Ubisoft has announced its highly-anticipated upcoming game Assassin’s Creed Shadows has been delayed until next year. Instead of releasing it on 12 November as previously planned, it has been pushed back to 14 February 2025. It follows the disappointing performance of another of the firm’s major titles, Star Wars Outlaws, and concerns from some about how Ubisoft is being run. …
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Is Elon Musk’s internet firm Starlink a game changer for Africa?
Elon Musk’s satellite internet company Starlink claims it can bring superfast broadband to ‘almost anywhere on Earth’. It is the largest satellite internet provider around the world, and has already launched in several African countries. But will it be the solution to Africa’s patchy broadband access? Reporter: Debula Kemoli Edited by: Ali Abbas Ahmadi
Read More »Czech central bank cuts rates with more reductions expected
The move is in line with dovish signals from other central banks, notably rate cuts from the Fed and the ECB. ADVERTISEMENT The Czech Republic’s central bank has cut its key interest rate for the seventh time in a row, in a response to slowing inflation. The cut, which had been predicted by analysts, brought the interest rate down by …
Read More »OECD: Belgium needs to cut public spending to reduce debt and deficit
The debt keeps swelling and if no action is taken, the OECD warns, it could reach 200% of the GDP by 2050. ADVERTISEMENT Belgium has proved relatively resistant to economic shocks and is facing a 1.4% GDP growth in 2025, however, it urgently needs to lower its debt, according to the Organisation for Economic Co-operation and Development (OECD). The country …
Read More »Commerzbank takeover: Germany questions UniCredit’s ‘hostile’ strategy
UniCredit’s bid to raise its stake in Commerzbank to 29.9% faces German resistance. The European Commission sees potential benefits in consolidation, while analysts predict significant financial synergies. ADVERTISEMENT The potential merger between Italy’s UniCredit and Germany’s Commerzbank is fuelling debates across Europe, raising questions about its economic and political implications. While UniCredit’s CEO, Andrea Orcel, aims to boost profitability and …
Read More »James McAvoy and Tom Brady fall for ‘Goodbye Meta AI’ hoax
More than 600,000 people, including many celebrities, have fallen for a hoax claiming to deny Facebook and Instagram owner Meta the right to use their images for training artificial intelligence (AI). Film stars James McAvoy and Ashley Tisdale, as well as former NFL player Tom Brady, are among those who re-shared the fake “Goodbye Meta AI” message on Instagram stories. …
Read More »Sweden’s Riksbank cuts interest rates and signals further easing ahead
Borrowing costs in Sweden are being lowered faster than previously predicted as inflation falls below target. ADVERTISEMENT Sweden’s central bank cut its key interest rate a quarter-point to 3.25% on Wednesday as inflation now sits below the official target. “Inflationary pressures have fallen over the year and are now assessed to be compatible with an inflation rate of around 2 …
Read More »Takeover target Commerzbank gets new CEO as UniCredit circles
Bettina Orlopp is to replace Manfred Knof ‘in the near future’. The news comes days after Italian bank UniCredit revealed it had increased its stake in Commerzbank from around 9% to 21%, subject to regulatory approval. ADVERTISEMENT Amid ongoing controversy over a possible takeover of German lender Commerzbank, the bank has announced chief financial officer Bettina Orlopp as its new …
Read More »The cheapest and most expensive countries in Europe to charge your EV
Euronews Business takes a metaphorical ride across Europe to identify the countries with the cheapest and most expensive public electric vehicle charging rates. ADVERTISEMENT Data from the European Alternative Fuels Observatory (EAFO) reveals that Iceland and Portugal are among the cheapest places in Europe to charge an EV when away from home, while Norway and Slovenia are the costliest. France …
Read More »Bitcoin soars to a one-month high amid central banks’ easing policies
Bitcoin prices reached a one-month high after central banks’ rate cuts in September, with analysts expecting the upward trend to persist. ADVERTISEMENT Bitcoin prices have surged to their highest level since 26 August, propelled by an acceleration in the global central banks’ easing cycle. The largest cryptocurrency has soared 21% since the second week of September, with its price climbing …
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