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Asia Pacific Report
From MIL OSIPost

Why the AI bubble will burst – with system threatening consequences

July 6, 2026

ANALYSIS: By Mike Treen The Bank for International Settlements (BIS) has issued a stark warning in its annual report. The central bank for central banks warned that the current AI investment boom is unsustainable. The five largest “hyperscaler” tech firms plan to spend more than a trillion dollars on AI-related capital expenditure from 2025 through

Asia Pacific Report
From MIL OSIPost

New US ambassador to New Zealand says Cook Islands a top priority

July 6, 2026

By Kaya Selby of RNZ Pacific The new US Ambassador to New Zealand is introducing Donald Trump’s agenda of “disruption” to the Pacific. Jared Novelly arrived in Wellington last week, and is expected to travel to Niue, the Cook Islands and Samoa within the next month to present his credentials. A businessman and sports team