The SNB reduced the interest rate to 0%. The Norges Bank cut its interest rate for the first time in five years

By JustMarkets 

The US stock indices did not trade yesterday due to a public holiday.

The Mexican peso (MXN) weakened to 19.1 per US dollar, down from a ten-month high of 18.886 reached on June 12, as the US dollar regained strength amid expectations of easing by the Bank of Mexico and renewed geopolitical risks. The US Federal Reserve’s decision to keep rates at 4.25–4.50% and Chairman Powell’s warning that US tariffs could cause inflation boosted demand for dollars. At the same time, markets began to price in an earlier-than-expected rate cut by the Bank of Mexico, even though Mexico’s benchmark rate remains at 8.5%, which negates the carry premium that had been supporting the peso.

European stock markets were mostly down on Thursday. Germany’s DAX (DE40) fell by 1.12%, France’s CAC 40 (FR40) closed down 1.34%, Spain’s IBEX35 (ES35) lost 1.28%, and the British FTSE 100 (UK100) closed down 0.58%.

At its June meeting, the Bank of England (BoE) voted 6-3 to keep the bank rate at 4.25%, focusing on the complex backdrop of heightened global uncertainty and persistent inflationary pressures. Three members of the bank voted to cut the rate by 0.25 percentage points to 4%, although investors had expected the split to be 7–2. The Central Bank noted that consumer price inflation is likely to remain broadly at current levels until the end of the year and return to target next year.

The Swiss National Bank (SNB) lowered its key interest rate by 25 basis points to 0% in June 2025, as expected, setting the cost of borrowing at zero for the first time since the introduction of negative rates at the end of 2022. This decision was made against the backdrop of easing inflationary pressures and a deterioration in the global economic outlook. Consumer prices in Switzerland fell by 0.1% in May, the first decline in four years. The SNB currently expects average inflation of 0.2% in 2025, 0.5% in 2026, and 0.7% in 2027. In the first quarter of 2025, Switzerland’s GDP also showed strong growth, partly driven by exports to the US ahead of the introduction of new tariffs, although the underlying momentum was more modest.

At its meeting in June 2025, Norges Bank lowered its key rate by 25 basis points to 4.25%. This is the first rate cut in five years. Policymakers said that inflation had slowed since the March meeting and that it was appropriate to ease financial conditions and support economic growth. However, the Monetary Policy Committee emphasized that borrowing costs should remain sufficiently tight to prevent a resurgence of inflation. According to the latest expectations, the rate will be around 4% at the end of the year and 3% by 2028.

WTI crude oil prices slowed their growth at the start of Thursday’s session and are trading below $75 per barrel, just slightly below their five-month high, after President Trump’s statement that he would decide on US involvement in the Israeli-Iranian conflict “within two weeks” allayed fears of an immediate supply shock from the Middle East.

Asian markets were in sell-off mode yesterday. Japan’s Nikkei 225 (JP225) fell by 1.02%, China’s FTSE China A50 (CHA50) lost 0.64%, Hong Kong’s Hang Seng (HK50) decreased by 1.99%, and Australia’s ASX 200 (AU200) showed a negative result of 0.09%.

The Philippine Central Bank cut its benchmark interest rate by 25 basis points to 5.25% at its June 2025 policy meeting, the lowest level in two and a half years and in line with market expectations. BSP Governor Eli Remolona said the decision reflected a more moderate inflation outlook and the need to support growth with a more accommodative policy. Annual inflation in May 2025 fell to 1.3% from 1.4% in the previous month, matching market expectations and reaching its lowest level since November 2019. The inflation projections for 2025 was revised downward from 2.4% to 1.6%, reflecting easing price pressures.

S&P 500 (US500) 5,980.87 −1.85 (−0.03%)

Dow Jones (US30) 42,171.66 −44.14 (−0.10%)

DAX (DE40) 23,057.38 −260.43 (−1.12%)

FTSE 100 (UK100) 8,791.80 −51.67 (−0.58%)

USD Index 98.76 −0.14 (−0.14%)

News feed for: 2025.06.20

  • Japan National Core Consumer Price Index at 02:30 (GMT+3);
  • Japan Monetary Policy Meeting Minutes at 02:50 (GMT+3);
  • China PBoC Loan Prime Rate (m/m) at 04:15 (GMT+3);
  • German Producer Price Index (m/m) at 09:00 (GMT+3);
  • UK Retail Sales (m/m) at 09:00 (GMT+3);
  • Japan BOJ Gov Ueda Speaks at 09:40 (GMT+3);
  • Canada Retail Sales (m/m) at 15:30 (GMT+3);
  • US Philadelphia Fed Manufacturing Index (m/m) at 15:30 (GMT+3).

By JustMarkets

 

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

AI helps tell snow leopards apart, improving population counts for these majestic mountain predators

By Eve Bohnett, University of Florida 

Snow leopards are known as the “ghosts of the mountains” for a reason. Imagine waiting for months in the harsh, rugged mountains of Asia, hoping to catch even a glimpse of one. These elusive big cats move silently across rocky slopes, their pale coats blending so seamlessly with snow and stone that even the most seasoned biologists seldom spot them in the wild.

Travel writer Peter Matthiessen spent two months in 1973 searching the Tibetan plateau for them and wrote a 300-page book about the effort. He never saw one. Forty years later, Peter’s son Alex retraced his father’s steps – and didn’t see one either.

Researchers have struggled to come up with a figure for the global population. In 2017, the International Union for Conservation of Nature reclassified the snow leopard from endangered to vulnerable, citing estimates of between 2,500 and 10,000 adults in the wild. However, the group also warned that numbers continue to decline in many areas due to habitat loss, poaching and human-wildlife conflict. Those who study these animals want to help protect the species and their habitat – if only we can determine exactly where they live and how many there are.

Traditional tracking methods – searching for footprints, droppings and other signs – have their limits. Instead of waiting for a lucky face-to-face encounter, conservationists from the Wildlife Conservation Society, led by experts including Stéphane Ostrowski and Sorosh Poya Faryabi, began deploying automated camera traps in Afghanistan. These devices snap photos whenever movement is detected, capturing thousands of images over months, all in hopes of obtaining a rare glimpse of a snow leopard.

But capturing images is only half the battle. The next, even harder task is telling one snow leopard apart from another.

Two images of snow leopards.
Are these the same animal or different ones? It’s really hard to tell.
Eve Bohnett, CC BY-ND

At first glance, it might sound simple: Each snow leopard has a unique pattern of black rosettes on its coat, like a fingerprint or a face in a crowd. Yet in practice, identifying individuals by these patterns is slow, subjective and prone to error. Photos may be taken at odd angles, under poor lighting, or with parts of the animal obscured – making matches tricky.

A common mistake happens when photos from different cameras are marked as depicting different animals when they actually show the same individual, inflating population estimates. Worse, camera trap images can get mixed up or misfiled, splitting encounters of one cat across multiple batches and identities.

I am a data analyst working with Wildlife Conservation Society and other partners at Wild Me. My work and others’ has found that even trained experts can misidentify animals, failing to recognize repeat visitors at locations monitored by motion-sensing cameras and counting the same animal more than once. One study found that the snow leopard population was overestimated by more than 30% because of these human errors.

To avoid these pitfalls, researchers follow camera sorting guidelines: At least three clear pattern differences or similarities must be confirmed between two images to declare them the same or different cats. Images too blurry, too dark or taken from difficult angles may have to be discarded. Identification efforts range from easy cases with clear, full-body shots to ambiguous ones needing collaboration and debate. Despite these efforts, variability remains, and more experienced observers tend to be more accurate.

Now people trying to count snow leopards are getting help from artificial intelligence systems, in two ways.

Spotting the spots

Modern AI tools are revolutionizing how we process these large photo libraries. First, AI can rapidly sort through thousands of images, flagging those that contain snow leopards and ignoring irrelevant ones such as those that depict blue sheep, gray-and-white mountain terrain, or shadows.

A snow leopard stands amid rocks.
Unique spots and spot patterns are key to telling snow leopards apart.
Eve Bohnett, CC BY-NC-ND

AI can identify individual snow leopards by analyzing their unique rosette patterns, even when poses or lighting vary. Each snow leopard encounter is compared with a catalog of previously identified photos and assigned a known ID if there is a match, or entered as a new individual if not.

In a recent study, several colleagues and I evaluated two AI algorithms, both separately and in tandem.

The first algorithm, called HotSpotter, identifies individual snow leopards by comparing key visual features such as coat patterns, highlighting distinctive “hot spots” with a yellow marker.

The second is a newer method called pose invariant embeddings, which operates similar to facial recognition technology: It recognizes layers of abstract features in the data, identifying the same animal regardless of how it is positioned in the photo or what kind of lighting there may be.

We trained these systems using a curated dataset of photos of snow leopards from zoos in the U.S., Europe and Tajikistan, and with images from the wild, including in Afghanistan.

Alone, each model worked about 74% of the time, correctly identifying the cat from a large photo library. But when combined, the two systems together were correct 85% of the time.

These algorithms were integrated into Wildbook, an open-source, web-based software platform developed by the nonprofit organization Wild Me and now adopted by ConservationX. We deployed the combined system on a free website, Whiskerbook.org, where researchers can upload images, seek matches using the algorithms, and confirm those matches with side-by-side comparisons. This site is among a growing family of AI-powered wildlife platforms that are helping conservation biologists work more efficiently and more effectively at protecting species and their habitats.

Two images of snow leopards, one in daylight and one in infrared light.
A view from an online wildlife-tracking system suggests a possible match for a snow leopard caught by a remote camera.
Wildbook/Eve Bohnett, CC BY-ND

Humans still needed

These AI systems aren’t error-proof. AI quickly narrows down candidates and flags likely matches, but expert validation ensures accuracy, especially with tricky or ambiguous photos.

Another study we conducted pitted AI-assisted groups of experts and novices against each other. Each was given a set of three to 10 images of 34 known captive snow leopards and asked to use the Whiskerbook platform to identify them. They were also asked to estimate how many individual animals were in the set of photos.

The experts accurately matched about 90% of the images and delivered population estimates within about 3% of the true number. In contrast, the novices identified only 73% of the cats and underestimated the total number, sometimes by 25% or more, incorrectly merging two individuals into one.

Both sets of results were better than when experts or novices did not use any software.

The takeaway is clear: Human expertise remains important, and combining it with AI support leads to the most accurate results. My colleagues and I hope that by using tools like Whiskerbook and the AI systems embedded in them, researchers will be able to more quickly and more confidently study these elusive animals.

With AI tools like Whiskerbook illuminating the mysteries of these mountain ghosts, we have another way to safeguard snow leopards – but success depends on continued commitment to protecting their fragile mountain homes.The Conversation

About the Author:

Eve Bohnett, Assistant Scholar, Center for Landscape Conservation Planning, University of Florida

This article is republished from The Conversation under a Creative Commons license. Read the original article.

 

What is vibe coding? A computer scientist explains what it means to have AI write computer code − and what risks that can entail

By Chetan Jaiswal, Quinnipiac University 

Whether you’re streaming a show, paying bills online or sending an email, each of these actions relies on computer programs that run behind the scenes. The process of writing computer programs is known as coding. Until recently, most computer code was written, at least originally, by human beings. But with the advent of generative artificial intelligence, that has begun to change.

Now, just as you can ask ChatGPT to spin up a recipe for a favorite dish or write a sonnet in the style of Lord Byron, you can now ask generative AI tools to write computer code for you. Andrej Karpathy, an OpenAI co-founder who previously led AI efforts at Tesla, recently termed this “vibe coding.”

For complete beginners or nontechnical dreamers, writing code based on vibes – feelings rather than explicitly defined information – could feel like a superpower. You don’t need to master programming languages or complex data structures. A simple natural language prompt will do the trick.

How it works

Vibe coding leans on standard patterns of technical language, which AI systems use to piece together original code from their training data. Any beginner can use an AI assistant such as GitHub Copilot or Cursor Chat, put in a few prompts, and let the system get to work. Here’s an example:

“Create a lively and interactive visual experience that reacts to music, user interaction or real-time data. Your animation should include smooth transitions and colorful and lively visuals with an engaging flow in the experience. The animation should feel organic and responsive to the music, user interaction or live data and facilitate an experience that is immersive and captivating. Complete this project using JavaScript or React, and allow for easy customization to set the mood for other experiences.”

But AI tools do this without any real grasp of specific rules, edge cases or security requirements for the software in question. This is a far cry from the processes behind developing production-grade software, which must balance trade-offs between product requirements, speed, scalability, sustainability and security. Skilled engineers write and review the code, run tests and establish safety barriers before going live.

But while the lack of a structured process saves time and lowers the skills required to code, there are trade-offs. With vibe coding, most of these stress-testing practices go out the window, leaving systems vulnerable to malicious attacks and leaks of personal data.

And there’s no easy fix: If you don’t understand every – or any – line of code that your AI agent writes, you can’t repair the code when it breaks. Or worse, as some experts have pointed out, you won’t notice when it’s silently failing.

The AI itself is not equipped to carry out this analysis either. It recognizes what “working” code usually looks like, but it cannot necessarily diagnose or fix deeper problems that the code might cause or exacerbate.

IBM computer scientist Martin Keen explains the difference between AI programming and traditional programming.

Why it matters

Vibe coding could be just a flash-in-the-pan phenomenon that will fizzle before long, but it may also find deeper applications with seasoned programmers. The practice could help skilled software engineers and developers more quickly turn an idea into a viable prototype. It could also enable novice programmers or even amateur coders to experience the power of AI, perhaps motivating them to pursue the discipline more deeply.

Vibe coding also may signal a shift that could make natural language a more viable tool for developing some computer programs. If so, it would echo early website editing systems known as WYSIWYG editors that promised designers “what you see is what you get,” or “drag-and-drop” website builders that made it easy for anyone with basic computer skills to launch a blog.

For now, I don’t believe that vibe coding will replace experienced software engineers, developers or computer scientists. The discipline and the art are much more nuanced than what AI can handle, and the risks of passing off “vibe code” as legitimate software are too great.

But as AI models improve and become more adept at incorporating context and accounting for risk, practices like vibe coding might cause the boundary between AI and human programmer to blur further.The Conversation

About the Author:

Chetan Jaiswal, Associate Professor of Computer Science, Quinnipiac University

This article is republished from The Conversation under a Creative Commons license. Read the original article.

 

The US Federal Reserve left interest rates unchanged. The Riksbank lowered its interest rate by 0.25%

By JustMarkets 

At the end of the trading day, the Dow Jones Index (US30) fell by 0.10%. The S&P 500 Index (US500) fell by 0.03%. The Nasdaq (US100) Technology Index closed higher by 0.01%. Investors reacted to the Federal Reserve’s decision to leave interest rates unchanged and Fed Chairman Powell’s cautious tone amid growing geopolitical and economic uncertainty. Powell emphasized the Fed’s wait-and-see stance, citing uncertainty about the inflationary impact of President Trump’s tariffs and the risk of stagflation. Officials expect two rate cuts in 2025 but lowered growth expectations and raised inflation expectations.

Initial jobless claims in the US fell by 5,000 from the previous week to 245,000 for the week ending June 14, in line with market expectations, but held on to recent gains and were the fifth-highest reading since August 2023. At the same time, the number of applications for unemployment benefits in the previous week was 1,945,000, remaining at a more than three-year high of 1,951,000 recorded in the last week of May. The results reinforced the view that the US labor market is softening after initially resisting the economic uncertainty this year.

Visa, Mastercard, and PayPal each fell more than 4% after Congress passed the stablecoin bill.

In June, the Canadian dollar weakened to 1.37 per US dollar, retreating from its strongest level in eight months of 1.357, recorded on June 16. Expectations of a divergence in monetary policy with the US, weaker commodity prices, and geopolitical safe-haven flows undermined its recent gains. Traders are now pricing in more aggressive easing by the Bank of Canada compared to the Fed, which is narrowing the yield differential and undermining the loonie’s advantage.

European stock markets traded mixed on Wednesday. Germany’s DAX (DE40) fell by 0.50%, France’s CAC 40 (FR40) closed down by 0.36%, the Spanish IBEX35 (ES35) rose by 0.08%, and the British FTSE 100 (UK100) closed positive 0.08%. The annual core inflation rate in the Eurozone, excluding energy, food, alcohol, and tobacco prices, fell to 2.3% in May 2025 from 2.7% in the previous month, which was in line with preliminary estimates and below the market’s initial expectations of 2.5%. Although this figure remained above the 2% target, it was the lowest since October 2021, reinforcing calls from dovish members of the European Central Bank’s Governing Council for monetary policy easing and addressing growth concerns.

Sweden’s Riksbank cut its key interest rate by 25 basis points to 2% in June, in line with expectations, as the country’s economic recovery slows and inflation declines. Recent data points to weak growth and persistently high unemployment. The future course of monetary policy will depend on new data and how it affects inflation and growth expectations.

WTI oil prices fell more than 1% to $73.7 per barrel on Wednesday after rising to $76 at the start of the session, as President Trump hinted at the possibility of dialogue with Iran, easing fears of an inevitable conflict. While tensions remain high amid ongoing Iranian-Israeli military action, Trump refused to confirm plans for a US strike and said Iran had come to the negotiating table, although he called it “very late”.

Asian markets traded without a single trend yesterday. Japan’s Nikkei 225 (JP225) rose by 0.90%, China’s FTSE China A50 (CHA50) added 0.07%, Hong Kong’s Hang Seng (HK50) fell by 1.12%, and Australia’s ASX 200 (AU200) showed a negative result of 0.12%.

On June 19, the Hong Kong Monetary Authority (HKMA) left its base rate unchanged at 4.75%, echoing the US Federal Reserve’s decision to keep its base rate at 4.25–4.50% for the fourth consecutive meeting, despite pressure from President Trump to lower rates. The HKMA’s policy remains in line with that of the Fed due to the Hong Kong dollar’s peg to the US currency.

Bank Indonesia kept its base interest rate unchanged at 5.5% at its June 2025 policy meeting, following a 25 bps cut in May, in line with market expectations. This decision was supported by lower inflation, stability in the rupiah exchange rate, and ongoing efforts to sustain economic growth. In May 2025, annual inflation fell to 1.60% from an eight-month high of 1.95% in April.

The Australian dollar fell to $0.648 on Thursday, reversing the previous session’s significant gains, after labor market data reinforced the Reserve Bank of Australia’s view that monetary policy needs to be eased. Markets now see an 80% chance that the RBA will cut its key interest rate from 3.85% to 3.6% at its July 8 meeting, with two more cuts expected later this year.

S&P 500 (US500) 5,980.87 −1.85 (−0.03%)

Dow Jones (US30) 42,171.66 −44.14 (−0.10%)

DAX (DE40) 23,317.81 −116.84 (−0.50%)

FTSE 100 (UK100) 8,843.47 +9.44 (+0.11%)

USD Index 98.88 +0.06 (+0.06%)

News feed for: 2025.06.19

  • New Zealand QDP (q/q) at 01:45 (GMT+3);
  • Australia Unemployment Rate (m/m) at 04:30 (GMT+3);
  • Switzerland Trade Balance (m/m) at 09:00 (GMT+3);
  • Switzerland SNB Interest Rate Decision at 10:30 (GMT+3);
  • Switzerland SNB Monetary Policy Assessment at 10:30 (GMT+3);
  • Norway Norges Bank Interest Rate Decision (m/m) at 11:00 (GMT+3);
  • Switzerland SNB Press Conference at 11:00 (GMT+3);
  • UK BoE Interest Rate Decision at 14:00 (GMT+3);
  • UK BoE MPC Meeting Minutes at 14:00 (GMT+3).

By JustMarkets

 

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

GBP/USD Under Pressure: The Pound Rapidly Loses Strength

By RoboForex Analytical Department 

The GBP/USD pair continues its decline, touching 1.3403 on Thursday, as the pound hovers near a four-week low.

Political uncertainty in the UK and heightened demand for safe-haven assets amid the Israel-Iran conflict have weighed heavily on the sterling.

Today, the Bank of England (BoE) holds its monetary policy meeting, and markets widely expect rates to be kept on hold. Focus will be on the BoE’s forward guidance, particularly amid rising oil prices.

Meanwhile, markets are still pricing in two rate cuts in 2025. Combined with soft UK macroeconomic data and the Federal Reserve’s hawkish stance, this has weighed on the pound’s yield and diminished its relative appeal to investors.

Over the past 24 hours, the broad-based strengthening of the US dollar has further pressured the GBP exchange rate.

Earlier, the pound reacted to inflation figures, which came in line with forecasts. Annual inflation eased to 3.4% in May (from 3.5% in April), while core inflation dipped to 3.5% (from 3.8%). However, the reading remains well above the BoE’s 2% target, indicating that progress is still too limited to prompt a change in the Bank’s cautious stance on rate cuts.

Technical analysis of GBP/USD

H4 Chart:

  • GBP/USD continues its downward trajectory, targeting 1.3360
  • Once this level is reached, a correction towards 1.3496 may follow
  • After the correction, another decline towards 1.3240 could materialise
  • This scenario is supported by the MACD indicator, with its signal line below zero and pointing sharply downward

 

H1 Chart:

  • The pair is forming the third wave of decline, targeting 1.3373
  • A pullback towards 1.3494 is expected before a potential fifth wave lower to 1.3360
  • The Stochastic oscillator supports this scenario, with its signal line below 50 and trending down towards 20

Conclusion

The GBP/USD remains under downward pressure, with key levels to watch at 1.3360 and 1.3240. A short-term correction may precede further declines, supported by technical indicators.

 

Disclaimer

Any forecasts contained herein are based on the author’s particular opinion. This analysis may not be treated as trading advice. RoboForex bears no responsibility for trading results based on trading recommendations and reviews contained herein.

RNA has newly identified role: Repairing serious DNA damage to maintain the genome

By Francesca Storici, Georgia Institute of Technology 

Your DNA is continually damaged by sources both inside and outside your body. One especially severe form of damage called a double-strand break involves the severing of both strands of the DNA double helix.

Double-strand breaks are among the most difficult forms of DNA damage for cells to repair because they disrupt the continuity of DNA and leave no intact template to base new strands on. If misrepaired, these breaks can lead to other mutations that make the genome unstable and increase the risk of many diseases, including cancer, neurodegeneration and immunodeficiency.

Cells primarily repair double-strand breaks by either rejoining the broken DNA ends or by using another DNA molecule as a template for repair. However, my team and I discovered that RNA, a type of genetic material best known for its role in making proteins, surprisingly plays a key role in facilitating the repair of these harmful breaks.

These insights could not only pave the way for new treatment strategies for genetic disorders, cancer and neurodegenerative diseases, but also enhance gene-editing technologies.

Sealing a knowledge gap in DNA repair

I have spent the past two decades investigating the relationship between RNA and DNA in order to understand how cells maintain genome integrity and how these mechanisms could be harnessed for genetic engineering.

A long-standing question in the field has been whether RNA in cells helps keep the genome stable beyond acting as a copy of DNA in the process of making proteins and a regulator of gene expression. Studying how RNA might do this has been especially difficult due to its similarity to DNA and how fast it degrades. It’s also technically challenging to tell whether the RNA is directly working to repair DNA or indirectly regulating the process. Traditional models and tools for studying DNA repair have for the most part focused on proteins and DNA, leaving RNA’s potential contributions largely unexplored.

RNA plays a key role in protein synthesis.

My team and I were curious about whether RNA might actively participate in fixing double-strand breaks as a first line of defense. To explore this, we used the gene-editing tool CRISPR-Cas9 to make breaks at specific spots in the DNA of human and yeast cells. We then analyzed how RNA influences various aspects of the repair process, including efficiency and outcomes.

We found that RNA can actively guide the repair process of double-strand breaks. It does this by binding to broken DNA ends, helping align sequences of DNA on a matching strand that isn’t broken. It can also seal gaps or remove mismatched segments, further influencing whether and how the original sequence is restored.

Additionally, we found that RNA aids in double-strand break repair in both yeast and human cells, suggesting that its role in DNA repair is evolutionary conserved across species. Notably, even low levels of RNA were sufficient to influence the efficiency and outcome of repair, pointing to its broad and previously unrecognized function in maintaining genome stability.

RNA in control

By uncovering RNA’s previously unknown function to repair DNA damage, our findings show how RNA may directly contribute to the stability and evolution of the genome. It’s not merely a passive messenger, but an active participant in genome maintenance.

These insights could help researchers develop new ways to target the genomic instability that underlies many diseases, including cancer and neurodegeneration. Traditionally, treatments and gene-editing tools have focused almost exclusively on DNA or proteins. Our findings suggest that modifying RNA in different ways could also influence how cells respond to DNA damage. For example, researchers could design RNA-based therapies to enhance the repair of harmful breaks that could cause cancer, or selectively disrupt DNA break repair in cancer cells to help kill them.

In addition, these findings could improve the precision of gene-editing technologies like CRISPR by accounting for interactions between RNA and DNA at the site of the cut. This could reduce off-target effects and increase editing precision, ultimately contributing to the development of safer and more effective gene therapies.

There are still many unanswered questions about how RNA interacts with DNA in the repair process. The evolutionary role that RNA plays in maintaining genome stability is also unclear. But one thing is certain: RNA is no longer just a messenger, it is a molecule with a direct hand in DNA repair, rewriting what researchers know about how cells safeguard their genetic code.The Conversation

About the Author:

Francesca Storici, Professor of Biological Sciences, Georgia Institute of Technology

This article is republished from The Conversation under a Creative Commons license. Read the original article.

 

The Yen Halts Its Decline, but Domestic Signals Remain Negative

By RoboForex Analytical Department 

The USD/JPY pair stabilised at 145.11 following three consecutive days of gains.

The Japanese yen had previously faced downward pressure due to a combination of factors, including weak macroeconomic data. Japan’s exports declined for the first time in eight months, indicating that the impact of US tariffs is now being felt. Meanwhile, imports fell more sharply than anticipated, heightening concerns over weakening external demand.

Other indicators painted a similarly bleak picture. Machinery orders dropped significantly in April, while industrial sentiment deteriorated in June. These developments suggest that signs of softening domestic demand are increasingly apparent.

The Bank of Japan (BoJ) held a meeting the previous day, leaving interest rates unchanged and reaffirming its cautious approach to reducing balance sheet assets. BoJ Governor Kazuo Ueda emphasised that the central bank is closely monitoring economic conditions and global trade dynamics, leaving open the possibility of future rate hikes.

Additional pressure on the yen came from the lack of progress at the G7 summit in Canada, where Prime Minister Shigeru Ishiba and US President Donald Trump failed to reach an agreement on tariff cooperation.

Technical analysis of USD/JPY

H4 Chart:

The market has completed an upward wave to the upper boundary of the consolidation range at 145.43. Having reached this target, a decline towards 144.00 is now anticipated. A break below this level could open the door for a further drop towards 142.20, with the potential to extend the downtrend to 140.50. Conversely, an upward move would raise the likelihood of a rally towards 146.98. This scenario is supported by the MACD indicator, where the signal line remains above zero and has exited the histogram area. A downward correction with new lows on the indicator is likely to follow.

H1 Chart:

The market is forming a bearish wave structure targeting 144.00, which is likely to be reached today. Following this, a corrective rebound towards 144.80 may occur. Overall, price action continues to develop within a broad consolidation range at these levels. The Stochastic oscillator corroborates this outlook, with its signal line positioned below 20 and pointing sharply downward.

Conclusion

While the yen’s decline has paused, domestic economic signals remain unfavourable. With weak trade data, cautious BoJ policy, and stalled international negotiations, the currency faces ongoing headwinds. Technically, the USD/JPY pair shows potential for further downside, though a corrective rebound cannot be ruled out.

 

Disclaimer

Any forecasts contained herein are based on the author’s particular opinion. This analysis may not be treated as trading advice. RoboForex bears no responsibility for trading results based on trading recommendations and reviews contained herein.

Environmental Co. Report Uncovers Fertilizer Technology Breakthrough

Source: Streetwise Reports (6/17/25)

Advanced organic waste treatment and resource recovery company Bion Environmental Technologies Inc. (BNET:OTCQB) says it has completed the technology-optimization report for its Ammonia Recover System (ARS) at Fair Oaks Indiana. Find out how the company expects to use its technology in the organic food sector.

Advanced organic waste treatment and resource recovery company Bion Environmental Technologies Inc. (BNET:OTCQB) announced it has completed the technology-optimization report for its Ammonia Recover System (ARS) at Fair Oaks Indiana.

The optimized ARS proved it remains stable and can sustain continuous steady-state functions; it operates reliably; and is scalable. The ARS also displayed its capability to reach ammonia reduction objectives by evaporating one-third less water than was projected and modeled. This results in substantially improved economics, including reduced production costs for the premium nitrogen fertilizers the ammonia is upcycled into.

“As we have indicated for some time, the ARS has exceeded our expectations. This report details by just how much,” said Chief Executive Officer Craig Scott. “We are now sorting through and evaluating dozens of potential projects and partners to find the best fit to fill our initial fertilizer offtake agreements. Our goal is to identify a project (or projects) that will allow us to supply our unique organic nitrogen fertilizer to growers during the 2026 growing season.”

The report outlines over a decade of ARS concept advancement and technology R&D, emphasizing what was accomplished during the optimization phase at Fair Oaks. Bion enlisted Buflovak, a New York engineering company, as its ARS development collaborator, due to their specialized expertise in evaporation, distillation, and separation processes. The Buflovak engineering team participated closely during six years of ARS R&D and testing, including offering guidance during the 18-month optimization phase at Fair Oaks, and a final review of the report. The Buflovak engineering team remains available to discuss the report and its findings.

Economics were not assessed during optimization, but Bion noted in a release that the considerable operational improvements that were achieved, during that phase, directly impact modeled system economics and fertilizer manufacturing expenses.

The Fair Oaks findings indicate operating expenses for a full-scale commercial system will be approximately 25% lower than previously modeled, with a corresponding reduction in fertilizer manufacturing costs. Modeled capital expense, either overall or as a function of fertilizer or treatment capacity, will decrease substantially, as well.

The Most Rapidly Expanding Area of US Agriculture

The organic food sector represents the most rapidly expanding area of U.S. agriculture, based on the U.S. Department of Agriculture. Nevertheless, something commonly referred to as the “organic yield gap” can reduce the productivity of these operations.

An absence of an affordable, organic (but readily-available) nitrogen, similar to the synthetic nitrogen fertilizer utilized in traditional farming, constitutes a major factor why organic agriculture generates fewer pounds per acre. Organic growers can’t afford the organic nitrogen that gives that additional “boost” of late-season development and growth that traditional crops get — that’s why organic fruit and produce tends to be smaller, the company stated. It also results in a greater carbon footprint per pound for organic foods.

Bion’s ARS handles and treats livestock waste flows in order to isolate and capture the ammonia (organic nitrogen) that is also released during biogas production in an anaerobic digester. The ARS is the foundation of the company’s Gen3Tech technology, which generates renewable energy, nutrients, and clean water from livestock waste flows. Instead of that ammonia being lost and polluting the environment, the ARS repurposes it into low-carbon and organic nitrogen fertilizers. By using only the compounds in the waste stream itself, the nitrogen remains organic, giving organic growers the late-season nitrogen they need to enhance yields.

Last summer, Bion revealed its “pure” commercial nitrogen fertilizer, manufactured from livestock waste, was OMRI-listed for use in organic production. Bion’s ammonium bicarbonate fertilizer constitutes a partially-stabilized source of nitrogen, upcycled from reactive ammonia in organic waste streams through a patented process. OMRI operates as an international nonprofit organization that lists products permitted for use in organic production under the USDA’s National Organic Program.

Protecting Surface Waters, Aquifers, the Atmosphere

Bion stated its methodology will diminish the carbon footprint linked with organic systems and “significantly reduce nitrogen runoff and off-gassing to protect surface waters, aquifers, and the atmosphere. It can quickly bring soil microbes in organic systems back to a healthy and productive balance and reduce the yield gap of organic crops as compared to conventional.”

An organic fertilizer, manure is conventionally administered to farmland before planting occurs. The volatile ammonia-nitrogen it holds — approximately 75% of the fertilizer’s nitrogen/nutrient value — typically escapes to pollute the environment. However, Bion stated its patented ARS technology focuses on this volatile and highly mobile ammonia nitrogen, stabilizes it with carbon dioxide also in the waste flow, and transforms it into ammonium bicarbonate, a 100% soluble nitrogen fertilizer that can be easily absorbed by plants and administered to organic crops.

“It is pathogen-free,” the company stated. “So, unlike manure, it can be applied at any time in the plant growth cycle.”

Bion stated it anticipates further economic improvements as the ARS is expanded to full commercial scale. “While engineering challenges are expected, Bion believes those risks are substantially mitigated because the ARS platform and the processes it uses perform better at larger scale,” it stated. Bion also said, “Over the next several months, we intend to evaluate additional modifications to the ARS we believe could dramatically reduce system capital costs and operating expenses.”

Bion stated the engineering report, produced with guidance and review from Bion’s engineering partner, along with the OMRI Listing, should allow it to advance with strategic relationships in the fertilizer industry.

The Catalyst: Europe Ahead of the US

Based on a report from Markets and Markets, the marketplace size for organic fertilizers is valued at US$7.9 billion in 2024 and is projected to expand at a compound annual growth rate (CAGR) of 11.5% through 2029 to reach US$13.6 billion.

“The rising preference for environmentally conscious food fuels the growth of the organic fertilizers industry,” the report said. “This transition underscores a wider dedication to sustainable farming methods and reducing ecological damage.”

Governments worldwide are responding to this transformation by implementing regulations and incentives to promote organic farming, enhancing the demand for organic fertilizers, Markets and Markets stated.

The global marketplace for biogas is projected to expand by US$19.51 billion from 2024-2028 at a CAGR of 6.01%, based on a report by Technavio.

Europe is significantly ahead of America regarding utilizing the technology to handle organic wastes. In a 2022 report by Waste 360, there were approximately 17,500 such facilities in the European Union in 2016 and fewer than 350 in the U.S. A 2024 article by Ecohaz showed there were almost 20,000 biogas plants in Europe at the time of the report. However, America is making moves to catch up.

A February 2025 report by the American Biogas Council reported that 2024 saw record numbers in the sector. The report noted that “In the 12 months ending in December, 125 new biogas projects came online, representing over US$3 billion in new U.S. investments. New projects in 2024 exceeded new projects in 2023 by 17%, while total investment in those projects increased by 40% compared to investment in projects opened in the previous year.” This brought the total of U.S.-based biogas facilities to almost 2,500.

Scott observed that it’s a resource that’s being squandered. “Farmers buy synthetic nitrogen fertilizer all day long to replace what is lost out of the nitrogen cycle. We upcycle what’s already here, and it’s more valuable because it is organic. You’ve got one of two choices: either lose it to atmosphere and runoff, where it becomes pretty nasty air and water pollution, or capture it, harness it, and repurpose it, and add value to your operations,” he said.

Ownership and Share Structure 

According to Refinitiv, about 20% of Bion Environmental is owned by management and insiders.

About 1.24% is with Centerpoint Corp. with 0.70 million shares. Less than 1% is held by institutions.

The rest is with retail.

Bion has a market cap of US$11.34 million. Trading over the past 52 weeks ranged from US$0.04 per share to US$0.57.

 

Important Disclosures:

  1. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Bion Environmental Technologies Inc.
  2. Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
  3. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.

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Escalating tensions in the Middle East continue to put pressure on markets. Silver reaches 13-year high

By JustMarkets

The US stocks fell on Tuesday as investors closely monitored escalating tensions in the Middle East, where the Israeli-Iranian conflict has been ongoing for five days. At the end of the trading day, the Dow Jones (US30) Index fell by 0.70%. The S&P 500 (US500) Index fell by 0.84%. The Nasdaq (US100) Technology Index closed lower by 0.91%. President Trump stepped up his rhetoric, demanding Iran’s “unconditional surrender” and warning of a possible strike against Supreme Leader Khamenei in a series of posts on the Truth social network.

At the same time, disappointing US retail sales data, which fell by 0.9% in May, signaled a slowdown in consumer growth, and that tariffs may have a huge impact on the economy.

Today, Federal Reserve officials will give their views on the future path of interest rates, as well as how tariffs and unrest in the Middle East will affect the economy. Although an immediate change in interest rates seems unlikely, the Fed meeting, which ends on Wednesday, will provide important signals that could still influence the markets. Among the most significant points to watch will be whether Federal Open Market Committee members stick to their previous expectations of two rate cuts this year.

Minutes from the meeting show that earlier this month, senior Bank of Canada officials considered the possibility of lowering interest rates. The main source of uncertainty — and the biggest threat facing the Canadian economy — is the trade conflict initiated by the United States. The Bank of Canada’s next interest rate decision is scheduled for July 30.

Stock markets in Europe were mostly lower on Tuesday. The German DAX (DE40) fell by 1.12%, the French CAC 40 (FR40) closed down 0.76%, the Spanish IBEX35 (ES35) lost 1.41%, and the British FTSE 100 (UK100) closed down 0.46%.

WTI oil prices rose by 4.3% to $74.8 per barrel on Tuesday as escalating tensions between the US and Iran reignited concerns about supplies. US President Donald Trump demanded Iran’s “unconditional surrender” and directly threatened Supreme Leader Ayatollah Ali Khamenei. According to Goldman Sachs, any attempt by Iran to block the Strait of Hormuz, a key point on the global oil supply route, could lead to a sharp rise in prices above $100.

On Wednesday, silver prices rose above $37.20 per ounce, reaching their highest level since 2012, driven by high industrial demand, persistent supply shortages, and increased purchases of the safe-haven metal amid geopolitical uncertainty. The expanding use of this metal in solar energy, electronics, and broader electrification trends now accounts for more than half of global demand, reinforcing its long-term structural importance. On the supply side, the silver market has been in deficit for the fifth consecutive year.

Asian markets traded without a single trend yesterday. Japan’s Nikkei 225 (JP225) rose by 0.59%, China’s FTSE China A50 (CHA50) added 0.01%, Hong Kong’s Hang Seng (HK50) fell by 0.34%, and the Australian ASX 200 (AU200) showed a negative result of 0.08%.

In New Zealand, attention this week is focused on the first quarter GDP report, which will be released on Thursday. Analysts expect the economy to expand by 0.7% on a quarterly basis but contract by 0.8% on an annual basis. On the policy front, the Reserve Bank of New Zealand has already signaled that its aggressive easing campaign is coming to an end, and markets are expecting a final rate cut later this year.

The Australian dollar strengthened to $0.649 on Wednesday, recouping some of the previous session’s losses, as rising oil prices caused by heightened geopolitical tensions supported demand for commodity-linked currencies. Market jitters intensified as the conflict between Israel and Iran entered its sixth day and President Trump demanded Iran’s unconditional surrender and hinted at possible US intervention. In response, oil prices continued to rise, supporting the Australian dollar, as it is strongly correlated with commodity markets.

S&P 500 (US500) 5,982.72 −50.39 (−0.84%)

Dow Jones (US30) 42,215.80 −299.29 (−0.70%)

DAX (DE40) 23,434.65 −264.47 (−1.12%)

FTSE 100 (UK100) 8,834.03 −41.19 (−0.46%)

USD Index 98.82 +0.82 (+0.84%)

News feed for: 2025.06.18

  • Japan Trade Balance (m/m) at 02:50 (GMT+3);
  • UK Consumer Price Index (m/m) at 09:00 (GMT+3);
  • UK Producer Price Index (m/m) at 09:00 (GMT+3);
  • Indonesian IB Interest Rate Decision (m/m) at 10:30 (GMT+3);
  • Sweden Riksbank Rate Decision (m/m) at 10:30 (GMT+3);
  • Eurozone Consumer Price Index (m/m) at 12:00 (GMT+3);
  • US Initial Jobless Claims (w/w) at 15:30 (GMT+3);
  • US Building Permits (m/m) at 15:30 (GMT+3);
  • US Crude Oil Reserves (w/w) at 17:30 (GMT+3);
  • Canada BOC Gov Macklem Speaks at 18:15 (GMT+3);
  • US Natural Gas Storage (w/w) at 19:00 (GMT+3);
  • US Federal Funds Rate at 21:00 (GMT+3);
  • US FOMC Economic Projections at 21:00 (GMT+3);
  • US FOMC Statement at 21:00 (GMT+3);
  • US FOMC Press Conference at 21:30 (GMT+3).

By JustMarkets

 

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

AI literacy: What it is, what it isn’t, who needs it and why it’s hard to define

By Daniel S. Schiff, Purdue University; Arne Bewersdorff, Technical University of Munich, and Marie Hornberger, Technical University of Munich 

It is “the policy of the United States to promote AI literacy and proficiency among Americans,” reads an executive order President Donald Trump issued on April 23, 2025. The executive order, titled Advancing Artificial Intelligence Education for American Youth, signals that advancing AI literacy is now an official national priority.

This raises a series of important questions: What exactly is AI literacy, who needs it, and how do you go about building it thoughtfully and responsibly?

The implications of AI literacy, or lack thereof, are far-reaching. They extend beyond national ambitions to remain “a global leader in this technological revolution” or even prepare an “AI-skilled workforce,” as the executive order states. Without basic literacy, citizens and consumers are not well equipped to understand the algorithmic platforms and decisions that affect so many domains of their lives: government services, privacy, lending, health care, news recommendations and more. And the lack of AI literacy risks ceding important aspects of society’s future to a handful of multinational companies.

How, then, can institutions help people understand and use – or resist – AI as individuals, workers, parents, innovators, job seekers, students, employers and citizens? We are a policy scientist and two educational researchers who study AI literacy, and we explore these issues in our research.

What AI literacy is and isn’t

At its foundation, AI literacy includes a mix of knowledge, skills and attitudes that are technical, social and ethical in nature. According to one prominent definition, AI literacy refers to “a set of competencies that enables individuals to critically evaluate AI technologies; communicate and collaborate effectively with AI; and use AI as a tool online, at home, and in the workplace.”

AI literacy is not simply programming or the mechanics of neural networks, and it is certainly not just prompt engineering – that is, the act of carefully writing prompts for chatbots. Vibe coding, or using AI to write software code, might be fun and important, but restricting the definition of literacy to the newest trend or the latest need of employers won’t cover the bases in the long term. And while a single master definition may not be needed, or even desirable, too much variation makes it tricky to decide on organizational, educational or policy strategies.

Who needs AI literacy? Everyone, including the employees and students using it, and the citizens grappling with its growing impacts. Every sector and sphere of society is now involved with AI, even if this isn’t always easy for people to see.

Exactly how much literacy everyone needs and how to get there is a much tougher question. Are a few quick HR training sessions enough, or do we need to embed AI across K-12 curricula and deliver university micro credentials and hands-on workshops? There is much that researchers don’t know, which leads to the need to measure AI literacy and the effectiveness of different training approaches.

Ethics is an important aspect of AI literacy.

Measuring AI literacy

While there is a growing and bipartisan consensus that AI literacy matters, there’s much less consensus on how to actually understand people’s AI literacy levels. Researchers have focused on different aspects, such as technical or ethical skills, or on different populations – for example, business managers and students – or even on subdomains like generative AI.

A recent review study identified more than a dozen questionnaires designed to measure AI literacy, the vast majority of which rely on self-reported responses to questions and statements such as “I feel confident about using AI.” There’s also a lack of testing to see whether these questionnaires work well for people from different cultural backgrounds.

Moreover, the rise of generative AI has exposed gaps and challenges: Is it possible to create a stable way to measure AI literacy when AI is itself so dynamic?

In our research collaboration, we’ve tried to help address some of these problems. In particular, we’ve focused on creating objective knowledge assessments, such as multiple-choice surveys tested with thorough statistical analyses to ensure that they accurately measure AI literacy. We’ve so far tested a multiple-choice survey in the U.S., U.K. and Germany and found that it works consistently and fairly across these three countries.

There’s a lot more work to do to create reliable and feasible testing approaches. But going forward, just asking people to self-report their AI literacy probably isn’t enough to understand where different groups of people are and what supports they need.

Approaches to building AI literacy

Governments, universities and industry are trying to advance AI literacy.

Finland launched the Elements of AI series in 2018 with the hope of educating its general public on AI. Estonia’s AI Leap initiative partners with Anthropic and OpenAI to provide access to AI tools for tens of thousands of students and thousands of teachers. And China is now requiring at least eight hours of AI education annually as early as elementary school, which goes a step beyond the new U.S. executive order. On the university level, Purdue University and the University of Pennsylvania have launched new master’s in AI programs, targeting future AI leaders.

Despite these efforts, these initiatives face an unclear and evolving understanding of AI literacy. They also face challenges to measuring effectiveness and minimal knowledge on what teaching approaches actually work. And there are long-standing issues with respect to equity − for example, reaching schools, communities, segments of the population and businesses that are stretched or under-resourced.

Next moves on AI literacy

Based on our research, experience as educators and collaboration with policymakers and technology companies, we think a few steps might be prudent.

Building AI literacy starts with recognizing it’s not just about tech: People also need to grasp the social and ethical sides of the technology. To see whether we’re getting there, we researchers and educators should use clear, reliable tests that track progress for different age groups and communities. Universities and companies can try out new teaching ideas first, then share what works through an independent hub. Educators, meanwhile, need proper training and resources, not just additional curricula, to bring AI into the classroom. And because opportunity isn’t spread evenly, partnerships that reach under-resourced schools and neighborhoods are essential so everyone can benefit.

Critically, achieving widespread AI literacy may be even harder than building digital and media literacy, so getting there will require serious investment – not cuts – to education and research.

There is widespread consensus that AI literacy is important, whether to boost AI trust and adoption or to empower citizens to challenge AI or shape its future. As with AI itself, we believe it’s important to approach AI literacy carefully, avoiding hype or an overly technical focus. The right approach can prepare students to become “active and responsible participants in the workforce of the future” and empower Americans to “thrive in an increasingly digital society,” as the AI literacy executive order calls for.

The Conversation will be hosting a free webinar on practical and safe use of AI with our tech editor and an AI expert on June 24 at 2pm ET/11am PT. Sign up to get your questions answered.The Conversation

About the Author:

Daniel S. Schiff, Assistant Professor of Political Science, Purdue University; Arne Bewersdorff, Post Doctoral Researcher in Educational Sciences, Technical University of Munich, and Marie Hornberger, Research Associate at the School of Social Sciences and Technology, Technical University of Munich

This article is republished from The Conversation under a Creative Commons license. Read the original article.