Huawei's chief strategist for the Middle East said that the current telecommunications infrastructure is not enough to cope with the needs of the metaverse, because the network has problems in terms of throughput, rendering and download speed, which need to be resolved.
The Fed raised interest rates by 50 basis points, predicting that economic growth will almost stagnate, and the encryption market will become more unpredictable
Fed Chairman Jerome Powell said he thinks the central bank will be able to scale back rate hikes as soon as next month. But he cautioned that the rate-hike strategy may remain in place until there are real signs of progress in inflation.