Pound hits one-year high on hopes of Chancellor Mahmood
Pound hits one-year high on hopes of Chancellor Mahmood Source link
All posts tagged: oneyear
New York legislators look to pass a one-year ban on new data centers
In New York, legislators have passed a one-year moratorium on new data center construction, reports The Verge, marking the first statewide ban on a critical component of the infrastructure needed for artificial intelligence. Governor Kathy Hochul has yet to sign the bill into law, however, so at this stage it is better understood as a proposed framework than actual policy, but the lawmakers behind the bill say it is designed less as an outright ban than as a means of buying time to assess the many impacts of new data center construction — on the environment, on energy prices, and on local jobs. SEE ALSO: Meta is building AI data centers in tents If passed into law, the bill would require any company planning to build a “large” data center, defined as having at least 20 megawatts of capacity, to also fund a public hearing into the desirability of the project among local residents. Mashable Light Speed Public opinion on data centers has rapidly soured, even since last fall, with 7 in 10 Americans now …
France hands captain of suspected Russian ‘shadow fleet’ tanker one-year jail sentence
A French court Monday issued an arrest warrant and a one-year jail sentence against the Chinese captain of a suspected Russian “shadow fleet” tanker over failing to comply with orders to stop his ship. Chen Zhangjie, 39, was sentenced in absentia after the French navy boarded the Boracay tanker in September before releasing the vessel and its crew days later, in what Russian President Vladimir Putin condemned as “piracy”. The court in the western city of Brest also ordered Zhangjie to pay a 150,000-euro ($172,000) fine. The vessel, claiming to be flagged in Benin, was thought to be part of a fleet transporting Russian oil in violation of Western sanctions imposed over Moscow’s invasion of Ukraine. Read moreFrench navy boards Russia-linked tanker in Mediterranean Two employees of a Russian private security company were on board the Boracay when the French navy stopped it, an informed French source and the captain’s lawyer have told AFP. They were in charge of representing Russian interests and gathering intelligence, they said. The Boracay has been linked to mysterious drone …
Trump calls for one-year cap on credit card interest rates at 10%
A shopper pays with a credit card at the farmer’s market in San Francisco on March 27, 2025. Bloomberg | Bloomberg | Getty Images U.S. President Donald Trump said on Friday he was calling for a one-year cap on credit card interest rates at 10% starting on Jan. 20, but he did not provide details on how his plan would come to fruition or how he planned to make companies comply. Trump also made the pledge during the 2024 campaign, which he won, but analysts dismissed it at the time, saying such a step required congressional approval. Lawmakers from both the Democratic and Republican parties have raised concerns about high rates and have called for those to be addressed. Republicans currently hold a narrow majority in both the Senate and the House of Representatives. There have been some legislative efforts in Congress to pursue such a proposal but they are yet to become law and in his post Trump did not offer explicit support to any specific bill. Opposition lawmakers have criticized Trump, a Republican, …