Category Archives:
AI comes for the DJ: London partygoers rave to robot beats
By Vin Shahrestani LONDON (Reuters) - In front of an empty DJ booth at an East London nightclub, partygoers danced to AI-generated beats in a unique experimental rave that sought to test whether an ap...
Mar 15, 2023
S&P says not seen rampant deposit outflows to merit rating action
(Reuters) - S&P has not placed other U.S. banks on CreditWatch negative since First Republic Bank as it has not seen widespread deposit outflows, the ratings agency said on Tuesday, hours after Moody'...
Mar 15, 2023
US to impose inflation fines on first set of drugs, lowering costs
By Ahmed Aboulenein WASHINGTON (Reuters) - The U.S. government will subject 27 drugs to inflation penalties, it announced on Wednesday, meaning people on Medicare will pay less out-of-pocket by $2 to ...
Mar 15, 2023
Iceland lifts countercyclical capital bank buffer to 2.5%
COPENHAGEN (Reuters) - The Icelandic Financial Stability Committee has decided to increase the country's countercyclical buffer rate to 2.5% from 2.0% when measured as a share of the domestic risk bas...
Mar 15, 2023
Germany’s IfW predicts 0.5% GDP growth in 2023 amid stubbornly high inflation
BERLIN (Reuters) - Germany's IfW economic institute said on Wednesday it did not expect a strong economic recovery in 2023 due to continued losses in consumer purchasing power as a result of stubbornl...
Mar 15, 2023
French inflation revised upwards in February to 7.3% – final figures
PARIS (Reuters) - French annual inflation rose to a revised 7.3% in February from 7.0% in January, partly as a result of higher food prices, according to final figures from the INSEE statistics body o...
Mar 15, 2023
Malaysia palm oil, rubber farmers file EU petition contesting deforestation law
KUALA LUMPUR (Reuters) - Malaysian palm oil and rubber smallholders on Wednesday filed a petition to the European Union to protest against a new law preventing imports into the bloc of commodities lin...
Mar 15, 2023
ECB likely to stick to big rate hike despite banking turmoil, source says
By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -European Central Bank policymakers are still leaning towards a half-percentage-point rate hike on Thursday, despite turmoil in the banking s...
Mar 15, 2023
Malaysia says its banks have limited exposure to Silicon Valley Bank crisis
KUALA LUMPUR (Reuters) - Malaysia's government on Wednesday said the country's banks have limited exposure to Silicon Valley Bank that collapsed last week in the United States, triggering fear of cont...
Mar 15, 2023
City Council approves $20.5 million in bonds for Civic Center upgrades
PEORIA, Ill. – The puck is now on the Peoria Civic Center's side of the ice. The Peoria City Council Tuesday night approved issuing $20.5 million in bonds to help finance projects the Civic Cent...
Mar 15, 2023
Peoria, IL, USA
45 °F Overcast
