The European Central Bank (ECB) cut its key interest rate by 0.25% to 2.75% on Thursday as inflation approaches 2% and growth remains sluggish 📉. As expected, the ECB lowered rates on the deposit facility, main refinancing operations, and marginal…
SoftBank is reportedly in talks to invest between $15 billion and $25 billion in OpenAI, potentially becoming its largest investor, surpassing Microsoft. This would be in addition to SoftBank’s recent commitment to The Stargate Project, a joint venture aimed at…
Deutsche Bank posted disappointing Q4 2024 earnings, with net profit falling 92% to €106 million due to high litigation costs 💸. The bank faced a €329 million charge from a Polish mortgage scandal, which weighed heavily on profits. Despite an…