SAP(US:SAP) Stock Market News·2025-11-30 22:08Tech & Business Developments - Deutsche Telekom and the Schwarz Group are collaborating to construct an AI data center, referred to as an "AI gigafactory" [2] - This initiative is part of a German consortium that includes SAP and Ionos, aiming for a share of the European Commission's €20 billion ($20.9 billion) "AI gigafactories" initiative [2] - Each gigafactory is projected to require an investment of €3-5 billion (US$3.39-5.66 billion) and is expected to house approximately 100,000 AI chips for training advanced AI models [2] Economic Indicators - New Zealand's building permits fell by a seasonally adjusted 5.2% month-on-month to 2,850 units in October, following a 7.2% increase in September [5] - The total number of new dwellings consented dropped by 16% year-on-year to 33,467 units [6] - The annual value of non-residential building work consented decreased by 3.5%, totaling NZ$9.3 billion [6] Military Operations Under Scrutiny - Defense Secretary Pete Hegseth is facing controversy over allegations of ordering a "second boat strike" in the Caribbean, which he has denied as "fabricated" [7] - U.S. forces have conducted over 20 boat strikes in the Caribbean and eastern Pacific since September, resulting in at least 80 deaths [7]