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ECB to hold interest rates steady with inflation subdued
ECB to hold interest rates steady with inflation subdued
by  AFP

The European Central Bank is expected to hold interest rates steady this week for its third straight meeting, with inflation under control and the long-struggling eurozone economy looking healthier. The eurozone economy has long been treading water, dragged down in particular by a poor performance in Germany, with growth rates lagging far behind those of China and the United States.

Australia sues Microsoft over 'misleading' AI offer
Australia sues Microsoft over 'misleading' AI offer
by  AFP

Australia's competition watchdog accused Microsoft on Monday of misleading people into paying for its AI assistant Copilot. But there was a partly hidden third option -- visible only when people started to cancel -- of sticking to existing "Classic" plans without Copilot for the original price, the Australian Competition and Consumer Commission said in a statement.

Novartis acquiring US firm Avidity Biosciences for $12 bn
Novartis acquiring US firm Avidity Biosciences for $12 bn
by  AFP

Swiss pharmaceutical giant Novartis announced Sunday it had agreed to buy Avidity Biosciences, with the San Diego-based biopharmaceutical company being valued at $12 billion. Novartis, based in Basel in northern Switzerland, announced in April that it planned to invest $23 billion in the United States over five years. rjm/jj

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