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The WMO said on Sept 3 that an El Niño event has been confirmed and is expected to intensify into a very strong (super) El Niño within months. China experienced widespread, high-intensity summer rainfall in the east and above-normal typhoon frequency

2026-09-04

The WMO said on Sept 3 that an El Niño event has been confirmed and is expected to intensify into a very strong (super) El Niño within months. China experienced widespread, high-intensity summer rainfall in the east and above-normal typhoon frequency and strength; the China National Climate Center expects El Niño-driven impacts to persist through autumn and winter toward a peak, with next summer likely to be particularly affected.

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2026-09-04

1. Nvidia announces acquisition of Hugging Face for $12.93 billion. 2. OpenAI releases GPT-6 Astra model, claiming it may be close to achieving AGI. 3. my country-led international standard for AI applications in smart cities successfully approved.

1. Nvidia announces acquisition of Hugging Face for $12.93 billion. 2. OpenAI releases GPT-6 Astra model, claiming it may be close to achieving AGI. 3. my country-led international standard for AI applications in smart cities successfully approved. 4. Zuckerberg tells Trump he opposes establishing a national AI regulatory body. 5. Pentagon says Anthropic's ban remains in effect, after Lutnik stated he reached a settlement with the government. 6. Saudi Humain, leveraging China's MiniMax, launches an Arabic-language AI model. 7. Jiangsu: Prioritizes technological innovation in overall development and deepens AI-enabled applications. 8. Zhejiang Governor Liu Jie: Vigorously promote AI technological innovation, industrial development, and application empowerment. 9. Crusoe reportedly signs nearly $13 billion AI cloud agreement with Simple Street Capital. 10. Anthropic reportedly close to finalizing a $15 billion pre-IPO credit facility. 11. Report from the China Academy of Information and Communications Technology (CAICT): Reconstructing the computing power measurement and trading system using lexical units will drive the shift from computing power pricing to intelligent service pricing. 12. Report: The surge in global AI computing power exacerbates water resource pressures; "water-energy synergy" becomes a new arena for green computing power competition.
2026-09-04

British research firm TS Lombard states that a strong El Niño could increase the risk of crop yield reductions and food price increases, but historical experience does not support the notion that a strong El Niño inevitably leads to a comprehensive a

British research firm TS Lombard states that a strong El Niño could increase the risk of crop yield reductions and food price increases, but historical experience does not support the notion that a strong El Niño inevitably leads to a comprehensive agricultural commodity bull market: In past El Niño events, wheat, rice, corn, and palm oil did not experience sustained synchronized price surges; the most typical example of a widespread spike in food prices was in 1972-1973. At that time, in addition to El Niño, low inventory levels and a global energy shock also played a role. Compared to the 1970s, current rice, wheat, corn, soybean, and palm oil inventories are more abundant, providing a stronger buffer against the impact of reduced production. While the US Department of Agriculture projects a certain supply-demand gap for wheat, rice, and corn in 2026, the magnitude is expected to be moderate, and in August, it even raised its production forecasts for some agricultural products. However, two upside risks need to be considered: 1. Rising fertilizer prices will increase agricultural costs and affect planted area and yield; 2. Expanded use of biofuels in emerging markets will also deplete some of the agricultural commodity inventories available for food consumption. (The above views are from TS Lombard's September 2nd report)
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