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According to Reuters, the Trump administration is working on changes to a Biden-era rule that would limit global access to AI chips, including possibly doing away with its splitting the world into tiers that help determine how many advanced semiconductors a country can obtain, three sources familiar with the matter said. The sources said the plans were still under discussion and warned they could change. But if enacted, removing the tiers could open the door to using U.S. chips as an even more powerful negotiating tool in trade talks.
The Iberian Peninsula…
wiped off the map of lights. This is how it looked from orbit last night after a massive blackout hit Spain and Portugal. Cosmic silence over the region.” Source: David Sobolewski on X
The import charges for many items on Temu (Chinese discount retailer) are higher than the cost of the products themselves.
Source: Charlie Bilello
In Germany, potential economic growth has dropped to just 0.5%, mainly because of falling productivity.
The last time Germany saw potential growth above 1% was back in 2018 — also the last year when productivity made a positive impact. For the new government to hit its target of lifting potential growth above 1% again, reviving productivity will be crucial, especially as the workforce continues to shrink. (Source: Natixis thru HolgerZ)
Container bookings from China to the US are falling sharply ⚠️
Source: Markets & Mayhem, FT
If you bought European Stocks in 2000, you finally broke even after 25 years 🥳🍾🫂
And now you're praying that you didn't double top 🙏 Source: Barchart @Barchart
Mark Carney has won Canada’s election
The national broadcaster projected, but his parliamentary majority hangs in the balance after a campaign dominated by the country’s relationship with the US under Donald Trump. Carney’s party was on track to win the largest number of seats and the right to form a government as polls closed across much of the country on Monday, according to the Canadian Broadcasting Corporation. However, whether he could command a parliamentary majority or would have to depend on other parties to govern in a minority administration remained too close to call on Monday night. At 11pm in Toronto, the Liberals were ahead in 159 seats in the 343-seat House of Commons and the Conservatives in 142, according to the CBC, putting Carney’s party in a commanding position to form at least a minority government. Source: FT
President Trump’s first 100 days in office is the worst for the stock market since Richard Nixon’s presidency...
Source: Stocktwits
