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More interest rate hikes may be needed, says ECB's Lagarde
More interest rate hikes may be needed, says ECB's Lagarde
Business and Economy
by  AFP

More interest rate increases may be needed beyond the one coming later this month, European Central Bank president Christine Lagarde said Thursday, as inflation in the eurozone remains stubbornly high. The eurozone's annual inflation rate stood at 8.5 percent in February, the EU's statistics agency Eurostat said Thursday, down from 8.6 percent in January.

Chips industry goes all-in on AI
Chips industry goes all-in on AI
Business and Economy
by  AFP

It's been a wild few years for the microchip industry, recovering from a long-term supply squeeze only to be thrust into the centre of a US-China battle to control supply lines of the valuable technology. But an industry long associated with volatility is quietly getting excited that artificial intelligence (AI) could be the key to some longer-term stability.