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US Federal Reserve likely to lift interest rates to 22-year high
US Federal Reserve likely to lift interest rates to 22-year high
Business and Economy
by  AFP

The US Federal Reserve is poised to announce a fresh quarter percentage-point hike to its benchmark lending rate on Wednesday to tackle inflation, while keeping the option open for more such moves in the coming months. Futures traders see a probability of close to 99 percent that the Fed will proceed with a quarter percentage-point hike, according to data from CME Group.

As West fears Tunisia collapse, hopes of IMF bailout fade
As West fears Tunisia collapse, hopes of IMF bailout fade
Business and Economy
by  AFP

Western nations fear an economic collapse in Tunisia could trigger even greater migrant flows to Europe and have offered financial assistance. That followed European Union foreign policy chief Josep Borrell's concern that a collapse "economically or socially" in Tunisia would trigger a new flow of migrants to Europe -- an assessment rejected by Tunis.

Microsoft, Google beat earnings expectations amid AI frenzy
Microsoft, Google beat earnings expectations amid AI frenzy
Business and Economy
by  AFP

Tech titans Google and Microsoft announced better then expected earnings on Tuesday as the frenzy over artificial intelligence stokes investor excitement and breathes a new life into the sector. Google has played a close second to the partnership between Microsoft and OpenAI in rolling out its AI products following the release of ChatGPT that ignited a tech frenzy.