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ECB to deliver fresh rate cut as inflation cools
ECB to deliver fresh rate cut as inflation cools
Economy
By AFP

The European Central Bank is expected to cut interest rates again this week as inflation drifts back down towards its two-percent target, but policymakers will likely stay tight-lipped on future moves. The central bank has in recent times insisted it will not foreshadow its future moves, and will rely solely on incoming data.

Asian markets tumble as US jobs data stoke recession fears
Asian markets tumble as US jobs data stoke recession fears
Economy
By AFP

Asian markets tumbled Monday after another batch of worse-than-expected US jobs data revived fears about a possible recession in the world's top economy. "The current batch of data no longer requires patience, it requires action," he warned, while adding that he did not think the economy was in recession or headed for one.

US takes on Google's ad tech empire in antitrust trial
US takes on Google's ad tech empire in antitrust trial
Economy
By AFP

Google faces its second major antitrust trial in less than a year on Monday, with the US government accusing the tech giant of dominating online advertising and stifling competition. Her decision on whether Google has broken antitrust law will come months after the trial.

Apple AI expected to star as new iPhones are unveiled
Apple AI expected to star as new iPhones are unveiled
Economy
By AFP

Apple is expected to release its latest line of iPhones on Monday that will feature generative AI capabilities as the tech behemoth looks to bolster sales of its iconic device. By adding AI capabilities, Apple is looking to "shake that expectation" that iPhone launches are "just steady improvements in hardware and software," said Techsponential analyst Avi Greengart.