Finance

Canada and Japan Strengthen Ties to Ensure Global Market Stability

Japan and Canada have agreed to collaborate in maintaining stability in global financial markets and the broader financial system, following concerns over the U.S. government's recent tariff policies. In a phone call on Wednesday, Japanese Finance Minister Katsunobu Kato and Canadian counterpart Francois-Philippe Champagne discussed the potential impacts of U.S. tariffs, which have sparked significant market volatility. This includes falling global stock prices, a dip in bond prices, and a weakening of the U.S. dollar. As President Trump imposed a 104% tariff on Chinese imports and China retaliated with a higher levy on U.S. goods, both Japan and Canada expressed their intent to work with the G7 and the International Monetary Fund to stabilize the markets. Champagne also engaged with other global leaders, including European Union Commissioner Valdis Dombrovskis, highlighting the importance of continued dialogue. Both countries emphasized their commitment to addressing the fallout from U.S. tariffs and ensuring the stability of the global financial system during this period of upheaval.

TECH

New Data Centers in Dry Areas Raise Alarm Over Water Usage by Big Tech

Amazon, Microsoft, and Google are operating and planning to build numerous data centers in some of the world’s driest regions, consuming significant amounts of water, according to an investigation by SourceMaterial and the Guardian. These centers, crucial for services like AI model training, use water for cooling, exacerbating water scarcity in already vulnerable areas. Despite internal opposition and concerns from sustainability experts, the tech giants defend their practices, claiming they consider water scarcity in their plans. However, experts warn that such developments could strain resources in communities already struggling with water shortages.

CRYPTO

Leverage ChatGPT to Turn Cryptocurrency News into Profitable Trade Insights

ChatGPT can help traders quickly turn cryptocurrency news into actionable trade signals, but effective use requires well-crafted prompts and a broader market context. By analyzing headlines, such as price changes or supply issues, ChatGPT can suggest buy or sell actions, but these insights should be verified with other research and risk management practices. Combining news signals with trends like Bitcoin's performance can refine decision-making, though it's important to remember that AI tools are not foolproof. Traders should test ChatGPT’s suggestions through small trades or paper trading and remain cautious about relying on a single news item.