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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Shanghai Yangpu District Seeks to Expand Its Growing Digital Ecosystem
Shanghai’s northeastern Yangpu district, which has already become a kind of hub for many large technology companies, is seeking to gain smaller-scale firms.
Apple Edges Past Microsoft in Value
Last Thursday, June 13, Apple became the most valuable public company in the United States, displacing Microsoft from the corresponding position.
Broadcom Shares Rise
On Thursday, June 13, the value of Broadcom shares showed an increase of approximately 12% after the company published information on the economic results of its activities for the second fiscal quarter.
Blockchain Company Squad Labs Raises $10 Million
The blockchain company Squad Labs has raised new funding for $10 million.
Radar CEO Says Geolocation to Drive Future of Digital-Physical Commerce
Radar CEO and co-founder Nick Patrick, during a conversation with media representatives, said that currently there is a kind of transformation in the orientation of geolocation and geofencing, which are gradually shifting the focus from advertising to the product.
MetaMask Adds Pooled Staking
MetaMask, the most popular wallet for Ethereum, will provide its users with a pooled staking feature.
Ant Group Spends $2.9 Billion on Research
Last year, Ant Group Co. spent a record 21.2 billion yuan ($2.9 billion) on research.
Saudi Fintech Rasan Jumps by 30%
Saudi fintech company Rasan Information Technology Co. has moved forward in its debut in Riyadh, managing to raise 841 million riyals ($224 million) amid the hype associated with the listing, as a result of which several companies have started trading in the kingdom over the past month.
Worldpay Says About Growth of Demand for Digital Wallets in China and India
Based in the United Kingdom, Worldpay, a company specializing in the implementation of payment transaction processing activities, has published a report according to which there is currently an increase in the use of digital wallets at the global level.
Fed Keeps Interest Rates at 23-Year High
The Federal Reserve on Wednesday, June 12, announced that its benchmark lending rates remain at the current level.
Linq Raises $6.6 Million to Bring AI to Financial Analysts
Startup Linq raised $6.6 million in investment funds.
Black Semiconductor Raises $273 Million
The company Black Semiconductor, which is based in Germany and develops graphene-based technology for connecting chips, was able to raise investment funds for 254.4 million euros (about $273 million).
US Reportedly Considers Further Restrictions on China’s Access to Chip Technology
The media reported that the administration of the President of the United States Joe Biden is currently considering the possibility of introducing additional restrictive measures regarding the possibility of China’s access to chip technologies.
Apple Shares Hit Record High
The value of Apple securities on Tuesday, June 11, increased by 5%, reaching a new record high of $203 per share.
UK Unemployment Hits 2.5-Year High
In the United Kingdom, unemployment unexpectedly rose, reaching its highest level in more than two and a half years.
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