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OpenAI starts talks with Microsoft about new funding and future IPO 05/12/2025

Markets Rally on US–China 90-Day Tariff Pause as Investors Brace for Protracted Talks 05/12/2025

Bayer to cut more than 200 employees in German crop protection products segment 05/13/2025

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Economics

IMF forecasts global economic slowdown

The International Monetary Fund has revised down the growth expectations for the global economy: the forecast for 2022 has been lowered to 4.4% from the previous 4.9%; in contrast, the 2023 forecast has been improved to 3.8% from 3.6%; global GDP growth in 2021 is provisionally estimated at 5.9%,...

South Korea's GDP growth hits 11-year high in 2021

South Korea's economy grew by 4% in 2021, the highest in 11 years, the Bank of Korea said. "Real gross domestic product (a measure of aggregate GDP) grew by 1.1% in the fourth quarter of 2021 compared with the previous quarter. Real GDP increased by 4 per cent in 2021," the central bank said....

Top 150 EU Banks Will Have To Publish 'Pioneering' Climate Statistics

Large banks in the European Union will have to provide "pioneering" statistics starting in 2024 to illustrate how they support or hamper the climate goals of the block, according to the EU's banking watchdog. The European Banking Authority (EBA) established environmental, social, and...

Rate Hike By US Fed Could ‘Throw Cold Water’ On Global Recovery Says IMF Chief

Interest rate hikes by the Federal Reserve could "throw cold water" on already sluggish economic recovery in some nations, according to Kristalina Georgieva, managing director of the International Monetary Fund. Georgieva said a hike in US rates might have substantial ramifications for...

Cryptocurrencies Slide As Bitcoin Drops 7% And Ether Falls 8% In 24 Hours

On Thursday night, bitcoin and ether prices plummeted, wiping out over $150 billion from the cryptocurrency market. According to CoinDesk, Bitcoin has declined roughly 7 per cent in the previous 24 hours and has reached a low of $38,287. According to CoinDesk data, it was last trading at...

Its Second SPAC Start Trading In Singapore While A Third Is Set To Debut

A day after Singapore’s first-ever SPAC, Vertex Technology Acquisition Corporation, started trading publicly on the city state’s exchange, a second blank check firm began doing the same on Friday. Pegasus Asia's stock began Friday at $5.01 Singapore dollars, unchanged from the $5 Singapore...

Bank Of England Expected To Increase Rates Again In February Amid Surge In Inflation

According to the results of Reuters’ poll, the Bank of England will continue its tightening cycle next month as red-hot inflation remains well over the goal and the economic threat posed by the Omicron coronavirus variation should be less severe than prior mutations. Last month, the Bank...

EC: Gas consumption in Europe is falling

Gas consumption in the European Union fell by 10% in the third quarter of 2021 amid rising prices, according to a report from the European Commission. "Gas consumption in the EU in the third quarter of 2021 decreased significantly by 10%, or 7.5 billion cubic metres, compared to the same period...

Japan's central bank keeps discount rate negative

The Bank of Japan (BOJ) has once again kept its interest rate negative at minus 0.1%, the regulator said in a statement following the meeting. Eight participants in the meeting were in favour of keeping the negative interest rate, while one was against it. The Japanese central bank introduced a...

Chinese Growth Rate In 2021 Highest In A Decade

The economic growth of China staged a major turnaround in 2021, with the highest rate of growth in a decade which was driven by strong exports. However, there were concerns about the slowing down of the momentum because of falling consumption and a housing slowdown which indicated that there is a...