Gamble

Playing with black protective bandaging taped to his left forearm, Ponga was directly involved in four of New Zealand’s six tries. His fancy footwork and slick handling setting up scores for Briton Nikora, Casey McLean and Xavier Willison.

He largely dominated the contest with opposite number Lehi Hopoate, notably clearing out the full-back as he fumbled a grubber kick in Tonga’s in-goal area for New Zealand’s second try, scored by Dane Gagai.

In defence, a bruising try-saving block on Demitric Vaimauga indicated no cause for concern about his wounded wing.

“Obviously a freak of a player,” said Kiwis captain James Fisher-Harris. “The defensive mindset he had tonight, he saved a couple of tries. That’s what I love about KP.

“He’s a freak of nature. His leadership skills are underrated. He’s really good for us, our spine especially.”

But while it was undoubtedly the Ponga show at the home of his NRL side Newcastle Knights, New Zealand are not just a one-man band.

Gagai sparked the counter-attack for McLean’s try by forcing a knock-on around halfway. Jahrome Hughes added directness with his carries and when putting boot to ball. Dead-eye kicker Jamayne Isaako mastered fierce winds to kick five out of six conversions, curling two over from the left touchline, to take his tally for the tournament to 36 from 38 attempts.

Asked if this was New Zealand’s best shot at adding a second title to their 2008 triumph, Fisher-Harris paused before replying: “Yes.”

“We’re just trying to chase history,” he added. “We’ve only done it once but we’ve been building with this squad, this generation, for the past six or seven years.”

When Altayeb Alhadi was just six years old, his father died after a well collapsed in his village in White Nile state, south-central Sudan. Two months later, and his mother also died, leaving the five children in the family as orphans. As the eldest of the siblings, it was Altayeb’s responsibility to find work and help the family survive.

At 14, he travelled hundreds of kilometres from his home in Galli village to seek work in the north, where gold mines dot the landscape, so he could feed his siblings and keep them in school.

“We warned him about the dangers, but he was ambitious. Some relatives were already working in the area although they had found jobs in restaurants and other services rather than underground extraction,” Ayateb’s uncle Alhadi Hamid told Al Jazeera.

The boy initially worked in transport and other jobs, but when he heard lucrative stories from miners in the area, he began to search for gold in the surrounding mountains.

Altayeb died in an air strike attributed to the Egyptian military at a gold-mining site near Jabal Al-Aigdat in Sudan’s Red Sea region on October 10, which killed at least 72 miners, a few months after he began working at the site.

“It was less than 30 minutes since we separated, and he said he was going to the mine. We suddenly heard a loud sound of bombardment, and we ran. It was too chaotic with people running in all directions and many attacks taking place within a few minutes,” a fellow miner told Al Jazeera, speaking on condition of anonymity.

“We found Altayeb with his hand and leg [blown off] and a severe injury to his abdomen [which] was open. We tried to help him and took him to a safer place near a mountain. We were terrified. He died within hours. … We couldn’t believe how quickly things could happen.”

Altayeb worked alongside about 15 young men and children, using basic tools to extract gold from the rocks. The miners worked night and day, taking the material they gathered to nearby mills for processing.

Proceeds from any gold found were shared, but earnings depended on the amount of gold recovered and individual agreements. On productive days, the group could earn more than $100, the miner said.

“We used to dig for two to three weeks until we found a gram or less. If the gold percentage in the well wasn’t good, we would change locations. When we found a gram or less, we sold it and shared the profit, which was about $100,” Altayeb’s former colleague said.

For young people supporting relatives, even irregular earnings in these dangerous gold mines can seem preferable to unemployment.

Altayeb told his siblings 10 days before his death that he would soon return home, his sister Rogaia Alhadi told local media.

Friends told the family that Altayeb visited them at a restaurant near the mining site on the morning of the attack, his uncle said. They shared a cup of tea before heading towards the mine for the final time. Minutes later, the air strike hit the area.

Authorities in Egypt have accused Sudanese miners of crossing its border and reportedly linked some to gold smuggling, drugs and human trafficking. The Sudanese side did not respond to these allegations.

Since a civil war between Sudan’s military and the Rapid Support Forces paramilitary group broke out in 2023, the economy has tanked and forced thousands with no other source of income to find work in the artisanal gold mines of northern Sudan.

This can vary from independent prospecting to working in investor-owned pits for a share of the proceeds. Earnings depend on the amount of gold found, equipment and fuel costs, and profit percentages agreed with financiers.

Although some miners strike gold, they still face an array of dangers, ranging from collapsing shafts and unstable ground to air strikes. Limited medical care makes mining, particularly in remote areas, especially hazardous.

Living conditions are also extremely hard. Mohamed Awadalkarim, who was a miner in River Nile state for 10 years, said workers often shelter in makeshift huts made from burlap sacks and plastic sheeting. Their diet consists mainly of lentils and sorghum porridge.

But for families without reliable incomes, mining offers a possible source of immediate earnings. Miners may spend hours searching for gold and not find enough to cover their expenses. Others share proceeds with investors or equipment owners, leaving them with limited money left.

Artisanal and small-scale mining accounted for 53.71 tonnes, or about 83 per cent, of Sudan’s declared gold production in 2024, but this was just in areas under government control, according to research by the Chatham House think tank. About one million people were involved in artisanal mining across Sudan’s 18 states, generating $1bn annually for the country.

Artisanal mines, while generally viewed as being outside the main war-funding networks, have still been exposed to violence.

On June 16, several people were reportedly killed and injured in attacks on mining sites near the Egyptian border, according to local sources and miners.

The repeated air strikes near Sudan’s border with Egypt have raised concerns about civilian protection, territorial sovereignty and accountability.

Egyptian authorities have accused Sudanese prospectors of crossing the border to mine near a concession managed by an Egyptian company, but there is little independent evidence to back these claims.

Sudanese military leader Abdel Fattah al-Burhan reportedly ordered a fact-finding committee involving prosecutors, judicial representatives and security agencies to investigate the attack. Findings from an inquiry into a similar incident announced in June have not been made public.

Altayeb paid the highest price in this regional conflict and the hunt for gold, which provides huge profits for some and meagre incomes for many.

Altayeb’s siblings are now living with their extended family, including uncles, aunts and cousins. People who know them are trying to help his brothers and sisters and are carrying out community initiatives in Galli to keep his memory alive.

“We will raise the children and care for them as he would have wanted. He was young, caring and brave, and he will always be remembered,” Altayeb said.

WASHINGTON — In September, just weeks before Americans were set to vote in this year’s midterm elections, a sudden panic over the dangers posed by artificial intelligence caught the White House off guard. A whistleblower had gained viral attention warning the technology could soon pose an existential threat.

President Trump was quick to dismiss concerns, evoking urgency in the U.S. race to achieve global dominance in superintelligence. He rejected calls to negotiate guardrails on the most advanced AI models with China’s leader, Xi Jinping, weeks later, during a prime opportunity to do so in Washington.

Privately, the president expressed concern that public hysteria over AI could jolt markets that have become excessively concentrated in AI-related stocks. He had already seen fresh polling that showed widespread bipartisan opposition to the boom in construction of AI data centers, a push by Trump that has cannibalized chips and energy from other sectors of the economy, driving up costs.

Now, on the campaign trail in the final days before the vote, Trump is vowing to expand a “golden age” of prosperity through the end of his presidency. But experts say his policies on AI have set the U.S. economy up for a period of tremendous risk over the next two years.

Some of the world’s leading financiers are sounding increasingly alarmed about an AI bubble. Ray Dalio, founder of Bridgewater Associates, has warned that AI stocks have become detached from financial fundamentals, pushing markets to precarious highs. Ken Griffin, the world’s richest hedge fund owner, said last week that AI is “almost certainly” fueling a market bubble that could be on the verge of a burst.

Economists warn that Trump has overseen fiscal policy that would give the federal government fewer tools than it has had in the past to respond to a crisis.

“Trump could easily run into a financial crisis before his term is up,” said Kenneth Rogoff, an economist at Harvard. “It is entirely plausible to have a 30% — or more — drop in the stock market, and in the context of an economy so dependent on AI, this in turn could easily lead to a recession and widespread financial distress.”

Spending on data center infrastructure last winter and spring accounted for nearly all U.S. economic growth, according to independent analyses. Without it, growth would have slowed to a mere fraction of a percentage point, leaving the economy nearly stagnant and flirting with recession.

The Nasdaq 100 has about 70% of its index weight in companies that depend on AI, from semiconductor manufacturers and Big Tech giants to cloud platforms and software providers. Anthropic, one of the top AI industry leaders, plans an initial public offering next month, while its chief rival, OpenAI, expects to go public next year.

From left, Chris Painter, president of the Model Evaluation and Threat Research, Marius Hobbhahn, CEO of Apollo Research, Paul Ohm, professor of law at the Georgetown University Law Center, Kurt Gaudette, senior vice president of Dragos, and Daniel Kokotajlo, executive director of the AI Futures Project, are sworn in to the Senate Homeland Security and Governmental Affairs Subcommittee on Disaster Management, District of Columbia, and Census hearing titled “Rogue AI: Securing the Homeland Against AI Agent Attacks,” in Dirksen Senate Office Building on Wednesday, September 30, 2026.

(Tom Williams/CQ-Roll Call, Inc via Getty Images)

“Because government finances are already strained, with the national debt on a patently unsustainable trajectory, there is no guarantee of a sharp drop in long-term borrowing rates for the government,” Rogoff continued. “So the options for bailing out the financial sector, or fighting recession, could be much more constrained than during the global financial crisis.”

While doubling down on the promise of an untested, frontier technology, Trump’s other economic policies may be hobbling its growth. Tariffs have raised the costs of imported chips, servers, networking equipment, metals and electrical components, and visa restrictions have tied the hands of industry leaders trying to secure the world’s best talent. Runaway federal deficits have driven long-term bond interest rates, adding pressure on AI firms already strapped with debt.

Servaas Storm, an economist closely following the AI sector at the Delft University of Technology, said the industry is already facing severe financial headwinds that could precipitate a panic.

Prices for energy, chips and minerals are driving up the cost of doing business, while early AI adopters such as Microsoft, Meta and Walmart are scaling back its use as employees spend too much time correcting errors, cleaning up low-quality output and addressing security lapses.

Slower adoption could further complicate the search for revenue, particularly for companies already struggling to monetize the technology. For now, hyperscalers are shouldering the cost of financing frontier AI labs that, as Storm put it, “do not have a credible path to profitability.”

“There is indeed an AI bubble in the stock market and in data center construction, which could pop rather soon, as rising debt loads and elevated interest rates could prove too much to sustain it,” Storm said. “That moment is not imminent, but it is approaching — and it will very likely happen before the end of Trump’s presidency.”

An economy already under duress from Trump’s other economic policies — from tariffs and tax cuts to the Iran war — could precipitate further pain, said Darrell Duffie, a finance professor at the Stanford Graduate School of Business.

Leading AI companies are already running “day-after” drills in anticipation of an AI-related crisis within the next year, according to Axios.

Americans head into election day deeply pessimistic about the economy, with 77% rating it fair or poor, according to a Fox News poll. A separate CNBC survey found that just 34% approve of Trump’s handling of the economy, while 35% of Republicans disapprove — a record high within his own party.

Inflation has fallen sharply from its 9% peak in 2022, during a pandemic-era surge, reaching 2.9% by the end of Biden’s presidency. Under Trump, it has climbed once again to 3.7%, driven by rising energy, transportation and housing costs — among the top concerns for voters entering next month’s vote.

Persistent inflation has forced the Federal Reserve to keep interest rates elevated, squeezing borrowers. And those rates — paired with high government spending and concerns over mounting deficits — have pressured the bond market, pushing 10-year Treasury yields to levels not seen since the early 2000s.

“Financial crises, by their nature, are virtually impossible to predict,” Duffie said, asked whether he shared concerns of a potential AI bubble.

“If we know we are going to be in a crisis soon,” he added, “markets advance the crisis to now.”