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US Fed may reconsider larger rate cut as inflation persists
Economists and market traders expect a quarter-point rate cut in next week’s Fed policy meeting
Apple, Google lose ongoing battles with EU court, with the two set to pay bns in EUR in fines, taxes
Apple will incur a USD 10 bn one-time tax charge
Traditional tech struggles as AI boom overshadows sector’s slump
Despite the AI boom offering some respite for tech, the overall recovery of the sector remains uncertain
Presight tapped by Jordan to digitize its healthcare sector
PLUS: Accounting firm Sol.online launches in Dubai
Another Chinese bank lists bonds on Nasdaq Dubai
The fresh listing brings the total value of ESG issuances on Nasdaq Dubai to USD 30 bn
IHC’s Finstreet secures licenses for first digital trading platform in ADGM
The platform will cover the full lifecycle of both private and public financial assets
Fed officials “open” to larger rate cuts if necessary
“If the data suggests the need for larger cuts, then I will support that,” US governor Christopher Waller said
Ultra-rich families are set to control USD 9.5 tn by 2030
Loose restrictions are leaving family offices with more power in financial markets
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