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ECB cuts rate for 3rd straight time as inflation nears 2%
Financial Express Kochi
|December 13, 2024
THE EUROPEAN CENTRAL Bank lowered interest rates for a third consecutive meeting, signaling more reductions next year as inflation nears 2% and the economy struggles.
The deposit rate was cut by a quarter-point to 3%—as predicted by all but one analyst in a Bloomberg survey. That brings total easing since June to 100 basis points.
Indicating its shifting stance, the ECB's statement dropped wording saying policy will remain "sufficiently restrictive" for as long as necessary.
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Financial Express Kochi
India enters Pax Silica; US says coalition bolstered
AS INDIA ON Friday joined the Pax Silica, a US-led strategic alliance focused on securing AI and tech supply chains, US Ambassador Sergio Gor said Secretary of State Marco Rubio will be visiting India “very soon, in a matter of months”.
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Financial Express Kochi
Peak XV raises $1.3 billion, first since Sequoia split
PEAK XV PARTNERS has raised $1.3 billion across three new funds, as the venture capital firm looks to invest in artificial intelligence and consumer startups across India and South East Asia.
1 min
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Financial Express Kochi
'Improved earnings to reflect in markets'
Indian stock markets have been volatile for a while now.
2 mins
February 21, 2026
Financial Express Kochi
Livspace shake-up: 1,000 fired, co-founder quits
HOME INTERIORS AND renovation startup Livspace has laid off nearly 1,000 employees— about 12% of its workforce— overthe past six months, as part of a sweeping restructuring exercise that includes the integration of artificial intelligence across its operations.
1 mins
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Financial Express Kochi
US leads AI brain race; India at sixth spot: Report
THE US HAS bagged the first rank followed by China and Singapore while India has been ranked at the sixth spot, according to Global AI Brain Race Report 2026.
1 min
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Financial Express Kochi
The question Altman won’t ask ChatGPT: How to be happy
• 'Close cooperation between govts and Al firms becoming more important'
1 min
February 21, 2026
Financial Express Kochi
NH toll plazas likely to go cashless from April 1
HIGHWAYS AUTHORITY NHAI is considering discontinuing cash payments at highway toll plazas from April 1, requiring commuters to use only digital modes such as FASTag or UPI for toll payments.
1 min
February 21, 2026
Financial Express Kochi
US GDP grows 1.4% in Q4
BELOW ESTIMATES The economy grew less than forecast in Q4
1 min
February 21, 2026
Financial Express Kochi
FTA promises fail to halt Big Pharma exits
FROM THE FRONT PAGE
3 mins
February 21, 2026
Financial Express Kochi
AI is like a tsunami hitting labour market: IMF chief
IMF MANAGING DIRECTOR Kristalina Georgieva said on Friday that AI could lift global growth by 0.8% and help India achieve the Viksit Bharat goal, but posed significant risks of displacement of jobs and financial instability.
1 min
February 21, 2026
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