US Holiday Retail Sales Grow 3.1%
Mastercard SpendingPulse estimated that this year’s holiday in-store and online retail sales grew 3.1% year over year.
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Morgan Stanley Expects Record Japan Revenue
Morgan Stanley expects that shortly its income generated as a result of operating in Japan will be fixed at the level that is the highest in the history of its presence in this country.
French Prosecutor’s Office Investigates BNP Paribas
In France, the prosecutor’s office is currently investigating alleged aggravated money laundering related to financial transfers made by a Cypriot brokerage company that interacted with the custodial unit BNP Paribas.
Swiss Finance Minister Says About Need for New Rules After Credit Suisse Crisis
Swiss Finance Minister Karin Keller-Sutter said that the purchase of Credit Suisse by the UBS Group was a less risky step, noting the need for the government of this country to take measures capable of providing a high level of protection to taxpayers in the event of a crisis in the banking sector.
US Home Prices Hit Another Record High
In October, housing costs continued to rise in the United States.
Intel to Invest $25 Billion in Israel
Intel has confirmed its intention to invest $25 billion in Israel.
Samsung Reportedly Delays Production at New US Factory
Media reports that South Korean company Samsung Electronics Co. has postponed plans to launch mass production at its new chip manufacturing plant in Taylor, Texas.
Singapore November Core Inflation Demonstrates Subdued Demand
In Singapore, core inflation showed a dynamic of the decline in November.
China Stimulates Asia-Pacific Demand for Sustainable Finance
Analysts and fund managers predict that next year, investing in companies and industrial sectors to create a kind of economic base for their transition to a low-carbon future will become the dominant trend in China and the Asia-Pacific region, as demand for sustainable financial products continues to remain high here, despite the current interest rate […]
Four Chinese AI Models Pass Official Assessment
In China, the first group of four large generative artificial intelligence models has passed an official assessment of compliance with standards.
Alibaba Promotes Millennials to E-Commerce Leadership Roles
Alibaba Group Holding is pushing millennials, who are representatives of the generation born in the early 1980s – mid-1990s, to take leading roles in the Chinese online market, since currently this e-commerce giant, based in Huangzhou, is going through a kind of transformation period to resist the pressure of competitors such as PDD Holdings.
UK Ethnic Minority Businesses Are Twice More Ambitious Than SMEs Overall
Recent UK research showed that almost 6 in 10 ethnic minority-owned businesses (EMBs) have ambitions to both grow and take risks, significantly higher than the overall percentage of SMEs nationwide (27%).
Spot Bitcoin ETF Updates Deadline Set on Dec. 29
The SEC has announced a Dec. 29 update deadline for potential spot Bitcoin ETF providers that wish to receive their approvals in early January.
India Tests AI for Severe Weather Forecast
India’s governmental department believes that AI climate models can help improve forecasting, especially important for severe weather conditions like floods and droughts.
OpenAI Reportedly Plans to Raise New Funding
Media outlets, citing insiders, report that OpenAI is currently discussing the possible holding of a new round of fundraising for at least $100 billion.
China Softens Stance on Gaming
China approved 105 domestic games on Monday, December 25th.
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