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ECB to deliver fresh rate cut as inflation cools
ECB to deliver fresh rate cut as inflation cools
Business and 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
Business and 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.

Apple AI expected to star as new iPhones are unveiled
Apple AI expected to star as new iPhones are unveiled
Business and 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.