Alibaba, Tencent, and Huawei are pouring billions into data centers in Shaoguan, a hinterland region with cheap power and a cool climate, angering some locals (Financial Times)

More in Finance

• France’s growing debt woes: How bond markets set countries’ borrowing costs

  France’s growing debt woes are fueling a surge in borrowing costs, with yields on 10-year bonds hitting their highest levels since 2002. This reflects a growing conviction that lending to France is becoming increasingly risky, as the country’s national debt has reached its highest level since World War II, nearing 120% of GDP.

  8 min read
• U.S. Treasury yields move lower as investors await housing, employment data

  U.S. Treasury yields declined due to anticipation of housing, employment data, and the Federal Reserve's interest rate decision. The 10-year yield fell 2 basis points to 5.114%, while the 30-year bond yield decreased by 2 basis points to 5.45%. Investors will closely monitor housing starts, employment figures, and the S&P Global Composite PMI Flash for insights.

  1 min read
• JP Morgan CEO says not giving AI Agents access to bank's data

  JPMorgan Chase CEO Jamie Dimon has stated that the bank will not allow external artificial intelligence agents to access customer accounts and carry out actions on behalf of users. Dimon warned that the technology poses significant risks for both customers and the bank, and the bank is taking a cautious approach by preventing external AI agents from operating customer accounts. The bank supports customer-authorised data sharing through open banking services and is working toward enabling agentic connections secure…

  2 min read