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ECB on track to cut interest rates next week, top bank officials suggest
The bank will still need to maintain restrictive rates until the end of the year, the bank’s chief economist added
SoftBank to sink USD 9 bn a year into AI
The move is part of the company’s strategy to double down on AI and semiconductors investments
Adnoc Drilling sells USD 935 mn stake in rare UAE secondary sale
The Adnoc subsidiary priced its offering at AED 3.90 a share
Emerging markets’ credit ratings finally on the rise
Three-quarters of sovereign credit rating movements in 2024 have been in a positive direction
Crypto gains on ETF optimism + EFG Hermes buys stake in Danish wealth manager
Ether jumps on exchange-traded funds speculation: ETH approached its biggest two-day gain in nearly two years as traders await US…
Top US official voices opposition to global wealth tax
US Treasury Secretary Janet Yellen said that the US will not back a proposal to tax the annual wealth of…
Latest inflation data sends USD rally into reverse
Traders now expect the Fed to deliver two quarter-point rate cuts in 2024
Chinese investment in north Africa, eastern Europe, central Asia more than double that of US and Germany combined
“China is dwarfing FDI from Germany and the US,” the EBRD’s chief economist Beata Javorick told the Financial Times
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