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The Swiss National Bank (SNB) on Thursday cut its benchmark interest rate by 25 basis points to 0%, fueling fresh concerns that Switzerland may soon revisit negative interest rates. The move was widely anticipated, with markets pricing in an 81% chance of a quarter-point cut ahead of the announcement. Policy Shift Amid Easing Inflation In…
The Federal Reserve has kept interest Rates unchanged, maintaining the target range at 4.25% to 4.5%, while signaling a cautious outlook on inflation amid growing tariff pressures. Policymakers also reiterated expectations for two rate cuts later this year, although recent commentary suggests a more uncertain path ahead. Fed Signals Caution Amid Tariff-Driven Inflation At his…
Japan’s government plans to cut sales of super-long Japanese government bonds (JGBs) by around 10% for the current fiscal year, aiming to calm investor concerns about market imbalances and rising yields, according to a draft plan seen by Reuters. The rare revision in its Bond issuance program comes after a surge in super-long JGB yields…
The tech world is abuzz with talk of “solo unicorns” — one-person AI-driven companies reaching billion-dollar valuations. While none have yet materialized, Israeli developer Maor Shlomo’s six-month-old startup Base44 has brought the concept one step closer to reality. On Wednesday, website builder Wix announced the acquisition of Base44 for $80 million in cash, confirming details…
Midjourney, one of the leading AI image generation startups, has officially entered the AI video generation market with the launch of its much-anticipated V1 model. Announced on Wednesday, V1 allows users to upload an image—or use one generated by Midjourney’s other models—and transform it into four distinct five-second video clips. Like Midjourney’s popular image models,…
When Joe Kinvi joined Irish startup Touchtech Payments in 2017 as head of finance, the company couldn’t afford his full salary. So Kinvi negotiated stock options instead — a decision that paid off handsomely when Stripe acquired the company just 18 months later. With his newfound financial freedom, Kinvi bootstrapped a side project that would…
It’s been over four years since Spotify first announced its plans to launch a lossless audio tier, and users are still waiting. Despite frequent leaks and cryptic remarks from executives, the much-anticipated high-quality streaming option has yet to materialize. Now, new findings suggest Spotify may finally be preparing to roll it out. Fresh Clues in…
Japan’s Central Bank on Tuesday announced a measured approach to slowing its government bond purchase reductions while maintaining its benchmark interest rate at 0.5%, as rising growth risks weigh on the economy. The Bank of Japan (BOJ) confirmed it would continue reducing monthly Japanese government bond (JGB) purchases by around 400 billion yen ($2.76 billion)…
When Spotify CEO Daniel Ek isn’t transforming the music industry or building his AI-powered health startup, he’s making bold moves in European defense technology. Ek’s investment Firm, Prima Materia, has just led a massive €600 million funding round in Helsing — a Munich-based defense tech startup — catapulting its valuation to €12 billion, as first…
Google has introduced its new Safety Charter in India, aiming to bolster AI-led efforts to detect fraud and combat scams in the country—its largest market outside the U.S. This move comes as digital fraud continues to surge, with Unified Payments Interface (UPI)-related fraud growing 85% year-over-year to ₹11 billion ($127 million), according to government data….