Today, equity markets plunged, the S&P 500 erased early gains to fall 1.6% amid AI-fueled overhype and rate-fear anxiety. At the same time, the COP30 climate conference in Brazil faced disruption from a fire in its health pavilion, raising alarms over vulnerabilities in global multilateral processes. Meanwhile, in Europe the US-brokered peace plan for Ukraine drags on amid skepticism from Kyiv and Brussels as the war grinds into a new diplomatic phase and the bug-splatter of incomplete vision on screens reveals the actual terrain of contested power.

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