Country Garden Proposes Deal to Reduce Offshore Debt by $11.6 Billion
The Chinese property development company Country Garden has proposed to its offshore creditors the deal, which will reduce the debt of this firm by $11.6 billion.
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China Orders Miners to Report More of Their Overseas Reserves
Beijing has ordered Chinese investors in foreign mining projects to report on their proven and prospective reserves of crucial minerals.
Fed’s Susan Collins Supports Gradual Approach to Rate Cuts
Federal Reserve Bank of Boston President Susan Collins said on Thursday, January 9, that significant uncertainty about the outlook requires the United States financial regulator to take a cautious approach in the context of making decisions about cutting interest rates.
Nevermined Secures $4M Funding to Develop PayPal-Like AI-Commerce Platform
Nevermined received fresh funding to develop a payment system tailored for seamless transactions between AI agents, addressing the limitations of traditional payment infrastructure in the rapidly evolving AI-Commerce space.
Thailand to Pilot Crypto Payments for Phuket Tourists
Foreign tourists in Thailand might soon be able to use Bitcoin and other crypto to pay for goods and services in Phuket, one of the country’s most popular tourist destinations.
US Weekly Jobless Claims Fall
The number of Americans filing new applications for unemployment benefits dropped to an 11-month low last week.
Microsoft to Invest $3 Billion in India
Microsoft chief executive officer Satya Nadella announced last Tuesday, January 7, that the company would spend $3 billion to expand its Azure cloud and artificial intelligence capacity in India.
Fed’s Christopher Waller Supports Further Cuts
Federal Reserve Governor Christopher Waller said he believes inflation will continue to cool towards the United States central bank’s 2% target.
Micron to Expand Its Manufacturing Footprint in Singapore
Micron Technology Inc. intends to invest $7 billion to expand its manufacturing footprint in Singapore over the next few years.
Whatnot Raises Funds at $5 Billion Valuation
Whatnot Inc., a livestream shopping platform that competes with TikTok Shop, raised $265 million at a valuation of $4.97 billion.
Samsung Ramps Up Investments in AI
Samsung Electronics Co. is currently increasing its investment in artificial intelligence for consumer electronics.
Intel Says New Laptop Chips to Extend Computer Battery Life
Intel Corp., which is currently symbolically and practically fighting for its place in the sun in the global technology sector and in the notebook processor market particularly, where its position in terms of competitiveness has faced the prospect of a significant weakening in recent years amid increased competition, said that the new range of chips […]
Qualcomm’s New Chips to Bring AI to $600 Personal Computers
Qualcomm Technologies Inc. announced the Snapdragon X Platform, the fourth platform in its portfolio of Snapdragon X computing systems designed to deliver performance, multi-day battery life, and Copilot+PC experiences for even more users worldwide.
AWS to Invest $11 Billion in Georgia
Amazon Web Services (AWS), backed by local leaders, has announced plans to invest an estimated $11 million to expand its infrastructure in Georgia.
Anthropic Reportedly to Raise $2 Billion
The media published information that the startup Anthropic, which is currently one of the largest players in the global artificial intelligence industry, is close to concluding the deal to raise an additional $2 billion.
Donald Trump Announces $20 Billion Plan to Build New Data Centers
President-elect Donald Trump, who will return to the White House this month, announced that Hussain Sajwani, the Emirati billionaire businessman who founded the property development giant DAMAC Properties, will invest $20 billion in building data centers across the United States.
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