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ECB ready to cut rates again as Trump tariffs shake eurozone
ECB ready to cut rates again as Trump tariffs shake eurozone
by  AFP

European Central Bank policymakers look increasingly likely to cut interest rates again on Thursday, with US President Donald Trump's stop-start tariff announcements sowing concern in the eurozone. The central bank has made six quarter-point cuts since June last year as inflation has fallen, bringing its benchmark deposit rate down to 2.5 percent from four percent.

AMD says US rule on chips to China could cost it $800 mn
AMD says US rule on chips to China could cost it $800 mn
by  AFP

Chip developer Advanced Micro Devices (AMD) on Wednesday said it expects new US licensing requirements for semiconductors exported to China to cost it as much as $800 million. AMD said in the filing that it "expects to apply for (export) licenses but there is no assurance that licenses will be granted."

Zuckerberg denies Meta bought rivals to conquer them
Zuckerberg denies Meta bought rivals to conquer them
by  AFP

Meta chief executive Mark Zuckerberg on Wednesday denied in court that his company bought rival services Instagram and WhatsApp to neutralize them, as his testimony in a landmark antitrust case came to a close.

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