Policy
Google, Meta Criticise U.K. and E.U. AI Regulations
Google and Meta have both openly criticised European regulation of artificial intelligence this week, suggesting it will quash the region’s innovation potential. Representatives from Facebook’s parent company along with...
Europe: Shares end higher as markets bet on more ECB policy easing
EUROPEAN shares closed higher on Monday as a soft business activity reading strengthened the case for more monetary policy easing by the European Central Bank this year, with rate-sensitive sectors such...
Bank of Korea to consider timing for rate cut while keeping policy tight
THE Bank of Korea (BOK) said it will consider the timing to reduce its benchmark interest rate while keeping its policy restrictive, suggesting its cautious approach remains ahead of...
Apple Must Pay Back €13 Billion in Unpaid Taxes to Ireland, E.U. Court Rules
Apple has been ordered to pay back €13 billion ($14.4 billion) worth of tax to Ireland by the European Court of Justice. Two of its subsidiaries illegally received tax...
UK, US, EU Sign First International AI Treaty
The UK has signed the world’s first international treaty on artificial intelligence — alongside the European Union, the United States, and seven other countries. The agreement commits signatories to...
PBOC holds policy rate steady after warning on bond rally
CHINA’S central bank left a key interest rate unchanged, keeping a lid on a bond frenzy as it stays patient in supporting the economy.The People’s Bank of China (PBOC)...
Singapore dollar trades around 10-year high on policy outlook
SINGAPORE’S dollar advanced to its strongest in almost a decade as traders weighed the difference between the local monetary authority’s relatively hawkish policy outlook compared with that of the...
EU Antitrust Leader Margrethe Vestager to Step Down
European Commissioner for Competition Margrethe Vestager will not be renominated for a third term, according to the Financial Times. Vestager’s decade-long career as Europe’s top antitrust regulator was marked...
