Christine Lagarde Says ECB to Cut Interest Rates Further
The European Central Bank will continue cutting interest rates as the inflation spike in recent years has increasingly moved into the rear-view mirror, bringing the 2% target.
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European Private-Sector Contraction Eases on Services
In December, the private sector of the eurozone shrank in smaller volumes compared to initial expectations, which is the result of contributions from the services sector that exceeded forecasts.
Australia Develops Plan to Boost AI Investment
In Australia, the Department of Industry, Science and Resources is starting work on a National AI Capability Plan.
Bitcoin to Gold Ratio Hits Historic Highs
The new record of 40 gold ounces per BTC was registered just as the “digital gold” was being traded at over $106K per Bitcoin.
HSBC Reportedly to Scale Back Retail Banking in Some Countries
The media has released information according to which HSBC is currently considering scaling back its retail banking operations in countries such as Mexico, Malaysia, Indonesia, and some others.
Visa Direct to Launch Instant Fund Transfers for U.S. Bank Accounts in 2025
Visa Direct is planning to introduce a feature that allows funds to be transferred and made available in U.S. bank accounts within one minute or less.
Moody’s Downgrades France’s Credit Rating
Moody’s Ratings downgraded France’s credit rating after local far-right leader Marine Le Pen toppled the country’s government as part of a dispute over reducing the public’s budget deficit.
Intel Executives Say About Possibility of Manufacturing Spinoff
The two executives leading Intel this week acknowledged that the company may be forced to sell its manufacturing operations.
Liquid AI Closes $250 Million Early-Stage Funding Round
Liquid AI, a startup operating in the area of generative artificial intelligence, announced on Friday, December 13, that it closed a $250 million early-stage funding round led by chip manufacturer Advanced Micro Devices (AMD).
Flushing Financial Seeks to Raise $70 Million
The media published information according to which Flushing Financial, a New York-based commercial real estate lender, is currently seeking to raise $70 million.
Meta Releases New AI Model
Meta last Thursday, December 12, announced that it was releasing a new artificial intelligence model called Motivo, which can control the movements of a human-like digital agent and potentially enhance the Metaverse experience.
Shares of Broadcom Demonstrate Growth
The value of Broadcom shares showed growth on Friday, December 13, which amounted to 14%, and an indicator of the market capitalization of this chip manufacturer, which headquarters are located in Palo Alto. California is approaching the iconic $1 trillion mark.
Klarna and eBay Bring BNPL to New Markets
Flexible Klarna buy now pay later (BNPL) options are now available to eBay customers in more European markets.
UK Banking Regulator Requests Data on Crypto Exposure
British regulator wants local UK firms to provide information about their current and expected future crypto asset exposures as well as the application of the Basel framework for the prudential treatment of crypto assets.
Binance Sees $24B Customer Deposit Inflows in 2024
Binance attributes the growth in customer deposit inflows to a global surge in the adoption of digital assets, historic price milstones, and the increasing regulatory clarity regarding cryptocurrency status.
AI Startup Vapi Raises $20 Million
Vapi startup, which is based in San Francisco and helps businesses to deploy voice agents powered by artificial intelligence, on Thursday announced that it had raised investments worth $20 million.
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