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GBP/USD Holds Steady Amid Geopolitical Tensions and Bank of England Policy Uncertainty
The British pound (GBP) remained broadly stable against the U.S. dollar (USD) on Monday, reflecting heightened caution among investors ahead of the Bank of England’s (BoE) upcoming policy meeting. The market’s subdued tone comes against a backdrop of geopolitical instability, as tensions between Israel and Iran persist, prompting safe-haven flows into the greenback.
Italy’s AGCM Launches Antitrust Probe Into DeepSeek AI Over Misinformation Risks
Italy’s Antitrust and Consumer Protection Authority (AGCM) announced on Monday the opening of an official investigation into DeepSeek, a Chinese artificial intelligence startup, citing concerns over the dissemination of potentially false or misleading content generated by its AI systems. The probe focuses on consumer protection violations, particularly the company’s failure to explicitly warn users about the risk of so-called AI hallucinations—a term used to describe fabricated or inaccurate outputs produced by large language models.
App Store Payment Policies Deemed Abusive Under EU Competition Law
On Monday, the Rotterdam District Court reaffirmed a pivotal decision from the Dutch Authority for Consumers and Markets (ACM), which concluded in 2021 that Apple Inc. $AAPL had abused its dominant market position by enforcing restrictive and anti-competitive conditions on dating app developers using its App Store payment system.
Exciting times ahead for Jefferies as they navigate the leveraged capital markets—this deal could signal a shift in the specialty chemicals landscape!
Exciting to see Jefferies stepping up in the high-yield market—this could signal a shift in investor confidence!