🇬🇧 Analysts from a Financial Times survey predict that the Bank of England will lower interest rates by 0.25% at its meeting on May 8.
🤖 OpenAI has acquired the AI startup Exafunction for $3 billion. This strategic move is expected to enhance OpenAI's capabilities in artificial intelligence development. The acquisition reflects OpenAI's commitment to expanding its technological portfolio and staying at the forefront of AI innovation.
🌍 US oil inventories have reported a decrease, with the EIA indicating crude stocks fell by 2.032 million barrels. This decline was greater than the expected drop of 1.7 million barrels and follows a previous reduction of 2.696 million barrels. For more details, visit the EIA report.
🇨🇳🇷🇺 Chinese President Xi Jinping has arrived in Russia for an official visit. The trip is expected to strengthen ties between the two nations and discuss various collaborative initiatives. As both countries navigate complex international relations, this meeting highlights their strategic partnership on global issues. Further details of the agenda are anticipated as discussions unfold.
✨ The demand for U.S. government bonds from digital assets is projected to reach $2 trillion, according to Bessent. This surge highlights the growing interest in stablecoins and their impact on the macroeconomic landscape. For more details, visit here.
🚀 David Bailey, former cryptocurrency advisor to Trump, has raised $300 million to launch a public cryptocurrency trading company, according to The Information.
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💥 Tether has printed 1 billion USDT. This move is significant in the cryptocurrency market, potentially impacting liquidity and trading dynamics. Investors and analysts will be closely monitoring the implications of this large issuance. For more details, visit Tether's official website.
🌪️ Meteorologists predict that tornadoes and whirlwinds will become a regular occurrence in Moscow this summer. As climate conditions change, residents may need to prepare for increasingly severe weather events. Stay informed and take necessary precautions to ensure safety during these unpredictable times.
📈 Russia's GDP growth in the first quarter, according to the Ministry of Economic Development, reached 2.3% when adjusted for calendar effects.
🚨 Ahead
Russia's consumer inflation (CPI) data will be released today at 19:00 Moscow time.
Russia's consumer inflation (CPI) data will be released today at 19:00 Moscow time.
✨ eToro's IPO sees significant oversubnoscription, indicating strong investor interest. The trading platform, known for its cryptocurrency services, has attracted considerable attention ahead of its public offering. With the growing trend in digital asset trading, eToro aims to capitalize on the increasing demand. For more details, visit eToro.