The European Central Bank raises interest rates by a quarter percentage point and predicts that inflation will remain 'too high for too long'

The European Central Bank announced a new quarter-point rate increase on Thursday, bringing its key rate to 3.75 percent.

The most recent action concludes a full year of consecutive rate increases in the euro zone, which the ECB began in July to combat high inflation.

"In...

The European Central Bank (ECB) has released its bug report on the proposed EU Artificial Intelligence Act

Grace is a lifelike robot nurse created with artificial intelligence to provide emotional support to patients during a pandemic and make them feel at peace.

Artificial intelligence (AI), a self-teaching system that recognises patterns in previous data, is pervasive in all aspects of lif...

IPL SEASON 13 TO BE HELD IN UAE: BCCI SEEKS GOVERNMENT APPROVAL

Highlights

• IPL governing council chairman, Brijesh Patel confirmed the news of IPL 13 being organised in the UAE

• IPL 13 could be organised from September 19 instead of September 26 till November 7

A news that brought extreme happiness to all the cricket...

BANKS REQUEST THE FINANCE MINISTRY AND RBI TO RELAX ECB RULES

Highlights

• According to the data given by Singapore-based firm BondEvalue, a set of 53 bonds now globally yield spreads of over 450 basis points

• If the Finance Ministry and the RBI approve relaxation, the companies facing shortage of funds can rake in funds from ...

IS BCCI PLANNING IPL 2020 IN UAE IN THE MONTH OF OCTOBER?

Highlights

• The Emirates Cricket Board (ECB) has expressed interest in hosting the season thirteen of Indian Premier League (IPL)

• Three stadiums located in close proximity are instrumental in making the UAE as the best option available

• BCCI Presid...

EUROPEAN STOCK MARKET STEADY GAINS ON FRIDAY

Highlights –

• The announcement made by ECB yesterday did not disturb the stock market with major changes.
• European shares resumed back with a steady index from yesterday.
• The pan-European STOXX 600 gained 1.3%.
• Bank sto...

EUROPEAN STOCK MARKET ATTAINS SLIGHT LOSS THIS THURSDAY

Highlights –

• The announcement made by ECB leads to a slight decline in the European share market.
• Uncertainty among the investors with ECB’s possible bond purchases.
• The pan-European STOXX 600 index slipped 0.4%.
• Euro...

CORONAVIRUS: ENGLAND CRICKET TEAM AGREES FOR PAY CUT

Highlights

• England cricketers opt for voluntary salary cut for next three months

• Cricketers from both the team’s, Men and women will give away 20 percent of the pay

• ECB will bring package of 61 million pounds towards rebuilding of cricket

UK BANKS SAY NO DIVIDEND THIS YEAR

Highlights

• Biggest banks in UK decide to not give dividends in year 2020

• Barclays, Standard Chartered, HSBC, NatWest among the few

• Bank of England, European Central Bank and Prudential Regulatory Authority behind this decision

Majority ...

DOLLAR REMAINS STABLE AMID CORONAVIRUS FEARS

Highlights:

• The dollar remained strong amid the spreading of coronavirus.
• Euro slumps after the European Central Bank cut the interest rates.
• The Federal Reserve has announced to provide $1.5 trillion in short term liquidity to provide stab...

After Trump tweets, European stocks make gains

European equities recovered after President Donald Trump tweeted that the US was "getting very close to a trade deal with China." Stocks recorded minimal losses earlier Thursday after the European Central Bank (ECB) kept its rates unchanged after the first monetary policy meeting of new...

Lagarde is set to form first-ever policy announcement

New President Christine Lagarde of the European Central Bank is unveiling its first monetary policy with analysts who search for hints of leadership and the bank's response to the eurozone's stuttered development.

A statement is expected to not reveal any changes to the extremel...

Another hypothesis on what stunned the medium-term loaning market

At the point when unrest emitted in the US medium-term loaning market in September, it came as major amazement. The spike in medium-term acquiring rates constrained the Federal Reserve to act the hero, siphoning in bunches of money and restarting security buys. This facilitated any frenzy and see...

Issuing of Digital Currency by National Bank Could Be a Trick

Passing by late features, it seems like national banks far and wide are intending to or during the time spent making their computerized monetary forms. The coins, by their problematic nature, will undoubtedly stand out from these banks. Also, with Facebook's arrangements to dispatch the Libra...