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ECB set to hold rates but debate swirls over future
ECB set to hold rates but debate swirls over future
Economy
by  AFP

The European Central Bank is expected to hold interest rates steady Thursday for its fourth meeting in a row as inflation remains in check, although debate is heating up about the path forward. Following a year-long series of cuts, the central bank for the 20 countries that use the euro has kept its key deposit rate on hold at two percent since July.

Asian markets track Wall St lower as AI fears mount
Asian markets track Wall St lower as AI fears mount
Economy
by  AFP

Asian markets sank Thursday after another sell-off on Wall Street as worries over the tech sector's colossal spending on artificial intelligence continued to dog investor sentiment. Asian markets tracked the US losses, led by tech firms including Japan's Renesas and investment giant SoftBank.

EU holds crunch summit on Russian asset plan for Ukraine
EU holds crunch summit on Russian asset plan for Ukraine
Economy
by  AFP

EU leaders gather in Brussels Thursday for a make-or-break summit on using frozen Russian assets for Ukraine -- with key player Belgium under pressure to drop its opposition. Ukraine has said Washington was "pressuring" the EU not to use the assets as they view them as a vital bargaining chip in winning over Russia.