SMIC’s Profit Exceeds Estimates
The quarterly profit of Semiconductor Manufacturing International Corp. (SMIC) exceeded preliminary expectations.
News - page 146
Meta to Detect and Label More AI-Created Posts
Meta Platforms Inc. will expand the scope of labeling publications that were created using artificial intelligence technology on social media platforms.
TSMC to Open Second Japan Chip Factory
Taiwan Semiconductor Manufacturing Co., one of the world’s largest chip makers, is expanding its presence in Japan.
Xi Jinping Reportedly to Discuss China Stocks With Regulators
The media reported that regulators intend to inform the head of the People’s Republic of China Xi Jinping about the stock market situation.
UBS Restarts Buybacks
UBS Group AG has announced its intention to resume share buyback in the current year.
Brite Payments Teams Up With Northe to Enhance EV Charging
Northe, a one-stop platform for electric vehicle (EV) charging, will now provide customers with a more streamlined payment process due to the partnership with Brite Payments, a Stockholm-based instant bank payments provider.
Microsoft Forms AI Partnership With Startup Semafor
Microsoft has launched a partnership in the artificial intelligence industry with a news startup called Semafor.
Sri Lanka Eyes $5 Billion in Foreign Funds
Sri Lanka expects to raise about $5 billion in foreign funds over the next two years.
China’s Services Activity Expands at Slow Pace
In China, an increase in the level of activity in the local sphere of services was recorded last month, the intensity of which turned out to be lower than the indicator of preliminary expectations regarding this parameter of the functioning of the corresponding area.
EU to Advance AI Act
As France and Germany withdrew their objections to the AI Act, the EU can proceed with the next steps required for implementing the regulation.
Jeff Bezos Plans to Sell Up to 50 Million Amazon Shares
Jeff Bezos intends to sell up to 50 million shares of Amazon.com Inc. over the next 12 months.
India to Review Tax on Online Gaming
India intends to review the national sales tax regime for companies that operate in the sphere of online gaming after March of the current year.
UniCredit Shares Demonstrate Growth
UniCredit SpA Bank reported revenue, which turned out to be the highest in more than eight years.
B2B Payments to Reach $124 Trillion Globally by 2028
A new study from Juniper Research, revealed that the value of B2B payments will grow 40% by 2028, up from $89 trillion in 2024, largely due to digital payment adoption in developing markets.
PayTabs Partners With Nearpay for SoftPOS Improvement
PayTabs and Nearpay aim to offer customers across Jordan and other regional markets an enhanced SoftPOS payment experience.
Numerous Paytm Bank Accounts Suspected of Money Laundering
Along with banning Paytm Payments Bank from all forms of banking services, the Reserve Bank of India (RBI) has passed information about thousands of suspicious bank accounts to the country’s financial crime-fighting agency.
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