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ECB points to rising inflation expectations in decision to pause rate cuts

ECB points to rising inflation expectations in decision to pause rate cuts

The European Central Bank (ECB) is pausing on rate cuts, and it’s blaming rising inflation expectations. The central bank made that call after new survey data on Friday showed that people across the e...

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1 min
Baidu’s Apollo Go robotaxi service is now profitable in some Chinese cities

Baidu’s Apollo Go robotaxi service is now profitable in some Chinese cities

Baidu Inc. is gearing up to take its driverless taxi service global after turning a profit with its Apollo Go robotaxis in several Chinese cities. Executives say Australia is high on the list of poten...

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1 min
European banks collaborate to launch a euro-based stablecoin

European banks collaborate to launch a euro-based stablecoin

No less than nine leading European banks have teamed up to issue a euro-pegged stablecoin in a space dominated by U.S. dollar-pegged digital currencies. Participants say their project aims to provide ...

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1 min