Kfund Raises $75 Million
The Spanish venture capital company Kfund reported that it managed to raise $75 million in investment funds.
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IFC and EPIC Group Partner to Support Sustainable Textile Manufacturing in Bangladesh and India
The International Finance Corporation (IFC) partnered with EPIC Group, a leading player in the global apparel industry and a sustainable fashion company, to help finance its green capital expenditure program and support sustainable textile facility expansion in Bangladesh and India.
Instacart Introduces YouTube Shoppable Ads for CPG Brands
Instacart is extending its first-party retail media data to YouTube, offering more shoppable ad opportunities for its consumer packaged goods (CPG) advertisers.
Stripe Plans to Let Employees Cash Out Shares
Stripe fintech company intends to provide its employees with the opportunity to cash out some of their shares.
India’s AI Aspirations Raise Multibillion Investments
Currently, India is striving to develop as a kind of technological center and is making concrete efforts in a practical dimension aimed at achieving the corresponding goal, which already has certain results in the form of investments from companies belonging to the Big Tech category from abroad.
NATO $1.1B Innovation Fund Makes First Investments Into AI, Robots and Space Tech
The first deep tech investments of the NATO Innovation Fund address challenges in defence, security and resilience, while helping advance innovation in novel materials and manufacturing, AI and robotics.
Aim Security Raises $18 Million
Aim Security, a company that assists enterprises in the safe implementation of artificial intelligence, announced that it managed to raise investment funds for $18 million.
US Sues Adobe for Hiding Fees
On Monday, June 17, the United States government sued Adobe, maker of Photoshop and Acrobat, accusing the company of harming consumers by hiding high fees for terminating subscriptions in the most popular tariff plan and making it difficult to cancel subscriptions.
China Seeks to Make Green Hydrogen One of Pillars of Economy
Last week, at the International Carbon Neutrality Expo in Shanghai, many scale models were presented that allowed experts to form a preliminary idea of how China intends to use hydrogen energy.
China’s Central Bank Leaves Key Rate Unchanged
The People’s Bank of China has decided to leave the key interest rate unchanged.
China’s Property Crisis Worsens
Last month, China’s economic system demonstrated what can be described as ambiguous performance indicators, as evidenced by a kind of statistical situation in which the volume of investment in the Asian country’s real estate sector continued to be on a downward trajectory, but at the same time a moderate increase in consumer spending was recorded, […]
Ethiopia Intends to Allow Foreign Lenders to Acquire Local Banks
Ethiopia’s Council of Ministers has approved a bill according to which foreign financial institutions are granted the right to acquire stakes in the banks of this African country.
Meta Suspendes AI Models Launch in Europe
Meta Platforms has postponed the launch of its artificial intelligence models in Europe.
Amazon to Invest $230 Million in AI Startups
Amazon has announced its intention to invest $230 million in the form of Amazon Web Service (AWS) credits in startups operating in the artificial intelligence industry.
Tempus AI Raises $410.7 Million
Tempus AI Inc., which specializes in the development of the technology platform that processes medical data using artificial intelligence, conducted an initial public offering (IPO) at the top of a marketed range to raise $410.7 million.
China’s Rate-Cut Calls Rise
In China, calls for cutting interest rates are now becoming louder and louder, which are addressed to the central bank of this Asian country.
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