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Also: The New York Times Paraguay’s President Removed and Arrested Over Financial Crisis, MercoPress Paraguay’s Senate removes Santiago Peña, who is placed under arrest, and Pedro Alliana takes office, The Globe and Mail Ousted Paraguayan president placed under house arrest after bank collapse
In other languages: Valor Econômico Ostentação, edifício 'The Matrix' e obras de arte: os sinais de que algo estava errado com o ueno bank (pt), Expansión (México) Quiebra de Ueno Bank exhibe fallas de supervisión y corrupción en Paraguay, advierte Moody’s (es), Handelsblatt Staatskrise in Südamerika: Santiago Peña als Präsident Paraguays abgesetzt (de), NRC Paraguay beëdigt nieuwe president temidden van financiële crisis, oud-president onder huisarrest (nl), Jornal de Negócios Banco central do Paraguai começa a devolver fundos aos lesados do banco Ueno (pt), Estadão Paraguai começa a devolver dinheiro aos correntistas do Ueno Bank (pt), Diario Financiero Senado de Paraguay aprobó por unanimidad la destitución de Santiago Peña por la quiebra de Ueno Bank (es), Rzeczpospolita Zmiana prezydenta w Paragwaju, dziesiątki rannych w Sao Paulo (pl), Aftenposten Paraguays president avsatt i riksrettssak og pågrepet – ny president tatt i ed (no) · see all
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OpenAI Completes $11 Billion Portion of Funding at $1.25 Trillion ValueAlso: MarketWatch Data centers run on debt. That was a problem for bonds this year — and it’s only going to get worse., Financial Times How Wall Street’s all-in bet on AI blew up, Canary Media Voters gave a big middle finger to data centers, The Guardian US tech stock rout: is the AI bubble bursting?, BBC Why the US midterms sparked an AI stock selloff, Sky News Extinction events, data centre dramas and the US midterms: Why AI stocks lost trillions in one day, Heatmap Was This Really the Data Center Election? · see all
In other languages: Handelsblatt KI-Finanzierung: OpenAI sammelt laut Bericht elf Milliarden Dollar bei Investoren ein (de), La Nación El presidente de OpenAI confirmó que la compañía podría salir a la Bolsa en 2027 (es)
Video: How Fast-Money Systematic Funds Stoked $2.3T Tech Rout
Anatomy of a Selloff: Sudden Chain Reaction Rattles Wall Street
Strait of Hormuz could reopen as part of Qatari plan for Iran nuclear inspections
Financial leaders tiptoe around Beijing’s asset scrutiny, hail Hong Kong’s wealth boom
Russia ships metal via the Arctic to evade Ukrainian strikes
Contest to Succeed ECB Head Lagarde Is Officially a Two-Horse RaceAlso: Bloomberg Knot and De Cos Are the Only Two Candidates for ECB President
In other languages: Le Temps Succession de Christine Lagarde à la BCE: les Pays-Bas et l’Espagne s’affrontent sur fond de tensions inflationnistes (fr), Le Figaro BCE : l'Espagnol Pablo Hernandez de Cos et le Néerlandais Klaas Knot candidats à la succession de Christine Lagarde (fr), Jornal de Negócios Espanhol Cos e neerlandês Knot são os candidatos à presidência do BCE (pt), Børsen To kandidater indstillet til at afløse Lagarde som ECB-chef (da) · see all
Why Russia Wants Into the Turkic States Organization – and Why That Could Break It
BOJ’s Ueda says unclear how long 2% inflation rate will remain
Also: Bloomberg BOJ’s Ueda Says Unclear How Long 2% Inflation Rate Will Remain
In other languages: Valor Econômico Presidente do BC do Japão reconhece ‘alguns riscos de alta’ para a inflação (pt)
As COP31 comes to Turkey, satellites reveal a landfill methane problem
Data-Center Pullback May Shield Real Economy From AI BubbleGeneral Staff: Russia has lost 1,604,110 troops in Ukraine since Feb. 24, 2022
Budanov: Russia Strikes Energy Grid to Spark Protests
Japan picks 28 priority items for ¥370 trillion in investments
Reform UK councillor promoted collapsed $1.9bn ‘Ponzi scheme’ HyperVerse that left victims suicidalDamaged Grid Forces Ukraine to Export Power as Kyiv Faces Blackouts, Expert Says
U.S. urges China to meet rare earths and agriculture commitments ahead of Trump-Xi meetings
The UK has few easy options for rejoining a ‘traumatised’ EUMind your business: New franchise models are expanding business ownership in South Africa and beyond
Ukraine strikes Saratov Oil Refinery in mass attack on several Russian regions, reports say
Scottish government explores seizing assets of Sanjeev Gupta’s business empire
Tesla Is Ending Production of Its Cybertruck and Refocusing on the CybercabAlso: The Globe and Mail Tesla to pull the plug on Cybertruck after years of poor sales, Financial Times Tesla to axe Cybertruck as Musk shifts focus to robotics and AI
In other languages: Le Figaro Tesla va progressivement arrêter la production du Cybertruck vers mi-2027, annonce Elon Musk (fr), Dagens Næringsliv Tesla avvikler produksjonen av Cybertruck (no)
Wall Street's push to trade AI compute hits Washington roadblock
Also: Bloomberg Nvidia’s AI Chip Exports Emerge as Target in Democratic Congress, The National Nvidia pushes back after Jensen Huang asked to closed-door meeting in Congress over ties to Chinese 'asset'
Venezuela, 10 months later: The transition may finally be underway
THE MOAT Daily with the world's top business stories.
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Earlier today
Anthropic to press ahead with IPO targeting $1.5tn valuation
Options Volumes Soar to Record Levels on Post-Election Sell Off
Nasdaq sees worst day in 19 months as investors bet on AI slowdown after Democrats’ election triumph
European stocks join global rout after worst US chip sell-off since 2020Microsoft AI data-centre site in Amsterdam breached by protesters as Europe’s opposition grows
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