China’s crude oil imports fall sharply during Iran war, moderating prices

China's new data guidelines intensify compliance demands on financial firms, complicating cross-border operations and impacting global strategies. The post China issues guidelines on financial services data amid cybersecurity push appeared first on Crypto Briefing.

Government announces plans to invest billions, but questions linger over how its proposals on chips, social media and more will work Ownership of the commanding heights of the AI economy is a political talking point around the world, as countries seek to assert some control of a technology dominated by the US and China. London Tech Week, the showcase event for the UK tech industry, focused heavily on that theme this week. A government keen to show it has a growth story, and an assertive narrative on AI, made a number of announcements related to companies, skills and infrastructure. Some represented new commitments and ideas; others appeared to be putting a polish on already announced measures. Continue reading...

Elevated energy prices may persist, impacting inflation and economic activity, potentially prompting ECB rate hikes and affecting global markets. The post Joachim Nagel warns prices may remain elevated despite potential end to Iran war appeared first on Crypto Briefing.

GOP lawmakers, tech investors, and even OpenAI have tied the anti-data center movement in the US to Chinese interference. Experts say it’s much more complicated than that.

India's fiscal deficit expansion could weaken the rupee, impact bond yields, and influence crypto investments, affecting global markets. The post India plans to widen fiscal deficit to 4.8% of GDP as Iran war drives fuel costs higher appeared first on Crypto Briefing.

The ECB's rate hike amid geopolitical tensions may prompt global monetary shifts, impacting inflation, currency strength, and risk assets. The post European Central Bank raises rates for first time since 2023, becoming first G7 bank to hike since Iran war began appeared first on Crypto Briefing.

China's AI investment strategy could accelerate domestic tech innovation, reduce reliance on foreign suppliers, and reshape global AI dynamics. The post China invests $295B in AI backbone amid US data center boom appeared first on Crypto Briefing.

China's credit rebound in May highlights ongoing economic cooling, with potential global deflationary impacts and commodity market sensitivity. The post China’s credit expansion rebounds in May after rare loan contraction appeared first on Crypto Briefing.