China’s Central Bank Leaves Key Rate Unchanged
The People’s Bank of China has decided to leave the key interest rate unchanged.
News - page 109
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.
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.
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