The decline in inflation comes as a relief to the Eurozone, which has been grappling with soaring prices, largely driven by an unprecedented combination of shocks.

In a recent statement that has rippled through financial markets, Federal Reserve Governor Christopher Waller has indicated that there is no immediate need to adjust interest rates, despite the latest inflation data not meeting expectations.

The sale, which took place on Feb. 7 and Feb. 8, is part of a plan that Bezos announced last week to sell up to 50 million shares of Amazon over the next year, with an estimated market value of $8.4 billion.

The software giant’s market capitalization rose to $2.89 trillion at the close of trading, edging out Apple’s $2.87 trillion valuation. The last time Microsoft was worth more than Apple was in November 2021, when both companies briefly crossed the $1 trillion mark.

Apple, the world’s most valuable company, is facing a potential ban on some of its popular smartwatches in the United States, after a trade tribunal ruled that they infringed on patents held by a medical device maker.

The summit, hosted by Prime Minister Rishi Sunak and Business Secretary Kemi Badenoch, aimed to attract greater global capital to UK companies and markets, as well as to highlight the country’s role as a science and tech superpower.

South Korean stocks soared on Monday after the government announced a full ban on short selling for about eight months, a move that aimed to curb illegal use of the trading strategy and protect retail investors.

The Bank of Japan (BoJ) is facing mounting challenges as it tries to maintain its ultra-loose monetary policy amid a weakening yen and rising global bond yields.

Toshiba Corp is poised to end its 74-year history as a listed company after a majority of its shareholders agreed to a $13.5 billion buyout offer.

France wants to end the era of ultra-cheap flights in Europe and has proposed a minimum price for airline tickets to reduce carbon emissions and support the rail sector.