Section
Finance
SNB Data: What it Means for Interest Rates
The SNB holds its policy rate at 0%. Weekly sight deposit data and monthly reserve figures offer context but do not by themselves prove currency intervention.
Alibaba Raises USD 10.2 Billion for AI Expansion
Chinese tech giant Alibaba placed shares worth USD 10.2 billion in Hong Kong. The capital will primarily flow into artificial intelligence expansion, strengthening its position in the global AI race.
Meta Faces Record $1.4 Trillion Fine Over Instagram
Facebook's parent company Meta faces a potential $1.4 trillion fine. This unprecedented amount relates to controversial Instagram practices. Experts compare the platform's effects to health-damaging substances, highlighting the gravity of the situation.
Nvidia Increases AI Chip Prices by Over 15 Percent
US chipmaker Nvidia will charge significantly more for its AI processors. The price hike of over 15 percent affects companies despite persistently high demand for the hardware.
Moderna Cancer Vaccine Shows Promising Results
A new cancer vaccine from Moderna shows promising results, according to Bloomberg. mRNA technology may fundamentally change cancer therapy. Swiss research institutions are actively involved in its development and clinical trials.
Tesla Recalls Nearly Three Million Cars in China
Tesla initiates a large-scale recall in China. Nearly three million vehicles are affected due to a technical safety issue. This marks the electric car manufacturer's largest recall to date in the country.