Lets start in the eu, where Three Tech Giants the social media platform x, Tiktok Owner Bytedance and the travel website booking. Com, are waiting to find out whether they could face an Antitrust Crackdown under the eus new digital antitrust rulebook. The Eu Commission has until the end of today to decide whether those three companies would qualify as so called gatekeepers under the new Digital Markets act. The aim of the act is to help competition in the Technology Sector and to try to break down the stronghold of Big Tech Companies. Well, someone who knows a lot about this, because she co negotiated the eu ai act in her previous role in the German Federal chancellery, is kirsten rulf who now is partner and associate director at boston consulting group. A warm welcome to bbc news. Good to see you again. Good to see you again. Greg manning good to see you again. Greg manning 50 good to see you again. Greg manning. So lets good to see you again. Greg manning. So letsjust good to see you
Bank will likely push the timing of Interest Rate cuts further down the line. Meanwhile, on tuesday, australias government will unveil its annual budget, and were expecting measures to ease cost of living pressures in the country. And on friday, well get more data from china which should give us clues on whether consumers are spending with the release of Monthly Retail sales numbers. Tim waterer, chief market analyst, kcm trade, gave us his analysis. The latest batch is front and centre for financial markets. We are hoping to see maybe it will take down, two, three, 5 . If we see it heading in the right direction, then it could give the markets and momentum, as well as other assets, such as well as other assets, such as gold, and it could take some steam out of those us treasury yields, which remain elevated. But on the flip side, we know Inflation Data can be uncooperative and if it starts to edge higher, we have seen cases of that in the past, it could upset some of the confidence in
Prices rise too quickly, Americas Central Bank will likely push the timing of Interest Rate cuts further down the line. Were also watching this week, on tuesday, australias government will unveil its annual budget, and were expecting measures to ease cost of living pressures in the country. And on friday, well get more data from china which should give us clues on if consumers are spending with the release of Monthly Retail sales numbers. Tim waterer, chief market analyst, kcm trade, gave us his analysis. The latest batch of us Inflation Data will be front and centerforfinancial and center for Financial Markets this and centerforFinancial Markets this week. The hope is it would take down to 3. 5 , if so, if we see the head in the right direction then that could give some Equity Markets a momentum, other assets such as gold could take some sting out of the us treasury yields which remain elevated. In the flip side, we note inflation can be uncooperative and if it edges higher, weve seen
CAIRO - 13 June 2024: Egyptian Minister of International Cooperation Dr. Rania Al-Mashat and US Ambassador to Egypt Hero Mustafa Garg signed agreements for 8 non-refundable development grants worth $130 million from the US Agency for International Development (USAID). The agreements come within the framework of the joint economic relations program between the two countries, in a way that
Egypt eyes regional NDB office in New Administrative Capital, looks forward to bank's plans contributing to reforming the global financial structure, says Madbouly