Alibaba Vows Historic Investment in Taobao App
The e-commerce division of Alibaba Group Holding Ltd. intends to direct huge investments to the development of its Taobao trading application.
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Goldman Sachs Spinoff Louisa Expands Availability of Corporate Networking Platform
The availability of the social media platform for employees used by Goldman Sachs is expanding.
Apple Partner Foxconn to Invest $500 Million in India’s Telangana
Foxconn will direct investments of $500 million to establish enterprises in the southern Indian state of Telangana.
Salsa Raises $10 Million to Help Platforms Embed Payroll Features
Salsa announced the attraction of investment funds for $10 million.
OpenAI CEO Raises $100M for Iris-Scanning Crypto
Worldcoin will use iris-scanning technology for a worldwide identification system that would let people securely and simply access crypto services
Argentina Inflation Reaches All-Time High
The annual inflation rate in Argentina surged more than analysts expected, remaining at the highest level since 1991 and marking a perilous milestone for this Latin American economy Argentina’s state-run INDEC statistics agency said that the inflation rose 108.8% year-on-year in April 2023, the third month in a row since the inflation growth surpassed 100% for […]
Revolut to Begin Offering Loans in France
Revolut announced plans to expand activities in France over the next two years.
Cable Wants to Help Banks Cut Financial Crime Through Automated Assurance
Cable Company, which provides services for the verification and assessment of potential financial risks, announced the holding of a round of attracting Series A investment funds.
Amazon Workers Launch Battle to Unionize in Britain
Employees at Amazon at a large warehouse located in the UK reported about unionization.
In UK Ransomware Payments Nearly Double in One Year
In the UK, payments by companies to ransomware programs have almost doubled over the past year.
UK Extradites Autonomy Co-Founder Mike Lynch to US
British technology entrepreneur Mike Lynch has been extradited to the United States, where he will be charged with committing illegal acts.
SAP and Google Cloud Introduce Comprehensive Open Data Offering
SAP and Google Cloud have expanded the scope of the partnership and presented a comprehensive open data offer.
CFPB Warns Banks Against Creation of Fake Accounts for Fee Harvesting
Consumer Financial Protection Bureau (CFPB) The United States has issued a circular stating that banks unilaterally deciding to reopen a deposit account for processing transactions, previously closed by a customer violate the Consumer Financial Protection Act.
Revolut CFO Resigns Citing Personal Reasons
Revolut’s chief financial officer retired two years after starting work in the British fintech industry.
Web3 Initiative to Train AI in Chat-To-Earn Style
BlockGPT aims to create a ChatGPT-style artificial intelligence ecosystem on the blockchain, introducing “chat to earn” reward opportunities alongside the tokens
Musk Steps Down as Twitter CEO: Who Will Substitute Him?
After about half a year since Elon Musk bought Twitter and took the company private, the billionaire announced he will no longer be the media platform’s CEO, putting the company under female supervision
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