News

The Spanish Banking Association stated in a report that regulatory simplification could release €2 trillion in credit lending capacity in Europe.

UK government bonds fell on Friday as a rise in oil prices reignited inflation concerns, while Greater Manchester Mayor Andy Burnham won a parliamentary seat in a special election, heightening UK political uncertainty. The 10-year UK gilt yield rose by 5 basis points to 4.81%, underperforming its European counterparts.With the US and Iran postponing negotiations on a permanent peace agreement, and Brent crude prices climbing back above $80 per barrel, global bond markets came under pressure. Long-term UK gilt yields had already been pushed higher by the Iran conflict, and last month reached their highest level since 1998 after Burnham indicated his intention to run for Parliament.Burnham's victory in the North of England's Makefield constituency allows him to challenge Prime Minister Keir Starmer's leadership. Peel Hunt Chief Economist Kallum Pickering said this victory "was largely priced in by the market before it happened." He added that, since Parliament does not sit on Fridays, Burnham may be sworn in on Monday. "Today and throughout the weekend, we may only be able to speculate how any challenge will play out."

BlockBeats news, on June 19, the US Federal Energy Regulatory Commission (FERC) on Thursday requested grid operators to accelerate the processing of grid connection applications from data centers and other large electricity users. According to the directive, the six main grid operators must prove that data centers can be connected to the transmission system "in a timely and orderly manner." Data centers are responsible for their own grid connection costs. The resolution was unanimously approved by the commissioners. FERC also opened space for grid technology startups, requiring grid operators to consider "alternative transmission technologies." Although no specific technologies were named, this directive may cover solid-state transformers or superconducting transmission lines. Currently, grid operators are required to submit a report within 30 days indicating whether they have available redundancy generation capacity (if any). Within 60 days, they must "justify or revise the pricing system for their respective regions." In addition, FERC instructed grid operators to further support data centers in using "behind-the-meter power" (i.e., user-side self-generation/self-owned power sources). Click the link below for the original article and join Beating · Feishu AI News Channel to monitor global AI hotspots and news 24/7 nonstop.