Mastercard Presents P2P Pilot for Crypto Credential Tool
Mastercard has presented a milestone update for its cryptographic credential tool.
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JPMorgan CEO Forecasts Problems in Private Credit Market
JPMorgan Chase & Co. chief executive officer Jamie Dimon said he expected problems with the private credit market.
Wells Fargo CEO Says About Significant Investment-Bank Opportunity
Wells Fargo & Co. Chief Executive Officer Charlie Scharf said that his financial institution in a very target way expanding its corporate segment of investment banking services.
ECB Reportedly to Impose Fines on Banks for Climate Failures
The media reports that the European Central Bank intends to take an unprecedented and largely sensational decision in the form of fines against several financial institutions that have been demonstrating their inability to combat the effects of climate change for a long period.
IMF Lifts China Growth Forecast
The International Monetary Fund (IMF) expects China’s economic system to show growth of 5% in the current year.
Companies See Sustainability as Value Creation Opportunity: Report
A new Morgan Stanley report revealed that 85% of corporate decision-makers believe sustainability is either primarily (53%) or partly (32%) a value creation opportunity.
Apple to Open First Store in Malaysia
Apple plans to open its first store in Malaysia next month.
Meta Removes AI-Generated Influence Campaigns
Meta Platforms removed hundreds of accounts on its Facebook social media platform, which were used by several countries to launch and subsequently distribute information campaigns.
AI Companies Agree to Kill Switch Policy
At the artificial intelligence summit held last week in Seoul, companies operating in the AI industry reached an agreement on the application of the so-called kill switch policy, which provides for stopping the process of developing configurations of the advanced technology if certain risk thresholds are exceeded.
PayPal USD Now Available on Solana
PayPal’s stablecoin, PayPal USD (PYUSD), is now faster and cheaper to use as it debuts on the Solana blockchain.
BharatX to Enter Healthcare Finance Segment With Zenifi Acquisition
BNPL fintech startup BharatX, backed by Y-Combinator, is ready to expand its services in the healthcare segment with the new acquisition of Zenifi.
Mistral AI Takes Aim at US Market
Mistral AI, a French startup launched last year that positions itself as a competitor to OpenAI, specializes in developing artificial intelligence tools adapted for use by European consumers, but already has plans to wide operations in the United States market.
Rows Raises $8.7 Million
Rows reported that it managed to raise 8 million euros (about $8.7 million).
OpenAI Creates Oversight Team
OpenAI on Tuesday, May 28, announced the creation of a safety and security committee in the structure of this company.
Researchers Say About Advantage of Hong Kong’s Offshore Position for China
Leading Chinese researchers advise Beijing to step up its efforts to raise large amounts of foreign investment by focusing on its role in the Asian supply chain and using Hong Kong’s offshore position for appropriate purposes.
Apple’s iPhone Sales in China Demonstrate Growth
In China, a significant increase in sales of Apple’s iPhone smartphones was recorded in April.
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