Australia raises rates for first time since late 2023 as inflation hits six-quarter high

Australia raises rates for first time since late 2023 as inflation hits six-quarter high

Michele Bullock, governor of the Reserve Bank of Australia (RBA), speaks during a news conference at the bank’s head office in Sydney, Australia, on Tuesday, Apr. 1, 2025. Bloomberg | Bloomberg | Getty Images Australia’s central bank raised its policy rate by 25 basis points to 3.85% on Tuesday, marking the Reserve Bank of Australia’s…

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SoftBank subsidiary to work with Intel on next-gen memory for AI

SoftBank subsidiary to work with Intel on next-gen memory for AI

Saimemory, a subsidiary of multinational investment giant SoftBank, has signed a collaboration agreement with American chipmaker Intel Corp. to advance the commercialization of next-generation memory technology, the companies announced Tuesday. The partnership focuses on next-generation memory technologies that can support the growing demands of artificial intelligence and high-performance computing. The effort is currently known as…

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Gold and silver rebound after historic wipeout as analysts say thematic drivers stay intact

Gold and silver rebound after historic wipeout as analysts say thematic drivers stay intact

One kilogram and a five hundred gram gold bars next to one kilogram silver bars at The Vaults Group gold dealers arranged in Barcelona, Spain, on Monday, April 28, 2025. Bloomberg | Bloomberg | Getty Images Gold and silver prices rebounded on Tuesday after suffering a historic sell-off, with analysts suggesting that the recent corrections…

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