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On August 30, the Confederation of the Sahel issued a statement on the 29th condemning the attempted coup in Niamey, the capital of Niger, and reiterating its firm support for Nigers countermeasures. The statement said that in the early hours of the 29th, a group of soldiers attempted to attack Niameys Military Base 101 and several sensitive locations in the city, carrying out destabilizing actions. The coup was "contained and thwarted." The statement also said that the Confederation of the Sahel "will continue to firmly support Niger" and will stand with Niger to firmly safeguard its sovereignty and peace.According to Axios: Sources say that CIA Director Ratcliffe has concluded that Russian Federal Security Service (FSB) Director Bortnikov is a constructive figure who could help restart diplomatic efforts.August 30 – According to The Washington Post, sources familiar with the matter revealed that several U.S. military leaders have advised Defense Secretary Hergsays that extending large-scale military operations against Iran is unsustainable and could weaken the U.S. militarys ability to respond to threats in other regions, including defending the U.S. homeland. These opinions stem from a recent assessment prepared for Hergsays. The top commanders of the Army, Navy, and Air Force, as well as the four-star general overseeing U.S. military operations in Europe, Asia, and Latin America, detailed these warnings to Hergsays in the August 14 edition of the Secretary of Defenses Orders. Sources said the August 14 orders required some U.S. troops deployed in the Middle East to remain at least until September, while others would remain until 2027. The possibility of further extending these deployments prompted military leaders to express concern. Sources familiar with the assessment said the heads of U.S. European Command, U.S. Pacific Command, and U.S. Southern Command, as well as the top naval commander, responded with what the SDOB refers to as "disagreement," meaning they disagreed with the Secretary of Defenses orders to extend the deployments of their respective forces but would still comply.On August 30, Hamas condemned Israeli far-right National Security Minister Itamar Ben-Gwers raid on a cell holding Palestinian female prisoners, calling the act "morally depraved." In a statement, Hamas said, "We warn that continuing to turn the occupying authorities prisons into places of wanton violation, humiliation, threats, torture, and killing poses a grave danger. We also condemn the leaders of the Israeli occupying authorities for exploiting the suffering of our male and female prisoners as a cheap campaign tool."On August 30th, according to multiple foreign media reports, a recent research report on the AI industry released by Barclays Bank in the UK pointed out that for every $100 in revenue earned by AI model companies, approximately $35 to $40 flows to the three major cloud giants—Amazon Web Services (AWS), Microsofts Azure cloud service platform, and Google Cloud Platform (GCP)—in the form of inference computing power fees. Cloud service providers can obtain approximately $10 to $20 in operating profit from this, corresponding to an operating profit margin as high as 35% to 45%. Meanwhile, the profit margin of AI labs paid inference business has risen significantly, from a low double-digit level in 2025 to 50% to 65% or even higher in 2026, with adjusted gross margins increasing by 30 to 50 percentage points year-on-year. Barclays analysts believe that the actual profit margin may be higher than the reports estimates, but as competition in cutting-edge models intensifies and computing power supply continues to increase, profit margins are expected to gradually decline.

The USD/JPY crosses the 135.00 mark as the DXY rises ahead of US inflation

Daniel Rogers

Aug 10, 2022 11:32

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The USD/JPY pair is climbing northward during the Asian session in an attempt to retake its two-week high at 135.58. The asset's price turned positive on Monday as a result of the abundance of bids that occurred near 134.50. The USD/JPY pair's two-day consolidated activity shows that market participants are anxiously awaiting the release of the US Consumer Price Index (CPI).

 

Investors expect a decrease in price pressures this time, thus the release of the US inflation report is crucial. The investment community is aware that the crisis between Russia and Ukraine sharply increased oil prices, which continued to be essential to pressures on global costs.

 

A more than 11% drop in oil prices in July contributed to the black gold's continued sluggishness and lowered inflation expectations. The market anticipates that the inflation rate will decrease from 9.1% to 8.7%. The core CPI, which does not include food and oil, is anticipated to increase to 6.1% from the previously announced 5.9%. It appears that the demand for durable goods is rapidly increasing again. The US dollar index (DXY) is currently aiming to surpass the 106.40 immediate barrier.

 

The yen bulls are circling Tokyo as a result of Japan's government reorganization. Finance Minister Shunichi Suzuki will probably remain in the cabinet after this week's reorganization by Japanese Prime Minister Fumio Kishida. All eyes will now be on the Japanese government's efforts to raise the labor cost index, which is essential for keeping inflation over 2%.