News - page 107

Science & Technology

China’s Tech Boom Powers AI Career Coup

In China, the local artificial intelligence industry, which is currently on a trajectory of active growth, became the leader of the salary rating in the Asian country in the second quarter of 2024, shifting the financial sector from the position of leader.

Finance & Economics

People’s Bank of China Takes More Control Over Rates

The People’s Bank of China has tightened its control over interest rates, deciding to introduce a new mechanism to influence the cost of short-term borrowing.

Fintech & Ecommerce

Ethos & Thought Machine to Launch a Shariah-Compliant Digital Financial Service

Thought Machine’s next-generation core banking platform, Vault Core, will power Ethos real-time Shariah-compliant financial solutions available on mobile devices.

Fintech & Ecommerce

Synerise Raises $8.5M to Expand Behavioral AI Modeling

Solid Series B+ investment for Synerise deep-tech AI-driven company came from the commerce platform VTEX and business angels.

Finance & Economics

Sweden’s Economy Demonstrates Slow Growth

Currently, the Swedish economic system is on an upward trajectory, but the pace of the corresponding positive process is minimal and in a negative sense does not meet the preliminary expectations of experts regarding the speed of this dynamic.

Finance & Economics

US Job Growth Demonsrates Slowdown

In June, a slowdown in the dynamic of job growth was recorded in the United States, which was a completely expected result.

Science & Technology

Samsung Shares Top Over 3-Year High

The value of shares of South Korea-based Samsung Electronics reached its highest level since January 2021.

Science & Technology

Canada to Invest Millions to Build Chip Network

Canada intends to invest in building a national chip manufacturing network over the next few years.

Finance & Economics

South Korea Current Account Tops 32-Month High

South Korea’s current account has reached its biggest surplus in more than two years.

Science & Technology

Goldman and Citi Predict More Gains for SK Hynix

The value of shares of South Korean company SK Hynix Inc., which is the main supplier to US Nvidia Corp., has shown growth of more than 90% over the past year, but according to Wall Street analysts, this impressive result is not the limit to the upward trajectory of the Asian firm, due to which […]

Finance & Economics

China’s Demographic Situation Causes Economic Headwinds

China’s economic system, which is the second largest in the world, is currently in some sense struggling to recover amid a prolonged downturn in the local real estate sector and after a difficult period of the coronavirus pandemic, but this is not the whole list of problems on the path to the positive dynamic of […]

Science & Technology

SoftBank Stock Hits Record High

The value of shares of the Japanese SoftBank Group reached an all-time high on Thursday, July 4.

Science & Technology

Foxconn to Invest $551 Million in Vietnam

Foxconn, Apple’s Taiwan-based supplier, plans to invest about $551 million in two new projects in Vietnam’s northern coastal province of Quang Ninh.

Science & Technology

Apple Reportedly Gets Observer Seat on OpenAI Board

The media reported that Apple will take an observer position on the board of directors of OpenAI.

Science & Technology

China Leads Generative AI Patents Race

China has significantly outperformed other countries in the area of inventions using artificial intelligence, including such as chatbots.

Finance & Economics

Calastone Says UK Investors Buy $14.5 Billion of Stocks This Year

Data from the Calastone fund network shows that in the United Kingdom, investors added a record 11.4 billion pounds ($14.5 billion) to private equity funds in the first six months of the current year.