Hormuz Strait Sees Highest Daily Ship Traffic Since Mid-April

Local time: June 19. On the 19th, Iran’s Strait of Hormuz Authority stated that, citing the signed Iran-US memorandum of understanding and relevant regulatory directives, it is notifying strait passage applicants: Vessels that submit passage applications as required and meet all relevant criteria within the announced timeframe will be arranged for transit. Per the strait passage requirements released by the authority, transit applications must be filed at least 48 hours prior to a vessel’s arrival in the Strait of Hormuz region.

BANGALORE, India – June 19 (Reuters) – RMZ, India’s diversified real estate and investment firm, plans to boost its data center capacity to between 2 and 3 gigawatts over the next five years as part of its $35 billion investment plan, a senior company executive said. Based in Bangalore, RMZ currently operates 250 megawatts of data center capacity. In an interview, Deepak Chhabria, president of RMZ’s Infrastructure division, revealed the firm is in final-stage negotiations for three data center projects that will lift its total capacity to more than 1 gigawatt once completed. Chhabria also added that RMZ intends to acquire land by the end of this year to support an additional roughly 2 gigawatts of future data center capacity. For round-the-clock monitoring of global AI hot topics and news, join the BlockBeats · Feishu AI News Channel via the link to the original article.

June 19 — Iran’s Strait of Hormuz Management Department announced that, pursuant to a memorandum of understanding (MOU) reached with the United States, all vessels submitting properly completed applications will be granted transit through the Strait of Hormuz. The department has issued new regulations for vessels applying to traverse the strategic waterway. Applications submitted through unofficial channels will not be processed, and all requests must be filed at least 48 hours in advance. Source: FX168

June 19 – TechCrunch, citing a source close to the deal, reports that AI-driven startup Deductive – which leverages artificial intelligence to uncover and remediate software vulnerabilities – has agreed to be acquired by enterprise software firm Elastic for up to $85 million. Founded in 2023, Deductive launched its public debut last November when it announced a $7.5 million seed round led by CRV, with Databricks Ventures, Thomvest Ventures, and PrimeSet also participating. Per PitchBook data, that funding round valued the startup at $33 million. Neither Elastic nor Deductive has responded to repeated requests for comment. Click the link below to join BlockBeats’ Feishu AI News Channel, a 24/7 resource tracking global AI news and hotspots.

June 19 – According to a report from Nikkei News, Japan’s Financial Services Agency (FSA) announced Wednesday it has issued a partial business suspension order to moomoo Securities, a foreign-owned online brokerage firm operating in Japan. The order requires the firm to stop soliciting and accepting new account openings between June 19 and September 18, a three-month period. The FSA also issued a business improvement order, mandating that moomoo strengthen its internal management systems, clarify the responsibilities of senior executives, and develop a formal business improvement plan to prevent recurring issues. The FSA cited multiple violations by moomoo, including improper practices such as providing false explanations to customers and marketing products ineligible for Japan’s Nippon Individual Savings Account (NISA) program as if they qualified. Japan’s Financial Instruments and Exchange Act prohibits soliciting clients or entering contracts based on false information. Additionall

On June 19, the Central Bank of Russia cut interest rates by 25 basis points, against market expectations of a 50-basis-point reduction. (Kyi)