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Crypto Breaking News

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Bloomberg

Former ECB's Trichet: the Enemies are Inflation Secondary Effects

The former ECB President Jean-Claude Trichet talks about the impact on Europe from the geopolitical tensions, a day before the ECB decision. He argues that recession is an option given the level of uncertainty, and the secondary effects of inflation are the real enemies of the ECB.

Read more: Former ECB's Trichet: the Enemies are Inflation Secondary Effects
Bloomberg

AI Presents 'Unique Risks' Warns Former IRS Chief

Daniel Werfel, former Commissioner of the US Internal Revenue Service, joined Caroline Hepker and Lizzy Burden on Bloomberg Radio as the UK's tax authority undertakes a major digital overhaul. HMRC is aiming to move most customer interactions online by 2030, while updating legacy systems and exploring the use of AI. Werfel, now with Public Digital, which is advising HMRC, discussed the challenges of delivering large-scale government transformation, as well as concerns around AI, data protection and the security of sensitive public sector systems.

Read more: AI Presents 'Unique Risks' Warns Former IRS Chief
Bloomberg

Federal Reserve Expected to Hold Rates

Federal Reserve officials are expected to leave interest rates unchanged on Wednesday, holding the benchmark rate in a range of 3.5% to 3.75% for a third consecutive meeting. Investors will be looking for clues about how long the Fed is willing to maintain its patient posture, as well as what Chair Jerome Powell says about his future at the central bank. Bloomberg's Jill Disis reports.

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Bloomberg

Airbus Suffers Earnings Drop in First Quarter

Airbus's adjusted earnings before interest and tax and revenue both fell short of analyst estimates in the first quarter, dragged down by a steep earnings drop at the main aircraft making subsidiary. The company said it's confident it can achieve its full-year aircraft delivery and earnings targets. Bloomberg's Benedikt Kammel reports.

Read more: Airbus Suffers Earnings Drop in First Quarter