surprised by Trump’s ‘energy ceasefire’ announcement, posted as Russian drones hit Kyiv

Volodymyr Zelenskyy has vowed to respond to Russia’s continuing attacks on the Ukrainian power grid as European leaders rally around Kyiv amid a feud with Donald Trump over Ukraine’s strikes on oil refineries.

Speaking to a gathering of European security officials in Warsaw on Monday, the Ukrainian president said Kyiv would retaliate if strikes on its power grid continued: “If Russia does not agree to an energy ceasefire this winter, we will respond.”

In a recent visit to Greece, the secretary of state suggested that Europe must rediscover the values of conquest and expansion

They had obviously worked hard on the backdrop – and it was magnificent. On 7 October, the US secretary of state, Marco Rubio, delivered a major speech in Athens, outdoors, with the Acropolis behind him. The sun was setting, bathing the ancient scene, including the Parthenon, in the light of the golden hour.

The golden hour, but yet not quite the golden age. This was not Pericles defending democracy. Instead, Rubio offered a haunting vision of the choices facing the west, arguing that the US and Europe must rediscover the values of exploration and conquest that once drove centuries of expansion, or face decline and irrelevance.

Roger Marshall says he has ‘no idea how this happened’ and repaid bill double for 2020 election watch party treats

The Republican US senator Roger Marshall says he has finally paid off a bakery debt – after six years and repeated collection attempts reported by a Kansas business that had supplied a large order of treats for a 2020 election watch party.

“We have absolutely no idea how this happened”, the Kansas senator wrote in a social media post containing a screenshot of the payment on a $678.75 invoice from Holly’s Sweet Treats as well as his $1,300 payment. “And we have repaid the bill … double.”

Quite a few parents aren’t convinced social media and AI are safe, and have been adapting accordingly

When it comes to their kids, many parents don’t trust tech companies any more.

Social media companies have spent the better part of the last decade arguing that their platforms are safe for teens, but quite a few parents aren’t convinced. They, along with a growing number of regulators, have increasingly accused companies like Meta of designing products that are addictive to younger users.

After three straight game-winning drives, Cleveland’s quarterback was sacked eight times in a dismal defeat that punctured the hype surrounding him

I guess the New York Jets didn’t get the memo. This was supposed to be a Deshaun Watson lovefest. A day where, much to the chagrin of those of us with a moral compass and a functional memory, football fans worldwide could declare Watson was “so back” and that the Browns were in some blinkered, alternate universe, a Super Bowl contender. No such luck, as the Browns looked like the Browns – reminding an otherwise jubilant city of Cleveland that they are trapped in the sports equivalent of the Backrooms.

Limping along for 155 passing yards and one touchdown, Watson fell to Earth harder than David Bowie in a Nicolas Roeg film (yes, I just watched the Dennis Miller Monday Night Football documentary on HBO). He completed fewer than 50% of his passes and ended the day with a 69.6 passer rating. I should also probably mention he got sacked eight times. Yes, eight times. EIGHT TIMES. He only completed seven more passes than he received punishing hits behind the line of scrimmage. It was a performance NBC NFL writer Patrick Daugherty called “unspeakably bad.” Actually, I think the performance was very much speakable, as I’ve demonstrated here. Stick around for another 400 words.

The latest attack by Houthi rebels on Saudi Arabia may prove to be more calamitous for the region than the world imagines

On Saturday, Houthi rebels launched a shocking and deadly attack on Saudi Arabia’s capital city, Riyadh. At the time of writing, the missile strike on King Khalid international airport has killed at least 13 people and left 300 injured, marking a significant turn in a regional conflagration that is only getting more intense. It was the single most deadly attack on any Gulf country since the US and Israel launched their war on Iran in February. In Saudi Arabia, a country that is unaccustomed to such fatalities, the death toll is bewilderingly high and likely to prompt a bloody response.

Over the past year, the Gulf has entered a new era of instability that is not temporary and cannot be reversed. This may feel like an overstatement – casualties have been relatively low, after all, compared with Gaza and Iran – but the gradual erosion of peace and security in places such as Saudi Arabia, Qatar and the UAE has changed the region more dramatically than its leaders would like to acknowledge.

Nesrine Malik is a Guardian columnist

• Turang homers off Skubal as Brewers take Game 1

• Lara’s fifth-inning single breaks 1-1 deadlock

• Milwaukee end seven-game playoff skid against LA

Brice Turang homered off Tarik Skubal and Milwaukee’s bullpen shut down the Los Angeles Dodgers after Jacob Misiorowski’s taxing outing, sending the Brewers to a 2-1 victory in the National League Championship Series opener on Sunday night.

Luis Lara hit a tiebreaking single off Skubal in the fifth inning as Milwaukee took Game 1 in the first NLCS matchup of 100-win teams since the Cincinnati Reds eliminated the Philadelphia Phillies in 1976. The Brewers had lost seven consecutive postseason games against the Dodgers, including a sweep in last year’s NLCS.