AI Huge Energy Usage: Google Has A Solution

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☀️ 💨 A technique pioneered by Google is gaining currency as more power-hungry artificial intelligence comes online: Using software to hunt for clean electricity in parts of the world with excess sun and wind on the grid, then ramping up data center operations there. Doing so could cut carbon and costs
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BYD Unveils EV Supercar

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🇨🇳 🇨🇳 BYD Co. debuted its most expensive car on Sunday, a 1.68 million yuan ($233,450) high-performance fully-electric supercar pitted against gas-guzzling options offered by rivals such as Ferrari NV and Lamborghini
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GU Takes On The World

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🇯🇵 🇯🇵 Fast Retailing Co., home of the Uniqlo brand, wants to ramp up the presence of its other fashion label GU in the US and Europe, as Asia’s largest apparel maker accelerates efforts to become a global retailer with ¥10 trillion ($66.6 billion) in annual sales
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Ant Takes Over Credit Suisse’s Investment Bank

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🇨🇳 🇨🇳 BREAKING: Ant Group Co. outbid Citadel Securities LLC for Credit Suisse’s investment bank venture in China, in a surprise move that will be subject to close regulatory scrutiny
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China’s Stocks Rally Is Not Real

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🇨🇳 🇨🇳 China’s latest stocks rally is due to state funds and is not real. The economy still faces persistent headwinds and therefore, this rally may well be on borrowed time
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Indian Households’ Discretionary Spending Jumps

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🇮🇳 🇮🇳 India’s Average monthly per capita consumption expenditure in urban areas rose to an estimated 6,459 rupees ($78) in the survey conducted between August 2022-July 2023, from 2,630 rupees in 2011-12, according to the statistics ministry report released Saturday. In rural India in the same period, it climbed to an estimated 3,773 rupees from 1,430 rupees
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BofA: AI Is The “Magic Sauce”

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🇺🇸 🇺🇸 A rally in artificial intelligence stocks and optimism about economic growth at a time of easing monetary policy are the ingredients of a “magic sauce” to drive more gains in equity markets, according to Bank of America Corp.’s Michael Hartnett
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Dutch Central Bank’s Loss Increases Eightfold

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🇳🇱 🇳🇱 The Dutch central bank reported a nearly eightfold increase in its loss as interest-rates hikes hit its balance sheet. The loss rose to €3.5 billion ($3.8 billion) in 2023, from a loss of €460 million in the previous year
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