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  • Central banks face dilemma over rise of dollar-backed stablecoins – Financial Times

    Central banks face dilemma over rise of dollar-backed stablecoins – Financial Times

    1. Central banks face dilemma over rise of dollar-backed stablecoins  Financial Times
    2. Andrew Bailey warns banks against issuing their own stablecoins  The Times
    3. Bank of England Governor Doubts the UK Needs a ‘Britcoin’ CBDC  Decrypt
    4. Bank of England: stablecoins are no substitute for commercial bank money  ledgerinsights.com
    5. ‘Urgent’ need for digital reform of banking payments, says Bank of England boss  North Norfolk News

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  • NBA 2K26 Summer League: Johni Broome powers 76ers past Mavericks

    NBA 2K26 Summer League: Johni Broome powers 76ers past Mavericks

    Johni Broome posts his 2nd straight double-double with a dominant 22-point, 14-rebound performance Wednesday.

    • Download the NBA App
    • Summer League: Complete Coverage


    • 76ers 90, Mavericks 82: Box Score | Game Detail

    Johni Broome and Mark Armstrong scored 22 points each to lead the Philadelphia 76ers to a 90-82 win over the Dallas Mavericks in the NBA 2K26 Summer League at Thomas and Mack Center on Wednesday evening.

    Armstrong did most of his damage early in the game, as he had 18 points on 6-for-10 shooting by halftime. On the contrary, Broome picked up the pace in the second half, where he scored 13 of his points, on his way to 8-for-19 shooting on the night.

    The Sixers jumped out to a quick start and earned a nine-point lead after one quarter. The Mavs bounced back in the second, outscoring the opponents by 11 in the frame, to take a two-point lead into the break. Both teams came out hot in the third, but the 76ers were able to reclaim the edge with a two-point advantage to open the final frame. The Sixers kept the momentum going in the fourth and rallied to a 10-point lead with just over six minutes left, which was enough of a cushion for them to maintain control the rest of the way.

    The 76ers had a total of four players score in double digits, including Keve Aluma, with 17, and Judah Mintz, with 14. Broome also had a game-high 14 rebounds to go with his 22 points, while Armstrong chipped in three assists and two steals.

    On the other side, Maxwell Lewis led the Mavericks with 23 points on 10-for-20 shooting, including 3-for-8 from deep. Miles Kelly followed up with 21 points, five rebounds, two steals and a block, while Jordan Hall racked up 17 points, five rebounds and nine assists.

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  • China’s Xizang reports gains against endemic diseases

    China’s Xizang reports gains against endemic diseases

    LHASA — Southwest China”s Xizang autonomous region has achieved significant results in preventing and treating endemic diseases, the regional health authority said Wednesday.

    In 2023 and 2024, the region screened more than 1.7 million people for echinococcosis (hydatid disease), treating over 6,000 with medication and performing surgery on 675. The human infection rate decreased to 0.16 percent in 2024 from 0.22 percent in 2022, mainly due to effective dog management and rodent control.

    Xizang reported no new cases of Kashin-Beck disease, a historically prevalent condition in the region also known as the “big bone disease,” since 2018, citing measures such as improved water and grain quality, as well as relocation.

    Addressing the high incidence of congenital heart disease (CHD) in children, Xizang has raised the number of designated hospitals from three to five, with routine and standardized screening and treatment. Since 2023, more than 300,000 children have been screened for the disease, leading to over 800 surgical procedures. The proportion of CHD surgeries performed within the region rose from 3.9 percent to 46.25 percent.

    Health check-up subsidies increased to 164 yuan (about $22.9) per person in 2025, with 200 yuan allocated for those aged 65 and over. Cataract screening is now a mandatory part of the check-up for this age group. Designated cataract surgery hospitals grew from 35 to 45 since 2023, treating 22,000 patients.

    Tan Xiangdong, deputy director of the regional health commission, said that efforts will continue to address pressing public health needs.

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  • Jennifer Garner’s beau John Miller respects her coparenting dynamic with Ben Affleck

    Jennifer Garner’s beau John Miller respects her coparenting dynamic with Ben Affleck

    John Miller supports Jennifer Garner for her coparenting dynamic with Ben Affleck

    Jennifer Garner’s boyfriend John Miller has nothing but “respect” for the actress’s coparenting relationship with ex Ben Affleck.

    A source privy to People told the outlet that Miller has “embraced” Garner’s motherhood responsibilities, and he fully supports her coparenting dynamic with her ex husband too.

    “John has embraced Jen’s family life,” the tipster said.

    The insider continued, “He’s been patient, supportive, and deeply respectful of her dynamic with Ben and the kids.”

    It is pertinent to mention that Garner shares three kids with Affleck: Seraphina, 16, Samuel, 13, and 19-year-old Violet.

    The former couple were married for almost a decade from 2005 to 2015.

    The 53-year-old actress and businessman beau, known for his tech company that owns CaliBurger restaurant chain, “hit a stride as a couple and those who know them say this is the most solid and connected they’ve ever been.”

    For those unversed, Miller and the 13 Going on 30 actress have been quietly dating on-and-off since 2018.


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  • Giant asteroid to pass Earth.. ? NASA warns..

    Giant asteroid to pass Earth.. ? NASA warns..

    Today, the asteroid’ ‘2022 YS5’ is going to come very close to Earth. Scientists have warned that this asteroid, which is about 120 feet in diameter, will pass Earth at a speed of 22,500 km/h, and if its path changes, it will pose a threat to the Earth. This asteroid will pass Earth at a distance of about 4.15 million kilometers. This may seem like a huge distance to us on Earth. But in terms of space, it is considered close. Its speed and distance have created a crisis that requires this asteroid to be monitored. According to NASA’s CNEOS Center, the ‘2022 YS5’ asteroid is about the size of a 10-story building. However, it is not large enough to be classified as a “potentially hazardous” asteroid. This means that if it hits Earth, it will not cause a catastrophe. The effects will be minimal.
    Although ‘2022 YS5’ is not directly harmful, experts warn that its direction may change over time due to factors such as gravity or solar radiation. This makes it important to continue monitoring near-Earth objects.NASA will only classify an asteroid as “potentially hazardous” if it is more than 85 meters in diameter and passes within 7.4 million kilometers of Earth. Since 2022, YS5 has not met these criteria, and it is not considered hazardous.

    Often, meteorites of this size break up and explode in the atmosphere before hitting the ground. This is called an “airburst.” Meteorites that break up in this way can cause damage in many places. Not only that, the atmospheric explosion creates a powerful shock wave. This shock wave can spread over thousands of square kilometers and break windows. If this stone hits the head, it will create a crater with a diameter of 1,200 feet to 2,400 feet. Studies have shown that this can cause earthquakes and tsunamis if it falls into the ocean.


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  • The surge of XFG (Stratus) as the next dominant variant of Omicron globally

    The surge of XFG (Stratus) as the next dominant variant of Omicron globally

    More than five years after its initial emergence, COVID-19 continues to evolve, with the World Health Organization (WHO) recently designating XFG, nicknamed “Stratus,” as a new variant under monitoring in late June 2025. XFG, which is rapidly outpacing its predecessor, Nimbus, is a recombinant Omicron subvariant that has been found in increasing proportions globally, particularly in India, Spain, the United Kingdom and the United States. 

    Despite its spread, the WHO currently assesses the additional public health risk posed by XFG as low at the global level, with existing COVID-19 vaccines expected to remain effective against symptomatic and severe disease. However, this ongoing viral evolution and transmission occurs amidst a devastating crisis in US public health, driven by sweeping policy shifts and budget cuts.

    Artist’s conception of the spike proteins that allow SARS-CoV-2 to invade human cells. [Photo by Emanresucamit / CC BY-SA 4.0]

    With respect to recent scientific analysis on XFG, in a Lancet Correspondence, Caiwan Guo and colleagues from Biomedical Pioneering Innovation Center (BIOPIC) at Peking University explained that XFG is a recombinant variant, meaning it emerged from two existing subvariants, LF.7 and LP.8.1.2, sharing genetic material from both. It has four important mutations in its spike protein, which is the part of the virus that helps it attach to human cells.

    Some of these mutations are thought to help it evade certain antibodies, meaning our existing immune protection from past infections or vaccinations might not work as well. Early lab studies suggest XFG has a nearly two-fold reduction in neutralization compared to LP.8.1.1, indicating strong immune evasion. However, its ability to attach to human cells (ACE2 engagement efficiency) is relatively low, which might require additional changes for it to spread widely and consistently.

    It was first detected on January 27, 2025. By June 22, 2025, it accounted for 22.7 percent of globally available SARS-CoV-2 sequences from 38 countries, a significant increase from 7.4 percent four weeks prior. It presently accounts for at least 30 percent of all SARS-CoV-2 variants in the US.

    The only accurate and comprehensive review of the state of the pandemic in the US and internationally remains the Pandemic Mitigation Collaborative (PMC), run by Dr. Mike Hoerger at Tulane University. This underscores the deep crisis of public health, as previously checked diseases like measles  have recently resurfaced as a threat to American population. 

    According to their latest forecast, as of its report on July 14, 2025, the PMC model estimates approximately 2.3 million new infections per week in the U.S. This rate is forecasted to increase, potentially reaching 500,000 daily infections around July 30 (or 3.5 million a week, an increase of more than 50 percent).

    While earlier estimates based on reported test cases suggested a much lower figure of around 50,000 new infections per day, updated analysis using wastewater data indicates a significantly higher range of 300,000 to 600,000 new daily infections, translating to 9 million to 18 million infections per month in the US.

    Marty Makary (left), Robert F. Kennedy, Jr. (center) and Jay Bhattacharya (right) announcing restricted access to anti-COVID vaccines in video posted on X/Twitter [Photo: HHS]

    Wastewater surveillance is now the most reliable population-level tool for assessing true infection rates, as many infections go unrecorded due to reduced testing and reporting. Extrapolating these U.S. wastewater-based rates to the global population, an estimated 216 million to 432 million people worldwide may be newly infected with SARS-CoV-2 each month as of mid-2025. This global extrapolation is considered reasonable, given the comparable wastewater surveillance trends observed in other developed nations like Germany and Australia.

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  • Iron Ore Hits Two-Month High as China Policy Hopes Buoy Demand

    Iron Ore Hits Two-Month High as China Policy Hopes Buoy Demand

    Iron ore climbed to a two-month high, with traders encouraged by China’s pledge to reduce excess competition and outdated capacity, despite the steel market’s weakening demand outlook.

    The bulk commodity rose as much as 1.3% on Thursday before paring gains. Prices have moved above $100 a ton this week for the first time since May, bolstered by Beijing’s signals that it’s determined to eradicate industrial overcapacity in a bid to improve mills’ margins. Expectations for fresh property-sector stimulus measures have improved the consumption outlook.

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  • Study: Hearing Loss and Loneliness Pave Way for Dementia

    Study: Hearing Loss and Loneliness Pave Way for Dementia

    Summary:
    A large-scale European study by the University of Geneva reveals that hearing loss significantly accelerates memory decline in older adults—especially among those experiencing loneliness—highlighting the urgent need for early hearing care and social support.

    Key Takeaways:

    1. Hearing loss and loneliness together create a high-risk pathway to dementia, even for individuals who are socially connected but still feel emotionally isolated.
    2. Three distinct social profiles were identified—isolated and lonely, connected but lonely, and isolated but not lonely—with the most cognitive decline observed in those who felt lonely despite not being socially isolated.
    3. Early hearing interventions, like hearing aids, can be effective preventive tools, particularly for those who are socially engaged but hindered by hearing difficulties.

    Isolation, communication difficulties, reduced alertness—hearing impairment or loss is a real challenge in daily life. Over time, it can also become a risk factor for cognitive decline. A team from the University of Geneva (UNIGE) analyzed data from 33,000 older adults across Europe to examine the combined impact of hearing loss and loneliness on memory. They identified three distinct profiles based on the degree of social isolation and perceived loneliness. The findings show that hearing loss accelerates cognitive decline particularly among individuals who feel lonely, regardless of whether they are socially isolated. These results, published in Communications Psychology, support the case for early and preventive hearing care.

    According to the World Health Organization (WHO), nearly 2.5 billion people will experience hearing loss or impairment by 2050. More than 25% of people over the age of 60 experience disabling hearing loss. In addition to the social challenges it creates, this loss—or reduction—is linked to a significantly increased risk of cognitive decline in later life. That risk may be two to three times higher for those affected.

    A joint team from the Lifespan Developmental Psychology Lab and the Cognitive Ageing Lab at the University of Geneva (UNIGE) set out to investigate whether the combination of hearing difficulties and feelings of loneliness—whether objectively measured or subjectively perceived—could be associated with accelerated memory decline in older age. “This is a relatively new approach,” explains Charikleia Lampraki, postdoctoral researcher in the Lifespan Lab at UNIGE’s Faculty of Psychology and Educational Sciences and first author of the study. “While some studies have suggested that this might be a promising avenue, very few research teams have actually explored it.”

    33,000 People Studied

    To conduct their analyses, the researchers drew on data from the large-scale SHARE study (Survey of Health, Ageing and Retirement in Europe)—a longitudinal survey launched in 2002 that examines the health and ageing of Europeans aged 50 and over.

    “We used data from twelve countries, including Switzerland, representing a sample of 33,000 people,” explains Andreas Ihle, assistant professor at the Lifespan Lab and director of the study. Participants are surveyed every two years on various aspects of their daily lives—such as activities, social connections, and perceptions—and undergo tests on cognitive functions like episodic memory, using standardized exercises.

    The UNIGE research team identified three distinct profiles related to the issue:

    1.    Individuals who are socially isolated and feel lonely

    2.    Individuals who are not socially isolated but still feel lonely

    3.    Individuals who are socially isolated but do not feel lonely

    Isolation and Hearing Loss: an “Explosive” Cocktail

    The scientists then examined whether these different profiles had different trajectories of cognitive decline, depending on the type of perceived isolation and the degree of hearing loss. “We found that people who were not socially isolated but who felt lonely saw their cognitive decline accelerate when they were deaf,” says Matthias Kliegel, a full professor in the Cognitive Ageing Laboratory in the UNIGE’s Faculty of Psychology and Educational Sciences, and co-author of the study.

    These findings support the importance of addressing both hearing loss and the social and emotional dimensions of individuals in efforts to prevent cognitive decline. This is particularly crucial for people who are not socially isolated but still feel lonely—in such cases, simple hearing interventions, like using a hearing aid, may be enough to help them engage more fully in social life. 

    “These individuals are already socially integrated, so it’s a matter of removing a sensory barrier in order to reinforce their engagement and protect their cognitive health,” concludes Lampraki.

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  • Singapore’s most famous landmark is undergoing an $8 billion expansion

    Singapore’s most famous landmark is undergoing an $8 billion expansion


    Singapore
    CNN
     — 

    With three 650-foot-tall skyscrapers connected across the top by a boat-like skybridge — and an Instagram-famous infinity pool — Marina Bay Sands has given Singapore one of Asia’s most recognizable skylines since opening in 2011.

    So, when the resort’s original architect was invited to design a new, fourth tower for the site, his brief from the country’s government was clear: Don’t mess with a national symbol.

    “The (Urban Redevelopment) Authority repeatedly said, ‘This is our icon; our people of Singapore love this, and we cannot do anything that’s going to compromise it,” said Israeli architect Moshe Safdie, referencing the country’s urban planning agency. “And that was very much on our minds, as well: How to make something that has its own identity but is very complementary.”

    The 87-year-old said he only entertained the idea of extending the complex’s soaring skybridge to meet the fourth tower “for a few minutes.” Instead, his new 55-floor skyscraper, which broke ground on Tuesday, sits apart from its famous neighbors on an adjacent plot of land.

    Connecting the towers would have “really compromised the existing scheme and spanning across just seemed unwise,” Safdie said, comparing his new high-rise to the dot of an exclamation point. “It would be just more of the same, whereas we really wanted to create something.”

    The $8-billion expansion plan is a testament to the commercial success of Marina Bay Sands, which contains a hotel, mall, convention center and one of only two licensed casinos in the southeast Asian city-state. The US hospitality giant behind the resort, Las Vegas Sands, said the property attracted 38 million visitors and 2.19 billion Singapore dollars ($1.7 billion) in business spending last year alone.

    Safdie’s new tower will expand the hotel’s capacity by 570 suites, while adding more luxury retail and meeting space. The architect’s eponymous firm has also designed an adjoining entertainment venue for the site.

    When the Massachusetts-based architect unveiled initial plans for the expansion in 2019, this 15,000-seat venue was situated on the far side of the fourth tower. But about a year ago, with progress stalled by Covid-19-related delays, Safdie proposed “flipping” the scheme, lodging the arena between the new skyscraper and the original three — and in turn extending the distance between them.

    “I came to the conclusion that it just didn’t feel right, and that there (wasn’t) enough space between the towers,” he explained. “It meant a lot of reworking of the access and transportation … (but it) was a quantum jump improvement.”

    The architect nonetheless wanted to create a consistent design language for the complex. For one, the new building’s boat-like roof — dubbed “Skyloop,” it will host an observation deck, restaurants and public gardens, as well as cabanas and infinity pools for hotel guests — clearly nods to the original structure’s iconic roof. “The buildings look related,” Safdie said. “They’re in the same family.”

    An aerial view of the Lower and Upper Skyloop

    At Tuesday’s groundbreaking ceremony, Singaporean Prime Minister Lawrence Wong joined Safdie on stage to mark the start of construction with a symbolic shoveling of sand. Addressing guests at the event, Wong said the new structure “will refresh our skyline.”

    The final design was, however, met with mixed reviews among Singaporeans online. On social media platform Reddit, the new tower was accused of being “out of place” and sticking out “like a sore thumb,” while being compared to a “huge dehumidifier” or a “fourth person lurking” next to its three neighbors.

    Other users were more sympathetic, suggesting that the tower will eventually “blend in naturally” with the other skyscrapers being planned in the district — which was built on 660 hectares (1,631 acres) of land reclaimed from the Singapore Strait — over the coming decades.

    “When it’s all said and done, people will feel it’s always been there,” Safdie argued. “And they will love it as much as they love this building, if not more, because I think the sum total of the two together is greater than the individual parts.”


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  • Many HIV-exposed newborns miss preventive treatment after birth

    Many HIV-exposed newborns miss preventive treatment after birth

    Newborns exposed to HIV during pregnancy or birth should receive preventive antiretroviral medication immediately after delivery to reduce the risk of transmission from mother to child.

    But a study finds that more than half of infants diagnosed with HIV in their first year of life had not received this essential postnatal treatment – suggesting their mothers’ infections may not have been detected during pregnancy.

    The study also highlights racial disparities in HIV exposure, infection and treatment: The majority of infants who had not been treated for an HIV infection after birth were Black, according to the findings in Pediatrics.

    Being born with HIV profoundly affects a child’s health and future, and we have effective tools to prevent it. When newborns aren’t getting preventive treatment, it suggests we may be missing HIV infections in pregnant women and missing critical opportunities to intervene.”


    Kengo Inagaki, M.D., senior author, pediatric infectious disease specialist at University of Michigan Health C.S. Mott Children’s Hospital

    Missed prevention in high risk infants

    Researchers analyzed Medicaid data for more than three million infants born between 2009 and 2021.

    Among 52 infants diagnosed with HIV by age one, more than half had not received the recommended postnatal antiretroviral prophylaxis.

    “Our findings point to potential gaps in prenatal HIV detection,” said Inagaki, who’s also a researcher at the U-M Medical School and with the Institute for Healthcare Policy and Innovation.

    “Universal HIV screening is recommended in the first trimester, but it’s not consistently repeated later in pregnancy, when new infections can occur.”

    Retesting during the third trimester, he adds, could help identify mothers who acquire HIV later in pregnancy – and prevent mother-to-child transmission through timely treatment.

    Racial disparities consistent with national data

    The study also reflects broader national trends in racial disparities related to HIV.

    Nearly 74% of infants who were diagnosed with HIV but did not receive preventive medication were Black.

    This reflects long-standing disparities in health care access, including HIV screening and maternal care, Inagaki says.

    National surveillance data show that while women account for about 18% of new HIV infections in the United States, more than 60% of these are in women of childbearing age and over half of those are Black women.

    Strengthening prevention for at-risk newborns

    U.S. guidelines for preventing perinatal HIV transmission have evolved over the last three decades.

    Today, nearly all infants born to mothers with known HIV infections receive postnatal antiretroviral prophylaxis, significantly reducing their risk of infection.

    “Virtually all perinatal HIV infections in the U.S. are preventable,” Inagaki said.

    “But that prevention starts with diagnosing maternal HIV early. If we miss the infection in the mother, we miss the chance to protect the baby. HIV is a lifelong condition requiring lifelong care. That’s why timely detection and treatment in both mothers and infants must remain a public health priority.”

    Source:

    Michigan Medicine – University of Michigan

    Journal reference:

    Lu, M., et al. (2025). Postnatal Antiretroviral Prophylaxis and Perinatal HIV Infection in Medicaid-Enrolled Infants. PEDIATRICS. doi.org/10.1542/peds.2025-070746.

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