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Futures News, August 6th: 1. Strong winds and rain are expected in the Philippine Islands. Influenced by the long-distance moisture transport from Typhoon Whale (No. 14) and Typhoon Dolphin (No. 13), along with the southwest monsoon, the central and northern Philippines will experience continuous heavy rainfall. This precipitation event is characterized by its long duration and large cumulative rainfall. Over the next three days, moderate to heavy rain is expected in the central and northern Philippines, with heavy to torrential rain in most parts of Luzon and Mindoro, and locally extremely heavy rain in northwestern Luzon. The cumulative rainfall in these areas is expected to be 80-150 mm, with some areas receiving 180-250 mm, and locally exceeding 300 mm in northwestern Luzon. Gale-force winds of level 6-8, with gusts of level 9-10, are expected in the central and northern Philippines and surrounding waters. In addition, over the next three days, moderate to heavy rain is expected in the central and northern parts of the Indochina Peninsula, northern and southwestern coastal areas of India, and Bangladesh, with localized torrential rain or heavy downpours, accompanied by short-duration heavy precipitation, thunderstorms, and strong winds. 2. High temperatures will persist across many parts of Asia, Europe, and North America. Over the next three days, influenced by a high-pressure ridge, parts of South Korea, southern Japan, southern Mongolia, central and western Southern Europe, eastern Central Europe, southern Eastern Europe, the Midwestern United States, and northern Mexico will experience temperatures above 35°C, with some areas exceeding 40°C. High temperatures in Turkmenistan, Uzbekistan, southern Afghanistan, central and southern Pakistan, southern Iran, Iraq, and Saudi Arabia will reach 40-42°C, with some areas exceeding 45°C.US Vice President Vance: There is no disagreement with President Trump on the Iran issue, and we are working to implement his decisions.US Vice President Vance: Energy prices will fall, Iran will not have nuclear weapons, and we will be in a more advantageous position.U.S. Vice President Vance: The Iranians are tough to deal with, but their regime is fractured, and our mission is to achieve the best possible outcome for the American people.Artificial Intelligence: 1. Jeff Dean, a key figure in Googles AI efforts, leaves to found an AI startup. 2. Microsofts latest disclosure shows that its AI revenue primarily comes from OpenAI. 3. Meta launches its first programmable intelligent agent, Muse Code, which can work in conjunction with Muse Spark 1.2. 4. Cloudflare announces the launch of open-source "CloudflareOS": an open platform for AI agents and enterprise work. 5. Metas MUSE SPARK 1.1 model hacked into a companys system and made changes to its internal systems. Integrated Circuits (Chips): 1. Yu Chengdong: High memory prices may lead to large-scale price increases for mobile phones. 2. Reports indicate that Changxin rejected Apples price pressure, insisting on prices no lower than Samsung Electronics and SK Hynix. 3. US media: Anthropic confirms it is building an internal chip team for Claude. 4. After distributing bonuses to employees, Samsung and SK Hynix pledged to increase shareholder returns. 5. SanDisk expects revenue of $10.3 billion to $10.8 billion for the first quarter of fiscal year 2027, compared to market expectations of $10.8 billion. Other: 1. Alibabas 2026 Yunqi Conference is scheduled to be held in Hangzhou from September 22nd to 24th. 2. Nikita Bier announced her resignation as head of the X product line, but will remain with the company as an advisor.

The operator of the Australian stock exchange delays software upgrading by twenty months

Charlie Brooks

Aug 03, 2022 11:02

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The Australian Securities Exchange stated on Wednesday that it will delay the redesign of its major share trading platform by up to twenty months, citing problems in achieving "scalability and resilience."


Clearing House Electronic Subregister System, ASX Ltd's plan to upgrade its equities clearing software, will not be finished until late 2024, the latest of numerous delays (CHESS).


The CHESS application enables the ASX registry to settle transactions. Since 2017, the exchange has sought to replace CHESS with blockchain technology in an effort to lower customer fees.


ASX, which has had a series of software failures, has announced that it would retain Accenture (NYSE:ACN) to perform an independent examination of the new CHESS program.


The exchange operator and its application software provider, Digital Asset, recognized that the program required more development than anticipated.


In a joint statement, Philip Lowe, Governor of the Reserve Bank of Australia, and Joseph Longo, Chairman of the Australian Securities and Investments Commission (ASIC), expressed their concern.


Lowe said that the ASX-initiated research was "crucial" for providing assurance that the new CHESS application software would be adequate for its intended function.


Longo added, "It is imperative that Accenture complete this study in order to provide assurance on the delivery of a solid replacement for CHESS and a high degree of confidence regarding the amended go-live date."