Author: Charlotte

OpenAI is recruiting a power-trading lead for its data centres. The role will own commodity hedging strategy across the company’s power portfolio. It will have no direct reports at first. Bloomberg’s Julian Hast reported the listing on Monday. OpenAI did not immediately respond to a request for comment. The company’s own job posting places the role on the Power & Land team, inside datacenter design. It pays $181,000 to $285,000 plus equity, and it is open in Seattle, San Francisco or remote. What the job actually asks for OpenAI wants at least 10 years in power trading, commodity risk management…

A Standard Chartered-led joint venture kicked off institutional use of Hong Kong dollar-backed stablecoins on Wednesday, a year after the city put its stablecoin law into effect as part of an effort to become a global hub for digital assets.Retail use of the regulated cryptocurrency was expected “as early as end-2026”, subject to market conditions, said Anchorpoint Financial, a Hong Kong-licensed stablecoin issuer, in a statement on Wednesday.A joint venture formed by Standard Chartered, Animoca Brands and HKT, Anchorpoint said it began the first phase of its HKDAP coin roll-out via beta access, enabling initial distributors and users to begin…

Active global real estate funds recorded the highest one-year success rate of any category studied: 73.7%, up from just 15% a year earlier, a gain of more than 58 percentage points. US real estate active funds also improved, reaching 53% for the year. Over 10 years, both US real estate (42%) and global real estate (45%) outpaced most equity category benchmarks. Cost is the clearest predictor of success Across all categories and time frames, the Morningstar data points to one variable with consistent predictive power: fees. Active funds in the cheapest cost quintile beat passive peers at a 33% rate…

Trinidad and Tobago’s labour market has stabilised, but the economy remains too weak to generate the sustained job growth needed to lift participation, productivity and living standards, according to economist Prof Roger Hosein.Hosein’s assessment comes from his review of the July 24, 2026 Labour Force Survey, the International Monetary Fund’s 2026 Article IV consultation and Standard & Poor’s latest assessment of the economy.Although prepared independently, Hosein said the three reports point to a common conclusion: Trinidad and Tobago has regained a measure of macroeconomic stability but has yet to restore the economic dynamism it enjoyed during earlier periods of stronger…

Uniswap’s UNI has plummeted the most today, losing over 10% of value. Bitcoin’s price rejection at $65,400 from earlier this week brought another leg down in the past 24 hours as the asset slipped to a 9-day low of $63,200, where it finally found some support. Interestingly, most larger-cap alts are slightly in the green on a daily scale now, even Ripple’s XRP, which dipped below $1.00 for the first time in nearly two years yesterday. BTC Tried to Recover The primary cryptocurrency’s August low came at the start of the month when it dipped to $62,200 on a…

Economists have cast doubt on Treasurer Jim Chalmers’ suggestion property prices will grow over the next couple of years, arguing Treasury analysis showing Labor’s tax changes would barely dent the housing market had been “mugged by reality” as the downturn deepens.Chalmers on Wednesday conceded “policy changes” were among several factors weighing on the housing market, alongside economic conditions and interest rates, but stopped short of pointing to the government’s tax changes in the May budget.Loading… Source link

Europe has spent years making payments faster. Instant transfers are becoming normal. Richer data improves visibility. Digital channels have changed how customers judge financial services. Yet a payment can reach its destination in seconds while the institution behind it takes hours to understand what happened. Fraud controls may sit apart from customer context. Treasury may manage liquidity without seeing the journey. Compliance may rely on different information. Reconciliation may depend on systems designed for fixed banking hours. This is the paradox facing payment leaders. The transaction is modern, but the operating model remains fragmented. The next phase of European payments…

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In its report NFTs and the Blockchain: the risks to sport and culture, the Culture, Media and Sport Committee notes that while sales of NFTs peaked last year and that they may not reach the same level of popularity again, concerns remain over how traditional regulatory regimes have been exposed by the emerging technology. Highlighting evidence of misleading and fraudulent advertising of NFTs, the report calls for the Government to ensure that all those involved at each stage of the marketing of crypto assets take responsibility to protect consumers. The Committee also urges the Government to work with NFT marketplaces…

The message from Reserve Bank of Australia governor Michele Bullock on Tuesday was crystal clear: another interest rate rise is still on the cards.Not everyone is convinced. Economists from Goldman Sachs to JPMorgan are doubling down on their bets that the next move on rates will be down, albeit not until next year.Loading… Source link