⚠️🧠 The OECD warns that investment expectations in AI may not be met. Planned capital expenditures by major tech and cloud computing firms are rapidly increasing. Current investment strategies suggest significant future profits, particularly for semiconductor manufacturers. For more details, refer to the OECD's report.
🚨🇬🇧 The latest economic reports from Britain reveal a Composite PMI of 51.7, down from 52.5. The Manufacturing PMI has increased to 52, up from 51.7, while the Services PMI dropped to 51.7, down from 52.5. These figures provide insight into the current state of the UK's economy as it navigates ongoing challenges.
🚀 Raiffeisen Bank has announced the launch of cryptocurrency trading through a partnership with Bitpanda. This move aims to integrate digital assets into their banking services, providing clients with new investment opportunities. For more details, visit the official Raiffeisen site and Bitpanda site.
⬆️🛢🇪🇺 European drivers are now paying 40% more for diesel than at the beginning of the year, reports the Financial Times.
⚠️ The European Union is planning to mobilize around €800 billion for rearmament by 2030. The funding will primarily come from banks, pension, insurance, and investment funds, alongside private investors purchasing government and EU-wide bonds. This financial influx will benefit defense companies and their suppliers, according to Izvestia.
🇦🇲🇺🇸 Armenia and the U.S. are set to enter a new economic era with the launch of the TRIPP (Trump Route for International Peace and Prosperity) project, Prime Minister Pashinyan announced. TRIPP aims to develop road, rail, and oil and gas infrastructure, connecting Azerbaijan's main territory with the Nakhchivan Autonomous Republic through Armenia via a 42 km route, and extending further to Turkey.
🛢️ The United States has exported more LNG to Asia than to Europe for the second consecutive month, according to data from the US Department of Energy, reports TASS.
🚫 Binance will halt deposits and withdrawals in hryvnia through Fiat Trade UAH and remove the USDT/UAH spot trading pair from its listing.
🚫🛢 Ukrainian President Volodymyr Zelensky disclosed in a Wall Street Journal interview having a phone conversation with former U.S. President Donald Trump about diesel fuel. Zelensky emphasized, "Listen, our lives are more important than energy prices."
⚠️🧠 A recent Politico survey reveals that nearly 50% of Americans believe artificial intelligence could lead to human extinction.
📰 Indonesia's central bank interest rate remains steady at 5.75%, meeting expectations and matching the previous figure.
❗️🇦🇿 The Central Bank of Azerbaijan has announced that its interest rate remains steady at 6.5%, unchanged from the previous rate.
📈 Germany's composite PMI rose to 53.8 from 51.8, indicating growth in economic activity. Meanwhile, the manufacturing PMI slightly fell to 53.8 from 54.3, showcasing a minor slowdown in the sector. The services PMI saw a significant increase to 52.9 from 49.7, reflecting an improvement in the services industry.
🔝✨ Open interest in crypto futures on the Hyperliquid exchange has reached a record $18 billion as more traders enter the market, aiming for wealth by trading with leverage ranging from 50x to 100x.