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Gaza cancer patients face rising death rate due to Israeli control

Gaza cancer patients are dying at two to three ​times the pace they did before the start of the genocide in the territory, as Israel blocks many from travelling for treatment after destroying the only ‌local specialised facility. Israel blew up Gaza's specialised cancer hospital last year after claiming that troops found a tunnel used by Hamas running beneath it, a claim that they have yet to substantiate. That means that an estimated 17,000 Gazans with cancer have no local option for chemotherapy or other advanced therapy. Practically no Palestinians can afford to travel for treatment, and those who can face Israeli restrictions. The military imposes strict caps on daily crossings to Egypt, despite a 2025 Israel-Hamas ​"ceasefire" deal that requires free movement in and out. Asked for comment, COGAT, the Israeli military agency that controls access to Gaza, said it coordinates medical evacuations with the ​World Health Organisation. To depart, Gazans mus...

Tech market values fall on AI costs and recession fears

Market values of major technology companies declined significantly in August, driven by mounting concerns over the rising costs associated with artificial intelligence infrastructure and fears of an impending recession. The combined effect of these factors has heightened vulnerabilities for tech stocks, particularly as investors brace for potential market corrections. Alphabet Inc. saw a 4.7% decrease in its market value last month. This decline was largely attributed to a slowdown in YouTube's advertising revenue, which raised doubts about the company's future earnings. Additionally, a recent US judge's ruling found Google in violation of antitrust laws, further compounded by increasing competition from OpenAI, which is advancing an AI-based search engine prototype. In the automotive sector, Tesla faced challenges as it began exporting Shanghai-made electric vehicles to Canada. Concerns have arisen regarding the impact of this shift on profits, especially given the higher costs associated with the company's US production facilities. Nvidia, a leading player in the AI chip market, experienced a notable 7.7% drop in market value in the final week of August, bringing its valuation to $2.92 trillion. The company reported third-quarter gross margins below market estimates and revenues that only met expectations, which fell short of investor hopes for a stronger performance. Despite commanding over 80% of the AI chip market, Nvidia's struggles highlight the delicate balance it faces between being a key enabler and beneficiary of AI advancements. On a more positive note, US drugmaker Eli Lilly saw its market value surge nearly 20% in August. The increase was driven by strong sales and the successful launch of a new weight-loss drug, which significantly reduces the risk of type 2 diabetes in overweight adults. Berkshire Hathaway also marked a milestone by closing above $1 trillion in market value at the end of August. This achievement reflects investor confidence in the conglomerate, which has been built by Warren Buffett over nearly six decades and is seen as a barometer for the US economy.

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