EUR/USD
1.16503
-0.015%
Gold
4601.64
0.156%
Oil
81.033
-0.490%
USD/JPY
159.326
0.020%
GBP/USD
1.35854
-0.079%
GBP/JPY
216.437
-0.070%
Real-time News
On August 27th, Germanys top digital policy official stated that surging demand for artificial intelligence is straining the data center computing power supply in Europes largest economy. German Digital Minister Carsten Wildberg said on Thursday, "Our computing power is becoming scarce, which means demand will continue to rise." He outlined Germanys strategy to quadruple its computing power and double its data center capacity by the end of this decade. Since the establishment of a dedicated science and technology policy department in Chancellor Merzs government, Wildberg has been involved in promoting greater digital sovereignty in Europe, while the EU also seeks to maintain connections with innovation forces in other regions. Wildberg stated that the German government will seek to expedite the data center approval process. Germany plans to double its data center capacity to approximately 6 gigawatts by 2030. In comparison, institutions predict that the installed data center capacity in the United States will reach 118 gigawatts by 2030.Germanys Digital Minister: Germany lacks computing power for artificial intelligence.August 27th - Market pricing on Thursday indicated that investors will not fully price in a 25 basis point rate hike until the Bank of Englands February meeting. LSEG data shows that by the time the Bank of England announces its interest rate decision on December 17th, the market has priced in a cumulative rate hike of 24.3 basis points, lower than the level exceeding 25 basis points for most of August; by the time of the February 4th decision, the market has priced in a cumulative rate hike of 36 basis points. The markets pricing in a rate hike of less than 4 basis points at the Bank of Englands September meeting implies a probability of only about 15%; in contrast, the market has priced in a 24 basis point rate hike at the European Central Banks September meeting. Data released last week showed that UK inflation rose to 2.9% in July due to rising household energy bills; meanwhile, the labor market remained moderate, a major source of long-term inflation concerns for members of the Bank of Englands Monetary Policy Committee.On August 27, the Russian Foreign Ministry announced on its website that Liliana Burda, the Romanian Chargé dAffaires ad interim in Russia, was summoned to the ministry. Russia delivered a note declaring a staff member of the Romanian Embassy in Moscow persona non grata. Russia stated that this measure was a response to Romanias earlier, baseless declaration of persona non grata against a staff member of the Russian Embassy in Bucharest.U.S. Defense Secretary Hergsay: Iran’s only option is to sit down and really talk about their nuclear program.
