The rise of artificial intelligence (AI) technology has led to an increased demand for more powerful processors and greater energy consumption in data centers. Sustainable Metal Cloud, a data center company, has taken advantage of this opportunity by introducing “sustainable AI factories” in Singapore and Australia. These factories, known as HyperCubes, are equipped with servers
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The recent fluctuations in the stock market have left investors on edge, with the Dow Jones Industrial Average reaching a record high before quickly pulling back. This volatility has been a result of investors attempting to recover from a steep sell-off earlier in the month. The 30-stock index experienced ups and downs, with a rise
The recent quarterly reports from major Chinese companies highlight the challenges faced by investors in the local market. Despite pockets of outperformance in certain companies, there is an overall trend of weakness reflecting macroeconomic factors. Lorraine Tan, director of Asia equity research at Morningstar, pointed out that the companies that have done well have a
The Islamic State group took responsibility for a tragic knife attack in the city of Solingen, Germany, that resulted in the loss of three lives and left eight individuals wounded. The assailant, who the militant group referred to as a “soldier of the Islamic State”, allegedly carried out the attack as a form of revenge
In a recent speech, Bank of England Governor Andrew Bailey discussed the progress made in combating inflation in the U.K. He acknowledged that headline inflation has decreased significantly, particularly due to the decline in energy and food prices. However, Bailey warned that despite this improvement, monetary policy may need to remain restrictive for a longer
Deutsche Bank recently announced that it has reached settlements with almost 60% of the plaintiffs involved in a long-standing case regarding the underpayment for its acquisition of Postbank over a decade ago. This settlement will have significant implications for the bank and its shareholders. According to the statement released by Deutsche Bank, they have reached
The Asia-Pacific markets experienced a decline on Wednesday following the drop in U.S. benchmark indexes, specifically the S&P500 and the Nasdaq Composite. This led to a 0.2% slide in the S&P 500 and a 0.33% decline in the Nasdaq Composite. The Dow Jones Industrial Average also dropped by 0.15%. These losses marked the end of
The chairman of Morgan Stanley International, Jonathan Bloomer, and Clifford Chance lawyer Chris Morvillo were among the six people still missing after a luxury yacht sank in a storm off the coast of Sicily. The yacht, named “Bayesian,” was hit by a violent storm and tragically capsized near the port of Porticello. Bloomer, who is
In the recent CNBC Daily Open report, it was highlighted that Wall Street had its best week in 2024, bouncing back from a previous rout earlier in the month. The S&P 500 surged by nearly 3.9%, coming close to its July record high. The Nasdaq Composite saw an even more impressive gain of 5.2%, while
As the conflict between Russia and Ukraine continues to escalate, the situation worsened on Saturday with Russia launching an assault on Ukraine while Ukrainian forces made advances into Russia’s Kursk border region. The violence resulted in a missile strike in Sumy, Ukraine, that caused a blaze, injuring two individuals and damaging property in the area.