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16.02.26 - 19:36
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UK bank bosses plan to set up Visa and Mastercard alternative over Trump fears (The Guardian)
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Exclusive: First meeting to be held over domestic payments system aimed at reducing reliance on US networksUK bank bosses will hold their first meeting to establish a national alternative to Visa and Mastercard, amid growing fears over Donald Trump's ability to turn off US-owned payment systems.The meeting, chaired by Barclays' UK chief executive, Vim Maru, will take place this Thursday and bring together a group of City funders that will front the costs of a new payments company to keep the UK economy running if problems were to occur. Continue reading......
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16.02.26 - 17:42
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Futures, Global Markets Rise With US Markets Closed For President′s Day (ZeroHedge)
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Futures, Global Markets Rise With US Markets Closed For President's Day
Stocks gained, bitcoin tumbled and bonds steadied after Friday's cool CPI data reinforced expectations that the Fed will cut interest rates on multiple occasions this year. With US markets closed for the Presidents' Day holiday and mainland China's markets closed for Lunar New Year holidays, trading was muted on Monday. As of 9:00am ET, futures on the S&P 500 added 0.4% and Europe's Stoxx 600 index rose 0.4% as banking shares rebounded from a sharp decline last week. German bunds and Treasury futures were steady after US yields touched the lowest since December on Friday.
The path of US interest rates remains in focus following Friday's slower-than-expected US inflation print as traders fully price a Fed cut in July and the strong chance of a move in June.
“The backdrop for equities is positive post CPI,” said Andrea Gabellone, head of global equities at KBC Securities. At the same time, there cou...
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16.02.26 - 17:42
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Pentagon Threatens To Blacklist Anthropic As ′Supply Chain Risk′ Over Guardrails On Military Use (ZeroHedge)
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Pentagon Threatens To Blacklist Anthropic As 'Supply Chain Risk' Over Guardrails On Military Use
The Pentagon is reportedly about to cut ties with Anthropic, makers of Claude, which is already embedded in classified systems
The company insists on implementing guardrails over how the US military can use Claude - specifically when it comes to mass surveillance and autonomous weapons - after it was used in the Maduro raid without their knowledge.
The Pentagon is now calling Claude a threat to national security
Some are accusing the overwhelmingly left-leaning company of trying to undermine the Trump administration, while Elon Musk says Claude 'hates whites, Asians, heterosexuals, and men.'
Defense Secretary Pete Hegseth is reportedly "close" to cutting business ties with Anthropic and designating the firm a supply chain risk - a penalty typically reserved for foreign adversaries, a senior Pentagon official told Axios.
Anthropic's flagship model, Claude, is already embedded in t...
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