Other news

On Tuesday, the Reserve Bank of Australia (RBA) will raise interest rates by half a percentage point. The rate hike will come as part of the most aggressive tightening cycle since the 1990s to curb inflation, according to a Reuters poll.

The Bank of England is buying bonds to stabilize financial markets. Subsequently, the pound sterling rose in volatile trading.

Alphabet Inc. owns Alphabet Google, which announced on Thursday that it will create its first cloud space in Greece.

On Thursday, ECB officials spoke out in favor of another major interest rate hike. It was caused by inflation in the euro zone's largest economy hitting double digits and exceeding expectations. This may signal that the inflation rate in the euro zone will reach a new record high.

Nike Inc said gross margins will be under pressure throughout the year. One of the largest manufacturers of sportswear and footwear warned its customers about this, referring to the expectation of a possible blow due to increased markdowns and a rapid strengthening of the dollar, joining its competitors in this.

A series of measures for the property market has recently been announced by the Government of Singapore. New measures were partially taken to respond to an increase of interest rates. In particular, tightening lending limits for housing loans is part of the response. There are also further steps of suppressing demand among the new measures adopted for the property market.

On Thursday, Google closed the streaming service Stadia.

On Thursday, a federal judge dismissed two antitrust lawsuits against Amazon.com Inc. and five major publishers accusing them of plotting to fix the price of e-books and traditional books in the US.

On Wednesday, the onshore yuan has fallen to its lowest level since 2008 (7.2521 yuan per US dollar). This event caused another verbal warning against currency speculations from the People’s Bank of China. The bank’s representatives highlighted that it has a considerable experience in coping with such currency turmoil.

India is planning to encourage localization of tablet and laptop production by attracting such companies as Apple Inc. and Dell Technologies Inc. The country is ready to compete with China to become a manufacturing hub.