New export rules under Trump's AI action plan support data center growth in Asia
'Obviously as time goes, the
AI demand
will definitely really be more important than anything else because that's the way things are going,' Khoo said.
DayOne is looking to expand across Asia and Spain as it targets one gigawatt in total capacity, boosted by cloud and AI demand. Its latest addition is a 20-megawatt facility in Singapore, powered by renewable energy.
Founded in 2022, DayOne operates data centers in markets including Malaysia, Indonesia, Hong Kong and Japan.
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Mint
19 minutes ago
- Mint
Trump says US-EU trade deal is close — But sticking points remain
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First Post
19 minutes ago
- First Post
US, EU trade talks begin in Scotland as von der Leyen seeks deal with Trump
US President Donald Trump and European Commission President Ursula von der Leyen convened in Scotland on Sunday in a bid to resolve a prolonged transatlantic trade row. read more US President Donald Trump and European Commission President Ursula von der Leyen met in Scotland on Sunday to push forward high-stakes trade negotiations with both sides under pressure to avert a transatlantic tariff clash before an August 1 deadline. The talks come after weeks of intense back-and-forth between Washington and Brussels as the EU seeks to strike a deal that would shield key sectors, particularly automobiles, pharmaceuticals and industrial goods from sweeping new US tariffs. STORY CONTINUES BELOW THIS AD Trump has threatened to impose fresh 30% tariffs on EU goods if an agreement is not reached by Friday, on top of existing levies including 25% on cars and parts and 50% on steel and aluminium. He has maintained that the EU has treated the US unfairly and warned that without a deal, punitive measures would go ahead. Despite the rising stakes, Trump said the chances of a deal were '50-50', while calling von der Leyen a 'highly respected woman' and expressing hope that the meeting would be productive. Speaking from his Turnberry resort on Friday, he said that there were '20 sticking points' in the negotiations but declined to elaborate. The EU, the United States' largest trading partner, exported €532 billion ($603 billion) worth of goods to the US in 2024, with pharmaceuticals, auto components, and chemicals among the biggest categories. The two sides exchanged a total of €1.6 trillion ($1.8 trillion) in goods and services last year, underscoring the magnitude of what's at stake. In preparation for Sunday's talks, EU negotiators consulted with Japanese officials, whose recent deal with Washington secured a baseline tariff of 15%. Trump has been aiming for similar trade shakeups globally, having already clinched agreements with the UK, Japan, Indonesia and Vietnam, though his administration has fallen short of delivering on its '90 deals in 90 days' pledge. STORY CONTINUES BELOW THIS AD With the clock ticking, both Trump and von der Leyen are hoping Sunday's discussions in Scotland will pave the way for an agreement that could reshape one of the world's most important trade relationships and stave off another economic confrontation.
Indian Express
19 minutes ago
- Indian Express
Trump says US and EU have ‘good chance' of reaching trade deal
US President Donald Trump said on Sunday that there is a 'good chance' the United States and the European Union will reach a trade agreement. Speaking at the start of a meeting with European Commission President Ursula von der Leyen at his golf resort in Turnberry, Scotland, Trump said that a few key issues still needed to be resolved. 'We've got three or four main sticking points,' Trump said, according to Reuters. 'The main one is fairness especially around cars and agriculture.' Trump has often raised concerns about EU trade policies that he says limit American exports. Talks between US and EU officials have been ongoing as both sides try to avoid higher tariffs. This is a developing story
