The future of the EU
EU leaders: Looser regulation could lead to a new financial crisis
Europe's goal of simplifying and streamlining its financial regulations could lead to important safety functions being watered down. This is what two of the EU's most senior financial supervisors warn about, writes the Financial Times.
Dominique Laboureix, chairman of the Single Resolution Board that deals with troubled banks, says that deregulation must not come at the expense of being able to manage volatility in the economy.
- Don't forget the 2008 crisis. What did it mean? Lifelines everywhere.
Frank Elderson, vice president of the ECB, agrees. He wants the EU to remember why regulation was tightened.
Among other things, the EU wants to drastically cut the rules for companies that were introduced as recently as two years ago. In addition, the bloc is investigating capital rules for banks and insurance companies in order to breathe life into the faltering economy.
Swedish interest rates
The probability of an interest rate hike this year is increasing
The probability that the Riksbank will raise the key interest rate this year has risen to 40 percent, according to pricing in the fixed income market. This is noted by TT. The background is the high inflation and concerns about global inflation problems as a result of the US tariff war.
In the most recent interest rate announcement, the key interest rate was left unchanged at 2.25 percent and the Riksbank expects it to remain at the same level until at least the first quarter of 2028.
According to calculations, an interest rate increase of 0.25 percentage points would increase the interest cost for a mortgage of 3 million kronor by 7,500 kronor per year.
Tesla's future
Walz poodles after mocking Tesla's stock market fall
Tim Walz, Minnesota governor and Kamala Harris' running mate in the US presidential election, is now backing down from the slip he made against Tesla's sharp stock market fall. This is reported by The Hill.
Last week, Walz said at a rally in Wisconsin that he "cheers up" by watching Tesla's stock performance, a clip he shared on Tesla CEO Elon Musk's Platform X.
Walz now says he has to "be careful not to be a big shot" and that he was joking.
"These people have no sense of humor. They take everything literally," Walz said, according to The Hill.
Walz's statement has stirred up strong emotions, with investor Kevin O'Leary pointing out that Minnesota's pension system has invested money in 1.6 million Tesla shares.
The development of AI
Sources: Furiosa AI rejects Meta's $8 billion bid
Korean chipmaker Furiosa AI has rejected Meta's $800 million takeover offer, equivalent to over 8 billion kroner, Bloomberg reports, citing sources.
Meta has said it will invest around $65 billion, SEK 650 billion, in the development of AI. In addition to Furiosa AI, which is seen as a minor competitor to Nvidia, a handful of other similar companies have received attention from the Facebook owner.
Neither Furiosa AI nor Meta have commented on the information.
EU leaders: Looser regulation could lead to a new financial crisis
Europe's goal of simplifying and streamlining its financial regulations could lead to important safety functions being watered down. This is what two of the EU's most senior financial supervisors warn about, writes the Financial Times.
Dominique Laboureix, chairman of the Single Resolution Board that deals with troubled banks, says that deregulation must not come at the expense of being able to manage volatility in the economy.
- Don't forget the 2008 crisis. What did it mean? Lifelines everywhere.
Frank Elderson, vice president of the ECB, agrees. He wants the EU to remember why regulation was tightened.
Among other things, the EU wants to drastically cut the rules for companies that were introduced as recently as two years ago. In addition, the bloc is investigating capital rules for banks and insurance companies in order to breathe life into the faltering economy.
Swedish interest rates
The probability of an interest rate hike this year is increasing
The probability that the Riksbank will raise the key interest rate this year has risen to 40 percent, according to pricing in the fixed income market. This is noted by TT. The background is the high inflation and concerns about global inflation problems as a result of the US tariff war.
In the most recent interest rate announcement, the key interest rate was left unchanged at 2.25 percent and the Riksbank expects it to remain at the same level until at least the first quarter of 2028.
According to calculations, an interest rate increase of 0.25 percentage points would increase the interest cost for a mortgage of 3 million kronor by 7,500 kronor per year.
Tesla's future
Walz poodles after mocking Tesla's stock market fall
Tim Walz, Minnesota governor and Kamala Harris' running mate in the US presidential election, is now backing down from the slip he made against Tesla's sharp stock market fall. This is reported by The Hill.
Last week, Walz said at a rally in Wisconsin that he "cheers up" by watching Tesla's stock performance, a clip he shared on Tesla CEO Elon Musk's Platform X.
Walz now says he has to "be careful not to be a big shot" and that he was joking.
"These people have no sense of humor. They take everything literally," Walz said, according to The Hill.
Walz's statement has stirred up strong emotions, with investor Kevin O'Leary pointing out that Minnesota's pension system has invested money in 1.6 million Tesla shares.
The development of AI
Sources: Furiosa AI rejects Meta's $8 billion bid
Korean chipmaker Furiosa AI has rejected Meta's $800 million takeover offer, equivalent to over 8 billion kroner, Bloomberg reports, citing sources.
Meta has said it will invest around $65 billion, SEK 650 billion, in the development of AI. In addition to Furiosa AI, which is seen as a minor competitor to Nvidia, a handful of other similar companies have received attention from the Facebook owner.
Neither Furiosa AI nor Meta have commented on the information.
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