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According to the European Commission’s latest forecast, the eurozone economy is still on track for a soft landing, with inflation predicted to decline more rapidly than previously anticipated and economic growth projected to pick up throughout the coming years. Gross domestic product is expected to grow by 0.8% in 2024 and 1.4% in 2025,…

According to recent developments, self-driving technology is making significant progress despite initial hype exceeding reality. While widespread implementation of autonomous technology is still expected to take several more years, experts believe that autonomous mobility has a promising future. The S&P Global Mobility analysis released in late 2023 suggests that autonomous technology will not be…

Following a major hack that drained $20 million from its decentralized lending protocol, Sonne Finance’s SONNE token plummeted by 60%, reducing its market cap to $20 million. The exploit, which occurred on Sonne’s platform on the Optimism blockchain, involved a “donation” attack that manipulated certain markets offered by the platform, allowing the attacker to…

According to the latest European Commission forecast released on Wednesday, while the organization maintained its prediction from February that the Eurozone economy will grow by 0.8% in 2024, it acknowledged that inflation is likely to decelerate more rapidly toward the European Central Bank’s target. The Commission stated that uncertainty and downside risks have increased…

The article reports that Chinese electric vehicle (EV) startup Aiways is set to go public through a merger with a US special purpose acquisition company (SPAC), called Hudson Acquisition Corp, with the deal expected to value the company at around $400m. This move provides a lifeline for Aiways, which halted production at its Shangrao…

According to the latest information provided, several central banks have recently adjusted their monetary policies in response to changing economic conditions. In Sweden, the Riksbank cut its policy rate by a quarter point to 3.75% and indicated that it could make two additional cuts in the second half of the year. This follows a…

The European Central Bank (ECB) has recognized the potential benefits of using artificial intelligence (AI) in finance, such as improved data processing and cybersecurity measures, but has warned that the technology requires close monitoring due to its nascent state. The ECB highlighted concerns including herding behavior, over-reliance on a small number of providers, and…

Despite recent signs of weakness in the global gasoline market, demand is expected to remain robust this summer, according to Rystad Energy A/S. The company predicts that consumption will exceed pre-pandemic levels seen in 2019, with global demand projected to reach 26.8 million barrels a day in August. This positive assessment is shared by…

In a significant win for the London stock exchange, British PC manufacturer Raspberry Pi has announced its intention to float on the exchange. This follows a string of high-profile British companies opting for listings in the US instead, including Arm Holdings and bookmaker Flutter Entertainment. Raspberry Pi, which produces low-cost computers for industrial IoT,…

The current situation in the French Pacific territory of New Caledonia has prompted French President Emmanuel Macron to gather a group of top ministers for urgent discussions. This meeting, scheduled by the President’s office on Wednesday, will take place at the special defense and security council. In attendance will be Prime Minister Gabriel Attal,…