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Real-time News
August 26th - According to Spanish government sources, the Spanish government plans to introduce stricter regulations on water, energy, and cybersecurity due to the surge in data center projects within the country. These new requirements have been incorporated into a draft decree, which will be open for public comment this week. Thanks to abundant renewable energy resources and vast tracts of open land, Spain has become one of Europes hottest hubs, attracting billions of euros worth of AI infrastructure-related projects. Sources indicate that the large number of projects allows Spain to select the most efficient and sustainable facilities in terms of sustainability and cybersecurity, which is the target of the upcoming regulations. According to the draft decree, data center operators must be established within the EU, and the data and metadata they process must remain within the EU. Mechanisms must be established to control access from third countries; stricter regulations will be implemented for data centers handling public data or data involving national security.Federal Reserve Bank of Barkin: If debt continues to increase, investors will eventually stop buying (US Treasuries) at some point.Federal Reserve Chairman Barkin: The U.S. debt problem will eventually face a reckoning.Sources say air raid sirens have been sounded in Kyiv, Ukraine.U.S. API distillate fuel inventories fell by 500,000 barrels in the week ending August 21, compared with an expected decrease of 1.674 million barrels and a previous decrease of 2.797 million barrels.