Economy

Economy Latest News

Wearable tech has far to go before challenging smartphones
Wearable tech has far to go before challenging smartphones
by  AFP

Wearable gadgets like smart watches and glasses are growing more capable every year, but experts say smartphones will remain ubiquitous for the foreseeable future -- not least thanks to artificial intelligence features. That's one reason why smart watches able to make calls and send messages largely remain tethered to wearers' smartphones for now.

Eurozone inflation eases slightly in February
Eurozone inflation eases slightly in February
by  AFP

Eurozone inflation edged down slightly in February to 2.4 percent, reversing a four-month upward trend thanks to a slowdown in energy price increases, official data showed on Monday. Services sector inflation slowed to 3.7 percent last month, lower than the 3.9 percent recorded in January, Eurostat data showed.

AI, trade tensions to mark Barcelona mobile industry meet
AI, trade tensions to mark Barcelona mobile industry meet
by  AFP

Frantic optimism about artificial intelligence's potential to empower gadgets is set to clash with fears about trade tensions stoked by the White House at this week's Mobile World Congress (MWC) in Barcelona. Generative artificial intelligence's capture of tech industry attention since ChatGPT first emerged has made it a must-have for any firm developing new devices.

ECB to cut rates again as debate heats up on pause
ECB to cut rates again as debate heats up on pause
by  AFP

The European Central Bank is expected to cut interest rates again this week in a bid to boost the floundering eurozone economy, even as debate heats up about when to hit pause. - Rate debate - Some policymakers are starting to ask how the central bank should continue on the path downward.