European banks turn to AI for cost cutting
European banks are increasingly deploying artificial intelligence (AI) tools to cut staff costs, with Italian…
China’s PBC auctions 150b yuan off reverse repos
People’s Bank of China (PBC) announced on Thursday a seven-day 150 billion-yuan reverse repo at an interest rate of…
China sanctions on US firms over Taiwan links
China's Foreign Ministry announced sanctions against three US military-linked companies and ten senior executives…
Egypt, Romania sign MoU to boost SME co-operation
Egypt's Micro, Small, and Medium Enterprises Development Agency (MSMEDA) has signed a memorandum of understanding…
German retail sales recover in August ’24
Retail sales in Germany rose by 1.6 per cent in real terms in August 2024 compared to July, according to…
Indonesia establishes 2 new special economic zones
Indonesia President Joko Widodo has officially launched two new Special Economic Zones (SEZs) located in Banten and…
EIB, Intesa Sanpaolo unlock €8b EU wind power investments
The European Investment Bank (EIB) and Italy's Intesa Sanpaolo launched on Thursday a new initiative to unlock up…
IFC lead $435m investment to modernise Ukraine’s telecom sector
The International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (EBRD), with…
Egypt, Romania sign key agreements to boost economic ties
Egypt and Romania signed six cooperation agreements during the fourth session of the Egyptian-Romanian Joint…
European shares down ahead of US inflation data
European shares experienced broad losses on Thursday as investors awaited US inflation data.