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Economy

Italy fines OpenAI 15 million euros over privacy rules breach

MILAN (Reuters) – Italy’s privacy watchdog said on Friday it fined ChatGPT maker OpenAI 15 million euros ($15.58 million) after closing an…
Economy

Investors hope for ‘Santa Claus’ rally as stocks lose steam

By Lewis (JO:LEWJ) Krauskopf NEW YORK (Reuters) – With December so far delivering Scrooge-like returns in an otherwise stellar year for U.S….
Economy

Hungary’s parliament backs 2025 budget plan, deficit target seen at risk

By Gergely Szakacs BUDAPEST (Reuters) – Hungary’s parliament approved Prime Minister Viktor Orban’s 2025 budget on Friday, shrugging off concerns by the…
Economy

Putin says Russia’s economy is overheating, inflation is worrying

By Gleb Bryanski and Vladimir Soldatkin MOSCOW (Reuters) – The Russian economy is showing signs of overheating which is stoking worryingly high…
Economy

No need for ECB to start stimulating growth, Patsalides says

By Balazs Koranyi FRANKFURT (Reuters) – The European Central Bank should keep cutting interest rates by small increments and there is no…
Economy

Philippines central bank cuts rates again, signals more ahead

Investing.com — The Central Bank of the Philippines (BSP) has cut its rates by 25 basis points to 5.75%, marking the third…
Economy

Fed cutting cycle could be almost over, BofA analysts say

Investing.com — As widely expected, the Federal Reserve announced a 25 basis points (bps) rate cut at its December meeting, bringing the…
Economy

Here are the key takeaways from Putin’s annual press conference

Investing.com — On Thursday, Russian President Vladimir Putin expressed readiness for a dialogue with U.S. President-elect Donald Trump, while also discussing Russia’s…
Economy

Oman’s Investment Authority acquires stake in Elon Musk’s XAI company, state news says

DUBAI (Reuters) – The Oman Investment Authority (OIA) has acquired a stake in the artificial intelligence company XAI owned by Elon Musk,…
Economy

Fed looks set to tweak reverse repo rate to speed exit of cash

By Michael S. Derby NEW YORK (Reuters) – The Federal Reserve appears likely to take a step on Wednesday to nudge cash…
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