The European Union has officially launched the world’s first comprehensive AI regulations, targeting high-risk systems like facial recognition. Companies face strict transparency requirements, with fines reaching millions for non-compliance. This landmark law sets a global precedent for ethical technology governance.
In a major policy shift, the central bank slashed interest rates by 1.5%, aiming to combat a slowing economy. This surprise move is expected to lower borrowing costs for businesses and homeowners, potentially boosting spending and curbing recession fears.
India’s forex reserves hit a fresh all-time high of $704.89 billion, fueled by robust capital inflows and RBI’s strategic interventions. This milestone strengthens the rupee and signals strong economic stability, boosting investor confidence ahead of key global financial decisions.
