Euro zone economy ekes out 0.1% growth in first quarter, misses expectations as Germany stagnates
Euro zone GDP rose slightly in the first three months of the year, but its biggest economy stagnated.
Sony posts record annual profit boosted by chips and all-time high PlayStation 5 sales
Sony said it sold 19.1 million PlayStation 5 units in its fiscal year, beating its own forecast of 18 million units.
China’s top leaders say the economy doesn’t have enough ‘internal’ drive
China’s top leaders said at a regular meeting Friday that domestic demand is still insufficient, according to state media.
China’s A.I. chatbots haven’t yet reached the public like ChatGPT did
More than two months since the ChatGPT craze hit China, a similar artificial intelligence-based product has yet to reach the country’s population at large.
IMF warns of ‘disorderly’ house price corrections in Europe as interest rates move higher
The IMF said that the European Central Bank needs to be increasing rates until mid-2024 to fight inflation.
Wall Street predicted a big surge for oil this year. But prices are now lower
Macroeconomic concerns have once more deflated oil prices near $80 barrels per day, despite a further voluntary cut coordinated by some OPEC+ members.
Microsoft is betting its future on cloud gaming — but that’s what tripped up the Activision deal
U.K. regulators fears that Microsoft could in future withhold its blockbuster Call of Duty, Warcraft and Diablo titles from other cloud gaming platforms.
Obesity drug industry could be worth $200 billion within the decade, says Barclays, as market valuations grow
The burgeoning weight-loss drug industry could be worth as much as $200 billion within the next decade, according to Barclays bank.
Swiss central bank promises regulation review after collapse of Credit Suisse
The central bank played a key role in brokering the rescue of Credit Suisse over the course of a chaotic weekend in March.
Bank of Japan sticks to negative rates while announcing policy review
Governor Kazuo Ueda of the Bank of Japan chaired his first monetary policy meeting this week.
