Money

• Day two of Money20/20 Europe focused on operational strategies involving sovereign clearing networks, stablecoin treasury infrastructure, and the reliability gap in quantified AI. • Technical service providers and banks are being encouraged to develop advanced APIs that go beyond minimum regulatory requirements to create premium data-sharing partnerships. • This strategic shift allows financial institutions to monetize high-value datasets and secure customer ownership during critical financial decision-making moments.

• SoftBank has announced plans to invest up to 75 billion euros in artificial intelligence infrastructure in France, marking its largest AI-focused investment in Europe to date. • During his appearance in Paris, SoftBank CEO Masayoshi Son compared the current state of AI development to the early days of the internet, suggesting significant growth potential. • This massive capital injection underscores the global race to build the physical and digital infrastructure necessary to support advanced AI scaling.

High court in Edinburgh hears £125K vehicle was described as a van in faked invoice and stocked with luxury goodsThe luxury motorhome that Peter Murrell bought using money stolen from the Scottish National party was driven for only four miles, sitting unused for more than two years.Murrell, then the SNP’s chief executive, drove the £124,550 Niesmann+Bischoff vehicle from the dealers at Halbeath in Fife in January 2021 to his mother’s home in Dunfermline – a cost of £31,138 a mile.A hand-chased silver wine coaster from Hamilton & Inches worth £3,500 which was described as spending on “leadership expenses”.A £23 egg poacher was listed in SNP records as “computer hardware purchases – internet cabling”An £81,000 Jaguar I-Pace SUV was identified as “stage payment” in a fake invoice.The £3,070 cost of a robotic Husqvarna lawnmower, found by police at the home he then shared with Sturgeon, was listed as “legal fees”. Continue reading...

International money transfer service’s shares tumble as it confirms discussions with prosecutor’s officeBusiness live – latest updatesWise, the UK-based international money transfer service and darling of the London fintech scene, has confirmed it is answering questions from Belgian prosecutors investigating money laundering, sending its shares tumbling.In a statement to the stock market, Wise said it was “currently working with the Brussels prosecutor to respond to queries about our business, as we routinely do with regulators and law-enforcement authorities. Continue reading...

• China's Communist Party journal, Qiushi, has signaled a regulatory shift urging internet platforms to pivot their business strategies. • Tech giants including Alibaba, Meituan, and PDD Holdings are being encouraged to prioritize investments in artificial intelligence and cloud computing. • This move aims to steer companies away from aggressive subsidies and destructive price wars that hinder sustainable growth.

• The Singapore Open 2026, a BWF World Tour Super 750 event, will feature a total prize pool of $1,000,000 (approximately Rs 95.7 crore). • Key competitors include world champions Liu Shengshu and Tan Ning in women's doubles, as well as top-seeded mixed doubles pair Feng Yanzhe and Huang Dongping. • India's Treesa Jolly and Gayatri Gopichand have withdrawn from the tournament, leaving Ashwini Bhat K. and Shikha Gautam as the nation's primary representatives.

• India and the US will initiate a four-day round of talks starting Monday to finalize the details of a proposed interim trade agreement. • Market analysts, including Geojit Investments' Dr. V K Vijayakumar, note that Foreign Portfolio Investors (FPIs) are shifting capital from India to the US, Japan, South Korea, and Taiwan. • This capital flight is driven by superior earnings growth and strong AI-related trade in those developed markets compared to poor earnings growth within India.