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9/8
17:05
The move also responds to the prospect of increased internet connectivity with the anticipated advent of physical artificial intelligence, as manufacturers eye overseas growth.
16:41
Since 2020, India's Unified Payments Interface (UPI) transactions have been exempt from Merchant Discount Rate (MDR), squeezing revenue for banks and payment companies. The Indian government is considering allowing a fee to be charged for transactions routed through UPI to build a sustainable business model.
16:41
The Reserve Bank of India (RBI) has proposed a draft regulatory framework addressing risks from expanding AI autonomy, requiring banks to strengthen oversight of AI and machine learning risks through board-approved policies, enhanced internal controls, and comprehensive model inventories. Governor Malhotra and other officials are expected to elaborate on the central bank's stance at the Global Fintech Fest.
16:41
Indian Prime Minister Modi, Finance Minister Sitharaman, and Reserve Bank of India Governor Malhotra, among other officials, will attend the Global Fintech Fest in Mumbai from September 8 to 11. Key topics at the conference include the potential impact of generative AI, tokenization, and quantum technology on the financial system. India's Unified Payments Interface (UPI) processed 24.51 billion transactions worth approximately $315 billion in August, highlighting its digital infrastructure.
16:34
U.S. President Donald Trump has instructed the General Services Administration (GSA) and the Office of the United States Trade Representative (USTR) to remove Canadian-origin products from federal procurement programs unless Canada provides greater market access to U.S. companies and farmers. Trump accused Canada of restricting U.S. businesses from government contracts while benefiting from the U.S. procurement market. The affected GSA procurement programs total over $50 billion annually.
16:32
Dwindling global refinery capacity is threatening to turn what started as a Middle East oil-supply crisis into a more complex global oil headache impacting gasoline, diesel and other fuels. Drone and missile attacks launched by the Iran-backed Houthis on refineries and oil infrastructure in Saudi Arabia have aggravated long-brewing problems with the supply of Middle Eastern oil products. Further refinery constraints in Russia and China have added to the bottleneck of refined products.
16:25
U.S. Transportation Secretary Sean Duffy sent a letter to Ford CEO Jim Farley on Tuesday, questioning the automaker's strategic trajectory with Chinese companies, including battery provider CATL. The letter highlighted concerns about American national automotive manufacturing integrity, supply chain exposure, and reliance on technologies of foreign adversaries. Ford has a licensing agreement to utilize CATL's battery technologies, including the production of lithium iron phosphate batteries, a deal originally announced in 2023 that has drawn renewed attention amid U.S.-China tensions.
16:24
Massachusetts Governor Maura Healey announced major restrictions on data center development, including a requirement that companies procure their own renewable energy supply.
16:23
Kraken announced the launch of kHYPE, an ERC-20 token that serves as a wrapped version of HYPE, designed to allow clients to utilize their HYPE in DeFi while maintaining full 1:1 backing and on-chain verifiability. Clients can verify reserves on-chain at any time. kHYPE is currently available on the Ink Network, with plans for expansion to more networks in the future.
16:14
According to CCTV News, citing Iranian sources, an Iranian oil tanker was attacked by US missiles approximately 4 miles off Iran's Kharg Island on Tuesday evening, September 8, local time. There were no casualties reported, and crew members are being evacuated. Following the news, which broke during the US stock market's midday trading, international crude oil futures extended their gains. US WTI crude oil's daily increase re-expanded to over 2%, briefly approaching $94, while Brent crude oil's daily gain exceeded 1%, briefly approaching $99.
16:11
Cerberus Capital Management sold a net-lease real estate business it founded five years ago for $1.6 billion, capitalizing on demand for a type of property transaction that’s gaining popularity.
15:56
Saylor retweeted CJ_Bitcoin's post, stating that $STRC's corporate target is a trading price of $99-$100. The tweet also noted that $STRC could outperform money markets even with an exit below par value, and included a sensitivity analysis of annualized after-tax returns for 6, 9, and 12-month holding periods.
15:48
CNBC reported that as AI data center construction faces headwinds in the U.S., including community protests, legislative restrictions, and resource consumption, analysts believe this could be positive for existing data center Real Estate Investment Trusts (REITs). Mizuho analyst Vikram Malhotra noted that new projects might be delayed, but the pricing power of existing data center REITs will be enhanced by the continuous growth in computing demand. Wells Fargo Investment Institute analyst Amanda Martinez added that limiting new supply will increase the value of existing capacity. Equinix (EQIX), Digital Realty Trust (DLR), and Iron Mountain (IRM) are among the favored data center REITs.
15:34
General Mills Inc., Mars Inc., and McKee Foods Corp. have joined a growing list of food manufacturers and grocers in an antitrust lawsuit, alleging that top US sugar producers colluded to inflate prices for the sweetener used in many snacks and drinks.
15:33
Tung Chee-hwa, a political leader whose administration was buffeted by the Asian financial crisis, the Sars epidemic and a contentious security bill, has passed away.
15:30
OpenAI announced that Images 2.5 reduces generation latency by up to 50% compared to its predecessor, Images 2.0. It also better preserves the appearance of reference objects such as people and pets, and improves consistency in multi-round editing. New features include the ability for users to directly add comments on images and specify modification areas, as well as a Sketch function that allows users to draw a sketch for the AI to generate a complete image. Additionally, OpenAI has released two API models for developers: GPT-Image-2.5 Flare and GPT-Image-2.5 Sunburst.
15:22
The U.S. military stated on Tuesday that an unmanned underwater vehicle (UUV) seized by Iran in the Strait of Hormuz was "defective" and did not carry any sensitive data or classified equipment. This statement followed claims by Iran's Revolutionary Guard Corps that they had captured the U.S. military's "most advanced" UUV. U.S. Navy Captain Tim Hawkins said the UUV was an "older model" that malfunctioned during a mission, and U.S. operations in the area are continuing.
15:18
Malone Lam, a 22-year-old Singaporean citizen residing in Miami, pleaded guilty on Tuesday to one count of federal racketeering conspiracy. Prosecutors stated that Lam led an international "social engineering" scheme, which stole and laundered over $245 million worth of cryptocurrency. He faces up to 20 years in prison.
15:17
The Wall Street Journal reports that Anthropic's initial public offering (IPO) is expected to be a major event this autumn, with its fundraising and valuation potentially breaking the record set by SpaceX in June. However, Anthropic has not yet officially initiated the listing process, and investors are still awaiting the disclosure of the company's internal financial details, while the company also needs to make key decisions.
15:16
The order mandates the Departments of War and Veterans Affairs to establish updated IT systems and policies within 180 days for permanent record sharing, deploy AI-powered digital tools to streamline benefits applications, and ensure immediate sharing of military personnel and health records upon discharge within 30 days. It also requires updating transition assistance programs to connect service members with job opportunities or training before separation.

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