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ECB Promises Digital Euro Will Protect Banks and Local Payments

Key Points: The ECB designed the digital euro to keep banks central. New currency aims to compete with non-European tech giants. Fee caps will undercut expensive international card networks. Pricing structure protects local schemes like Bancomat and Bizum. A senior official from the European Central Bank (ECB) assured bankers on Wednesday that the upcoming digital euro will not put them out of business. Instead, the...

Meta Signs Massive Chip Deal with Nvidia to Power AI Future

Key Points: Meta will use millions of Nvidia chips to power its AI data centers. The deal includes the first large-scale use of Nvidia's standalone Grace CPUs. Meta plans to deploy next-generation Vera Rubin systems starting in 2027. Nvidia and Meta stocks rose, while competitor AMD's stock dropped 4%. Meta and Nvidia announced a massive expansion of their partnership on Tuesday, solidifying a deal that...

US Supreme Court Adopts New Software to Spot Conflicts of Interest

Key Points: The U.S. Supreme Court is deploying new software to detect conflicts of interest. The system compares case details against justices' personal information. Justices still retain the final power to decide on recusals. Advocacy groups call the move a positive step for transparency. The U.S. Supreme Court announced on Tuesday that it is implementing a new computer system to help justices avoid ethical pitfalls....