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Finance

ECB raises deposit rate to 2.5 percent as oil tops $100 a barrel

The European Central Bank raised its benchmark deposit rate to 2.5 percent, citing a surge in energy prices tied to Middle East conflict and concern inflation will stay high for longer. The ECB also lifted its main refinancing rate to 2.65 percent and the marginal lending facility to 2.90 percent from Sept. 16. It nudged up its 2026 euro zone growth forecast and warned of second-round effects from energy to broader prices.

AI & Enterprise

AI spread drives surge in public service submissions in U.S. and UK

Public service applications and submissions are surging in several countries as generative AI makes it easier to draft documents and file complaints, a phenomenon a researcher calls “Agentic Flooding”. In Britain, Housing Ombudsman complaints rose from 2,600 in 2022 to more than 7,000 last year after the adoption of ChatGPT, while complaints to the U.S. Consumer Financial Protection Bureau increased fivefold. Similar rises appeared in Brazil and Germany.

Crypto

Satoshi identity, lost 8,000 bitcoin: 10 of crypto market\'s biggest mysteries

A number of long-running mysteries remain in the cryptocurrency market even though transaction records are preserved on blockchains. They range from the true identity of bitcoin creator Satoshi Nakamoto and the so-called Patoshi, to missing bitcoin after exchange collapses and hacks. Other cases include the disappearance of OneCoin founder Ruja Ignatova, a British man who discarded a hard drive holding keys to 8,000 bitcoin, and unresolved asset outflows following FTX\'s bankruptcy.