Germany’s Economy Contracts: A Deeper Look at the Challenges
Germany’s Economy Contracts by 0.2% in the final quarter of 2024, following a modest 0.1% expansion in Q3. This contraction was sharper than analysts’ expectations of a 0.1% decline, according to preliminary estimates. The primary driver of this downturn was...
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Federal Reserve Holds Interest Rates Steady in January 2025
The Federal Reserve decided to keep the federal funds rate unchanged at the 4.25%-4.5% range during its January 2025 meeting, aligning with market expectations. This move marks a pause in the Fed’s rate-cutting cycle after three consecutive reductions in 2024...
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Germany’s Consumer Confidence Drops Further in February 2025
Germany’s Consumer Confidence Climate Indicator fell to -22.4 for February 2025, down from a revised -21.3 in the previous period. This decline was sharper than expected, as market forecasts had predicted a milder drop to -20. The data highlights ongoing...
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Microsoft and OpenAI Probe DeepSeek for Unauthorized AI Data Access
Microsoft and OpenAI are currently investigating the possibility that data from OpenAI’s advanced AI models may have been accessed illegally by a Chinese AI startup, DeepSeek. This investigation comes amid the growing competition between the United States and China in...
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Australia’s Inflation Rate Falls to 2.4% in Q4 2024
Australia’s inflation rate dropped to 2.4% in Q4 2024, down from 2.8% in Q3, marking the lowest level since Q1 2021. This decline was slightly better than market expectations of 2.5%. The primary driver behind this slowdown was a significant...
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