ECB executive board member and Bank of Italy governor PANETTA said on Monday central banks need to understand who captures AI-driven gains because their distribution will affect aggregate demand and inflation. He said AI will change productivity and growth and reshape labour markets, financial markets and payment systems. If AI mainly creates new tasks and raises market expectations of future labour income, aggregate demand could rise before full productivity gains materialise, prolonging inflat

Ukraine's prime minister said Russia launched large-scale overnight attacks on multiple Ukrainian cities and communities, striking residential buildings, social infrastructure and businesses.

Xinhua urged systemwide remediation of intrusive splash-screen advertising, calling for a shift from short-term fixes to sustained regulatory oversight. It said enforcement should move earlier, impose deeper constraints and tougher penalties, and make responsibility explicit across the ad chain—whoever integrates, reviews or operates ads must be held accountable. The commentary singled out covert or fake close buttons, high-sensitivity 'shake-to-redirect' triggers and click-inducement techniques as high-frequency violations requiring strengthened routine monitoring, intensified enforcement and higher penalties to raise the cost of noncompliance. It also called for retrospective inspections of platforms and apps already reported as fixed to prevent recurrence through rebranded ads.