Egypt holds interest rates steady before fresh subsidy cuts

Cairo Egypt’s central bank left interest rates unchanged for a second meeting on Thursday as it faces a potential resurgence in inflationary pressures from a fresh wave of subsidy cuts. The Monetary Policy Committee kept the overnight deposit rate at 15.75 per cent and the lending rate at 16.75 per cent — a decision predicted […]

China President Xi Jinping seeks global cooperation on technology after Huawei blocked

Shanghai: Countries should cooperate in developing the internet, big data and artificial intelligence, China President Xi Jinping said in a letter to the China International Big Data Industry Expo that started Sunday in the southwestern city of Guiyang, Xinhua reports. China attaches great importance to the development of the big data industry and is willing […]